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Exhibit (h)(1)(b)
AMENDMENT TO FUND ADMINISTRATION AGREEMENT
EFFECTIVE AS OF September 1, 1999
This AMENDMENT is made part of FUND ADMINISTRATION AGREEMENT (the "Agreement")
dated as of May 9, 1998, as amended, between Nationwide Advisory Services, Inc.
(the "Administrator") and Nationwide Mutual Funds (the "Trust") and is consented
to by Villanova SA Capital Trust ("Villanova SA").
WHEREAS, the Administrator wishes to transfer its fund administration business
to Villanova SA and is asking the Trust to amend the Agreement so that the
Administrator's rights and responsibilities are transferred to Villanova SA (the
"Transfer");
WHEREAS, the Transfer will not result in any reduction in the nature or quality
of the services which have been provided under the Agreement by the
Administrator;
WHEREAS, the Transfer in and of itself will not result in a change in the fees
or reimbursements required to be paid under the Agreement;
WHEREAS, the Trust's Board of Trustees has approved this amendment to the
Agreement pursuant to Section 7 of the Agreement;
NOW, THEREFORE, in consideration of the mutual premises and covenants set forth
herein, the parties hereby agree as follows:
1. Effective September 1, 1999 (the "Effective Date"), the Administrator will
assign all of its rights and responsibilities under the Agreement to
Villanova SA.
2. On the Effective Date, Villanova SA will assume such rights and
responsibilities, subject to the terms of the Agreement.
3. On the Effective Date, Administrator shall be relieved of all of its rights
and responsibilities under the Agreement.
4. Section 2, Services and Duties, is hereby amended to add the following as
the last paragraph of such section:
Villanova SA is authorized to appoint one or more qualified
subadministrators to provide the Trust with certain Administrative
Services provided under the Agreement.
5. All other provisions of the Agreement shall remain in full force and
effect.
6. Villanova SA represents and warrants that it possesses the requisite power
and authority to enter into and perform its obligations under this
amendment.
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IN WITNESS WHEREOF, the parties hereto have caused the Agreement to be duly
executed as of the day and year first written above.
NATIONWIDE ADVISORY SERVICES, INC. NATIONWIDE MUTUAL FUNDS
By: By:
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Title: Title:
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Agreed and Consented to by:
VILLANOVA MUTUAL FUND CAPITAL TRUST
By:
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Title:
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