ADMINISTRATION AGREEMENT
AGREEMENT dated as of November 1, 2003, between COLUMBIA FUNDS TRUST IV, a
Massachusetts business trust (the "Trust"), with respect to Columbia Municipal
Money Market Fund (the "Fund"), and COLUMBIA MANAGEMENT ADVISORS, INC., an
Oregon corporation (the "Administrator").
In consideration of the promises and covenants herein, the parties agree as
follows:
1. Subject to the general direction and control of the Board of Trustees of the
Trust, the Administrator shall perform such administrative services as may from
time to time be reasonably requested by the Trust, which shall include without
limitation: (a) providing office space, equipment and clerical personnel
necessary for maintaining the organization of the Fund and for performing the
administrative functions herein set forth; (b) arranging, if desired by the
Trust, for Directors, officers and employees of the Administrator to serve as
Trustees, officers or agents of the Fund if duly elected or appointed to such
positions and subject to their individual consent and to any limitations imposed
by law; (c) preparing and, if applicable, filing all documents required for
compliance by the Fund with applicable laws and regulations, including
registration statements, registration fee filings, semi-annual and annual
reports to shareholders, proxy statements and tax returns; (d) preparation of
agendas and supporting documents for and minutes of meetings of Trustees,
committees of Trustees and shareholders; (e) monitoring compliance by the Fund
with Rule 2a-7 under the Investment Company Act of 1940 ("1940 Act") and
reporting to the Trustees from time to time with respect thereto; (f) monitoring
the investments and operations of any open-end investment company in which the
Fund may invest and reporting to the Trustees from time to time with respect
thereto; (g) coordinating and overseeing the activities of the Fund's other
third-party service providers; and (h) maintaining books and records of the Fund
(exclusive of records required by Section 31(a) of the 1940 Act).
Notwithstanding the foregoing, the Administrator shall not be deemed to have
assumed any duties with respect to, and shall not be responsible for, the
management of the Fund's assets or the rendering of investment advice with
respect thereto, or of insuring that any investment company in which the Fund
may invest complies with Rule 2a-7 under the 1940 Act, nor shall the
Administrator be deemed to have assumed or have any responsibility with respect
to functions specifically assumed by any transfer agent or custodian of the
Fund.
2. The Administrator shall be free to render similar services to others so
long as its services hereunder are not impaired thereby.
3. The Fund shall pay the Administrator monthly a fee at the annual rate of
0.25% of the first $500 million of the average daily net assets of the
Fund, 0.20% of the next $500 million and 0.15% in excess of $1 billion.
4. This Agreement shall become effective as of the date of its execution, and
may be terminated without penalty by the Board of Trustees of the Trust or
by the Administrator, in each case on sixty days' written notice to the
other party.
5. This Agreement may be amended only by a writing signed by both parties.
6. In the absence of willful misfeasance, bad faith or gross negligence on the
part of the Administrator, or reckless disregard of its obligations and
duties hereunder, the Administrator shall not be subject to any liability
to the Trust or Fund, to any shareholder of the Trust or the Fund or to any
other person, firm or organization, for any act or omission in the course
of, or connected with, rendering services hereunder.
COLUMBIA FUNDS TRUST IV
on behalf of Columbia Municipal Money Market Fund
By: _____________________________
Xxxxxx X. Xxxxxxx
President
COLUMBIA MANAGEMENT ADVISORS, INC.
By: _____________________________
Xxxxxx X. Xxxxxxx
Executive Vice President and Chief Operating Officer
A copy of the document establishing the Trust is filed with the Secretary of The
Commonwealth of Massachusetts. This Agreement is executed by officers not as
individuals and is not binding upon any of the Trustees, officers or
shareholders of the Trust individually but only upon the assets of the Fund.
