XXXXXXXX INTERNATIONAL MANAGEMENT COMPANY, L.P.
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
August 30, 1991
Xxxxxxxx, Ayer & Wood
Investment Trust
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
RE: Investment Advisory Agreement dated November 30, 1990 for Xxxxxxxx
International Fixed Income Fund
Dear Sir:
As we have previously discussed with you, it is contemplated that,
effective October 1, 1991, Xxxxxxxx, Ayer & Wood, Inc. ("Xxxxxxxx") will assign
the above-mentioned agreement to Xxxxxxxx International Management Company,
L.P., a Delaware limited partnership ("SIMCO"). Xxxxxxxx controls and manages
SIMCO as its general partner and owns substantially all of its outstanding
partnership interests.
Please be so kind as to indicate your consent to the foregoing assignment
in the space provided below.
Very truly yours,
XXXXXXXX, XXXX & XXXX, INC.
By: /s/ X. Xxxx Xxxxxxx
-----------------------
X. Xxxx Xxxxxxx
Managing Director
ACKNOWLEDGED AND ACCEPTED:
XXXXXXXX, AYER & WOOD INVESTMENT
TRUST
By: /s/ Xxxxxxx X. Xxxx
-------------------------------
Xxxxxxx X. Xxxx, President
The undersigned, Xxxxxxxx International Management Company, L.P., hereby
assumes all of the obligations and duties of Xxxxxxxx, Ayer & Wood, Inc., under
the abo e-mentioned agreement.
XXXXXXXX INTERNATIONAL
MANAGEMENT
BY: Xxxxxxxx, Ayer & Wood, Inc.
General Partner
By: /s/ X. Xxxx Xxxxxxx
----------------------------
X. Xxxx Xxxxxxx
Managing Director
