Common use of Administrative Management Clause in Contracts

Administrative Management. Provide each Fund with a president, a chief financial officer, a secretary, and such other officers as are necessary to manage the Fund and administer its affairs in accordance with law and appropriate business practice, all subject to the approval of the Fund's Board of Directors/Trustees. ADMINISTRATIVE SERVICES AND TRANSFER AGENCY AGREEMENT Schedule B Share Transfer and Dividend Disbursing Services Benham Financixx Xxrvices, Inc. agrees to provide each Fund the following transfer agency and dividend disbursing services: 1. Maintain shareholder accounts, including processing of new accounts. 2. Post address changes and other file maintenance for shareholder accounts. 3. Post all monetary transactions to the shareholder file, including: * Dividends, capital gains, and reverse share splits (BTMT) * Direct (including lock box) purchases * Wire order purchases and redemptions * Letter and telephone redemptions * Draft redemptions * Letter and telephone exchanges (as well as auto exchanges via VRU and PC transmissions) * Letter and telephone transfers * Certificate issuances * Certificate deposits * Account fees * Automated Clearing House ("ACH") transactions * Exchanges initiated via Open Order Service 4. Conduct quality control reviews, by a separate dedicated group using statistically reliable samples, of transactions and account maintenance functions before mailing confirmations, checks, and/or share certificates to shareholders. 5. Monitor fiduciary processing to ensure accuracy and proper deduction of fees.

Administrative Management. Provide each Fund with a president, a chief financial officer, a secretary, and such other officers as are necessary to manage the Fund and administer its affairs in accordance with law and appropriate business practice, all subject to the approval of the Fund's Board of Directors/Trustees. ADMINISTRATIVE SERVICES AND TRANSFER AGENCY AGREEMENT Schedule B Share Transfer and Dividend Disbursing Services Benham Financixx XxrvicesXxxxxx Financial Services, Inc. agrees to provide each Fund the following transfer agency and dividend disbursing services: 1. Maintain shareholder accounts, including processing of new accounts. 2. Post address changes and other file maintenance for shareholder accounts. 3. Post all monetary transactions to the shareholder file, including: * Dividends, capital gains, and reverse share splits (BTMT) * Y Direct (including lock box) purchases * Y Wire order purchases and redemptions * Letter and telephone redemptions * Y Draft redemptions * Letter and telephone exchanges (as well as auto exchanges via VRU and PC transmissions) * Letter and telephone transfers * Certificate issuances * Certificate deposits * Account fees * Automated Clearing House ("ACH") transactions * Exchanges initiated via Open Order Service 4. Conduct quality control reviews, by a separate dedicated group using statistically reliable samples, of transactions and account maintenance functions before mailing confirmations, checks, and/or share certificates to shareholders. 5. Monitor fiduciary processing to ensure accuracy and proper deduction of fees.

Administrative Management. Provide each Fund with a president, a chief financial officer, a secretary, and such other officers as are necessary to manage the Fund and administer its affairs in accordance with law and appropriate business practice, all subject to the approval of the Fund's Board of Directors/Trustees. ADMINISTRATIVE SERVICES AND TRANSFER AGENCY AGREEMENT Schedule B Share Transfer and Dividend Disbursing Services Benham Financixx Xxrvices, Inc. agrees to provide each Fund the following transfer agency and dividend disbursing services: 1. Maintain shareholder accounts, including processing of new accounts. 2. Post address changes and other file maintenance for shareholder accounts. 3. Post all monetary transactions to the shareholder file, including: * Dividends, capital gains, and reverse share splits (BTMT) * Y Direct (including lock box) purchases * Y Wire order purchases and redemptions * Letter and telephone redemptions * Y Draft redemptions * Letter and telephone exchanges (as well as auto exchanges via VRU and PC transmissions) * Letter and telephone transfers * Certificate issuances * Certificate deposits * Account fees * Automated Clearing House ("ACH") transactions * Exchanges initiated via Open Order Service 4. Conduct quality control reviews, by a separate dedicated group using statistically reliable samples, of transactions and account maintenance functions before mailing confirmations, checks, and/or share certificates to shareholders. 5. Monitor fiduciary processing to ensure accuracy and proper deduction of fees.

Administrative Management. Provide each Fund with a president, a chief financial officer, a secretary, and such other officers as are necessary to manage the Fund and administer its affairs in accordance with law and appropriate business practice, all subject to the approval of the Fund's Board of Directors/Trustees. ADMINISTRATIVE SERVICES AND TRANSFER AGENCY AGREEMENT Schedule B Share Transfer and Dividend Disbursing Services Benham Financixx XxrvicesFinanciax Xxxxices, Inc. agrees to provide each Fund the following transfer agency and dividend disbursing services: 1. Maintain shareholder accounts, including processing of new accounts. 2. Post address changes and other file maintenance for shareholder accounts. 3. Post all monetary transactions to the shareholder file, including: * Dividends, capital gains, and reverse share splits (BTMT) * Direct (including lock box) purchases * Wire order purchases and redemptions * Letter and telephone redemptions * Draft redemptions * Letter and telephone exchanges (as well as auto exchanges via VRU and PC transmissions) * Letter and telephone transfers * Certificate issuances * Certificate deposits * Account fees * Automated Clearing House ("ACH") transactions * Exchanges initiated via Open Order Service 4. Conduct quality control reviews, by a separate dedicated group using statistically reliable samples, of transactions and account maintenance functions before mailing confirmations, checks, and/or share certificates to shareholders. 5. Monitor fiduciary processing to ensure accuracy and proper deduction of fees.