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EXHIBIT (9)(c)
June 1, 1989
Municipal Fund for Temporary Investment
Suite 204
Xxxxxxx Building
Concord Plaza
0000 Xxxxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
Re: Municipal Fund for Temporary Investment
Transfer Agency Services
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Gentleman:
This letter constitutes our agreement with respect to
compensation to be paid to Provident Financial Processing Corporation ("PFPC")
under the terms of a Transfer Agency Agreement between you (the "Company") and
PFPC dated June 1, 1989, with respect to the MuniFund, MuniCash,
Short Municipal Fund, Intermediate Municipal Fund and Long Municipal Fund
portfolios of the Company (the "Portfolios"). Pursuant to Paragraph 16 of that
Agreement, and in consideration of the services to be provided to you, you will
pay PFPC the following:
1. In the case of each account and sub-account in the
Portfolio's maintained by PFPC or a duly designated sub-transfer agent, $12.00
per year;
2. In the case of each purchase or redemption
transaction made by an account in the Portfolios during the month (other than a
purchase transaction made in connection with the reinvestment of dividends on
behalf of a shareholder), $1.00 per transaction;
3. Payments to PFPC on account of sub-accounting
services provided by others shall not exceed the amount paid by PFPC to others
for such services.
The Transfer Agency fees shall be calculated and paid monthly,
on the basis of all accounts open during the month for which fees are
calculated. The fee for the period from the day of the year this agreement is
entered into until the end of the
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Municipal Fund for Temporary Investment
June 1, 1989
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year shall be pro-rated according to the proportion which such period bears to
the full annual period.
In addition to the foregoing, you will reimburse PFPC for its
payment of the following expenses: toll-free telephone lines (if required by
you), forms, wire fees for receipts and disbursements associated costs for
installing and servicing the remote network and terminals, envelopes, checks,
postage, hardware and telephone lines for remote terminals (if required by
you), transcript fees, certificate issuance fees, microfiche and microfilm, and
proxy solicitation expenses (if required by you).
If the foregoing accurately sets forth our agreement and you
intend to be legally bound thereby, please execute a copy of this letter and
return it to us.
Very truly yours,
PROVIDENT FINANCIAL PROCESSING
CORPORATION
By:
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ACCEPTED: MUNICIPAL FUND FOR TEMPORARY INVESTMENT
By:
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Date: June 1, 1989
