AMENDMENT TO THE AGENCY AGREEMENT DATED JANUARY 1, 1998 BETWEEN DST SYSTEMS, INC. AND OLD MUTUAL ADVISOR FUNDS II

AMENDMENT TO THE AGENCY AGREEMENT

DATED JANUARY 1, 1998 BETWEEN DST SYSTEMS, INC. AND

OLD MUTUAL ADVISOR FUNDS II

THIS AMENDMENT dated November 19, 2007 to the Agency Agreement dated January 1, 1998, as amended (the “Agency Agreement”), by and between DST Systems, Inc. (“DST”) and Old Mutual Advisor Funds II (“OMAF II”), shall be as follows:

WHEREAS, effective November 19, 2007, the registration of four new series of OMAF II became effective; and

WHEREAS, the new series are known as the Old Mutual Advantage Growth Fund, the Old Mutual Barrow Hanley Core Bond Fund, the Old Mutual Xxxxxx High Yield Fund, and the Old Mutual Discover Value Fund, as indicated on Exhibit A, attached hereto; and

WHEREAS, effective November 19, 2007, the name of the Old Mutual Emerging Growth Fund has changed to the Old Mutual Developing Growth Fund.

WHEREAS, the parties wish to amend Exhibit A to the Agency Agreement to allow for the provision of services by DST to the Old Mutual Advantage Growth Fund, the Old Mutual Barrow Hanley Core Bond Fund, the Old Mutual Xxxxxx High Yield Fund, and the Old Mutual Discover Value Fund, and to allow for the name change of the Old Mutual Emerging Growth Fund to Old Mutual Developing Growth Fund.

NOW, THEREFORE, the parties agree as follows:

1.         Exhibit A to the Agency Agreement shall be replaced with the Exhibit A attached hereto.

IN WITNESS WHEREOF, the parties have caused this amendment to be executed by their respective duly authorized officers, to be effective as of the day and year first written above.

DST SYSTEMS, INC.

By:	/s/Xxxxxx X. Xxxxxxx
Name:	Xxxxxx X. Xxxxxxx
Title:	Vice President

OLD MUTUAL ADVISOR FUNDS II

By:	/s/ Xxxxxx X. Xxxxx
Name:	Xxxxxx X. Xxxxx
Title:	Treasurer

EXHIBIT A TO AGENCY AGREEMENT

DATED JANUARY 1, 1998, AS AMENDED, BETWEEN

DST SYSTEMS, INC. AND OLD MUTUAL ADVISOR FUNDS II

AS AMENDED NOVEMBER 19, 2007

FUND NAME	TYPE OF ORGANIZATION	OPEN/CLOSED	STATE OF ORGANIZATION	TAXPAYER I.D. NUMBER
Old Mutual Analytic U.S. Long/Short Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Advantage Growth Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Barrow Hanley Core Bond Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Barrow Hanley Value Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Columbus Circle Technology and Communications Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Developing Growth Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Discover Value Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Xxxxxx High Yield Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Focused Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Growth Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Xxxxxxx REIT Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Large Cap Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Large Cap Growth Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Large Cap Growth Concentrated Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Mid-Cap Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Select Growth Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Small Cap Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Strategic Small Company Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual TS&W Mid-Cap Value Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual TS&W Small Cap Value Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Cash Reserves Fund	Business Trust	Open	Delaware	00-0000000

Old Mutual Xxxxxx Intermediate Fixed Income Fund	Business Trust	Open	Delaware	00-0000000
Old Mutual Xxxxxx Xxxxx Term Fixed Income Fund	Business Trust	Open	Delaware	00-0000000