EXHIBIT 99-5(b)(4)
LETTER AGREEMENT
August 24, 1992
Xxxxx Xxxxxxx Company
000 X Xxxxxx
Xxxxxx, XX 00000
Dear Sirs:
Pursuant to Section 3 of the Service Agreement between Xxxxx Xxxxxxx Investment
Company and Xxxxx Xxxxxxx Company, dated May 1, 1987, the Xxxxx Xxxxxxx
Investment Company advises you that it is creating three new funds to be named
the Fixed Income III, Multistrategy Bond and Emerging Markets Funds (the
"Funds") and that the Funds desires Xxxxx Xxxxxxx Company to provide PVS
Services with respect to the Funds pursuant to the terms and conditions of the
Service Agreement. The fees to be charged by the Administrator to the Funds in
return for its services are as set forth the Service Agreement.
Please indicate your acceptance to provide the service to the Fixed Income III,
Multistrategy Bond, Emerging Markets and Emerging Markets Securities Funds by
executing the acceptance copy of the Letter Agreement and returning it to the
undersigned.
Sincerely,
XXXXX XXXXXXX INVESTMENT COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Director of Operations
Accepted this 28th day of August, 1992.
XXXXX XXXXXXX COMPANY
By: /s/ Xxxx X. Xxx
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Xxxx X. Xxx, Secretary
