SCHEDULE B
SHAREHOLDER SERVICES AGREEMENT
COMPENSATION SCHEDULE
EFFECTIVE MAY 19, 2005
DELAWARE INVESTMENTS FAMILY OF FUNDS
1. Delaware Service Company, Inc. ("DSC") will determine and report to the
Fund, at least annually, the compensation for services to be provided to the
Fund for DSC's forthcoming fiscal year or period.
2. In determining such compensation, DSC will fix and report a fee to be
charged per account for services provided. DSC will bill, and the Fund will
pay, such compensation monthly.
3. Except as otherwise provided in paragraphs 4 and 5, the charge consists of
an annual per account charge of $23.10 per annum for each open and closed
account on DSC's records and each account held on a sub-accounting system
maintained by firms that hold accounts on an omnibus basis.
These charges will be assessed monthly on a pro rata basis and will be
determined using the number of accounts maintained as of the last calendar
day of each month.
DSC is the Fund's operational interface with a variety of third party
administrators, banks, trust companies and other organizations that provide
retirement administration, trust or other collective services to the Fund's
shareholders. Subtransfer agency fees (or similar fees) related to such
relationships on a retirement processing system will be passed on to the
Fund at cost, without markup.
4. DSC's compensation for providing services to the Series of Delaware VIP
Trust (the "VIP Trust") will be 0.01% of average daily net assets per Series
annually. DSC will bill, and the VIP Trust will pay, such compensation
monthly. In addition, in the conduct of the business of DSC and the VIP
Trust and in performance of this Agreement, each party will bear its
allocable portion of expenses common to each. In addition, DSC shall be
entitled to reimbursement of out-of-pocket expenses paid on behalf of VIP
Trust.
5. DSC's compensation for providing services to the Portfolios of Delaware
Pooled Trust (the "DPT Trust") (other than The Real Estate Investment Trust
Portfolio) will be 0.01% of average daily net assets per Portfolio annually.
DSC will bill, and the DPT Trust will pay, such compensation monthly. In
addition, in the conduct of the business of DSC and the DPT Trust and in
performance of this Agreement, each party will bear its allocable portion of
expenses common to each. In addition, DSC shall be entitled to reimbursement
of out-of-pocket expenses paid on behalf of DPT Trust. Notwithstanding
anything in this paragraph to the contrary, DSC's compensation for The Real
Estate Investment Trust Portfolio will be as set forth in paragraph 3 above.
AGREED AND ACCEPTED:
DELAWARE SERVICE COMPANY, INC. DELAWARE GROUP EQUITY FUNDS III
for its series set forth in
Schedule A to this Agreement
By: Xxxxxxx X. Xxxxxxxx By: Xxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx
Title: Senior Vice President/Operations Title: Chairman/President/
Chief Executive Officer
