Exhibit 5.10
December 27, 1996
Xxxxxxxx-Xxxxxxxxx Investment Trust
000 Xxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
This will confirm our agreement that the Investment Advisory Agreement
between us dated April 19, 1993, as amended, is further amended by adding the
Large Cap Growth Fund series and International Core Growth Fund series as Funds
thereunder. The annual advisory fee with respect to the Large Cap Growth Fund
series shall be 0.75% of the first $500 million of the Fund's average daily net
assets, 0.675% of the next $500 million of net assets, and 0.65% of net assets
in excess of $1 billion, and the annual advisory fee with respect to the
International Core Growth Fund series shall be 1.00% of the first $500 million
of the Fund's average daily net assets, 0.90 of the next $500 million of net
assets, and 0.85% of net assets in excess of $1 billion..
In all other respects, the Investment Advisory Agreement, as
previously amended, will remain in full force and effect. Please sign this
letter below to confirm your agreement with this amendment.
Very truly yours,
s/X. Xxxxx Xxxxx, Xx.
-------------------------
X. Xxxxx Xxxxx, Xx.
Secretary
C-18
AGREED:
Xxxxxxxx-Xxxxxxxxx Capital Management
By: Xxxxxxxx-Xxxxxxxxx Capital
Management Holdings, L.P., its
General Partner
By: Xxxxxxxx-Xxxxxxxxx Capital
Management Holdings, Inc., its
General Partner
s/X. Xxxxx Xxxxx, Xx.
By:
---------------------------
X. Xxxxx Xxxxx, Xx.
Secretary
C-19
