EXHIBIT h(2)(b)
AMENDMENT NO. 1
TO
MASTER ADMINISTRATIVE SERVICES AGREEMENT
The MASTER ADMINISTRATIVE SERVICES AGREEMENT (the "Agreement") dated
________________, 2003, by and between A I M ADVISORS, INC., a Delaware
corporation (the "Administrator") and AIM International Mutual Funds, a Delaware
statutory trust (the "Trust"), is hereby amended as follows:
Appendix A of the Agreement is hereby deleted in its entirety and
replaced with the following:
"APPENDIX A
FEE SCHEDULE TO
MASTER ADMINISTRATIVE SERVICES AGREEMENT
OF
AIM INTERNATIONAL MUTUAL FUNDS
PORTFOLIOS EFFECTIVE DATE OF AGREEMENT
---------- ---------------------------
AIM Asia Pacific Growth Fund [ , 2003]
AIM European Growth Fund [ , 2003]
AIM Global Aggressive Growth [ , 2003]
AIM Global Growth Fund [ , 2003]
AIM International Growth Fund [ , 2003]
AIM may receive reimbursement for costs or reasonable compensation for
such services as follows:
Annual Rate* Net Assets
------------ ----------
0.023% First $1.5 billion
0.013% Next $1.5 billion
0.003% Over $3 billion
*Annual minimum fee is $50,000. An additional $10,000 per class of
shares is charged for each class other than the initial class. The
$10,000 class fee is waived for any of the above Portfolios with
insufficient assets to result in the payment of more than the minimum
fee of $50,000.
1
PORTFOLIOS EFFECTIVE DATE OF AGREEMENT
---------- ---------------------------
INVESCO European Fund [ . 2003]
INVESCO International Core Equity Fund [ , 2003]
[The Trust shall pay the Administrator $10,000 per year per Portfolio
base fee, plus an additional fee, computed on a daily basis and paid on a
monthly basis. The additional fee to the Administrator under this Agreement
shall be computed at the annual rate of 0.045% of each of the above Portfolios
daily net assets as so determined.]"
All other terms and provisions of the Agreement not amended herein
shall remain in full force and effect.
Dated: , 2003
A I M ADVISORS, INC.
Attest: By:
------------------------------- --------------------------------
Assistant Secretary President
(SEAL)
AIM INTERNATIONAL MUTUAL FUNDS
Attest: By:
------------------------------- --------------------------------
Assistant Secretary President
(SEAL)
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