Exhibit 99.4(f)
INVESTMENT ADVISORY AGREEMENT
SUPPLEMENT, dated May 1, 2003, to
INVESTMENT ADVISORY AGREEMENT
Supplement, made this 1st day of May, 2003, 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, as previously supplemented, by and between the Adviser and the
Company (the "Investment Advisory Agreement").
WITNESSETH
WHEREAS, the Company desires the Adviser to provide investment advisory services
with respect to the management of the assets of the Asset Allocation Growth
Fund, Asset Allocation Growth and Income Fund and Asset Allocation Income Fund
(together, the "Asset Allocation Funds") of the Company, in the manner and on
the terms hereinafter provided, and the Adviser has agreed to provide such
services.
NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein contained, the Investment Advisory Agreement is hereby supplemented as
follows:
1. Engagement of Investment Advisory Services. The Company engages the
Adviser to provide investment advisory and management services for the
Asset Allocation Funds, in the manner described in the Investment Advisory
Agreement and the Company's Registration Statement on Form N-1A, as
amended.
2. Advisory Fee. Paragraph 6 of the Investment Advisory Agreement is amended
by adding the following sentence at the end thereof:
As compensation for its investment advisory services to the Asset
Allocation Funds, the Adviser shall receive no additional
compensation from the Company.
IN WITNESS WHEREOF, the undersigned have executed this Supplement to the
Investment Advisory Agreement by their duly authorized officers as of the date
first written above.
MUTUAL OF AMERICA MUTUAL OF AMERICA
CAPITAL MANAGEMENT CORPORATION INVESTMENT CORPORATION
By_______________________________ By_________________________
Name: Name:
Title: Title:
