EXHIBIT (D)(4)
FORM OF
THIRD AMENDMENT TO THE
ADVISORY AGREEMENT
This Third Amendment is entered into as of the ___ day of _____, 2002
in order to amend the Advisory Agreement dated November 15, 1996 (the "Advisory
Agreement"), as amended November 15, 1998 and May 3, 1999, by and between Kobren
Insight Funds (the "Trust") on behalf of each of the funds listed in Section 8
of the Advisory Agreement and Kobren Insight Management, Inc. (the "Adviser").
WHEREAS, the Trust and the Adviser have entered previously into the
Advisory Agreement; and
WHEREAS, pursuant to Section 13 of the Advisory Agreement, the Trust
and the Adviser wish to amend certain provisions of said Agreement.
NOW, THEREFORE, the parties hereto agree to amend the Advisory
Agreement as follows:
1. Section 8 of the Advisory Agreement is hereby modified and amended
to delete Kobren Moderate Growth Fund from the names of the series
as follows:
SECTION 8 SECTION 8 AS AMENDED
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Kobren Growth Fund (0.75%) Kobren Growth Fund (0.75%)
Kobren Moderate Growth Fund (0.75%) Delphi Value Fund (1.00%)
Kobren Delphi Value Fund (1.00%)
2. All other terms and conditions of the Advisory Agreement shall
remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed on the date set forth above.
ATTEST: KOBREN INSIGHT FUNDS
By: By:
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Name: Name:
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Title: Title:
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ATTEST: KOBREN INSIGHT MANAGEMENT, INC.
By: By:
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Name: Name:
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Title: Title:
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