Exhibit 9(d)
Form of
AMENDMENT TO ADMINISTRATION AGREEMENT
THIS AMENDMENT dated as of _________, 1997 (the "Amendment") is made to the
Administration Agreement, dated as of the 1st day of May, 1995, (the
"Agreement") between ST. CLAIR FUNDS, INC. (the "Company") and FIRST DATA
INVESTOR SERVICES GROUP, INC. ("FDISG").
The Company and FDISG agree that the Agreement shall, as of the date
first written above, be amended as follows:
1. The Fee Schedule of the Agreement shall be deleted in its entirety and
the Fee Schedule attached hereto shall be substituted in its place; and
2. Schedule A to the Agreement shall be deleted in its entirety and
Schedule A attached hereto shall be substituted in its place.
In all other respects, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first written
above.
ST. CLAIR FUNDS, INC.
By: _____________________________
Title:_____________________________
FIRST DATA INVESTOR SERVICES GROUP, INC.
By: _____________________________
Title:_____________________________
FEE SCHEDULE FOR
ADMINISTRATION AND
FUND ACCOUNTING SERVICES
Liquidity Plus Money Market Fund
A. FEES FOR ADMINISTRATION SERVICES -- (Fund Administration and Fund
Accounting)
The following annual Fund Administration fees apply:
.12% of the first $2.8 billion of the average daily net assets of the
Companies (as defined below); and
.105% of the next $2.2 billion of the Companies' average daily net assets;
and
.10% of the Companies' average daily net assets over $5 billion.
"Companies" shall include The Munder Funds Trust, the Liquidity Plus Money
Market Fund of St. Clair Funds, Inc., The Munder Funds, Inc. (other than the
Munder All-Season Maintenance Fund, All-Season Accumulation Fund, All-Season
Development Fund and Munder Financial Services Fund) and The Munder Framlington
Funds Trust.
B. MINIMUM FEES
For Fund Administration Services, a minimum fee of $1.2 million per
annum will apply in the aggregate for all funds of the Companies.
Munder S&P 500 Index Equity Fund, Munder S&P MidCap Index Equity Fund, Munder
S&P SmallCap Index Equity Fund, Munder Foreign Equity Fund and Munder Aggregate
Bond Index Fund (the "Variable Annuity
Funds")
A. FEES FOR ADMINISTRATION SERVICES -- (Fund Administration and Fund
Accounting)
The following annual Fund Administration fees apply:
[TO BE DETERMINED]
Munder Institutional S&P 500 Index Equity Fund, Munder Institutional S&P MidCap
Index Equity Fund, Munder Institutional S&P SmallCap Index Equity Fund, Munder
Institutional Short Term Treasury Fund and Munder Institutional Money Market
Fund (the "Institutional Funds")
A. FEES FOR ADMINISTRATION SERVICES -- (Fund Administration and Fund
Accounting)
The following annual Fund Administration fees apply:
$20,000 per Institutional Fund plus:
.01% of the first billion of the Institutional Funds'
aggregate net assets; and .005% of the Institutional Funds'
aggregate net assets in excess of $1.0 billion; plus
the lesser of .005% of the Institutional Funds' aggregate net assets or
$150,000.
SCHEDULE A
FUNDS
Liquidity Plus Money Market Fund
Munder S&P 500 Index Equity Fund
Munder S&P MidCap Index Equity Fund
Munder S&P SmallCap Index Equity Fund
Munder Foreign Equity Fund
Munder Aggregate Bond Index Fund
Munder Institutional S&P 500 Index Equity Fund
Munder Institutional S&P MidCap Index Equity Fund
Munder Institutional S&P SmallCap Index Equity Fund
Munder Institutional Short Term Treasury Fund
Munder Institutional Money Market Fund
