ICON FUNDS
SCHEDULE A TO EXPENSE LIMITATION AGREEMENT
CLASS A CLASS C CLASS I CLASS Z CLASS S
------- ------- ------- ------- -------
ICON Bond Fund N/A 1.60% 1.00% 0.75% N/A
ICON Covered Call Fund 1.45% 2.20% 1.45% 1.20% N/A
ICON Equity Income Fund 1.45% 2.20% 1.45% 1.20% N/A
ICON Long/Short Fund 1.55% 2.30% 1.55% 1.30% N/A
ICON International Equity Fund 1.80% 2.55% 1.80% 1.55% N/A
ICON Europe Fund 1.80% N/A N/A N/A N/A
ICON Asia-Pacific Region Fund 1.80% N/A N/A N/A N/A
ICON FUNDS ICON ADVISERS, INC.
By: /s/ Xxxx X. Xxxxxx By: /s/ Xxxxx Xxxxxxxx
--------------------------------- ------------------------------------
Name: Xxxx X. Xxxxxx Name: Xxxxx Xxxxxxxx
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Title: EVP & CFO Title: President
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Dated May 16, 2006
