[NEW ENGLAND FUNDS(R) LETTERHEAD]
May 9, 1997
New England Funds Trust I
New England Star Advisers Fund
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Re: Star Advisers Fund Advisory Agreement Addendum
Dear Sir:
The Advisory Agreement dated August 30, 1996 between New England Funds Trust I
("the Fund") with respect to its New England Star Advisers Fund ("the Series")
and New England Funds Management, L.P. ("the Manager") is hereby amended by
deleting section 7 and replacing it with the following:
7. As full compensation for all services rendered, facilities furnished and
expenses borne by the Manager hereunder, the Fund shall pay the Manager
compensation at the annual rate of 1.05% of the first $1 billion of the average
daily net assets of the Series, and 1.00% of such assets in excess of 1 billion
(or such lesser amount as the Manager may from time to time agree to receive).
Such compensation shall be payable monthly in arrears or at such other
intervals, not less frequently than quarterly, as the Board of Trustees of the
Fund may from time to time determine and specify in writing to the Manager. The
Manager hereby acknowledges that the Fund's obligation to pay such compensation
is binding only on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please
sign below where indicated.
Sincerely,
/s/ Xxxxxx X. X'Xxxx
Xxxxxx X. X'Xxxx
Assistant Secretary
New England Funds Management, L.P.
ACCEPTED AND AGREED TO:
New England Funds Trust I for
New England Star Advisers Fund
By: /s/ XXXXX XXXXXX
----------------------
Xxxxx Xxxxxx
Title: Treasurer
Date: May 9, 1997
