EXHIBIT 4(b)
XXXXXXX AGGRESSIVE GROWTH FUND
A Portfolio of The Xxxxxxx Funds, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
August ___, 2001
Xxxxxxx Investment Management L.L.C.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
INVESTMENT ADVISORY AGREEMENT SUPPLEMENT
Dear Sirs:
This will confirm the agreement between The Xxxxxxx Funds, Inc. (the
"Company") and Xxxxxxx Investment Management L.L.C. (the "Investment Adviser")
as follows:
Xxxxxxx Aggressive Growth Fund (the "Portfolio") is a Portfolio of the
Company, which has been organized as a corporation under the laws of the State
of Maryland and is an open-end management investment company. The Company and
the Investment Adviser have entered into an Investment Advisory Agreement, dated
January 1, 1996 (as from time to time amended and supplemented, the "Investment
Advisory Agreement"), pursuant to which the Investment Adviser has undertaken to
provide or make provision for the Company for certain investment advisory and
management services identified therein and to provide certain other services, as
more fully set forth therein. Certain capitalized terms used without definition
in this Investment Advisory Agreement Supplement have the meaning specified in
the Investment Advisory Agreement.
The Company agrees with the Investment Adviser as follows:
1. ADOPTION OF INVESTMENT ADVISORY AGREEMENT. The Investment Advisory
Agreement is hereby adopted for the Portfolio. The Portfolio shall be one of the
"Portfolios" referred to in the Investment Advisory Agreement; and its shares
shall be those of one Portfolio of shares of the Company as referred to therein.
2. PAYMENT OF FEES. For all services to be rendered, facilities furnished
and expenses paid or assumed by the Investment Adviser as provided in the
Investment Advisory Agreement and herein, the Portfolio shall pay the Investment
Adviser a monthly fee on the first business day of each month, based upon the
average daily value (as determined on each business day at the time set forth in
the Prospectus for determining net asset value per share) of the net assets of
the Portfolio during the preceding month, at the annual rate of 1.25% except as
may be modified by Paragraph 5 of the Investment Advisory Agreement.
If the foregoing correctly sets forth the agreement between the Company and
the Investment Adviser, please so indicate by signing and returning to the
Company the enclosed copy hereof.
Very truly yours,
XXXXXXX AGGRESSIVE GROWTH FUND
A Portfolio of The Xxxxxxx Funds, Inc.
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Name:
Title:
The foregoing Agreement is hereby agreed to as of the date hereof:
XXXXXXX INVESTMENT MANAGEMENT L.L.C.
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Name:
Title:
