AMENDED EXHIBIT A TO THE JULIUS BAER INVESTMENT FUNDS INVESTMENT ADVISORY AGREEMENT

                                                                     Ex - 99(d2)

                                                                    EXHIBIT (d2)
                                                                    ------------


                                AMENDED EXHIBIT A
                                     TO THE
                          XXXXXX XXXX INVESTMENT FUNDS
                          INVESTMENT ADVISORY AGREEMENT

         This Exhibit A dated as of October 2, 2002, as amended December 11,
2002, is Exhibit A to the Investment Advisory Agreement dated as of October 2,
2002, between Xxxxxx Xxxx Investment Management Inc. and Xxxxxx Xxxx Investment
Funds.



---------------------------------------- -------------------------------------- --------------------------------------
NAME OF FUND                             FEE (AS A PERCENTAGE OF                EFFECTIVE DATE OF
                                         NET ASSETS)                            AGREEMENT
---------------------------------------- -------------------------------------- --------------------------------------
                                                                                   
Global High Yield Bond Fund              .75%                                   November 1, 2002
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International Equity Fund                .90%                                   February 28, 2003
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Global Income Fund                       .65%                                   February 28, 2003
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