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EXHIBIT 9(I)
AMENDMENT NO. 2 TO SPECIAL MANAGEMENT SERVICES AGREEMENT
This Amendment No. 2, dated as of the 1st day of March, 1993, is
entered into among PACIFIC HORIZON FUNDS, INC. (the "Company"), a Maryland
corporation, Concord Holding Corporation, a Delaware corporation ("Concord"),
and Bank of America National Trust and Savings Association (the "Bank").
WHEREAS, the Company, Concord and the Bank have entered into a Special
Management Services Agreement dated as of April 22, 1992 as amended by
Amendment No. 1 dated as of March 1, 1993 (the "Services Agreement"), pursuant
to which the Company appointed Concord and the Bank to provide special services
for the benefit of the series of shares known as "Pacific Horizon Shares" in
its Prime Fund, Treasury Fund, California Tax-Exempt Money Market Fund, Pacific
Horizon Tax-Exempt Money Market Fund, Government Fund and Treasury Only Fund;
and
WHEREAS, the Company has notified Concord and the Bank that it has
established a Prime Value Fund and that it desires to retain Concord and the
Bank to provide the aforesaid special services for "Pacific Horizon Shares" of
the Prime Value Fund (the "Fund"), and Concord and the Bank have notified the
Company that they are willing to provide such services;
NOW THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. APPOINTMENT. The Company hereby appoints Concord and the Bank
to provide the services described in the Services Agreement for the Pacific
Horizon Shares of the Prime Value Fund for the period and on the terms set
forth in the Services Agreement. Concord and the Bank hereby accept such
appointment and agree to perform the services and duties set forth in the
Services Agreement, for the compensation herein provided.
2. COMPENSATION. For the services provided and the expenses
assumed pursuant to the Services Agreement with respect to the Prime Value
Fund, the Company will pay Concord a fee, computed daily and paid monthly, at
the annual rate of .32% of the average net asset value of the Pacific Horizon
Shares of the Fund that are outstanding from time to time. Concord and the
Bank hereby agree to waive such portion of the fee payable to them hereunder as
is necessary to assure that the amount of such fee which is required to be
accrued by the Company on any day with respect to the Pacific Horizon Shares of
the Fund does not exceed the income to be accrued to such Pacific Horizon
Shares on that day.
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3. MISCELLANEOUS. Except to the extent amended hereby, the
Services Agreement shall remain unchanged and in full force and effect and is
hereby ratified and confirmed in all respects as amended hereby.
IN WITNESS WHEREOF, the undersigned have executed this
Amendment No. 2 as of the date and year first above written.
PACIFIC HORIZON FUNDS, INC.
By:/s/ Xxxxxx X. Xxxxxxx
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President
CONCORD HOLDING CORPORATION
By:/s/ Xxxxxxx X. Xxxxxxx
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President
BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION
By:/s/ Xxxxx XxXxxxx-Xxxxxx
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Senior Vice President
