TO CUSTODIAN AGREEMENT EFFECTIVE DECEMBER 5, 2006

                                    EXHIBIT D

                             TO CUSTODIAN AGREEMENT
                           EFFECTIVE DECEMBER 5, 2006

                                  FEE SCHEDULE

Each series of the First American Investment Funds, Inc., as now in existence or
hereafter created from time to time, other than International Fund and
International Select Fund, shall pay to the Custodian a monthly fee at an annual
rate of 0.005% of the average daily net assets of such series.