EXHIBIT (h)(7)
First Amendment to Transfer Agent
Servicing Agreement
WHEREAS, the Hotchkis and Wiley Funds ( the "Funds") and U.S. Bancorp Fund
Services, LLC ("USBFS") entered into a transfer agent servicing agreement (the
"Agreement") dated the 19th of October, 2001;
WHEREAS, the Funds and USBFS desire to amend the Agreement to reflect certain
regulatory changes since the Agreement was initially executed as further
detailed below:
NOW THEREFORE, the parties agree that the following paragraph u be added to the
end of Section two (2) of the Agreement and the following sentence be added to
the end of the paragraph of Section seven (7) of the Agreement:
"u. Establish, maintain and monitor shareholder accounts consistent with
the anti-money laundering rules and regulations applicable to mutual
funds, including the USA PATRIOT Act of 2001, and provide to the Funds'
Anti-Money Laundering Compliance Officer copies of its anti-money
laundering procedures.'
"Further, federal examiners shall have access to information and records
relating to anti-money laundering activities performed by USBFS hereunder
and USBFS consents to any inspection authorized by law or regulation in
connection thereof."
Dated this 24th day of July, 2002
Hotckis and Wiley Funds U.S. Bancorp Fund Services, LLC
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxx
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Attest: /s/ Xxxx Xxxxx Xxxxx Attest: /signature/
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