Exhibit (h)(4)
AMENDMENT TO
ADMINISTRATION AGREEMENT
This is an amendment dated November 2, 2001 to the Administration Agreement
("Agreement") between Pilgrim Emerging Markets Fund, Inc. ("Fund") and ING
Pilgrim Group, LLC, which was made the 26th day of July, 2000.
WHEREAS, The Board of Directors has determined that it is in the best interest
of the Fund to synchronize the annual renewal of this Agreement with the renewal
of the Fund's investment management agreement, which also requires annual
renewal by the Fund's Board of Directors, to facilitate the Fund's compliance
schedule and administration.
THEREFORE, the parties agree that this Agreement, as amended, shall be dated
September 1, 2001.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their officers designated below as of the day and year set forth
above.
PILGRIM EMERGING MARKETS FUND, INC.
/s/ Xxxxxx X. Naka
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By: Xxxxxx X. Naka
Senior Vice President
ING PILGRIM GROUP, LLC
/s/ Xxxxxxx X. Xxxxxx
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By: Xxxxxxx X. Xxxxxx
Senior Vice President
