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[PFPC LOGO]
Exhibit h(4)
Xxxxxxx X. Xxxxxx, Xx.
Director
Fund Accounting and Administration
February 1, 2001
Xx. Xxxxxxx Xxxxxxxxx
Director
Credit Suisse Asset Management
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Re: Revised Fee Schedule
Dear Xxxx,
This letter constitutes our agreement to amend the fees charged by PFPC Inc. to
the Warburg Pincus Funds/Credit Suisse Institutional Funds and the DLJ Funds
effective February 5, 2001 and February 1, 2001, respectively. The funds covered
by this agreement and their associated fee schedules are listed and described in
following attachments.
If the foregoing accurately sets forth our agreement, and you intend to be
legally bound thereby, please execute a copy of this letter and return it to us.
Very truly yours,
PFPC Inc.
By: /s/ Xxxxxxx X. Xxxxxx, Xx.
-------------------------------------
Name: Xxxxxxx X. Xxxxxx, Xx.
Title: Vice President
Accepted: Accepted:
Warburg Pincus Funds/Credit Suisse DLJ Funds
Institutional Funds
By: /s/ Xxxxxxx Xxxxxxxxx By: /s/ Xxxxx Xxxxxxxx
------------------------------------- --------------------------------
Name: Xxxxxxx Xxxxxxxxx Name: Xxxxx Xxxxxxxx
Title: Treasurer Title: Vice President
Attachments:
PFPC INC.
--------------------------------------------------------------------------------
400 Bellevue Parkway, Xxxxxxxxxx, XX 00000 - Tel 000-000-0000 - Fax 000-000-0000
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WARBURG PINCUS AND CREDIT SUISSE DOMESTIC EQUITY FUNDS
CURRENT FEE SCHEDULE - 02/05/2001
ACCOUNTING AND
ADMINISTRATION FEES
-------------------------------
Balanced Fund First $500 Million 7.5 BPS
Capital Appreciation Fund Next $1 Billion 6.5 BPS
Emerging Growth Fund Over $1.5 Billion 5.5 BPS
Focus Bond
INSTITUTIONAL FUND:
Warburg Pincus Post-Venture Portfolio
Small Company Growth Portfolio
Value Portfolio
Long-Short Market Neutral
Small Company Growth Fund
Small Company Value Fund
WARBURG PINCUS TRUST:
Emerging Growth Portfolio
Value Portfolio
Small Company Growth Portfolio
Institutional U.S. Core Equity Fund
Value Fund
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC for its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
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WARBURG PINCUS FIXED INCOME FUNDS
Current Fee Schedule - 02/05/2001
Accounting and
Administration Fees
----------------------------
First Income Fund First $150 Million 7 BPS
Global Fixed Income Fund Next $150 Million 6 BPS
High Yield Fund Over $300 Million 5 BPS
Intermediate Maturity Government Fund
Municipal Bond
New York Intermediate Municipal Fund
WARBURG PINCUS TRUST II:
Fixed Income Portfolio
Institutional U.S. Core Fixed Income Fund
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC or its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
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WARBURG PINCUS AND CREDIT SUISSE INTERNATIONAL EQUITY FUNDS
CURRENT FEE SCHEDULE - 02/05/2001
ACCOUNTING AND
ADMINISTRATION FEES
-------------------------------
Emerging Markets Fund First $500 Million 8 BPS
European Equity Next $1 Billion 7 BPS
Global Financial Services Over $1.5 Billion 6 BPS
Global Health Sciences Fund
Global New Technologies
Global Post-Venture Capital Fund
Global Telecommunications
INSTITUTIONAL FUND:
Emerging Markets Portfolio
International Equity Portfolio
International Equity Fund
Institutional International Growth Fund
International Small Company Fund
Japan Growth Fund
Japan Small Company Fund
Major Foreign Markets Fund
WARBURG PINCUS TRUST:
Emerging Markets Portfolio
Global Post Venture Capital Portfolio
International Equity Portfolio
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC for its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
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WARBURG PINCUS MONEY MARKET FUNDS
Current Fee Schedule - 02/05/2001
ACCOUNTING AND
ADMINISTRATION FEES
----------------------------
Cash Reserve Fund* First $500 Million 7 BPS
New York Tax Exempt Fund* Next $1 Billion 6 BPS
WorldPerks Money Market Fund** Over $1.5 Billion 5 BPS
WorldPerks Tax Exempt Money Market Fund**
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC or its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
*These funds will continue to pay BIMC an additional Six Basis Points for the
Sub-Advisory services provided by BIMC.
**From its Advisory Fees CSAM pays BIMC a fee of Six Basis Points.
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CREDIT SUISSE WARBURG PINCUS DOMESTIC EQUITY FUNDS
CURRENT FEE SCHEDULE - 02/01/2001
ACCOUNTING AND
ADMINISTRATION FEES
-------------------------------
Value First $500 Million 7.5 BPS
Blue Chip Next $1 Billion 6.5 BPS
Strategic Growth Over $1.5 Billion 5.5 BPS
Technology
Small Company Value
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC for its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
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CREDIT SUISSE WARBURG PINCUS FIXED INCOME FUNDS
CURRENT FEE SCHEDULE - 02/01/2001
ACCOUNTING AND
ADMINISTRATION FEES
-------------------------------
Fixed Income II Fund First $150 Million 7 BPS
Municipal Trust Next $150 Million 6 BPS
High Income Over $300 Million 5 BPS
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC for its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
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CREDIT SUISSE WARBURG PINCUS INTERNATIONAL EQUITY FUNDS
CURRENT FEE SCHEDULE - 02/01/2001
ACCOUNTING AND
ADMINISTRATION FEES
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International Equity II First $500 Million 8 BPS
Developing Markets Next $1 Billion 7 BPS
Over $1.5 Billion 6 BPS
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC for its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
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CREDIT SUISSE WARBURG PINCUS MONEY MARKET FUNDS
CURRENT FEE SCHEDULE - 02/01/2001
ACCOUNTING AND
ADMINISTRATION FEES
-------------------------------
U.S. Government Money First $500 Million 7 BPS
Municipal Money Next $1 Billion 6 BPS
Over $1.5 Billion 5 BPS
PFPC will waive its fee for a Portfolio in its entirety for any month in which
the Portfolio's average daily net assets are below $40 million for the first
thirty six months of operation.
The funds will also reimburse PFPC for its out-of-pocket expenses incurred on
behalf of the funds, including, but not limited to: postage and handling,
telephone, telex, FedEx and outside pricing service charges.
