Expense Limitation Agreement — Amendment dated July 1, 2009

Exhibit 23(h)(3)(a)

Expense Limitation Agreement — Amendment dated July 1, 2009

AMENDMENT TO THE
EXPENSE LIMITATION AGREEMENT

          THIS AMENDMENT is made as of July 1, 2009 to the Expense Limitation Agreement dated as of March 1, 2005, as amended and restated as of November 3, 2005, between Transamerica Asset Management, Inc. (“TAM”) and Transamerica Funds (the “Company”) on behalf of each of its series set forth in the amended Schedules A and B dated March 1, 2009 (the “Agreement”). In consideration of the mutual covenants contained herein, the parties agree as follows:

	1.		Name Change of the Trust: Any reference to Transamerica IDEX Mutual Funds will now be revised to mean Transamerica Funds, effective March 1, 2008.
	2.		Transamerica Money Market. Effective as of December 24, 2008, the Agreement is hereby revised by adding Section 5 as follows:

5. Voluntary Expense Limitation and Reimbursement.

5.1. Notwithstanding any other provision of this Agreement, the Investment Manager (or its affiliates) may voluntarily waive fees and/or reimburse expenses of one or more classes of Transamerica Money Market (the “Money Market Fund”) to such level(s) as the Company’s officers may reasonably determine. Any such waiver or expense reimbursement may be discontinued by the Investment Manager at any time. The Investment Manager shall be entitled to recapture any amounts so waived or reimbursed upon the Money Market Fund attaining such yield as the Company’s officers reasonably determine.

5.2 Once the Money Market Fund has maintained a daily positive yield for a reasonable amount of time, as determined by the Investment Manager, the Investment Manager shall be entitled to reimbursement by the Money Market Fund of the fees waived and/or expenses reimbursed by the Investment Manager or any of its affiliates to the Money Market Fund pursuant to Section 5.1 of the Agreement during any of the previous thirty-six (36) months beginning with the effective date of this Amendment. Any such reimbursement shall not result in the Money Market Fund’s effective daily yield to be negative.

3. Schedule A and Schedule B. Schedule A and Schedule B of the Agreement are hereby revised as attached.

          In all other respects, the Expense Limitation Agreement dated as of March 1, 2005, as amended and restated as of November 3, 2005, is confirmed and remains in full force and effect. The parties hereto have caused this amendment to be executed as of July 1, 2009.

		TRANSAMERICA ASSET MANAGEMENT, INC.
		By:		/s/ Xxxxxx X. Xxxxxxxxx
		Name:		Xxxxxx X. Xxxxxxxxx
		Title:		Senior Vice President, General Counsel and Secretary
		TRANSAMERICA FUNDS
		By:		/s/ Xxxxxxxxxxx X. Xxxxxxx
		Name:		Xxxxxxxxxxx X. Xxxxxxx
		Title:		Vice President and Chief Investment Officer