WAIVER/REIMBURSEMENT AGREEMENT

Exhibit 23(d)(8)

WAIVER/REIMBURSEMENT AGREEMENT

THIS WAIVER/REIMBURSEMENT AGREEMENT, dated as of May 1, 2008, is between XXXXXXXX PORTFOLIOS, INC., a Maryland corporation (the “Fund”), on behalf of Xxxxxxxx International Growth Portfolio (the “Portfolio”), and J. & X. XXXXXXXX & CO. INCORPORATED, a Delaware corporation (the “Manager”). The Manager hereby agrees to waive its management fee and/or reimburse the Portfolio’s “other expenses” to the extent set forth in the Fund’s prospectuses included in the Fund’s Registration Statement filed on or about April 29, 2008 with the Securities and Exchange Commission.

J. & X. XXXXXXXX & CO. INCORPORATED						XXXXXXXX PORTFOLIOS, INC.
BY:		/s/ Xxxxx X. Xxxx				BY:		/s/ Xxxxxxxx X. Xxxxx
		Xxxxx X. Xxxx						Xxxxxxxx X. Xxxxx
TITLE:		President				TITLE:		Vice President & Treasurer
DATE:		April 28, 2008				DATE:		April 28, 2008