AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
This is an Amendment to the Investment Advisory Agreement made and entered
into between INVESCO Bond Funds, Inc., a Maryland corporation (the "Company")
and INVESCO Funds Group, Inc., a Delaware corporation ("IFG"), as of the 28th
day of February, 1997 (the "Agreement").
WHEREAS, the Company desires to have IFG perform investment advisory,
statistical, research, and certain administrative and clerical services with
respect to management of the assets of the Company allocable to the INVESCO
Tax-Free Bond Fund (formerly, INVESCO Tax-Free Long-Term Bond Fund), and IFG is
willing and able to perform such services on the terms and conditions set forth
in the Agreement;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained in the Agreement, it is agreed that the terms and conditions of the
Agreement shall be applicable to the Company's assets allocable to the INVESCO
Tax-Free Bond Fund, to the same extent as if the INVESCO Tax-Free Bond Fund was
to be added to the definition of "Funds" as utilized in the Agreement, and that
INVESCO Tax-Free Bond Fund shall pay IFG a fee for services provided to them by
IFG under the Agreement as follows: 0.55% on the first $300 million of the
Fund's average net assets, 0.45% of the next $200 million of the Fund's average
net assets and 0.35% of the Fund's average net assets over $500 million.
IN WITNESS WHEREOF, the parties have executed this Agreement on this 13th
day of August, 1999.
INVESCO BOND FUNDS, INC.
By: /s/ Xxxx X. Xxxxxxxxxx
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Xxxx X. Xxxxxxxxxx
President
ATTEST:
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx, Secretary
INVESCO FUNDS GROUP, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Senior Vice President
ATTEST:
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx, Secretary
