AMENDMENT NO. 5 TO SCHEDULE A
Terms used in the Schedule and not defined herein shall
have the meaning specified in the AMENDED AND RESTATED
SHAREHOLDERS' SERVICING AND TRANSFER AGENT AGREEMENT dated
July 1, 1991, and as amended from time to time (the
"Agreement"). Payments under the Agreement to CSC shall be
made in the first two weeks of the month following the month
in which a service is rendered or an expense incurred. This
Amendment No. 5 to Schedule A shall be effective as of March
1, 1996, and supersedes the original Schedule A and
Amendment Nos. 1, 2, 3 and 4 to Schedule A.
1. Each Fund that is a series of the Trust shall pay
CSC for the services to be provided by CSC under the
Agreement an amount equal to the sum of the following:
(a) The Fund's Share of CSC Compensation
PLUS
(b) The Fund's Allocated Share of CSC
Reimbursable Out-of-Pocket Expenses.
In addition, CSC shall be entitled to retain as additional
compensation for its services all CSC revenues for
Distributor Fees, fees for wire, telephone, redemption and
exchange orders, XXX trustee agent fees and account
transcripts due CSC from shareholders of any Fund and
interest (net of bank charges) earned with respect to
balances in the accounts referred to in paragraph 2 of the
Agreement.
2. All determinations hereunder shall be in
accordance with generally accepted accounting principles and
subject to audit by the Fund's independent accountants.
3. Definitions
"Allocated Share" for any month means that
percentage of CSC Reimbursable Out-of-Pocket
Expenses which would be allocated to the Fund for
such month in accordance with the methodology
described in Exhibit 1 hereto.
"CSC Reimbursable Out-of-Pocket Expenses"
means (i) out-of-pocket expenses incurred on
behalf of the Fund by CSC for stationery, forms,
postage and similar items, (ii) networking account
fees paid to dealer firms by CSC on shareholder
accounts established or maintained pursuant to the
National Securities Clearing Corporation's
networking system, which fees are approved by the
Trustees from time to time and (iii) fees paid by
CSC or its affiliates to third-party dealer firms
or transfer agents that maintain omnibus accounts
with a Fund in respect of expenses similar to
those referred to in clause (i) above, to the
extent the Trustees have approved the
reimbursement by the Fund of such fees.
"Distributor Fees" means the amount due CSC
pursuant to any agreement with the Fund's
principal underwriter for processing, accounting
and reporting services in connection with the sale
of shares of the Fund.
"Fund" means each of the open-end investment
companies advised by CMA that are series of the
Trusts which are parties to the Agreement.
"Fund's Share of CSC Compensation" for any
month means 1/12 of the following applicable
percentage of the average daily closing value of
the total net assets of such Fund for such month:
Equity Funds: Percent
------------ -------
The Colonial Fund 0.25
Colonial Growth Shares Fund
Colonial U.S. Fund for Growth
Colonial Global Equity Fund
Colonial Global Natural Resources Fund
Colonial Small Stock Fund
Colonial International Fund for Growth
Taxable Bond Funds:
Colonial U.S. Government Fund 0.18
Colonial Adjustable Rate U.S. Government Fund
Colonial Federal Securities Fund
Colonial Income Fund
Tax-Exempt Funds
Colonial Tax-Exempt Insured Fund 0.14
Colonial Tax-Exempt Fund
Colonial High Yield Municipal Fund
Colonial California Tax-Exempt Fund
Colonial Connecticut Tax-Exempt Fund
Colonial Florida Tax-Exempt Fund
Colonial Intermediate Tax-Exempt Fund
Colonial Massachusetts Tax-Exempt Fund
Colonial Michigan Tax-Exempt Fund
Colonial Minnesota Tax-Exempt Fund
Colonial New York Tax-Exempt Fund
Colonial North Carolina Tax-Exempt Fund
Colonial Ohio Tax-Exempt Fund
Colonial Short-Term Tax-Exempt Fund
Money Market Funds:
Colonial Government Money Market Fund 0.20
Colonial Municipal Money Market Fund
Others:
Colonial High Yield Securities Fund 0.25
Colonial Strategic Income Fund 0.20
Colonial Utilities Fund 0.20
Colonial Strategic Balanced Fund 0.25
Colonial Global Utilities Fund 0.20
Colonial Newport Tiger Fund 0.25
Agreed:
EACH TRUST ON BEHALF OF EACH FUND DESIGNATED
IN APPENDIX I FROM TIME TO TIME
By: XXXXXX X. XXXXX
---------------------------
Xxxxxx X. Xxxxx, Secretary
COLONIAL INVESTORS SERVICE CENTER, INC.
By: XXXX XXXXXXXX
------------------------------------
Xxxx XxXxxxxx, Senior Vice President
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: XXXXXX X. XXXXX
-----------------------------------------
Xxxxxx X. Xxxxx, Executive Vice President
EXHIBIT 1
METHODOLOGY OF ALLOCATING CSC
REIMBURSABLE OUT-OF-POCKET EXPENSES
1. CSC Reimbursable Out-of-Pocket Expenses are allocated
to the Colonial Funds as follows:
A. Identifiable Based on actual services
performed and invoiced to
a Fund.
B. Unidentifiable Allocation will be based
on three evenly weighted
factors.
- number of shareholder accounts
- number of transactions
- average assets
