Exhibit (9)(ac)
ADDENDUM NO. 3 TO THE CO-ADMINISTRATION AGREEMENT
This Addendum, dated as of the day of , 1997,
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is entered into among Portico Funds, Inc. (the "Company"), a
Wisconsin corporation, Firstar Trust Company, a Wisconsin
corporation ("Firstar"), and X.X. Xxxxxxx and Company, a
Wisconsin corporation ("BCZ").
WHEREAS, the Company, Firstar and BCZ have entered into a
Co-Administration Agreement dated as of January 1, 1995 and
amended as of August 1, 1995 (the "Co-Administration Agreement"),
pursuant to which the Company appointed Firstar and BCZ to
provide certain co-administrative services to the Company for its
Money Market Fund, Tax-Exempt Money Market Fund, Growth and
Income Fund, Short-Term Bond Market Fund, Bond IMMDEXTM Fund,
Special Growth Fund, U.S. Government Money Market Fund, Equity
Index Fund, Institutional Money Market Fund, U.S. Treasury Money
Market Fund, Balanced Fund, MidCore Growth Fund, Intermediate
Bond Market Fund, Tax-Exempt Intermediate Bond Fund,
International Equity Fund, MicroCap Fund, and any other Portico
Funds that may be contemplated (collectively, the "Funds");
WHEREAS, the Company is establishing one additional
investment portfolio to be known as the Emerging Growth Fund and
desires to retain Firstar and BCZ to act as the co-administrators
under the Co-Administration Agreement; and
WHEREAS, Firstar and BCZ are willing to serve as co-
administrators for the Emerging Growth Fund;
NOW THEREFORE, the parties hereto, intending to be legally
bound, hereby agree as follows:
1. Appointment. The Company hereby appoints Firstar and
BCZ to act as co-administrators to the Company for the Emerging
Growth Fund for the period and the terms set forth herein and in
the Co-Administration Agreement. Firstar and BCZ hereby accept
such appointment and agree to render the services set forth
herein and in the Co-Administration Agreement, for the
compensation herein provided.
2. Compensation. For the services provided and the
expenses assumed with respect to the Emerging Growth Fund and the
other Funds pursuant to the Co-Administration Agreement and this
Addendum, the Company will pay Firstar and BCZ, and Firstar and
BCZ will accept as full compensation therefor, a fee, computed
daily and payable monthly, at the annual rate of .125% of the
Funds' first $2 billion of average aggregate daily net assets,
plus 0.10% of the Funds' average aggregate daily net assets in
excess of $2 billion. Such fee as is attributable to the
Emerging Growth Fund shall be a separate charge to such Fund and
shall be the obligation of the Emerging Growth Fund.
3. Miscellaneous. Except to the extent supplemented
hereby, the Co-Administration Agreement shall remain unchanged
and in full force and effect and is hereby ratified and confirmed
in all respects as supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this
Addendum as of the date and year first above written.
PORTICO FUNDS, INC.
By:
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Title:
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FIRSTAR TRUST COMPANY
By:
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Title:
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X.X. XXXXXXX AND COMPANY
By:
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Title:
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