0001104659-05-056767 Sample Contracts

SECOND AMENDMENT TO CUSTODY AGREEMENT
Custody Agreement • November 18th, 2005 • Ariel Investment Trust

This Amendment to the Custody Agreement is made as of March 2, 2004, by and between ARIEL INVESTMENT TRUST (formerly the Ariel Growth Fund) (the “Fund”) and STATE STREET BANK AND TRUST COMPANY, assignee of Investors Fiduciary Trust Company (the “Custodian”). Capitalized terms used in this Amendment without definition shall have the respective meanings given to such terms in the Custody Agreement referred to below.

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To the Transfer Agency and Service Agreement; between Ariel Investment Trust (f/k/a Ariel Growth Fund d/b/a Ariel Investment Trust) And National Financial Data Services, Inc.
Ariel Investment Trust • November 18th, 2005

This Amendment is made as of this 1st day of July, 2004 between Ariel Investment Trust and National Financial Data Services, Inc. In accordance with Section 3 (Fees and Expenses) and Section 16.1 (Amendment) of the Transfer Agency and Service Agreement Between Ariel Investment Trust and National Financial Data Services, Inc. dated, September 1, 2000 (the “Agreement”) the parties desire to amend the Agreement as set forth herein.

TRANSFER AGENCY AND SERVICE AGREEMENT
Transfer Agency and Service Agreement • November 18th, 2005 • Ariel Investment Trust • Massachusetts

AGREEMENT made as of the 1st day of September, 2000, by and between ARIEL GROWTH FUND d/b/a ARIEL INVESTMENT TRUST, a Massachusetts business trust, having its principal office and place of business at 307 North Michigan Avenue, Suite 500, Chicago, Illinois (the “Fund”), and NATIONAL FINANCIAL DATA SERVICES, INC., a Massachusetts trust company having its principal office and place of business at The Poindexter Building, 330 West 9th Street, Kansas City, Missouri 64105 (the “Transfer Agent”).

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