Exhibit 99.(d)(iv)
Addendum to Management Agreement between
Lord Xxxxxx Tax-Free Income Trust
and
Lord, Xxxxxx & Co. LLC
DATED: OCTOBER 1, 2004 (THE "AGREEMENT")
Lord, Xxxxxx & Co. LLC ("Lord Xxxxxx") and Lord Xxxxxx Tax-Free Income
Trust (the "Trust"), on behalf of each of its Florida Series, Georgia Series,
Michigan Series and Pennsylvania Series (each, a "Fund"), do hereby agree that
(a) the annual management fee rate for each Fund with respect to paragraph 2 of
the Agreement shall be reduced as follows: 0.45 of 1% of the first $1 billion of
the Fund's average daily net assets; 0.40 of 1% of the next $1 billion of such
assets; and 0.35 of 1% of such assets in excess of $2 billion.
In addition, Lord Xxxxxx and the Trust, on behalf of its Lord Xxxxxx
Insured Intermediate Tax-Free Fund (the "Fund"), do hereby agree that (a) the
annual management fee rate for the Fund with respect to paragraph 2 of the
Agreement shall be reduced as follows: 0.40 of 1% of the first $2 billion of the
Fund's average daily net assets; 0.375 of 1% of the next $3 billion of such
assets; and 0.35 of 1% of such assets in excess of $5 billion.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Trust.
LORD, XXXXXX & CO. LLC
BY: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member and General Counsel
LORD XXXXXX TAX-FREE INCOME TRUST
BY: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
