Exhibit (d)(17)
FORM OF AMENDMENT TO INVESTMENT COMPANY SERVICE AGREEMENT
________, 2008
AGREEMENT between CLEARWATER INVESTMENT TRUST, a Massachusetts business
trust ("Customer"), and Fiduciary Counselling, Inc., a Minnesota corporation
("FCI") .
WHEREAS, Customer and FCI entered into an Investment Company Service
Agreement (the "Service Agreement" )on March 2, 1987, which was amended by
Customer and FCI on May 1, 1995 and December 2, 1999; and
WHEREAS, Customer and FCI now desire to amend the Service Agreement, as
amended, as set forth below; NOW, THEREFORE, the parties hereto agree as
follows:
1. To amend the Service Agreement by deleting the existing Paragraph 1.
and replacing it in its entirety with the following:
1. SERVICES TO BE PROVIDED BY FCI. During the term of this
Agreement, FCI will provide Customer with the services described in
Exhibits A, B and C (the "Exhibits"), which are affixed hereto and
incorporated herein by reference, in connection with the operation
by Customer of the Clearwater Growth Fund, the Clearwater Small Cap
Fund the Clearwater Tax-Exempt Bond Fund, and the Clearwater
International Fund (collectively the "Funds") . In addition, FCI
shall provide Customer and Clearwater Management Co., Inc., Trust's
manager, with all of their respective requirements for space and
clerical assistance in connection with the operation by them of the
Funds.
2. In all other respects the Service Agreement as amended hereby is
ratified and reaffirmed.
IN WITNESS WHEREOF, Customer and FCI have caused this Amendment to be
executed in their respective names by their respective officers thereunto duly
authorized as of the date written above.
Fiduciary Counselling, Inc.
By: _____________________________
Clearwater Investment Trust
By: _____________________________
