AMENDMENT NO. 1 TO EXHIBIT A OF THE INVESTMENT MANAGEMENT AGREEMENT

EX-99.d.2

AMENDMENT NO. 1 TO

EXHIBIT A

OF THE INVESTMENT MANAGEMENT AGREEMENT

THIS AMENDMENT to the Exhibit A to the Investment Management Agreement dated September 24, 2004 (the “Agreement”) between DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS and DELAWARE MANAGEMENT COMPANY, a series of Delaware Management Business Trust (the “Investment Manager”), amended as of the 30th day of March, 2006 lists the Funds for which the Investment Manager provides investment management services pursuant to this Agreement, along with the management fee rate schedule for each Fund.  This Amendment supersedes all previous amendments to Exhibit A to the Investment Management Agreement.

Fund Name		Effective Date		Management Fee Schedule (as a percentage of average daily net assets) Annual Rate
Delaware Emerging Markets Fund		September 24, 2004		1.25% on the first $500 million; 1.20% on the next $500 million; 1.15% on the next $1,500 million; and 1.10% on assets in excess of $2,500 million
Delaware Global Value Fund		March 30, 2006		0.85% on the first $500 million; 0.80% on the next $500 million; 0.75% on the next $1,500 million; and 0.70% on assets in excess of $2,500 million
Delaware International Value Equity Fund		September 24, 2004		0.85% on the first $500 million; 0.80% on the next $500 million; 0.75% on the next $1,500 million; and 0.70% on assets in excess of $2,500 million

DELAWARE MANAGEMENT COMPANY,

DELAWARE GROUP GLOBAL &

a series of Delaware Management Business Trust

INTERNATIONAL FUNDS

By:

/s/

Xxxx X. Xxxxxxxx

By:

/s/

Xxxx X. Xxxxxxxx

Name:

Xxxx X. Xxxxxxxx

Name:

Xxxx X. Xxxxxxxx

Title:

President/Chief Executive Officer

Title:

President

Attest:

/s/ Xxxxxxx X. Xxxxxxxx

Attest:

/s/ Xxxxxxx X. Xxxxxxxx

Name:

Xxxxxxx X. Xxxxxxxx

Name:

Xxxxxxx X. Xxxxxxxx

Title:

Vice President/Associate General/

Title:

Vice President/Associate General/

Assistant Secretary

Assistant Secretary