EX-99.D(8)
[Xxxxxxxx Capital logo]
Xxxxxxxx Capital Management, Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Tel (000) 000-0000
Fax (000) 000-0000
October 24, 2002
Xxxxxx X. Xxxxxxx
The Xxxxxxxx Funds, Inc.
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxxxx:
This letter will confirm our binding commitment to you that Xxxxxxxx Capital
Management, Inc., the investment adviser to the Xxxxxxxx Growth Fund (the
"Fund"), has agreed to subsidize the Fund such that the total expenses of the
Fund (excluding interest, taxes, brokerage and extraordinary expenses) do not
exceed an annual rate of 1.75% of the Fund's average net assets for the fiscal
years 2003 and 2004.
Sincerely,
XXXXXXXX CAPITAL MANAGEMENT, INC.
By: /s/ Xxxxxxxxx X. Xxxxxxxx
-----------------------------
Xxxxxxxxx X. Xxxxxxxx
President
If this letter accurately represents our agreement, please indicate by signing
below.
THE XXXXXXXX FUNDS, INC.
Accepted By: /s/ Xxxxxx X. Xxxxxxx
------------------------
Xxxxxx X. Xxxxxxx
Secretary and Treasurer
