Exhibit G2
[Wellington Management Company, LLP letterhead]
As of August 1, 1997
Xx. Xxxxx X. Xxxxx
Vice President and Treasurer
The New America High Income Fund, Inc.
Fifth Floor
00 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Dear Xxxxx:
This Letter confirms that the Investment Advisory Agreement (the
"Agreement") dated February 19, 1992 between The New America High Income Fund,
Inc. and Wellington Management Company, LLP is amended as of the date set forth
above to replace the first sentence of Section 3, "Compensation of the
Investment Adviser," of the Agreement with the following:
"For the services to be rendered by the Investment Adviser as provided in
Sections 1 and 2 of this Agreement, the Fund shall pay to the Investment
Adviser, as promptly as possible after the last day of each month, an
investment advisory fee at the annual rate of .45% of the Fund's "Average
Net Assets," based on the average weekly net asset value."
Please indicate the Fund's acceptance of this amendment by signing in the
space provided below and return one copy of this letter to me for our files.
Sincerely,
/s/ Xxxxxx X. Xxxxx
----------------------
Xxxxxx X. Xxxxx
Chairman
Agreed and Accepted:
The New America High Income Fund, Inc.
By: /s/ Xxxxx X. Xxxxx
------------------------------
Xxxxx X. Xxxxx
Vice President and Treasurer
