EX.(h)(4)(i)
EXPENSE LIMITATION AGREEMENT
This EXPENSE LIMITATION AGREEMENT is made as of the 31st day of
OCTOBER, 2001 by and between XXXXXX XXXXXXXX INVESTMENT TRUST, a Delaware
business trust (the "Trust") and DEUTSCHE ASSET MANAGEMENT, INC., a Delaware
corporation (the "Adviser"), with respect to the following:
WHEREAS, the Adviser serves as Investment Adviser to the Trust's series
set forth on Exhibit A pursuant to Management Contracts dated December 28, 1994
and an Investment Management Contract dated January 30, 1998, and the Adviser
serves as the Trust's Administrator pursuant to an Administration Agreement
dated August 27, 1998 (collectively, the "Agreements").
NOW, in consideration of the mutual covenants herein contained and
other good and valuable consideration, the receipt whereof is hereby
acknowledged, the parties hereto agree as follows:
1. The Adviser agrees to waive its fees and reimburse expenses for the
period from October 31, 2001 to March 1, 2003 to the extent
necessary so that the total annual operating expenses for each of
the Trust's series set forth on Exhibit A (each a "Fund") do not
exceed the percentage of average daily net assets set forth on
Exhibit A.
2. Upon the termination of any of the Agreements, this Agreement shall
automatically terminate.
3. Any question of interpretation of any term or provision of this
Agreement having a counterpart in or otherwise derived from a term
or provision of the Investment Company Act of 1940, as amended (the
"1940 Act") shall be resolved by reference to such term or
provision of the 1940 Act and to interpretations thereof, if any,
by the United States Courts or in the absence of any controlling
decision of any such court, by rules, regulations or orders of the
Securities and Exchange Commission ("SEC") issued pursuant to said
Act. In addition, where the effect of a requirement of the 1940 Act
reflected in any provision of this Agreement is revised by rule,
regulation or order of the SEC, such provision shall be deemed to
incorporate the effect of such rule, regulation or order. Otherwise
the provisions of this Agreement shall be interpreted in accordance
with the laws of Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers as of the day and year first
above written.
XXXXXX XXXXXXXX INVESTMENT TRUST
Attest:________________ By: ____________________
Name: Xxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx
Title: Secretary
DEUTSCHE ASSET MANAGEMENT, INC.
Attest: _______________ By: ____________________
Name: Xxx X. Xxxxxx Name: Xxxxxxx X. Xxxx
Title: Vice President
Exhibit A
Total Fund Operating Expenses
(as a percentage of average
Fund daily net assets)
Fixed Income - Investment Class Fund 0.80%
Fixed Income - Institutional Class Fund 0.55%
Short-Term Fixed Income Fund - Institutional Class 0.55%
Municipal Bond Fund- Investment Class 0.79%
Municipal Bond Fund- Institutional Class 0.55%
Short-Term Municipal Bond Fund - Investment Class 0.80%
Short-Term Municipal Bond Fund - Institutional Class 0.55%
High Yield Bond Fund - Investment Class 0.90%
High Yield Bond Fund - Institutional Class 0.65%
High Yield Bond Fund - Class A Shares 0.90%
High Yield Bond Fund - Class B Shares 1.65%
High Yield Bond Fund - Class C Shares 1.65%
High Yield Bond Fund - Premier Class 0.50%
Total Return Bond - Premier Class 0.45%
Total Return Bond - Institutional Class 0.60%
European Equity Fund - Investment Class 1.50%
European Equity Fund - Institutional Class 1.25%
European Equity Fund - Premier Class 0.95%
European Equity Fund - Class A Shares 1.50%
European Equity Fund - Class B Shares 2.25%
European Equity Fund - Class C Shares 2.25%