1
EXHIBIT (d)(2)
ADDITION OF THE
LEGACY MINNESOTA MUNICIPAL BOND FUND
TO THE
INVESTMENT ADVISORY AGREEMENT
Between
▇▇▇▇▇▇ INVESTMENT FUNDS, INC.
and
▇▇▇▇▇▇ TRUST, N.A.
WHEREAS, ▇▇▇▇▇▇ Investment Funds, Inc. (the "Company") and ▇▇▇▇▇▇ Trust,
N.A. (the "Investment Adviser") have entered into an Investment Advisory
Agreement dated December 17, 1996 (the "Agreement"); and
WHEREAS, the Company is authorized to issue shares of Class C Common
Stock which shall represent a new fund to be called the Legacy Minnesota
Municipal Bond Fund (the "Fund"); and
WHEREAS, the parties desire to add the Fund to the Agreement under the
terms set forth in this Addition.
NOW THEREFORE, the Company and the Adviser agree as follows:
(1) The relationship between the Company and the Adviser with
respect to the Fund shall be governed by the Agreement, as
modified by this Addition.
(2) The defined term "Funds" in the Agreement shall include the
Fund.
(3) For the services to be rendered by the Investment Adviser to
the Fund, the monthly advisory fee set forth in Section 4 of
the Agreement shall be 1/12 of 0.55% (0.55% per annum) on the
average daily net assets of the Fund.
(4) All of the other terms of the Agreement shall apply to the
Fund.
Dated this 23rd day of March, 1999
▇▇▇▇▇▇ INVESTMENT FUNDS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
--------------------- ------------------------------
Its: President Its: Assistant Vice President
---------------- ------------------------
