AMENDMENT
DATED NOVEMBER 15, 2007
TO THE
ACCOUNTING SERVICES AGREEMENT
BETWEEN
RYDEX SERIES FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED SEPTEMBER 25, 1996,
AS AMENDED
AMENDMENT
DATED NOVEMBER 15, 2007
TO THE
ACCOUNTING SERVICES AGREEMENT
DATED SEPTEMBER 25, 1996, AS AMENDED,
BETWEEN
RYDEX SERIES FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment, which supercedes all previous amendments, is made to
the Accounting Services Agreement between Rydex Series Funds (the "Trust") and
Rydex Fund Services, Inc. (the "Servicer"), dated September 25, 1996, as amended
to date (the "Agreement"), and is hereby incorporated into and made a part of
the Agreement:
The fourth paragraph under the section "Witnesseth" of the
Agreement is amended, effective November 15, 2007, to read as follows:
WHEREAS, the board of trustees of the trust, pursuant to
Article IV, Section 4.01(o), "Board of Trustees; Powers," of the Trust
Declaration, have created the following series of shares of the Trust:
Government Long Bond 1.2x Strategy Fund, U.S. Government Money Market
Fund, Nova Fund, Inverse S&P 500 Strategy Fund, OTC Fund, Inverse OTC
Strategy Fund, Inverse Government Long Bond Strategy Fund, Nova Master
Fund, Inverse S&P 500 Strategy Master Fund, Inverse OTC Strategy
Master Fund, Inverse Government Long Bond Strategy Master Fund, Europe
1.25x Strategy Fund, Japan 1.25x Xxxxxxxx Xxxx, Xxxxxxx 0000 1.5x
Strategy Fund, Mid-Cap 1.5x Strategy Fund, Large-Cap Value Fund,
Large-Cap Growth Fund, Mid-Cap Value Fund, Mid-Cap Growth Fund,
Inverse Mid-Cap Strategy Fund, Small-Cap Value Fund, Small-Cap Growth
Fund, Inverse Xxxxxxx 2000 Strategy Fund, Strengthening Dollar 2x
Strategy Fund, Weakening Dollar 2x Strategy Fund, Banking Fund, Basic
Materials Fund, Biotechnology Fund, Commodities Strategy Fund,
Consumer Products Fund, Electronics Fund, Energy Fund, Energy Services
Fund, Financial Services Fund, Health Care Fund, Internet Fund,
Leisure Fund, Precious Metals Fund, Real Estate Fund, Retailing Fund,
Technology Fund, Telecommunications Fund, Transportation Fund,
Utilities Fund, Sector Rotation Fund, Multi-Cap Core Equity Fund,
Absolute Return Strategies Fund, Market Neutral Fund, Hedged Equity
Fund, S&P 500 Fund, Xxxxxxx 2000 Fund, Essential Portfolio Moderate
Fund, Essential Portoflio Conservative Fund, Essential Portfolio
Aggressive Fund, Managed Futures Strategy Fund, High Yield Strategy
Fund, Inverse High Yield Strategy Fund, International Rotation Fund,
INTERNATIONAL 2X STRATEGY FUND, INVERSE INTERNATIONAL 2X STRATEGY FUND
AND PACIFIC 2X STRATEGY FUND (collectively, the "Rydex Funds").
ADDITIONS ARE NOTED IN BOLD.
In witness whereof, the parties hereto have caused this Amendment to be
executed in their names and on their behalf and through their duly-authorized
officers as of the 15th day of November, 2007.
RYDEX SERIES FUNDS
By: /S/ XXXX X. XXXXXXXXXXX
-----------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
RYDEX SERIES FUNDS
By: /S/ XXXX X. XXXXXXXXXXX
-----------------------
Name: Xxxx X. Xxxxxxxxxxx
Title: President
