0000932471-06-001756 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 21st, 2006 • Vanguard Windsor Funds/ • Delaware

THIS AGREEMENT is made as of this 1st day of May, 2006, between the Vanguard Windsor Funds, a Delaware business trust (the "Trust"), and Barrow, Hanley, Mewhinney & Strauss, INC., a Nevada corporation (the "Advisor”).

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