Exhibit (h)(12)(a)
AMENDMENT NO. 1 TO
ADMINISTRATIVE
SERVICES AGREEMENT
This Amendment No. 1 to the Administrative Services Agreement (the
"Agreement") dated as of April 16, 1998, by and between Value Equity Trust, a
Massachusetts business Trust (the "Fund"), on behalf of Value Fund, a series of
the Fund and Xxxxxx Distributors, Inc., a Delaware corporation, is made as of
September 14, 1999.
Pursuant to Section 4 of the Agreement, the Agreement is hereby amended
as follows:
1. The second sentence of the first paragraph of Section 2 shall be
replaced by the following sentence: "The current fee schedule may be
set forth as Appendix I hereto"; and
2. The following new paragraph shall be added at the end of
Section 2:
"KDI shall be contractually bound hereunder by the terms of any
publicly announced fee cap or waiver of its fee or by the terms of any written
document provided to the Board of Trustees of the Fund announcing a fee cap or
waiver of its fee, or any limitation of the Fund's expenses, as if such fee cap,
fee waiver or expense limitation were fully set forth herein."
Except as provided herein, the terms and provisions of the Agreement
shall remain in full force and effect without amendment.
Executed under seal this 30th day of September, 1999.
VALUE EQUITY TRUST,
on behalf of Value Fund ATTEST:
By: /s/Xxxx X. Xxxxxxxx /s/Xxxx Xxxxxxxx
--------------------------------- ---------------------------------
Xxxx X. Xxxxxxxx Title: Vice President
President
XXXXXX DISTRIBUTORS, INC. ATTEST:
By: /s/Xxxxxxx X. Xxxxxx /s/Xxxxxx X. Xxxxxxx
--------------------------------- ---------------------------------
Xxxxxxx X. Xxxxxx Title: Assist. Secretary
Vice President
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