Exhibit 4(c)
SUPPLEMENT AA
TO
INVESTMENT ADVISORY AGREEMENT
Supplement AA made this 29th day of April 1, 1994, by and between Mutual
of America Capital Management Corporation, a Delaware corporation (the
"Adviser"), and Mutual of America Investment Corporation, a Maryland corporation
(the "Company"), supplementing the investment advisory agreement dated the 21st
day of April, 1993, by and between the Adviser and the Company (the "Investment
Advisory Agreement").
W I T N E S S E T H
WHEREAS, the Company desires to authorize the Adviser to engage
subadvisory services with respect to the management of the assets of the All
America (previously Stock) Fund of the Company (the "All America Fund") in the
manner and on the terms hereinafter set forth:
NOW THEREFORE, in consideration of the premises and the mutual
agreements herein contained, the Investment Advisory Agreement is hereby
supplemented as follows:
1. Engagement of Subadvisory Services. In carrying out its obligations
to manage the investment and reinvestment of the assets of the All America Fund,
the Adviser shall, as appropriate and consistent with the limitations set forth
in Paragraph 4 of the Investment Advisory Agreement engage, on behalf of the All
America Fund and with the required consent of the stockholders thereof, he
services of one or more subadvisers (the "Subadvisers"), subject to any
limitations imposed by the Investment Company Act of 1940.
2. Brokerage and Research Services. With respect only to the All America
Fund, Paragraph 5 of the Investment Advisory Agreement shall be interpreted so
that the term "Adviser", whenever it appears in the Paragraph, includes the
Subadvisers.
IN WITNESS WHEREOF, the parties hereto have caused this Supplement AA to
the Investment Advisory Agreement to be duly executed as of the day and year
first above written.
MUTUAL OF AMERICA
CAPITAL MANAGEMENT CORPORATION
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Senior Vice President
MUTUAL OF AMERICA
INVESTMENT CORPORATION
By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx
Title: Senior Exec.Vice Pres. & CFO