Exhibit (h)(3)
AMENDMENT NO. 1 TO ADMINISTRATION AGREEMENT
This AMENDMENT NO. 1, dated as of the 30th day of June, 2000, is made
by and between Alleghany Funds, a Delaware business trust (the "Trust"),
operating as an open-end management investment company registered under the
Investment Company Act of 1940, as amended, duly organized and existing under
the laws of the State of Delaware and Alleghany Investment Services Inc., an
Illinois corporation (the "Administrator") (collectively, the "Parties").
WITNESSETH THAT:
WHEREAS, the Trust and the Administrator originally entered into an
Administration Agreement dated June 17, 1999, wherein the Administrator agreed
to provide certain administrative services to each series of the Trust (the
"Agreement"); and
WHEREAS, the Parties wish to amend the Agreement to include under its
terms one additional separate series of shares identified as Alleghany/Veredus
SciTech Fund;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree:
1. To amend Schedule "C" to the Agreement in the form attached hereto
as Schedule "C". This Amendment shall take effect upon the date or
dates when the respective amendments to the
registration statement of the Trust registering Alleghany/Veredus SciTech Fund
become effective. IN WITNESS WHEREOF, the Parties hereto have caused
this Amendment consisting of one type written page, together with
Schedule "C", to be signed by their duly authorized officers and their
corporate seals hereunto
duly affixed and attested, as of the day and year first above written.
Alleghany Funds Alleghany Investment Services Inc.
/s/Kenneth C. Anderson /s/Gerald F. Dillenburg
By: Kenneth C. Anderson, President By: Gerald F. Dillenburg
/s/Gerald F. Dillenburg /s/Laura Hlade
Attest: Gerald F. Dillenburg, V.P. Attest: Laura Hlade
SCHEDULE "C"
IDENTIFICATION OF SERIES
Below are listed the Series to which services under this Agreement are to be
performed as of the execution date of this Amendment. This Schedule "C" may be
amended from time to time by agreement of the parties.
ALLEGHANY FUNDS
Alleghany/Montag & Caldwell Growth Fund - Class N and ClassI
Alleghany/Chicago Trust Growth & Income Fund
Alleghany/Chicago Trust Talon Fund
Alleghany/Chicago Trust Balanced Fund
Alleghany/Montag & Caldwell Balanced Fund - Class N and Class I
Alleghany/Chicago Trust Bond Fund
Alleghany/Chicago Trust Municipal Bond Fund
Alleghany/Chicago Trust Money Market Fund
Alleghany/Chicago Trust SmallCap Value Fund
Alleghany/Veredus Aggressive Growth Fund
Alleghany/Blairlogie Emerging Markets Fund - Class N and Class I
Alleghany/Blairlogie International Developed Fund - Class N and Class I
Alleghany/Veredus SciTech Fund
Originally Adopted: June 17, 1999
Amended: June 30, 2000
