AMENDMENT TO CUSTODY AGREEMENT

AMENDMENT TO CUSTODY AGREEMENT

THIS AMENDMENT dated March 27, 2009 to the Custody Agreement dated November 1, 2007 (the “Agreement”), by and between The Bank of New York Mellon (formerly known as The Bank of New York) and Old Mutual Funds II, shall be as follows:

WHEREAS, effective after the close of business on April 25, 2008, Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Large Cap Fund were reclassified as Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Focused Fund, respectively;

WHEREAS, effective after the close of business on April 25, 2008, Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Large Cap Growth Fund were reclassified as Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Large Cap Growth Concentrated Fund, respectively;

WHEREAS, effective after the close of business on March 27, 2009, Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Small Cap Fund were reclassified as Class A, Class C, Class Z and Institutional Class shares of the Old Mutual TS&W Small Cap Value Fund, respectively;

WHEREAS, effective after the close of business on March 27, 2009, Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Mid-Cap Fund were reclassified as Class A, Class C, Class Z and Institutional Class shares of the Old Mutual TS&W Mid-Cap Value Fund, respectively;

WHEREAS, effective after the close of business on March 27, 2009, Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Developing Growth Fund were reclassified as Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Strategic Small Company Fund, respectively;

WHEREAS, effective after the close of business on March 27, 2009, Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Select Growth Fund were reclassified as Class A, Class C, Class Z and Institutional Class shares of the Old Mutual Large Cap Growth Fund, respectively; and

WHEREAS, effective April 29, 2008, the Old Mutual Large Cap Growth Concentrated Fund was renamed Old Mutual Large Cap Growth Fund.

NOW THEREFORE, the parties agree as follows:

1.   Schedule II to the Agreement shall be replaced with the Amended Schedule II attached hereto.

2.   Except as expressly amended and provided herein, all of the terms, conditions and provisions of the Agreement shall continue in full force and effect.

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.

OLD MUTUAL FUNDS II			THE BANK OF NEW YORK MELLON
By:	/s/ Xxxxxx X. Xxxxx		By:	/s/ Xxxxxx X. Xxxxxx
Name:	Xxxxxx X. Xxxxx		Name:	Xxxxxx X. Xxxxxx
Title:	Treasurer		Title:	Managing Director

AMENDED SCHEDULE II

DATED MARCH 27, 2009

TO THE CUSTODY AGREEMENT

BETWEEN OLD MUTUAL FUNDS II AND THE BANK OF NEW YORK MELLON

DATED NOVEMBER 1, 2007

SERIES

Effective November 5, 2007 for the following Funds:

FUND	TAX IDENTIFICATION NUMBER
Old Mutual Advantage Growth Fund	00-0000000
Old Mutual Analytic U.S. Long/Short Fund	00-0000000
Old Mutual Barrow Hanley Core Bond Fund	00-0000000
Old Mutual Barrow Hanley Value Fund	00-0000000
Old Mutual Discover Value Fund	00-0000000
Old Mutual Xxxxxx High Yield Fund	00-0000000
Old Mutual Xxxxxx Intermediate Fixed Income Fund	00-0000000
Old Mutual Focused Fund	00-0000000
Old Mutual Xxxxxxx REIT Fund	00-0000000
Old Mutual TS&W Mid-Cap Value Fund	00-0000000

Effective December 10, 2007 for the following Funds:

FUND	TAX IDENTIFICATION NUMBER
Old Mutual Cash Reserves Fund	00-0000000
Old Mutual Columbus Circle Technology and Communications Fund	00-0000000
Old Mutual Xxxxxx Xxxxx Term Fixed Income Fund	00-0000000
Old Mutual Growth Fund	00-0000000
Old Mutual Large Cap Growth Fund (formerly known as the Old Mutual Large Cap Growth Concentrated Fund)	00-0000000
Old Mutual Strategic Small Company Fund	00-0000000
Old Mutual TS&W Small Cap Value Fund	00-0000000