Exhibit 99.(d)(iv)
ADDENDUM TO MANAGEMENT AGREEMENT
BETWEEN LORD XXXXXX RESEARCH FUND, INC. AND
LORD, XXXXXX & CO. LLC
DATED JUNE 10, 1992 (THE "AGREEMENT")
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Effective April 1, 2004, Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Research
Fund, Inc. (the "Corporation") on behalf of a series of the Corporation, Lord
Xxxxxx Growth Opportunities Fund ("Fund"), do hereby agree that the annual
management fee rate for the Fund with respect to paragraph 2 of the Agreement
shall be reduced from .90 of 1% of the value of the Fund's average daily net
assets to the following schedule:
.80 of 1% of the first $1 billion of average daily net assets.
.75 of 1% of the next $1 billion, and
.70 of 1% of the next $1 billion, and
.65 of 1% of assets over $3 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.
LORD, XXXXXX & CO. LLC
By: /s/ Xxxx X.Xxxxxxx
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Xxxx X. Xxxxxxx, Partner
LORD XXXXXX RESEARCH FUND, INC.
(on behalf of Lord Xxxxxx Growth Opportunities Fund)
By: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx,
Vice President and Assistant Secretary
Dated: March 1, 2004
