September 10, 2008 Mr. Richard C. Barrett, Chairman Stonebridge Funds Trust 1801 Century Park East, Suite 1800 Los Angeles, California 90067 Re: Stonebridge Funds Trust (The “Trust”) Dear Mr. Barrett:

Exhibit 99.(h)(5)

September 10, 2008

▇▇. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Chairman
Stonebridge Funds Trust
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇

Re:    Stonebridge Funds Trust (The “Trust”)

Dear ▇▇. ▇▇▇▇▇▇▇:

By our execution of this letter agreement (the “Agreement”), ALPS Fund Services, Inc. (“ALPS”), to improve the performance of the Trust’s portfolios, hereby agrees to temporarily reduce the minimum administration fees it is entitled to receive pursuant to Section 2 of the Administration Agreement dated as of November 2, 1998 between the Trust and ALPS, as follows for the fiscal year ending October 31, 2009:

Portfolio		Contractual Minimum Administration Fee		Reduced Minimum Administration Fee
Institutional Small-Cap Growth Fund		$6,250/month		$4,500/month
Small-Cap Growth Fund		$6,250/month		$4,500/month

ALPS acknowledges that it will not be entitled to collect on or make a claim for the administration fees it would have received but for this reduction at any time in the future. ALPS agrees to continue such waivers for the portfolios through the end of the fiscal year (October 31, 2009).

ALPS FUND SERVICES, INC.
By:	/s/  ▇▇▇▇▇▇ ▇. MAY
Name: ▇▇▇▇▇▇ ▇. May
Title: Managing Director of
Operations & Client Services

Your signature below acknowledges
Acceptance of this Agreement:

By:	/s/  ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Chairman, Stonebridge Funds Trust