EXHIBIT (h)(12)
United States Trust Company of New York
000 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
March 31, 2000
Chase Global Funds Services Company
00 Xxxxxxx Xxxxxx
Xxxxxx, XX 00000-0000
Gentlemen:
United States Trust Company of New York ("U.S. Trust"), and Chase
Global Funds Services Company ("CGFSC"), are parties to an Amended and Restated
Mutual Funds Sub-Transfer Agency Agreement made as of July 31, 1998 (the
"Agreement"). Excelsior Funds, Inc. (the "Company") has retained U.S. Trust to
serve as the Company's transfer agent, registrar and dividend disbursing agent.
U.S. Trust, by way of the Agreement, has assigned its duties and obligations to
CGFSC.
The Company has established a class of shares for a new portfolio, the
Technology Fund (the "New Fund"). This letter shall serve as written notice that
U.S. Trust desires to retain CGFSC to serve as sub-transfer agent, sub-registrar
and sub-dividend disbursing agent under and in accordance with the terms of the
Agreement, whereupon the New Fund shall be subject to the provisions of the
Agreement to the same extent as the funds currently covered by the Agreement.
Please sign below to signify CGFSC's agreement to serve as sub-transfer
agent, sub-registrar and sub-dividend disbursing agent for each class and/or
series of common stock of the Company with respect to the New Fund for the
period and on the terms set forth in the Agreement.
Very truly yours,
UNITED STATES TRUST COMPANY OF NEW YORK
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
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Title: Executive Vice President
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Agreed to and Accepted intending
to be legally bound hereby
CHASE GLOBAL FUNDS SERVICES COMPANY
By: /s/ Xxxx Xxxxxxxx
----------------------
Name: ______________________
Title: ______________________
