AMENDMENT TO
INVESTMENT MANAGEMENT AGREEMENT
This Amendment dated as of May 1, 2004, is to the Investment Management
Agreement made as of the 17th day of May, 1995 and amended and restated as of
the 25th day of May, 1995 and the 21st day of December, 1995 (the "Agreement")
by and between Xxxxxxxxx Global Advisors Limited, a U.S. registered investment
adviser and a Bahamian corporation (the "Manager") and Templeton Global
Investment Trust, on behalf of Templeton International (Ex EM) Fund (the
"Fund").
WITNESSETH:
WHEREAS, both the Manager and Templeton Global Investment Trust wish to
amend Paragraph 4 of the Agreement; and
WHEREAS, the Board of Trustees of Templeton Global Investment Trust,
including a majority of the Independent Trustees of Templeton Global Investment
Trust present in person, approved the following amendment at a meeting called
for such purpose on April 20, 2004.
NOW, THEREFORE, in consideration of the foregoing premises, the parties
hereto agree as follows:
The Fund agrees to pay to the Manager a monthly fee in dollars, at the
annual rate of the Fund's daily net assets, as listed below, payable at the end
of each calendar month:
0.75%, up to and including $1 billion
0.73% over $1 billion, up to and including $5 billion
0.71% over $5 billion, up to and including $10 billion
0.69% over $10 billion, up to and including $15 billion
0.67% over $15 billion, up to and including $20 billion
0.65% over $20 billion
IN WITNESS WHEREOF, this Amendment has been executed on behalf of each
party as of the date set forth above.
XXXXXXXXX GLOBAL ADVISORS LIMITED
By: /s/XXXXXXX X. XXXXXXX
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Xxxxxxx X. XxXxxxx
Executive Vice President and Secretary
TEMPLETON GLOBAL INVESTMENT TRUST
By:/s/XXXXXX X. XXXXXXX
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Xxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
