Exhibit (d)5.4
LETTER AGREEMENT
Xxxxx Xxxxxxx Investment Management Company
P.O. Box 1591
Tacoma, WA 98401-1591
Dear Sirs:
This Letter Agreement relates to the Administrative Agreement between Xxxxx
Xxxxxxx Investment Company and Xxxxx Xxxxxxx Investment Management Company dated
January 1, 1999 ("Administrative Agreement"). Xxxxx Xxxxxxx Investment Company
advises you that it is creating Class I and Class Y Shares of the Real Estate
Securities and Short Term Bond Funds (each, a "Fund") and that each Fund desires
Xxxxx Xxxxxxx Investment Management Company to provide administrative services
to the Fund pursuant to the terms and conditions of the Administrative
Agreement. Section 6A of the Administrative Agreement hereby to include each
Fund, with an annual administrative fee of 0.05% of average daily net assets of
Class I of the Funds and at cost for Class Y of the Funds, payable as set forth
in that Section.
Please indicate your acceptance of the amendment to the Administrative Agreement
by executing the acceptance copy of this letter agreement and returning it to
the undersigned.
Sincerely,
XXXXX XXXXXXX INVESTMENT COMPANY
By:
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Xxxx X. Xxxxxxxx
President
Accepted this ____ day of ________, 2002.
XXXXX XXXXXXX INVESTMENT MANAGEMENT COMPANY
By:
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Xxxxxxx X. Xxxxxxx
President
