0001193125-06-015248 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • January 30th, 2006 • William Blair Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of October 25, 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 Mid Cap Growth Fund series of the Trust (the “Fund”).

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Appendix A
Appendix A • January 30th, 2006 • William Blair Funds

This revised Appendix A to the Custodian Agreement dated October 1, 1999, between William Blair Funds and Investors Bank & Trust Company, is effective as of February 1, 2006.

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