EX- 99.B(h)
ADDENDUM TO AGENCY AGREEMENT
This ADDENDUM (the "Addendum") to the Agency Agreement made the 1st day of
January, 1998, by and between PBHG Insurance Series Fund, Inc., on its own
behalf and on behalf of each of its current series portfolios (each such current
series portfolio hereinafter jointly and severally referred to as the "Fund"),
and DST Systems, Inc. ("DST") (the "Agreement") is made this 1st day of
September, 2000, by and between PBHG Insurance Series Fund, Inc., on its own
behalf and on behalf of each of the Funds set forth on Exhibit A attached
hereto, as amended from time to time, and DST:
WITNESSETH:
WHEREAS, the Fund desires that DST provide certain institutional services
to the Fund in addition to the services that DST is currently obligated to
provide to the Fund pursuant to the Agreement, and DST desires to provide such
additional services to the Fund;
NOW, THEREFORE, in consideration of the mutual covenants herein contained
and in the Agreement, the parties hereto agree as follows:
1. Scope of Additional Institutional Services. DST shall be responsible for
receiving telephone calls, faxes, letters and transmissions from
institutional clients of the Fund and processing transactions generated by
such telephone calls, faxes, letters and transmissions (collectively, the
"Additional Institutional Services") and all such "Additional Institutional
Services" shall be provided pursuant to the terms and conditions of the
Agreement. The general categories of services DST shall be responsible for
performing include but are not limited to:
(a) Transaction Processing
(1) Telephone Trading
(2) Trust/TPA Trading
(3) Wire Processing
(4) Incoming Mail Processing
(5) Electronic Transmission Balancing and Verification
(6) NSCC Trading
a. Fund/SERV and Networking Balancing
b. Fund/SERV Rejects
c. Late Trades/As-of Trading
d. Defined Contribution Activity
e. Large Dollar Activity
f. Outstanding/Delinquent Orders
g. Dealer File
h. Networking
i. Commission/SERV
j. Fund Updates
k. Dealer Updates
(b) Customer Relationships
a. Telephone Servicing
b. Direct Access to Accounts
c. Specialized Distribution
d. Information Updates
e. Corrective Processing
(c) Management Company Relationship
a. Conference Calls
b. Initial Leads
c. Reporting
d. Agreements
2. Additional Compensation to be Paid DST. In consideration of DST's provision
of the Additional Institutional Services, the Fund will pay DST from time
to time compensation as follows, which compensation shall be in addition to
any compensation payable by the Fund to DST pursuant to the Agreement:
A base annual fee of $8,400 per Portfolio, 1/12 of which will be
payable monthly. DST will waive additional compensation hereunder for
the PBHG Insurance Series - Mid-Cap Value Portfolio until such time as
that Portfolio has an active client.
3. Survival of Terms and Conditions of the Agreement. Other than as
specifically set forth above, the Fund and DST shall remain subject to all
the terms and conditions of the Agreement and, other than as specifically
set forth above, this Addendum shall not change or modify any of such terms
or conditions or any of the duties or obligations of the Fund or DST under
the Agreement.
IN WITNESS WHEREOF, the parties have caused this Addendum to be executed by
their respective duly authorized officers, to be effective as of the day and
year first above written.
DST SYSTEMS, INC.
/s/ XXXXXXXX XXXXXX
Xxxxxxxx Xxxxxx
Group Vice President
PBHG INSURANCE SERIES FUND, INC., on its own
behalf and on behalf of PBHG Growth II
Portfolio, PBHG Large Cap Growth Portfolio,
PBHG Small Cap Value Portfolio, PBHG Select
Value Portfolio, PBHG Mid-Cap Value
Portfolio, PBHG Technology & Communications
Portfolio and PBHG Select 20 Portfolio
/s/ XXX X. XXXXXXXX
Xxx X. Xxxxxxxx
CFO
EXHIBIT A
PBHG Growth II Portfolio
PBHG Large Cap Growth Fund
PBHG Small Cap Value Portfolio
PBHG Select Value Portfolio
PBHG Mid-Cap Value Portfolio
PBHG Technology & Communications Portfolio
PBHG Select 20 Portfolio
