AMENDMENT NO. 2 TO
EXHIBIT A
OF THE INVESTMENT MANAGEMENT AGREEMENT
THIS EXHIBIT to the Investment Management Agreement dated April 1, 1999
(the "Agreement") between DELAWARE GROUP FOUNDATION FUNDS and DELAWARE
MANAGEMENT COMPANY, a series of Delaware Management Business Trust, amended as
of the 27th day of December 1999 to add the Delaware S&P 500 Index Fund, lists
the Portfolios for which the Investment Manager provides investment management
services pursuant to the Agreement, along with the management fee rate schedule
for each Portfolio and the date on which the Agreement became effective for each
Portfolio.
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Portfolio Name Effective Date Management Fee Schedule
(as a percentage of
average daily net assets
Annual Rate
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Delaware Balanced Portfolio April 1, 1999 0.25%
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Delaware Growth Portfolio April 15, 1999 0.25%
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Delaware Income Portfolio April 1, 1999 0.25%
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Delaware S&P 500 Index Fund December 27, 1999 0.07%
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DELAWARE MANAGEMENT DELAWARE GROUP
COMPANY, a series of Delaware FOUNDATION FUNDS
Management Business Trust
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx
Title: President Title: President and Chief
Executive Officer
Attest: /s/ Xxxxx X. X'Xxxxxx Attest: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxx X. X'Xxxxxx Name: Xxxxxxx X. Xxxxx
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Title: Vice President/ Title: Vice President/
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Assistant Secretary/ Assistant Secretary/
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Associate General Counsel Associate General Counsel
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