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SIGNATURE PATRICK F. QUAN
TITLE SECRETARY
AMENDMENT OF SHAREHOLDER SERVICES AGREEMENT
This Amendment to the Shareholder Services Agreement (the
"Agreement") by and between American Funds Service Company
(hereinafter "AFS") and The Income Fund of America,
Inc.(hereinafter called "the Fund") is dated as of the first day of
January 1998.
WHEREAS, AFS and the Fund entered into the Agreement with
regard to certain shareholder services to be performed by AFS; and
WHEREAS, AFS and the Fund desire to amend said Agreement in
the manner hereinafter set forth;
NOW THEREFORE, pursuant to Section 9 of the Agreement, AFS and
the Fund hereby amend the Agreement in the following form:
1. Section 6 is amended to read as follows:
AFS will provide to the participating investment companies the
shareholder services referred to herein in return for the following
fees:
Annual account maintenance fee (paid monthly):
$0.45 per month for each open account on AFS books or in
Level 2 or 4
Networking ($5.40 per year).
$0.06 per month for each open account maintained in
Street Name or
Level 1 or 3 Networking ($0.72 per year).
No annual fee will be charged for a participant account
underlying a 401(k)
or other defined contribution plan where the plan
maintains a single
account on AFS books and responds to all participant
inquiries.
Transaction fees:
$2.70 per non-automated transaction
$0.20 per automated transaction
For this purpose, "transactions" shall include all types of
transactions included in an "activity index" as reported to the
Review and Advisory Committee at least annually. AFS will bill the
Fund monthly, on or shortly after the first of each calendar month,
and the Fund will pay AFS within five business days of such
billing.
Any revision of the schedule of charges set forth herein shall
require the affirmative vote of a majority of the members of the
board of directors of the Fund.
<PAGE>
IN WITNESS THEREOF, AFS and the Fund have caused this
Amendment to be executed by their duly authorized officers
effective as of the date first written above.
THE INCOME FUND OF AMERICAN FUNDS
AMERICA, INC. SERVICE COMPANY
BY: /s/ Patrick F. Quan BY: /s/ Kenneth R.
Gorvetzian
Name: Patrick F. Quan Name: Kenneth
R. Gorvetzian
Title: Secretary Title: Secretary
Date: January 2, 1998 Date: January 2,
1998
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.74
<EXPENSE-RATIO> .003
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
