ADMINISTRATION AGREEMENT
AGREEMENT dated as of January 25, 1999, between COLONIAL TRUST IV, a
Massachusetts business trust (the "Trust"), with respect to each of Colonial
Counselor Selectsm Income Portfolio, Colonial Counselor Selectsm Balanced
Portfolio, Colonial Counselor Selectsm Growth Portfolio (collectively the
"Portfolios"), and COLONIAL MANAGEMENT ASSOCIATES, INC., a Massachusetts
corporation (the "Administrator").
In consideration of the promises and covenants herein, the parties
agree as follows:
1. Subject to the general direction and control of the Board of Trustees of
the Trust, the Administrator shall perform such administrative services as
may from time to time be reasonably requested by the Trust, which shall
include without limitation: (a) providing office space, equipment and
clerical personnel necessary for maintaining the organization of the
Portfolios and for performing the administrative functions herein set
forth; (b) arranging, if desired by the Trust, for Directors, officers and
employees of the Administrator to serve as Trustees, officers or agents of
the Trust if duly elected or appointed to such positions and subject to
their individual consent and to any limitations imposed by law; (c)
preparing and, if applicable, filing all documents required for compliance
by the Trust and the Portfolios with applicable laws and regulations,
including registration statements, registration fee filings, semi-annual
and annual reports to shareholders, proxy statements and tax returns; (d)
preparation of agendas and supporting documents for and minutes of meetings
of Trustees, committees of Trustees and shareholders; (e) coordinating and
overseeing the activities of the Trust's other third-party service
providers to the Portfolios; and (f) maintaining books and records of the
Portfolios (exclusive of records required by Section 31(a) of the 1940
Act). Notwithstanding the foregoing, the Administrator shall not be deemed
to have assumed or have any responsibility with respect to functions
specifically assumed by any transfer agent or custodian of the Portfolios,
by Liberty Asset Management Company ("LAMCO") under the Management
Agreement between LAMCO and the Trust on behalf of the Portfolios.
2. The Administrator shall be free to render similar services to others so
long as its services hereunder are not impaired thereby.
3. Each Portfolio shall pay the Administrator monthly a fee at the annual rate
of 0.0025% of the average daily net assets of such Portfolio.
4. This Agreement shall become effective as of the date of its execution, and
may be terminated without penalty by the Board of Trustees of the Trust or
by the Administrator, in each case on sixty days' written notice to the
other party.
5. This Agreement may be amended only by a writing signed by both parties.
6. In the absence of willful misfeasance, bad faith or gross negligence on the
part of the Administrator, or reckless disregard of its obligations and
duties hereunder, the Administrator shall not be subject to any liability
to the Trust or any of the Portfolios, to any shareholder of the Trust or
the Portfolios or to any other person, firm or organization, for any act or
omission in the course of, or connected with, rendering services hereunder.
COLONIAL TRUST IV
on behalf of Colonial Counselor Select Income
Portfolio, Colonial Counselor Select Balanced
Portfolio and Colonial Counselor Select Growth
Portfolio
By: J. Xxxxx Xxxxxxxxxxx
Controller
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: Xxxxx X. Xxxxxx
Senior Vice President
A copy of the document establishing the Trust is filed with the
Secretary of The Commonwealth of Massachusetts. This Agreement is executed by
officers not as individuals and is not binding upon any of the Trustees,
officers or shareholders of the Trust individually but only upon the assets of
the Portfolio.
