EXHIBIT (d)(2)
FIRST AMERICAN INVESTMENT FUNDS, INC.
EXHIBIT A TO INVESTMENT ADVISORY AGREEMENT
EFFECTIVE OCTOBER 1, 2002
EFFECTIVE DATES:
----------------
PORTFOLIO EFFECTIVE DATE
--------- --------------
Large Cap Value Fund April 2, 1991
Mid Cap Value Fund April 2, 1991
Fixed Income Fund April 2, 1991
Intermediate Tax Free Fund April 2, 1991
Intermediate Term Income Fund September 15, 1992
Equity Index Fund September 15, 1992
Limited Term Income Fund September 15, 1992
Balanced Fund September 15, 1992
Minnesota Intermediate Tax Free Fund December 31, 1993
Colorado Intermediate Tax Free Fund December 31, 1993
Small Cap Growth Fund December 31, 1993
Technology Fund December 31, 1993
International Fund December 31, 1993
Equity Income Fund January 31, 1994
Large Cap Growth Fund January 31, 1994
Real Estate Securities Fund June 12, 1995
Health Sciences Fund January 31, 1996
Oregon Intermediate Tax Free Fund August 5, 1997
California Intermediate Tax Free Fund August 5, 1997
Small Cap Value Fund November 21, 1997
Tax Free Fund July 24, 1998
Minnesota Tax Free Fund July 24, 1998
Mid Cap Growth Fund July 24, 1998
Emerging Markets Fund July 24, 1998
Strategic Income Fund July 24, 1998
California Tax Free Fund February 1, 2000
Arizona Tax Free Fund February 1, 2000
Colorado Tax Free Fund February 1, 2000
Corporate Bond Fund February 1, 2000
Nebraska Tax Free Fund February 28, 2001
High Yield Bond Fund February 28, 2001
Large Cap Core Fund May 2, 2001
Mid Cap Core Fund May 2, 2001
Micro Cap Fund May 2, 2001
Small Cap Core Fund May 2, 2001
Mid Cap Index Fund May 2, 2001
Small Cap Index Fund May 2, 2001
Bond IMMDEX Fund May 2, 2001
U.S. Government Securities Fund May 2, 2001
Missouri Tax Free Fund May 2, 2001
Ohio Tax Free Fund April 30, 2002
Short Tax Free Fund October 25, 2002
Intermediate Government Bond Fund October 25, 2002
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ADVISORY FEES:
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ANNUAL ADVISORY FEE
AS A PERCENTAGE OF
PORTFOLIO AVERAGE DAILY NET ASSETS AVERAGE DAILY NET ASSETS
--------- ------------------------ ------------------------
Large Cap Value Fund(1) On All Assets .65%
Mid Cap Value Fund On All Assets .70%
Fixed Income Fund On All Assets .50%
Intermediate Tax Free Fund On All Assets .50%
Intermediate Term Income Fund On All Assets .50%
Equity Index Fund On All Assets .25%
Limited Term Income Fund On All Assets .50%
Balanced Fund(1) On All Assets .65%
Minnesota Intermediate Tax Free Fund On All Assets .50%
Colorado Intermediate Tax Free Fund On All Assets .50%
Small Cap Growth Fund On All Assets .70%
Technology Fund On All Assets .70%
International Fund(2) On All Assets 1.10%
Equity Income Fund(1) On All Assets .65%
Large Cap Growth Fund(1) On All Assets .65%
Real Estate Securities Fund On All Assets .70%
Health Sciences Fund On All Assets .70%
Oregon Intermediate Tax Free Fund On All Assets .50%
California Intermediate Tax Free Fund On All Assets .50%
Small Cap Value Fund On All Assets .70%
Tax Free Fund On All Assets .50%
Minnesota Tax Free Fund On All Assets .50%
Mid Cap Growth Fund On All Assets .70%
Emerging Markets Fund On All Assets 1.15%
Strategic Income Fund On All Assets .70%
California Tax Free Fund On All Assets .50%
Arizona Tax Free Fund On All Assets .50%
Colorado Tax Free Fund On All Assets .50%
Corporate Bond Fund On All Assets .70%
Nebraska Tax Free Fund On All Assets .50%
High Yield Bond Fund On All Assets .70%
Large Cap Core Fund(1) On All Assets .65%
Mid Cap Core Fund On All Assets .70%
Micro Cap Fund On All Assets 1.40%
Small Cap Core Fund On All Assets .70%
Mid Cap Index Fund On All Assets .25%
Small Cap Index Fund On All Assets .40%
Bond IMMDEX Fund On All Assets .30%
U.S. Government Securities Fund On All Assets .50%
Missouri Tax Free Fund On All Assets .50%
Ohio Tax Free Fund On All Assets .50%
Short Tax Free Fund On All Assets .50%
Intermediate Government Bond Fund On All Assets .50%
(1) The Adviser has agreed to a breakpoint schedule with each of Large Cap
Growth Fund, Large Cap Core Fund, LargE Cap Value Fund, Balanced Fund and Equity
Income Fund. The advisory fee paid separately by each of these funds will be
based on an annual rate of 0.65% for the first $3 billion of each fund's average
daily net assets; 0.625% for average daily net assets in excess of $3 billion up
to $5 billion; and 0.60% for average daily net assets in excess of $5 billion.
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(2) The Adviser has agreed to a breakpoint schedule with International Fund. The
advisory fee paid by this fund will be based on an annual rate of 1.10% for the
first $1.5 billion of the fund's average daily net assets; 1.05% for average
daily net assets in excess of $1.5 billion up to $2.5 billion; and 1.00% for
average daily net assets in excess of $2.5 billion.
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