EX-99.D 5 trust1d1xi.txt EXH D1XI Exhibit (d)(1)(xi) CDC IXIS ASSET MANAGEMENT ADVISERS, L.P. 399 Boylston Street Boston, MA 02116 February 4, 2004 CDC Nvest Funds Trust I CDC Nvest Star Small Cap Fund 399 Boylston Street Boston, MA 02116 Attn: Nicholas Palmerino, Treasurer Re: CDC Nvest Star Small Cap Fund Advisory Agreement Addendum Dear Mr. Palmerino: The Advisory Agreement dated October 30, 2000 between CDC Nvest Funds Trust I (the "Fund") with respect to its CDC Nvest Star Small Cap Fund (the "Series") and CDC IXIS Asset Management Advisers, L.P. (the "Manager") is hereby revised, effective March 1, 2004, (1) to delete all reference to the name "CDC Nvest Star Small Cap Fund" and to replace the name with "Vaughan Nelson Small Cap Value Fund" and (2) to delete section 7 and to replace it with the following: 7. As full compensation for all services rendered, facilities furnished and expenses borne by the Manager hereunder, the Fund shall pay the Manager compensation in an amount equal to the annual rate of 0.90% the Series' average daily net assets (or such lesser amount as the Manager may from time to time agree to receive) minus any fees payable by the Fund, with respect to the period in question, to any one or more Subadvisers pursuant to any Subadvisory Agreements in effect with respect to such period. Such compensation shall be payable monthly in arrears or at such other intervals, not less frequently than quarterly, as the Board of Trustees of the Fund may from time to time determine and specify in writing to the Manager. The Manager hereby acknowledges that the Fund's obligation to pay such compensation is binding only on the assets and property belonging to the Series. To indicate your approval and acceptance of the terms of this letter, please sign below where indicated. Sincerely, /s/Scott E. Wennerholm --------------------- Scott E. Wennerholm Executive Vice President, Treasurer, Chief Financial Officer and Chief Operating Officer ACCEPTED AND AGREED TO: CDC Nvest Funds Trust I for CDC Nvest Star Small Cap Fund By: /s/Nicholas Palmerino _____________________ Nicholas Palmerino Title: Treasurer Date: February 5, 2004