Common use of Open Accounts Clause in Contracts

Open Accounts. Networked $9.00/account Non-Networked $15.00/account Closed Accounts All $2.00/account Small Account Fees Retained by the Fund * NOTE: Includes AML/CIP Services (excluding CIP-related search fees). Marketing/Sales Calls** $1.25/minute **NOTE: Billed to the investment adviser or distributor of the Fund. All fiduciary fees (including set-up, maintenance and closeout) paid by Shareholders or swept from current accounts (based on current rates and terms with each Fund) will be retained by the Transfer Agent. The parties acknowledge that any waivers of fiduciary fees beyond the existing waivers may require adjustment to the fees and expenses set forth on this Schedule 3.1. ***NOTE: The annual Fiduciary Fee for current existing Gateway Fund Shareholders will be waived through September 30, 2008. New Gateway Fund Shareholders will be subject to the Fiduciary Fees noted above.

Open Accounts. Networked $9.00/account Non-Networked $15.00/account Closed Accounts All $2.00/account Small Account Fees Retained by the Fund * NOTE: Includes AML/CIP Services (excluding CIP-related search fees). Marketing/Sales Calls** $1.25/minute *** NOTE: Billed to the investment adviser or distributor of the Fund. All fiduciary fees (including set-up, maintenance and closeout) paid by Shareholders or swept from current accounts (based on current rates and terms with each Fund) will be retained by the Transfer Agent. The parties acknowledge that any waivers of fiduciary fees beyond the existing waivers may require adjustment to the fees and expenses set forth on this Schedule 3.1. **** NOTE: The annual Fiduciary Fee for current existing Gateway Fund Shareholders will be waived through September 30, 2008. New Gateway Fund Shareholders will be subject to the Fiduciary Fees noted above.