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LEADERS EQUITY FUND
A SERIES OF PERFORMANCE FUNDS TRUST
August 15, 2000
Trustmark National Bank
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxx 00000
INVESTMENT ADVISORY CONTRACT SUPPLEMENT
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Dear Sirs or Madams:
This will confirm the agreement between Performance Funds Trust (the
"Trust") and Trustmark National Bank (the"Adviser") as follows:
The Leaders Equity Fund (the "Fund") is a series portfolio of the Trust
which has been organized as a business trust under the laws of the State of
Delaware and is an open-end management investment company. The Trust and the
Adviser have entered into a Master Investment Advisory Contract, dated May 19,
1992 (as from time to time amended and supplemented, the "Master Advisory
Contract"), pursuant to which the Adviser has undertaken to provide or make
provision for the Trust for certain investment advisory and management services
identified therein and to provide certain other services, as more fully set
forth therein. Certain capitalized terms used without definition in this
Investment Advisory Contract Supplement have the meanings specified in the
Master Advisory Contract.
The Trust agrees with the Adviser as follows:
1. ADOPTION OF MASTER ADVISORY CONTRACT. The Master Advisory Contract
is hereby adopted for the Fund. The Fund shall be one of the "Funds" referred to
in the Master Advisory Contract; and its shares shall be a "Series" of shares as
referred to therein.
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2. PAYMENT OF FEES. For all services to be rendered, facilities
furnished and expenses paid or assumed by the Adviser as provided in the Master
Advisory Contract and herein, the Fund shall pay a monthly fee on the first
business day of each month, based upon the average daily value (as determined on
each business day at the time set forth in the Prospectus for determining net
asset value per share) of the net assets of the Fund during the preceding month,
at the annual rate of 1.00%
If the foregoing correctly sets forth the agreement between the Trust
and the Adviser, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
LEADERS EQUITY FUND, a series
of Performance Funds Trust
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The foregoing Contract is
hereby agreed to as of the
date hereof:
TRUSTMARK NATIONAL BANK
By:___________________________
Title:
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