0001193125-07-095916 Sample Contracts

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Exhibit (h)(20) April 12, 2007 Barclays Global Investors Funds Master Investment Portfolio 45 Fremont Street San Francisco, California 94105 Expense Undertaking Ladies and Gentlemen: Reference is made to the Administration Agreement between Barclays...
Barclays Global Investors Funds • April 30th, 2007

Reference is made to the Administration Agreement between Barclays Global Investors Funds ("BGIF") and Barclays Global Investors, N.A. ("BGI") (the "BGIF Administration Agreement") and the Administration Agreement between Master Investment Portfolio ("MIP") and BGI (the "MIP Administration Agreement"), pursuant to which BGI serves as Administrator for BGIF and MIP. In addition, Barclays Global Fund Advisors ("BGFA") and MIP, on behalf of the series of MIP, are parties to investment advisory agreements (the "Advisory Agreements"), pursuant to which BGFA provides investment advisory services to such series and receives compensation for such services at the rates set forth in the Advisory Agreements (each, an "Advisory Fee").

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