Exhibit (h.3)
EXPENSE CAP/REIMBURSEMENT AGREEMENT
This Agreement is entered into as of December 22, 2001 between La
Crosse Advisers, L.L.C. (the "Adviser") and La Crosse Funds, Inc. (the
"Company'), on behalf of the LaCrosse Large Cap Stock Fund (the "Fund").
WHEREAS, the Adviser desires to contractually agree to waive a portion
of its advisory fee or reimburse certain of the Fund's operating expenses to
ensure that the Fund's total operating expenses do not exceed the levels
described below.
NOW THEREFORE, the parties agree as follows:
The Adviser agrees that until March 31, 2003, it will reduce its
compensation as provided for in the Investment Advisory Agreement between the
Company and the Adviser dated December 22, 1998, and/or assume expenses for the
Fund to the extent necessary to ensure that the Fund's total operating expenses
(on an annual basis) do not exceed 1.00% of the Fund's average daily net assets.
The Adviser shall be entitled to recoup such amounts for a period of up
to three (3) years following the fiscal year in which the Adviser reduced its
compensation and/or assumed expenses for the Fund, provided that the total
operating expenses including this recoupment do not exceed the established cap
on expenses for that year.
LA CROSSE ADVISERS, L.L.C.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇▇▇▇▇▇, Chief Executive Officer
LA CROSSE FUNDS, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇, President
