EQUITY FUND
First Choice Funds Trust
0000 Xxxxxxx Xxxx
Xxxxxxxx, Xxxx 00000
February 19, 1998
First American Capital Management, Inc.
000 Xxx Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx Xxxxx, XX 00000
Investment Advisory Contract Supplement
Dear Sirs or Madams:
This will confirm the agreement between First Choice Funds Trust (the
"Trust") and First American Capital Management, Inc. (the "Adviser") as follows:
The Equity Fund (the "Fund") is a portfolio of the Trust
which has been organized as a business trust under the laws of the State
of Delaware and is an open-end management investment company. The Trust
and the Adviser have entered into a Master Investment Advisory Contract,
dated August 23,1996 (as from time to time amended and supplemented, the
"Master Advisory Contract"), pursuant to which the Adviser has undertaken
to provide or make provision for the Trust for certain investment advisory
and management services identified therein and to provide certain other
services, as more fully set forth therein. Certain capitalized terms used
without definition in this Investment Advisory Contract Supplement have
the meaning specified in the Master Advisory Contract.
The Trust agrees with the Adviser as follows:
1. Adoption of Master Advisory Contract. The Master
Advisory Contract is hereby adopted for the Fund. The Fund shall be one of
the "Funds" referred to in the Master Advisory Contract.
2. Payment of Fees. For all services to be rendered,
facilities furnished and expenses paid or assumed by the Adviser as
provided in the Master Advisory Contract and herein, the Fund shall pay a
monthly fee on the first business day of each month, based upon the
average daily value (as determined on each business day at the time set
forth in the Prospectus for determining net asset value per share) of the
net assets of the Fund during the preceding month, at the annual rate of
1.00%.
If the foregoing correctly sets forth the agreement
between the Trust and the Adviser, please so indicate by signing and
returning to the Trust the enclosed copy hereof.
Very truly yours,
EQUITY FUND,
First Choice Funds Trust
By: /s/Xxxxxx Xxxxx Xxxxxxxx
Title: Secretary
The foregoing Contract is hereby agreed to as of the date hereof:
FIRST AMERICAN CAPITAL MANAGEMENT, INC.
By: /s/Xxxxxxx X. Xxxxxxx
Title: President and CEO
