GAM FUNDS, INC.
GAM International Management Limited
00 Xx. Xxxxx'x Xxxxx
Xxxxxx XXXX 0XX
XXXXXXX
AMENDMENT NUMBER 4 TO AMENDED AND RESTATED INVESTMENT ADVISORY CONTRACT
Dear Sirs:
The undersigned, GAM Funds, Inc., a Maryland corporation (the "Fund"), is
an open-end diversified series investment company, registered under the
Investment Company Act of 1940, as amended (the "1940 Act"). We refer to the
Amended and Restated Investment Advisory Contract dated December 17, 1999 now in
effect between you and the Fund. This letter confirms our agreement that you
shall cease to serve as co-investment adviser with respect to the GAM American
Focus Fund (formerly known as GAM North American Fund) series of the Fund's
shares effective on the date of approval by the shareholders of GAM American
Focus Fund of the appointment of Global Asset Management (USA) Inc. as its
investment adviser.
Except as set forth in this Amendment, the Amended and Restated Investment
Advisory Contract shall remain in full force and effect in accordance with its
terms.
If the above terms and conditions are acceptable to you, please indicate by
signing and returning to us the enclosed copy of this letter, whereupon this
letter shall constitute a binding contract between us.
Very truly yours,
Dated: GAM FUNDS, INC.
By: /s/ XXXXX X. XXXXXXXXXXX
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Name: Xxxxx X. Xxxxxxxxxxx
Title: Vice President
Accepted and Agreed:
GAM INTERNATIONAL MANAGEMENT LIMITED
By: /s/ XXXXXX XXXXX
----------------
Name: Xxxxxx Xxxxx
Title: Director
