AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
This is an Amendment to the Investment Advisory Agreement made and entered
into between INVESCO International Funds, Inc. a Maryland corporation (the
"Fund") and INVESCO Funds Group, Inc., a Delaware corporation (the "Adviser") as
of the day of 28th of February, 1997 (the "Agreement").
WHEREAS, the Fund and the Adviser are affiliated companies; and
WHEREAS, the Fund desires to add additional breakpoints to the existing
the advisory fees that it pays to the Adviser for the management of the Fund's
separate portfolios of investments, the INVESCO European Fund, the INVESCO
Pacific Basin Fund, the INVESCO International Growth Fund, the INVESCO Emerging
Markets Fund and the INVESCO International Blue Chip Fund (each a "Portfolio");
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained in the Agreement, it is agreed that the first paragraph of the
provisions in paragraph 4 of the Agreement entitled "Compensation of the
Adviser" is hereby amended to read as follows:
For the services rendered and the charges and expenses to be assumed
by the Adviser hereunder, the Fund shall pay to the Adviser an advisory
fee which will be computed on a daily basis and paid as of the last day of
each month, using for each daily calculation the most recently determined
net asset value of each Portfolio of the Fund, as determined by valuations
made in accordance with the Fund's procedure for calculating the
Portfolios' net asset value as described in the Fund's Prospectus and/or
Statement of Additional Information. On an annual basis, the advisory fee
applicable to each of the Funds shall be as follows:
(a) INVESCO European Fund and INVESCO Pacific Basin Fund: 0.75% of the
first $350 million of each Portfolio's average net assets, 0.65% of
the next $350 million of each Portfolio's average net assets, 0.55% of
each Portfolio's average net assets from $700 million, 0.45% of each
Portfolio's average net assets from $2 billion, 0.40% of each
Portfolio's average net assets from $4 billion, 0.375% of each
Portfolio's average net assets from $6 billion, and 0.35% of each
Portfolio's average net assets over $8 billion.
(b) INVESCO International Growth Fund: 1.00% of the first $500 million
of the Portfolio's average net assets, 0.75% of the next $500 million
of the Portfolio's average net assets, 0.65% of the Portfolio's
average net assets from $1 billion, 0.45% of the Portfolio's average
net assets from $2 billion, 0.40% of the Portfolio's average net
assets from $4 billion, 0.375% of the Portfolio's average net assets
from $6 billion, and 0.35% of the Portfolio's average net assets over
$8 billion.
(c) INVESCO International Blue Chip Growth Fund: 0.75% of the first
$500 million of the Portfolio's average net assets, 0.65% of the next
$500 million of the Portfolio's average net assets, 0.55% of the
Portfolio's average net assets from $1 billion, 0.45% of the
Portfolio's average net assets from $2 billion, 0.40% of the
Portfolio's average net assets from $4 billion, 0.375% of the
Portfolio's average net assets from $6 billion, and 0.35% of the
Portfolio's average net assets over $8 billion.
(d) INVESCO Emerging Markets Fund: 1.00% of the first $500 million of
the Portfolio's average net assets, 0.85% of the next $500 million of
the Portfolio's average net assets, 0.75% of the Portfolio's average
net assets from $1 billion, 0.45% of the Portfolio's average net
assets from $2 billion, 0.40% of the Portfolio's average net assets
from $4 billion, 0.375% of the Portfolio's average net assets from $6
billion, and 0.35% of the Portfolio's average net assets over $8
billion.
IN WITNESS WHEREOF, the parties have executed this Agreement effective as of
the 13th day of May, 1999.
INVESCO INTERNATIONAL FUNDS, INC.,
By: /s/ Xxxx X. Xxxxxxxxxx
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Xxxx X. Xxxxxxxxxx, President
Attest:
By: /s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx, Secretary
INVESCO SPECIALTY FUNDS, INC.,
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx, Treasurer
& Chief Financial & Accounting
Officer
Attest:
By: /s/ Xxxx X. Xxxxx
------------------
Xxxx X. Xxxxx, Secretary
