Exhibit 8(b)
------------
APPENDIX A
to the
Administration Agreement
Among BlackRock Funds(SM),
BlackRock Advisors, Inc. and PFPC Inc.
Class of
Name of Portfolio Shares
----------------- ------
Small Cap Value Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Small Cap Growth Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Large Cap Growth Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Large Cap Value Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Select Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Class of
Name of Portfolio Shares
----------------- ------
Index Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
International Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
International Emerging Markets
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Balanced Portfolio Institutional
Service
Investor A
Investor B
Investor C
Low Duration Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Intermediate Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Class of
Name of Portfolio Shares
----------------- ------
Intermediate Government Bond Institutional
Portfolio Service
Investor A
Investor B
Investor C
Government Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
Core Bond Total Return Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Managed Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
International Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
Tax-Free Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
Pennsylvania Tax-Free Income
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Class of
Name of Portfolio Shares
----------------- ------
New Jersey Tax-Free Income Institutional
Portfolio Service
Investor A
Investor B
Investor C
Ohio Tax-Free Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
Money Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Xxxxxxxx Xxxxx
Municipal Money Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Xxxxxxxx Xxxxx
U.S. Treasury Money Market
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Ohio Municipal Money Market
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Class of
Name of Portfolio Shares
----------------- ------
Pennsylvania Municipal Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
North Carolina Municipal Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
New Jersey Municipal Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Virginia Municipal Money Market
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Multi-Sector Mortgage Securities
Portfolio III Institutional
Mid-Cap Growth Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Mid-Cap Value Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Class of
Name of Portfolio Shares
----------------- ------
BlackRock Strategic Portfolio I Institutional
BlackRock Strategic Portfolio II Institutional
International Small Cap Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Micro-Cap Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
GNMA Portfolio Institutional
Service
Investor A
Investor B
Investor C
Delaware Tax-Free Income
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Kentucky Tax-Free Income
Portfolio Institutional
Service
Investor A
Investor B
Investor C
High Yield Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Class of
Name of Portfolio Shares
----------------- ------
Multi-Sector Mortgage Securities
Portfolio IV Institutional
Global Science & Technology
Portfolio Institutional
Service
Investor A
Investor B
Investor C
European Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Asia Pacific Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Core Equity Portfolio Institutional
Global Communications Portfolio Institutional
Service
Investor A
Investor B
Investor C
Core PLUS Total Return Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Small Cap Core Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Release. "BlackRock Funds" and "Trustees of BlackRock Funds" refer respectively
-------
to the trust created and the Trustees, as trustees but not individually or
personally, acting from time to time under a Declaration of Trust dated December
22, 1988 which is hereby referred to and a copy of which is on file at the
office of the State Secretary of the Commonwealth of Massachusetts and at the
principal office of the Company. The obligations of "BlackRock Funds" entered
into in the name or on behalf thereof by any of the Trustees, officers,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders, officers,
representatives or agents of the Company personally, but bind only the Trust
Property (as defined in the Declaration of Trust), and all persons dealing with
any class of shares of the Customer must look solely to the Trust Property
belonging to such class for the enforcement of any claims against the Company.
Agreed to and accepted as of _________ __, 2001.
BLACKROCK FUNDS(SM)
By:____________________
Name:
Title:
BLACKROCK ADVISORS, INC.
By:____________________
Name:
Title:
PFPC INC.
By:____________________
Name:
Title:
APPENDIX B
----------
Administration Fees Payable
With Respect to BlackRock Funds(SM)
I. Portfolios Fund-Based Administration Fees
---------- ------------------------------
All Portfolios. Administrators are entitled to receive a
combined fee, computed daily and payable
monthly, at an annual rate of .085% of the
first $500 million of each Portfolio's
average daily net assets; .075% of the
next $500 million of each Portfolio's
average daily net assets; and .065% of
each Portfolio's average daily net assets
in excess of $1 billion.
II. Portfolios Class-Specific Administration Fee
---------- ---------------------------------
Managed Income, Core Bond Total Return*, Administrators are entitled to receive a
Intermediate Government Bond, Tax-Free combined fee, computed daily and payable
Income, New Jersey Tax-Free Income, Ohio monthly, at the following maximum annual
Tax-Free Income, Pennsylvania Tax-Free rates based on the average daily net
Income, Low Duration Bond*, Intermediate assets allocated to each respective class
Bond*, International Bond, Government of shares: .145% of the first $500
Income, Multi-Sector Mortgage Securities million of average daily net assets
Portfolio III, Multi-Sector Mortgage allocated to each respective class of
Securities Portfolio IV, BlackRock shares, .135% of the next $500 million of
Strategic Portfolio I, BlackRock such average daily net assets, and .125%
Strategic Portfolio II, GNMA, Delaware of all average daily net assets allocated
Tax-Free Income, Kentucky Tax-Free to a class of shares in excess of $1
Income, High Yield Bond* and Core PLUS billion.
Total Return* Portfolios.
* With respect to BlackRock Shares of each of the Core Bond Total Return, Low
Duration Bond, Intermediate Bond, High Yield Bond and Core PLUS Total Return
Portfolios, the Administrators are entitled to receive a combined fee, computed
daily and payable monthly, at the following maximum annual rates based on the
average daily net assets allocated to BlackRock Shares of each of those
Portfolios: .035% of the first $500 million of average daily net assets
allocated to BlackRock Shares, .025% of the next $500 million of such average
daily net assets, and .015% of all average daily net assets allocated to
BlackRock Shares in excess of $1 billion.
Money Market, Municipal Money Market, U.S. Administrators are entitled to receive a
Treasury Money Market, Ohio Municipal combined fee, computed daily and payable
Money Market, New Jersey Municipal Money monthly, at the following maximum annual
Market, Pennsylvania Municipal Money rates based on the average daily net
Market, North Carolina Municipal Money assets allocated to each respective class
Market and Virginia Municipal Money of shares: .095% of the first $500
Market Portfolios. million of average daily net assets
allocated to a class of shares, .085% of
the next $500 million of such average
daily net assets, and .075% of all average
daily net assets allocated to a class of
shares in excess of $1 billion.
Large Cap Value Equity, Large Cap Growth Administrators are entitled to receive a
Equity, Small Cap Value Equity, combined fee, computed daily and payable
International Equity, Index Equity, monthly, at the following maximum annual
Balanced, Small Cap Growth Equity, Select rates based on the average daily assets
Equity*, Mid-Cap Value Equity, Mid-Cap allocated to each class of shares: .145%
Growth Equity, International Emerging of the first $500 million of average daily
Markets, International Small Cap Equity, net assets allocated to a class of shares,
Micro-Cap Equity, Global Science & .135% of the next $500 million of such
Technology, European Equity, Asia Pacific average daily net assets and .125% of all
Equity, Core Equity, Global average daily net assets allocated to a
Communications and Small Cap Core Equity class of shares in excess of $1 billion.
Portfolios.
* With respect to BlackRock Shares of the Select Equity Portfolio, the
Administrators are entitled to receive a combined fee, computed daily and
payable monthly, at the following maximum annual rates based on the average
daily net assets allocated to BlackRock Shares of the Portfolio: .035% of the
first $500 million of average daily net assets allocated to BlackRock Shares,
.025% of the next $500 million of such average daily net assets, and .015% of
all average daily net assets allocated to BlackRock Shares in excess of $1
billion.
Release. "BlackRock Funds" and "Trustees of BlackRock Funds" refer respectively
-------
to the trust created and the Trustees, as trustees but not individually or
personally, acting from time to time under a Declaration of Trust dated December
22, 1988 which is hereby referred to and a copy of which is on file at the
office of the State Secretary of the Commonwealth of Massachusetts and at the
principal office of the Company. The obligations of "BlackRock Funds" entered
into in the name or on behalf thereof by any of the Trustees, officers,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders, officers,
representatives or agents of the Company personally, but bind only the Trust
Property (as defined in the Declaration of Trust), and all persons dealing with
any class of shares of the Customer must look solely to the Trust Property
belonging to such class for the enforcement of any claims against the Company.
Agreed to and accepted as of _________ __, 2001.
BLACKROCK FUNDS(SM)
By:____________________
Name:
Title:
BLACKROCK ADVISORS, INC.
By:____________________
Name:
Title:
PFPC INC.
By:____________________
Name:
Title:
