0000930413-05-008651 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 30th, 2005 • Citifunds Trust Iii • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 1st day of December, 2005, by and between CitiFunds Trust III, a Massachusetts Business Trust (the “Trust”) and Citi Fund Management Inc., a Delaware corporation (the “Manager”).

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WITNESSETH
Agency and Services Agreement • December 30th, 2005 • Citifunds Trust Iii • New York
DISTRIBUTION AGREEMENT
Distribution Agreement • December 30th, 2005 • Citifunds Trust Iii • Maryland

This DISTRIBUTION AGREEMENT, made this 1st day of December, 2005 by and between CitiFunds Trust III (“Investment Company”), a Massachusetts business trust and Legg Mason Investor Services, LLC (“Distributor”).

WITNESSETH:
Service Mark License Agreement • December 30th, 2005 • Citifunds Trust Iii
AMENDMENT TO DISTRIBUTION AGREEMENT
Distribution Agreement • December 30th, 2005 • Citifunds Trust Iii

Reference is made to that certain distribution agreement (the “Agreement”), dated as of September 5, 2000, between CitiFunds Trust III (the “Investment Company”),with respect to one or more separate series listed on Exhibit A (each a “Fund”) and Citigroup Global Markets Inc. This letter agreement (the “Amendment”) amends or supplements certain terms of the Agreement as set forth below. Except as expressly amended hereby, the provisions of the Agreement are and shall remain in full force and effect. Capitalized terms not defined in this Amendment shall have the meanings given to them in the Agreement.

INTERIM MANAGEMENT AGREEMENT
Interim Management Agreement • December 30th, 2005 • Citifunds Trust Iii

This Interim Management Agreement (this “Agreement”) is made this 1st day of December, 2005, by and between CitiFunds Trust III, a Massachusetts Business Trust (the “Trust”), and Citi Fund Management Inc., a Delaware corporation (the “Manager”).

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