Exhibit 4(d)
SUPPLEMENT AE
TO
INVESTMENT ADVISORY AGREEMENT
Supplement AE made this 29th day of April, 1994, by and between Mutual of
America Capital Management Corporation, a Delaware corporation (the "Adviser"),
and Mutual of America Investment Corporation , a Maryland corporation (the
"Company"), supplementing the investment advisory agreement dated the 21st day
of April, 1993, by and between the Adviser and the Company (the "Investment
Advisory Agreement").
W I T N E S S E T H
WHEREAS, the Company desires to authorize the Adviser to engage
subadvisory services with respect to the management of the assets of the
Aggressive Equity Fund of the Company (the "Aggressive Equity Fund") in the
manner and on the terms hereinafter set forth;
NOW THEREFORE, in consideration of the promises and the mutual agreements
herein contained, the Investment Advisory Agreement is hereby supplemented as
follows:
1. Engagement of Subadvisory Services. In carrying out its obligations to
manage the investment and reinvestment of the assets of the Aggressive Equity
Fund, the Adviser shall as appropriate and consistent with the limitations set
forth in Paragraph 4 of the Investment Advisory Agreement engage, on behalf of
the Aggressive Equity Fund and with the required consent of the stockholders
thereof, the services of one or more subadvisers (the "Subadvisers"), subject to
any limitations imposed by the Investment Company Act of 1940.
2. Brokerage and Research Services. With respect only to the Aggressive
Equity Fund, Paragraph 5 of the Investment Advisory Agreement shall be
interpreted so that the term "Adviser", whenever it appears in the Paragraph,
includes the Subadvisers.
IN WITNESS WHEREOF, the parties hereto have caused this Supplement AE to
the Investment Advisory Agreement to be duly executed as of the day and year
first above written.
MUTUAL OF AMERICA
CAPITAL MANAGEMENT CORPORATION
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Senior Vice President
MUTUAL OF AMERICA
INVESTMENT CORPORATION
By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx
Title: Senior Exec.Vice Pres. & CFO