SUPPLEMENT TO ADMINISTRATION AGREEMENT
Date: January 28, 1998
Endeavor Investment Advisers, a California general partnership (the
"Company"), hereby supplements its agreement with First Data Investors Services
Group, Inc., a Massachusetts corporation ("Investor Services Group"), as
follows:
1. Appointment. Pursuant to Section 1 of the Administration Agreement
dated as of March 28, 1991 ( the "Agreement"), the Company and Investor Services
Group hereby agree that the SELECT 50 PORTFOLIO, a new series of the Endeavor
Series Trust (the "Trust"), created and designated in accordance with the
Trust's Agreement and Declaration of Trust, shall be considered "Series" of the
Trust under the terms of the Agreement.
2. Compensation. The Company shall compensate Investor Services Group for
its services rendered to the Company in accordance with Amendment No. 5 to the
Agreement dated as of January 28, 1998.
Such fees do not include out-of-pocket disbursements of Investor
Services Group for which Investor Services Group shall be entitled to xxxx
separately. Out-of-pocket disbursements shall include, but shall not be limited
to the items specified in Schedule A to the Agreement, which Schedule may be
modified by Investor Services Group upon not less than thirty days' prior
written notice to the Company.
IN WITNESS WHEREOF, the parties here to have caused this instrument to
be duly executed and delivered by their duly authorized officers as of the date
first written above.
ENDEAVOR INVESTMENT ADVISERS
By: Endeavor Management Co.,
Managing General Partner
-------------------------
Title:
FIRST DATA INVESTOR SERVICES
GROUP, INC.
/s/ Xxxxxxx X. Xxxxxxx
Title: Executive Vice President &
General Counsel
ENDEAVOR SERIES TRUST
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Title:
EXHIBIT A
Out-of-Pocket Expenses
Administration Agreement
I. Out-of-pocket expenses include, but are not limited to, the following:
Postage (including overnight covering services) Telephone
Telecommunications charges (including FAX) Duplicating Pricing services
Forms and supplies
o Travel (including all expenses incurred in meeting with representatives
or Trustees of the Trust outside the City of Boston, Massachusetts)
