Exhibit (h)(48)
ADDENDUM NO. 4 TO THE CO-ADMINISTRATION AGREEMENT
This Addendum, dated as of the1st day of November, 1999, is entered into
among Firstar Funds, Inc. (formerly, Portico Funds, Inc.) (the "Company"), a
Wisconsin corporation, Firstar Mutual Fund Services, LLC, a Wisconsin
corporation ("Firstar"), and X.X. Xxxxxxx and Company, a Wisconsin corporation
("BCZ").
WHEREAS, the Company, Firstar and BCZ have entered into a Co-Administration
Agreement dated as of January 1, 1995 and amended as of August 1, 1995 (the "Co-
Administration Agreement"), pursuant to which the Company appointed Firstar (by
assignment from Firstar Trust Company dated October 1, 1998) and BCZ to provide
certain co-administrative services to the Company for its Money Market Fund,
Tax-Exempt Money Market Fund, Growth and Income Fund, Short-Term Bond Market
Fund, Bond IMMDEXTM Fund, Special Growth Fund, U.S. Government Money Market
Fund, Equity Index Fund, Institutional Money Market Fund, U.S. Treasury Money
Market Fund, Balanced Fund, MidCore Growth Fund, Intermediate Bond Market Fund,
Tax-Exempt Intermediate Bond Fund, International Equity Fund, MicroCap Fund,
Emerging Growth Fund, and any other Firstar Funds that may be contemplated
(collectively, the "Funds");
WHEREAS, the Company is establishing an additional investment portfolio to
be known as the Core International Equity Fund and desires to retain Firstar and
BCZ to act as the co-administrators under the Co-Administration Agreement; and
WHEREAS, Firstar and BCZ are willing to serve as co-administrators for the
Core International Equity Fund;
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. APPOINTMENT. The Company hereby appoints Firstar and BCZ to act as
co-administrators to the Company for the Core International Equity Fund for the
period and the terms set forth herein and in the Co-Administration Agreement.
Firstar and BCZ hereby accept such appointment and agree to render the services
set forth herein and in the Co-Administration Agreement, for the compensation
herein provided.
2. COMPENSATION. For the services provided and the expenses assumed with
respect to the Core International Equity Fund and the other Funds pursuant to
the Co-Administration Agreement and this Addendum, the Company will pay Firstar
and BCZ, and Firstar and BCZ will accept as full compensation therefor, a fee,
computed daily and payable monthly, at the annual rate of 0.125% of the Funds'
first $2 billion of average aggregate daily net assets, plus 0.10% of the Funds'
average aggregate daily net assets in excess of $2 billion. Such fee as is
attributable to the Core International Equity Fund shall be a separate charge to
such Fund and shall be the obligation of the Core International Equity Fund.
3. MISCELLANEOUS. Except to the extent supplemented hereby, the Co-
Administration Agreement shall remain unchanged and in full force and effect and
is hereby ratified and confirmed in all respects as supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the
date and year first above written.
FIRSTAR FUNDS, INC.
By: /s/Xxxxx Xxxxxx
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Vice President
FIRSTAR MUTUAL FUND SERVICES, LLC
By: /s/Xxxxxx Xxxxxxxxx
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Senior Vice President
X.X. XXXXXXX AND COMPANY
By: /s/Xxxxxx X. Xxxxxxxxx
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Senior Vice President
