September 27, 2001

                                                                Exhibit h (18)




                     Xxxxxxxx-Xxxxxxxxx Institutional Funds
                          000 Xxxx Xxxxxxxx, 00xx Xxxxx
                           Xxx Xxxxx, Xxxxxxxxxx 00000


                               September 27, 2001


Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000


Ladies and Gentlemen:

         This will confirm our agreement that the expense limitation letter
agreement between us dated May 18, 2001 is hereby amended to add Class R shares
to the following Funds:

                                Worldwide Growth
                         International Small Cap Growth
                                  Global Select
                                  Latin America
                                   Pacific Rim

         The full list of Funds covered by the Agreement and the expense
limitations with respect to each such Fund are as set forth in Exhibit A hereto.
In all other respects, the expense limitation letter agreement, as previously
amended, will remain in full force and effect. Please sign this letter below to
confirm your agreement with this amendment.


                                   Very truly yours,


                                   /s/ Xxxxxxx X. Xxxxxx
                                   ----------------------
                                   Xxxxxxx X. Xxxxxx
                                   Assistant Secretary



AGREED:
Xxxxxxxx-Xxxxxxxxx Capital Management


By:   /s/ Xxxxxxx X. Xxxxx, Xx.
      -------------------------
      Xxxxxxx X. Xxxxx, Xx.
      Deputy General Counsel



                               EXPENSE LIMITATIONS


Small Cap Growth                    Class I                   1.25%
                                    Class R                   1.50%

Mid Cap Growth                      Class I                   1.00%
                                    Class R                   1.25%

Large Cap Growth                    Class I                   1.00%
                                    Class R                   1.25%

Value                               Class I                   1.00%
                                    Class R                   1.25%

Emerging Countries                  Class I                   1.65%
                                    Class R                   1.90%

International Core Growth           Class I                   1.40%
                                    Class R                   1.65%

High Quality Bond                   Class I                   0.45%
                                    Class R                   0.70%

Mini Cap Growth                     Class I                   1.56%

Global Technology                   Class I                   1.40%

International Small Cap             Class I                   1.40%
                                    Class R                   1.65%

Worldwide Growth                    Class I                   1.35%
                                    Class R                   1.60%

Latin America                       Class I                   1.65%
                                    Class R                   1.90%

Pacific Rim                         Class I                   1.40%
                                    Class R                   1.65%

Convertible                         Class I                   1.00%

Global Select                       Class I                   1.20%
                                    Class R                   1.45%

Global Health Care                  Class I                   1.40%

High Yield Bond                     Class I                   0.75%
                                    Class R                   1.00%

International Structured            Class I                   1.25%

Small Cap Value                     Class I                   1.30%