0001193125-05-114039 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • May 24th, 2005 • William Blair Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of May 19, 2005 by and between William Blair & Company, L.L.C., an Illinois limited liability company (the “Advisor”) and William Blair Funds (the “Trust”), on behalf of the William Blair Emerging Markets Growth Fund series of the Trust (the “Fund”).

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AMENDED AND RESTATED DELEGATION AGREEMENT
Delegation Agreement • May 24th, 2005 • William Blair Funds

In establishing systems for the Monitoring of foreign custody arrangements and contracts with Eligible Foreign Custodians, Delegate shall consider the following factors, if such information is available:

MANAGEMENT AGREEMENT (AMENDED AND RESTATED)
Management Agreement • May 24th, 2005 • William Blair Funds • Illinois

AGREEMENT made as of this 15th day of December, 1999, by and between WILLIAM BLAIR FUNDS, a Delaware business trust (the “Trust”), and WILLIAM BLAIR & COMPANY, L.L.C., an Illinois limited liability company (the “Manager”).

SHAREHOLDER SERVICES AGREEMENT (CLASS N AND I)
Shareholder Services Agreement • May 24th, 2005 • William Blair Funds • Illinois

AGREEMENT made as of this 18th day of February, 2005 by and between WILLIAM BLAIR FUNDS, a Delaware statutory trust (the Trust”), on behalf of the William Blair Emerging Markets Growth Fund (the “Fund”), and WILLIAM BLAIR & COMPANY, L.L.C., an Illinois limited liability company (“William Blair”).

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