XXXXXX XXXXXXX XXXX XXXXXX INSTITUTIONAL FUND, INC.
AMENDMENT TO MSDW INVESTMENT MANAGEMENT INVESTMENT ADVISORY AGREEMENT
EMERGING MARKETS DEBT PORTFOLIO
AMENDMENT (the "Amendment") TO INVESTMENT ADVISORY AGREEMENT dated as
of May 1, 1997 by and between Xxxxxx Xxxxxxx Institutional Fund, Inc. (now known
as Xxxxxx Xxxxxxx Xxxx Xxxxxx Institutional Fund, Inc.) (the "Fund") and Xxxxxx
Xxxxxxx Asset Management Inc. (now known as Xxxxxx Xxxxxxx Xxxx Xxxxxx
Investment Management Inc.) (the "Adviser") (the "Agreement").
RECITALS
WHEREAS, the Fund has executed and delivered the Agreement which sets
forth the rights and obligations of the parties with respect to the management
of the portfolios of the Fund set forth on Schedule A to such Agreement, as
amended and supplemented from time to time.
WHEREAS, the Fund has changed the management fee of the Emerging
Markets Debt Portfolio (the "Portfolio").
AGREEMENTS
Now, therefore, the parties agree as follows:
The compensation of the Adviser as set forth in Paragraph 3 of the
Agreement with respect to the Portfolio will be as set forth below:
PORTFOLIO CONTRACTUAL RATE OF ADVISORY FEES
Emerging Markets Debt Portfolio 0.75%
This Amendment may be executed in any number of counterparts,
each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.
The parties listed below have executed this Amendment as of the 12 day
of October, 1999
XXXXXX XXXXXXX XXXX XXXXXX XXXXXX XXXXXXX XXXX XXXXXX
INVESTMENT MANAGEMENT INC. INSTITUTIONAL FUND, INC.
/s/ Xxxxxx X. Xxxxxxx, Xx. /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxxxx, Xx. Name: Xxxxxxx X. Xxxxx
Title: Principal, General Counsel and Title: President
Secretary
