AMENDMENT NO. 5
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of July 1, 2004, amends the Master Investment
Advisory Agreement (the "Agreement"), dated June 1, 2000, between AIM Investment
Securities Funds, a Delaware statutory trust, and A I M Advisors, Inc., a
Delaware corporation.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to reduce the Advisory
Fee for the AIM Money Market Fund;
NOW, THEREFORE, the parties agree as follows;
1. Appendix B to the Agreement is hereby deleted in its entirety and
replaced with the following:
"APPENDIX B
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such Fund.
AIM HIGH YIELD FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $200 million.............. 0.625%
Next $300 million............... 0.55%
Next $500 million............... 0.50%
Amount over $1 billion.......... 0.45%
AIM INCOME FUND
AIM INTERMEDIATE GOVERNMENT FUND
AIM MUNICIPAL BOND FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $200 million.............. 0.50%
Next $300 million............... 0.40%
Next $500 million............... 0.35%
Amount over $1 billion.......... 0.30%
AIM LIMITED MATURITY TREASURY FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million.............. 0.20%
Amount over $500 million........ 0.175%
AIM MONEY MARKET FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $1 billion................ 0.40%
Over $1 billion................. 0.35%
AIM REAL ESTATE FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets ..................... 0.90%
AIM SHORT TERM BOND FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets ..................... 0.40%
AIM TOTAL RETURN BOND FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million.............. 0.50%
Next $500 million............... 0.45%
Over $1 billion................. 0.40%"
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
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IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed by their respective officers on the date first written above.
AIM INVESTMENT SECURITIES FUNDS
Attest: /s/ Xxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------------- ------------------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
A I M ADVISORS, INC.
Attest: /s/ Xxxx X. Xxxxxx By: /s/ Xxxx X. Xxxxxxxxxx
-------------------------- ------------------------------------
Assistant Secretary Xxxx X. Xxxxxxxxxx
President
(SEAL)
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