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EXHIBIT (h)(1)(b)
TRANSFER AGENCY AND SERVICE AGREEMENT
BETWEEN
MAINSTAY INSTITUTIONAL FUNDS INC. AND
MAINSTAY SHAREHOLDER SERVICES INC.
FEE SCHEDULE
(as amended December 5, 2000)
1) MAINTENANCE AND TRANSACTION CHARGES - BILLABLE MONTHLY
A) Per Account Annual Fee:
The following funds will be billed at a rate of 1/12 of the
annual fee for each fund account serviced during the month.
Accounts serviced is defined as all open accounts at month end
and accounts which close during the month.
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<CAPTION>
Funds Account Rates
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Value Equity Fund $20.50
Growth Equity Fund $20.50
Bond Fund $24.00
Short-Term Bond Fund $24.00
Money Market Fund $28.50
Indexed Equity Fund $20.50
Indexed Bond Fund $24.00
International Bond Fund $24.00
International Equity Fund $20.50
Multi-Asset Fund $24.00
EAFE Index Fund $20.50
Core Bond Plus Fund
Mid Cap Core Fund
Tax Free Bond Fund
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B) Fund Minimum (Cusip/Class/Fund)
$1,000 per month per cusip
The fees and charges set forth shall increase annually over
the fees and charges during the prior 12 months in an amount
equal to the annual percentage of change in the Northeastern
Consumer Price Index as last reported by the U.S. Bureau of
Labor Statistics.
2) Out-Of-Pocket
A) Out-of-Pocket
Out-of-pocket expenses include but are not limited to:
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Confirmation production, postage, forms, telephone, microfilm,
microfiche and expenses incurred at the specific direction of
the fund. Postage for mass mailings is due seven days in
advance of the mailing date.
IN WITNESS WHEREOF, MainStay Institutional Funds Inc. and MainStay Shareholder
Services Inc. have agreed upon this fee schedule and have caused this fee
schedule to be executed in their names and on their behalf through duly
authorized officers.
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MAINSTAY INSTITUTIONAL FUNDS, INC. MAINSTAY SHAREHOLDER SERVICES INC.
<S> <C>
NAME:____________________________ NAME:_______________________________
TITLE: President TITLE: President & CEO
___________________________ ___________________________
DATE: May 18, 1998 DATE: May 20, 1998
___________________________ ___________________________
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