EXHIBIT h(5)
September 12, 2001
Credit Suisse Warburg Pincus Trust
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
RE: CO-ADMINISTRATION SERVICE FEES
Ladies and Gentlemen:
This letter constitutes our agreement with respect to compensation to
be paid to PFPC Inc. ("PFPC") under the terms of a Co-Administration Agreement
dated June 20, 1995, between you (the "Trust") and PFPC, as amended. Pursuant to
Paragraph 11 of that Agreement, and in consideration of the services to be
provided to you, on behalf of the Blue Chip Portfolio, the High Yield Portfolio,
the Small Cap Value Portfolio and the Strategic Small Cap Portfolio (the
"Portfolios") you will pay PFPC an annual co-administration fee, to be
calculated daily and paid monthly. You will also reimburse PFPC for its
out-of-pocket expenses incurred on behalf of the Portfolios, including, but not
limited to: postage and handling, telephone, telex, FedEx and outside pricing
service charges.
The annual administration and accounting fee with respect to the Blue
Chip Portfolio, the Small Company Value Portfolio and the Small Company
Portfolio shall be 0.075% of the Portfolios' first $150 million in average daily
net assets, 0.06% of the next $150 million in average daily net assets and 0.05%
of average daily net assets over $300 million.
The annual administration and accounting fee with respect to the High
Yield Portfolio shall be 0.07% of the Portfolio's first $500 million in average
daily net assets, 0.06% of the next $1 billion in average daily net assets and
0.05% of average daily net assets over $1.5 billion.
The fee for the period from the day of the year this agreement is
entered into until the end of that year shall be pro-rated according to the
proportion which such period bears to the full annual period.
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: _____________________________________
Name:
Title:
Acceptance:
CREDIT SUISSE WARBURG PINCUS TRUST
By: /s/Xxx Xxxxxx
-------------
Name: Xxx Xxxxxx
Title: Vice President and Secretary
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