AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT
This is an Amendment to the Administrative Services Agreement made and
entered into between INVESCO Funds Group, Inc., a Delaware corporation
("INVESCO"), and INVESCO Specialty Funds, Inc., a Maryland corporation (the
"Fund") as of the 28th day of February, 1997 (the "Agreement").
WHEREAS, the Fund and INVESCO are affiliated companies; and
WHEREAS, the Fund desires to amend the amount of payment that it pays to
INVESCO for certain administrative, sub-accounting and recordkeeping services as
described in the Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained in the Agreement, it is agreed that paragraph 5 of the Agreement is
hereby amended to read as follows:
For the services rendered, facilities furnished, and expenses
assumed by INVESCO under this Agreement, the Fund shall pay to INVESCO a
$10,000 per year per Portfolio base fee, plus an additional fee, computed
on a daily basis and paid on a monthly basis. For purposes of each daily
calculation of this additional fee, the most recently determined net asset
value of each Portfolio, as determined by a valuation made in accordance
with the Fund's procedure for calculating each Portfolio's net asset value
as described in the Portfolios' Prospectus and/or Statement of Additional
Information, shall be used. The additional fee to INVESCO under this
Agreement shall be computed at the annual rate of 0.045% of each
Portfolio's daily net assets as so determined. During any period when the
determination of a Portfolio's net asset value is suspended by the
directors of the Fund, the net asset value of a share of that Portfolio as
of the last business day prior to such suspension shall, for the purpose
of this Paragraph 5, be deemed to be the net asset value at the close of
each succeeding business day until it is again determined.
IN WITNESS WHEREOF, the parties have executed this Agreement effective as of
the 13th of May, 1999.
INVESCO FUNDS GROUP, INC.
By: /s/ Xxxx X. Xxxxxxxxxx
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Xxxx X. Xxxxxxxxxx
President
ATTEST:
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx
Secretary
INVESCO SPECIALTY FUNDS, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Treasurer & Chief Financial
Officer &
Accounting Officer
ATTEST:
/s/ Xxxx X. Xxxxx
-----------------
Xxxx X. Xxxxx
Secretary
