0001003297-03-000114 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • April 30th, 2003 • FBR Fund for Government Investors • Maryland

THIS AGREEMENT is made as of November 1, 2002 by and between FBR Fund for Government Investors, FBR Fund for Tax-Free Investors, Inc., and The FBR Rushmore Fund, Inc. (the "Funds"), and FBR Investment Services, Inc. (the "Distributor").

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ADVISORY EXPENSE WAIVER AGREEMENT
Expense Waiver Agreement • April 30th, 2003 • FBR Fund for Government Investors • Delaware

This will confirm the advisory expense waiver agreement (the "Agreement") between FBR Fund for Government Investors (the "Fund") and Money Management Advisers, Inc. (the "Adviser").

ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • April 30th, 2003 • FBR Fund for Government Investors • Maryland

AGREEMENT made as of November 1, 2002, by and between FBR Fund for Government Investors, having its principal office and place of business at 4922 Fairmont Avenue, Bethesda, Maryland 20814 (the "Trust"), and FBR National Bank & Trust, Bethesda, Maryland, a national banking association, having its principal office and place of business at 4922 Fairmont Avenue, Bethesda, MD 20814, on behalf of itself and its affiliates (the "Company").

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