Exhibit h(11)
FORM OF
AMENDMENT TO THE SUB-ADMINISTRATION
AND FUND ACCOUNTING AGREEMENT
THIS AMENDMENT, dated as of this day of , 1999 is made to the Sub-Administration
and Fund Accounting Agreement (the "Agreement") dated July 1, 1998, between ABN
AMRO FUND SERVICES, INC. (the "Company") and FIRST DATA INVESTOR SERVICES GROUP,
INC. (n/k/a PFPC Inc.)("PFPC").
WITNESSETH
WHEREAS, the parties desire to amend the Agreement to document certain revisions
thereto.
NOW THEREFORE, the Company and PFPC agree that as of the date first referenced
above, the Agreement shall be amended as follows:
1. All references to "First Data Investor Services Group, Inc." and "Investor
Services Group" are hereby deleted and replaced with "PFPC Inc." and "PFPC"
respectively.
2. Schedule A is hereby deleted and replaced with the attached revised Schedule
A.
3. Schedule B "FEE SCHEDULE" is hereby deleted and replaced with the attached
revised Schedule B.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their duly authorized officers, as of the day and year first above written.
ABN AMRO FUND SERVICES, INC. PFPC INC.
(f/k/a/ First Data Investor Services Group)
By: _____________________________ By: ______________________________
Title: ____________________________ Title: ____________________________
Exhibit 1
LIST OF PORTFOLIOS
Revised as of [ ]
Money Market Funds
Treasury Money Market Fund
Government Money Market Fund
Money Market Fund
Tax-Exempt Money Market Fund
Fixed Income Funds
Fixed Income Fund
Tax-Exempt Fixed Income Fund
International Fixed Income Fund
Limited Volatility Fixed Income Fund
Balanced Funds
Balanced Fund
Equity Funds
Value Fund
Growth Fund
International Equity Fund
Small Cap Fund
Asian Tigers Fund
TransEurope Fund
Latin America Equity Fund
Real Estate Fund
Institutional Funds
Prime Money Market Fund
Treasury Money Market Fund
Government Money Market Fund
Schedule B
FEE SCHEDULE
Revised As of [ ]
For the services to be rendered, the facilities to be furnished and the
payments to be made by PFPC, as provided for in this Agreement, the Company, on
behalf of each Portfolio, will pay PFPC a fee for the previous month at the
rates listed below. The fee for the period from the effective date of this
Agreement to the end of such month shall be prorated according to the proportion
that such period bears to the full monthly period. Upon any termination of this
Agreement before the end of any month, the fee for such part of a month shall be
prorated according to the proportion which such period bears to the full monthly
period and shall be payable upon the date of termination of this Agreement.
Fund Administration Fee:
A. Money Market Funds, Fixed Income Funds, Balanced Funds and Equity Funds:
0.06% of average net assets for assets up to $2 billion* 0.04% of average net
assets for assets over $2 billion* *average assets shall be calculated in the
aggregate for all of the referenced funds
B. Institutional Funds: $10,000 one time start up fee (Preparation, review and
filing of a new prospectus for three portfolios - two classes each) 0.02% of
average net assets** **after six months a minimum fee of $40,000 per portfolio
shall apply if the average net assets of the Institutional Funds do not exceed
$200,000million
Fund Accounting Fee:
A. Money Market Funds, Fixed Income Funds, Balanced Funds and Equity Funds:
Regular Rate: Per Portfolio $35,000 Each additional class $2,500
For any new Portfolios commencing operations on of after December 31, 1997, the
following fee schedule shall apply:
Portfolio Assets Fund Accounting Fee
up to $10 million waived
$10 million to $20 million $17,500 (1/2 regular rate)
over $20 million regular rate
B. Institutional Funds: Fund Accounting Fee Waived
Early Termination Fee:
The Early Termination Fee referred to in Section 8(e) and Section 13.5 of the
Transfer Agency Agreement (together with this Agreement, the "Agreements") shall
equal in the aggregate $1,500,000 if such termination occurs during the first
year of the Agreements and $750,000 if such termination occurs during the second
year of the Agreements.
Investor Services Group shall be entitled to collect all out-of-pocket fees
described in Schedule C.
