<PAGE>
Exhibit 99.8(b)
APPENDIX A
to the
Administration Agreement
Among BlackRock Funds(SM),
BlackRock Advisors, Inc. and PFPC Inc.
Class of
Name of Portfolio Shares
----------------- --------
Small Cap Value Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Small Cap Growth Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Large Cap Growth Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Large Cap Value Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Select Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
<PAGE>
Class of
Name of Portfolio Shares
----------------- ------
Index Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
International Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
International Emerging
Markets Portfolio Institutional
Service
Investor A
Investor B
Investor C
Balanced Portfolio Institutional
Service
Investor A
Investor B
Investor C
Low Duration Bond
Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Intermediate Bond
Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
<PAGE>
Class of
Name of Portfolio Shares
----------------- --------
Intermediate Government
Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
Government Income
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Core Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Managed Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
International Bond
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Tax-Free Income
Portfolio Institutional
Service
Investor A
Investor B
Investor C
<PAGE>
Class of
Name of Portfolio Shares
----------------- --------
Pennsylvania Tax-Free
Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
New Jersey Tax-Free
Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
Ohio Tax-Free Income
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Money Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Hilliard Lyons
Municipal Money Market
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Hilliard Lyons
U.S. Treasury Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
<PAGE>
Class of
Name of Portfolio Shares
----------------- --------
Ohio Municipal Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Pennsylvania Municipal
Money Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
North Carolina Municipal
Money Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
New Jersey Municipal Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Virginia Municipal Money
Market Portfolio Institutional
Service
Investor A
Investor B
Investor C
Multi-Sector Mortgage
Securities Portfolio III Institutional
<PAGE>
Class of
Name of Portfolio Shares
----------------- ------
Mid-Cap Growth Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Mid-Cap Value Equity
Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock Strategic
Portfolio I Institutional
BlackRock Strategic
Portfolio II Institutional
International Small Cap
Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Micro-Cap
Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
GNMA Portfolio Institutional
Service
Investor A
Investor B
Investor C
<PAGE>
Class of
Name of Portfolio Shares
----------------- --------
Delaware Tax-Free
Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
Kentucky Tax-Free
Income Portfolio Institutional
Service
Investor A
Investor B
Investor C
High Yield Bond Portfolio Institutional
Service
Investor A
Investor B
Investor C
BlackRock
Multi-Sector Mortgage
Securities Portfolio IV Institutional
Global Science &
Technology Portfolio Institutional
Service
Investor A
Investor B
Investor C
European Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
Asia Pacific Equity Portfolio Institutional
Service
Investor A
Investor B
Investor C
<PAGE>
Core Equity Portfolio Institutional
Global Communications
Portfolio Institutional
Service
Investor A
Investor B
Investor C
Release. "BlackRock Funds" and "Trustees of BlackRock Funds" refer respectively
-------
to the trust created and the Trustees, as trustees but not individually or
personally, acting from time to time under a Declaration of Trust dated December
22, 1988 which is hereby referred to and a copy of which is on file at the
office of the State Secretary of the Commonwealth of Massachusetts and at the
principal office of the Company. The obligations of "BlackRock Funds" entered
into in the name or on behalf thereof by any of the Trustees, officers,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders, officers,
representatives or agents of the Company personally, but bind only the Trust
Property (as defined in the Declaration of Trust), and all persons dealing with
any class of shares of the Customer must look solely to the Trust Property
belonging to such class for the enforcement of any claims against the Company.
Agreed to and accepted as of _________ __, 2000.
BLACKROCK FUNDS(SM)
By:____________________________
Name:
Title:
BLACKROCK ADVISORS, INC.
By:____________________________
Name:
Title:
PFPC INC.
By:____________________________
Name:
Title:
<PAGE>
APPENDIX B
----------
Administration Fees Payable
With Respect to BlackRock Funds(SM)
I. Portfolios Fund-Based Administration Fees
------------------------------
All Portfolios.
Administrators are entitled to receive a
combined fee, computed daily and payable
monthly, at an annual rate of .085% of
the first $500 million of each
Portfolio's average daily net assets;
.075% of the next $500 million of each
Portfolio's average daily net assets;
and .065% of each Portfolio's average
daily net assets in excess of $1
billion.
II. Portfolios Class-Specific Administration Fee
---------------------------------
Managed Income, Core Bond/*/, Administrators are entitled to
Intermediate Government Bond, receive a combined fee, computed
Tax-Free Income, New Jersey Tax-Free daily and payable monthly, at the
Income, Ohio Tax-Free Income, following maximum annual rates based
Pennsylvania Tax-Free Income, Low on the average daily net assets
Duration Bond/*/, Intermediate allocated to each respective class of
Bond/*/, International Bond, shares: .145% of the first $500
Government Income, Multi-Sector million of average daily net assets
Mortgage Securities Portfolio III, allocated to each respective class of
Multi-Sector Mortgage Securities shares, .135% of the next $500
Portfolio IV, BlackRock Strategic million of such average daily net
Portfolio I, BlackRock Strategic assets, and .125% of all average
Portfolio II, GNMA, Delaware daily net assets allocated to a class
Tax-Free Income, Kentucky Tax-Free of shares in excess of $1 billion.
Income and High Yield Bond*
Portfolios.
* With respect to BlackRock Shares of each of the Core Bond, Low Duration Bond,
Intermediate Bond and High Yield Bond Portfolios, the Administrators are
entitled to receive a combined fee, computed daily and payable monthly, at the
following maximum annual rates based on the average daily net assets allocated
to BlackRock Shares of each of those Portfolios: .035% of the first $500 million
of average daily net assets allocated to BlackRock Shares, .025% of the next
$500 million of such average daily net assets, and .015% of all average daily
net assets allocated to BlackRock Shares in excess of $1 billion.
<PAGE>
Money Market, Municipal Money Market, Administrators are entitled to
U.S. Treasury Money Market, Ohio receive a combined fee, computed
Municipal Money Market, New Jersey daily and payable monthly, at the
Municipal Money Market, Pennsylvania following maximum annual rates based
Municipal Money Market, North on the average daily net assets
Carolina Municipal Money Market and allocated to each respective class of
Virginia Municipal Money Market shares: .095% of the first $500
Portfolios. million of average daily net assets
allocated to a class of shares, .085%
of the next $500 million of such
average daily net assets, and .075%
of all average daily net assets
allocated to a class of shares in
excess of $1 billion.
Large Cap Value Equity, Large Cap Administrators are entitled to
Growth Equity, Small Cap Value receive a combined fee, computed
Equity, International Equity, Index daily and payable monthly, at the
Equity, Balanced, Small Cap Growth following maximum annual rates based
Equity, Select Equity/*/, Mid-Cap on the average daily assets allocated
Value Equity, Mid-Cap Growth Equity, to each class of shares: .145% of
International Emerging Markets, the first $500 million of average
International Small Cap Equity, daily net assets allocated to a class
Micro-Cap Equity, Global Science & of shares, .135% of the next $500
Technology, European Equity, Asia million of such average daily net
Pacific Equity, Core Equity and assets and .125% of all average daily
Global Communications Portfolios. net assets allocated to a class of
shares in excess of $1 billion.
* With respect to BlackRock Shares of the Select Equity Portfolio, the
Administrators are entitled to receive a combined fee, computed daily and
payable monthly, at the following maximum annual rates based on the average
daily net assets allocated to BlackRock Shares of the Portfolio: .035% of the
first $500 million of average daily net assets allocated to BlackRock Shares,
.025% of the next $500 million of such average daily net assets, and .015% of
all average daily net assets allocated to BlackRock Shares in excess of $1
billion.
<PAGE>
Release. "BlackRock Funds" and "Trustees of BlackRock Funds" refer respectively
-------
to the trust created and the Trustees, as trustees but not individually or
personally, acting from time to time under a Declaration of Trust dated December
22, 1988 which is hereby referred to and a copy of which is on file at the
office of the State Secretary of the Commonwealth of Massachusetts and at the
principal office of the Company. The obligations of "BlackRock Funds" entered
into in the name or on behalf thereof by any of the Trustees, officers,
representatives or agents are made not individually, but in such capacities, and
are not binding upon any of the Trustees, shareholders, officers,
representatives or agents of the Company personally, but bind only the Trust
Property (as defined in the Declaration of Trust), and all persons dealing with
any class of shares of the Customer must look solely to the Trust Property
belonging to such class for the enforcement of any claims against the Company.
Agreed to and accepted as of _________ __, 2000.
BLACKROCK FUNDS(SM)
By:________________________
Name:
Title:
BLACKROCK ADVISORS, INC.
By:________________________
Name:
Title:
PFPC INC.
By:________________________
Name:
Title:
