Attachment B December 1, 2006 Board of Trustees Century Capital Management Trust 100 Federal Street, 29th Floor Boston, MA 02110 Re: Fee Waiver and Expense Reimbursement Agreement Dear Gentlemen: Century Capital Management, LLC hereby confirms our...

                                                                Attachment B




December 1, 2006

Board of Trustees
Century Capital Management Trust
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxx, XX  00000

Re:  Fee Waiver and Expense Reimbursement Agreement

Dear Gentlemen:

Century Capital Management, LLC hereby confirms our agreement with you as
follows:

Pursuant to an Investment Advisory Agreement dated as of January 29, 2004 (the
"Advisory Agreement"), you have employed us to manage the investment and
reinvestment of the assets of Century Shares Trust (the "Fund"), a series of
Century Capital Management Trust.

We hereby agree that, notwithstanding any provision to the contrary contained in
the Advisory Agreement, we shall limit, by waiver of the fees payable to us
pursuant to the Advisory Agreement or by reimbursement, the aggregate expenses
of every character incurred by the Fund's Investor Shares, excluding brokerage
commissions, taxes, interest and litigation, indemnification and other
extraordinary expenses (the "Limitation"). Under the Limitation, we agree that,
effective February 28, 2007 through February 28, 2008, such expenses shall not
exceed a percentage of average daily net assets equal to, on an annualized
basis, 1.45%.


                                   Very truly yours,

                                   CENTURY CAPITAL MANAGEMENT, LLC


                                   By:      /s/ Xxxxxxxxx X. Xxxxxxxxx
                                            -------------------------------
                                            Xxxxxxxxx X. Xxxxxxxxx
                                            Managing Partner