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EXHIBIT 99.(5.14)
THE XXXXXX & RYGEL INVESTMENT GROUP
000 Xxxxx Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxx, Xxxxxxxxxx 00000
______________, 1997
Xxxxxx & Rygel
000 Xxxxx Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
As you know, we wish to retain Xxxxxx & Xxxxx to act as investment
adviser to our newly created PRAAM Money Market Fund series. Accordingly, this
will confirm our agreement to amend Exhibit A to the Investment Management
Agreement between us dated as of June 24, 1992, by adding the following
paragraph:
PRAAM Money Market Fund Series
Annual Advisory Fees (as a percentage of average daily net assets ) --
0.15% of net assets.
Operating Expense Limitation (as a percentage of average daily net
assets) -- Class A, 0.50%; Class B, 0.85%.
In all other respects, the Investment Management Agreement between us,
as previously amended, will remain unchanged. Please sign this letter below to
confirm our agreement to this amendment.
Very truly yours,
----------------------------------
Xxxx X. Xxxxxx
President
AGREED:
Xxxxxx & Rygel
By: ___________________________
Title: ________________________
