EX-10
TCW GALILEO FUNDS
ADDENDUM TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
TCW GALILEO EUROPEAN EQUITIES FUND
TCW GALILEO INTERNATIONAL EQUITIES FUND
TCW GALILEO JAPANESE EQUITIES FUND
The Investment Advisory and Management Agreement ("Agreement") dated as of
February 20, 1993, by and between TCW Galileo Funds, Inc. (the "Company") and
TCW Funds Management, Inc. (the "Adviser") provides that, in the event the
Company establishes one or more funds with respect to which it desires to retain
the Adviser to act as Investment Adviser, it shall notify the Adviser in writing
and the Adviser may accept such appointment in writing. The Company has created
three new funds called TCW Galileo European Equities Fund, TCW Galileo
International Equities Fund and TCW Galileo Japanese Equities Fund (each a
"Fund") for which the Company desires the Adviser to act as, and for which the
Adviser desires to serve as, investment adviser.
All terms of the Agreement shall apply to each Fund, except that:
(a) The Company shall pay the Adviser compensation for services performed
with respect to each Fund in accordance with Section 4 of the Agreement a fee
computed at an annual rate specified in the following chart:
Fund ANNUAL FEE RATE
---- (expressed as a percentage of net assets)
-----------------------------------------
TCW Galileo European Equities Fund 0.75%
TCW International Equities Fund 0.00%
TCW Galileo Japanese Equities Fund 0.75%
(b) The Adviser shall, until October 31, 1998, reduce its fee, or pay the
operating expenses of each Fund, to the extent necessary to limit the ordinary
annual operating expenses (including without limitation amortization of
organizational expenses) of the Fund (other than brokerage fees and commissions,
interest, taxes and certain extra extraordinary expenses) to the maximum
percentage expressed below of such Fund's average net asset value for the fiscal
year ended October 31, 1998:
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Fund ANNUAL FEE RATE
---- (expressed as a percentage of net assets)
-----------------------------------------
TCW Galileo European Equities Fund 1.20%
TCW Galileo International Equities Fund 1.16%
TCW Galileo Japanese Equities Fund 1.20%
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Addendum to Investment Advisory and Management Agreement as of __________ ___,
1997 in Los Angeles, California.
TCW GALILEO FUNDS, INC.
By: _____________________________
Title: ____________________________
Attest
__________________________________
Secretary
TCW FUNDS MANAGEMENT, INC.
By: _____________________________
Title: ____________________________
Attest
__________________________________
Secretary
C-11
EX-10
TCW GALILEO FUNDS
ADDENDUM TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
TCW GALILEO VALUE OPPORTUNITIES FUND
The Investment Advisory and Management Agreement ("Agreement") dated as of
February 20, 1993, by and between TCW Galileo Funds, Inc. (the "Company") and
TCW Funds Management, Inc. (the "Adviser") provides that, in the event the
Company establishes one or more funds with respect to which it desires to retain
the Adviser to act as Investment Adviser, it shall notify the Adviser in writing
and the Adviser may accept such appointment in writing. The Company has created
a new fund called TCW Galileo Value Opportunities Fund (the "Fund") for which
the Company desires the Adviser to act as, and for which the Adviser desires to
serve as, investment adviser.
All terms of the Agreement shall apply to the Fund, except that:
(a) The Company shall pay the Adviser compensation for services performed
with respect to the Fund in accordance with Section 4 of the Agreement a fee
computed at an annual rate specified in the following chart:
Fund ANNUAL FEE RATE
---- (expressed as a percentage of net assets)
-----------------------------------------
TCW Galileo Value Opportunities Fund 0.80%
(b) The Adviser shall, until October 31, 1998, reduce its fee, or pay the
operating expenses of the Fund, to the extent necessary to limit the ordinary
annual operating expenses (including without limitation amortization of
organizational expenses) of the Fund (other than brokerage fees and commissions,
interest, taxes and certain extra extraordinary expenses) to the maximum
percentage expressed below of such Fund's average net asset value for the fiscal
year ended October 31, 1998:
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Fund ANNUAL FEE RATE
---- (expressed as a percentage of net assets)
-----------------------------------------
TCW Galileo Value Opportunities Fund 1.36%
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Addendum to Investment Advisory and Management Agreement as of __________ ___,
1997 in Los Angeles, California.
TCW GALILEO FUNDS, INC.
By: _____________________________
Title: ____________________________
Attest
__________________________________
Secretary
TCW FUNDS MANAGEMENT, INC.
By: _____________________________
Title: ____________________________
Attest
__________________________________
Secretary
C-13
