Exhibit h(26)
AGREEMENT made this 1st day of March 2002, by and between The Advisors' Inner
Circle Fund, a Massachusetts business trust (the "Trust"), and HGK Asset
Management, Inc. (the "Adviser")(together, the "Parties").
The Adviser hereby agrees to waive its fee and/or reimburse expenses to the
extent necessary to limit the total operating expenses at the following levels
for a period of one year from the date of the agreement for each of the
following funds:
FUND(S) TOTAL OPERATING EXPENSES
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HGK Mid Cap Value Fund 1.50%
HGK Equity Value Fund 1.50%
Trust acknowledges that the Adviser may engage in brokerage transactions using
Fund assets with brokers who agree to pay a portion of the Fund's expenses, and
that the Adviser's guarantee of Fund expense ratios takes into account these
expense-limiting arrangements. This Agreement shall be renewable at the end of
each one year period for an additional one year period upon the written
agreement of the Parties hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
as of the day and year first written above.
The Advisors' Inner Circle Fund HGK Asset Management, Inc.
By: /S/XXXXXXX XXXXXXX By: /S/ XXXX XXXXXX
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XXXXXXX XXXXXXX XXXX XXXXXX
