Exhibit h(25)
AGREEMENT made this 1st day of March 2002, by and between The Advisors' Inner
Circle Fund, a Massachusetts business trust (the "Trust"), and LSV Asset
Management (the "Adviser")(together, the "Parties").
The Adviser hereby agrees to waive its fee and/or reimburse expenses to the
extent necessary to limit the total operating expenses at the following levels
for a period of one year from the date of the agreement for each of the
following funds:
FUND(S) TOTAL OPERATING EXPENSES
------- ------------------------
LSV Value Equity Fund 0.90%
The Trust acknowledges that the Adviser may engage in brokerage transactions
using Fund assets with brokers who agree to pay a portion of the Fund's
expenses, and that the Adviser's guarantee of Fund expense ratios takes into
account these expense-limiting arrangements. This Agreement shall be renewable
at the end of each one year period for an additional one year period upon the
written agreement of the Parties hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed
as of the day and year first written above.
The Advisors' Inner Circle Fund LSV Asset Management
By: /S/XXXXXXX XXXXXXX By: /S/XXXXXXXX XXXXXXXX
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XXXXXXX XXXXXXX XXXXXXXX XXXXXXXX, PARTNER
