James M. Seed February , 2005 -- Interim Chairman of the Board of Trustees The Galaxy Fund One Financial Center Boston, MA 02111 Re: Advisory Fee Waiver and Expense Caps Dear Mr. Seed: Reference is hereby made to the Advisory Agreement dated as of...Advisory Agreement • February 25th, 2005 • Galaxy Fund /De/
Reference is hereby made to the Advisory Agreement dated as of June 3, 2004 (the "Agreement") between The Galaxy Fund ("Galaxy") and Columbia Management Advisors, Inc. ("Columbia"). Intending to be legally bound, Columbia hereby agrees to waive a portion of the advisory fees which it is entitled to receive pursuant to the Agreement with respect to Galaxy's Prime Reserves, Government Reserves and Tax-Exempt Reserves (the "Reserve Funds") for the period February 28, 2005 through February 27, 2006 so that the advisory fees for each Reserve Fund will not exceed 0.20% of each Reserve Fund's average daily net assets. Columbia acknowledges that it will not be entitled to collect on or make a claim for waived advisory fees at any time in the future.
