December 30, 1994
G.T. Capital Management, Inc.
00 Xxxxxxxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
RE: Investment Management and Administration Fee
Agreement for Global Consumer Products and Services Portfolio
-------------------------------------------------------------
Ladies and Gentlemen:
Global Investment Portfolio (the "Master Trust") has appointed G.T.
Capital Management, Inc. ("G.T. Capital") to act as investment manager and
administrator to a new portfolio organized as a sub-trust of the Master
Trust, Global Consumer Products and Services Portfolio (the "Portfolio"),
pursuant to the terms of the Investment Management and Administration
Contract between the Master Trust and G.T. Capital currently in effect
(the "Management Contract"). For providing services to the Portfolio
pursuant to the Management Contract, the Portfolio will pay G.T. Capital
investment management and administration fees at the annualized rate of
.725% on the first $500 million, .70% on the next $500 million, .675% on
the next $500 million and .65% on all amounts thereafter, of the
Portfolio's average daily net assets. Such fees are to be calculated
daily and paid monthly by the Portfolio.
Please indicate your agreement with the provisions of the foregoing
paragraph by executing this letter in the space set forth for such
execution below.
Sincerely,
GLOBAL INVESTMENT PORTFOLIO
/s/ F. Xxxxxxxxx Xxxxxxx
By: ____________________________
F. Xxxxxxxxx Xxxxxxx
Vice President
AGREED AND ACCEPTED:
G.T. CAPITAL MANAGEMENT, INC.
/s/ Xxxxx X. Xxxxx
By: ____________________________
Xxxxx X. Xxxxx
Vice President-Finance
