EXHIBIT (h)3
SCHEDULE A
DATED JANUARY 1, 1999
TO THE ADMINISTRATION AGREEMENT
DATED APRIL 29, 1996
BETWEEN TIP FUNDS
AND
SEI INVESTMENTS MUTUAL FUND SERVICES
(Formerly, SEI Fund Resources)
Portfolios: This Agreement shall apply to all Portfolios of the TIP Funds
(collectively, the "Portfolios"), either now in existence or in
the future created.
Fees: Pursuant to Article 4, Section A, the Trust shall pay the
Administrator compensation for services rendered ot the
Portfolios at an annual rate, which is calculated daily and paid
monthly according to the following schedule:
FEE (ON AVERAGE ANNUAL ASSETS ASSETS IN PORTFOLIO
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.09% to $250 Million
.07% Next $250 Million
.06% Next $250 Million
.05% Next $1.25 Billion
.04% Over $2 Billion
The annual minimum fee for each existing Portfolio will be
$65,000, payable monthly. For any new Portfolios added to the
Trust, the minimum fee will be phased in over a one-year period
as follows:
1st 6 months -- 40% of the minimum $65,000
2nd 6 months -- 75% of the minimum $65,000
After 1st year -- $65,000
The annual additional fee for each class of shares is $15,000.
Term: This Agreement shall become effective on January 1, 1999, and
shall remain in effect for an Initial Term of four (4) years from
such date, unless and until this Agreement is terminated in
accordance with the provisions of Article 10 hereof.
SEI INVESTMENTS MUTUAL XXXXXX INVESTMENT PARTNERS,
FUND SERVICES INC.
By: /s/ Xxxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx
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Title: VP Title: COO
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