0000898432-07-000928 Sample Contracts

MORGAN KEEGAN SELECT FUND, INC. 50 North Front Street Memphis, Tennessee 38103
Expense Limitation Agreement • October 29th, 2007 • Morgan Keegan Select Fund Inc • Maryland

This Agreement is made by and between Morgan Keegan Select Fund, Inc. (the "Fund") and Morgan Asset Management, Inc. (the "Adviser") on behalf of Regions Morgan Keegan Select Short Term Bond Fund (the "Portfolio"), a distinct series of the Fund.

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