ASSIGNMENT
THIS ASSIGNMENT is made as of the day of , 199_, between
and among ▇▇▇▇ ▇▇▇▇▇▇ Trust Company ("DWTC"), ▇▇▇▇ ▇▇▇▇▇▇ Trust FSB ("DWTFSB")
and the open-end investment companies managed by ▇▇▇▇ ▇▇▇▇▇▇ InterCapital Inc.
("InterCapital") as set forth on Exhibit A attached hereto (the "▇▇▇▇ ▇▇▇▇▇▇
Open-End Funds").
WHEREAS, this Assignment is supplemental to Transfer Agency and
Service Agreements between DWTC and each of the ▇▇▇▇ ▇▇▇▇▇▇ Open-End Funds in
effect as of the date of this Assignment (the "Transfer Agency Agreements");
and
WHEREAS, in connection with the merger of DWTC into a federal savings
bank, DWTFSB, DWTC wishes to assign its rights and obligations under the
Transfer Agency Agreements to DWTFSB,
NOW THEREFORE, in consideration of the foregoing, the parties agree as
follows:
1. DWTC hereby assigns to DWTFSB all of its right, title and
interest in the Transfer Agency Agreements, effective August 1, 1997.
2. DWTFSB assumes the obligations and duties of DWTC under
the Transfer Agency Agreements and agrees to be bound by the terms thereof.
3. Each of the ▇▇▇▇ ▇▇▇▇▇▇ Open-End Funds accepts and
consents to said assignment of the Transfer Agency Agreements from DWTC to
DWTFSB.
4. Each of the ▇▇▇▇ ▇▇▇▇▇▇ Open-End Funds, DWTC and DWTFSB
hereby consent to the adoption of a revised fee schedule, to be attached to the
Transfer Agency Agreements as Schedule A, superseding and replacing the
existing Schedule A, to be effective on the date of assignment of the Transfer
Agency Agreements.
IN WITNESS WHEREOF, this Assignment is executed by the parties as of
the date first above written.
▇▇▇▇ ▇▇▇▇▇▇ OPEN-END FUNDS
by:
---------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Chairman
▇▇▇▇ ▇▇▇▇▇▇ TRUST COMPANY ▇▇▇▇ ▇▇▇▇▇▇ TRUST FSB
by: by:
--------------------------------- ----------------------------------
▇▇▇▇ Van Heuvelen ▇▇▇▇ Van Heuvelen
President President
EXHIBIT A - AUGUST 1, 1997
▇▇▇▇ ▇▇▇▇▇▇ OPEN-END FUNDS
MONEY MARKET FUNDS
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1. ▇▇▇▇ ▇▇▇▇▇▇ Liquid Asset Fund Inc.
2. Active Assets Money Trust
3. ▇▇▇▇ ▇▇▇▇▇▇ U.S. Government Money Market Trust
4. Active Assets Government Securities Trust
5. ▇▇▇▇ ▇▇▇▇▇▇ Tax-Free Daily Income Trust
6. Active Assets Tax-Free Trust
7. ▇▇▇▇ ▇▇▇▇▇▇ California Tax-Free Daily Income Trust
8. ▇▇▇▇ ▇▇▇▇▇▇ New York Municipal Money Market Trust
9. Active Assets California Tax-Free Trust
EQUITY FUNDS
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10. ▇▇▇▇ ▇▇▇▇▇▇ American Value Fund
11. ▇▇▇▇ ▇▇▇▇▇▇ Mid-Cap Growth Fund
12. ▇▇▇▇ ▇▇▇▇▇▇ Dividend Growth Securities Inc.
13. ▇▇▇▇ ▇▇▇▇▇▇ Capital Growth Securities
14. ▇▇▇▇ ▇▇▇▇▇▇ Global Dividend Growth Securities
15. ▇▇▇▇ ▇▇▇▇▇▇ Income Builder Fund
16. ▇▇▇▇ ▇▇▇▇▇▇ Natural Resource Development Securities Inc.
17. ▇▇▇▇ ▇▇▇▇▇▇ Precious Metals and Minerals Trust
18. ▇▇▇▇ ▇▇▇▇▇▇ Developing Growth Securities Trust
19. ▇▇▇▇ ▇▇▇▇▇▇ Health Sciences Trust
20. ▇▇▇▇ ▇▇▇▇▇▇ Capital Appreciation Fund
21. ▇▇▇▇ ▇▇▇▇▇▇ Information Fund
22. ▇▇▇▇ ▇▇▇▇▇▇ Value-Added Market Series
23. ▇▇▇▇ ▇▇▇▇▇▇ World Wide Investment Trust
24. ▇▇▇▇ ▇▇▇▇▇▇ European Growth Fund Inc.
25. ▇▇▇▇ ▇▇▇▇▇▇ Pacific Growth Fund Inc.
26. ▇▇▇▇ ▇▇▇▇▇▇ International SmallCap Fund
27. ▇▇▇▇ ▇▇▇▇▇▇ Japan Fund
28. ▇▇▇▇ ▇▇▇▇▇▇ Utilities Fund
29. ▇▇▇▇ ▇▇▇▇▇▇ Global Utilities Fund
30. ▇▇▇▇ ▇▇▇▇▇▇ Special Value Fund
31. ▇▇▇▇ ▇▇▇▇▇▇ Financial Services Trust
32. ▇▇▇▇ ▇▇▇▇▇▇ Market Leader Trust
33. ▇▇▇▇ ▇▇▇▇▇▇ Managers' Select Fund
34. ▇▇▇▇ ▇▇▇▇▇▇ Fund of Funds
35. ▇▇▇▇ ▇▇▇▇▇▇ S&P 500 Index Fund
BALANCED FUNDS
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36. ▇▇▇▇ ▇▇▇▇▇▇ Balanced Growth Fund
37. ▇▇▇▇ ▇▇▇▇▇▇ Balanced Income Trust
ASSET ALLOCATION FUNDS
----------------------
38. ▇▇▇▇ ▇▇▇▇▇▇ Strategist Fund
39. ▇▇▇▇ ▇▇▇▇▇▇ Global Asset Allocation Fund
FIXED INCOME FUNDS
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40. ▇▇▇▇ ▇▇▇▇▇▇ High Yield Securities Inc.
41. ▇▇▇▇ ▇▇▇▇▇▇ High Income Securities
42. ▇▇▇▇ ▇▇▇▇▇▇ Convertible Securities Trust
43. ▇▇▇▇ ▇▇▇▇▇▇ Intermediate Income Securities
44. ▇▇▇▇ ▇▇▇▇▇▇ Short-Term Bond Fund
45. ▇▇▇▇ ▇▇▇▇▇▇ World Wide Income Trust
46. ▇▇▇▇ ▇▇▇▇▇▇ Global Short-Term Income Fund Inc.
47. ▇▇▇▇ ▇▇▇▇▇▇ Diversified Income Trust
48. ▇▇▇▇ ▇▇▇▇▇▇ U.S. Government Securities Trust
49. ▇▇▇▇ ▇▇▇▇▇▇ Federal Securities Trust
50. ▇▇▇▇ ▇▇▇▇▇▇ Short-Term U.S. Treasury Trust
51. ▇▇▇▇ ▇▇▇▇▇▇ Intermediate Term U.S. Treasury Trust
52. ▇▇▇▇ ▇▇▇▇▇▇ Tax-Exempt Securities Trust
53. ▇▇▇▇ ▇▇▇▇▇▇ National Municipal Trust
55. ▇▇▇▇ ▇▇▇▇▇▇ Limited Term Municipal Trust
55. ▇▇▇▇ ▇▇▇▇▇▇ California Tax-Free Income Fund
56. ▇▇▇▇ ▇▇▇▇▇▇ New York Tax-Free Income Fund
57. ▇▇▇▇ ▇▇▇▇▇▇ Hawaii Municipal Trust
58. ▇▇▇▇ ▇▇▇▇▇▇ Multi-State Municipal Series Trust
59. ▇▇▇▇ ▇▇▇▇▇▇ Select Municipal Reinvestment Fund
SPECIAL PURPOSE FUNDS
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60. ▇▇▇▇ ▇▇▇▇▇▇ Retirement Series
61. ▇▇▇▇ ▇▇▇▇▇▇ Variable Investment Series
62. ▇▇▇▇ ▇▇▇▇▇▇ Select Dimensions Investment Series
SCHEDULE A
Fund: ▇▇▇▇ ▇▇▇▇▇▇ Special Value Fund
Fees: (1) Annual maintenance fee of $12.65 per shareholder account, payable
monthly.
(2) A fee equal to 1/12 of the fee set forth in (1) above, for
providing Forms 1099 for accounts closed during the year, payable
following the end of the calendar year.
(3) Out-of-pocket expenses in accordance with Section 2.2 of the
Agreement.
(4) Fees for additional services not set forth in this Agreement shall
be as negotiated between the parties.