AMENDMENT NO. 12 TO SCHEDULE A
Terms used in the Schedule and not defined herein shall have the
meaning specified in the AMENDED AND RESTATED SHAREHOLDERS' SERVICING AND
TRANSFER AGENT AGREEMENT dated July 1, 1991, and as amended from time to time
(the "Agreement"). Payments under the Agreement to CSC shall be made in the
first two weeks of the month following the month in which a service is rendered
or an expense incurred. This Amendment No. 11 to Schedule A shall be effective
as of October 19, 1998, and supersedes the original Schedule A and Amendment
Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 11 to Schedule A.
1. Each Fund that is a series of the Trust shall pay CSC for the
services to be provided by CSC under the Agreement an amount equal to the sum of
the following:
(a) The Fund's Share of CSC Compensation
PLUS
(b) The Fund's Allocated Share of CSC Reimbursable Out-of-Pocket Expenses.
In addition, CSC shall be entitled to retain as additional compensation for its
services all CSC revenues for Distributor Fees, fees for wire, telephone,
redemption and exchange orders, XXX trustee agent fees and account transcripts
due CSC from shareholders of any Fund and interest (net of bank charges) earned
with respect to balances in the accounts referred to in paragraph 2 of the
Agreement.
2. All determinations hereunder shall be in accordance with generally
accepted accounting principles and subject to audit by the Fund's independent
accountants.
3. Definitions
"Allocated Share" for any month means that percentage of CSC
Reimbursable Out-of-Pocket Expenses which would be allocated
to the Fund for such month in accordance with the methodology
described in Exhibit 1 hereto.
"CSC Reimbursable Out-of-Pocket Expenses" means (i)
out-of-pocket expenses incurred on behalf of the Fund by CSC
for stationery, forms, postage and similar items, (ii)
networking account fees paid to dealer firms by CSC on
shareholder accounts established or maintained pursuant to the
National Securities Clearing Corporation's networking system,
which fees are approved by the Trustees from time to time and
(iii) fees paid by CSC or its affiliates to third-party dealer
firms or transfer agents that maintain omnibus accounts with a
Fund in respect of expenses similar to those referred to in
clause (i) above, to the extent the Trustees have approved the
reimbursement by the Fund of such fees.
"Distributor Fees" means the amount due CSC pursuant to any
agreement with the Fund's principal underwriter for
processing, accounting and reporting services in connection
with the sale of shares of the Fund.
"Fund" means each of the open-end investment companies advised
or administered by CMA that are series of the Trusts which are
parties to the Agreement including The Crabbe Huson Special
Fund, Inc.
"Fund's Share of CSC Compensation" for any month means 1/12 of
the following applicable percentage of the average daily
closing value of the total net assets of such Fund for such
month:
Fund Percent
Equity Funds: 0.2364
The Colonial Fund
Colonial Select Value Fund
Colonial U.S. Growth & Income Fund
Colonial Global Equity Fund
Colonial International Horizons Fund
Colonial Small Cap Value Fund
Colonial Aggressive Growth Fund
Colonial Equity Income Fund
Colonial International Equity Fund
Xxxxx Xxx Advisor Tax-Managed Growth Fund
[SoGen] Gold Fund
[SoGen] Global Fund
[SoGen] Overseas Fund
Taxable Bond Funds: 0.17
Colonial Intermediate U.S. Government Fund
Colonial Short Duration U.S. Government Fund
Colonial Federal Securities Fund
Colonial Income Fund
Tax-Exempt Funds 0.135
Colonial Tax-Exempt Insured Fund
Colonial Tax-Exempt Fund
Colonial High Yield Municipal Fund
Colonial California Tax-Exempt Fund
Colonial Connecticut Tax-Exempt Fund
Colonial Florida Tax-Exempt Fund
Colonial Intermediate Tax-Exempt Fund
Colonial Massachusetts Tax-Exempt Fund
Colonial Michigan Tax-Exempt Fund
Colonial Minnesota Tax-Exempt Fund
Colonial New York Tax-Exempt Fund
Colonial North Carolina Tax-Exempt Fund
Colonial Ohio Tax-Exempt Fund
Fund Percent
Money Market Funds: 0.20
Colonial Government Money Market Fund
Colonial Municipal Money Market Fund
Others:
Colonial High Yield Securities Fund 0.25
Colonial Strategic Income Fund 0.20
Colonial Utilities Fund 0.20
Colonial Strategic Balanced Fund 0.236
Colonial Global Utilities Fund 0.20
Newport Tiger Fund 0.236
Newport Tiger Cub Fund 0.236
Newport Japan Xxxxxxxxxxxxx Xxxx 0.000
Xxxxxxx Xxxxxxx Xxxxx Fund 0.236
Newport Asia Pacific Fund 0.236
Crabbe Huson Small Cap Fund 0.2366
Crabbe Huson Equity Fund 0.2364
Crabbe Huson Real Estate Investment Fund 0.236
Crabbe Huson Managed Income & Equity Fund 0.174
Crabbe Huson Oregon Tax-Free Fund 0.17
Crabbe Huson Contrarian Income Fund 0.174
The Crabbe Huson Special Fund, Inc. 0.
Agreed:
EACH TRUST ON BEHALF OF EACH FUND DESIGNATED
IN APPENDIX I FROM TIME TO TIME
By: __________________________________________
Xxxxx X. Xxxxxx, Secretary
LIBERTY FUNDS SERVICES, INC.
By: ________________________________________
Xxxx X. XxXxxxxx, President
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: ________________________________________
Xxxxx X. Xxxxxx, Senior Vice President
EXHIBIT 1
METHODOLOGY OF ALLOCATING CSC
REIMBURSABLE OUT-OF-POCKET EXPENSES
0.XXX Reimbursable Out-of-Pocket Expenses are allocated to the Funds as follows:
A. Identifiable Based on actual services performed and invoiced
to a Fund.
B. Unidentifiable Allocation will be based on three evenly weighted
factors.
- number of shareholder accounts
- number of transactions
- average assets
--------
4. The applicable percentage shall be reduced from 0.25% to 0.236% commencing
October 1997, through successive, cumulative quarterly reductions of
0.014%/4. Thereafter the applicable percentage shall remain at 0.236%.
5 The applicable percentage shall be reduced from 0.14% to 0.13% during 1997
through successive, cumulative monthly reductions of 0.01%/12. Thereafter
the applicable percentage shall remain at 0.13%.
6 With respect to the net assets attributable to the Class A, B and C shares.
With respect to the net assets attributable to the Class I shares, the fee
is 0.0025%.
