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Exhibit (d)1.3
LETTER AGREEMENT
Frank Russell Investment Management Company
P.O. Box 1591
Tacoma, WA 98401-1591
Dear Sirs:
This Letter Agreement relates to the Advisory Agreement between Frank Russell
Investment Company and Frank Russell Investment Management Company dated January
1, 1999 ("Advisory Agreement"). Frank Russell Investment Company advises you
that it is creating two new funds to be named the Select Growth Fund and the
Select Value Fund and that each Fund desires Frank Russell Investment Management
Company to provide advisory services to the Fund pursuant to the terms and
conditions of the Advisory Agreement. Section 6A of the Advisory Agreement
hereby includes each Fund, with an annual advisory fee of 0.80% of average daily
net assets of the Select Growth Fund and 0.70% of average daily net assets of
the Select Value Fund, payable as set forth in that Section.
Please indicate your acceptance of the amendment to the Advisory Agreement by
executing the acceptance copy of this letter agreement and returning it to the
undersigned.
Sincerely,
FRANK RUSSELL INVESTMENT COMPANY
By:____________________________
Lynn L. Anderson
President
Accepted this ___ day of __________, _______.
FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
By:____________________________
Len P. Brennan
President
Frank Russell Company agrees to provide consulting services without charge to
FRIC upon the request of the Board of Trustees or Officers of the Trust, or upon
the request of Advisor pursuant to Section 2(c).
FRANK RUSSELL COMPANY
By:___________________________________.
Michael J.A. Phillips, President
