ADDENDUM TO MANAGEMENT AGREEMENT
THIS ADDENDUM, dated as of September 1, 1996, supplements the Management
Agreement (the "Agreement") dated as of August 1, 1994, by and between Twentieth
Century World Investors, Inc. (the "Corporation") and Investors Research
Corporation (the "Investment Manager"). All capitalized terms used herein and
not otherwise defined have the meaning given them in the Agreement.
IN CONSIDERATION of the mutual promises and conditions herein contained,
the parties agree as follows:
1. The Investment Manager shall manage the following series (the "New Series")
to be issued by the Corporation, and for such management shall receive the
Applicable Fee set forth below:
Name of Series Applicable Fee
Emerging Markets Fund 2.00% of first $500 million
1.50% of the next $500 million
1.25% over $1 billion
2. The Investment Manager shall manage the New Series in accordance with the
terms and conditions specified in the Agreement for its existing management
responsibilities.
IN WITNESS WHEREOF, the parties have caused this Addendum to the Agreement
to be executed by their respective duly authorized officers as of the day and
year first above written.
TWENTIETH CENTURY WORLD
Attest: INVESTORS, INC.
/s/Xxxxxxx X. Xxxxx By: /s/Xxxxx X. Xxxxxxx III
Xxxxxxx X. Xxxxx Xxxxx X. Xxxxxxx III
Secretary President
INVESTORS RESEARCH CORPORATION
Attest:
/s/Xxxxxxx X. Xxxxx By: /s/Xxxxx X. Xxxxxxx III
Xxxxxxx X. Xxxxx Xxxxx X. Xxxxxxx III
Secretary President
