PRICING AND BOOKKEEPING AGREEMENT
AGREEMENT dated as of January 25, 1999 between Colonial Trust IV, a
Massachusetts Business Trust (Trust), on behalf of each of Colonial Counselor
Selectsm Income Portfolio, Colonial Counselor Selectsm Balanced Portfolio and
Colonial Counselor Selectsm Growth Portfolio (collectively the "Portfolios"),
and Colonial Management Associates, Inc. (Colonial), a Massachusetts
corporation.
The Trust and Colonial agree as follows:
1. Appointment. The Trust on behalf of each of the Portfolios appoint
Colonial as agent to perform the services described below, effective on the date
hereof.
2. Services. Colonial shall (i) determine and timely communicate to
persons designated by the Trust each Portfolio's net asset values and offering
prices per Share in accordance with the applicable provisions of the Trust's
Registration Statement on Form N-1A; and (ii) maintain and preserve in a secure
manner the accounting records of the Portfolios, including all such accounting
records as the Portfolios are obligated to maintain and preserve under the
Investment Company Act of 1940 and the rules thereunder, applicable federal and
state tax laws and any other applicable laws, rules and regulations. All records
shall be the property of the Trust. Colonial will provide disaster planning to
minimize possible service interruption.
3. Audit, Use and Inspection. Colonial shall make available on its
premises during regular business hours all records of the Portfolios for
reasonable audit, use and inspection by the Trust, its agents and any regulatory
agency having authority over the Portfolios.
4. Compensation. The Trust on behalf of each of the Portfolios will pay
Colonial a monthly fee of $300 per Portfolio, plus a monthly percentage fee on
the average daily net assets of the Portfolio for the month in excess of $50
million at the following annual rates: 0.035% on the next $950 million; 0.025%
on the next $1 billion; 0.015% on the next $1 billion; and 0.001% on the excess
over $3 billion.
5. Compliance. Colonial shall comply with applicable provisions
relating to pricing and bookkeeping of the prospectus and statement of
additional information of the Trust relating to the Portfolios and applicable
laws and rules in the provision of services under this Agreement.
6. Limitation of Liability. In the absence of willful misfeasance, bad
faith or gross negligence on the part of Colonial, or reckless disregard of its
obligations and duties hereunder, Colonial shall not be subject to any liability
to the Trust or any of the Portfolios, to any shareholder of the Trust or the
Portfolios or to any other person, firm or organization, for any act or omission
in the course of, or connected with, rendering services hereunder.
7. Amendments. The Trust shall submit to Colonial a reasonable time in
advance of filing with the Securities and Exchange Commission copies of any
changes in the Trust's Registration Statement relating to the Portfolios. If a
change in documents or procedures materially increases the cost to Colonial of
performing its obligations, Colonial shall be entitled to receive reasonable
additional compensation.
8. Duration and Termination, etc. This Agreement may be changed only by
writing executed by each party. This Agreement: (a) shall continue in effect
from year to year so long as approved annually by vote of a majority of the
Trustees of the Trust who are not affiliated with Colonial; (b) may be
terminated at any time without penalty by sixty days' written notice to either
party; and (c) may be terminated at any time for cause by either party if such
cause remains unremedied for a reasonable period not to exceed ninety days after
receipt of written specification of such cause. Paragraph 6 of this Agreement
shall survive termination. If the Trust designates a successor to any of
Colonial's obligations, Colonial shall, at the expense and direction of the
Trust, transfer to the successor all Trust records maintained by Colonial.
9. Miscellaneous. This Agreement shall be governed by the laws of The
Commonwealth of Massachusetts.
IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the day and year first above.
COLONIAL COUNSELOR SELECT INCOME PORTFOLIO
COLONIAL COUNSELOR SELECT BALANCED PORTFOLIO
COLONIAL COUNSELOR SELECT GROWTH PORTFOLIO
BY: COLONIAL TRUST IV
By: J. Xxxxx Xxxxxxxxxxx
Title: Controller
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: Xxxxx X. Xxxxxx
Title: Senior Vice President
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 Portfolio.
