EXHIBIT (E)(3)
THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
AMENDMENT NO. 1
TO
THE FIRST AMENDED AND RESTATED DISTRIBUTION CONTRACT
AMENDMENT NO. 1 to the First Amended and Restated Distribution Contract
dated as of October 31, 1997 (the "Contract") between Lutheran Brotherhood
Family of Funds (the "Trust") and Lutheran Brotherhood Securities Corp. (the
"Distributor"), made effective as of the 31st day of October, 1999.
W I T N E S S E T H:
WHEREAS, Paragraph 11 of the Contract provides that the Contract may be
amended at any time by mutual agreement of the parties provided the
amendment is approved by a majority of the Trustees of the Trust; and
WHEREAS, on September 8, 1999, a majority of the Trustees voted to
amend the Contract by by adding the new paragraph 2(i) below; and
WHEREAS, on September 7, 1999, a majority of the Directors of the
Distributor voted to amend the Contract by adding the new paragraph 2(i)
below; and
WHEREAS, the undersigned are duly authorized to execute this Amendment.
NOW, THEREFORE, effective October 31, 1999, the Contract shall contain
the following paragraph 2(i):
(2)(i) The Distributor shall also undertake certain shareholder
servicing activities on behalf of the Funds with respect to the
Institutional Class Shares, as is more fully set forth in the
Shareholder Servicing Plan with regard to the Institutional Class
Shares dated September 8, 1999. For providing these services, the
Distributor shall be entitled, subject to the terms and conditions of
the Shareholder Servicing Plan adopted with regard to the Institutional
Class Shares, to a fee at an annual rate of 0.15% of the average daily
value of net assets represented by such Institutional Class Shares.
The undersigned hereby certify that the Amendment set forth above has
been duly adopted in accordance with the provisions of the Contract.
IN WITNESS WHEREOF, the undersigned has hereunto set his hands as of
the day and year first above written.
LUTHERAN BROTHERHOOD LUTHERAN BROTHERHOOD
FAMILY OF FUNDS SECURITIES CORP.
By: /s/ Xxxx X. Xxxxxxxx By: /s/ Xxxxx X. Xxxxxxxx
------------------------ -------------------------
Name: Xxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxxxxx
Title: President Title: President
