0001047469-03-033910 Sample Contracts

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Exhibit 99(k)(4) CLAYMORE SECURITIES, INC. WAIVER RELIANCE LETTER
Servicing Agreement • October 22nd, 2003 • Mbia Capital Claymore Man Dur Inv GRD Muni Fund

Claymore Securities, Inc. (the "Servicing Agent") and MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund (the "Fund") have entered into a Servicing Agreement, dated as of the date hereof (the "Servicing Agreement"), pursuant to which the Servicing Agent has agreed to furnish certain services to the Fund on the terms and subject to the conditions of the Servicing Agreement.

Exhibit 99(g)(2) MBIA CAPITAL MANAGEMENT CORP. WAIVER RELIANCE LETTER
Investment Advisory Agreement • October 22nd, 2003 • Mbia Capital Claymore Man Dur Inv GRD Muni Fund

MBIA Capital Management Corp. (the "Adviser") and MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund (the "Fund") have entered into an Investment Advisory Agreement, dated as of the date hereof (the "Investment Advisory Agreement"), pursuant to which the Adviser has agreed to furnish investment advisory services to the Fund on the terms and subject to the conditions of the Investment Advisory Agreement.

Relating to
Broker-Dealer Agreement • October 22nd, 2003 • Mbia Capital Claymore Man Dur Inv GRD Muni Fund • New York
ARTICLE I DEFINITIONS
Custody Agreement • October 22nd, 2003 • Mbia Capital Claymore Man Dur Inv GRD Muni Fund • New York
Exhibit 99(k)(1) STOCK TRANSFER AGENCY AGREEMENT
Stock Transfer Agency Agreement • October 22nd, 2003 • Mbia Capital Claymore Man Dur Inv GRD Muni Fund • New York
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