REVISED EXHIBIT A

Exhibit (h)(2)(c)

REVISED EXHIBIT A

THIS REVISED EXHIBIT A, dated as of April 1, 2005 is the Revised Exhibit A to the Amended and Restated Administration Agreement dated February 1, 2003 between PFPC Inc. and Forward Funds, Inc. (the “Fund”). The following is the list of the Fund’s Portfolios that are subject to the Agreement:

PORTFOLIOS

Forward Xxxxxx Small Cap Equity Fund

Forward Xxxxxx Mini-Cap Fund

Forward Uniplan Real Estate Investment Fund

Forward Xxxxxxxxxx International Growth Fund

Forward International Small Companies Fund

Forward Global Emerging Markets Fund

Forward Legato Fund

Sierra Club Stock Fund

Sierra Club Equity Income Fund

PFPC INC.
By:		/s/    XXXXXX XXXXXXX
Title:		Senior Vice President

FORWARD FUNDS, INC.
By:		/s/    XXXXXX X. XXXXX
Title:		Treasurer