EXHIBIT 4(k)
USAA Investment Management Company
10750 Xxxxxx X. XxXxxxxxx Freeway
San Xxxxxxx, XX 00000
Gentlemen:
Pursuant to Section 1(b) of the Administration and Servicing Agreement
dated as of August 1, 2001, between USAA Mutual Fund, Inc. (the "Company") and
USAA Investment Management Company (the "Administrator"), please be advised
that the Company has established a new series of its shares, namely, the Value
Fund (the "Fund"), and please be further advised that the Company desires to
retain the Administrator to render administration and shareholder servicing
services under the Administration and Servicing Agreement to the Fund at the
fee stated below:
ADMINISTRATION AND SERVICING FEE SCHEDULE
Fifteen one hundredths of one percent (.15) of the aggregate net assets of the
Value Fund
From time to time, the Administrator may voluntarily waive all or a
portion of the administration and servicing fee payable with respect to a Fund
or pay expenses of the Fund. In addition to any amounts otherwise payable to
the Administrator as an administration and servicing fee for current services
under the Administration and Servicing Agreement, the Company shall be
obligated to pay the Administrator all amounts previously waived or expenses
paid by the Administrator with respect to the Value Fund, provided that such
additional payments are made not later than three years from the date first set
forth below and provided further that the amount of such additional payment in
any year, together with all other expenses of the Fund, in the aggregate, would
not cause the Fund's expense ratio in such year to exceed 1.15% of the average
net assets of the Fund.
In addition, revised Schedule A to the Administration and Servicing
Agreement reflecting the addition of the Fund to the Administration and
Servicing Agreement is attached hereto as Exhibit A, and is hereby approved.
Please state below whether you are willing to render such services at the
fee stated above.
USAA MUTUAL FUND, INC.
Attest: /S/ XXXXXXX X. XXXXXX By: /S/ XXXXXXXXXXX X. XXXXX
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Xxxxxxx X. Xxxxxx Xxxxxxxxxxx X. Xxxxx
Secretary President
Dated: August 3, 2001
We, as the sole shareholder of the above named Fund, do hereby approve the
Administration and Servicing Agreement and are willing to render administration
and shareholder servicing services to the Value Fund at the fee stated above.
In addition, we approve Exhibit A hereto as revised Schedule A to the
Administration and Servicing Agreement.
USAA INVESTMENT MANAGEMENT
COMPANY
Attest: /S/ XXXX X. XXXXXX By: /S/ XXXXX X. XXXXXXX
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Xxxx X. Xxxxxx Xxxxx X. Xxxxxxx
Assistant Secretary Senior Vice President
Dated: August 3, 2001
