Exhibit (d)(7)
Xxxxxxxx-Xxxxxxxxx Institutional Funds
000 Xxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
May 8, 2001
Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
This will confirm our agreement that Schedule A to the
Investment Advisory Agreement between us dated January 31, 2001 is hereby
amended. The full list of Funds covered by the Agreement and the annual advisory
fee with respect to each such Fund shall be as set forth on Exhibit A.
In all other respects, the Investment Advisory Agreement will
remain in full force and effect. Please sign this letter below to confirm your
agreement with this amendment.
Very truly yours,
-------------------------
Xxxxxxx X. Xxxxx, Xx.
Assistant Secretary
AGREED:
Xxxxxxxx-Xxxxxxxxx Capital Management
By: -------------------------
Xxxxxxx X. Xxxxx, Xx.
Deputy General Counsel
EXHIBIT A
SCHEDULE A
INVESTMENT ADVISORY FEES
The Investment Adviser will be compensated for its services under the Agreement
with respect to the Funds at the following annual rates:
1. For the WORLDWIDE GROWTH FUND, INTERNATIONAL SMALL CAP GROWTH FUND
AND INTERNATIONAL CORE GROWTH FUND, 1.00% of the first $500 million of each
Fund's average daily net assets, 0.90% of the next $500 million and 0.85% of the
Fund's average daily net assets in excess of $1 billion.
2. For the MID CAP GROWTH FUND AND CONVERTIBLE FUND, 0.75% of the first
$500 million of each each Fund's average daily net assets, 0.675% of the next
$500 million and 0.65% of the each such Fund's average daily net assets in
excess of $1 billion.
3. For the HIGH QUALITY BOND FUND, 0.45% on the first $500 million of
the Fund's average daily net assets, 0.40% on the next $250 million and 0.35% on
net assets in excess of $750 million.
4. For the HIGH YIELD BOND FUND, 0.60% on the first $500 million of the
Fund's average daily net assets, 0.55% on the next $500 million and 0.50% on net
assets in excess of $1 billion.
5. For the LATIN AMERICA FUND, 1.25% on the first $500 million of the
Fund's average daily net assets, 1.15% on the next $500 million and 1.10% on net
assets in excess of $1 billion.
6. For the LARGE CAP GROWTH FUND AND VALUE FUND, 0.75% of the first
$500 million of each Fund's average daily net assets, 0.675 on the next $500
million, and 0.65% of net assets in excess of $1 billion.
7. For the GLOBAL BLUE CHIP FUND, 0.80% of the Fund's average daily
net assets.
8. For the PACIFIC RIM FUND, 1.00% of the first $500 million of the
Fund's average daily net assets, 0.90% on the next $500 million and 0.85% on net
assets in excess of $1 billion.
9. For the SMALL CAP GROWTH FUND, SMALL CAP VALUE FUND, GLOBAL
TECHNOLOGY FUND AND GLOBAL HEALTH CARE FUND, 1.00% of each Fund's average daily
net assets.
10. For the MINI CAP GROWTH FUND AND EMERGING COUNTRIES FUND, 1.25% of
each Fund's average daily net assets.
11. For the INTERNATIONAL STRUCTURED FUND, 0.85% of the first $500
million of the Fund's average daily net assets, 0.775% on the next $500 million
and 0.75% on net assets in excess of $1 billion.
