CALAMOS INVESTMENT TRUST
Plan Pursuant to Rule 18f-3(d) under
the Investment Company Act of 1940
(as amended and restated as of August 1, 2000)
Calamos Investment Trust (the "Trust") may offer different classes of
shares of each series of the Trust pursuant to Rule 18f-3 under the Investment
Company Act of 1940 (the "Act") under the following Plan.
1. The Plan encompasses four classes of shares of each series of the
Trust (each, a "Fund" and collectively the "Funds") that may be offered as
follows:
(a) Class A shares are to be sold with a maximum front-end sales
charge of 4.75% of offering price and are subject to the payment of rule
12b-1 fees at a maximum annual rate of 0.50% of the average daily net
assets attributable to such shares. Front-end sales charges may be
reduced or waived as permitted by Rule 22d-1 under the Act. Class A
shares that were sold without a sales load by reason of a purchase price
of $1 million or more that are redeemed within 24 months from purchase
(excluding shares purchased by reinvestment of dividends or
distributions) are subject to a contingent deferred sales charge
("CDSC") imposed on the lesser of either the purchase price or the net
asset value of the shares redeemed, at the rate of 1.00% on shares
redeemed within one year after purchase, or at the rate of 0.50% if
purchased after July 31, 2000 and redeemed during the second year after
purchase. Class A shares are not otherwise subject to a CDSC. The CDSC
may be reduced or waived as permitted by Rule 6c-10 under the 1940 Act
and as described in the Funds' prospectus as from time to time in
effect.
(b) Class B shares are to be sold at net asset value without a
front-end sales charge and are subject to the payment of rule 12b-1 fees
at a maximum annual rate of 1.00% of the average daily net assets
attributable to such shares. Class B shares (excluding shares purchased
by reinvestment of dividends or distributions) that are redeemed within
six years of purchase are subject to a CDSC of up to 5.00% of either the
purchase price or the net asset value of the shares redeemed, whichever
is less (which period may be shorter and which percentage may be less
for certain Funds, as described in the Funds' prospectus as from time to
time in effect); such percentage declines the longer the shares are
held, as described in the Funds' prospectus as from time to time in
effect. The CDSC may be reduced or waived as permitted by Rule 6c-10
under the Act and as described in the Funds' prospectus as from time to
time in effect. Class B shares automatically convert to Class A shares
of the same Fund at the end of the calendar month eight years after
purchase (or such earlier date as the Trustees may authorize), except
that Class B shares purchased through the reinvestment of dividends and
other distributions on Class B shares convert to Class A shares at the
same time as the shares with respect to which they were purchased are
converted and Class B shares acquired by the exchange of Class B shares
of another Fund will convert to Class A shares based on the time of the
initial purchase.
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(c) Class C shares are to be sold at net asset value without a
front-end sales charge and are subject to the payment of rule 12b-1 fees
at a maximum annual rate of 1.00% of the average daily net assets
attributable to such shares. Class C shares (excluding shares purchased
by reinvestment of dividends or distributions) that are redeemed within
one year of purchase are subject to a CDSC of up to 1.00% of either the
purchase price or the net asset value of the shares redeemed, whichever
is less (which period may be shorter and which percentage may be less
for certain Funds, as described in the Funds' prospectus as from time to
time in effect). The CDSC may be reduced or waived as permitted by Rule
6c-10 under the Act and as described in the Funds' prospectus as from
time to time in effect.
(d) Class I shares are to be sold without a sales charge and are
not subject to the payment of any rule 12b-1 fees.
2. Rule 12b-1 fees with respect to shares of any class of any series
shall be allocated to that class of that series. Income, realized and unrealized
capital gains and losses, and expenses of any series not allocated to a
particular class of the series as provided in the preceding sentence, shall be
allocated to the series as a whole.
3. Each class of any series shall vote separately with respect to any
matter that separately affects that class or as required by applicable law. The
shares of each class have one vote per share and a pro-rata fractional vote for
a fraction of a share.
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