0001158649-03-000067 Sample Contracts

Redmond, WA 98052
Expense Limitation Agreement • August 14th, 2003 • Safeco Taxable Bond Trust

SAFECO Taxable Bond Trust, a Delaware business trust ("Trust") offers for public sale distinct series of shares of beneficial interest of all such existing series and additional series now or hereinafter listed on Exhibit A, being referred to individually as a "Series," each Series corresponding to a distinct portfolio.

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