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

EX-99.e.1.iii

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

April 27, 2012

Delaware VIP Trust
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 the series of Delaware VIP Trust set forth below (each a “Series”), the Distributor shall waive a portion of the Service Class Rule 12b-1 (distribution) fees applicable to each Series set forth below, so that such Series’ Rule 12b-1 (distribution) fees with respect to the Service Class will not exceed the percentages set forth below for the period April 30, 2012 through April 30, 2013.

Fund		Class		12b-1 Cap
Delaware VIP Diversified Income Series		Service		0.25%
Delaware VIP Emerging Markets Series		Service		0.25%
Delaware VIP High-Yield Series		Service		0.25%
Delaware VIP International Value Equity Series		Service		0.25%
Delaware VIP Limited-Term Diversified Income Series		Service		0.25%
Delaware VIP REIT Series		Service		0.25%
Delaware VIP Small Cap Value Series		Service		0.25%
Delaware VIP Xxxx Cap Growth Series		Service		0.25%
Delaware VIP U.S. Growth Series		Service		0.25%
Delaware VIP Value Series		Service		0.25%

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: President

Your signature below acknowledges
acceptance of this Agreement:

Delaware VIP Trust
By:	/s/Xxxxxxx X. Xxxxx
	Name: Xxxxxxx X. Xxxxx
	Title: President
	Date: April 27, 2012