Exhibit (h)(3)
AMENDMENT TO
FUND ACCOUNTING AGREEMENT
This Amendment is made as of November 1, 2002, between AMERICAN
INDEPENDENCE FUNDS TRUST (the "Trust"), a Delaware business trust having its
principal place of business at 0000 Xxxxxxx Xxxx, Xxxxxxxx, Xxxx 00000, and
BISYS FUND SERVICES OHIO, INC. ("Fund Accountant"), a corporation organized
under the laws of the State of Ohio and having its principal place of business
at 0000 Xxxxxxx Xxxx, Xxxxxxxx, Xxxx 00000.
WHEREAS, the parties entered into a Fund Accounting Agreement dated as
of May 1, 2002 (the "Agreement"), pertaining to each series portfolio of the
Trust other than the series of the Trust known and designated as the Nest Egg
Funds;
WHEREAS, the parties to wish to amend the Agreement to provide that the
Nest Egg Funds will be covered under the Agreement, and provide the terms under
which the Agreement will apply to the Nest Egg Funds.
NOW THEREFORE, in consideration of the foregoing and the mutual premises
and covenants herein set forth, the parties agree as follows:
1. Capitalized terms not otherwise defined herein shall have the
same meaning as in the Agreement.
2. As of the Effective Date set forth below, Schedule A to the
Agreement is amended to add the Nest Eggs Funds set forth on
Schedule A to this Amendment and the Nest Egg Funds shall be
deemed "Funds" for all purposes under the Agreement. For these
purposes, the Effective Date shall be November 1, 2002.
3. In accordance with Section 3 of the Agreement, the Trust shall
pay BISYS the compensation set forth on Schedule A to this
Amendment with respect to the Nest Egg Funds.
4. This Amendment may be executed in one or more counterparts, each
of which will be deemed an original, but all of which together
shall constitute one and the same instrument.
5. Except as specifically set forth in this Amendment, all
provisions of the Agreement and the Schedules thereto remain in
full force and effect.
* * * * *
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.
AMERICAN INDEPENDENCE FUNDS TRUST
By: ______________________________
Title: ___________________________
BISYS FUND SERVICES OHIO, INC.
By: ______________________________
Title: ___________________________
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SCHEDULE A
TO THE AMENDMENT TO THE
FUND ACCOUNTING AGREEMENT
BETWEEN
AMERICAN INDEPENDENCE FUNDS TRUST
AND
BISYS FUND SERVICES OHIO, INC.
FUNDS: The Nestegg Funds covered by this Amendment are set forth below:
NESTEGG CAPITAL PRESERVATION FUND
NESTEGG 2010 FUND
NESTEGG 2020 FUND
NESTEGG 2030 FUND
NESTEGG 2040 FUND
FEES: Fund Accountant shall be entitled to receive a fee from each
Nestegg Fund of $15,000 per annum, plus out-of-pocket and
miscellaneous expenses as set forth in Section 4 of the
Agreement. For each Fund having more than one class of shares,
an additional charge of $10,000 for each additional class shall
apply; however, such charge will be waived for each additional
class during the first twenty-four (24) months following the
commencement of operations of the relevant class.
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