Exhibit (h)(5)
AMENDMENT NO. 1 TO SUB-ADMINISTRATION AND
ACCOUNTING SERVICES AGREEMENT
This AMENDMENT NO. 1, dated the 30th day of June, 2000, is made by and
between PFPC Inc., a Massachusetts corporation ("PFPC"), and Alleghany
Investment Services Inc., an Illinois corporation (the "Administrator")
(collectively, the "Parties").
WITNESSETH THAT:
WHEREAS, the Administrator has entered into an Administration Agreement
with Alleghany Funds (the "Company") dated June 17, 1999, as amended to date,
wherein the Administrator has agreed to provide certain administrative services
to the Company; and
WHEREAS, the Administrator has entered into a Sub-Administration
Agreement (the "Sub-Administration Agreement") with PFPC dated April 1, 2000,
wherein PFPC agreed to provide certain administrative and accounting services to
the Company; and
WHEREAS, the Parties wish to amend the Sub-Administration 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 "A" to the Sub-Administration Agreement in the
form attached hereto as Schedule "A".
This Amendment shall take effect upon the date when the respective
amendments to the registration statement of the Company registering
Alleghany/Veredus SciTech Fund become effective.
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment
consisting of two type written pages, together with Schedule "A", 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 Investment Services Inc. PFPC Inc.
/s/Gerald F. Dillenburg /s/ Stephen M. Wynne
By: Gerald F. Dillenburg By: Stephen M. Wynne, Exec. Vice President
/s/Laura Hlade
Attest: Laura Hlade Attest:
EXHIBIT A
PORTFOLIOS
Alleghany/Chicago Trust Money Market Fund
Alleghany/Chicago Trust Municipal Bond Fund
Alleghany/Chicago Trust Bond Fund
Alleghany/Chicago Trust Balanced Fund
Alleghany/Chicago Trust Talon Fund
Alleghany/Chicago Trust Growth & Income Fund
Alleghany/Chicago Trust Small Cap Value Fund
Alleghany/Veredus Aggressive Growth Fund
Alleghany/Montag & Caldwell Balanced Fund
Alleghany/Montag & Caldwell Growth Fund
Alleghany/Blairlogie International Developed Fund
Alleghany/Blairlogie Emerging Markets Fund
Alleghany/Veredus SciTech Fund
Dated: April 1, 2000
Amended: June 30, 2000
