Exhibit H
AMENDMENT NO. 2 TO ADMINISTRATION AGREEMENT
This AMENDMENT NO. 2, dated the 30th day of November, 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, as amended to date, 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/TAMRO
Large Cap Value Fund and Alleghany/TAMRO Small Cap Fund;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound, do hereby
agree 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 amendment to the registration statement of the Trust registering
Alleghany/TAMRO Large Cap Value Fund and Alleghany/TAMRO Small Cap Fund becomes
effective.
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment
consisting of one typewritten 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 Dillenburg
By: Kenneth C. Anderson By: Gerald Dillenburg
President Title: Senior Vice President
/s/Gerald F. Dillenburg /s/ Laura Hlade
Attest: Gerald F. Dillenburg Attest: Laura Hlade
Vice President Title: Assistant Treasurer
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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 Class
I 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 Alleghany/TAMRO Large Cap Value Fund
Alleghany/TAMRO Small Cap Fund
Originally Adopted: June 17, 1999
Amended: June 30, 2000
Amended: November 30, 2000
