EXHIBIT (h)(2)
MACKENZIE SOLUTIONS
ADMINISTRATIVE SERVICES AGREEMENT SUPPLEMENT
International Solutions I - Conservative Growth
International Solutions II - Balanced Growth
International Solutions III - Moderate Growth
International Solutions IV - Long-Term Growth
International Solutions V - Aggressive Growth
AGREEMENT made as of the 28th day of June, 1999, by and between Mackenzie
Solutions (the "Trust") and Mackenzie Investment Management Inc. ("MIMI").
WHEREAS, the Trust is an open-end investment company organized as a
Massachusetts business trust and consists of such separate investment portfolios
as have been or may be established and designated by the Trustees of the Trust
from time to time;
WHEREAS, a separate class of shares of the Trust is offered to
investors with respect to each investment portfolio;
WHEREAS, the Trust has adopted a Master Administrative Services
Agreement (the "Master Agreement") dated as of June 28th, 1999, pursuant to
which the Trust has appointed MIMI to provide the administrative services
specified in the Master Agreement; and
WHEREAS, International Solutions I - Conservative Growth, International
Solutions II - Balanced Growth, International Solutions III - Moderate Growth,
International Solutions IV - Long-Term Growth and International Solutions V -
Aggressive Growth (the "Funds") are separate investment portfolios of the Trust:
NOW, THEREFORE, the Trustees of the Trust hereby take the following
actions, subject to the conditions set forth:
1. As provided for in the Master Agreement, the Trust hereby adopts the
Master Agreement with respect to each Fund, and MIMI hereby acknowledges that
the Master Agreement shall pertain to each Fund, the terms and conditions of
such Master Agreement being hereby incorporated herein by reference.
2. The term "Fund" as used in the Master Agreement shall, for purposes
of this Supplement, pertain to the Funds.
3. MIMI shall render the services described in paragraph 2 of the
Master Agreement to the Funds in consideration of the Trust's appointment of
MIMI's affiliate, Xxx Xxxxxxxxx Services Corp., as transfer agent for the Funds.
4. This Supplement and the Master Agreement (together, the "Agreement")
shall become effective with respect to the Funds as of the date specified above
and shall remain in effect with respect to each Fund for a period to be
determined as provided in the Master Agreement.
IN WITNESS WHEREOF, the parties have cause this Supplement to be
executed as of the date first above written.
MACKENZIE SOLUTIONS,
on behalf of International Solutions
I - Conservative Growth,
International Solutions II -
Balanced Growth, International
Solutions III - Moderate Growth,
International Solutions IV -
Long-Term Growth and International
Solutions V - Aggressive Growth
By: /s/ XXXXX X. XXXXXXX
Xxxxx X. Xxxxxxx, President
MACKENZIE INVESTMENT MANAGEMENT INC.
By: /s/ XXXXXXX X. XXXXXX
Xxxxxxx X. Xxxxxx, President
