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Exhibit 24(d)(2)
THE KENT FUNDS
X.X. XXX 000000
XXXXXXXX, XXXX 00000-0000
November 19, 0000
Xxxx Xxxxxx Asset Management Company
000 Xxxx Xxxxxx, X.X.
Xxxxx Xxxxxx, Xxxxxxxx 00000
Attention: Xxxxxx X. Xxxxxxx
President
Re: The Kent Funds (the "Trust")
Dear Xx. Xxxxxxx:
The Trust hereby requests, pursuant to paragraph 1(b) of the First
Amendment to the Investment Advisory Agreement dated May 2, 1991 ("Agreement")
between Old Kent Bank (whose obligations have been assumed by Lyon Street Asset
Management Company ("Lyon Street")) and the Trust, that Lyon Street perform
for the following additional portfolio of the Trust the services described in
the Agreement. The compensation to be paid by such portfolio to Lyon Street for
its services is as set forth below:
The Kent Institutional Money 0.40%
Market Fund -----------
Please acknowledge your consent to the above by signing and returning this
letter to the Trust.
Very truly yours,
THE KENT FUNDS
By: /s/ Xxxxxx X. Xxxxx
------------------------------
Title: Chairman and Vice President
Agreed to and Accepted:
LYON STREET ASSET MANAGEMENT COMPANY
By: /s/ Xxxxxx X. Xxxxxxx
---------------------
Title: President
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