Exhibit h(3)
Domini Social Investments LLC
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
November 30, 1999
Domini Institutional Trust
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Expense Limitation Agreement
Ladies and Gentlemen:
Domini Social Investments LLC currently provides oversight and
administrative and management services to Domini Institutional Trust (the
"Trust"), a Massachusetts business trust. We hereby agree with the Trust that
we will waive expenses payable to us by the Trust's series designated Domini
Institutional Social Equity Fund or will reimburse such series for all expenses
payable by that series to the extent necessary so that the series' aggregate
expenses (excluding brokerage fees and commissions, interest, taxes and other
extraordinary expenses), net of waivers and reimbursements, would not exceed on
a per annum basis 0.30% of that series' average daily net assets.
The agreement in this letter shall take effect on the date hereof, and
shall remain in effect until November 30, 2000.
Please sign below to confirm your agreement with the terms of this letter.
Sincerely,
Domini Social Investments LLC
By: ______________________
Title:
Agreed:
Domini Institutional Trust
By:_______________________
Title:
