0000935069-06-001286 Sample Contracts

AMENDMENT DATED FEBRUARY 17, 2006 TO THE ACCOUNTING SERVICES AGREEMENT BETWEEN RYDEX DYNAMIC FUNDS AND RYDEX FUND SERVICES, INC., DATED MAY 1, 2000, AS AMENDED
Accounting Services Agreement • May 1st, 2006 • Rydex Dynamic Funds

The following Amendment is made to the Accounting Services Agreement between Rydex Dynamic Funds (the "Trust") and Rydex Fund Services, Inc. (the "Servicer"), dated May 1, 2000, as amended to date (the "Agreement"), and is hereby incorporated into and made a part of the Agreement:

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AMENDMENT DATED FEBRUARY 17, 2006 TO THE AMENDED AND RESTATED SERVICE AGREEMENT BETWEEN RYDEX DYNAMIC FUNDS AND RYDEX FUND SERVICES, INC., DATED NOVEMBER 15, 2004
Service Agreement • May 1st, 2006 • Rydex Dynamic Funds
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AMENDMENT DATED FEBRUARY 17, 2006 TO THE ADVISORY AGREEMENT BETWEEN RYDEX DYNAMIC FUNDS AND PADCO ADVISORS, INC., DATED APRIL 30, 2004, AS AMENDED
Advisory Agreement • May 1st, 2006 • Rydex Dynamic Funds

The following amendment is applicable to Schedule A of the Advisory Agreement between Rydex Dynamic Funds (the "Trust") and PADCO Advisors, Inc. (the "Adviser"), dated April 30, 2004, as amended to date (the "Agreement"), and is hereby incorporated into and made a part of the Agreement:

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