LETTER AGREEMENT

Exhibit (e) 1.4

LETTER AGREEMENT

Xxxxxxx Financial Services, Inc.

000 X Xxxxxx

Tacoma, WA 98402

Re: Distribution Agreement

Pursuant to Introductory Section 1 of the Amended and Restated Distribution Agreement between Xxxxxxx Investment Company (“RIC”) and Xxxxxxx Financial Services, Inc. (“RFS”), dated April 21, 2009, XXX advises you that it is creating two new funds to be named the Xxxxxxx Global Infrastructure Fund and Xxxxxxx Global Bond Fund (the “New Funds”). RIC desires RFS to serve as Distributor with respect to the Shares of the New Funds pursuant to the terms and conditions of the Amended and Restated Distribution Agreement. The fees to be charged the New Funds 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 Funds by executing this letter agreement and returning it to the undersigned.

Sincerely,

XXXXXXX INVESTMENT COMPANY
By:		/s/ Xxxx X. Xxxxxxx
		Xxxx X. Xxxxxxx
		Treasurer

Accepted this 23rd day of March 2010.

XXXXXXX FINANCIAL SERVICES, INC.
By:		/s/ Xxxxxx Xxxxxxxxx
		Xxxxxx Xxxxxxxxx
		President