EX-99.D.2 4 exd2-bcf.txt Exhibit(d)(2) FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT This Amendment is made as of the 19th day of March, 2003, to each Investment Management Agreement listed on Schedule A (the "Agreement") between the Trusts/Corporations listed thereon, on behalf of the Funds listed thereon, and Deutsche Investment Management Americas Inc. The parties agree to amend the Agreement by inserting the following paragraph at the end of Section 4: You are authorized to delegate to such agents as you may deem desirable to assist you in performing your duties under this section 4, provided that (i) the Trust/Corporation's Board of Directors/Trustees, including a majority of the Directors/Trustees who are not interested persons of the Trust/Corporation or any party to this Agreement, has given its prior approval to any such delegation, (ii) you are responsible for compensating any such agent, and (iii) you shall be fully responsible and liable to the Trust/Corporation for the acts or omissions of any such agents as you are for your own acts and omissions under the Agreement. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officer as of the day and year first set forth above. EACH TRUST/CORPORATION LISTED ON SCHEDULE A By: /s/ Richard T. Hale ---------------------------------------- Richard T. Hale President DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC. By: /s/ William G. Butterly, III --------------------------------------- William G. Butterly, III General Counsel, Chief Legal Officer & Secretary SCHEDULE A TO FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT -------------------------------
Date of Investment Trust/Corporation Fund Management Agreement ----------------- ---- -------------------- Scudder Aggressive Growth Fund April 5, 2002 Scudder Blue Chip Fund April 5, 2002 Scudder Dynamic Growth Fund April 5, 2002 Scudder Equity Trust Scudder-Dreman Financial Services Fund April 5, 2002 Scudder Growth Fund Scudder Growth Fund April 5, 2002 Scudder New Europe Fund, Inc. Scudder New Europe Fund April 5, 2002 Scudder Target Fund Scudder Target 2010 Fund April 5, 2002 Scudder Target 2011 Fund April 5, 2002 Scudder Target 2012 Fund April 5, 2002 Scudder Target 2013 Fund April 5, 2002 Scudder Retirement Fund - Series V April 5, 2002 Scudder Retirement Fund - Series VI April 5, 2002 Scudder Retirement Fund - Series VII April 5, 2002 Scudder Worldwide 2004 Fund April 5, 2002 Scudder Technology Fund April 5, 2002 Scudder Total Return Fund April 5, 2002 Date of Investment Trust/Corporation Fund Management Agreement ----------------- ---- -------------------- Scudder Focus Value Plus Growth Fund April 5, 2002 Scudder Value Series, Inc. Scudder Contrarian Fund April 5, 2002 Scudder-Dreman High Return Equity Fund April 5, 2002 Scudder-Dreman Small Cap Value Fund April 5, 2002 Scudder High Income Series Scudder High Income Fund April 5, 2002 Scudder State Tax-Free Income Series Scudder California Tax-Free Income Fund April 5, 2002 Scudder New York Tax-Free Income Fund April 5, 2002 Scudder Florida Tax-Free Income Fund April 5, 2002 Scudder Strategic Income Fund April 5, 2002 Scudder U.S. Government Securities Fund April 5, 2002 Scudder Variable Series II Scudder Money Market Portfolio April 5, 2002 Scudder Total Return Portfolio April 5, 2002 Scudder High Income Portfolio April 5, 2002 Scudder Growth Portfolio April 5, 2002 Scudder Government Securities Portfolio April 5, 2002 Scudder International Select Equity April 5, 2002 Portfolio Date of Investment Trust/Corporation Fund Management Agreement ----------------- ---- -------------------- Scudder Small Cap Growth Portfolio April 5, 2002 Scudder Investment Grade Bond Portfolio April 5, 2002 Scudder Contrarian Value Portfolio April 5, 2002 SVS Dreman Small Cap Value Portfolio April 5, 2002 SVS Focus Value+Growth Portfolio April 5, 2002 Scudder Blue Chip Portfolio April 5, 2002 Scudder Strategic Income Portfolio April 5, 2002 SVS Dreman High Return Equity Portfolio April 5, 2002 SVS Dreman Financial Services Portfolio April 5, 2002 Scudder Global Blue Chip Portfolio April 5, 2002 Scudder Aggressive Growth Portfolio April 5, 2002 Scudder Technology Growth Portfolio April 5, 2002 SVS Janus Growth Opportunities Portfolio April 5, 2002 SVS Janus Growth and Income Portfolio April 5, 2002 Date of Investment Trust/Corporation Fund Management Agreement ----------------- ---- -------------------- SVS Eagle Focused Large Cap Growth April 5, 2002 Portfolio SVS Invesco Dynamic Growth Portfolio April 5, 2002 SVS Turner Mid Cap Growth Portfolio April 5, 2002 SVS Oak Strategic Equity Portfolio April 5, 2002 SVS Davis Venture Value Portfolio April 5, 2002 SVS MFS Strategic Value Portfolio May 1, 2002 Scudder High Income Trust April 5, 2002 Scudder Intermediate Government Trust April 5, 2002 Scudder Multi-Market Income Trust April 5, 2002 Scudder Municipal Income Trust April 5, 2002 Scudder Strategic Income Trust April 5, 2002 Scudder Strategic Municipal Income Trust April 5, 2002 Cash Account Trust Money Market Portfolio April 5, 2002 Government Securities Portfolio April 5, 2002 Tax-Exempt Portfolio April 5, 2002 Cash Equivalent Fund Money Market Portfolio April 5, 2002 Date of Investment Trust/Corporation Fund Management Agreement ----------------- ---- -------------------- Government Securities Portfolio April 5, 2002 Tax-Exempt Portfolio April 5, 2002 Investors Cash Trust Government Securities Portfolio April 5, 2002 Treasury Portfolio April 5, 2002 Investors Municipal Cash Fund Investors Florida Municipal Cash Fund April 5, 2002 Investors Michigan Municipal Cash Fund April 5, 2002 Investors New Jersey Municipal Cash Fund April 5, 2002 Investors Pennsylvania Municipal Cash Fund April 5, 2002 Tax-Exempt New York Money Market Fund April 5, 2002 Tax-Exempt California Money April 5, 2002 Market Fund Scudder Money Funds Scudder Money Market Fund April 5, 2002 Scudder Government Money Fund April 5, 2002 Scudder Tax-Exempt Money Fund April 5, 2002 Scudder YieldWise Funds Scudder YieldWise Money Fund April 5, 2002 Scudder YieldWise Government Money Fund April 5, 2002 Scudder YieldWise Municipal Money Fund April 5, 2002 Scudder Portfolios Scudder Cash Reserves Fund April 5, 2002