Exhibit (h)(14)
AMENDMENT TO THE ACCOUNTING SERVICES AGREEMENT BY AND
BETWEEN WATERHOUSE SECURITIES, INC. AND COUNTRYWIDE FUND
SERVICES, INC.
Amendment made as of February 26, 1998 to the Accounting Services
Agreement as of December 10, 1997 (the "Agreement") by and among WATERHOUSE
SECURITIES, INC. ("WSI") and COUNTRYWIDE FUND SERVICES, INC. ("Countrywide").
WITNESSETH:
WHEREAS, WSI and Countrywide desire to make an amendment to the Agreement;
NOW THEREFORE, in consideration of the premises and for other good and
valuable consideration, the parties hereby agree as follows:
1. The Waterhouse Investors Dow Xxxxx Industrial Average(SM) Index Fund is
included as a "Portfolio" under the Agreement for all purposes.
2. Schedule A is hereby amended to read in its entirety as follows:
COMPENSATION
Countrywide will receive a monthly fee with respect to each of the Money
Market Portfolio, U.S. Government Portfolio and Municipal Portfolio, based
upon the average net assets of such Portfolio during such month, in accordance
with the following schedule:
Portfolio's Average Net Assets Monthly Fee
------------------------------ -----------
Less than $250,000,000 $3,000
$250,000,000 - $400,000,000 4,000
$400,000,000 - $500,000,000 4,500
$500,000,000 - $600,000,000 5,000
Over $600,000,000 6,000
Countrywide will receive a monthly fee with respect to the Waterhouse
Investors Dow Xxxxx Industrial Average(SM) Index Fund (the "Fund"), based upon
the average monthly net assets of such Fund during such month, in accordance
with the following schedule:
Fund's Average Monthly Net Assets Monthly Fee
--------------------------------- -----------
Less than $100,000,000 $2,500
$100,000,000 - $250,000,000 3,500
$250,000,000 - $400,000,000 4,500
$400,000,000 - $500,000,000 5,000
50
Over $500,000,000 6,000 + .001%
The fee of .001% on assets over $500,000,000 represents the asset based fee
Countrywide is charged by SunGard.
Countrywide will be reimbursed for the cost of external pricing services used
by the Fund.
3. Except as specifically amended hereby, the Agreement remains in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the
Agreement to be signed by their respective duly authorized officers as of the
day and year above written.
WATERHOUSE SECURITIES, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
--------------------------
COUNTRYWIDE FUND SERVICES, INC.
By: /s/ Xxxxxx Xxxxxx
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