EXHIBIT (d)(6)
THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
AMENDMENT NO. 2 TO MASTER ADVISORY CONTRACT
AMENDMENT NO. 2 to the Master Advisory Contract between Lutheran
Brotherhood Research Corp. (the "Adviser") and The Lutheran Brotherhood
Family of Funds (the "Trust"), dated as of November 1, 1993, as supplemented
by letters dated June 8, 1996 and May 30, 1997 and Amendment No. 1 thereto
dated December 3rd, 1998, (together, the "Advisory Contract"), effective as
of the 3rd day of December, 1998.
W I T N E S S E T H:
WHEREAS, the Adviser serves as investment adviser to the Lutheran
Brotherhood Fund, Lutheran Brotherhood Opportunity Growth Fund, Lutheran
Brotherhood Income Fund, Lutheran Brotherhood Municipal Bond Fund, Lutheran
Brotherhood Money Market Fund, Lutheran Brotherhood High Yield Fund,
Lutheran Brotherhood World Growth Fund and Lutheran Brotherhood Mid Cap
Growth Fund (each, a "Fund" and collectively, the "Funds"), each a series of
the Trust, pursuant to the Advisory Contract; and
WHEREAS, Section 8(b) of the Advisory Contract provides that
shareholder approval is not required with respect to any amendment that
reduces the investment advisory fees payable by a Fund under the Advisory
Contract; and
WHEREAS, the Adviser, by letter dated October 31, 1997, agreed to a
permanent waiver of a portion of its advisory fee for each of the Funds, in
an amount equal to .25% of average daily net assets of such Fund, as set
forth in Schedule A to such letter; and
WHEREAS, the Trust and the Adviser desire to amend the Advisory
Contract to restate the advisory fees set forth in each of Annex A through
Annex H by incorporating the permanent fee waiver agreed to by the Adviser.
NOW, THEREFORE, in consideration of the foregoing, the parties hereto
agree as follows:
1. Each of Annex A through Annex H of the Advisory Contract is hereby
deleted in its entirety and the following is substituted therefor:
ANNEX A
Lutheran Brotherhood Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$500,000,000 or less .40%
Over $500,000,000 but not over $1,000,000,000 .35%
Over $1,000,000,000 .30%
ANNEX B
Lutheran Brotherhood Opportunity Growth Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$100,000,000 or less .50%
Over $100,000,000 but not over $250,000,000 .40%
Over $250,000,000 but not over $500,000,000 .35%
Over $500,000,000 but not over $1,000,000,000 .30%
Over $1,000,000,000 .25%
ANNEX C
Lutheran Brotherhood Income Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$500,000,000 or less .35%
Over $500,000,000 but not over $1,000,000,000 .325%
Over $1,000,000,000 .30%
ANNEX D
Lutheran Brotherhood Municipal Bond Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$500,000,000 or less .325%
Over $500,000,000 but not over $1,000,000,000 .3125%
Over $1,000,000,000 .30%
ANNEX E
Lutheran Brotherhood Money Market Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$500,000,000 or less .25%
Over $500,000,000 but not over $1,000,000,000 .225%
Over $1,000,000,000 but not over $1,500,000,000 .20%
Over $1,500,000,000 but not over $2,000,000,000 .175%
Over $2,000,000,000 .15%
ANNEX F
Lutheran Brotherhood High Yield Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$500,000,000 or less .40%
Over $500,000,000 but not over $1,000,000,000 .35%
Over $1,000,000,000 .30%
ANNEX G
Lutheran Brotherhood World Growth Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$20,000,000 or less 1.00%
Over $20,000,000 but not over $50,000,000 .85%
Over $50,000,000 .75%
ANNEX H
Lutheran Brotherhood Mid Cap Growth Fund
Rates of Annual
Advisory Fee as
a Percentage of
Average Daily Average Daily
Net Assets Net Assets
On the portion of the Fund which is:
$100,000,000 or less .45%
Over $100,000,000 but not over $250,000,000 .40%
Over $250,000,000 but not over $500,000,000 .35%
Over $500,000,000 but not over $1,000,000,000 .30%
Over $1,000,000,000 .25%
2. All other terms and conditions of the Advisory Contract remain in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to
the Master Advisory Agreement to be executed as of the date first set forth
above.
ATTEST: THE LUTHERAN BROTHERHOOD FAMILY
OF FUNDS
/s/ Xxxx X. Xxxxxxx By: /s/ Xxxx X. Xxxxxxxx
Xxxx X. Xxxxxxx, Secretary Xxxx X. Xxxxxxxx, President
ATTEST: LUTHERAN BROTHERHOOD RESEARCH
CORP.
/s/ Xxxx X. Xxxxxxx By: /s/ Xxxx X. Xxxxxxxx
Xxxx X. Xxxxxxx, Secretary Xxxx X. Xxxxxxxx, President
