Exhibit (d)(16)
ADDENDUM NO. 9 TO THE INVESTMENT ADVISORY AGREEMENT
This Addendum, dated as of the 27th day of November, 2000, is entered into
between FIRSTAR FUNDS, INC. (the "Company"), a Wisconsin corporation, and
Firstar Investment Research and Management Company, LLC (the "Investment
Adviser").
WHEREAS, the Company and the Investment Adviser have entered into an
Investment Advisory Agreement dated as of March 27, 1992 (the "Advisory
Agreement"), pursuant to which the Company appointed the Investment Adviser to
act as investment adviser to the Company for its Balanced Fund;
WHEREAS, Section 1(b) of the Advisory Agreement provides that in the event
the Company establishes one or more additional investment portfolios with
respect to which it desires to retain the Investment Adviser to act as the
investment adviser under the Advisory Agreement, the Company shall so notify the
Investment Adviser in writing, and if the Investment Adviser is willing to
render such services it shall notify the Company in writing, and the
compensation to be paid to the Investment Adviser shall be that which is agreed
to in writing by the Company and the Investment Adviser; and
WHEREAS, pursuant to Section 1(b) of the Advisory Agreement, the Company
has notified the Investment Adviser that it has established 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 and that
it desires to retain the Investment Adviser to act as the investment adviser
therefor, and the Investment Adviser has notified the Company that it is willing
to serve as investment adviser for 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 "Funds");
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Appointment. The Company hereby appoints the Investment Adviser
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to act as investment adviser to the Company for the Funds for the period and the
terms set forth herein and
in the Advisory Agreement. The Investment Adviser hereby accepts such
appointment and agrees to render the services set forth herein and in the
Advisory Agreement, for the compensation herein provided.
2. Compensation. For the services provided and the expenses assumed
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with respect to the Funds pursuant to the Advisory Agreement and this Addendum,
the Company will pay the Investment Adviser and the Investment Adviser will
accept as full compensation therefor (a) 4/10 of the gross income earned by each
Fund on the loan of its securities (excluding capital gains and losses if any),
plus (b) a fee, computed daily and paid monthly, at the annual rate of 0.50% of
the average daily net assets of the Ohio Tax-Exempt Money Market Fund, 0.50% of
the average daily net assets of the Aggregate Bond Fund, 0.55% of the average
daily net assets of the National Municipal Bond Fund, 0.45% of the average daily
net assets of the Missouri Tax-Exempt Bond Fund, 0.60% of the average daily net
assets of the U.S. Government Securities Fund, 0.95% of the average daily net
assets of the Strategic Income Fund, 0.75% of the average daily net assets of
the Equity Income Fund, 0.75% of the average daily net assets of the Relative
Value Fund, 0.95% of the average daily net assets of the Large Cap Growth Fund,
1.05% of the average daily net assets of the Science & Technology Fund, 0.75% of
the average daily net assets of the REIT Fund, 0.40% of the average daily net
assets of the Small Cap Index Fund and 0.75% of the average daily net assets of
the Global Equity Fund.
3. Miscellaneous. Except to the extent supplemented hereby, the
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Advisory 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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Title: Vice President
FIRSTAR INVESTMENT RESEARCH
AND MANAGEMENT COMPANY, LLC
By: /s/ Xxxxxx X. Xxxxxxxx
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Title: President
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