Exhibit h(11)
SUPPLEMENT TO ADMINISTRATION AGREEMENT
July 1, 2000
Pictet Funds, a Massachusetts business trust (formerly known as Panorama
Trust) (the Trust), hereby supplements its Administration Agreement dated
October 3, 1995 (the Administration Agreement) with First Data Investor
Services Group, Inc. (now known as PFPC Inc.), a Massachusetts corporation (the
Administrator), to provide the services as described under the Administration
Agreement for Pictet International Equity Fund (the New Fund). Schedule A to
the Administration Agreement is revised in the form attached hereto.
Fees to be paid by the Trust to the Administrator with respect to the New
Fund will be made in accordance with the Fee Letter Agreement dated October 3,
1995 among the Trust, the Administrator and First Data Distributors, Inc., as
amended to date. Such Fee Letter Agreement is referenced in the Administration
Agreement.
If the foregoing is in accordance with your understanding, kindly indicate
your acceptance of this Supplement by signing and returning the enclosed copy
of
this Supplement.
Very truly yours,
PICTET FUNDS
By: /s/Xxxx X. Xxxxxxx
Authorized Signature
Accepted and Agreed to:
PFPC INC.
By: /s/Xxxxxxx X. Xxxxx
Authorized Signature
SCHEDULE A (as revised July 1, 2000)
SERIES AND CLASSES OF THE TRUST
PICTET GLOBAL EMERGING MARKETS FUND
(with one class of shares)
PICTET INTERNATIONAL SMALL COMPANIES FUND
(with one class of shares)
PICTET EASTERN EUROPEAN FUND
(with one class of shares)
PICTET EUROPEAN EQUITY FUND
(with one class of shares)
PICTET INTERNATIONAL EQUITY FUND
(with one class of shares)
