EXHIBIT h(2)(b)
AMENDMENT NO. 1
MASTER ADMINISTRATIVE SERVICES AGREEMENT
The Master Administrative Services Agreement (the "Agreement"), dated June
1, 2000, by and between A I M Advisors, Inc., a Delaware corporation, and Tax-
Free Investments Co., a Maryland Corporation, is hereby amended as follows:
Section 3 of the Agreement is hereby deleted in its entirety and replaced
with the following:
"3. As full compensation for the services performed and the
facilities furnished by or at the direction of the Administrator, the
Portfolios shall reimburse the Administrator for expenses incurred by them
or their affiliates in accordance with the methodologies established from
time to time by the Company's Board of Directors. Such amounts shall be
paid to the Administrator on a monthly basis."
All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
Dated: May 9, 2001
A I M ADVISORS, INC.
Attest: /s/ P. XXXXXXXX XXXXX By :/s/ XXXXXX X. XXXXXX
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Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
TAX-FREE INVESTMENTS CO.
Attest: /s/ XXXXX X. XXXXXXX By: /s/ XXXXXX X. XXXXXX
------------------------ ------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)