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EXHIBIT h(6)(a)
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of this 17th day of
December, 1999 between Short-Term Investments Trust (the "Company"), on behalf
of the funds listed on Exhibit "A" to this Memorandum of Agreement (the
"Funds"), and Fund Management Company ("FMC").
For and in consideration of the mutual terms and agreements set forth
herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Company and FMC agree as follows:
The Company and FMC agree until the date set forth on the attached
Exhibit "A" that FMC will limit Rule 12b-1 distribution plan payments to the
rates set forth on Exhibit "A" of the average daily net assets allocable to such
class. Neither the Company nor FMC may remove or amend the limits to the
Company's detriment prior to the date set forth on Exhibit "A." FMC will not
have any right to reimbursement of any amount so limited.
The Company and FMC agree to review the then-current limits for each
class of each Fund listed on Exhibit "A" on a date prior to the date listed on
that Exhibit to determine whether such limits should be amended, continued or
terminated. Unless the Company, by vote of its Board of Trustees, or FMC
terminates the limits, or the Company and FMC are unable to reach an agreement
on the amount of the limits to which the Company and FMC desire top be bound,
the limits will continue for additional one-year terms at the rate to which the
Company and FMC mutually agree. Exhibit "A" will be amended to reflect that rate
and the new date through which the Company and FMC agree to be bound.
It is expressly agreed that the obligations of the Company hereunder
shall not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Company personally, but shall only bind the assets
and property of the Fund, as provided in the Company's Agreement and Declaration
of Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of the Company, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of the Company acting as
such; neither such authorization by such Trustees nor such execution and
delivery by such officer shall be deemed to have been made by any of them
individually or to impose any liability on any of them personally, but shall
bind only the assets and property of the Fund, as provided in the Company's
Agreement and Declaration of Trust.
IN WITNESS WHEREOF, the Company and FMC have entered into this
Memorandum of Agreement as of the date first above written.
Short-Term Investments Trust,
on behalf of each Fund listed in Exhibit "A"
to this Memorandum of Agreement
By: /s/ XXXXXX X. XXXXXX
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Title: President
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Fund Management Company
By: /s/ X. XXXXXX XXXXXXX
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Title: President
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EXHIBIT "A"
SHORT-TERM INVESTMENTS TRUST
FUND LIMITATION COMMITTED UNTIL
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Treasury Portfolio
Cash Management Class 0.08% June 30, 2000
Resource Class 0.16% June 30, 2000
Private Investment Class 0.30% June 30, 2000
Personal Investment Class 0.50% June 30, 2000
Reserve Class 0.80% June 30, 2000
Treasury TaxAdvantage Portfolio
Cash Management Class 0.08% June 30, 2000
Resource Class 0.16% June 30, 2000
Private Class 0.25% June 30, 2000
Personal Investment Class 0.50% June 30, 2000
Reserve Class 0.80% June 30, 2000
Government & Agency Portfolio
Cash Management Class 0.08% June 30, 2000
Resource Class 0.16% June 30, 2000
Private Investment Class 0.30% June 30, 2000
Personal Investment Class 0.50% June 30, 2999
Reserve Class 0.80% June 30, 2000
