Exhibit 99.(d)(x)
Addendum to Management Agreement between
Lord ▇▇▇▇▇▇ Investment Trust
and
Lord, ▇▇▇▇▇▇ & Co. LLC
DATED: DECEMBER 1, 2004 (THE "AGREEMENT")
Lord, ▇▇▇▇▇▇ & Co. LLC ("Lord ▇▇▇▇▇▇") and Lord ▇▇▇▇▇▇ Investment Trust
(the "Trust"), on behalf of each of its Lord ▇▇▇▇▇▇ Core Fixed Income Fund and
Lord ▇▇▇▇▇▇ Total Return Fund (each a "Fund"), do hereby agree that the annual
management fee rate for each Fund with respect to paragraph 2 of the Agreement
shall be reduced as follows: 0.45 of 1% of the first $1 billion of the Fund's
average daily net assets; 0.40 of 1% of the next $1 billion of such assets; and
0.35 of 1% of such assets in excess of $2 billion.
In addition, Lord ▇▇▇▇▇▇ and the Trust, on behalf of its Lord ▇▇▇▇▇▇
Limited Duration U.S. Government & Government Sponsored Enterprises Fund (the
"Fund") do hereby agree that the annual management fee rate for the Fund with
respect to paragraph 2 of the Agreement shall be as follows: 0.40 of 1% of the
first $1 billion of the Fund's average daily net assets; 0.35 of 1% of the next
$1 billion of such assets; and 0.30 of 1% of such assets in excess of $2
billion.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Trust.
LORD, ▇▇▇▇▇▇ & CO. LLC
BY: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Member and General Counsel
LORD ▇▇▇▇▇▇ INVESTMENT TRUST
BY: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President and Assistant Secretary