ADDENDUM TO UNDERWRITING AGREEMENT
DATED MAY 16, 1995 BETWEEN
ARIEL DISTRIBUTORS, INC. AND
ARIEL GROWTH FUND d/b/a ARIEL INVESTMENT TRUST
For the services performed and the obligations assumed by Ariel Distributors,
Inc. in respect to Ariel Growth Fund, Ariel Appreciation Fund, Investor Class of
Ariel Premier Bond Fund, and Investor Class of Ariel Premier Growth Fund, Ariel
Distributors, Inc. shall be paid no more often than weekly a distribution
service fee at the annual rate of 0.25% of the respective average daily net
assets of each such series and Class.
Dated October 15, 2001
Ariel Distributors, Inc.
By:_________________________
Its:__________________________
Ariel Growth Fund
By:__________________________
Its:___________________________
