Exhibit (h)(10)
AMENDED SCHEDULE A
OPERATING EXPENSE LIMITS
EFFECTIVE NOVEMBER 1, 2001
This Agreement relates to the following Funds of the Trust:
Maximum Operating Expense Limit
(as a percentage of average net assets)
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Name of Fund Class A Class B Class C Class Q Class T
------------ ------- ------- ------- ------- -------
Pilgrim SmallCap Growth Fund 1.95% 2.60% 2.60% 1.85% N/A
Pilgrim MidCap Growth Fund 1.60% 2.25% 2.25% 1.50% N/A
Pilgrim LargeCap Growth Fund 1.60% 2.25% 2.25% 1.50% N/A
Pilgrim Convertible Fund 1.60% 2.25% 2.25% 1.50% N/A
Pilgrim Balanced Fund 1.60% 2.25% 2.25% 1.50% 2.00%
Pilgrim Strategic Income Fund 0.95% 1.35% 1.35% 0.85% N/A
Pilgrim Emerging Countries Fund 2.25% 2.90% 2.90% 2.15% N/A
Pilgrim Worldwide Growth Fund 1.85% 2.50% 2.50% 1.75% N/A
Pilgrim International SmallCap Growth Fund 1.95% 2.60% 2.60% 1.85% N/A
Pilgrim International Core Growth Fund 1.95% 2.60% 2.60% 1.85% N/A
Pilgrim High Yield Fund II 1.10% 1.75% 1.75% 1.00% 1.40%
Pilgrim Money Market Fund 1.50% 2.25% 2.25% N/A N/A