Exhibit 99(d)(18)
AMENDMENT NO. 1
TO
SUB-INVESTMENT ADVISORY AGREEMENT
THE GLENMEDE FUND, INC.
(SMALL CAPITALIZATION GROWTH PORTFOLIO)
The Sub-Investment Advisory Agreement dated July 6, 2001, as amended, by
and among The Glenmede Fund, Inc. (the "Fund"), Glenmede Advisers, Inc. and TCW
Investment Management Company (the "Agreement") is hereby amended as follows:
Paragraph 9, SERVICES TO OTHER COMPANIES AND ACCOUNTS, is amended and
restated in its entirety as follows:
9. SERVICES TO OTHER COMPANIES OR ACCOUNTS
The services of the Sub-Adviser to the Company and the Adviser are not to
be deemed exclusive, and the Sub-Adviser shall be free to render similar
services to others so long as its services to the Company and the Adviser are
not impaired thereby, PROVIDED HOWEVER, that the Sub-Adviser may not: (1)
perform investment management services, including providing investment advice,
for any other assets of the Small Capitalization Growth Portfolio other than the
Portfolio Account; or (2) consult with any other sub-adviser of the Company, or
affiliated person of such sub-adviser, concerning transactions of the Small
Capitalization Growth Portfolio in securities or other assets, including
transactions in which the other sub-adviser or its affiliate acts as a principal
underwriter concerning securities transactions of the Small Capitalization
Growth Portfolio. Subject to applicable law, nothing in this Agreement shall be
deemed to confer upon the Sub-Adviser any obligation to acquire a position in
any security which the Sub-Adviser, its principals, affiliates, agents or
employees may acquire for its or their own account or for the account of any
other client.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
Except as expressly amended and modified hereby, all provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their officers designated
below as of March 17, 2003.
THE GLENMEDE FUND, INC.
By: /s/ ▇▇▇▇ ▇▇▇ ▇. ▇▇▇▇▇
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Title: President
GLENMEDE ADVISERS, INC.
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Vice President
TCW INVESTMENT MANAGEMENT COMPANY
By: ▇▇▇▇▇▇ ▇. ▇▇▇▇
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Title: Senior Vice President
