1
(d)(5)
July 27, 1999
Calamos Asset Management, Inc.
0000 X. Xxxxxxxxxxx Xx.
Xxxxxxxxxx, Xxxxxxxx 00000
Ladies and Gentlemen:
Management Agreement
Pursuant to paragraph 1(b) of the Management Agreement between Calamos
Investment Trust and Calamos Asset Management, Inc. dated July 5, 1988, we
hereby notify you that the board of trustees of Calamos Investment Trust has
established an additional Sub-Trust designated Calamos High Yield Fund, and has
appointed you as Manager to act as manager and investment adviser to that
Sub-Trust on the terms and conditions set forth in the Agreement, except that
the advisory fee schedule applicable to the Sub-Trust designated Calamos High
Yield Fund shall be 1/12 of .75% of monthly average net assets.
Very truly yours,
Calamos Investment Trust
By /s/ Xxxxx X. Xxxxxx, Xx.
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Xxxxx X. Xxxxxx, Xx.
Secretary
Appointment as Manager for the Sub-Trust designated Calamos High Yield
Fund accepted this 27th day of July, 1999.
By /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
President
