EXHIBIT 99-5(b)(2)
LETTER AGREEMENT
May 1, 1989
▇▇▇▇▇ ▇▇▇▇▇▇▇ Company
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Sirs:
Pursuant to Section 3 of the Service Agreement between ▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment
Company and ▇▇▇▇▇ ▇▇▇▇▇▇▇ Company, dated May 1, 1987, the ▇▇▇▇▇ ▇▇▇▇▇▇▇
Investment Company advises you that it is creating a new fund to be named the
Real Estate Securities Fund (the "Fund") and that the Fund desires ▇▇▇▇▇ ▇▇▇▇▇▇▇
Company to provide Portfolio Activity Reports ("PAR") and Analysis of
International Management ("AIM") to the Fund pursuant to the terms and
conditions of the Service Agreement. The fees to be charged by the
Administrator to the Fund in return for its services are the same as those set
forth in the Service Agreement.
Please indicate your acceptance to provide the service to the Real Estate
Securities Fund by executing the acceptance copy of the Letter Agreement and
returning it to the undersigned.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT COMPANY
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Vice President - Operations
Accepted this 25th day of April, 1989.
▇▇▇▇▇ ▇▇▇▇▇▇▇ COMPANY
By: /s/ ▇▇▇▇▇▇ ▇. Early
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Vice President and Chief Financial Services Controller