AGREEMENT TO TEMPORARILY ELIMINATE DISTRIBUTION SERVICES FEES SELECTED DAILY GOVERNMENT FUND CLASS S SHARES

Ex 28(m)(5)

AGREEMENT

TO TEMPORARILY ELIMINATE

DISTRIBUTION SERVICES FEES

SELECTED DAILY GOVERNMENT FUND

CLASS S SHARES

2012 EXTENSION

THIS AGREEMENT is made this 31st day of December 2010, between Selected Capital Preservation Trust, an Ohio business trust (“SCPT”) and Xxxxx Distributors, LLC, a limited liability company organized under the laws of Delaware (“DDLLC”).

RECITALS:

WHEREAS, SCPT and DDLLC entered into an agreement dated December 31, 2009, entitled AGREEMENT TO TEMPORARILY ELIMINATE DISTRIBUTION SERVICES FEES SELECTED DAILY GOVERNMENT FUND CLASS S SHARES; and

WHEREAS, section 2 of the Agreement provides that the Agreement expires on December 31, 2010; A subsequent agreement extended the elimination through December 31, 2011; and both parties desire to extend the Agreement for one more year;

NOW, THEREFORE, the parties hereby agree as follows:

1. Temporary Elimination Distribution Fee. DDLLC agrees to temporarily waive the 0.25% distribution fee paid by SDGF Class S shares.

2. Duration of Agreement. This 2012 Extension shall extend the duration of the Agreement until December 31, 2012.

IN WITNESS WHEREOF, the parties have duly executed this Agreement, all as of the date first written above.

Selected Capital Preservation Trust

By:

    Xxxxxx Xxxx

    Vice President

Xxxxx Distributors, LLC

By:

    Xxxxxxx Xxxx

    President

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