Exhibit 99.23(d)(i)
Addendum to Management Agreement
between Lord Xxxxxx
Securities Trust and Lord, Xxxxxx & Co.
DATED: MAY 19, 1993 (THE "AGREEMENT")
Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Securities Trust (the "Trust") on
behalf of Lord Xxxxxx Large-Cap Value Fund (the "Fund Series") do hereby agree
that (a) the annual management fee rate for the Fund Series with respect to
paragraph 2 of the Agreement shall be as follows: 0.40 of 1% of the first $2
billion of average daily net assets of Lord Xxxxxx Large-Cap Value Fund, 0.375
of 1% of the next $3 billion of such assets and 0.35 of 1% of such assets in
excess of $5 billion.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Fund Series.
LORD, XXXXXX & CO. LLC
BY: /s/ XXXX X. XXXXXXX
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Member
Lord Xxxxxx Securities Trust
(on behalf of Lord Xxxxxx Large-Cap Value Fund)
BY: /s/ XXXXXXXXX X. XXXXXXX
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Vice President & Assistant Secretary
Dated: As of June 30, 2003
