DIVIDEND DISBURSING AND TRANSFER AGENT AGREEMENT
BETWEEN
FBL MONEY MARKET FUND, INC.
AND
PFS MANAGEMENT SERVICES, INC.
This Dividend Disbursing and Transfer Agent Agreement made this 23rd day of
February between FBL MONEY MARKET FUND, INC., a Maryland corporation
(hereinafter called the "Fund"), and PFS MANAGEMENT SERVICES, INC., a Delaware
corporation (hereinafter called the "Agent");
WITNESSETH:
WHEREAS, the Fund desires to enter into a Dividend Disbursing and Transfer
Agent Agreement with Agent under which Agent will provide the services as set
forth in detail in this Agreement, and Agent is desirous of providing such
services upon the terms and conditions hereinafter provided,
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
it is agreed as follows:
1. The Agent shall perform all the usual and ordinary services of
stock transfer agent and dividend disbursing agent for the Fund, including
those hereinabove set forth. The Agent shall:
(a) keep the stock transfer books or records of the Fund and
addresses of all shareholders, the number and date of issuance of full
and fractional shares held by each, the number and date of
certificates for the shares and the number and date of cancellation of
each share and each certificate surrendered for cancellation;
(b) handle the issuance and redemption of Fund shares;
(c) effect and record shareholder transfers of ownership and
changes in forms of registration;
(d) cause all shareholder reports and proxies to be properly
addressed and mailed in connection with shareholders meetings;
(e) tabulate all proxies; and
(f) prepare and mail all required shareholder federal and state
and other income tax information forms.
2. The Agent shall also act as the Fund's dividend agent in
allocating and causing ordinary dividends and capital gains distributions
to be disbursed to shareholders.
3. For its services specified above, the Fund shall pay to the Agent
fees as provided in Exhibit A which is attached hereto and made a part
hereof. Such fees shall be paid by the Fund monthly.
4. The Agent shall administer all periodic withdrawal plans relating
to Fund shares and receive such compensation therefor as may be provided
from time to time in the then current prospectus of the Fund.
5. The Agent agrees to act in good faith in furnishing the services
provided for herein. At the Agent's option it may furnish all necessary
facilities and personnel directly or it may retain a separate organization
for the purpose of performing all or any portion of the Agent's obligations
under this Agreement. The Agent assumes no responsibility under this
Agreement other than to render in good faith the services called for
hereunder.
6. The Agent agrees that in all matters relating to the services to
be performed by it hereunder, it will use its best efforts to act in
conformity with the terms of the Articles of Incorporation, By-Laws,
Registration Statement and current Prospectus of the Fund. Each of the
parties agrees that in all matters relating to the performance of the
Agreement, it will use its best efforts to conform to and comply with the
requirements of the federal Investment Company Act of 1940 and all other
applicable federal, state or other laws and regulations.
7. To the extent required by Section 31 of the Investment Company
Act of 1940 and the rules and regulations thereunder, Agent agrees that all
records maintained by it (or its sub-agent) relating to the services to be
performed by Agent under this Agreement are the property of the Fund and
will be preserved and surrendered promptly to the Fund on request.
8. The services of the Agent as provided herein are not to be deemed
to be exclusive, and it shall be free to render services of any kind to any
other group, firm, individual or association, including other investment
companies, and to engage in any other business or activity.
9. This Agreement, including Exhibit A hereto, may be amended at any
time by mutual written consent of the parties.
10. This Agreement shall be effective as of the date of execution,
and may be terminated by either party hereto upon sixty (60) days' written
notice given by one to the other, provided that no such notice of
termination given by the Agent to the Fund shall be effective unless and
until a substitute person or entity has been engaged by the Fund to perform
the services required hereunder for the Fund, or the Fund has certified to
the Agent that other arrangements have been made by it to provide such
services.
IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by
their respective officers thereunto duly authorized and their respective
corporate seals to be hereunto affixed, as of the day and year first above
written.
FBL MONEY MARKET FUND, INC.
ATTEST: ---------------------------------------
-----------------------------------
PFS MANAGEMENT SERVICES, INC.
ATTEST: ---------------------------------------
-----------------------------------
EXHIBIT A
TO
SHAREHOLDER SERVICE, DIVIDEND DISBURSING
AND TRANSFER AGENT AGREEEMENT
BETWEEN
FBL MONEY MARKET FUND, INC.
AND
FBL INVESTMENT ADVISORY SERVICES, INC.
SEPTEMBER 1, 1995
ANNUAL PER ACCOUNT MAINTENANCE FEE: $9.00
An annual minimum account maintenance fee of $12,000 applies to each fund/cusip.
ACTIVITY FEES:
Closed Account Fee 1.50
New Account Set Up 3.00
Transaction Fee 1.00
ACH Fee .25
Telephone Call 1.00
Letter Fee 1.50
Check Writing Fee .05
The annual account maintenance fee is payable monthly at the rate of 1/12 of the
annual fee per fund portfolio account. Activity fees will be paid monthly.
In addition, each Fund Portfolio will pay each month out-of-pocket expenses
incurred or advances made by FBL Investment Advisory Services, Inc. under the
Shareholder Service, Dividend Disbursing and Transfer Agent Agreement. These
items include, but are not limited to, postage, envelopes, checks, continuous
forms, reports and statements, telephone, telegraph, stationary, supplies, costs
of outside mailing firms, record storage and media for storage of records (e.g.,
microfilm, computer tapes).
Executed this 1st day of September , 1995.
------------- -------------------
FBL MONEY MARKET FUND, INC.
Attest:______________________________ _____________________________________
Its Assistant Secretary Its President
FBL INVESTMENT ADVISORY SERVICES, INC.
Attest:______________________________ _____________________________________
Its Secretary Its President
