0000894189-07-003136 Sample Contracts

ADDENDUM TO THE DIREXION FUNDS FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • October 31st, 2007 • Direxion Funds

THIS ADDENDUM, dated as of the 1st day of May, 2007, to the Fund Administration Servicing Agreement dated as of February 16, 2004, as amended, (the “Fund Administration Agreement”) is by and between Direxion Funds, a Massachusetts business trust, (the “Trust”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).

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ADDENDUM TO THE DIREXION FUNDS TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • October 31st, 2007 • Direxion Funds

THIS ADDENDUM, dated as of the 1st day of May, 2007, to the Transfer Agent Servicing Agreement dated as of February 16, 2004, as amended, (the “Transfer Agent Agreement”) is entered by and between Direxion Funds, a Massachusetts business trust (the “Trust”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).

AMENDMENT TO THE DIREXION FUNDS FUND ACCOUNTING SERVICING AGREEMENT
Fund Accounting Servicing Agreement • October 31st, 2007 • Direxion Funds

THIS AMENDMENT, dated as of the 1st day of May, 2007, to the Fund Accounting Servicing Agreement dated as of March 3, 2006, as amended, (the “Fund Accounting Agreement”) is entered by and between Direxion Funds, a Massachusetts business trust (the “Trust”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company (“USBFS”).

AMENDMENT TO THE DIREXION FUNDS CUSTODY AGREEMENT
Custody Agreement • October 31st, 2007 • Direxion Funds

THIS AMENDMENT, dated as of the 1st day of May, 2007, to the Custody Agreement dated as of February 16, 2004, as amended, (the “Custody Agreement”) is by and between Direxion Funds, a Massachusetts business trust (the “Trust”) and U.S. Bank, National Association, a national banking association (the “Custodian”).

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