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AIG MONEY MARKET FUND
SCHEDULE DATED MAY 19, 2000
TO THE ADMINISTRATION AGREEMENT
DATED NOVEMBER 14, 1991
BETWEEN
THE ADVISORS' INNER CIRCLE FUND
AND
SEI INVESTMENTS MUTUAL FUND SERVICES
(FORMERLY SEI FUND RESOURCES)
FEES: Pursuant to Article 4, Section A, the Trust shall pay the
Administrator compensation for services rendered to the AIG Money
Market Fund (the "Portfolio") at an annual rate equal to the sum of
(i) .06% of average daily net assets up to $500 million; (ii) .05%
of average daily net assets from $500 million up to $1 billion;
(iii) .04% of average daily net assets in excess of $1 billion
(commencing with the commencement date shown under "Term" below).
There is a minimum annual fee of $95,000 per portfolio plus $15,000
for each additional class.
TRANSFER AGENT REIMBURSEMENT:
Administrator agrees to pay the Fund's transfer agency expenses up
to a maximum of $70,000 annually to the extent aggregate
annual average net assets of the Class A and Class B shares remain
greater than $450 million. The Fund will pay any transfer
agency fees in excess of the cap. The Adviser will assume
responsibility for any transfer agency expenses when aggregate
average annual net assets fall below $450 million.
FUND'S INVESTOR SERVICING TRANSACTION COSTS:
Investor Services calls will be charged as a Fund expense at
$6 per call.
TERM: Pursuant to Article 7, the term of this Agreement shall commence on
May 19, 2000 and shall remain in effect with respect for the
Portfolio for 5 years (the "Renewal Term"). This Agreement shall
continue in effect after the Renewal Term, unless terminated by
either party on not less than 90 days prior written notice to the
other party. In the event of a material breach of this Agreement by
either party, the non-breaching party shall notify the breaching
party in writing of such breach and upon receipt of such notice, the
breaching party shall have 45 days to remedy the breach or the
non-breaching party may immediately terminate this Agreement.
This fee schedule, with stated terms, applies only to the AIG Money
Market Fund for the agreed upon term. Any additional
Portfolios must be negotiated as a separate fee arrangement.
Agreed to and accepted by:
SEI Investments Mutual Fund Services Advisors' Inner Circle Fund
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Name Name
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Title Title
Acknowledged and Agreed to by:
AIG Capital Management Corp.
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