0000912057-99-008195 Sample Contracts

ARTICLE I
Investment Advisory Agreement • December 3rd, 1999 • Fpa New Income Inc • California
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AMENDMENT TO THE CUSTODIAN CONTRACT
Custodian Contract • December 3rd, 1999 • Fpa New Income Inc
ARTICLE I
Merger Agreement • December 3rd, 1999 • Fpa New Income Inc
11400 WEST OLYMPIC BOULEVARDo SUITE 1200o LOS ANGELES, CALIFORNIA 90064 (800) 982-4372
Selling Group Agreement • December 3rd, 1999 • Fpa New Income Inc

As the general distributor and agent for FPA Funds (hereinafter referred to as the "Fund" or collectively as the "Funds"), we invite you to become a member of the Selling Group to distribute the shares of the funds on the following terms: 1. Orders for shares received from you and accepted by us will only be at the public offering price applicable to each order as established by and determined in accordance with the then effective Prospectus of the Funds. All orders are subject to acceptance by us and both we and the Funds reserve the right in our sole discretion to reject any order. The Funds also receive the right to withhold or withdraw shares from sale temporarily or permanently. The minimum purchase is as expressed in the applicable current prospectus and no order for less than such amount will be accepted. 2. As members of the Selling Group, you will be allowed a discount from the regular offering price in accordance with the Commission Schedule in effect at the time of the order

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