Exhibit (h)(14)
EXCELSIOR FUNDS TRUST
AMENDMENT NO. 1
TO
WAIVER AND REIMBURSEMENT AGREEMENT
WHEREAS, Excelsior Funds Trust (the "Company"), U.S. Trust Company, N.A.
(formerly U.S. Trust Company) ("UST") and United States Trust Company of New
York ("USTNY") desire to amend the Waiver and Reimbursement Agreement dated as
of July 31, 2002 (the "Agreement") by and among them to include the Enhanced Tax
Advantaged International Fund and the Equity Income Fund as investment
portfolios of the Company covered by the Agreement; and
WHEREAS, the Waiver and Reimbursement Agreement, as expressly amended
hereby, shall continue in full force and effect.
The parties hereto, intending to be legally bound hereby, agree that the
Agreement is amended as follows:
Exhibit A to the Agreement is hereby amended and restated as follows:
EXHIBIT A TO WAIVER AND REIMBURSEMENT AGREEMENT
Excelsior Funds Trust
Total Annual
Name of Portfolio Operating Expenses
------------------------------------------ ------------------------------
Equity Fund 0.85% (Institutional Shares)
Income Fund 0.87% (Institutional Shares)
Total Return Bond Fund 0.86% (Institutional Shares)
International Equity Fund 1.43% (Institutional Shares)
Optimum Growth Fund 1.35% (Shares)
1.10% (Institutional Shares)
Mid Cap Value Fund 1.28% (Shares)
1.03% (Institutional Shares)
High Yield Fund 1.37% (Shares)
1.12% (Institutional Shares)
Enhanced Tax Advantaged International Fund 1.35% (Shares)
1.15% (Institutional Shares)
Equity Income Fund 1.22% (Shares)
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their officers designated
below as of __________, 2003.
EXCELSIOR FUNDS TRUST
Name: _________________________________
Title: _________________________________
UNITED STATES TRUST COMPANY OF NEW YORK
Name: _________________________________
Title: _________________________________
U.S. TRUST COMPANY, N.A.
Name: _________________________________
Title: _________________________________
