Exhibit 23(h)(ii)
December 13, 1999
The Board of Trustees
Century Capital Management Trust
Xxx Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Re: Fee Waiver
Gentlemen:
Century Capital Management, Inc. herewith confirms our agreement with
you as follows:
1. Pursuant to an Investment Advisory and Management Services Agreement
dated as of December 13, 1999 (the "Advisory Agreement"), you have employed us
to manage the investment and reinvestment of the assets of Century Small Cap
Select Fund (the "Fund"), your only authorized series.
2. We hereby agree that, notwithstanding any provision to the contrary
contained in the Advisory Agreement, we shall limit, by waiver of the fees
payable to us pursuant to the Advisory Agreement or reimbursement, the aggregate
expenses of every character incurred by you, excluding brokerage commissions,
taxes interest and litigation, indemnification and other extraordinary expenses
(the "Limitation"). Under the Limitation, we agree that, through February 1,
2001, such expenses shall not exceed a percentage of your average daily net
assets equal to, on an annualized basis, 1.80% in the case of the Investor
Shares of the Fund and 1.45% in the case of the Institutional Shares of the
Fund.
Very truly yours,
CENTURY CAPITAL MANAGEMENT, INC.
By: /s/ Xxxxx X. Xxxxxxxxx
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Xxxxx X. Xxxxxxxxx
President
