EX.(h)(4)(ii)
EXPENSE LIMITATION AGREEMENT
This EXPENSE LIMITATION AGREEMENT is made as of the 31st day of
OCTOBER, 2001 by and between XXXXXX XXXXXXXX INVESTMENT TRUST, a Delaware
business trust (the "Trust"), DEUTSCHE ASSET MANAGEMENT INVESTMENT SERVICES
LTD., a United Kingdom corporation (the "Adviser") and DEUTSCHE ASSET
MANAGEMENT, INC., a Delaware corporation (the "Administrator"), with respect to
the following:
WHEREAS, the Adviser serves as Investment Adviser to the Trust's series
set forth on Exhibit A pursuant to a Management Contract dated January 3, 1994
and an Investment Management Contract dated January 30, 1998, and the
Administrator serves as the Trust's Administrator pursuant to an Administration
Agreement dated August 27, 1998 (collectively, the "Agreements").
NOW, in consideration of the mutual covenants herein contained and
other good and valuable consideration, the receipt whereof is hereby
acknowledged, the parties hereto agree as follows:
4. The Adviser and Administrator agree to waive their fees and
reimburse expenses for the period from October 31, 2001 to March 1,
2003 to the extent necessary so that the total annual operating
expenses for each of the Trust's series set forth on Exhibit A
(each a "Fund") do not exceed the percentage of average daily net
assets set forth on Exhibit A.
5. Upon the termination of any of the Agreements, this Agreement shall
automatically terminate.
6. Any question of interpretation of any term or provision of this
Agreement having a counterpart in or otherwise derived from a term
or provision of the Investment Company Act of 1940, as amended (the
"1940 Act") shall be resolved by reference to such term or
provision of the 1940 Act and to interpretations thereof, if any,
by the United States Courts or in the absence of any controlling
decision of any such court, by rules, regulations or orders of the
Securities and Exchange Commission ("SEC") issued pursuant to said
Act. In addition, where the effect of a requirement of the 1940 Act
reflected in any provision of this Agreement is revised by rule,
regulation or order of the SEC, such provision shall be deemed to
incorporate the effect of such rule, regulation or order. Otherwise
the provisions of this Agreement shall be interpreted in accordance
with the laws of Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers as of the day and year first
above written.
XXXXXX XXXXXXXX INVESTMENT TRUST
Attest: ______________ By: ____________________
Name: Xxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx
Title: Secretary
DEUTSCHE ASSET MANAGEMENT, INC.
Attest: ______________ By: ____________________
Name: Xxx X. Xxxxxx Name: Xxxxxxx X. Xxxx
Title: Vice President
DEUTSCHE ASSET MANAGEMENT INVESTMENT SERVICES LTD.
Attest: ______________ By: ____________________
Name: ______________ Name:
Title:
Exhibit A
Total Fund Operating Expenses
(as a percentage of average
Fund daily net assets)
International Select Equity Fund - Investment Class 1.50%
International Select Equity Fund - Institutional Class 1.25%
International Select Equity Fund - Premier Class 0.90%
International Select Equity Fund - Class A Shares 1.50%
International Select Equity Fund - Class B Shares 2.25%
International Select Equity Fund - Class C Shares 2.25%
Emerging Markets Equity Fund - Institutional Class 1.25%
Emerging Markets Debt Fund - Institutional Class 0.50%
