EX-99.H.9 3 exh9-his.htm

Exhibit (H)(9)

SECOND AMENDMENT TO

FUND ACCOUNTING SERVICES AGREEMENT

This Amendment is made as of the 1st day of April, 2003, to each Fund Accounting Services Agreement listed on Schedule A (the “Agreement”) between the Funds listed thereon, on behalf of the Portfolios listed thereon (the “Funds”), and Scudder Fund Accounting Corporation (“Fund Accounting”).

WHEREAS, on March 19, 2003, the Agreement was amended to authorize Fund Accounting to delegate to agents to assist it in performing its duties under the Agreement; and

WHEREAS, Deutsche Investment Management Americas Inc. (the “Adviser”) serves as investment adviser and administrator to the Funds pursuant to separate investment management agreements which were amended on March 19, 2003 to authorize the Adviser to delegate to agents to assist it in performing administrative duties thereunder; and

WHEREAS, on April 1, 2003, Fund Accounting and the Adviser entered into a sub-administration and sub-accounting agreement with State Street Bank and Trust Company (“State Street”) in which Fund Accounting and the Adviser delegated to State Street responsibility for performing certain duties which Fund Accounting and the Adviser otherwise were responsible for under the Agreement and the investment management agreements, respectively; and

WHEREAS, the Section of the Agreement entitled “Compensation and FUND ACCOUNTING Expenses” provides that Fund Accounting shall be entitled to recover its reasonable out-of-pocket expenses, and Section 5 of each investment management agreement provides that the Adviser is not required to pay any expenses of the Funds other than those specifically allocated to the Adviser; and

WHEREAS, the parties wish to clarify the out-of-pocket expenses payable by the Funds under the Agreement.

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:

 

1.

For purposes of the Section of the Agreement entitled “Compensation and FUND ACCOUNTING Expenses,” the reasonable charges of pricing vendors as shown on Schedule B are the only State Street out-of-pocket expenses payable by the Fund hereunder.

 

2.

All other State Street out-of-pocket expenses, including those listed below, may only be reimbursed by the Fund under the Agreement with the prior approval of its Board of Directors/Trustees:

 

insurance

 

legal fees, audit fees and other professional fees

 


 

 

special programming or enhancements to programs or transmissions at an agreed upon rate

 

supplies related to Fund records, archive, telephone, courier, postage, and duplicating fees

 

preparation of financial statements other than annual and semi-annual reports

 

travel and lodging [of State Street employees] for Board and Operations Committee meetings

 

such other expenses as may be mutually agreed

 

3.

Fund Accounting agrees to provide to the Board of Directors/Trustees annually a report summarizing by category and amount the out-of-pocket expenses paid hereunder.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective duly authorized officer as of the day and year first set forth above.

 

 

EACH FUND LISTED ON SCHEDULE A

 

By:       /s/ Richard T. Hale

Name: Richard T. Hale

Title:   Vice President

 

 

 

SCUDDER FUND ACCOUNTING CORPORATION

 

By:       /s/ Barbara Wizer

Name: Barbara Wizer

Title:    Vice President

Accepted and agreed to:

 

DEUTSCHE INVESTMENT MANAGEMENT AMERICAS, INC.

 

By: /s/ DEUTSCHE INVESTMENT MANAGEMENT AMERICAS, INC.

 

 

 

 


 

SCHEDULE A

TO

SECOND AMENDMENT TO FUND

ACCOUNTING SERVICES AGREEMENT

Fund

 

Portfolio

 

Date of Fund
Accounting Services Agreement

 

Scudder Aggressive Growth Fund

 

 

December 31, 1997

Scudder Blue Chip Fund

 

 

December 31, 1997

Scudder Dynamic Growth Fund

 

 

December 31, 1997

Scudder Equity Trust

 

Scudder-Dreman Financial Services Fund

 

March 2, 1998

Scudder Growth Trust

 

Scudder Growth Fund

 

 

Scudder Strategic Growth Fund

 

 

Scudder Investors Trust

 

Scudder S&P 500 Stock Fund

March 31, 2000

Scudder New Europe Fund, Inc.

 

Scudder New Europe Fund

September 3, 1999

Scudder Target Fund

 

Scudder Target 2010 Fund

 

December 31, 1997

 

Scudder Target 2011 Fund

 

December 31, 1997

 

Scudder Target 2012 Fund

 

December 31, 1997

 

Scudder Target 2013 Fund

 

December 31, 1997

 

Scudder Retirement Series – Series IV

 

December 31, 1997

 

Scudder Retirement Series – Series V

 

December 31, 1997

 

Scudder Retirement Series – Series VI

 

December 31, 1997

 

Scudder Retirement Series – Series VII

 

December 31, 1997

 

 


 

 

 

Scudder Worldwide 2004 Fund

 

December 31, 1997

Scudder Technology Fund

 

 

December 31, 1997

Scudder Total Return Fund

 

 

December 31, 1997

Scudder Focus Value Plus Growth Fund

 

 

December 31, 1997

Scudder Value Series, Inc.

 

Scudder Contrarian Fund

 

December 31, 1997

 

Scudder-Dreman High Return Equity Fund

 

December 31, 1997

 

Scudder-Dreman Small Cap Value Fund

 

December 31, 1997

Scudder High Income Series

 

Scudder High Income Fund

December 31, 1997

Scudder State Tax-Free Income Series

 

Scudder California Tax-Free Income Fund

 

December 31, 1997

 

Scudder New York Tax-Free Income Fund

 

December 31, 1997

 

Scudder Florida Tax-Free Income Fund

 

December 31, 1997

Scudder Strategic Income Fund

 

 

December 31, 1997

Scudder U.S. Government Securities Fund

 

 

December 31, 1997

Scudder Variable Series II

 

Scudder Money Market Portfolio

 

December 31, 1997

 

Scudder Total Return Portfolio

 

December 31, 1997

 

Scudder High Income Portfolio

 

December 31, 1997

 

Scudder Growth Portfolio

 

December 31, 1997

 

Scudder Government Securities Portfolio

 

December 31, 1997

 

 


 

 

 

Scudder International Select Equity Portfolio

 

May 1, 1998

 

Scudder Small Cap Growth Portfolio

 

December 31, 1997

 

Scudder Fixed Income Portfolio

 

December 31, 1997

 

Scudder Contrarian Value Portfolio

 

December 31, 1997

 

SVS Dreman Small Cap Value Portfolio

 

December 31, 1997

 

SVS Focus Value+Growth Portfolio

 

December 31, 1997

 

Scudder Blue Chip Portfolio

 

December 31, 1997

 

Scudder Strategic Income Portfolio

 

December 31, 1997

 

SVS Dreman High Return Equity Portfolio

 

May 1, 1998

 

SVS Dreman Financial Services Portfolio

 

May 1, 1998

 

Scudder Global Blue Chip Portfolio

 

May 5, 1998

 

Scudder Aggressive Growth Portfolio

 

May 1, 1999

 

Scudder Technology Growth Portfolio

 

May 1, 1999

 

SVS Index 500 Portfolio

 

September 1, 1999

 

SVS Janus Growth Opportunities Portfolio

 

October 29, 1999

 

 


 

 

 

SVS Janus Growth and Income Portfolio

 

October 29, 1999

 

SVS Eagle Focused Large Cap Growth Portfolio

 

October 29, 1999

 

SVS Invesco Dynamic Growth Portfolio

 

May, 1 2001

 

SVS Turner Mid Cap Growth Portfolio

 

May 1, 2001

 

SVS Oak Strategic Equity Portfolio

 

May 1, 2001

 

SVS Davis Venture Value Portfolio

 

May 1, 2001

 

SVS MFS Strategic Value Portfolio

 

May 1, 2001

Scudder High Income Trust

 

 

December 31, 1997

Scudder Intermediate Government Trust

 

 

December 31, 1997

Scudder Multi-Market Income Trust

 

 

December 31, 1997

Scudder Municipal Income Trust

 

 

December 31, 1997

Scudder Strategic Income Trust

 

 

December 31, 1997

Scudder Strategic Municipal Income Trust

 

 

December 31, 1997

Cash Account Trust

 

Money Market Portfolio

 

December 31, 1997

 

Government Securities Portfolio

 

December 31, 1997

 

Tax-Exempt Portfolio

 

December 31, 1997

Cash Equivalent Fund

 

Money Market Portfolio

 

December 31, 1997

 

Government Securities Portfolio

 

December 31, 1997

 

 


 

 

 

Tax-Exempt Portfolio

 

December 31, 1997

Investors Cash Trust

 

Government Securities Portfolio

 

December 31, 1997

 

Treasury Portfolio

 

December 31, 1997

Investors Municipal Cash Fund

 

Investors Florida Municipal Cash Fund

 

December 31, 1997

 

Investors Michigan Municipal Cash Fund

 

December 31, 1997

 

Investors New Jersey Municipal Cash Fund

 

December 31, 1997

 

Investors Pennsylvania Municipal Cash Fund

 

December 31, 1997

 

Tax-Exempt New York Money Market Fund

 

December 31, 1997

Tax-Exempt California Money

Market Fund

 

 

December 31, 1997

Scudder Money Funds

 

Scudder Money Market Fund

December 31, 1997

 

Scudder Government Money Fund

 

December 31, 1997

 

Scudder Tax-Exempt Money Fund

 

December 31, 1997

Scudder YieldWise Funds

 

Scudder YieldWise Money Fund

 

December 31, 1997

 

Scudder YieldWise Government Money Fund

 

December 31, 1997

 

Scudder YieldWise Municipal Money Fund

 

December 31, 1997

Scudder Portfolios

 

Scudder Cash Reserves Fund

December 31, 1997

 

 


 


 

SCHEDULE B

TO

SECOND AMENDMENT TO FUND

ACCOUNTING SERVICES AGREEMENT

 

QUOTE CHARGES (MONTHLY)1,2

 

Reuters / Bridge Equity Foreign Equities

$ 2.00

Reuters / Bridge Listed Equities and OTC Equities

$ 2.00

Reuters / Bridge Fixed Income Corporate and Government Bonds

$ 11.00

JJ Kenny/S&P Municipal Bonds

$ 12.00

Bear Stearns Corporate and Government Bonds

$ 7.00

CIBC World Markets Canadian Fixed Income

$ 6.00

FRI Corporation International Fixed Income

$ 8.00

FRI Corporation Unlisted Equities

$ 8.00

FT Interactive Data

 

 

¤            Corps, Gov’t Convertibles and ADR

$ 8.00

 

¤            MBS Pools

$ 5.00

 

¤            CMOs

$ 11.00

 

¤            Municipals

$ 11.00

 

¤            International Fixed Income

$ 14.00

 

 

 

 

 

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(1)          For billing purposes, the monthly quote charge will be based on the number of month-end holdings held in the Fund.

 

(2)          This list of vendors and charges may be amended from time to time, as price sources are changed or added.