Exhibit 99(h)(15)
[SSgA FM Letterhead]
August 10, 2004
Mr. ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Chairman
Financial Investors Trust
▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Re: Financial Investors Trust (the "Trust")
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Dear ▇▇. ▇▇▇▇▇▇▇▇▇:
This letter confirms SSgA Funds Management, Inc.'s ("SSgA FM") agreement with
the Trust to voluntarily waive 0.035% of the advisory fee that it is entitled to
receive from the Trust's U.S. Treasury Money Market, U.S. Government Money
Market, American Freedom U.S. Government Money Market, and Prime Money Market
Funds (each a "Fund" and collectively, the "Funds") until assets for each Fund
reach $1 billion.
SSgA FM acknowledges that it will not be entitled to collect on or make a claim
for waived fees at any time in the future. SSgA further agrees that such fee
waivers for the Fund were effective as of September 11, 2003 for the American
Freedom U.S. Government Money Market Fund and June 10, 2003 for the remainder of
the aforementioned Funds and may be cancelled at any time by SSgA FM.
SSGA FUNDS MANAGEMENT, INC.
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇
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Name: ▇▇▇ ▇▇▇▇▇▇▇
Title: SSgA FM
Your signature below acknowledges
acceptance of this Letter Agreement:
FINANCIAL INVESTORS TRUST
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Secretary