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STATE STREET
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DREYFUS FOUNDERS FUNDS, INC
FEE SCHEDULE
EFFECTIVE 08/01/2001
I. SECURITY CUSTODY
A. DOMESTIC SECURITIES
Asset Based Fee on a total relationship basis:
.25/100 of 1% (.25 basis point) on al domestic assets.
Transaction Fee, per transaction:
Depository Eligible $ 5.00
Physical Deliver $15.00
Participant Trust Company (PTC) Eligible $ 8.00
PTC Asset-backed Security Paydown $ 8.00
Other Asset-backed Security Paydown $ 8.00
Federal Funds Wire Received or Delivered $ 4.50
B. FOREIGN SECURITIES
See attached Global Fee schedule, appendix I.
C. BALANCE CREDITS (TO THE FUND)
State Steet will first offset custody fees with custody balance credits, to
the extent excess custody balance credits are available, they can be used
to offset transfer agency fees. Any credits in excess of these two above
mentioned fees will be carried forward from month to month through the end
of the calendar year. Custody balance credits will be applied on a fund by
fund basis to offset fees. For calculation purposes, State Street uses an
actual/actual basis. Balance credits are calculated at 85% of the bank
credit rate applied to average custody collected cash balances for the
month.
The bank credit rate is the equivalent to the lesser of:
The average 91-day Treasury ▇▇▇▇ discount rate for the month, or
The average Federal Funds rate of the month less 50 basis points.
D. OVERDRAFT CHARGES
Overdrafts will be calculated at the Prime Rate (as published in
the Wall Street Journal) and charged on a daily basis.
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II. BANK OPERATIONS
A. ITEM CHARGES
Account Maintenance $ 60.00 per account/month
Checks Cleared $ 0.17 per check
Deposited Items *
Pre-encoded $ 0.085
Un-encoded $ 0.125
Federal Reserve Check Chrg $ 0.08
Internal Transfers $ 1.00 per transfer
Microfilming Checks $ 0.015
Return Items $ 1.15 per item
Check Copies $ 3.00 per check
NSCC Settlement $ 200.00 per month (out of pocket)
ACH Item Fee $ 0.10 per item
ACH File Fee $ 15.00 per file
Wires In/Out $ 4.50 per wire
Stop Payments $ 15.00 per check
Signature Verification $ 0.40 per check
Return Cks to Shareholders ** $0.10 per check
Overdraft Charges Prime rate per Wall Street Journal
B. BALANCE CREDITS
TRANSFER AGENCY:
State Street will first offset bank service fees with bank balance credits,
to the extent excess bank balance credits are available, they can be used
to offset transfer agency fees. Any credits in excess of these two above
fees will be carried forward from month to month through the end of the
calendar year. Bank balance credits will be applied on a fund by fund basis
to offset fees. For calculation purposed, State Street used an
actual/actual basis. Balance credits are calculated at 50% of the bank
credit rate applied to average bank collected cash balances for the month.
The bank credit rate is the equivalent to the lesser of:
The average 91-day Treasury ▇▇▇▇ discount rate of the month, or
The average Federal Funds rate of the month less 50 basis points.
* Additional per item fees will normally be imposed for clearing through
the Federal Reserve System or a direct send to a commercial bank, and for
transportation.
** Plus Postage.
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III. NOTES TO THE ABOVE FEE SCHEDULE
A. Asset based fees will be billed monthly at 1/12th of the annual stated rate
based on monthly average net assets. Annual maintenance fees are payable
monthly at 1/12th of the annual stated rate.
B. The above schedule does not include out-of-pocket or reimbursable expenses
that would be incurred by State Street on the client's behalf. Examples of
these expenses include but are not limited to forms, postage, mailing
services, telephone line and long distance charges, remote client hardware,
disaster recovery, magnetic tapes, printing, ACH bank charges, NSCC
charges, proxy processing, pricing services, and overnight mailing
services. State Street bills these expenses separately from service fees.
C. The fees stated above are exclusive of terminal equipment required in the
client's location(s) and communication line costs.
D. Any fees or out-of-pocket expenses not paid within 30 days of the date of
the original invoice will be charged a late payment fee of 1% per month
until payment of the fees are received by State Street.
E. The fees are guaranteed for a one year period commencing on the effective
date of the service agreement between State Street and the client. These
fees are subject to an annual review. Any changes to the fee schedule will
be communicated in writing at least 60 days prior to their effective date.
F. All Transfer Agency Demand Deposit Account balances will receive earnings
based on the preceding formula stated in Section II - Part B (Balance
Credits). All services for Bank Operations will be billed directly to the
fund.
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DREYFUS FOUNDERS STATE STREET
FUND, INC.
BY: BY:
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TITLE: TITLE:
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DATE: DATE:
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APPENDIX I
GLOBAL FEE SCHEDULE
COUNTRY BASED CHARGES:
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COUNTRY ASSET CHARGE TRANSACTION COUNTRY ASSET CHARGE TRANSACTION
CHARGE CHARGE
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Argentina 25.0 $98.50 Lithuania 35.0 $48.50
Australia 3.0 $25.50 Luxembourg 7.0 $48.50
Austria 7.50 $48.50 Malaysia 10.0 $48.50
Bahrein 50.0 $148.50 Mauritius 40.0 $123.50
Bangladesh 40.0 $98.50 Mexico 6.0 $73.50
Belize 45.0 $123.50 Morocco 40.0 $98.50
Belgium 7.50 $48.50 Namibia 35.0 $123.50
Bermuda 40.0 $73.50 Netherlands 5.0 $28.50
Bolivia 45.0 $123.50 New Zealand 6.0 $48.50
Botswana 40.0 $98.50 Norway 6.0 $48.50
Brazil 20.0 $98.50 Oman 65.0 $148.50
Bulgaria 50.0 $98.50 Pakistan 40.0 $98.50
Canada 2.0 $15.50 Peru 40.0 $98.50
Chile 35.0 $98.50 Philippines 15.0 $98.50
China 35.0 $98.50 Poland 40.0 $98.50
Columbia 45.0 $98.50 Portugal 20.0 $98.50
Croatia 50.0 $98.50 Romania 40.0 $98.50
Cyprus 45.0 $123.50 Russia 35.0 $298.50
Czech Republic 25.0 $98.50 Singapore 10.0 $48.50
Denmark 6.0 $48.50 Slovakia 45.0 $123.50
Ecuador 35.0 $98.50 Slovak Republic 45.0 $73.50
Egypt 45.0 $148.50 Slovania 45.0 $98.50
Estonia 45.0 $48.50 South Africa 5.0 $73.50
Euroclear 3.0 $23.50 South Korea 18.0 $73.50
Finland 10.0 $48.50 Spain 7.50 $68.50
France 4.0 $25.50 Sri Lanka 25.0 $98.50
Germany 4.0 $24.50 Swaziland 40.0 $198.50
Ghana 35.0 $98.50 Sweden 7.50 $21.50
Greece 35.0 $98.50 Switzerland 4.0 $15.50
Hong Kong 9.0 $28.50 Taiwan 22.0 $98.50
Hungary 40.0 $98.50 Thailand 10.0 $73.50
Iceland 35.0 $48.50 Trinidad & 35.0 $98.50
Tobago
India 40.0 $98.50 Tunisia 45.0 $123.50
Indonesia 10.0 $98.50 Turkey 25.0 $98.50
Ireland 6.0 $48.50 Ukraine 55.0 $273.50
Israel 40.0 $98.50 United Kingdom 3.0 $16.50
Italy 5.0 $48.50 Uruguay 40.0 $98.50
Ivory Coast 75.0 $148.50 Venezuela 40.0 $98.50
Jamaica 45.0 $123.50 Zambia 35.0 $98.50
Japan 3.0 $17.50 Zimbabwe 35.0 $98.50
Jordan 40.0 $98.50
Kenya 35.0 $98.50
Latvia 65.0 $48.50
NOTE: Any country not listed above will be negotiated at time of investment.
Out-of-Pocket Expenses will be billed as included (e.g. stamp taxes,
registration costs, script fees, special transportation costs, etc.).
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