EXHIBIT d(1)(b)
AMENDMENT NO. 1
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of ______________, 2001, amends the Master
Investment Advisory Agreement (the "Agreement"), dated June 1, 2000, between
Short-Term Investments Co., a Maryland corporation, 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 add a new portfolio,
the Cash Assets Portfolio;
NOW, THEREFORE, the parties agree as follows;
1. Schedule A and Schedule B to the Agreement are hereby deleted in their
entirety and replaced with the following:
"SCHEDULE A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------ ------------------------------------
Cash Assets Portfolio [December 15, 2001]
Liquid Assets Portfolio June 1, 2000
Prime Portfolio June 1, 2000
SCHEDULE B
COMPENSATION TO THE ADVISOR
The Company 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.
CASH ASSETS PORTFOLIO
LIQUID ASSETS PORTFOLIO
NET ASSETS ANNUAL RATE
---------- -----------
All Assets 0.15%
PRIME PORTFOLIO
NET ASSETS ANNUAL RATE
---------- -----------
First $100 million 0.20%
Over $100 million to $200 million 0.15%
Over $200 million to $300 million 0.10%
Over $300 million to $1.5 billion 0.06%
Over $1.5 billion 0.05%"
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their respective officers on the date first written above.
SHORT-TERM INVESTMENTS CO.
Attest: By:
------------------------ ----------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
A I M ADVISORS, INC.
Attest: By:
------------------------ ----------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
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