APPENDIX A AS OF , 2008 TO THE FUND ACCOUNTING AND ADMINISTRATION AGREEMENT

Exhibit (h)(1)(d)

APPENDIX A AS OF                      , 2008

TO THE FUND ACCOUNTING AND ADMINISTRATION AGREEMENT

Forward Asia Ex-Japan Equities Fund⁶

Forward Banking and Finance Fund²

Forward Eastern Europe Equities Fund⁶

Forward Emerging Markets Fund¹

Forward Growth Fund²

Forward HITR Fund

Forward International Equity Fund¹

Forward International Fixed Income Fund⁵

Forward International Small Companies Fund¹

Forward Large Cap Equity Fund³

Forward Legato Fund¹

Forward Long/Short Credit Analysis Fund⁴

Forward Mini-Cap Fund¹

Forward Progressive Real Estate Fund¹

Forward Small Cap Equity Fund¹

Sierra Club Stock Fund¹

¹ This Agreement applies to these Funds as of March 1, 2006

² This Agreement applies to these Funds as of September 12, 2005

³ This Agreement applies to this Fund as of September 8, 2006

⁴ This Agreement applies to this Fund as of December 7, 2006

⁵ This Agreement applies to this Fund as of September 11, 2007

⁶ This Agreement applies to this Fund as of November 13, 2007