Exhibit (d)5.5
LETTER AGREEMENT
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company
P.O. Box 1591
Tacoma, WA 98401-1591
Dear Sirs:
This Letter Agreement relates to the Administrative Agreement between ▇▇▇▇▇
▇▇▇▇▇▇▇ Investment Company and ▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company dated
December 1, 1998 ("Administrative Agreement"). ▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Company
advises you that it is creating one new fund to be named the ▇▇▇▇▇▇▇
Multi-Manager Principal Protected Fund (the "Fund") and that the Fund desires
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company to provide administrative services
to the Fund pursuant to the terms and conditions of the Administrative
Agreement. Section 6A of the Administrative Agreement is hereby amended to
include the Fund, with an annual administrative fee of 0.05% of average daily
net assets of the ▇▇▇▇▇▇▇ Multi-Manager Principal Protected Fund, payable as set
forth in that Section.
Please indicate your acceptance of the amendment to the Administrative Agreement
by executing the acceptance copy of this letter agreement and returning it to
the undersigned.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT COMPANY
By:___________________________
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Treasurer
Accepted this ____ day of ________, 2002
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT COMPANY
By:___________________________
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President