Exhibit (h)(3)

                                  AMENDMENT TO
                            FUND ACCOUNTING AGREEMENT

        This Amendment is made as of November 1, 2002, between AMERICAN
INDEPENDENCE FUNDS TRUST (the "Trust"), a Delaware business trust having its
principal place of business at 3435 Stelzer Road, Columbus, Ohio 43219, and
BISYS FUND SERVICES OHIO, INC. ("Fund Accountant"), a corporation organized
under the laws of the State of Ohio and having its principal place of business
at 3435 Stelzer Road, Columbus, Ohio 43219.

        WHEREAS, the parties entered into a Fund Accounting Agreement dated as
of May 1, 2002 (the "Agreement"), pertaining to each series portfolio of the
Trust other than the series of the Trust known and designated as the Nest Egg
Funds;

        WHEREAS, the parties to wish to amend the Agreement to provide that the
Nest Egg Funds will be covered under the Agreement, and provide the terms under
which the Agreement will apply to the Nest Egg Funds.

        NOW THEREFORE, in consideration of the foregoing and the mutual premises
and covenants herein set forth, the parties agree as follows:

        1.     Capitalized terms not otherwise defined herein shall have the
               same meaning as in the Agreement.

        2.     As of the Effective Date set forth below, Schedule A to the
               Agreement is amended to add the Nest Eggs Funds set forth on
               Schedule A to this Amendment and the Nest Egg Funds shall be
               deemed "Funds" for all purposes under the Agreement. For these
               purposes, the Effective Date shall be November 1, 2002.

        3.     In accordance with Section 3 of the Agreement, the Trust shall
               pay BISYS the compensation set forth on Schedule A to this
               Amendment with respect to the Nest Egg Funds.

        4.     This Amendment may be executed in one or more counterparts, each
               of which will be deemed an original, but all of which together
               shall constitute one and the same instrument.

        5.     Except as specifically set forth in this Amendment, all
               provisions of the Agreement and the Schedules thereto remain in
               full force and effect.



                                    * * * * *

        IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.



                                              AMERICAN INDEPENDENCE FUNDS TRUST


                                              By: ______________________________

                                              Title: ___________________________



                                              BISYS FUND SERVICES OHIO, INC.


                                              By: ______________________________

                                              Title: ___________________________




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                                   SCHEDULE A

                             TO THE AMENDMENT TO THE
                            FUND ACCOUNTING AGREEMENT
                                     BETWEEN
                        AMERICAN INDEPENDENCE FUNDS TRUST
                                       AND
                         BISYS FUND SERVICES OHIO, INC.


FUNDS:         The Nestegg Funds covered by this Amendment are set forth below:

               NESTEGG CAPITAL PRESERVATION FUND
               NESTEGG 2010 FUND
               NESTEGG 2020 FUND
               NESTEGG 2030 FUND
               NESTEGG 2040 FUND

FEES:          Fund Accountant shall be entitled to receive a fee from each
               Nestegg Fund of $15,000 per annum, plus out-of-pocket and
               miscellaneous expenses as set forth in Section 4 of the
               Agreement. For each Fund having more than one class of shares,
               an additional charge of $10,000 for each additional class shall
               apply; however, such charge will be waived for each additional
               class during the first twenty-four (24) months following the
               commencement of operations of the relevant class.



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