AMENDMENT NO. 18 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 Liberty Funds Services, Inc.
("LFS") (formerly "CSC" as defined in the Agreement) 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. 18 to Schedule A shall be effective as of
January 1, 2000, and supersedes the original Schedule A and Amendment Nos. 1, 2,
3, 4, 5, 6, 7,8, 9, 10, 11, 12, 13, 14, 15, 16 and 17 to Schedule A.
Each Fund that is a series of the Trust shall pay LFS for the services to be
provided by LFS under the Agreement an amount equal to the sum of the following:
1. The Fund's Share of LFS Compensation; PLUS
2. A transaction fee of $1.18 per Transaction occurring in Fund Accounts
during any month; PLUS
3. An account fee for Open Accounts of $4.00 per annum; PLUS
4. An account fee for Closed Accounts of $1.50 per annum; PLUS
5. The Fund's Allocated Share of LFS Reimbursable Out-of-Pocket Expenses.
In addition, LFS shall be entitled to retain as additional compensation for its
services all LFS revenues for Distributor Fees, fees for wire, telephone,
redemption and exchange orders, XXX trustee agent fees and account transcripts
due LFS 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.
Notwithstanding the foregoing, for the period ending October 14, 2000 with
respect to the Crabbe Huson Funds listed below (except the ending date shall be
December 22, 2000 for Crabbe Huson Special Fund), the fees payable for services
hereunder shall not exceed the greater of the amount determined as above or the
following amount (which represents the amount which would otherwise have been
payable by such Funds pursuant to Amendment 17 to Schedule A):
1. The applicable Crabbe Huson Fund's allocated Share of LFS Reimbursable
Out-of-Pocket Expenses; PLUS
2. The applicable Crabbe Huson Fund's Share of LFS Compensation for any
month, being 1/12 of the following applicable percentage of the average
daily closing value of the total net assets of such Fund for such month:
Fund Percent
Equity Funds: 0.236(1)
Crabbe Huson Small Cap Fund
Crabbe Huson Equity Fund
Crabbe Huson Real Estate Investment Fund
Crabbe Huson Managed Income & Equity Fund
Crabbe Huson Contrarian Fund
(1) 0.0025% with respect to the Class I shares of Crabbe Huson Small Cap Fund,
Crabbe Huson Equity Fund, and Crabbe Huson Managed Income & Equity Fund.
Taxable Bond Funds: 0.17(2)
Crabbe Huson Contrarian Income Fund
Tax-Exempt Funds 0.13
Crabbe Huson Oregon Tax-Free Fund
All determinations hereunder shall be in accordance with generally accepted
accounting principles and subject to audit by the Funds' independent
accountants.
Definitions
"Allocated Share" for any month means that percentage of LFS
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.
"Closed Account" is any account on the books of LFS representing
record ownership of shares of a Fund which as of the first day of
any calendar month has a share balance of zero and does not meet
account purge criteria. The Closed Account fee shall be payable on a
monthly basis, in an amount equal to 1/12 the per annum charge.
"LFS Reimbursable Out-of-Pocket Expenses" means (i) out-of-pocket
expenses incurred on behalf of the Fund by LFS for stationery,
forms, postage and similar items, (ii) networking account fees paid
to dealer firms by LFS 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 LFS 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 LFS 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 or
administered by CMA that are series of the Trusts which are parties
to the Agreement.
"Fund Accounts" means all Open Accounts and all Closed Accounts.
"Fund's Share of LFS Compensation" for any month means 1/12 of an
amount equal to .07 percent of the average daily closing value of
the total net assets of each Fund for such month.
"Open Accounts" is any account on the books of LFS representing
record ownership of shares of a Fund which as of the first day of
any calendar month has a share balance greater than zero. The Open
Account fee shall be payable on a monthly basis, in an amount equal
to 1/12 the per annum change.
(2) 0.0025% with respect to the Class I shares of Crabbe Huson Contrarian Income
Fund.
"Transaction": means any activity that has occurred relating to any
Fund Account, including all debits and credits to account balances
as well as maintenance and service activities performed with respect
to such Fund Account in any month.
Agreed:
EACH TRUST ON BEHALF OF EACH FUND DESIGNATED
IN APPENDIX I FROM TIME TO TIME
By: __________________________________________
Xxxxx X. Xxxxxx, Secretary
LIBERTY FUNDS SERVICES, INC.
By: ________________________________________
Xxxx X. XxXxxxxx, President
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: ________________________________________
Xxxxx X. Xxxxxx, Senior Vice President
EXHIBIT 1
METHODOLOGY OF ALLOCATING LFS
REIMBURSABLE OUT-OF-POCKET EXPENSES
1. LFS Reimbursable Out-of-Pocket Expenses are allocated to the 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
