Exhibit H12
AMENDMENT,
DATED MAY 23, 2005,
TO THE
ACCOUNTING SERVICES AGREEMENT
BETWEEN RYDEX SERIES FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED SEPTEMBER 25, 1996,
AS AMENDED
AMENDMENT TO
ACCOUNTING SERVICES AGREEMENT
BETWEEN
RYDEX SERIES FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment, which supercedes all previous amendments, is made to
the Accounting Services Agreement between the Trust and the Servicer, and is
hereby incorporated into and made a part of the Accounting Services Agreement:
The fourth paragraph under the section "Witnesseth" of the
Accounting Services Agreement is amended, effective May 23, 2005, to read
as follows:
WHEREAS, the board of trustees of the trust, pursuant to Article IV,
Section 4.01(o), "Board of Trustees; Powers," of the Trust Declaration,
have created the following series of shares of the Trust: The U.S.
Government Bond Fund, The U.S. Government Money Market Fund, The Nova
Fund, The Ursa Fund, The OTC Fund, The Arktos Fund, The Juno Fund, The
Nova Master Fund, The Ursa Master Fund, The OTC Master Fund, The Arktos
Master Fund, The Juno Master Fund, The Medius Master Fund, The Large-Cap
Europe Fund, The Large-Cap Japan Fund, The Mekros Fund, The Medius Fund,
The Large-Cap Value Fund, The Large-Cap Growth Fund, The Mid-Cap Value
Fund, The Mid-Cap Growth Fund, The Inverse Mid-Cap Fund, The Small-Cap
Value Fund, The Small-Cap Growth Fund, The Inverse Small-Cap Fund, THE
STRENGTHENING DOLLAR FUND, THE WEAKENING DOLLAR FUND, The Banking Fund,
The Basic Materials Fund, The Biotechnology Fund, THE COMMODITIES FUNDS,
The Consumer Products Fund, The Electronics Fund, The Energy Fund, The
Energy Services Fund, The Financial Services Fund, The Health Care Fund,
The Internet Fund, The Leisure Fund, The Precious Metals Fund, The Real
Estate Fund, The Retailing Fund, The Technology Fund, The
Telecommunications Fund, and The Transportation Fund, The Utilities Fund,
The Utilities Master Fund, The Sector Rotation Fund, the Core Equity Fund,
THE MODERN MARKETS MULTI-STRATEGY FUND, THE MODERN MARKETS MARKET NEUTRAL
FUND AND THE MODERN MARKETS LONG/SHORT FUND. (collectively, the "Rydex
Funds");
ADDITIONS and [DELETIONS] are noted in BOLD.
In witness whereof, the parties hereto have caused this Amendment to be
executed in their names and on their behalf and through their duly-authorized
officers as of the 23rd day of May, 2005.
RYDEX SERIES FUNDS
/S/ XXXX X. XXXXXXXXXXX
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By: Xxxx X. Xxxxxxxxxxx
Title: President
RYDEX FUND SERVICES, INC.
/S/ XXXX X. XXXXXXXXXXX
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By: Xxxx X. Xxxxxxxxxxx
Title: President
