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FORM N-1A, Item 23(h)(2)
AMENDMENT TO FUND ADMINISTRATION AGREEMENT
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Fund Administration Fee Schedule
For
OneAmerica Funds, Inc.
(April 1, 2006)
Fund Administration Services - See Below For List of Services
2.5 basis points, per annum, on the first $1 Bi1lion of assets of the portfolio
2 basis points on the excess
Minimum Fee: There is an annual minimum fee of $35,000.00 per Fund*
(* The minimum Fund Administration charge will be prorated monthly. The minimum
applies against the total asset fees generated from all four portfolios)
Tax Services
.. Maintain books and records in accordance with requirements of Subchapter M
and other relevant sections of the Internal Revenue Code.
.. Calculate required income/capital gain distributions in compliance with
income/excise tax distribution requirements with Fund independent audit
review. Monitor compliance with IRC quarterly and annual tests, including:
distributions, qualified income and diversification.
.. Review all dividend declarations to ensure that such distributions are not
"preferential" under IRC
.. Perform wash sales analysis.
.. Prepare federal, state, and local income tax returns for the Fund and file
such returns upon approval of the Fund's independent accountants.
Compliance
.. Monitor overall compliance by the Fund with its policies and restrictions
as delineated in its Prospectus and as delineated in the Investmenct
Company Act of 1940.
.. Maintain overall regulatory calendar.
.. Coordinate periodic updating of the;Fund's Registration Statement and
Prospectus.
.. Prepare regular Board of Director meeting packages. Which includes
quarterly results of compliance reviews and testing.
.. Assist in obtaining Fidelity Bond and E&O/D&O insurance coverage.
.. Assist in responding to inquiries from the SEC and other regulatory
authorities.
.. Monitor authorized shares against shares outstanding for each Fund.
.. Notify Fund officers of xxxx to market issues pursuant to Board-approved
procedures
.. Provide assistance with respect to audits by the Fund's Independent
accountants
.. Consult and advise the Fund' s portfolio managers with respect to
compliance matters
Reporting
.. Prepare Form N-SAR, N-30D and notices pursuant to Rule24-2.
.. Prepare semi-annual and annual reports to shareholders.
.. Prepare statistical reports for information services.
.. Establish expense accruals, maintain expense files and coordinate payment
of invoices.
.. Assist Fund's Independent Accountants with17f-2
.. Prepare annual Fund expense budget and monthly accrual analysis.
Out of Pocket Expenses
The Out of Pocket Expenses can include, but are not limited to, expenses for
mailing reports via courier and any other expenses BNY may incur.
Billing Cycle -
The above fee will be billed on a monthly basis.
Portfolios
OneAmerica Asset Director Portfolio
OneAmerica Money Market Portfolio
OneAmerica Investment Grade Bond Portfolio
OneAmerica Value Portfolio
OneAmerica Socially Responsive Portfolio
OneAmerica Funds, Inc. The Bank of New York
Accepted by: /s/ Xxxxxxxxx X. Xxxx Accepted By:/s/ Xxxxxx X. XxXxxx
Title: Treasurer Title: Managing Director
Date: 3/6-06 Date: 03/02/06
The Bank of New York
EXHIBIT A
TO THE ADMINISTRATION AGREEMENT BETWEEN
THE BANK OF NEW YORK
AND
ONEAMERICA FUNDS, INC.
(DATED DECEMBER 10, 2002)
PORTFOLIOS
OneAmerica Asset Director Portfolio
OneAmerica Money Market Portfolio
OneAmerica Investment Grade Bond Portfolio
OneAmerica Value Portfolio
OneAmerica Socially Responsive Portfolio
