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EXHIBIT 5(g)
INVESTMENT ADVISORY AGREEMENT AMENDMENT
This Amendment made and entered into as of November 30, 1992 amends
the Investment Advisory Agreement dated September 1, 1990, as amended June 28,
1991 (the "Advisory Agreement"), by and between Asset Management Fund for
Financial Institutions, Inc., a Maryland corporation (the "Fund"), and Shay
Assets Management Co., an Illinois general partnership (the "Adviser").
W I T N E S S E T H:
WHEREAS, the Fund is an open-end diversified investment company
registered under the Investment Company Act of 1940, as amended; and
WHEREAS, the Fund desires to amend the method of computing the
advisory fees for the Adjustable Rate Mortgage (ARM) Portfolio to be paid to
the Adviser by the Fund by incorporating breakpoints into the fee structure;
NOW, THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. Compensation. Paragraph 7 of the Advisory Agreement is
amended with respect to the Adjustable Rate Mortgage (ARM) Portfolio as
follows:
For the services provided and expenses borne pursuant to this
Agreement with respect to the Adjustable Rate Mortgage (ARM)
Portfolio, the Fund shall
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pay the Adviser compensation based on an annual percentage of the
average daily net assets of the ARM Portfolio as follows:
0.45% on the first $3 billion
0.35% of the next $2 billion
0.25% in excess of $5 billion
IN WITNESS WHEREOF, the parties hereto have executed and delivered
this Amendment as of November 30, 1992.
ASSET MANAGEMENT FUND FOR
FINANCIAL INSTITUTIONS, INC.
By:/s/
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Its:President
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ATTEST:
By:/s/
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Its:Secretary
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SHAY ASSETS MANAGEMENT CO.
By: /s/
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Its:
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ATTEST:
By:/s/
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Its:Counsel
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