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EXHIBIT 5(c)
AMENDMENT NO. 1
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of __________, 1998, amends the Master
Investment Advisory Agreement (the "Agreement"), dated February 28, 1997,
between Short-Term Investments Trust, a Delaware business trust, and A I M
Advisors, Inc., a Delaware corporation. Terms not otherwise defined herein
shall have the meanings ascribed them in the Agreement.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to add a new
portfolio, namely the Government Agency Portfolio;
NOW, THEREFORE, the parties agree as follows:
1) Appendix A to the Agreement is hereby deleted in its entirety and
replaced with the following:
"APPENDIX A
TO
MASTER INVESTMENT ADVISORY AGREEMENT
OF
SHORT-TERM INVESTMENTS TRUST
The Company shall pay the Advisor, out of the assets of a Fund, as
full compensation for all services rendered and all facilities furnished
hereunder, a management fee for such Fund set forth below. Such fee shall be
calculated by applying the following annual rates to the average daily net
assets of such Fund for the calendar year computed in the manner used for the
determination of the net asset value of shares of such Fund.
TREASURY PORTFOLIO
NET ASSETS ANNUAL RATE
---------- -----------
First $300 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.15%
Over $300 million up to and including $1.5 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.06%
Over $1.5 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05%
TREASURY TAXADVANTAGE PORTFOLIO
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.20%
Over $250 million up to and including $500 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.15%
Over $500 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.10%
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GOVERNMENT AGENCY PORTFOLIO
NET ASSETS ANNUAL RATE
---------- -----------
All net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.10%"
2) Notwithstanding anything in the Agreement to the contrary, the terms
and conditions described in Paragraph 10 of the Agreement shall not apply to
the Government Agency Portfolio of the Company.
All other terms and provisions of the Agreement not amended herein
shall remain in full force and effect.
Dated: , 1998
--------------------
SHORT-TERM INVESTMENTS TRUST
Attest: By:
--------------------------- ---------------------------------
Assistant Secretary President
(SEAL)
A I M ADVISORS, INC.
Attest: By:
--------------------------- ---------------------------------
Assistant Secretary President
(SEAL)
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