0000922329-01-500020 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • April 30th, 2001 • Rydex Dynamic Funds • Delaware

THIS AGREEMENT is made as of August 28, 2000, between Rydex Dynamic Funds (“the Trust”), a Delaware business trust and Rydex Distributors, Inc. (the “Distributor”), a Maryland corporation.

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SERVICE AGREEMENT
Service Agreement • April 30th, 2001 • Rydex Dynamic Funds • Maryland

THIS SERVICE AGREEMENT (the “Agreement”), dated as of May 1, 2000, is entered into by and between Rydex Dynamic Funds, a Delaware business trust (the “Trust”), and PADCO SERVICE COMPANY, INC., a Maryland corporation (the “Servicer”).

ACCOUNTING SERVICES AGREEMENT BETWEEN RYDEX DYNAMIC FUNDS AND PADCO SERVICE COMPANY, INC.
Accounting Services Agreement • April 30th, 2001 • Rydex Dynamic Funds • Maryland

This Agreement, dated May 1, 2000, made by and between Rydex Dynamic Funds (the “Trust”), a business trust established under the laws of the State of Delaware on August 6, 1999, and organized as an open-end management investment company, and PADCO SERVICE COMPANY, INC. (the “Agent”), a company incorporated under the laws of the State of Maryland.

INVESTMENT ADVISORY AGREEMENT BETWEEN RYDEX DYNAMIC FUNDS AND PADCO ADVISORS, INC.
Investment Advisory Agreement • April 30th, 2001 • Rydex Dynamic Funds • Maryland

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of May 1, 2000 is entered into by and between Rydex Dynamic Funds (the “Trust”), a Delaware business trust established on August 6, 1999 and PADCO ADVISORS, INC. (the “Advisor”), a company incorporated under the laws of the State of Maryland.

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