Exhibit (d)(1)(ii)
IXIS ASSET MANAGEMENT ADVISORS, L.P.
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
July 1, 2006
IXIS Advisor Funds Trust III
▇▇▇▇▇▇ Associates Focused Value Fund
▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Treasurer
Re: ▇▇▇▇▇▇ Associates Focused Value Fund Advisory Agreement Addendum
Dear ▇▇. ▇▇▇▇▇▇:
The Advisory Agreement dated March 15, 2001 between IXIS Advisor Funds Trust
III (the "Fund") with respect to its ▇▇▇▇▇▇ Associates Focused Value Fund (the
"Series") and IXIS Asset Management Advisors, L.P. (the "Manager") is hereby
revised, effective July 1, 2006, to delete Section 7 and to replace it with the
following:
7. As full compensation for all services rendered, facilities furnished and
expenses borne by the Manager hereunder, the Fund shall pay the Manager
compensation in an amount equal to the annual rate of 0.90% of the average
daily net assets of the Series, (or such lesser amount as the Manager may from
time to time agree to receive) minus any fees payable by the Fund, with respect
to the period in question, to any one or more Sub-Advisers pursuant to any
Sub-Advisory Agreements in effect with respect to such period. Such
compensation shall be payable monthly in arrears or at such other intervals,
not less frequently than quarterly, as the Board of Trustees of the Fund may
from time to time determine and specify in writing to the Manager. The Manager
hereby acknowledges that the Fund's obligation to pay such compensation is
binding only on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please
sign below where indicated.
IXIS Asset Management Advisors, L.P.
By: IXIS Asset Management DistributionCorporation, its general partner
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: President and Chief Executive Officer
ACCEPTED AND AGREED TO:
IXIS Advisor Funds Trust III, on behalf of
▇▇▇▇▇▇ Associates Focused Value Fund
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Treasurer
Date: July 1, 2006
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