Exhibit (h)(1)(e)
Exhibit 1
THIS REVISED EXHIBIT 1, dated as of December 23, 2003 is the Revised Exhibit 1
to the Transfer Agency and Services Agreement dated April 1, 1998, as amended,
between PFPC Inc. and Forward Funds, Inc. (the "Fund"). The following is the
list of the Fund's Portfolios that are subject to the Agreement:
LIST OF PORTFOLIOS
Forward Xxxxxx Small Cap Equity Fund
Forward Xxxxxx Mini-Cap Fund
Forward Uniplan Real Estate Investment Fund
Forward Xxxxxxxxxx International Growth Fund
Forward International Small Companies Fund
Sierra Club Stock Fund
Sierra Club Balanced Fund
FORWARD FUNDS, INC. PFPC INC.
By: /s/ Xxxx X. XxXxxxx By: /s/ Xxxxx X. Xxxxxx
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Title: COO Title: Senior Vice President
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