Exhibit h(3)
Domini Social Investments LLC
000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
November 30, 2001
Domini Institutional Trust
000 Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation Agreement
Ladies and Gentlemen:
Domini Social Investments LLC currently provides oversight and
administrative and management services to Domini Institutional Trust (the
"Trust"), a Massachusetts business trust. We hereby agree with the Trust that we
will waive expenses payable to us by the Trust's series designated Domini
Institutional Social Equity Fund (the "Fund") or will reimburse such series for
all expenses payable by that series to the extent necessary so that the series'
aggregate expenses (excluding brokerage fees and commissions, interest, taxes
and other extraordinary expenses), net of waivers and reimbursements, would not
exceed on a per annum basis 0.30% of that series' average daily net assets.
The agreement in this letter shall take effect on the date hereof, and
shall remain in effect until November 30, 2002, absent an earlier modification
by the Board of Trustees, which oversees the Fund.
Please sign below to confirm your agreement with the terms of this
letter.
Sincerely,
Domini Social Investments LLC
By: /s/ Xxxxx X. Xxxxxx
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Title: Managing Principal & CEO
Agreed:
Domini Institutional Trust
By: /s/ Xxxxxx X. Xxxxxx
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Title: Treasurer