AMENDMENT TO THE ADVISORS SERIES TRUST FUND ACCOUNTING SERVICING AGREEMENT

AMENDMENT TO THE

THIS AMENDMENT dated as of the 2nd day of June, 2011, to the Fund Accounting Servicing Agreement, dated as of June 8, 2006, as amended (the “Agreement”), is entered into by and between Advisors Series Trust, a Delaware statutory trust (the “Trust”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).

RECITALS

WHEREAS, the parties have entered into a Fund Accounting Servicing Agreement; and

WHEREAS, the parties desire to amend the series of the Trust to add funds; and

WHEREAS, Section 15 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree to amend the exhibits and add the following series of Advisors Series Trust:

Exhibit BB, the SiM Dynamic Allocation Funds, are hereby added and attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.

ADVISORS SERIES TRUST	U.S. BANCORP FUND SERVICES, LLC

By: /s/ Xxxxxxx X. Xxxx	By: /s/ Xxxxxxx X. XxXxx

Printed Name: Xxxxxxx X. Xxxx	Printed Name: Xxxxxxx X. XxXxx

Title: President	Title: Executive Vice President

Exhibit BB to the Advisors Series Trust Fund Accounting Servicing Agreement

Name of Series	Date Added
SiM Dynamic Allocation Diversified Income Fund	On or after June 2, 2011
SiM Dynamic Allocation Balanced Income Fund	On or after June 2, 2011
SiM Dynamic Allocation Equity Income Fund	On or after June 2, 2011

Multiple Series Trust

FUND ACCOUNTING, FUND ADMINISTRATION & PORTFOLIO COMPLIANCE, AND CHIEF

COMPLIANCE OFFICER (CCO) SERVICES FEE SCHEDULE at June, 2011

Annual Fee Based Upon Average Net Assets Per Fund*

[ ] basis points on the first $[ ]

[ ] basis points on the next $[ ]

[ ] basis points on the balance

Minimum annual fee: $[ ] per fund

§ Additional fee of $[ ] for each additional class

§ Additional fee of $[ ] per manager/sub-advisor per fund

Services Included in Annual Fee Per Fund

§ Daily Performance Reporting

§ Advisor Information Source Web Portal

§ USBFS Legal Administration (e.g., registration statement update)

CCO Annual Fees (Per Advisor Relationship/Fund)*

§ $[ ] /fund (subject to change based on Board review and approval)

§ $[ ] / sub-advisor per fund

Out-Of-Pocket Expenses

Including but not limited to pricing services, corporate action services, fair value pricing services, factor services, customized reporting, third-party data provider costs (including GICS, MSCI, etc), postage, stationery, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, conversion expenses (if necessary), and CCO team travel related costs to perform due diligence reviews at advisor or sub-advisor facilities.

Additional Services

Available but not included above are the following services – Daily compliance testing (Xxxxxxx River), Section 15(c) reporting, equity attribution, electronic Board book portal (BookMark), and additional services mutually agreed upon.

*Subject to annual CPI increase, Milwaukee MSA.

Fees are billed monthly.

Advisor’s Signature below acknowledges approval of the fee schedule on this Exhibit BB.

Strategic Income Management, LLC

By: /s/ Xxxxxxx X. Xxxxxx

Printed Name: Xxxxxxx X. Xxxxxx

Title: CEO Date: 6/8/11

Exhibit BB (continued) to the Advisors Series Trust Fund Accounting Servicing Agreement

FUND ACCOUNTING SERVICES

SUPPLEMENTAL SERVICES

FEE SCHEDULE at June, 2011

Pricing Services*

§ $[ ] - Domestic Equities, Options, ADRs

§ $[ ] - Domestic Corporate/Convertible/Gov’t/Agency Bonds, Foreign Equities, Futures, Forwards, Currency Rates

§ $[ ] - CMOs, Municipal Bonds, Money Market Instruments, Foreign Corporate/Convertible/Gov’t/Agency Bonds, Asset Backed Securities, Mortgage Backed Securities

§ $[ ] - Bank Loans

§ $[ ] - Credit Default Swaps

§ $[ ] - Swaptions, Index Swaps

§ $[ ] - Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps

Corporate Action & Manual Pricing Services

§ $[ ] /Foreign Equity Security per Month for Corporate Action Service

§ $[ ] /Domestic Equity Security per Month for Corporate Action Service

§ $[ ] /Month Manual Security Pricing (>[ ]/day)

Fair Value Services (Interactive Data)*

§ $[ ] on the First [ ] Securities

§ $[ ] on the Balance of Securities

* Per security per fund per pricing day.

NOTE: Prices above are based on using IDC as the primary pricing service and are subject to change. Use of alternative and/or additional sources may result in additional fees.