LETTER AGREEMENT

Exhibit (e) 1.12

LETTER AGREEMENT

Xxxxxxx Fund Distributors, Inc.

000 X Xxxxxx

Xxxxxx, XX 00000

Dear Sirs:

Pursuant to Introductory Section 1 of the Distribution Agreement between Xxxxxxx Investment Company (“RIC”) and Xxxxxxx Fund Distributors, Inc., dated January 1, 1999, RIC advises you that it is (i) creating one new Fund to be named the Global Equity Fund (the “New Fund”) and (ii) creating Class A Shares, Class C Shares, Class E Shares and Class S Shares of the New Fund (each, a “Class”). RIC desires Xxxxxxx Fund Distributors, Inc. to serve as Distributor with respect to each Class of the New Fund pursuant to the terms and conditions of the Distribution Agreement. The fees to be charged the Fund in return for the Distributor’s services are the same as in the Distribution Agreement.

Please indicate your acceptance to act as Distributor with respect to each Class of the New Fund by executing the acceptance copy of this letter agreement and returning it to the undersigned.

Sincerely,

XXXXXXX INVESTMENT COMPANY

By:

Xxxx X. Xxxxxxx

Treasurer

Accepted this      day of                      2007

XXXXXXX FUND DISTRIBUTORS, INC.

By:

Xxxx X. Xxxxx

President