WAIVER/REIMBURSEMENT AGREEMENT

Exhibit 23(d)(7)

WAIVER/REIMBURSEMENT AGREEMENT

WAIVER/REIMBURSEMENT AGREEMENT, dated as of November 16, 2006, between XXXXXXXX LASALLE REAL ESTATE FUND SERIES, INC., a Maryland corporation (the “Series”), on behalf of Xxxxxxxx LaSalle Monthly Dividend Real Estate Fund (the “Fund”), and J. & X. XXXXXXXX & CO. INCORPORATED, a Delaware corporation (the “Manager”). The Manager hereby agrees to waive its management fee and/or reimburse the Fund’s “other expenses” to the extent set forth in the Series’ prospectuses included in the Series’ Registration Statement filed on or about December 29, 2006 with the Securities and Exchange Commission.

J. & X. XXXXXXXX & CO. INCORPORATED						XXXXXXXX LASALLE REAL ESTATE FUND SERIES, INC.
BY:		/s/ Xxxxx X. Xxxx				BY:		/s/ Xxxxxxxx X. Xxxxx
TITLE:		President				TITLE:		Vice President and Treasurer
DATE:		November 16, 2006				DATE:		November 16, 2006