Common use of Allocation of Costs and Expenses Clause in Contracts

Allocation of Costs and Expenses. The Adviser shall reimburse the Company monthly for any salaries paid by the Company to officers, Directors, and full time employees of the Company who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company under the Administrative Services Agreement between the Company and the Adviser dated February 28, 1997, which was approved on December 6, 1996, by the Company's board of directors, including all of the independent directors, at the Company's request the Adviser shall also furnish to the Company, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the Company. These services will include, among other things, the maintenance (but not preparation) of the Company's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company shall pay all costs and expenses in connection with the operations and organization of the Company. Without limiting the generality of the foregoing, such costs and expenses payable by the Company include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company or any Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the Company's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the Company's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the Company's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the Company; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock of the Company; (l) extraordinary expenses, including fees and disbursements of Company counsel, in connection with litigation by or against the Company or any Fund; (m) premiums for the fidelity bond maintained by the Company pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company paid by the Company pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. (a) The Adviser hereby agrees that it shall reimburse pay on behalf of the Company monthly for any salaries paid and the Funds of the Company all of the expenses incurred by the Company to officersand the Funds, Directorsas applicable, and full time employees of the Company who also are officers, general partners or employees of the Adviser or its affiliates. Except in connection with their operations except for such sub- accountingtransfer agency, subaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company under the separate Transfer Agent and Administrative Services Agreement Agreements between the Company Fund and the Adviser dated February 28, 1997, which was are or have been approved on December 6, 1996, by the Company's board Board of directorsDirectors, including all of the independent directors, at Directors. At the Company's request the Adviser shall also furnish to the Company, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment judgement of the Directors of the Company. These services will include, among other things, the maintenance (but not preparation) of the Company's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company shall pay all costs and expenses in connection with the operations and organization of the Company. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Adviser include the following, unless the Company's Board of Directors approves any of the following costs and expenses being paid directly by the Funds: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b1) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d2) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company or any Fund to federal, state, county, city, or other governmental agents; (e3) the fees and expenses involved in maintaining the registration and qualification of the Company and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f4) the compensation and expenses of its Directors; (g5) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the Company's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h6) all costs, fees or other expenses arising in connection with the organization and filing of the Company's Articles of Incorporation, Incorporation including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state State and the approval of the Company's operations by any other federal Federal or state State authority; (i7) the expenses of repurchasing and redeeming shares of the Company; (j) 8) insurance premiums; (k9) the costs of designing, printing, and issuing certificates representing shares of common stock of the Company; (l) extraordinary expenses, including fees and disbursements of Company counsel, in connection with litigation by or against the Company or and any Fund;; and (m10) premiums for the fidelity bond maintained by the Company pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder thereunder. (except for such premiums as may be allocated b) Except to the Adviser as an insured thereunder);extent required by law to be paid by the Adviser, the Company shall pay the following costs and expenses: (n1) association all brokers' commissions, issue and institute duestransfer taxes, and other costs chargeable to the Company or any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; and (o2) the expensesinterest on indebtedness, if any, of distributing shares of the Company paid incurred by the Company pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940or any Fund.

Allocation of Costs and Expenses. (a) The Adviser Advisor hereby agrees that it shall reimburse pay on behalf of the Company monthly for any salaries paid Trust and the Funds all of the expenses incurred by the Company to officersTrust and the Funds, Directorsas applicable, and full time employees of the Company who also are officers, general partners or employees of the Adviser or its affiliates. Except in connection with their operations except for such sub- transfer agency, sub-accounting, recordkeeping, and administrative services which are to be provided by the Adviser to Advisor or an affiliate of the Company Advisor under the Administrative Services Agreement separate transfer agency and administrative services agreements between the Company Fund and the Adviser dated February 28Advisor or affiliate, 1997as applicable, which was are or have been approved on December 6, 1996, by the Company's board Board of directorsTrustees, including all of the independent directors, at trustees. At the CompanyTrust's request the Adviser Advisor shall also furnish to the CompanyTrust, at the expense of the AdviserAdvisor, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors Boards of the CompanyTrustees. These services will include, among other things, the maintenance (but not preparation) of the CompanyTrust's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities SEC and Exchange Commission and Company Trust shareholders. The Adviser Advisor also will furnish, at the AdviserAdvisor's expense, such office space, equipment and facilities as may be reasonably requested by the Company Trust from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company shall pay all costs and expenses in connection with the operations and organization of the Company. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Advisor include the following, unless the Board of Trustees approves any of the following costs and expenses being paid directly by the Funds: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b1) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company Trust or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d2) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Trust or any Fund to federalFederal, state, county, city, or other governmental agents; (e3) the fees and expenses involved in maintaining the registration and qualification of the Company Trust and of its shares under laws administered by the Securities and Exchange Commission SEC or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f4) the compensation and expenses of its Directorsthe trustees of the Trust; (g5) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyTrust's shareholders, as well as all expenses of shareholders' meetings and Directorstrustees' meetings; (h6) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyTrust's Articles Certificate of Incorporation, Trust including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state State and the approval of the CompanyTrust's operations by any other federal Federal or state State authority; (i7) the expenses of repurchasing and redeeming shares of the CompanyTrust; (j) 8) insurance premiums; (k9) the costs of designing, printing, and issuing certificates representing shares of common stock of the Company; (l) extraordinary expenses, including fees and disbursements of Company counsel, in connection with litigation by or against the Company or Trust and any Fund;; and (m10) premiums for the fidelity bond maintained by the Company Trust pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder thereunder. Interest, taxes and extraordinary items such as litigation costs are not deemed expenses for purposes of this paragraph and shall be borne by the Trusts or such Fund in any event. Expenditures, including costs incurred in connection with the purchase or sale of portfolio securities, which are capitalized in accordance with generally accepted accounting principles applicable to investment companies, are accounted for as capital items and shall not be deemed to be expenses for purposes of this paragraph. (except for such premiums as may be allocated b) Except to the Adviser as an insured thereunder);extent required by law to be paid by the Advisor, the Trust shall pay the following costs and expenses: (n1) association all brokers' commissions, issue and institute duestransfer taxes, and other costs chargeable to the Trust or any Fund in connection with securities transactions to which the Trust or any Fund is a party or in connection with securities owned by the Trust or any Fund; and (o2) the expensesinterest on indebtedness, if any, of distributing shares of the Company paid incurred by the Company pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940Trust or any Fund.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accountingsubaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 21, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company Fund and any Fund Portfolio in connection with securities transactions to which the Company Fund or any Fund Portfolio is a party or in connection with securities owned by the Company or any Fund's three Portfolios; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company Fund or any of the Fund's three Portfolios; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Fund or any Fund Portfolio to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund's three Portfolios; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company Fund or any FundPortfolio; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- sub-accounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 21, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company Fund and any Fund Portfolio in connection with securities transactions to which the Company Fund or any Fund Portfolio is a party or in connection with securities owned by the Company or any Fund's four Portfolios; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company Fund or any of the Fund's four Portfolios; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Fund or any Fund Portfolio to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund's four Portfolios; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company Fund or any FundPortfolio; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- sub-accounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 21, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company or any Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing represent- ing shares of common stock beneficial interest of the CompanyFund; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company or any Fund; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser third parties as an insured insureds thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accountingsubaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 21, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company Fund and any Fund Portfolio in connection with securities transactions to which the Company Fund or any Fund Portfolio is a party or in connection with securities owned by the Company or any Fund's three Portfolios; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company Fund or any of the Fund's three Portfolios; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Fund or any Fund Portfolio to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund's three Portfolios; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company Fund or any FundPortfolio; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 12b 1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accountingsubaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 21, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company Fund and any Portfolio of the Fund in connection with securities transactions to which the Company Fund or any Fund the Portfolio is a party or in connection with securities owned by the Company Fund or any the Portfolio of the Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company Fund or for any the Portfolio of the Fund; (c) the interest on indebtedness, if any, incurred by the Company Fund or any the Portfolio of the Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Fund or any the Portfolio of the Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company Fund or any the Portfolio of the Fund; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company monthly for any salaries paid by the Company to officers, Directors, and full full-time employees of the Company who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accountingsubaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company under the Administrative Services Agreement between the Company and the Adviser dated February 28May 2, 19971994, which was approved on December 6April 20, 19961994, by the Company's board of directors, including all of the independent directors, at the Company's request the Adviser shall also furnish to the Company, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the Company. These services will include, among other things, the maintenance (but not preparation) of the Company's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company shall pay all costs and expenses in connection with the operations and organization of the Company. Without limiting the generality of the foregoing, such costs and expenses payable by the Company include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company or any Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the Company's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the Company's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the Company's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the Company; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock of the Company; (l) extraordinary expenses, including fees and disbursements of Company counsel, in connection with litigation by or against the Company or any Fund; (m) premiums for the fidelity bond maintained by the Company pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company paid by the Company pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accountingsubaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 21, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company Fund and any Fund Portfolio in connection with securities transactions to which the Company Fund or any Fund Portfolio is a party or in connection with securities owned by the Company Fund or any FundPortfolio; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company Fund or for any FundPortfolio; (c) the interest on indebtedness, if any, incurred by the Company Fund or any FundPortfolio; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Fund or any Fund Portfolio to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company Fund or any FundPortfolio; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- accountingsubaccounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971991, which was approved on December 6April 24, 19961991, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company or any Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company or any Fund; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company Fund to officers, Directors, and full full-time employees of the Company Fund who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- sub-accounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company Fund under the Administrative Services Agreement between the Company Fund and the Adviser dated February 28April 30, 19971993, which was approved on December 6April 23, 19961993, by the CompanyFund's board of directors, including all of the independent directors, at the CompanyFund's request the Adviser shall also furnish to the CompanyFund, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the CompanyFund. These services will include, among other things, the maintenance (but not preparation) of the CompanyFund's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company Fund shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company Fund from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company Fund shall pay all costs and expenses in connection with the operations and organization of the CompanyFund. Without limiting the generality of the foregoing, such costs and expenses payable by the Company Fund include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company Fund and any Portfolio of the Fund in connection with securities transactions to which the Company Fund or any Fund the Portfolios is a party or in connection with securities owned by the Company Fund or any the Portfolios of the Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company Fund or for any the Portfolios of the Fund; (c) the interest on indebtedness, if any, incurred by the Company Fund or any the Portfolios of the Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company Fund or any the Portfolios of the Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company Fund and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its independent Directors, and the compensation of any employees and officers of the Fund who are not employees of the Adviser or one of its affiliated companies and compensated as such; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the CompanyFund's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the CompanyFund's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the CompanyFund's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the CompanyFund; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the CompanyFund; (l) extraordinary expenses, including fees and disbursements of Company Fund counsel, in connection with litigation by or against the Company Fund or any the Portfolios of the Fund; (m) premiums for the fidelity bond maintained by the Company Fund pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company Fund paid by the Company Fund pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.

Allocation of Costs and Expenses. The Adviser shall reimburse the Company Fund monthly for any salaries paid by the Company to officers, Directors, and full full-time employees of the Company who also are officers, general partners or employees of the Adviser or its affiliates. Except for such sub- sub-accounting, recordkeeping, and administrative services which are to be provided by the Adviser to the Company under the Administrative Services Agreement between the Company and the Adviser dated February 28, 1997, which was approved on December 6November 5, 1996, by the Company's board of directors, including all of the independent directors, at the Company's request the Adviser shall also furnish to the Company, at the expense of the Adviser, such competent executive, statistical, administrative, internal accounting and clerical services as may be required in the judgment of the Directors of the Company. These services will include, among other things, the maintenance (but not preparation) of the Company's accounts and records, and the preparation (apart from legal and accounting costs) of all requisite corporate documents such as tax returns and reports to the Securities and Exchange Commission and Company shareholders. The Adviser also will furnish, at the Adviser's expense, such office space, equipment and facilities as may be reasonably requested by the Company from time to time. Except to the extent expressly assumed by the Adviser herein and except to the extent required by law to be paid by the Adviser, the Company shall pay all costs and expenses in connection with the operations and organization of the Company. Without limiting the generality of the foregoing, such costs and expenses payable by the Company include the following: (a) all brokers' commissions, issue and transfer taxes, and other costs chargeable to the Company and any Fund in connection with securities transactions to which the Company or any Fund is a party or in connection with securities owned by the Company or any Fund; (b) the fees, charges and expenses of any independent public accountants, custodian, depository, dividend disbursing agent, dividend reinvestment agent, transfer agent, registrar, independent pricing services and legal counsel for the Company or for any Fund; (c) the interest on indebtedness, if any, incurred by the Company or any Fund; (d) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Company or any Fund to federal, state, county, city, or other governmental agents; (e) the fees and expenses involved in maintaining the registration and qualification of the Company and of its shares under laws administered by the Securities and Exchange Commission or under other applicable regulatory requirements, including the preparation and printing of prospectuses and statements of additional information; (f) the compensation and expenses of its Directors; (g) the costs of printing and distributing reports, notices of shareholders' meetings, proxy statements, dividend notices, prospectuses, statements of additional information and other communications to the Company's shareholders, as well as all expenses of shareholders' meetings and Directors' meetings; (h) all costs, fees or other expenses arising in connection with the organization and filing of the Company's Articles of Incorporation, including its initial registration and qualification under the 1940 Act and under the Securities Act of 1933, as amended, the initial determination of its tax status and any rulings obtained for this purpose, the initial registration and qualification of its securities under the laws of any state and the approval of the Company's operations by any other federal or state authority; (i) the expenses of repurchasing and redeeming shares of the Company; (j) insurance premiums; (k) the costs of designing, printing, and issuing certificates representing shares of common stock beneficial interest of the Company; (l) extraordinary expenses, including fees and disbursements of Company counsel, in connection with litigation by or against the Company or any Fund; (m) premiums for the fidelity bond maintained by the Company pursuant to Section 17(g) of the 1940 Act and rules promulgated thereunder (except for such premiums as may be allocated to the Adviser as an insured thereunder); (n) association and institute dues; and (o) the expenses, if any, of distributing shares of the Company paid by the Company pursuant to a Plan and Agreement of Distribution adopted under Rule 12b-1 of the Investment Company Act of 1940.