Exhibit (d)(1)(b)
XXXXXX INSIGHT FUNDS TRUST
0000 Xxxxxxx Xxxxx
Xxxx xx Xxxxxxx, XX 00000
--------, 2002
Xxxxxx Investment Management, Inc.
000 X. XxXxxxx Xxxxxx 0xx Xxxxx
Xxxxxxx, XX 00000
To Whom It May Concern:
Reference is made to the notice provisions of the following agreements
on behalf of Xxxxxx Insight Funds Trust (the "Trust"): the Investment Advisory
Contract between Xxxxxx Investment Management, Inc. ("HIM") and the Trust dated
April 28, 2000; the Distribution Agreement between PFPC Distributors, Inc.
("PFPC-DI") and the Trust dated March 16, 2001; the Administration Agreement
between Xxxxxx Trust and Savings Bank ("Xxxxxx") and the Trust dated July 1,
1996; the Sub-Administration and Accounting Services Agreement between Xxxxxx
and PFPC Inc. ("PFPC") dated July 1, 1996; the Transfer Agency Agreement between
Xxxxxx and the Trust dated July 1, 1996; the Sub-Transfer Agency Services
Agreement between Xxxxxx and PFPC dated July 1, 1996; the Custodian Agreement
between the Trust and PFPC Trust Company ("PFPC-TC"), dated February 23, 1996;
and the Sub-Custodian Services Agreement among PFPC-TC, PNC Bank, N.A. ("PNC")
and the Trust dated February 18, 1999; (each an "Agreement," and collectively,
the "Agreements").
This writing is to provide notice of the addition of a new series under
the Trust: Xxxxxx Insight High Yield Bond Fund (the "New Portfolio"). The New
Portfolio is to be considered a Fund under each Agreement or to Exhibit A to the
Agreements, if applicable, and shall be subject to the terms set forth under the
Agreements unless otherwise provided herein. HIM shall be compensated for
services rendered under each applicable Agreement as is consistent with the
particular Agreement or the Fee Letter Agreement dated May 1, 1999, as amended
and restated April 1, 2002, whichever is applicable.
The Trust requests that you act in the capacity of Investment Adviser
with respect to the New Portfolio while continuing to act as Investment Adviser
with respect to the Funds named in the Agreements or to Exhibits A to the
Agreements, if applicable.
If the foregoing is in accordance with your understanding, please so
indicate by signing and returning to us the enclosed copy hereof.
Sincerely,
Xxxxxx Insight Funds Trust
------------------------------
Xxxxx X. Xxxxxxxx
President
Xxxxxx Investment Management, Inc.
Accepted: _________________________
By:
Title:
EXHIBIT A
This Exhibit A, dated as of , 2002, is Exhibit A to the Investment Advisory
Contract dated April 28, 2000 between Xxxxxx Insight Funds Trust and Xxxxxx
Investment Management, Inc.
XXXXXX INSIGHT FUNDS
Fund Fee (1)
--------- -------
Xxxxxx Insight Government Money Market Fund 1st $100 million: 0.14
>$100 million: 0.10
Xxxxxx Insight Money Market Fund 1st $100 million: 0.14
>$100 million: 0.10
Xxxxxx Insight Tax-Exempt Money Market Fund 1st $100 million: 0.14
>$100 million: 0.10
Xxxxxx Insight Short/Intermediate Bond Fund 0.70
Xxxxxx Insight Bond Fund 0.65
Xxxxxx Insight High Yield Bond Fund 0.45
Xxxxxx Insight Intermediate Government Bond Fund 0.65
Xxxxxx Insight Intermediate Tax-Exempt Bond Fund 0.60
Xxxxxx Insight Tax-Exempt Bond Fund 0.60
Xxxxxx Insight Convertible Securities Fund 0.70
Xxxxxx Insight Equity Fund 0.70
Xxxxxx Insight Large-Cap Aggressive Growth Fund 0.75
Xxxxxx Insight Small-Cap Aggressive Growth Fund 0.75
Xxxxxx Insight Technology Fund 0.75
Xxxxxx Insight Equity Income Fund 0.70
Xxxxxx Insight Growth Fund 0.90
Xxxxxx Insight Small-Cap Opportunity Fund 1.00
Xxxxxx Insight Small-Cap Value Fund 0.80
Xxxxxx Insight Index Fund 0.25
Xxxxxx Insight Balanced Fund 0.60
Xxxxxx Insight International Fund 1.05
Xxxxxx Insight Emerging Markets Fund 1.25
(1) Calculated as a percentage of average daily net assets for each portfolio.
XXXXXX INSIGHT FUNDS TRUST
By: ___________________________
Xxxxx X. Xxxxxxxx
Title: President
XXXXXX INVESTMENT MANAGEMENT, INC.
By: ___________________________
Title: