0000770161-97-000011 Sample Contracts

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PRINCIPAL UNDERWRITING AGREEMENT THIS PRINCIPAL UNDERWRITING AGREEMENT, between THE AMERICAN FUNDS INCOME SERIES, a Massachusetts business trust (the "Trust"), and AMERICAN FUNDS DISTRIBUTORS, INC., a California corporation ("AFD"); W I T N E S S E T...
Principal Underwriting Agreement • October 30th, 1997 • American Funds Income Series • California

If you initiate and are responsible for sales of shares a) amounting to $1 million or more or b) made at net asset value to retirement plans of organizations with collective retirement plan assets of $100 million or more, you will be paid a dealer commission of 1.00% on sales to $2 million, plus 0.80% on amounts over $2 million up to $3 million, plus 0.50% on amounts over $3 million up to $50 million, plus 0.25% on amounts over $50 million up to $100 million, plus 0. 15% on amounts over $100 million. For each account of a shareholder of the respective Companies (and accounts related by the fight of accumulation), only such net asset value sales made over a 12 month period (commencing from the date of the first such sale) will be considered for purposes of determinin the level of dealer commissions to be paid during that period with respect to such account(s). No dealer commissions are paid on any other sales of shares at net asset value, except that commissions may be paid to dealers o

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