▇▇▇▇▇ FARGO CORE TRUST
▇▇▇▇▇ FARGO FUNDS MANAGEMENT, LLC
▇▇▇▇▇ CAPITAL MANAGEMENT INCORPORATED
INVESTMENT SUB-ADVISORY AGREEMENT
Appendix A
-------------------------------------------------------------------
CORE TRUST FUNDS
-------------------------------------------------------------------
Equity Income Portfolio
-------------------------------------------------------------------
Index Portfolio
-------------------------------------------------------------------
International Equity Portfolio
-------------------------------------------------------------------
Small Cap Basic Value Portfolio
-------------------------------------------------------------------
Small Cap Index Portfolio
-------------------------------------------------------------------
Approved by the Board of Trustees on October 24, 2000 and August 6, 2002.
Most Recent Annual Approval Date: August 6, 2002.
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SCHEDULE A
▇▇▇▇▇ FARGO CORE TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 6th day of August, 2002, by and
between ▇▇▇▇▇ Fargo Funds Management, LLC (the "Adviser") and ▇▇▇▇▇ Capital
Management Incorporated (the "Sub-Adviser") and
WHEREAS, the parties and ▇▇▇▇▇ Fargo Funds Trust (the "Trust") have
entered into an Investment Sub-Advisory Agreement ("Sub-Advisory Agreement")
whereby the Sub-Adviser provides investment management advice to each series of
the Trust as listed in Schedule A to the Sub-Advisory Agreement (each a "Fund"
and collectively the "Funds").
WHEREAS, the Sub-Advisory Agreement provides that the fees to be paid
to the Sub-Adviser are to be as agreed upon in writing by the parties.
NOW THEREFORE, the parties agree that the fees to be paid to the
Sub-Adviser under the Sub-Advisory Agreement shall be calculated as follows on a
monthly basis by applying the following annual rates listed for each Fund listed
in Appendix A.
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APPENDIX A TO SCHEDULE A
------------------------------------- ---------------- ----------------------
NAME OF FUND BREAKPOINTS SUB-ADVISORY RATE
------------------------------------- ---------------- ----------------------
Equity Income Portfolio 0-200M 0.25
200-400M 0.20
>400M 0.15
------------------------------------- ---------------- ----------------------
Index Portfolio 0-200M 0.02
>200M 0.01
------------------------------------- ---------------- ----------------------
International Equity Portfolio 0-200M 0.35
>200M 0.25
------------------------------------- ---------------- ----------------------
Small Cap Basic Value Portfolio 0-200M 0.25
>200M 0.20
------------------------------------- ---------------- ----------------------
Small Cap Index Portfolio 0-200M 0.02
>200M 0.01
------------------------------------- ---------------- ----------------------
▇▇▇▇▇ FARGO FUNDS MANAGEMENT, LLC
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇
-----------------------------
▇▇▇▇▇▇ ▇▇▇▇
Vice President
▇▇▇▇▇ CAPITAL MANAGEMENT INCORPORATED
By: /s/ ▇▇▇▇▇ ▇'▇▇▇▇▇
-----------------------------
▇▇▇▇▇ ▇'▇▇▇▇▇
Chief Financial Officer
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