EXHIBIT 9(b)
AMENDMENT TO ADMINISTRATION AGREEMENT
This Amendment dated as of June 16, 1998 (the "Amendment") is made to the
Administration Agreement, dated as of December 31, 1996 (the "Agreement")
between The FBR Family of Funds (the "Trust") and Bear Xxxxxxx Funds Management,
Inc. ("Bear Xxxxxxx").
The Trust and Bear Xxxxxxx agree that the Agreement shall, as of the date
first written above, be amended as follows:
1. Schedule 1 of the Agreement shall be deleted in its entirety and the
Schedule 1 attached hereto shall be substituted in its place.
In all other respects, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first written
above.
THE FBR FAMILY OF FUNDS
By:
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Title:
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BEAR XXXXXXX FUNDS MANAGEMENT, INC.
By:
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Title:
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SCHEDULE 1
Name of Series Annual Fees* Reapproval Date Reapproval Day
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FBR Financial Services Fund
FBR Small Cap Financial Services Fund
FBR Small Cap Value Fund
FBR Information Technologies Fund
FBR Realty Growth Fund
* As a Percentage of Average Daily Net Assets
