Exhibit (h)(12)
ADDENDUM NO. 1 TO THE ADMINISTRATION AGREEMENT
This Addendum, dated as of the 27/th/ day of November, 2000, is entered
into among Firstar Funds, Inc. (formerly, Portico Funds, Inc.) (the "Company"),
a Wisconsin corporation, and Firstar Mutual Fund Services, LLC, a Wisconsin
corporation ("Firstar").
WHEREAS, the Company, and Firstar have entered into an Administration
Agreement dated as of August 1, 2000 (the "Administration Agreement"), pursuant
to which the Company appointed Firstar to provide certain administrative
services to the Company for its Money Market Fund, Tax-Exempt Money Market Fund,
Growth and Income Fund, Short-Term Bond Market Fund (to be renamed Short-Term
Bond Fund), Bond IMMDEX(TM) Fund, Special Growth Fund (to be renamed MidCap Core
Equity Fund), U.S. Government Money Market Fund, Equity Index Fund,
Institutional Money Market Fund, U.S. Treasury Money Market Fund, Balanced
Growth Fund, Growth Fund (to be renamed Large Cap Core Equity Fund),
Intermediate Bond Market Fund (to be renamed Intermediate Bond Fund), Tax-Exempt
Intermediate Bond Fund, International Equity Fund (to be renamed International
Value Fund), MicroCap Fund, Emerging Growth Fund (to be renamed Small Cap Core
Equity Fund), Core International Equity Fund (to be renamed International Growth
Fund), MidCap Index Fund, Small Cap Aggressive Growth Fund, and any other
Firstar Funds that may be contemplated (collectively, the "Funds");
WHEREAS, the Company is establishing additional investment portfolios to
be known as the Ohio Tax-Exempt Money Market Fund, Aggregate Bond Fund, National
Municipal Bond Fund, Missouri Tax-Exempt Bond Fund, U.S. Government Securities
Fund, Strategic Income Fund, Equity Income Fund, Relative Value Fund, Large Cap
Growth Fund, Science & Technology Fund, REIT Fund, Small Cap Index Fund and
Global Equity Fund (the "New Funds") and desires to retain Firstar to act as the
administrator under the Administration Agreement; and
WHEREAS, Firstar is willing to serve as administrator for the New Funds;
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Appointment. The Company hereby appoints Firstar to act as
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administrator to the Company for the New Funds for the period and the terms set
forth herein and in the Administration Agreement. Firstar hereby accepts such
appointment and agrees to render the services set forth herein and in the
Administration Agreement, for the compensation herein provided.
2. Compensation. For the services provided and the expenses assumed
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with respect to the New Funds and the other Funds pursuant to the Administration
Agreement and this Addendum, the Company will pay Firstar, and Firstar will
accept as full compensation therefor, a
fee, computed daily and payable monthly, at the annual rate of 0.125% of the
Company's first $2 billion of average aggregate daily net assets, plus 0.10% of
the Company's average aggregate daily net assets in excess of $2 billion. Such
fee as is attributable to each of the New Funds, shall be a separate charge to
each of the New Funds and shall be the obligation of each of the New Funds.
3. Miscellaneous. Except to the extent supplemented hereby, the
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Administration Agreement shall remain unchanged and in full force and effect and
is hereby ratified and confirmed in all respects as supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of
the date and year first above written.
FIRSTAR FUNDS, INC.
By: /s/ Xxxxx Xxxxxx
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(Authorized Officer)
FIRSTAR MUTUAL FUND SERVICES, LLC
By: /s/ Xxxxxx Xxxxxxxxx
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(Authorized Officer)
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