INVESTMENT ADVISORY AGREEMENT
BETWEEN ATLAS ASSETS, INC.
AND ATLAS ADVISERS, INC.
APPENDIX A
AS AMENDED March 1, 2002
*Atlas Money Market Fund
Atlas National Municipal Money Fund
(Formerly the Atlas Tax Free Money Fund);
Atlas California Municipal Money Fund
(Formerly the Atlas California Double Tax Free Money Fund);
ATLAS U.S. TREASURY MONEY FUND
ON THE PORTION OF ANNUAL
DAILY TOTAL NET ASSET VALUE RATE
Assets up to $500 million .50%
Assets over $500 million .475%
Atlas National Municipal Bond Fund
(Formerly the Atlas Tax Free Income Fund);
Atlas California Municipal Bond Fund
(Formerly the Atlas California Double Tax Free Income Fund);
ATLAS U.S. GOVERNMENT AND MORTGAGE SECURITIES FUND
ON THE PORTION OF ANNUAL
DAILY TOTAL NET ASSET VALUE RATE
Assets up to $500 million .55%
Assets over $500 million .50%
Atlas Growth and Income Fund;
Atlas Balanced Fund;
ATLAS STRATEGIC GROWTH FUND
ON THE PORTION OF ANNUAL
DAILY TOTAL NET ASSET VALUE RATE
Assets up to $100 million .70%
Assets over $100 million
and up to $500 million .60%
Assets over $500 million .50%
*New Fund
1
*Atlas Value Fund
Atlas Global Growth Fund
ATLAS EMERGING GROWTH FUND
ON THE PORTION OF ANNUAL
DAILY TOTAL NET ASSET VALUE RATE
Assets up to $100 million .80%
Assets over $100 million
and up to $500 million .75%
Assets over $500 million .70%
ATLAS STRATEGIC INCOME FUND
ON THE PORTION OF ANNUAL
DAILY TOTAL NET ASSET VALUE RATE
Assets up to $100 million .75%
Assets over $100 million
and up to $500 million .70%
Assets over $500 million .65%
*Atlas Fund of Funds
ATLAS S&P 500 INDEX FUND
ON THE PORTION OF ANNUAL
DAILY TOTAL NET ASSET VALUE RATE
Assets up to $500 million .25%
Assets over $500 million .23%
*New Fund
2