EXHIBIT (f)(1) [First Tennessee Advisory Services Letterhead] May 29, 2003 Mr. Richard Rantzow Chairman First Funds 370 17th Street, Suite 3100 Denver, Colorado 80202 Re: FIRST FUNDS (THE "TRUST") By our execution of this letter agreement (the...First Funds • June 4th, 2003
By our execution of this letter agreement (the "Agreement") First Tennessee Advisory Services, a department of First Tennessee Bank National Association ("FTB") agrees that in order to reduce expenses of certain of the Trust's portfolios, it will waive a portion of the advisory fees as follows for the fiscal year ending June 30, 2004:
