Ex 99.(d)(xviii)
MANAGEMENT FEE WAIVER AGREEMENT
This Management Fee Waiver Agreement (the "Agreement") is made and
entered into as of this 29th day of June 2006 between Lord, ▇▇▇▇▇▇ & Co. LLC
("Lord ▇▇▇▇▇▇") and Lord ▇▇▇▇▇▇ Investment Trust ("Investment Trust"), on behalf
of the Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund (the "Fund").
In consideration of good and valuable consideration, receipt of which
is hereby acknowledged, Lord ▇▇▇▇▇▇ agrees to waive its management fee payable
under the Management Agreement between Lord ▇▇▇▇▇▇ and Investment Trust with
respect to the Fund for the fiscal year beginning June 29, 2006 through November
30, 2006.
IN WITNESS WHEREOF, Lord ▇▇▇▇▇▇ and Investment Trust have caused this
Agreement to be executed by a duly authorized member and officer, respectively,
as of the day and year first above written.
LORD, ▇▇▇▇▇▇ & CO. LLC
BY: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Member and General Counsel
LORD ▇▇▇▇▇▇ INVESTMENT TRUST
BY: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President and Assistant
Secretary