Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103

EX-99.e.1.ii

Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000

February 27, 2012

Delaware Group Equity Funds I
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000

     Re: Expense Limitations

Ladies and Gentlemen:

By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Delaware Distributors, L.P. (the “Distributor”), agrees that in order to improve the performance of Delaware Mid Cap Value Fund (the “Fund”), a series of Delaware Group Equity Funds I, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for the Fund’s Class A and Class R shares, so that the Fund’s Rule 12b-1 (distribution) fees with respect to its Class A and Class R shares will not exceed 0.25% and 0.50% of its average daily net assets for the period February 28, 2012 through February 28, 2013.

The Distributor acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.

	Delaware Distributors, L.P.
	By:	/s/X. Xxxxx Xxxxxxx
		Name: X. Xxxxx Xxxxxxx
		Title: Executive Vice President

Your signature below acknowledges
acceptance of this Agreement:

Delaware Group Equity Funds I

By:	/s/Xxxxxxx X. Xxxxx
	Name: Xxxxxxx X. Xxxxx
	Title: President
	Date: February 27, 2012