Exhibit 99(d)(1) ASSUMPTION AGREEMENT THIS ASSUMPTION AGREEMENT is made as of February 1, 2004, by and between Ariel Investment Trust ("Trust") and Ariel Capital Management, LLC, a Delaware limited liability company. WHEREAS, the Trust is an open-end...Assumption Agreement • November 23rd, 2004 • Ariel Investment Trust
Exhibit 99(d)(2) ASSUMPTION AGREEMENT THIS ASSUMPTION AGREEMENT is made as of February 1, 2004, by and between Ariel Capital Management, LLC, a Delaware limited liability company, and Lincoln Capital Fixed Income Management Company, LLC, a Delaware...Assumption Agreement • November 23rd, 2004 • Ariel Investment Trust
