EXHIBIT H(4)(ii)
EXPENSE LIMITATION AGREEMENT
This EXPENSE LIMITATION AGREEMENT is made as of the 31st day of OCTOBER,
2000 by and between XXXXXX XXXXXXXX INVESTMENT TRUST, a Delaware business trust
(the "Trust") and DEUTSCHE ASSET MANAGEMENT, INC., a Delaware corporation (the
"Adviser"), with respect to the following:
WHEREAS, the Adviser serves as Investment Adviser to the Trust's series set
forth on Exhibit A pursuant to Management Contracts dated December 28, 1994 and
an Investment Management Contract dated January 30, 1998, and the Adviser serves
as the Trust's Administrator pursuant to an Administration Agreement dated
August 27, 1998 (collectively, the "Agreements").
NOW, in consideration of the mutual covenants herein contained and other
good and valuable consideration, the receipt whereof is hereby acknowledged, the
parties hereto agree as follows:
1. The Adviser agrees to waive its fees and reimburse expenses for the
period from October 31, 2000 to March 1, 2002 to the extent necessary
so that the total annual operating expenses for each of the Trust's
series set forth on Exhibit A (each a "Fund") do not exceed the
percentage of average daily net assets set forth on Exhibit A.
2. Upon the termination of any of the Agreements, this Agreement shall
automatically terminate.
3. Any question of interpretation of any term or provision of this
Agreement having a counterpart in or otherwise derived from a term or
provision of the Investment Company Act of 1940, as amended (the "1940
Act") shall be resolved by reference to such term or provision of the
1940 Act and to interpretations thereof, if any, by the United States
Courts or in the absence of any controlling decision of any such court,
by rules, regulations or orders of the Securities and Exchange
Commission ("SEC") issued pursuant to said Act. In addition, where the
effect of a requirement of the 1940 Act reflected in any provision of
this Agreement is revised by rule, regulation or order of the SEC, such
provision shall be deemed to incorporate the effect of such rule,
regulation or order. Otherwise the provisions of this Agreement shall
be interpreted in accordance with the laws of Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed in duplicate by their respective officers as of the day and year
first above written.
XXXXXX XXXXXXXX INVESTMENT TRUST
Attest:________________ By: ________________________
Name: Xxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx
Title: Secretary
DEUTSCHE ASSET MANAGEMENT, INC.
Attest: _______________ By: ________________________
Name: Xxx X. Xxxxxx Name:
Title:
Exhibit A
Total Fund Operating Expenses
Fund (as a percentage of average daily net assets)
---- ---------------------------------------------
Fixed Income - Investment Class Fund 0.80%
Fixed Income - Institutional Class Fund 0.55%
Short-Term Fixed Income Fund - Institutional Class 0.55%
Municipal Bond Fund- Investment Class 0.79%
Municipal Bond Fund- Institutional Class 0.55%
Short-Term Municipal Bond Fund - Investment Class 0.80%
Short-Term Municipal Bond Fund - Institutional Class 0.55%
High Yield Bond Fund - Investment Class 0.90%
High Yield Bond Fund - Institutional Class 0.65%
High Yield Bond Fund - Premier Class 0.50%
Smaller Companies Fund - Investment Class 1.50%
Smaller Companies Fund - Institutional Class 1.25%
European Equity Fund - Investment Class 1.50%
European Equity Fund - Institutional Class 1.25%
European Equity Fund - Premier Class 0.95%
European Equity Fund - Class A Shares 1.50%
European Equity Fund - Class B Shares 2.25%
European Equity Fund - Class C Shares 2.25%
