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Exhibit (e)1.5
LETTER AGREEMENT
Russell Fund Distributors, Inc.
909 A Street
Tacoma, WA 98402
Dear Sirs:
Pursuant to Introductory Section 1 of the Distribution Agreement between Frank
Russell Investment Company ("FRIC") and Russell Fund Distributors, Inc., dated
March 7, 1988, FRIC advises you that it is creating two new Funds, each
consisting of Class C Shares, Class E Shares, Class I Shares, Class S Shares and
Class Y Shares (each, a "Class"), with the following names Select Growth Fund
and Select Value Fund (the "New Funds") and is creating a new Class E of the
Tax-Managed Global Equity Fund. FRIC desires Russell Fund Distributors, Inc. to
serve as Distributor with respect to the Shares of each Class of each of the New
Funds and of Class E of the Tax-Managed Global Equity Fund pursuant to the terms
and conditions of the Distribution Agreement. The fees to be charged the Fund
in return for the Distributor's services are the same as in the Distribution
Agreement.
Please indicate your acceptance to act as Distributor with respect to each Class
of the New Funds and of Class E of the Tax-Managed Global Equity Fund 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 ___________, 2000
RUSSELL FUND DISTRIBUTORS, INC.
By:_________________________________
J. David Griswold
President
