Exhibit(d)(3)
FIRST AMENDMENT TO
INVESTMENT MANAGEMENT AGREEMENT
This Amendment is made as of the 19th day of March, 2003, to each
Investment Management Agreement listed on Schedule A (the "Agreement") between
the Trusts/Corporations listed thereon, on behalf of the Funds listed thereon,
and Deutsche Investment Management Americas Inc.
The parties agree to amend the Agreement by inserting the following
paragraph at the end of Section 4:
You are authorized to delegate to such agents as you may deem desirable
to assist you in performing your duties under this section 4, provided
that (i) the Trust/Corporation's Board of Directors/Trustees, including
a majority of the Directors/Trustees who are not interested persons of
the Trust/Corporation or any party to this Agreement, has given its
prior approval to any such delegation, (ii) you are responsible for
compensating any such agent, and (iii) you shall be fully responsible
and liable to the Trust/Corporation for the acts or omissions of any
such agents as you are for your own acts and omissions under the
Agreement.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed by their duly authorized officer as of the day and year first set forth
above.
EACH TRUST/CORPORATION LISTED ON SCHEDULE A
By: /s/Xxxxxxx X. Xxxx
--------------------------------------
Xxxxxxx X. Xxxx
President
DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC.
By: /s/Xxxxxxx X. Xxxxxxxx
-------------------------------------
Xxxxxxx X. Xxxxxxxx, III
General Counsel, Chief Legal Officer &
Secretary
SCHEDULE A
TO
FIRST AMENDMENT TO
INVESTMENT MANAGEMENT AGREEMENT
-------------------------------
Date of Investment
Trust/Corporation Fund Management Agreement
----------------- ---- --------------------
Xxxxxxx Aggressive Growth Fund April 5, 2002
Xxxxxxx Blue Chip Fund April 5, 2002
Xxxxxxx Dynamic Growth Fund April 5, 2002
Xxxxxxx Equity Trust Xxxxxxx-Xxxxxx Financial Services Fund April 5, 2002
Xxxxxxx Growth Fund Xxxxxxx Growth Fund April 5, 2002
Xxxxxxx New Europe Fund, Inc. Xxxxxxx New Europe Fund April 5, 2002
Xxxxxxx Target Fund Xxxxxxx Target 2010 Fund April 5, 2002
Xxxxxxx Target 2011 Fund April 5, 2002
Xxxxxxx Target 2012 Fund April 5, 2002
Xxxxxxx Target 2013 Fund April 5, 2002
Xxxxxxx Retirement Fund - Series V April 5, 2002
Xxxxxxx Retirement Fund - Series VI April 5, 2002
Xxxxxxx Retirement Fund - Series VII April 5, 2002
Xxxxxxx Worldwide 2004 Fund April 5, 2002
Xxxxxxx Technology Fund April 5, 2002
Xxxxxxx Total Return Fund April 5, 2002
Date of Investment
Trust/Corporation Fund Management Agreement
----------------- ---- --------------------
Xxxxxxx Focus Value Plus Growth Fund April 5, 2002
Xxxxxxx Value Series, Inc. Xxxxxxx Contrarian Fund April 5, 2002
Xxxxxxx-Xxxxxx High Return Equity Fund April 5, 2002
Xxxxxxx-Xxxxxx Small Cap Value Fund April 5, 2002
Xxxxxxx High Income Series Xxxxxxx High Income Fund April 5, 2002
Xxxxxxx State Tax-Free Income Series Xxxxxxx California Tax-Free Income Fund April 5, 2002
Xxxxxxx New York Tax-Free Income Fund April 5, 2002
Xxxxxxx Florida Tax-Free Income Fund April 5, 2002
Xxxxxxx Strategic Income Fund April 5, 2002
Xxxxxxx U.S. Government Securities Fund April 5, 2002
Xxxxxxx Variable Series II Xxxxxxx Money Market Portfolio April 5, 2002
Xxxxxxx Total Return Portfolio April 5, 2002
Xxxxxxx High Income Portfolio April 5, 2002
Xxxxxxx Growth Portfolio April 5, 2002
Xxxxxxx Government Securities Portfolio April 5, 2002
Xxxxxxx International Select Equity April 5, 2002
Portfolio
Date of Investment
Trust/Corporation Fund Management Agreement
----------------- ---- --------------------
Xxxxxxx Small Cap Growth Portfolio April 5, 2002
Xxxxxxx Investment Grade Bond Portfolio April 5, 2002
Xxxxxxx Contrarian Value Portfolio April 5, 2002
SVS Dreman Small Cap Value Portfolio April 5, 2002
SVS Focus Value+Growth Portfolio April 5, 2002
Xxxxxxx Blue Chip Portfolio April 5, 2002
Xxxxxxx Strategic Income Portfolio April 5, 2002
SVS Dreman High Return Equity Portfolio April 5, 2002
SVS Dreman Financial Services Portfolio April 5, 2002
Xxxxxxx Global Blue Chip Portfolio April 5, 2002
Xxxxxxx Aggressive Growth Portfolio April 5, 2002
Xxxxxxx Technology Growth Portfolio April 5, 2002
SVS Janus Growth Opportunities Portfolio April 5, 2002
SVS Janus Growth and Income Portfolio April 5, 2002
Date of Investment
Trust/Corporation Fund Management Agreement
----------------- ---- --------------------
SVS Eagle Focused Large Cap Growth April 5, 2002
Portfolio
SVS Invesco Dynamic Growth Portfolio April 5, 2002
SVS Xxxxxx Mid Cap Growth Portfolio April 5, 2002
SVS Oak Strategic Equity Portfolio April 5, 2002
SVS Xxxxx Venture Value Portfolio April 5, 2002
SVS MFS Strategic Value Portfolio May 1, 2002
Xxxxxxx High Income Trust April 5, 2002
Xxxxxxx Intermediate Government Trust April 5, 2002
Xxxxxxx Multi-Market Income Trust April 5, 2002
Xxxxxxx Municipal Income Trust April 5, 2002
Xxxxxxx Strategic Income Trust April 5, 2002
Xxxxxxx Strategic Municipal Income Trust April 5, 2002
Cash Account Trust Money Market Portfolio April 5, 2002
Government Securities Portfolio April 5, 2002
Tax-Exempt Portfolio April 5, 2002
Cash Equivalent Fund Money Market Portfolio April 5, 2002
Date of Investment
Trust/Corporation Fund Management Agreement
----------------- ---- --------------------
Government Securities Portfolio April 5, 2002
Tax-Exempt Portfolio April 5, 2002
Investors Cash Trust Government Securities Portfolio April 5, 2002
Treasury Portfolio April 5, 2002
Investors Municipal Cash Fund Investors Florida Municipal Cash Fund April 5, 2002
Investors Michigan Municipal Cash Fund April 5, 2002
Investors New Jersey Municipal Cash Fund April 5, 2002
Investors Pennsylvania Municipal Cash Fund April 5, 2002
Tax-Exempt New York Money Market Fund April 5, 2002
Tax-Exempt California Money April 5, 2002
Market Fund
Xxxxxxx Money Funds Xxxxxxx Money Market Fund April 5, 2002
Xxxxxxx Government Money Fund April 5, 2002
Xxxxxxx Tax-Exempt Money Fund April 5, 2002
Xxxxxxx YieldWise Funds Xxxxxxx YieldWise Money Fund April 5, 2002
Xxxxxxx YieldWise Government Money Fund April 5, 2002
Xxxxxxx YieldWise Municipal Money Fund April 5, 2002
Xxxxxxx Portfolios Xxxxxxx Cash Reserves Fund April 5, 2002