AMENDMENT TO THE DIREXION FUNDS FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE DIREXION FUNDS
THIS
AMENDMENT, dated as of the 1st
day of May, 2007,
to the Fund Accounting Servicing Agreement dated as of March 3, 2006, as
amended, (the “Fund Accounting Agreement”) is entered by and between
Direxion Funds, a Massachusetts business trust (the “Trust”)
and U.S. Bancorp Fund Services, LLC, a Wisconsin limited
liability company (“USBFS”).
RECITALS
WHEREAS,
the parties
have entered into a Fund Accounting Agreement; and
WHEREAS,
the Trust and USBFS desire to amend the fees of the Fund Accounting Agreement;
and
WHEREAS,Section
15 of the Fund
Accounting Agreement allows for its amendment by a written instrument executed
by both parties.
NOW,
THEREFORE, the
parties agree as follows:
Exhibit
B
of the Fund Accounting Agreement is hereby superseded and replaced with Exhibit
B attached hereto.
Except
to
the extent amended hereby, the Fund Accounting Agreement shall remain in
full
force and effect.
IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by
a duly authorized officer on one or more counterparts as of the day and year
first written above.
| DIREXION FUNDS | U.S. BANCORP FUND SERVICES, LLC |
| By: /s/ Xxxx Xxxxxxxxx | By: /s/ Xxxxxx Xxxxxxxxx |
| Name: Xxxx Xxxxxxxxx | Name: Xxxxxx Xxxxxxxxx |
| Title: Chief Financial Officer | Title: S. V. P. |
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