[Old Mutual Funds I Letterhead]
October 27, 2009
Old Mutual Capital, Inc.
0000 Xxxxx Xxxxxx Xxxxxx
Attention: President
Re: Old Mutual Analytic Global Fund
To whom it may concern:
Pursuant to Section 9 of the Investment Advisory Agreement, dated March 1,
2006, (the "Advisory Agreement"), among Old Mutual Funds I ("OMFI") and Old
Mutual Capital, Inc., OMF I hereby notifies you of its intent to terminate the
Advisory Agreement with respect to the Old Mutual Analytic Global Fund,
effective as of the close of business on November 9, 2009, in connection with
the liquidation of the Fund.
Very truly yours,
Old Mutual Funds I
/s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
President
