<PAGE> 1
Exhibit (d)(2)
SCHEDULE I
AS AMENDED
MAY 8, 2000
<TABLE>
<CAPTION>
Name of Fund Annual Fee
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<S> <C>
KELMOORE STRATEGY(TM) FUND 1.00%
KELMOORE STRATEGY(TM) EAGLE FUND 1.00%
</TABLE>
Dated: May 8, 2000
KELMOORE STRATEGIC TRUST KELMOORE INVESTMENT COMPANY, INC.
By: /s/ Matthew Kelmon By: /s/ Ralph M. Kelmon Jr.
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Name: Matthew Kelmon Name: Ralph M. Kelmon, Jr.
Title: President Title: President and Chief Executive Officer
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