EXHIBIT 99(5)(b)(vi)
October 27, 1997
Chancellor LGT Asset Management, Inc.
00 Xxxxxxxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Re: Investment Management and Administration Fee
Agreement for GT Global Developing Markets Fund
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Dear Sir or Madam:
G.T. Investment Funds, Inc. (the "Company") has appointed Chancellor LGT
Asset Management, Inc. ("Chancellor LGT") to act as investment manager and
administrator to a new fund organized as a series of the Company, GT Global
Developing Markets Fund (the "Fund"), pursuant to the terms of the Investment
Management and Administration Contract between the Company and Chancellor LGT
currently in effect (the "Management Contract"). For providing services to the
Fund pursuant to the Management Contract, the Fund will pay Chancellor LGT
investment management and administration fees, based on its average daily net
assets, at the annualized rate of 0.975% on the first $500 million, 0.95% on the
next $500 million, 0.925% on the next $500 million and 0.90% on the amounts
thereafter. Such fees are to be calculated daily and paid monthly by the Fund.
Please indicate your acceptance of the foregoing by executing two copies of
this Letter Agreement, returning one to the Company and retaining one for your
records.
Sincerely,
G.T. INVESTMENT FUNDS, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Vice President and Principal
Accounting Officer
Acknowledged and Accepted:
CHANCELLOR LGT ASSET MANAGEMENT, INC.
By: /s/ Xxxxx Xxxxx Xxx
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Vice President and Secretary
