AMENDMENT NO. 1 TO
EXHIBIT A
OF THE INVESTMENT MANAGEMENT AGREEMENT
THIS EXHIBIT to the Investment Management Agreement dated April 1, 1999
(the "Agreement") between DELAWARE GROUP FOUNDATION FUNDS and DELAWARE
MANAGEMENT COMPANY, a series of Delaware Management Business Trust, amended as
of the 15th day of April, 1999 to add the Growth Portfolio, lists the Portfolios
for which the Investment Manager provides investment management services
pursuant to the Agreement, along with the management fee rate schedule for each
Portfolio and the date on which the Agreement became effective for each
Portfolio.
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Portfolio Name Effective Date Management Fee Schedule
-------------- -------------- (as a percentage of
average daily net assets
Annual Rate
------------------------
--------------------------------------------------------------------------------
Balanced Portfolio April 1, 1999 0.25%
--------------------------------------------------------------------------------
Growth Portfolio April 15, 1999 0.25%
--------------------------------------------------------------------------------
Income Portfolio April 1, 1999 0.25%
--------------------------------------------------------------------------------
DELAWARE MANAGEMENT DELAWARE GROUP
COMPANY, a series of Delaware FOUNDATION FUNDS
Management Business Trust
By:___________________________ By:______________________________
Name:_________________________ Name:____________________________
Title:________________________ Title:___________________________
Attest:_______________________ Attest:__________________________
Name:_________________________ Name:____________________________
Title:________________________ Title:___________________________
