Amendment to Sub-Advisory Agreement
This is an Amendment to the Sub-Advisory Agreement made and entered into
between INVESCO Funds Group, Inc., a Delaware corporation ("INVESCO") and
INVESCO Realty Advisors, Inc. ("IRAI"), as of the 28th day of February, 1997
(the "Agreement").
WHEREAS, INVESCO and IRAI are affiliated companies;
WHEREAS, INVESCO desires to change the percentage of the advisory fee that
it pays to IRAI from 33.33% to 40%;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained in the Agreement, it is agreed that the provisions of Article III of
the Agreement entitled "Compensation of the Sub-Adviser" are hereby amended to
read as follows:
For the services rendered, facilities furnished, and expenses assumed by
the Sub-Adviser, INVESCO shall pay to the Sub-Adviser an annual fee, computed
daily and paid as of the last day of each month, using for each daily
calculation the most recently determined net asset value of the Fund, as
determined by a valuation made in accordance with the Fund's procedures for
calculating their net asset value as described in the Fund's Prospectus and/or
Statement of Additional Information. The advisory fee to the Sub-Adviser shall
be computed at the annual rate of 0.36% on the first $500 million of the Fund's
average net assets, 0.30% on the next 4500 million of the Fund's average net
assets, and 0.26% on the Fund's net assets in excess of $1 billion.
IN WITNESS WHEREOF, the parties have executed this Agreement on this
1st day of January, 1998.
INVESCO FUNDS GROUP, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx,
ATTEST: Senior Vice President
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx, Secretary
INVESCO REALTY ADVISORS, INC.
By: /s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
ATTEST: President
/s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
Assistant
