Exhibit 23(d)(ix)
ADDENDUM TO MANAGEMENT AGREEMENT
BETWEEN LORD XXXXXX INVESTMENT TRUST AND
LORD, XXXXXX & CO. LLC
DATED OCTOBER 20, 1993 (THE "AGREEMENT")
Effective April 1, 2004, Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Investment
Trust (the "Trust") on behalf of a series of the Trust, Balanced Series
("Series"), do hereby agree that the annual management fee rate for the Series
with respect to paragraph 2 of the Agreement shall be reduced from .75 of 1% of
the value of the Series' average daily net assets to .10 of 1% of the Series'
average daily net assets, provided that such management fee charged is based on
services provided that are in addition to, rather than duplicative of, services
provided pursuant to the advisory contract for any "acquired company." Since
Balanced Series (as an "acquiring company") is permitted to invest in shares of
another investment company (an "acquired company") that is in the same "group of
investment companies" as the Balanced Series, the terms quoted in this sentence
shall have the same meaning (which shall be incorporated by reference into this
addendum) as provided under Section 12(d)(1)(G) of the Investment Company Act of
1940, as amended (the "Act"). In addition, the parties hereby agree that the
repayment provisions pursuant to paragraph 5 of the Agreement shall not be
applicable to the Series.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Series.
LORD, XXXXXX & CO. LLC
By:
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Xxxx X. Xxxxxxx, Partner
LORD XXXXXX INVESTMENT TRUST
(on behalf of Balanced Series)
By:
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Xxxxxxxx X. Xxxxxx,
Vice President and Assistant Secretary
Dated: March 11, 2004
