AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT
This is an Amendment to the Administrative Services Agreement made and
entered into between INVESCO Funds Group, Inc., a Delaware corporation
("INVESCO"), and INVESCO Combination Stock & Bond Funds, Inc. (formerly INVESCO
Multiple Asset Funds, Inc.), a Maryland corporation (the "Fund") as of the 28th
day of February, 1997 (the "Agreement").
WHEREAS, the Fund and INVESCO are affiliated companies; and
WHEREAS, the Fund desires to amend the amount of payment that it pays
to INVESCO for certain administrative, sub-accounting and recordkeeping services
as described in the Agreement;
NOW, THEREFORE, the Fund is authorized to issue shares representing
interests in the following separate Portfolios: (1) INVESCO Balanced Fund, and
(2) INVESCO Industrial Income Fund, and (3) INVESCO Total Return Fund; and
In consideration of the premises and mutual covenants contained in the
Agreement, it is agreed that paragraph 5 of the Agreement is hereby amended to
read as follows:
For the services rendered, facilities furnished, and expenses
assumed by INVESCO under this Agreement, the Fund shall pay to INVESCO
a $10,000 per year per Portfolio base fee, plus an additional fee,
computed on a daily basis and paid on a monthly basis. For purposes of
each daily calculation of this additional fee, the most recently
determined net asset value of each Portfolio, as determined by a
valuation made in accordance with the Fund's procedure for calculating
each Portfolio's net asset value as described in the Portfolios'
Prospectus and/or Statement of Additional Information, shall be used.
The additional fee to INVESCO under this Agreement shall be computed at
the annual rate of 0.045% of each Portfolio's daily net assets as so
determined. During any period when the determination of a Portfolio's
net asset value is suspended by the directors of the Fund, the net
asset value of a share of that Portfolio as of the last business day
prior to such suspension shall, for the purpose of this Paragraph 5, be
deemed to be the net asset value at the close of each succeeding
business day until it is again determined.
IN WITNESS WHEREOF, the parties have executed this Agreement effective as of
the 28th day of May, 1999.
INVESCO FUNDS GROUP, INC.
By: /s/ Xxxx X. Xxxxxxxxxx
----------------------------
Xxxx X. Xxxxxxxxxx
President
ATTEST:
/s/ Xxxx X. Xxxxx
----------------------------
Xxxx X. Xxxxx
Secretary
INVESCO COMBINATION STOCK & BOND FUNDS, INC.
By: /s/ Xxxxxx X. Xxxxxx
----------------------------
Xxxxxx X. Xxxxxx
Treasurer & Chief Financial Officer &
Accounting Officer
ATTEST:
/s/ Xxxx X. Xxxxx
----------------------------
Xxxx X. Xxxxx
Secretary
