August 14, 1998 PFPC Inc. 103 Bellevue Parkway Wilmington, Delaware 19809 Ladies and Gentlemen: Reference is made to the Accounting Services Agreement between us dated as of April 1, 1993 (the "Agreement"). Pursuant to Section 2 of the Agreement, we...

                                                                   Exhibit 9.16



                          Xxxxxxxx-Xxxxxxxxx Mutual Funds
                                 000 Xxxx Xxxxxxxx
                                     00xx Xxxxx
                                Xxx Xxxxx, XX  00000


                                  August 14, 1998




PFPC Inc.
000 Xxxxxxxx Xxxxxxx
Xxxxxxxxxx, Xxxxxxxx  00000

Ladies and Gentlemen:

          Reference is made to the Accounting Services Agreement between us
dated as of April 1, 1993 (the "Agreement").

          Pursuant to Section 2 of the Agreement, we wish to add the 
Xxxxxxxx-Xxxxxxxxx  Large Cap Value Fund to the Agreement.  The full list of 
Funds covered by the Agreement is set forth on Exhibit A.

          Please indicate your acceptance of this addition by signing the letter
below and returning a copy to us.  Thank you for your assistance regarding this
matter.
     
Sincerely,


E. Xxxxx Xxxxx, Jr.
Secretary



AGREED:

PFPC INC.


By:
   ---------------------------------
Title:
      ------------------------------



                                     EXHIBIT A
                                          
        Xxxxxxxx-Xxxxxxxxx Mid Cap Growth Fund (formerly Xxxxxxxx-Xxxxxxxxx
                                 Core Growth Fund)
                      Xxxxxxxx-Xxxxxxxxx Large Cap Growth Fund
                      Xxxxxxxx-Xxxxxxxxx Mini Cap Growth Fund
       Xxxxxxxx-Xxxxxxxxx Small Cap Growth Fund (formerly Xxxxxxxx-Xxxxxxxxx
                               Emerging Growth Fund)
          Xxxxxxxx-Xxxxxxxxx Convertible Fund (formerly Xxxxxxxx-Xxxxxxxxx
                               Income & Growth Fund)
                      Xxxxxxxx-Xxxxxxxxx Balanced Growth Fund
                      Xxxxxxxx-Xxxxxxxxx Worldwide Growth Fund
                 Xxxxxxxx-Xxxxxxxxx International Core Growth Fund
                     Xxxxxxxx-Xxxxxxxxx Emerging Countries Fund
                   Xxxxxxxx-Xxxxxxxxx Global Growth & Income Fund
               Xxxxxxxx-Xxxxxxxxx International Small Cap Growth Fund
                        Xxxxxxxx-Xxxxxxxxx Money Market Fund
                           Xxxxxxxx-Xxxxxxxxx Value Fund
                      Xxxxxxxx-Xxxxxxxxx High Yield Bond Fund
                      Xxxxxxxx-Xxxxxxxxx Strategic Income Fund
              Xxxxxxxx-Xxxxxxxxx Short-Intermediate Fixed Income Fund 
       Xxxxxxxx-Xxxxxxxxx High Quality Bond Fund(formerly Xxxxxxxx-Xxxxxxxxx
                       Fully Discretionary Fixed Income Fund)
                      Xxxxxxxx-Xxxxxxxxx Global Blue Chip Fund
                   Xxxxxxxx-Xxxxxxxxx Emerging Markets Bond Fund
                        Xxxxxxxx-Xxxxxxxxx Pacific Rim Fund
                       Xxxxxxxx-Xxxxxxxxx Greater China Fund
                       Xxxxxxxx-Xxxxxxxxx Latin America Fund
                     Xxxxxxxx-Xxxxxxxxx Global Technology Fund
                      Xxxxxxxx-Xxxxxxxxx Large Cap Value Fund