Exhibit 5(i)
LETTER AGREEMENT
SSgA Special Small Cap Fund
SSgA International Growth Opportunities Fund
SSgA High Yield Bond Fund
Investment Advisory Agreement
April 28, 1998
State Street Bank and Trust Company
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to Paragraph 1(b) of the Investment Advisory Agreement between the SSgA
Funds and State Street Bank and Trust Company, dated April 12, 1988, the SSgA
Funds advise you that it is creating three new series to be named SSgA Special
Small Cap Fund, SSgA International Growth Opportunities Fund, and SSgA High
Yield Bond Fund (collectively, the "Funds"), and that the SSgA Funds desire
State Street Bank and Trust Company to serve as investment advisor with respect
to the Funds pursuant to the terms and conditions of the Investment Advisory
Agreement. The Funds will be charged a fee by the Advisor for its investment
advisory services, as reflected in the attached Exhibit A.
Notwithstanding anything to the contrary in Paragraph 10(a), the initial term of
the Investment Advisory Agreement with respect to the Funds shall be until April
12, 1998.
Please acknowledge your acceptance of acting as advisor to the Funds by
executing this letter agreement in the space provided below and then returning
it to the undersigned.
Sincerely,
SSgA FUNDS
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
President
ACKNOWLEDGED AND ACCEPTED
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State Street Bank and Trust Company
By: /s/
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Its:
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AMENDED
EXHIBIT "A"
April 28, 1998
As consideration for the Advisor's services to the following Funds, the Advisor
shall receive from each of these Funds an annual advisory fee, accrued daily at
the rate of 1/365th of the applicable advisory fee rate and payable monthly on
the first business day of each month, of the following annual percentages of
each Portfolio's average daily net assets during the month:
SSgA Money Market Fund 0.25%
SSgA US Government Money Market Fund 0.25%
SSgA S&P 500 Index Fund 0.10%
SSgA Matrix Equity Fund 0.75%
SSgA International Pacific Index Fund 0.50%
SSgA Bond Market Fund 0.30%
SSgA Yield Plus Fund 0.25%
SSgA US Treasury Money Market Fund 0.25%
SSgA US Treasury Obligations Fund 0.25%
SSgA Growth and Income Fund 0.85%
SSgA Intermediate Fund 0.80%
SSgA Prime Money Market Portfolio 0.15%
SSgA Emerging Markets Fund 0.75%
SSgA Tax Free Money Market Fund 0.25%
SSgA Real Estate Equity Fund 0.65%
SSgA Small Cap Fund 0.75%
SSgA Active International Fund 0.75%
SSgA Life Solutions Income and Growth Fund 0.00%
SSgA Life Solutions Balanced Fund 0.00%
SSgA Life Solutions Growth Fund 0.00%
SSgA Special Small Cap Fund 0.75%
SSgA International Growth Opportunities Fund 0.75%
SSgA High Yield Bond Fund 0.30%
