Addendum to Management
Agreement between Lord ▇▇▇▇▇▇
Investment Trust and Lord, ▇▇▇▇▇▇ & Co.
DATED OCTOBER 20, 1993 (THE "AGREEMENT")
Lord, ▇▇▇▇▇▇ & Co. and Lord ▇▇▇▇▇▇ Investment Trust (the "Trust") on
behalf of Lord ▇▇▇▇▇▇ Limited Duration U.S. Government Securities Series the
("Fund Series") do hereby agree that (a) the annual management fee rate for the
Fund Series with respect to paragraph 2 of the Agreement shall be one-half (.50)
of one percent (1%) of the average daily net assets of the Fund Series and (b)
the expense ratio for the determination of the repayment by the Fund Series of
expenses voluntarily paid or reimbursed by the Investment Manager pursuant to
paragraph 5 of the Agreement shall be .75% for the period commencing on the
first day of the calendar quarter after the net assets of the Fund Series first
reach $50 million until the first day of the calendar quarter after the net
assets of the Fund Series first reach $100 million (the "recalculation date").
Beginning with the recalculation date, the reimbursement of expenses shall be
measured by the difference between the expenses included in the determination of
such expense ratio and those at an expense ratio of .95%.
For purposes of Section 15 (a) of the Act, this addendum and the
Agreement shall together constitute the investment advisory contract of each
Series.
LORD, ▇▇▇▇▇▇ & CO.
BY: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Managing Partner
LORD ▇▇▇▇▇▇ INVESTMENT TRUST
(on behalf of Lord ▇▇▇▇▇▇ Limited Duration
U.S. Government Securities Series)
BY: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Vice President
Dated: October 20, 1993