0000891092-06-002326 Sample Contracts

ADMINISTRATION AGREEMENT
Administration Agreement • August 18th, 2006 • Merrill Lynch Investment Managers Funds Inc • New York

AGREEMENT, dated October 2, 2006, between BlackRock Short-Term Bond Series, Inc. (the "Corporation"), a Maryland corporation, on behalf of its series, BlackRock Short-Term Bond Fund (the "Fund"), and BlackRock Advisors, LLC (the "Administrator"), a Delaware limited liability company.

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