Exhibit h(2)(a)
AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT
This is an Amendment to the Administrative Services Agreement made and
entered into between INVESCO Funds Group, Inc., a Delaware corporation
("INVESCO"), and INVESCO Multiple Asset Funds, Inc., a Maryland corporation (the
"Fund") as of the 28th day of February, 1997 (the "Agreement").
WHEREAS, effective as of September 10, 1998, the Fund has changed its name
to "INVESCO Flexible Funds, Inc.;" and
WHEREAS, effective as of October 29, 1998, the Fund has changed its name
to "INVESCO Combination Stock & Bond Funds, Inc."; and
WHEREAS, the Fund is engaged in business as an open-end management
investment company, is registered as such under the Investment Company Act of
1940, as amended (the "Act"), and is authorized to issue shares representing
interests in separate portfolios of investments (the "Portfolios"); and
WHEREAS, the Fund and INVESCO are affiliated companies; and
WHEREAS, the Fund desires to amend the amount of payment that it pays to
INVESCO for certain administrative, sub-accounting and recordkeeping services as
described in the Agreement;
NOW, THEREFORE, the name of the Fund is "INVESCO Combination Stock &
Bond Funds, Inc."; and
The Fund is authorized to issue shares representing interests in the
following separate Portfolios: (1) INVESCO Balanced Fund, and (2) INVESCO
Multi-Asset Allocation Fund, and
In consideration of the premises and mutual covenants contained in the
Agreement, it is agreed that paragraph 5 of the Agreement is hereby amended to
read as follows:
For the services rendered, facilities furnished, and expenses
assumed by INVESCO under this Agreement, the Fund shall pay to INVESCO a
$10,000 per year per Portfolio base fee, plus an additional fee, computed
on a daily basis and paid on a monthly basis. For purposes of each daily
calculation of this additional fee, the most recently determined net asset
value of each Portfolio, as determined by a valuation made in accordance
with the Fund's procedure for calculating each Portfolio's net asset value
as described in the Portfolios' Prospectus and/or Statement of Additional
Information, shall be used. The additional fee to INVESCO under this
Agreement shall be computed at the annual rate of 0.045% of each
Portfolio's daily net assets as so determined. During any period when the
determination of a Portfolio's net asset value is suspended by the
directors of the Fund, the net asset value of a share of that Portfolio as
of the last business day prior to such suspension shall, for the purpose
of this Paragraph 5, be deemed to be the net asset value at the close of
each succeeding business day until it is again determined.
IN WITNESS WHEREOF, the parties have executed this Agreement effective as of
the 13th day of May, 1999.
INVESCO FUNDS GROUP, INC.
By: /s/ Xxxx X. Xxxxxxxxxx
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Xxxx X. Xxxxxxxxxx
President
ATTEST:
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx
Secretary
INVESCO MULTIPLE ASSET FUNDS, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Treasurer & Chief Financial
Officer & Accounting Officer
ATTEST:
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx
Secretary
