EX-99.H 3 ex_h5.txt AMENDMENT TO PRICING AND BOOKKEEPING AGMT AMENDMENT TO PRICING AND BOOKKEEPING AGREEMENT This Amendment is made and entered into this 1st day of July, 2001 by and among each Massachusetts Business Trust (the "Trust") designated in Appendix I from time to time, and Colonial Management Associates, Inc. ("Colonial"), a Massachusetts corporation. WHEREAS, each Trust and Colonial previously entered into a Pricing and Bookkeeping Agreement dated September 28, 1995, as amended (the "Agreement"); and WHEREAS, the parties desire to amend the compensation provision of the Agreement and add a provision that allows Colonial to delegate its responsibilities under the Agreement. NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties hereto as herein set forth, the parties covenant and agree as follows: 1. Paragraph 4 (Compensation) of the Agreement is amended and restated in its entirety as follows: "4. Compensation. The Trust will pay Colonial for each Fund a monthly fee consisting of a Flat Fee plus an Asset-Based Fee, as follows: (a) "Flat Fee." For each Fund that is a stand-alone fund or a master fund in a master/feeder structure, as identified as such on Schedule A, an annual fee of $10,000, paid monthly. For each Fund that is a feeder fund in a master/feeder structure, as identified as such on Schedule A, an annual fee of $5,000, paid monthly; plus (b) "Asset-Based Fee." For each Fund that is a stand-alone fund or a feeder fund in a master/feeder structure, as identified as such on Schedule A, that has average net assets of more than $50 million in any particular month, a monthly fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(number of stand-alone funds and master funds on Schedule A x $105,000) + (number of feeder funds on Schedule A x $12,000) - (annual flat fees payable by each fund on Schedule A)] / (average monthly net assets of all stand-alone funds and feeder funds on Schedule A with average monthly net assets of more than $50 million in that month) [Note: certain of the funds listed on Schedule A are not party to the Agreement but are listed for the purpose of calculating the fees above.] The Trust also shall reimburse Colonial for any and all out-of-pocket expenses and charges, including fees payable to third parties for pricing a Fund's portfolio securities, in performing services under this Agreement." 2. The following provision shall be added as paragraph 10 of the Agreement: "10. Use of Affiliated Companies and Subcontractors. In connection with the services to be provided by Colonial under this Agreement, Colonial may, to the extent it deems appropriate, and subject to compliance with the requirements of applicable laws and regulations and upon receipt of approval of the Trustees, make use of (i) its affiliated companies and their directors, trustees, officers, and employees and (ii) subcontractors selected by Colonial, provided that Colonial shall supervise and remain fully responsible for the services of all such third parties in accordance with and to the extent provided by this Agreement. Except as otherwise provided in paragraph 4 herein, all costs and expenses associated with services provided by any such third parties shall be borne by Colonial or such parties." A copy of the document establishing the Trust is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by officers not as individuals and is not binding upon any of the Trustees, officers or shareholders of the Trust individually but only upon the assets of the Fund. IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have executed and delivered this Agreement as of the date first written above. EACH TRUST DESIGNATED IN APPENDIX I By: /s/J. Kevin Connaughton Name: J. Kevin Connaughton Title:Treasurer COLONIAL MANAGEMENT ASSOCIATES, INC. By: /s/J. Kevin Connaughton Name: J. Kevin Connaughton Title:Senior V.P. SCHEDULE A ---------------------------------------------------------- --------------------- LIBERTY FUNDS TRUST I ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty High Yield Securities Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Income Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Strategic Income Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Tax-Managed Growth Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Tax-Managed Growth Fund II Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Tax-Managed Value Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Tax-Managed Aggressive Growth Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY FUNDS TRUST II ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport Japan Opportunities Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Intermediate Government Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport Greater China Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Money Market Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY FUNDS TRUST III ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Select Value Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport International Equity Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- The Liberty Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport Global Equity Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Federal Securities Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Contrarian Small-Cap Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Contrarian Equity Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Contrarian Income Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Contrarian Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY FUNDS TRUST IV ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty High Yield Municipal Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Tax-Exempt Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Tax-Exempt Insured Fund Fund ---------------------------------------------------------- --------------------- ----------------------------------------------------------- -------------------- Liberty Utilities Fund Fund ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- Liberty Municipal Money Market Fund Feeder ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- LIBERTY FUNDS TRUST V ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- Liberty California Tax-Exempt Fund Fund ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- Liberty Connecticut Tax-Exempt Fund Fund ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- Liberty Massachusetts Tax-Exempt Fund Fund ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- Liberty New York Tax-Exempt Fund Fund ----------------------------------------------------------- -------------------- ----------------------------------------------------------- -------------------- Liberty Ohio Tax-Exempt Fund Fund ----------------------------------------------------------- -------------------- ---------------------------------------------------------- --------------------- Liberty Global Young Investor Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY FUNDS TRUST VI ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Small Cap Value Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Growth & Income Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport Asia Pacific Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY FUNDS TRUST VII ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport Tiger Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Newport Europe Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY-STEIN ROE FUNDS MUNICIPAL TRUST ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Intermediate Municipals Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Municipal Money Market Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Managed Municipals Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe High Yield Municipals Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY-STEIN ROE FUNDS INVESTMENT TRUST ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Midcap Growth Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Focus Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Small Company Growth Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Capital Opportunities Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Global Thematic Equity Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Balanced Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe European Thematic Equity Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Growth Investor Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe International Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Asia Pacific Fund Fund ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Growth Stock Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Young Investor Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY-STEIN ROE FUNDS TRUST ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Institutional Client High Yield Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY-STEIN ROE ADVISOR TRUST ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Young Investor Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Growth Stock Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- LIBERTY-STEIN ROE FUNDS INCOME TRUST ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Cash Reserves Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Income Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe High Yield Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Intermediate Bond Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F BASE TRUST ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Cash Reserves Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Municipal Money Market Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F High-Yield Municipals Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Intermediate Bond Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Income Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F High Yield Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F International Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Growth Investor Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Balanced Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- SR&F Growth Stock Portfolio Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty Floating Rate Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Liberty-Stein Roe Institutional Floating Rate Income Fund Feeder ---------------------------------------------------------- --------------------- ---------------------------------------------------------- --------------------- Stein Roe Floating Rate Limited Liability Company Master ---------------------------------------------------------- --------------------- ---------------------------------------------------------- -------------------- CLOSED END FUNDS ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Intermediate High Income Fund Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial InterMarket Income Trust I Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Insured Municipal Fund Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial California Insured Municipal Fund Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial New York Insured Municipal Fund Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Municipal Income Trust Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Investment Grade Municipal Trust Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial High Income Municipal Trust Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Liberty Floating Rate Advantage Fund Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- LIBERTY VARIABLE INVESTMENT TRUST ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Liberty Value Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Global Equity Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial U.S. Growth & Income Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Small Cap Value Fund VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Liberty All-Star Equity Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Crabbe Huson Real Estate Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Liberty Select Value Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Liberty S&P 500 Index Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Rydex Health Care Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Rydex Financial Services Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Stein Roe Global Utilities Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial Strategic Income Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial High Yield Securities Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial International Horizons, Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Colonial International Fund for Growth Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Liberty Newport Japan Opportunities Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Newport Tiger Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- STEINROE VARIABLE INVESTMENT TRUST ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Stein Roe Balanced Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Stein Roe Growth Stock Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Stein Roe Small Company Growth Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Stein Roe Money Market Fund, VS Fund ---------------------------------------------------------- -------------------- ---------------------------------------------------------- -------------------- Stein Roe Federal Securities Fund, VS Fund ---------------------------------------------------------- --------------------