Exhibit H(1)
XXXXX STREET FUNDS, INC.
April 1, 2002
Xxxxxx X. Xxxxx & Co. Incorporated
000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Re: Agreement to Pay Shareholder Servicing Fees to Xxxxxx X.
Xxxxx & Co. Incorporated
Gentlemen:
This letter constitutes an agreement by and among Xxxxxx X.
Xxxxx & Co. Incorporated ("Baird"), Xxxxx Street Funds, Inc. ("MSF")
and Northwestern Mutual Investment Services, LLC ("NMIS") with regard
to the following:
Effective April 1, 2002, in consideration for Baird paying commissions to its
registered representatives with respect to shares of MSF and performing other
shareholder services with respect to MSF, on a quarterly basis NMIS will make
payments to Baird equal to the payments received by NMIS from MSF with respect
to Baird registered representatives under the Shareholder Services Agreement
dated March 31, 2002, between MSF and NMIS. Such payment will be equal to .25%
of the average daily net assets of shares of each class of each Fund of MSF
outstanding and held by Xxxxx'x customers, for as long as NMIS remains the
distributor for MSF.
Very truly yours,
XXXXX STREET FUNDS, INC.
By: /S/Xxxx X. Xxxx
-------------------------------------
Name: Xxxx X. Xxxx
Title: Vice President and Treasurer
Agreed to and accepted:
XXXXXX X. XXXXX & CO. INCORPORATED
By: /S/Xxxxxx X. Barges
------------------------------------
Name: Xxxxxx X. Xxxxxx
-------------------------------------
Title: Senior Vice President
------------------------------------
NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC
By: /S/Xxxxxxx X. Xxxxxxxxx
-----------------------------------------
Name: Xxxxxxx X. Xxxxxxxxx
Title: Senior Vice President, Variable Annuities
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