Exhibit 99.d(2)
Kobrick-Cendant Investment Trust
000 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
September 1, 1998
Kobrick-Cendant Funds, Inc.
000 Xxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Re: Advisory Agreement
Ladies and Gentlemen:
Reference is made to the Advisory Agreement dated December 22, 1997 (the
"Agreement") between Kobrick-Cendant Investment Trust (f/k/a Kobrick-HFS
Investment Trust) (the "Trust") and Kobrick-Cendant Funds, Inc. (f/k/a
Kobrick-HFS Funds, Inc.) (the "Adviser"). Whereas, on June 1, 1998, the Trustees
of the Trust approved the establishment of the Kobrick-Cendant Growth Fund as a
separate series of the Trust (the "Growth Fund") and authorized the amendment of
the Agreement in connection therewith. Now, therefore, the undersigned parties
agree that the Agreement is amended as of the date hereof to include the Growth
Fund as a Fund (as such term is defined in the Agreement) under the Agreement
and for all of the services to be rendered and payments made as provided in the
Agreement, the Growth Fund will pay the Adviser a monthly advisory fee computed
at the annual rate of 1.00% of the average of the values of the net assets of
the Fund as determined at the close of each business day during the month.
KOBRICK-CENDANT INVESTMENT TRUST
By: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx, President
Date: September 1, 1998
ACCEPTANCE
The foregoing Amendment is hereby accepted.
KOBRICK-CENDANT FUNDS, INC.
By: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx, President
Date: September 1, 1998
