Exhibit 23(d)(iii)
CONTRACTUAL MANAGEMENT FEE WAIVER AND
EXPENSE REIMBURSEMENT AGREEMENT
AGREEMENT made this 1st day of October, 2006 by and between THE GABELLI
MONEY MARKET FUNDS, a Delaware business trust (the "Trust"), and GABELLI FUNDS,
LLC (the "Manager").
With respect to The Gabelli U.S. Treasury Money Market Fund, the sole
series of the Trust (the "Fund"), the Manager hereby agrees to waive management
fees and/or reimburse expenses to the extent necessary to maintain the Fund's
Total Annual Operating Expenses at 0.08% of the average daily net assets of the
Fund.
This Agreement shall be in effect until September 30, 2007 and is
renewable for an additional one-year period upon the written agreement of the
parties hereto.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed as of the day and year first written above.
THE GABELLI MONEY MARKET FUNDS GABELLI FUNDS, LLC
By: /S/ XXXXX X. XXXXXX By: /S/ XXXXX X. XXXXX
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Xxxxx X. Xxxxxx Xxxxx X. XxXxx
