Addendum to Management
Agreement between Lord Xxxxxx
Research Fund, Inc. and Lord, Xxxxxx & Co.
Dated December 12, 2001 (the "Agreement")
Lord, Xxxxxx & Co. and Lord Xxxxxx Research Fund, Inc. (the "Corporation")
on behalf of a series of the Corporation, Lord Xxxxxx America's Value Fund
("Series") do hereby agree that the annual management fee rate for the Series
with respect to paragraph 2 of the Agreement shall be .75% of 1% of the value of
the Series' average daily net assets.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Series.
LORD, XXXXXX & CO.
BY: /s/ XXXX X. XXXXXXX
Partner
LORD XXXXXX RESEARCH FUND, INC.
(on behalf of Lord Xxxxxx America's Value Fund)
BY: /s/ XXXXXXXXX X. XXXXXXX
Vice President
Dated: December 14, 2001