NORTHERN FUNDS
ADDENDUM NO. 8 TO THE INVESTMENT ADVISORY
AGREEMENT
This Addendum, dated as of the 31st day of July, 2000, is
entered into between NORTHERN FUNDS (the "Trust"), a Delaware
business trust, and THE NORTHERN TRUST COMPANY (the
"Investment Adviser"), an Illinois state bank.
WHEREAS, the Trust and the Investment Adviser have
entered into an Investment Advisory and Ancillary Services Agreement
dated as of July 31, 2000 as amended by Addendum No. 1 dated July 31,
2000, by Addendum No. 2 dated July 31, 2000, by Addendum No. 3 dated
July 31, 2000, by Addendum No. 4 dated July 31, 2000, by Addendum
No. 5 dated July 31, 2000, by Addendum No. 6 dated July 31, 2000 and by
Addendum No. 7 dated July 31, 2000 (the "Advisory Agreement")
pursuant to which the Trust has appointed the Investment Adviser to act as
investment adviser to the Trust for the Money Market Fund, U.S.
Government Money Market Fund, Municipal Money Market Fund, U.S.
Government Select Money Market Fund, California Municipal Money
Market Fund, U.S. Government Fund, Fixed Income Fund, Intermediate
Tax-Exempt Fund, Tax-Exempt Fund, Global Fixed Income Fund
(formerly known as the International Fixed Income Fund), Income Equity
Fund, Growth Equity Fund, Select Equity Fund, Small Cap Value Fund
(formerly known as the Small Cap Fund), International Growth Equity
Fund, International Select Equity Fund, Technology Fund, Stock Index
Fund, Short-Intermediate U.S. Government Fund, California Intermediate
Tax-Exempt Fund, Arizona Tax-Exempt Fund, California Tax-Exempt
Fund, Florida Intermediate Tax-Exempt Fund, Small Cap Index Fund, Mid
Cap Growth Fund, High Yield Municipal Fund and the High Yield Fixed
Income Fund; and
WHEREAS, Section 1(b) of the Advisory Agreement
provides that in the event the Trust establishes one or more additional
investment portfolios with respect to which it desires to retain the
Investment Adviser to act as investment adviser under the Advisory
Agreement, the Trust shall so notify the Investment Adviser in writing and
if the Investment Adviser is willing to render such services it shall notify
the Trust in writing, and the compensation to be paid to the Investment
Adviser shall be that which is agreed to in writing by the Trust and the
Investment Adviser; and
WHEREAS, pursuant to Section 1(b) of the Advisory
Agreement, the Trust has notified the Investment Adviser that it is
establishing the Tax-Exempt Money Market and the Small Cap Growth
Funds (the "Funds"), and that it desires to retain the Investment Adviser to
act as the investment adviser for the Funds, and the Investment Adviser
has notified the Trust that it is willing to serve as investment adviser for
the Funds
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby agree
as follows:
1. Appointment. The Trust hereby appoints the Investment Adviser to act as
investment adviser to the Trust for the Funds in accordance with the terms set
forth in the Advisory Agreement. The Investment Adviser hereby accepts such
appointment and agrees to render the services set forth in the Advisory
Agreement for the compensation herein provided.
2. Compensation. For the services provided and the expenses assumed
pursuant to the Advisory Agreement regarding each Fund, the Trust will pay the
Investment Adviser, and the Investment Adviser will accept as full compensation
therefor from the Trust, a fee at the annual rate of 0.60% of the Tax-Exempt
Money Market Fund's and 1.20% of the Small Cap Growth Fund's average net assets.
3. Capitalized Terms. From and after the date hereof, the term "Current
Funds" as used in the Advisory Agreement shall be deemed to include the Funds.
Capitalized terms used herein and not otherwise defined shall have the meanings
ascribedto them in the Advisory Agreement.
4. Miscellaneous. The initial term of the Advisory Agreement with respect
to the Funds shall continue, unless sooner terminated in accordance with the
Advisory Agreement, until March 31, 2001. Except to the extent supplemented
hereby, the Advisory Agreement shall remain unchanged and in full force and
effect, and is hereby ratified and confirmed in all respects as supplemented
hereby.
All signatures need not appear on the same copy of this Addendum.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of
the date and year first above written.
NORTHERN FUNDS
Attest: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxxxxxxx Xxxx
Title: Vice-President
THE NORTHERN TRUST COMPANY
Attest: /s/ Xxxxx Xxxxxxxx By: /s/ Xxxxxxxxx Xxxx
Title: Vice-President
(..continued)
(continued.)
Northern funds Addendum #8
Northern funds Addendum #8
Northern funds Addendum #8 - 2 -
Northern funds Addendum #8
