EXHIBIT 10
TCW GALILEO FUNDS
ADDENDUM TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
TCW GALILEO EMERGING MARKETS FIXED INCOME TOTAL RETURN FUND
TCW GALILEO ENHANCED 500 FUND
TCW GALILEO LARGE CAP GROWTH FUND
TCW GALILEO LARGE CAP VALUE FUND
TCW GALILEO VALUE ADDED FUND
The Investment Advisory and Management Agreement ("Agreement") dated as of
February 20, 1993, by and between TCW Galileo Funds, Inc. (the "Company") and
TCW Funds Management, Inc. (the "Adviser") provides that, in the event the
Company establishes one or more funds with respect to which it desires to retain
the Adviser to act as Investment Adviser, it shall notify the Adviser in writing
and the Adviser may accept such appointment in writing. The Company has created
five new funds called TCW Galileo Emerging Markets Fixed Income Total Return
Fund, TCW Galileo Enhanced 500 Fund, TCW Galileo Large Cap Growth Fund, TCW
Galileo Large Cap Value Fund and TCW Galileo Value Added Fund (the "Funds") for
which the Company desires the Adviser to act as, and for which the Adviser
desires to serve as, investment adviser.
All terms of the Agreement shall apply to the Funds, except that:
(a) The Company shall pay the Adviser compensation for services performed
with respect to each Fund in accordance with Section 4 of the Agreement a fee
computed at an annual rate specified in the following chart:
Fund ANNUAL FEE RATE
---- (expressed as a percentage of net assets)
-----------------------------------------
TCW Galileo Emerging Markets Fixed 0.75%
Income Total Return Fund
TCW Galileo Enhanced 500 Fund 0.25%
TCW Galileo Large Cap Growth Fund 0.55%
TCW Galileo Large Cap Value Fund 0.55%
TCW Galileo Value Added Fund 1.00%
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(b) The Adviser shall, until October 31, 1998, reduce its fee, or pay the
operating expenses of each Fund, to the extent necessary to limit the ordinary
annual operating expenses (including without limitation amortization of
organizational expenses) of a Fund (other than brokerage fees and commissions,
interest, taxes and certain extra extraordinary expenses) to the maximum
percentage expressed below of such Fund's average net asset value for the fiscal
year ended October 31, 1998:
Fund ANNUAL FEE RATE
---- (expressed as a percentage of net assets)
-----------------------------------------
TCW Galileo Emerging Markets Fixed
Income Total Return Fund 1.78%
TCW Galileo Enhanced 500 Fund 0.47%
TCW Galileo Large Cap Growth Fund 0.91%
TCW Galileo Large Cap Value Fund 0.55% up to $10,000,000 in net assets,
0.91% thereafter
TCW Galileo Value Added Fund 1.20%
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Addendum to Investment Advisory and Management Agreement as of __________ ___,
1998 in Los Angeles, California.
TCW GALILEO FUNDS, INC.
By: _____________________________
Title: ____________________________
Attest
__________________________________
Secretary
TCW FUNDS MANAGEMENT, INC.
By: _____________________________
Title: ____________________________
Attest
__________________________________
Secretary
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