EXHIBIT 23(d)(18)
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AMENDMENT NO. 1 TO MANAGEMENT CONTRACT
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Amendment No. 1 executed as of [effective date of amendment to
Registration Statement], to Management Contract executed as of May 16, 1996 (the
"Management Contract") between THE DLB FUND GROUP, a Massachusetts business
trust (the "Trust"), on behalf of its DLB Disciplined Growth Fund (formerly
known as the DLB Quantitative Equity Fund) (the "Fund"), and XXXXX X. XXXXXX &
COMPANY INC., a Massachusetts corporation (the "Manager").
W I T N E S S E T H:
That the first sentence of Section 3 of the Management Contract is
hereby amended and restated in its entirety to read as follows:
"The Fund will pay to the Manager as compensation for the Manager's
services rendered, for the facilities furnished and for the expenses borne by
the Manager pursuant to Section 1, a fee, computed and paid monthly at the
annual rate of .50% of the Fund's average daily net asset value."
Except as amended hereby, the Management Contract shall remain in full
force and effect and is hereby ratified and confirmed in all respects.
IN WITNESS WHEREOF, THE DLB FUND GROUP and XXXXX X. XXXXXX & COMPANY
INC. have each caused this instrument to be signed in duplicate on its behalf by
its duly authorized representative, all as of the day and year first above
written.
THE DLB FUND GROUP
By __________________________
Xxxxx X. Xxxxxxxxx
President
XXXXX X. XXXXXX & COMPANY INC.
By __________________________
XxXxxx X. Xxxxxx
Treasurer
