Capstone Asset Management Letterhead] December 17, 2007

Exhibit k(5)(a)

[Capstone Asset Management Letterhead]

December 17, 2007

Board of Trustees
Capstone Church Bond Fund
0000 Xxx Xxxxxx, Xxxxx 0000
Xxxxxxx, XX 00000

Re: Expense Limitation Agreement

Dear Sirs:

Pursuant to paragraph 1(c) in the EXPENSE LIMITATION AGREEMENT ("Agreement"), effective as of October 3, 2005 by and between Capstone Asset Management Company ("CAMCO") and Capstone Church Bond Fund, CAMCO agrees to extend the duration of the Operating Expense Limit, as described in the Agreement, to January 28, 2009. This letter shall be attached as an exhibit to the Agreement.

Very truly yours,

CAPSTONE ASSET MANAGEMENT COMPANY

By:	/s/ Xxxxxx X. Xxxxxxx
	Xxxxxx X. Xxxxxxx, President