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EXHIBIT h(12)(b)
AMENDMENT NUMBER 1 TO THE TRANSFER AGENCY
AND SERVICE AGREEMENT
This Amendment, dated as of March 13, 2000, is made to the Transfer Agency and
Service Agreement dated April 29, 1999 (the "Agreement"), between AIM Summit
Fund, Inc. (the "Fund") and A I M Fund Services, Inc. (the "Transfer Agent")
pursuant to Article 10 of the Agreement.
WHEREAS, the Fund on behalf of Class I Shares desires to appoint the Transfer
Agent as its transfer agent, and agent in connection with certain other
activities, with respect to the Class, and the Transfer Agent desires to accept
such appointment.
Sections 1.01 and 2.04 of the Agreement are hereby deleted in their entirety and
replaced with the following:
"1.01 Subject to the terms and conditions set forth in this
Agreement, the Fund hereby employs and appoints the Transfer Agent to
act as, and the Transfer Agent agrees to act as, its transfer agent for
the authorized and issued Class I and Class II Shares of common stock
of the Fund representing interests of the Fund ("Shares"), dividend
disbursing agent, and paying agent in connection with any accumulation
or similar plans provided to shareholders of the Class (the
"Shareholders"), including without limitation any periodic investment
plan or periodic withdrawal program, as provided in the currently
effective prospectus and statement of additional information (the
"Prospectus") of the Fund, AIM Summit Investors Plans I or AIM Summit
Investors Plans II, both unit investment trusts.
"2.04 The Transfer Agent shall pay unless and until instructed
by the Fund to the contrary, those fees and account maintenance charges
of State Street Bank and Trust Company set forth on Schedule B hereto
which may be amended from time to time by the Fund with the approval of
its Board of Directors."
The term "Class" used in the Agreement shall mean each of the Class I and Class
II shares of the Fund.
Item 1 of Schedule A of the Agreement is hereby deleted in its entirety and
replaced with the following:
"1. For performance by the Transfer Agent pursuant to this
Agreement, the Fund agrees on behalf of the Class to pay the
Transfer Agent an annualized fee for shareholder accounts that
are open during any monthly period as set forth below, and an
annualized fee of $.70 per shareholder account that is closed
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during any monthly period. Both fees shall be billed by the
Transfer Agent monthly in arrears on a prorated basis of 1/12
of the annualized fee for all such accounts.
Per Account Fee
Fund Type Annualized
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Class I Shares $15.15
Class II Shares $15.15"
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
AIM SUMMIT FUND, INC.
By: /s/ XXXXXX X. XXXXXX
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President
ATTEST:
/s/ XXXXXXX X. XXXXX
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Assistant Secretary
A I M FUND SERVICES, INC.
By: /s/ XXXX XXXXXXXX
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President
ATTEST:
/s/ XXXXXXX X. XXXXX
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Assistant Secretary
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SCHEDULE B
Fees payable to State Street Bank and Trust Company
The following fees and charges will be deducted from the Fund, Plans or
from Planholder accounts and paid to the Custodian in accordance with the terms
of the Prospectus.
General
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Account Services fees are based on an annual per shareholder account
charge for account maintenance plus transaction and out-of-pocket expenses.
There is a minimum charge of $1,500 per month. Fees are billable on a monthly
basis at the rate of 1/12 of the annual fee. A charge is made for an account in
the month that an account opens or closes.
Annual Account Service Fees
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Open Account - active $19.00/year (1)
Activity Based Fees
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Telephone Calls $ 2.50/each (1)
Correspondence $ 3.00/each (1)
New Account and Setup Kits $ 2.50/each (1)
Planholder Fees
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XXX Annual Maintenance (3) $10.00/year
Bounced Checks $ 5.00/each
Transcripts $ 5.00/each year researched
Terminations $ 2.50/each
Inactive Accounts (2) $12.00/year
Out-of-Pocket Expenses (1)
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Out-of-Pocket expenses include but are not limited to: Confirmation
statements, checks, postage, forms, telephone, microfilm, microfiche, year-end
forms and expenses incurred at the specific direction of A I M Distributors,
Inc.
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(1) These are fees that the Fund has voluntarily elected to pay to the
Custodian on behalf of the Plans.
(2) A Plan that is not current and to which no investments have been made for
a 12-month period but does not include completed plans. This fee will be
paid annually to the Sponsor or its designee.
(3) The Custodian will receive $6.00 and A I M Distributors, Inc. will
receive $4.00.
