0000932471-06-000927 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 30th, 2006 • Vanguard Fixed Income Securities Funds

AGREEMENT made as of this 1st day of May, 2005, by and between VANGUARD FIXED INCOME SECURITIES FUNDS, a Delaware Statutory Trust (the “Trust”) and WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts Partnership (the “Advisor”).

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AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 30th, 2006 • Vanguard Fixed Income Securities Funds • Delaware

THIS AGREEMENT is made as of this 1st day of May, 2005, between Vanguard Fixed Income Securities Funds, a Delaware statutory trust (the “Trust”), and Wellington Management Company, LLP (the “Advisor”), a Massachusetts partnership.

Vanguard GNMA Fund Investment Advisory Agreement Addendum Effective May 1, 2006
Investment Advisory Agreement • May 30th, 2006 • Vanguard Fixed Income Securities Funds

This Addendum amends certain sections of the Investment Advisory Agreement dated May 1, 2005 (the “Agreement”) between Vanguard Fixed Income Securities Funds (the “Trust”) and Wellington Management Company, LLP (“Wellington Management,” or the “Advisor”) for the management of Vanguard GNMA Fund (the “Fund”), a series of the Trust, as follows:

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