WAIVER/REIMBURSEMENT AGREEMENT

Exhibit (d)(2)

WAIVER/REIMBURSEMENT AGREEMENT

WAIVER/REIMBURSEMENT AGREEMENT, dated as of February 1, 2007, between XXXXXXXX CORE FIXED INCOME FUND, INC., a Maryland corporation (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 Fund’s prospectuses included in the Fund’s Registration Statement, dated February 1, 2007.

J. & X. XXXXXXXX & CO. INCORPORATED				XXXXXXXX CORE FIXED INCOME FUND, INC.
BY:                                                                                                  TITLE:                                                                                           DATE:				BY:                                                                                                  TITLE:                                                                                           DATE: