SCHEDULE I
TO ADMINISTRATION AGREEMENT
DATED FEBRUARY 22, 1995 (AS REVISED APRIL 11, 1995)
BETWEEN
THE BEAR XXXXXXX FUNDS AND BEAR XXXXXXX FUNDS MANAGEMENT INC.
Annual Fees
as a
Percentage of
Average Daily Must be
Name of Series Net Assets Last Approved Approved By
--------------------------- ------------- --------------- --------------
Alpha Growth Portfolio .15 of 1% February 28, 2002 March 31, 2003
High Yield Total Return
Portfolio .15 of 1% February 28, 2002 March 31, 2003
Income Portfolio .15 of 1% February 28, 2002 March 31, 2003
International Equity Portfolio .15 of 1% February 28, 2002 March 31, 2003
Intrinsic Value Portfolio .15 of 1% February 28, 2002 March 31, 2003
Prime Money Market Portfolio .15 of 1% February 28, 2002 March 31, 2003
S&P STARS Opportunities
Portfolio .15 of 1% February 28, 2002 March 31, 2003
S&P Stars Portfolio .15 of 1%* February 28, 2002 March 31, 2003
Small Cap Value Portfolio .15 of 1% February 28, 2002 March 31, 2003
The Insiders Select Portfolio .15 of 1% February 28, 2002 March 31, 2003
As revised May 6, 2002.
--------
* Bear Xxxxxxx Funds Management Inc. will be paid an annual fee equal to an
annual rate of 0.15% of the Portfolio's average daily net assets up to $1
billion, 0.12% of the next $1 billion, 0.10% of the next $3 billion and 0.08% of
net assets above $5 billion. The Bear Xxxxxxx Funds has agreed to pay Bear
Xxxxxxx Management Inc. a monthly fee at the annual rate of 0.05% of the average
daily net assets of the Money Market Portfolio.
