Exhibit (h)(iv) under Form N-1A
Exhibit (10) under Item 601/Reg. S-K
AMENDMENT TO
OPERATIONS AGENCY AGREEMENT
Reference is made to the Operations Agency Agreement dated as of July 28, 1997
between Deutsche Portfolios (the "Investment Company") and Federated Services
Company (the "Company"). It is proposed that Section One, Article 2 be restated
as follows:
Article 2. The Company's Duties.
As Operations Agent, and subject to the supervision and control of the
Board, and in accordance with Proper Instructions (as defined hereafter) from
the Investment Company the Company will provide facilities, equipment, and
personnel to carry out the following operations agency services for operation of
the business and affairs of the Investment Company and each of its portfolios:
(1) following the organization of the Investment Company,
prepare the Investment Company's governing documents
and any amendments thereto, including the Charter
(which has already been prepared and filed), the
By-Laws and minutes of meetings of the Board and
Investors;
(2) following the Investment Company's effectiveness with
the Securities and Exchange Commission, prepare and
file the registration statements for the Fund and all
amendments thereto, the Form N-SAR, reports to
regulatory authorities and Investors, offering
documents, proxy and/or information statements, and
such other documents all as may be necessary to
enable the Investment Company to make a private
offering of its shares;
(3) conduct compliance training sessions for the benefit
of the investment advisers of the Funds;
(4) maintain the Investment Company's calendar of reporting and
filing obligations;
(5) perform internal audit examinations;
(6) monitor and supervise the collection of tax reclaims;
(7) plan and prepare for meetings of the Investment
Company's Board, including maintaining the Board's
agenda and preparing and distributing materials for
the Board's review and consideration;
(8) attend in person, and record the minutes of meetings
of, the Investment Company's Board;
(9) consult with the Investment Company and its Board on
matters concerning the Investment Company and its
affairs;
(10) prepare materials necessary for shareholder meetings
and record the minutes of shareholder meetings;
(11) prepare expense projections for the Funds;
(12) coordinate the activities of all service providers to
the Investment Company. By way of example, the
Company will, in conjunction with item (4) above,
communicate to the other service providers to the
Investment Company lists of information and materials
needed for filing obligations, as well as deadlines
for the receipt of such materials. The Company does
not take responsibility for the failure of other
service providers to provide such materials to the
Investment Company in a timely fashion or for the
performance of functions for which other service
providers are responsible.
The foregoing, along with any additional services that the Company
shall agree in writing to perform for the Fund under this Section One, shall
hereafter be referred to as "Operations Agency Services."
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
Operations Agency Agreement to be executed in their names and on their behalf by
and through their duly authorized officers, as of the 9th day of October, 1998.
DEUTSCHE PORTFOLIOS
By: /s/ Xxxxx X. Xxx
Name: Xxxxx X. Xxx
Title: President
FEDERATED SERVICES COMPANY
By: /s/ Xxxxxx X. Xxxx
Name: Xxxxxx X. Xxxx
Title: Senior Vice President
