0000894189-06-000851 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • March 30th, 2006 • Advisors Series Trust • Wisconsin

THIS AGREEMENT is made and entered into as of this 13th day of July, 2005, by and between the ADVISOR SERIES TRUST, a Delaware statutory trust (the “Trust”) and QUASAR DISTRIBUTORS, LLC, a Delaware limited liability company (the “Distributor”). Pacific Income Advisers, Inc., a ____________ corporation and the investment advisor to the Trust (the “Advisor”), is a party hereto with respect to Section 5 only.

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ADVISORS SERIES TRUST INVESTMENT ADVISORY AGREEMENT Pacific Income Advisers, Inc. Fund
Investment Advisory Agreement • March 30th, 2006 • Advisors Series Trust • California

THIS INVESTMENT ADVISORY AGREEMENT is made as of the 13th day of September, 2004, by and between Advisors Series Trust, a Delaware business trust (hereinafter called the "Trust"), on behalf of the following series of the Trust, PIA Short-Term Government Securities Fund, PIA Equity Fund, PIA Total Return Bond Fund and PIA BBB Bond Fund (collectively, the "Funds") and Pacific Income Advisers, Inc., a Delaware corporation (hereinafter called the "Advisor").

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