Exhibit h(3)
AMENDMENT TO
ADMINISTRATION AGREEMENT
This Amendment dated as of September 9, 1999, is entered into by BT
INSURANCE FUNDS TRUST (the "Company") and FIRST DATA INVESTOR SERVICES GROUP,
INC. ("Investor Services Group").
WHEREAS, the Company and Investor Services Group have entered into an
Administration Agreement dated as of December 10, 1998 (as amended or
supplemented, the "Agreement"); and
WHEREAS, the Company and Investor Services Group wish to amend the
Agreement to revise the description of services to be provided by Investor
Services Group to the Company and related matters;
NOW, THEREFORE, the parties hereto, intending to be legally bound
hereby, hereby agree as follows:
I. The following is hereby added to Schedule B of the Agreement:
Sales Support Services
Sales literature review and recommendations for compliance with NASD and SEC
rules and regulations Preparation of training materials for use by personnel of
the Company or the Adviser Preparation of ongoing compliance updates Provision
of advice and counsel to the Company with respect to regulatory matters,
including monitoring regulatory and legislative developments that may affect the
Company Assistance in the preparation of quarterly board materials with regard
to sales and other distribution related data reasonably requested by the board
II. This Amendment shall become effective immediately upon the consummation
of the acquisition of Investor Services Group by a subsidiary of PNC Bank Corp.,
which the parties anticipate to occur on or about December 1, 1999.
III. Except to the extent amended hereby, the Agreement shall remain
unchanged and in full force and effect and is hereby ratified and confirmed in
all respects as amended hereby.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the date and year first written above.
BT INSURANCE FUNDS TRUST
By: /s/Xxxxxx X. Xxxxxxx
FIRST DATA INVESTOR SERVICES
GROUP, INC.
By: /s/Xxxxx X. Xxx
