Exhibit 4(a)(2)
LETTER AGREEMENT
Xxxxx Xxxxxxx Investment Management Company
P.O. Box 1591
Tacoma, WA 98401-1591
Dear Sirs:
This Letter Agreement relates to the Advisory Agreement between Xxxxx Xxxxxxx
Investment Company and Xxxxx Xxxxxxx Investment Management Company dated January
1, 1999 ("Advisory Agreement"). Xxxxx Xxxxxxx Investment Company advises you
that it is creating five new funds to be named Tax-Managed Equity Aggressive
Strategy Fund, Tax-Managed Aggressive Strategy Fund, Tax-Managed Moderate
Strategy Fund, Tax-Managed Conservative Strategy Fund (each, a "Tax-Managed
LifePoints Fund") and Tax-Managed Small Cap Fund (each, a "Fund") and that each
Fund desires Xxxxx Xxxxxxx Investment Management Company to provide advisory
services to the Fund pursuant to the terms and conditions of the Advisory
Agreement. Section 6A of the Advisory Agreement hereby to includes each Fund,
with an annual advisory fee of .20% for each Tax-Managed LifePoints Fund and
.98% for Tax-Managed Small Cap Fund of average daily net assets, payable as set
forth in that Section.
Please indicate your acceptance of the amendment to the Advisory Agreement by
executing the acceptance copy of this letter agreement and returning it to the
undersigned.
Sincerely,
XXXXX XXXXXXX INVESTMENT COMPANY
By:
Xxxx X. Xxxxxxxx
President
Accepted this day of , 1999.
XXXXX XXXXXXX INVESTMENT MANAGEMENT COMPANY
By:
Xxxx X. Xxxxxxx
President
Xxxxx Xxxxxxx Company agrees to provide consulting services without charge to
FRIC upon the request of the Board of Trustees or Officers of the Trust, or upon
the request of Advisor pursuant to Section 2(c).
XXXXX XXXXXXX COMPANY
By:
Xxxxxxx X.X. Xxxxxxxx, President
