0000950130-01-500275 Sample Contracts

WITNESSETH:
Administration Agreement • March 21st, 2001 • Mercury Focus Twenty Fund Inc • New York
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FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT
Fee Waiver/Expense Reimbursement Agreement • March 21st, 2001 • Mercury Focus Twenty Fund Inc

THIS FEE WAIVER/EXPENSE REIMBURSEMENT AGREEMENT (the "Agreement") is signed as of March , 2001 by Fund Asset Management, L.P. (the "Manager") and Mercury Focus Twenty Fund, Inc. (the "Fund").

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