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EXPENSE LIMITATION AGREEMENT
This EXPENSE LIMITATION AGREEMENT is made as of the 29/th/ day of OCTOBER,
2000 by and between MORGAN GRENFELL INVESTMENT TRUST, a Delaware business trust
(the "Trust") and DEUTSCHE ASSET MANAGEMENT, INC., a Delaware corporation (the
"Adviser"), with respect to the following:
WHEREAS, the Adviser serves as Investment Adviser to the Trust's series set
forth on Exhibit A pursuant to a Management Contract dated August 23, 1996, and
the Adviser serves as the Trust's Administrator pursuant to an Administration
Agreement dated August 27, 1998 (collectively, the "Agreements").
NOW, in consideration of the mutual covenants herein contained and other
good and valuable consideration, the receipt whereof is hereby acknowledged, the
parties hereto agree as follows:
1. The Adviser agrees to waive its fees and reimburse expenses for
the period from October 29, 2000 to February 28, 2002 to the
extent necessary so that the total annual operating expenses for
each of the Trust's series set forth on Exhibit A (each a "Fund")
do not exceed the percentage of average daily net assets set
forth on Exhibit A.
2. Upon the termination of any of the Agreements, this Agreement
shall automatically terminate.
3. Any question of interpretation of any term or provision of this
Agreement having a counterpart in or otherwise derived from a
term or provision of the Investment Company Act of 1940, as
amended (the "1940 Act") shall be resolved by reference to such
term or provision of the 1940 Act and to interpretations thereof,
if any, by the United States Courts or in the absence of any
controlling decision of any such court, by rules, regulations or
orders of the Securities and Exchange Commission ("SEC") issued
pursuant to said Act. In addition, where the effect of a
requirement of the 1940 Act reflected in any provision of this
Agreement is revised by rule, regulation or order of the SEC,
such provision shall be deemed to incorporate the effect of such
rule, regulation or order. Otherwise the provisions of this
Agreement shall be interpreted in accordance with the laws of
Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers as of the day and year first
above written.
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MORGAN GRENFELL INVESTMENT TRUST
Attest: _________________________ By: __________________________
Name: Amy M. Olmert Name: Daniel O. Hirsch
Title: Secretary
DEUTSCHE ASSET MANAGEMENT, INC.
Attest: ________________________ By: ___________________________
Name: Name:
Title:
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Exhibit A
<TABLE>
<S> <C>
Total Fund Operating Expenses
Fund (as a percentage of average daily net assets)
---- ---------------------------------------------
Total Return Bond - Premier Class 0.45%
Total Return Bond- Institutional Class 0.60%
</TABLE>
