EXHIBIT 99.B5
Addendum to Management
Agreement between Lord Xxxxxx
Investment Trust and Lord, Xxxxxx & Co.
Dated October 20, 1993 (the "Agreement")
Lord, Xxxxxx & Co. and Lord Xxxxxx Investment Trust (the "Trust") on
behalf of Lord Xxxxxx U.S. Government Series ("Fund Series") do hereby agree
that (a) the annual management fee rate for the Fund Series with respect to
paragraph 2 of the Agreement shall be three-quarters (.50) of one percent (1%)
of the average daily net assets of the Fund Series and (b) the expense ratio for
the determination of the repayment by the Fund Series of expenses voluntarily
paid or reimbursed by the Investment Manager pursuant to paragraph 5 of the
Agreement shall be ___% for the period commencing on the first day of the
calendar quarter after the net assets of the Fund Series first reach $50
million. There shall be no change in such ratio on the recalculation date (as
defined in the Agreement).
For purposes of Section 15 (a) of the Act, this Addendum and the
Agreement shall together constitute the investment advisory contract of the
Series.
LORD, XXXXXX & CO.
BY: ________________________
Managing Partner
LORD XXXXXX INVESTMENT TRUST
(on behalf of Lord Xxxxxx U.S. Government Series)
BY: _______________________
Vice President
Dated: December , 1995
