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EXHIBIT(d)(viii)
AMENDMENT ONE
TO THE
INVESTMENT ADVISORY AGREEMENT
XXX XXXXXX CALIFORNIA MUNICIPAL INCOME FUND
DATED MAY 31, 1997
THIS AMENDMENT ONE to the Investment Advisory Agreement dated May 31,
1997 by and between Xxx Xxxxxx California Municipal Income Fund (f/k/a
Xxx Xxxxxx California Tax Free Income Fund), a Delaware business trust
(hereinafter referred to as the "Fund") and Xxx Xxxxxx Investment Advisory
Corp., a Delaware Corporation (hereinafter referred to as the "Adviser").
WITNESSETH
WHEREAS, the Fund wishes to amend the current Investment Advisory
Agreement in accordance with the terms set forth by The Board of Trustees of the
Fund at a Meeting held on January 28, 2000;
NOW, THEREFORE, in consideration of the promises and mutual covenants
spelled out in the Agreement and herein, it is hereby agreed that Section 2 of
the Agreement be amended as follows:
2. (a) FEE. For the services and facilities described in
Section 1, the Fund will accrue daily and pay to the Adviser at the end
of each calendar month an investment management fee computed based on a
fee rate (expressed as a percentage per annum) applied to the average
daily net assets of the Fund as follows:
FEE PERCENT
PER ANNUM OF
AVERAGE DAILY AVERAGE DAILY
NET ASSETS NET ASSETS
---------- ----------
First $500 millions 0.550 of 1.00%
Next $500 millions 0.500 of 1.00%
Thereafter 0.450 of 1.00%
IN WITNESS WHEREOF, the parties have caused this Amendment One to be
executed this 28th day of January, 2000.
XXX XXXXXX CALIFORNIA MUNICIPAL INCOME FUND
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
Vice President, Chief Financial Officer and Treasurer
XXX XXXXXX INVESTMENT ADVISORY CORP.
By: /s/ Xxxxxx X. XxXxxxxxx
------------------------------
Xxxxxx X. XxXxxxxxx
President
