EX.99.H(2)
[FORM OF] LETTER AGREEMENT
Investment Company Capital
Corp.
Xxx Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000
[DATE]
Flag Funds Complex
Xxx Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000
RE: Transfer Agency Services Fee
Dear Sirs:
In regards to the Transfer Agency Services Appendix to the Master Services
Agreement dated September 1, 2000, (the "Agreement") between (i) Flag Investors
Communications Fund, Inc., (ii) Flag Investors Equity Partners Fund, Inc., (iii)
Flag Investors Emerging Growth Fund, Inc., (iv) Deutsche Banc Alex. Xxxxx Cash
Reserve Fund, Inc. (v) Flag Investors Real Estate Securities Fund, Inc., (vi)
Flag Investors Value Builder Fund, Inc. (vii) Flag Investors Series Funds, Inc.
(viii) Flag Investors Short-Intermediate Income Fund, Inc. and Investment
Company Capital Corp., each party to the Agreement agrees that compensation for
these services will be based on the schedule attached as Exhibit A.
1
EXHIBIT A
TRANSFER AGENCY FEE SCHEDULE
I. REMOTE TRANSFER AGENCY Cash Reserve Funds, Glenmede Funds
A. Base Fee per Cusip $ 1306.56/yr
B. Account Maintenance and Processing Fees
Open Accounts:
Daily Accrual $ 16.61/yr
Daily Accrual (Prime, Tax-Free, Treasury) $ 30.60/yr
Non-Daily/Non-Monthly Distribution $ 16.08/yr
CR/GM Inactive Accounts $ 1.05/yr
Prime, Tax-Free, Treasury Inactive Accts. $ 3.04/yr
Check Writing (per draft) $ .12/yr
Corporate Actions Fund Pricing $ 972.00/yr
II. BULK TRANSFER AGENCY Streetname Flag, ISI
A. Base Fee per Cusip
Flag Funds $ 3897.00/yr
ISI Funds $ 3919.44/yr
B. Account Maintenance and Processing Fees
Open Accounts:
Daily Accrual $ 21.50/yr
Daily Accrual (Flag Cash Reserve Funds) $ 30.60/yr
Non-Daily/Monthly Distribution $ 13.90/yr
Non-Daily/Non-Monthly Distribution $ 13.35/yr
Closed Accounts $ 2.17/yr
Accounts with Withholding $ .88/yr
New Account Setup $ 3.43
Wire Order Trades $ 2.86
Dealer Maintenance $ 2.86
Certificate Processing (per deposit/issue) $ 4.57
Checkwriting (per draft) $ .23
C. Commission Fees
Contingent Deferred Sales Charge/Sharelot $ 1.61/acct/yr
12(b)-1 (open and closed accounts) $ .18/cycle
2
TASS $ 1.14/acct/yr
III. PARTIAL TRANSFER AGENCY non-streetname Flag , ISI
A. Base fee per Cusip
Flag Funds $ 3897.00/yr
ISI Funds $ 3919.44/yr
B. Account Maintenance and Processing Fees
Open Accounts:
Daily Accrual $ 21.50/yr
Daily Accrual (Flag Cash Reserve Funds) $ 30.60/yr
Non-Daily/Monthly Distribution $ 16.60/yr
Non-Daily/Non-Monthly Distribution $ 16.06/yr
Closed Accounts $ 2.17/yr
Accounts with Withholding $ 1.09/yr
New Account Setup $ 3.43
Wire Order Trades $ 2.86
Dealer Maintenance $ 2.86
Certificate Processing (per deposit/issue) $ 4.57
Checkwriting (per draft) $ .23
C. Commission Fees
Contingent Deferred Sales Charge/Sharelot $ 1.61/acct/yr
12(b)-1 (open and closed accounts) $ .18/cycle
TASS $ 1.14/acct/yr
3
Very truly yours,
INVESTMENT COMPANY CAPITAL CORP.
By:
--------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
ACCEPTED AND CONFIRMED:
FLAG INVESTORS COMMUNICATIONS FUND, INC.
FLAG INVESTORS EQUITY PARTNERS FUND, INC.
FLAG INVESTORS EMERGING GROWTH FUND, INC.
DEUTSCHE BANC ALEX. XXXXX CASH RESERVE FUND, INC.
FLAG INVESTORS REAL ESTATE SECURITIES FUND, INC.
FLAG INVESTORS VALUE BUILDER FUND, INC.
FLAG INVESTORS SERIES FUNDS, INC.
FLAG INVESTORS SHORT-INTERMEDIATE INCOME FUND, INC.
By:
--------------------------------
Name: Xxx X. Xxxxxx
Title: Secretary
4
