EXHIBIT 99-5(a)(3)
LETTER AGREEMENT
AMENDMENT
▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Company
P.O. Box 1591
Tacoma, WA 98401-1591
Dear Sirs:
This Letter Agreement amends the Amended and Restated Management Agreement
between ▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Company and ▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management
Company dated April 1, 1995 ("Management Agreement"). ▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment
Company advises you that with respect to its Aggressive Strategy Fund, Balanced
Strategy Fund, Moderate Strategy Fund, Conservative Strategy Fund and Equity
Balanced Strategy Fund (each, a "Fund") each Fund desires ▇▇▇▇▇ ▇▇▇▇▇▇▇
Investment Management Company to manage the Fund pursuant to the terms and
conditions of the Management Agreement. Section 6A of the Management Agreement
hereby is amended with respect to each Fund, to set forth an annual management
fee of 0.25% of average daily net assets, payable as set forth in that Section.
Please indicate your acceptance of the amendment to the Management Agreement by
executing the acceptance copy of this letter agreement and returning it to the
undersigned.
Sincerely,
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT COMPANY
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
President
Accepted this 6th day of June, 1997.
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT MANAGEMENT COMPANY
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President
▇▇▇▇▇ ▇▇▇▇▇▇▇ Company agrees to provide consulting services without charge to
the Investment Company upon the request of the Board of Trustees or Officers of
the Trust, or upon the request of Manager pursuant to Section 2(c).
▇▇▇▇▇ ▇▇▇▇▇▇▇ COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇▇▇,
President