July 28, 1999
American Express Bank International
0000 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxx, XX 00000
Ladies and Gentlemen:
This is to confirm our agreement that:
(3) Effective only from August 1, 1999, through December 31, 2000, in
Section 2(I)(a) of Schedule A to the Selling Agent Agreement made as of
June 1, 1990, by and between American Express Financial Advisors Inc.
(formerly IDS Financial Services Inc.) and American Express Bank
International, as subsequently amended (the "Selling Agent Agreement"),
".60%" shall replace ".50%";
(4) effective August 1, 1999, in Section 2(I)(a) of Schedule A to the
Selling Agent Agreement, ".40%" shall replace ".30%"; and
(5) the payment in August 1999 to American Express Bank International
pursuant to the Selling Agent Agreement shall also include a special
sales incentive fee of $52,000.
Please note that this is the fourth amendment to the Selling Agent Agreement or
a schedule thereto.
Very truly yours,
AMERICAN EXPRESS FINANCIAL ADVISORS INC.
By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx Xx Xxxxx
Print name: Xxxxx X. Xxxxx Print name: Xxxx Xx Xxxxx
Print title: VP - Assured Assets Print title: Assistant Secretary
Accepted and agreed to by
AMERICAN EXPRESS BANK INTERNATIONAL
By: /s/ Xxx X. Xxxxxxxx By: ________________________
Print name: Xxx X. Xxxxxxxx Print name:__________________
Print title: Senior Director Print
Date: 07/28/99 Date: ___________________
