EX-99.H 5 exh3-imc.txt CONTRACT Exhibit (h)(3) August 3, 2000 Mr. Robert Ciarlelli Senior Vice President Kemper Service Company 811 Main Street Kansas City, Missouri 64105 Re: Agency Agreements by and between Investors Fiduciary Trust Company and the entity referenced on Exhibit A dated as indicated, as amended or supplemented; and Service Agreements by and between Kemper Service Company and Investors Fiduciary Trust Company with respect to each of the funds referenced on Exhibit A, dated the same date as the corresponding Agency Agreement, as amended or supplemented Dear Bob: As you are aware, we are completing the acquisition process that began in 1995 when State Street purchased Investors Fiduciary Trust Company. The State Street/IFTC combination has been truly beneficial, particularly in the areas of product offerings, technology and customer service. In order to support continued growth and to meet the changing needs of our clients, we will be assigning all IFTC custody and fund accounting contracts to State Street Bank and Trust Company as soon as possible. We request your agreement to such assignment and to the assumption of all rights, duties and obligations of the above-referenced contracts by State Street Bank and Trust Company, effective August 31, 2000. Please have each fund and Kemper Service Company indicate its consent to the assignment and assumption by having it sign the enclosed copy of this letter and returning it to me in the enclosed pre-addressed envelope. Thank you for your prompt response, and please do not hesitate to call me at (816) 871- 9478 if I can provide any further information or be of assistance in any way. Sincerely /s/Beverly Z. Edwards Beverly Z. Edwards Vice President and Associate Counsel State Street Bank and Trust Company hereby agrees to assume all rights, duties and obligations of Investors Fiduciary Trust Company pursuant to the above referenced contracts, effective August 31, 2000. In addition, State Street consents solely as to Sections 3.01, 3.02 and 3.03 of the Service Agreement made as of the 1st day of May, 1991 by and between Kemper Service Company and DST Systems, Inc. STATE STREET BANK AND TRUST COMPANY By: /s/Stephen R. Hilliard Title: SVP APPROVED AND AGREED TO: Kemper Service Company By: /s/Robert W. Ciarlelli Kemper Aggressive Growth Fund ------------------------------ Kemper Asian Growth Fund Kemper Blue Chip Fund Title: Sr. V P Cash Account Trust --------------------------- Cash Equivalent Fund Kemper Strategic Income Fund Kemper Value Series, Inc. Kemper New Europe Fund, Inc. Kemper Global Income Fund Kemper Growth Fund Kemper High Income Trust Kemper High Yield Series Kemper Horizon Fund Kemper Income and Capital Preservation Fund Kemper Intermediate Government Trust Kemper International Fund Investors Cash Trust Kemper Variable Series Kemper Multi-Market Income Trust Kemper Municipal Income Trust Kemper National Tax-Free Income Series Kemper Portfolios Kemper Short-Term U.S. Government Fund Kemper Small Capitalization Equity Fund Kemper State Tax-Free Income Series Kemper Strategic Income Trust Kemper Strategic Municipal Income Trust Kemper Target Equity Fund Tax-Exempt CA Money Market Fund Investors Municipal Cash Fund Kemper Technology Fund Kemper Total Return Fund Kemper U.S. Government Securities Fund Kemper Value Plus Growth Fund Zurich Money Funds Zurich Yieldwise Funds By: Phillip J. Collorra ------------------- Title: Vice President EXHIBIT A
------------------------------------------------------------------------------------------------ ---------------------- ----------- Entity Contract Supplement Date Date ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Aggressive Growth Fund 12/20/1996 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Asian Growth Fund 10/04/1996 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Blue Chip Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Cash Account Trust 09/06/1990 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Cash Equivalent Fund 04/01/1991 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Strategic Income Fund (formerly Kemper Diversified Income Fund) 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Value Series, Inc. (formerly Kemper Dreman Fund, Inc.) 09/11/1995 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper New Europe Fund, Inc. 09/03/1999 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Global Income Fund 09/29/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Growth Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper High Income Trust 05/03/1991 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper High Yield Series (formerly Kemper High Yield Fund) 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Horizon Fund 01/01/1996 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Income and Capital Preservation Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Intermediate Government Trust 05/03/1991 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper International Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Investors Cash Trust 09/21/1990 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Variable Series (formerly Kemper Investors Fund) 03/24/1987 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Multi-Market Income Trust 05/03/1991 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Municipal Income Trust 05/03/1991 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper National Tax-Free Income Series (formerly Kemper Municipal Bond Fund) 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Portfolios (formerly Investment Portfolios) 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Short-Term U.S. Government Fund (formerly Kemper Enhanced Government Income Fund) 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Small Capitalization Equity Fund (formerly Kemper Summit Fund) 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper State Tax-Free Income Series (formerly Kemper California Tax-Free 01/01/1989 06/01/97 Income Fund) ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Strategic Income Trust (formerly Kemper Strategic Income Fund) 04/29/1994 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Strategic Municipal Income Trust 05/03/1991 None ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Target Equity Fund (formerly Kemper Retirement Fund) 01/11/1990 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Tax-Exempt CA Money Market Fund 04/01 / 1991 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Investors Municipal Cash Fund (formerly Tax-Exempt NY Money Market Fund) 10/18/1990 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Technology Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Total Return Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper U.S. Government Securities Fund 01/01/1989 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Kemper Value Plus Growth Fund 10/16/1995 06/01/97 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Zurich Money Funds (formerly Kemper Money Market Fund) 01/01/1989 04/01/95 ------------------------------------------------------------------------------------------------ ---------------------- ----------- Zurich Yieldwise Funds (formerly Zurich YieldWise Money Fund) 04/16/1997 None ------------------------------------------------------------------------------------------------ ---------------------- -----------