Exhibit (e)(2)
LETTER AGREEMENT
May 11, 2001
▇▇▇▇▇▇▇ Fund Distributors, Inc.
▇▇▇ ▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Sirs:
Pursuant to Paragraph 1 of the Distribution Agreement between ▇▇▇▇▇▇▇ Insurance
Funds ("RIF") and ▇▇▇▇▇▇▇ Fund Distributors, Inc., dated January 1, 1999, RIF
advises you that it is creating a new class of shares ("Class E") of RIF's
Multi-Style Equity Fund, Aggressive Equity Fund, Non-U.S. Fund, Real Estate
Securities Fund and Core Bond Fund (the "Funds") and that RIF desires ▇▇▇▇▇▇▇
Fund Distributors, Inc. to serve as distributor with respect to the Class E
Shares of each of the Funds pursuant to the terms and conditions of the
Distribution Agreement. The fees to be charged RIF in return for the
distributor's services are the same as in the Distribution Agreement. RIF's
existing class of shares will be designated Class S Shares.
Please indicate your acceptance to act as distributor with respect to Class E of
the Funds by executing the acceptance copy of this letter agreement and
returning it to the undersigned.
Sincerely,
▇▇▇▇▇▇▇ INSURANCE FUNDS
By:
--------------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
President
Accepted this day of , 2001
----- ------------------
▇▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT
MANAGEMENT COMPANY
By:
--------------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President