AMENDMENT NO. 1 DATED MAY 11, 2005 TO SCHEDULE A OF THE ADMINISTRATIVE
SERVICES AGREEMENT DATED SEPTEMBER 7, 2004
This Schedule A to the Administrative Services Agreement dated September 7, 2004
(the "Agreement") between Old Mutual Advisor Funds and Old Mutual Fund Services,
is hereby amended as of the 11th day of May, 2005 to add the Old Mutual Copper
Rock Emerging Growth Fund and Old Mutual Analytic Defensive Equity Fund (the
"New Portfolios") to the Agreement. The New Portfolios shall pay the fees set
forth in Section 3 of the Agreement.
Old Mutual Advisor Funds consists of the following Funds, each of which
is subject to this Agreement:
Old Mutual Asset Allocation Conservative Portfolio
Old Mutual Asset Allocation Balanced Portfolio
Old Mutual Asset Allocation Moderate Growth Portfolio
Old Mutual Asset Allocation Growth Portfolio
Old Mutual Copper Rock Emerging Growth Fund
Old Mutual Analytic Defensive Equity Fund
Old Mutual Advisor Funds Old Mutual Fund Services
By:_________________________ By:_________________________
Name: ______________________ Name: ______________________
Title:________________________ Title:______________________
