Second Amendment to the Fund Accounting and Services Agreement Dated December 3, 2004 by and among California Investment Trust and ALPS Fund Services, Inc.

Second Amendment

to the Fund Accounting and Services Agreement

Dated December 3, 2004 by and among

California Investment Trust and

ALPS Fund Services, Inc.

THIS AMENDMENT is made as of May 6, 2010, by and between California Investment Trust (the "Trust") and ALPS Fund Services, Inc. ("ALPS"),

WHEREAS, the Trust and ALPS have entered into a Fund Accounting and Services Agreement (the "Agreement") dated December 3, 2004;

WHEREAS, effective May 6, 2010, Class A and Class B will be added to the Equity Income Fund and the U.S. Government Securities Fund, each a series of the Trust;

WHEREAS, the Trust and ALPS wish to modify the Agreement to reflect the additions of the share classes.

NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:

1. Appendix A- CIT Fund List. Appendix A is replaced in its entirety with the attached Appendix A.

2. Remainder of the Agreement. All other provisions of the Agreement shall remain unchanged.

IN WITNESS WHEREOF, this Amendment has been executed by a duly authorized representative of each of the parties hereto as of the date of the Amendment first set forth above.

California Investment Trust /s/ Xxxxxxx X. Xxxxxx
Name: Xxxxxxx X. Xxxxxx Title: President,CEO ALPS Fund Services, Inc.   By: /s/ Xxxxxx X. May Name Xxxxxx X. May Title: President

APPENDIX A Fund List

CIT Fund List

Dated as of May 6, 2010

CALIFORNIA TAX-FREE INCOME FUND

Investor Class

CALIFORNIA INSURED INTERMEDIATE FUND

Investor Class

CALIFORNIA TAX-FREE MONEY MARKET FUND

Investor Class

S&P 500 INDEX FUND

Investor Class

Class K

S&P MIDCAP INDEX FUND

Investor Class

Class K

S&P SMALLCAP INDEX FUND

Investor Class

Class K

EQUITY INCOME FUND

Investor Class

Class K

Class A

Class B

NASDAQ-100 INDEX FUND

Investor Class

Class K

EUROPEAN GROWTH & INCOME FUND

Investor Class

Class K

U.S. GOVERNMENT SECURITIES FUND

Investor Class

Class K

Class A

Class B

SHORT-TERM U.S. GOVT BOND FUND

Investor Class

Class K

THE UN1TED STATES TREASURY TRUST

Investor Class

Class K