EXPENSE LIMITATION AGREEMENT
AGREEMENT made as of this ____ day of __________, 1999, by and between
Amerindo Funds Inc., a Maryland corporation (the "Company"), and Amerindo
Investment Advisors Inc., a California corporation (the "Adviser").
The Adviser hereby agrees to limit annual total operating expenses of the
Amerindo Technology Fund, a portfolio of the Company (the "Fund"), to not more
than the following amounts:
Class % of Average Net Assets
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A 2.25%
C 3.00%
D 2.25%
This Agreement shall remain in effect until December 31, 2000 and will
automatically renew for successive one-year periods thereafter unless otherwise
terminated by either party.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first written above.
AMERINDO FUNDS INC. AMERINDO INVESTMENT
ADVISORS INC.
By:
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By:
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Title:
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Title:
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