0000894189-04-002000 Sample Contracts

ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT McCarthy Multi-Cap Stock Fund
Investment Advisory Agreement • September 29th, 2004 • Advisors Series Trust • California

THIS INVESTMENT ADVISORY AGREEMENT is made as of the day of ____, 2004, by and between Advisors Series Trust, a Delaware business trust (hereinafter called the "Trust"), on behalf of the following series of the Trust, McCarthy Multi-Cap Stock Fund (the "Fund") and McCarthy Group Advisors, LLC (hereinafter called the "Advisor").

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