Exhibit (e)(2)
THE GALAXY VIP FUND
DISTRIBUTION AGREEMENT
Amendment No. 1
May 31, 2001
PFPC Distributors, Inc.
0000 Xxxxxxx Xxxxx
Xxxx xx Xxxxxxx, XX 00000
Dear Sirs:
This letter is to confirm that the undersigned, The Galaxy VIP
Fund (the "Trust"), a Massachusetts business trust, has agreed that the
Distribution Agreement between the Trust and PFPC Distributors, Inc. ("PFPC
Distributors") dated as of January 2, 2001 (the "Agreement") is herewith amended
to add the following additional distribution services:
PFPC Distributors shall (i) fund four external wholesaler
positions that will focus exclusively on increasing the sales and
assets of the Trust, The Galaxy Fund and Galaxy Fund II and (ii)
establish eight internal wholesaler positions that will
concentrate exclusively on building relationships and growing the
assets of the Trust, The Galaxy Fund and Galaxy Fund II via the
Alliance partner distribution channel. In addition, PFPC
Distributors shall fund additional distribution and marketing
initiatives as identified by Fleet Investment Management.
If the foregoing is in accordance with your understanding,
will you so indicate by signing and returning to us the enclosed copy hereof.
Very truly yours,
THE GALAXY VIP FUND
By: /s/ Xxxx X. X'Xxxxx
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Name: Xxxx X. X'Xxxxx
Title: President
Accepted:
PFPC DISTRIBUTORS, INC.
By: /s/ Xxxxxxxxx X. Xxxxx
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Name: Xxxxxxxxx X. Xxxxx
Title: Chief Legal Officer; Secretary
