MANAGEMENT FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT

EXHIBIT 99.(d)(xx)

MANAGEMENT FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT

This Management Fee Waiver and Expense Reimbursement Agreement (this “Agreement”) is made and entered into this 1st day of December 2006 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Investment Trust (“Investment Trust”) with respect to the Lord Xxxxxx Balanced Strategy Fund, Lord Xxxxxx Income Strategy Fund, Lord Xxxxxx World Growth & Income Strategy Fund, and Lord Xxxxxx Diversified Equity Strategy Fund (each a “Fund”).

In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

1. Lord Xxxxxx agrees to waive its management fee payable under the Management Agreement between Lord Xxxxxx and Investment Trust with respect to each Fund for the period set forth in paragraph 6 below.

2. With respect to the Lord Xxxxxx Balanced Strategy Fund, Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed an annual rate of (a) ninety-eight basis points (0.98%) for Class A shares of the Fund, (b) one hundred sixty-three basis points (1.63%) for Class B shares of the Fund, (c) one hundred sixty-three basis points (1.63%) for Class C shares of the Fund, (d) one hundred eight basis points (1.08%) for Class P shares of the Fund, and (e) sixty-three basis points (0.63%) for Class Y shares of the Fund of the average daily net assets in the Fund for the time period set forth in paragraph 6 below.

3. With respect to the Lord Xxxxxx Income Strategy Fund, Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed an annual rate of (a) one hundred nineteen basis points (1.19%) for Class A shares of the Fund, (b) one hundred eighty-four basis points (1.84%) for Class B shares of the Fund, (c) one hundred eighty-four basis points (1.84%) for Class C shares of the Fund, (d) one hundred twenty-nine basis points (1.29%) for Class P shares of the Fund, and (e) eighty-four basis points (0.84%) for Class Y shares of the Fund of the average daily net assets in the Fund for the time period set forth in paragraph 6 below.

4. With respect to the Lord Xxxxxx World Growth & Income Strategy Fund, Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed an annual rate of (a) one hundred forty-nine basis points (1.49%) for Class A shares of the Fund, (b) two hundred fourteen basis points (2.14%) for Class B shares of the Fund, (c) two hundred fourteen basis points (2.14%) for Class C shares of the Fund, (d) one hundred fifty-nine basis points (1.59%) for Class P shares of the Fund, and (e) one hundred fourteen basis points (1.14%) for Class Y shares of the Fund of the average daily net assets in the Fund for the time period set forth in paragraph 6 below.

5. With respect to the Lord Xxxxxx Diversified Equity Strategy Fund, Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed an annual rate of (a) one hundred fifty-one basis points (1.51%) for Class A shares of the Fund, (b) two hundred sixteen basis points (2.16%) for Class B shares of the Fund, (c) two hundred sixteen basis points (2.16%) for Class C shares of the Fund, (d) one hundred sixty-one basis points (1.61%) for Class P shares of the Fund, and (e) one hundred sixteen basis points (1.16%) for Class Y shares of the Fund of the average daily net assets in the Fund for the time period set forth in paragraph 6 below.

6. Lord Xxxxxx’x commitments described in paragraphs 1, 2, 3, 4, and 5 will be effective from December 1, 2006 through March 31, 2008.

IN WITNESS WHEREOF, Lord Xxxxxx and Investment Trust have caused this Agreement to be executed by a duly authorized member and officer, respectively, on the day and year first above written.

	LORD XXXXXX INVESTMENT TRUST
	By:	/s/ Xxxxxxxxx X. Xxxxxxx
		Xxxxxxxxx X. Xxxxxxx
		Vice President and Assistant Secretary
	LORD, XXXXXX & CO. LLC
	By:	/s/ Xxxxxxxx X. Xxxxxx
		Xxxxxxxx X. Xxxxxx
		Member and General Counsel

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