ADMINISTRATIVE SERVICES AGREEMENT

Exhibit 99.28(h)(v)

Administrative Services Agreement - Amendment # 1-24

This Administrative Services Agreement (“Agreement”) is made as of December 12, 2002 by and among each of the investment companies in the Lord ▇▇▇▇▇▇ Family of Funds, as set forth on Exhibit 1 hereto, and each new Lord ▇▇▇▇▇▇ Fund added as a party to this Agreement pursuant to section 9, (each, a “Fund” or collectively, the “Funds”) and Lord, ▇▇▇▇▇▇ & Co. LLC, a Delaware limited liability company (“Lord ▇▇▇▇▇▇”).

RECITALS

A. WHEREAS, Lord ▇▇▇▇▇▇ has entered into a Management Agreement with each Fund whereby Lord ▇▇▇▇▇▇ provides investment management services to each Fund.

B. WHEREAS, each Fund desires to retain Lord ▇▇▇▇▇▇ to provide certain administrative services and Lord ▇▇▇▇▇▇ is willing to provide, or arrange to have provided, such services upon the terms and conditions as hereinafter provided.

NOW THEREFORE, in consideration of the mutual covenants and of other good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

1. Agreement to Perform Administrative Services. Each Fund hereby employs Lord ▇▇▇▇▇▇ under the terms and conditions of this Agreement, and Lord ▇▇▇▇▇▇ hereby accepts such employment and agrees to perform the administrative services described below. It is understood that the persons employed by Lord ▇▇▇▇▇▇ to assist in the performance of its duties hereunder will not devote their full time to such services, and may in fact devote a substantial portion of their time to the performance of duties relating to Lord ▇▇▇▇▇▇’▇ provision of services to other clients, and nothing herein shall be deemed to limit or restrict the right of Lord ▇▇▇▇▇▇, its affiliates, and their respective employees, to engage in and devote time and attention to other business or to render services of whatever kind or nature to Lord ▇▇▇▇▇▇’▇ other clients.

2. Lord ▇▇▇▇▇▇ Services and Duties. Lord ▇▇▇▇▇▇ will provide, or arrange to have provided in accordance with section 3 below, for each Fund those facilities, equipment, and personnel to carry out the administrative services which are described in Exhibit 2 hereto (“Administrative Services”). Lord ▇▇▇▇▇▇ represents that it has sufficient personnel and experience to perform the Administrative Services, and agrees to perform such Administrative Services in accordance with industry standards for mutual fund administrators.

In performing its duties under this Agreement, Lord ▇▇▇▇▇▇ agrees that it shall observe and be bound by all of the provisions of (1) each Fund’s Articles of Incorporation/Declaration and Agreement of Trust and By-laws (including any amendments thereto) which in any way limit or restrict or prohibit or otherwise regulate any action by Lord ▇▇▇▇▇▇, (2) each Fund’s registration statement, and (3) the instructions and directions of the Boards of Directors/Trustees of each Fund. In addition, Lord ▇▇▇▇▇▇ agrees and warrants that it will use its best efforts to conform to and comply with the requirements of the Investment Company Act of 1940, as amended (“1940 Act”) and all other applicable federal and state laws and regulations.

3. Lord ▇▇▇▇▇▇ Subcontractors. It is understood that Lord ▇▇▇▇▇▇ may from time to time employ or associate with such person or persons (“Subcontractors”) as Lord ▇▇▇▇▇▇ may believe to be particularly fitted to assist in its performance of this Agreement; provided, however, that the compensation of such Subcontractors shall be paid by Lord ▇▇▇▇▇▇ and that Lord ▇▇▇▇▇▇ shall be as fully responsible to each Fund for the acts and omissions of any Subcontractor as it is for its own acts and omissions. Lord ▇▇▇▇▇▇ shall use its best efforts to ensure that any Subcontractor complies with the provisions of section 2 above.

4. Expenses Assumed. Except as otherwise set forth in this section 4 or as otherwise approved by the Funds’ Boards of Directors/Trustees, Lord ▇▇▇▇▇▇ shall pay all expenses incurred by it in performing the Administrative Services, including the cost of providing office facilities, equipment and personnel related to such services. Each Fund will pay its own fees, costs, expenses or charges relating to its assets and operations, including without limitation: fees and expenses under the Management Agreement; fees and expenses of Directors/Trustees not affiliated with Lord ▇▇▇▇▇▇; governmental fees; interest charges; taxes; association membership dues; fees and charges for legal and auditing services; fees and expenses of any custodians or trustees with respect to custody of its assets; fees, charges and expenses of dividend disbursing agents, registrars and transfer agents (including the cost of keeping all necessary shareholder records and accounts, and of handling any problems relating thereto and the expense of furnishing to all shareholders statements of their accounts after every transaction, including the expense of mailing); costs and expenses of repurchase and redemption of its shares; costs and expenses of preparing, printing and mailing to shareholders ownership certificates, proxy statements and materials, prospectuses, reports and notices; costs of preparing reports to governmental agencies; brokerage fees and commissions of every kind and expenses in connection with the execution of portfolio security transactions (including the cost of any service or agency designed to facilitate the purchase and sale of portfolio securities); and all postage, insurance premiums, and any other fee, cost, expense or charge of any kind incurred by and on behalf of the Trust and not expressly assumed by Lord ▇▇▇▇▇▇ under this Agreement or the Management Agreement.

5. Compensation. For the services rendered, facilities furnished and expenses assumed by Lord ▇▇▇▇▇▇ under this Agreement, each Fund will pay to Lord ▇▇▇▇▇▇ an annual administrative services fee, computed and payable monthly, at the annual rate of .04% of the value of the Fund’s average daily net assets. Such value shall be calculated in the same manner as provided in each Fund’s Management Agreement. It is specifically understood and agreed that any fees for fund accounting services payable by the Funds to State Street Bank and Trust Company pursuant to that separate Custodian and Investment Accounting Agreement dated November 1, 2001 shall be paid directly by Lord ▇▇▇▇▇▇ on behalf of the Funds. It is further understood and agreed that should the Funds’ regulatory environment change so that the costs to Lord ▇▇▇▇▇▇ of providing Administrative Services increase or decrease significantly, then Lord ▇▇▇▇▇▇ and the Funds’ Boards of Directors/Trustees will consider whether it would be appropriate to adjust the compensation under this Agreement.

6. Standard of Care. Other than to abide by the provisions hereof and render the services called for hereunder in good faith, Lord ▇▇▇▇▇▇ assumes no responsibility under this Agreement and, having so acted, Lord ▇▇▇▇▇▇ shall not be held liable or accountable for any mistakes of law or fact, or for any error or omission of its officers, directors, members or employees, or for any loss or damage arising or resulting therefrom suffered by a Fund or any of its shareholders, creditors, Directors/Trustees or officers; provided however, that nothing herein shall be deemed to protect Lord ▇▇▇▇▇▇ against any liability to the Fund or its shareholders by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties hereunder, or by reason of the reckless disregard of its obligations and duties hereunder.

7. Conflicts of Interest. Neither this Agreement nor any other transaction between the parties hereto pursuant to this Agreement shall be invalidated or in any way affected by the fact that any of the Directors/Trustees, officers, shareholders, or other representatives of a Fund are or may be an interested person of Lord ▇▇▇▇▇▇, or any successor or assignee thereof, or that any or all of the officers, members, or other representatives of Lord ▇▇▇▇▇▇ are or may be an interested person of the Fund, except as otherwise may be provided in the 1940 Act. Lord ▇▇▇▇▇▇ in acting hereunder shall be an independent contractor and not an agent of the Funds.

8. Effective Date and Termination. This Agreement shall become effective with respect to a Fund on January 1, 2003, or at such other date as may be set by the Fund’s Board of Directors/Trustees by resolution, and shall continue in force for two years from the date hereof, and is renewable annually thereafter by specific approval of the Directors/Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund; any such renewal shall be approved by the vote of a majority of the Directors/Trustees who are not parties to this Agreement or interested persons of Lord ▇▇▇▇▇▇ or of the Fund, cast in person at a meeting called for the purpose of voting on such renewal.

This Agreement may be terminated without penalty at any time by the Directors/Trustees of a Fund or by Lord ▇▇▇▇▇▇ on 60 days’ written notice. This Agreement shall automatically terminate in the event of its assignment. The terms “interested persons,” “assignment” and “vote of a majority of the outstanding voting securities” shall have the same meaning as those terms are defined in the 1940 Act.

9. Addition of New Funds to Agreement. In the event that a new fund is created in the Lord ▇▇▇▇▇▇ Family of Funds and such fund wishes to engage Lord ▇▇▇▇▇▇ to perform Administrative Services under this Ageement, such fund shall be entitled to do so by executing and delivering to Lord ▇▇▇▇▇▇ a document accepting this Agreement. The employment of Lord ▇▇▇▇▇▇ on behalf of any new fund shall become effective upon Lord ▇▇▇▇▇▇’▇ receipt of such counterpart executed by such new fund.

10. Individual Liability. The obligations of each Company/Trust, including those imposed hereby, are not personally binding upon, nor shall resort be had to the private property of, any of the Directors/Trustees, shareholders, officers, employees or agents of the Company/Trust individually, but are binding only upon the assets and property of the Company/Trust. Any and all personal liability, either at common law or in equity, or by statute or constitution, of every such Director/Trustee, shareholder, officer, employee or agent for any breach by the Company/Trust of any agreement, representation or warranty hereunder is hereby expressly waived as a condition of and in consideration for the execution of this Agreement by the Company/Trust.

11. Liability of Funds Several and not Joint. The obligations of a Fund under this Agreement are enforceable solely against that Fund and its assets.

12. Delaware Law. This Agreement shall be construed and the provisions interpreted under and in accordance with the laws of the State of Delaware.

IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On Behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:
		/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇

		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇

		Chief Financial Officer

Attested:

/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇

▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Assistant Secretary

	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:
		/s/▇▇▇▇▇▇ ▇. ▇▇▇

		▇▇▇▇▇▇ ▇. ▇▇▇

		Managing Member

Attested:

/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇

▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


	Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
	Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
	Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
	Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
	Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
	Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Limited Duration U.S. Government Securities Series
	Lord ▇▇▇▇▇▇ Total Return Fund
	U.S. Government Securities Series
	Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
	Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Large-Cap Series
	Small-Cap Value Series
	Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	International Series
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Series Fund, Inc.
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	International Portfolio
	Mid-Cap Value Portfolio
	Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.
	Lord ▇▇▇▇▇▇ Tax-Free Income Trust
	Lord ▇▇▇▇▇▇ U.S. Government Securities Money Market Fund, Inc.

EXHIBIT 2
TO
ADMINISTRATIVE SERVICES AGREEMENT

In accordance with section 2 of the Agreement, Lord ▇▇▇▇▇▇ will provide, or arrange to have provided, the following Administrative Services for each Fund:


(a)	Fund Accounting, Financial Reporting, Shareholder Servicing and Technology

		(1)	Perform Fund accounting services which include, but are not limited to, daily NAV calculation and dissemination, and maintenance of books and records as required by Rule 31 (a) of the1940 Act.
		(2)	Perform the functions of a mutual fund’s chief financial officer and treasurer.
		(3)	Perform Fund budgeting and accounts payable functions.
		(4)	Perform Financial Reporting, including reports to the Board of Directors/Trustees, and preparation of financial statements, NSARs and registration statements.
		(5)	Coordinate regulatory examinations.
		(6)	Calculate and facilitate payment of dividends.
		(7)	Oversee the preparation and ensure the filing of all Federal/State Tax Returns.
		(8)	Monitor the Fund’s compliance with IRS regulations.
		(9)	Monitor compliance with Fund policies on valuing (pricing) all Fund assets.
		(10)	Monitor Transfer Agent to ensure shareholder accounts are being processed in compliance with the appropriate regulations and are reflected appropriately in the Fund’s records. Ensure 12b-1 payments being paid by the Fund are accurate and in accordance with the 12b-1 plans.
		(11)	Maintain the technology platforms and market data feeds necessary for the daily accounting and reporting functions set forth in this Agreement.

(b)	Legal, Compliance and Blue Sky Functions

		(1)	Prepare and maintain files of all Board and shareholder meeting materials, including minutes.
		(2)	Monitor compliance by each Fund with various conditions imposed by exemptive orders and/or regulatory requirements relating to multiple classes of shares, and fund of funds.


			(3)	Prepare and review periodic Prospectus/Statement of Additional Information compliance reports.
			(4)	Prepare, update and file with the SEC the Funds’ registration statements, including pre-effective and post-effective amendments, Prospectuses, SAIs, and supplements.
			(5)	Prepare and/or review and file proxy materials with the SEC.
			(6)	Review annual and semi-annual reports of the Funds.
			(7)	Negotiate D&O/E&O insurance matters and annual renewals on behalf of the Funds.
			(8)	Monitor fidelity bond coverage for the Funds.
			(9)	Review Rule 24f-2 notices relating to registration fees and file with the SEC.
			(10)	Coordinate regulatory examinations of the Funds.
			(11)	Assist in preparation of Board members’ questionnaires.
			(12)	Register Fund shares with appropriate state blue sky authorities.
			(13)	Obtain and renew all sales permits required by relevant state authorities in order to permit the sale of shares in the state.
			(14)	Monitor the sale of shares in individual states.
			(15)	Respond to all blue sky audit and examination issues.


		Administrative Services Agreement - Amendment #1

AMENDMENT 1
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Investment Companies named on Exhibit 1 and Lord ▇▇▇▇▇▇ entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, Section 9 of the Agreement provides for the addition to the Agreement of new funds created in the Lord ▇▇▇▇▇▇ Family of Funds where such funds wish to engage Lord ▇▇▇▇▇▇ to perform Administrative Services under the Agreement;

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;

NOW THEREFORE, in consideration of the mutual covenants and of other good and valuable consideration, receipt of which is hereby acknowledged, the parties mutually agree to amend the Agreement in the following respects:

1. The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:


	Lord ▇▇▇▇▇▇ Series Fund, Inc.
		All Value Portfolio
		America’s Value Portfolio
		Growth Opportunities Portfolio

2. The Agreement shall remain the same in all other respects.

3. The Amendment is effective as of the 30^th day of April, 2003.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer

Attested:

/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President & Assistant Secretary

	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member

Attested:

/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF APRIL 30, 2003)
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust

Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.

Equity Series

Income Series

Lord ▇▇▇▇▇▇ Investment Trust

Balanced Series

Core Fixed Income Fund

Lord ▇▇▇▇▇▇ High Yield Fund

Limited Duration U.S. Government Securities Series

Lord ▇▇▇▇▇▇ Total Return Fund

U.S. Government Securities Series

Lord ▇▇▇▇▇▇ Large-Cap Growth Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Research Fund, Inc.

Lord ▇▇▇▇▇▇ America’s Value Fund

Lord ▇▇▇▇▇▇ Growth Opportunities Fund

Large-Cap Series

Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust

Alpha Series

Lord ▇▇▇▇▇▇ All Value Fund

International Series

Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund

Lord ▇▇▇▇▇▇ Micro-Cap Value Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.

All Value Portfolio

America’s Value Portfolio

Bond-Debenture Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Portfolio

Mid-Cap Value Portfolio

Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.

Lord ▇▇▇▇▇▇ California Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund

Lord ▇▇▇▇▇▇ National Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Tax-Free Income Trust

Florida Series

Georgia Series

Michigan Series

Pennsylvania Series

Lord ▇▇▇▇▇▇ U.S. Government Securities Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #2

AMENDMENT 2
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;

1. The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Convertible Fund

	Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund

	Lord ▇▇▇▇▇▇ Tax-Free Income Trust
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund

2. The Agreement shall remain the same in all other respects.

3. The Amendment is effective as of the 30^th day of June, 2003.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer

Attested:

/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President & Assistant Secretary

	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member

Attested:

/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF JUNE 30, 2003)
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


	Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
	Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
	Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
	Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
	Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
	Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Limited Duration U.S. Government Securities Series
	Lord ▇▇▇▇▇▇ Total Return Fund
	U.S. Government Securities Series
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
	Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Large-Cap Series
	Small-Cap Value Series
	Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	International Series
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Mid-Cap Value Portfolio


	Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Tax-Free Income Trust
	Florida Series
	Georgia Series
	Michigan Series
	Pennsylvania Series
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ U.S. Government Securities Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #3

AMENDMENT 3

to the

ADMINISTRATIVE SERVICES AGREEMENT

among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;

1. The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

Lord ▇▇▇▇▇▇ Securities Trust
Lord ▇▇▇▇▇▇ International Core Equity Fund

2. The Agreement shall remain the same in all other respects.

3. The Amendment is effective as of the 15^th day of December, 2003.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Chief Financial Officer


Attested:

/s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇ Managing Member


Attested:

/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Member, General Counsel

EXHIBIT 1 (AMENDED AS OF DECEMBER 15, 2003)

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust

Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.

Equity Series

Income Series

Lord ▇▇▇▇▇▇ Investment Trust

Balanced Series

Lord ▇▇▇▇▇▇ Core Fixed Income Fund

Lord ▇▇▇▇▇▇ High Yield Fund

Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund

Lord ▇▇▇▇▇▇ Total Return Fund

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund

Lord ▇▇▇▇▇▇ Convertible Fund

Lord ▇▇▇▇▇▇ Large-Cap Growth Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Research Fund, Inc.

Lord ▇▇▇▇▇▇ America’s Value Fund

Lord ▇▇▇▇▇▇ Growth Opportunities Fund

Large-Cap Series

Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust

Alpha Series

Lord ▇▇▇▇▇▇ All Value Fund

Lord ▇▇▇▇▇▇ International Opportunities Fund

Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund

Lord ▇▇▇▇▇▇ Micro-Cap Value Fund

Lord ▇▇▇▇▇▇ Large-Cap Value Fund

Lord ▇▇▇▇▇▇ International Core Equity Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.

All Value Portfolio

America’s Value Portfolio

Bond-Debenture Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Portfolio

Mid-Cap Value Portfolio

Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.

Lord ▇▇▇▇▇▇ California Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund

Lord ▇▇▇▇▇▇ National Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Tax-Free Income Trust

Florida Series

Georgia Series

Michigan Series

Pennsylvania Series

Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #4

AMENDMENT 4

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to amend Section 5. Compensation;


	1.	The first sentence of Section 5 is hereby amended to read as follows:

		For the services rendered, facilities furnished and expenses assumed by Lord ▇▇▇▇▇▇ under this Agreement, each Fund (other than Lord ▇▇▇▇▇▇ Securities Trust – Alpha Series and Lord ▇▇▇▇▇▇ Investment Trust – Balanced Series) will pay to Lord ▇▇▇▇▇▇ an annual administrative services fee, computed and payable monthly, at the annual rate of .04% of the value of the Fund’s average daily net assets.

	2.	The Agreement shall remain the same in all other respects.

	3.	The Amendment is effective with respect to the change in compensation relating to Lord ▇▇▇▇▇▇ Securities Trust – Alpha Series as of March 1, 2004 and relating to Lord ▇▇▇▇▇▇ Investment Trust – Balanced Series as of April 1, 2004.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Chief Financial Officer


Attested:

/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇ Managing Member


Attested:

/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Member, General Counsel

EXHIBIT 1 (AMENDED AS OF DECEMBER 15, 2003)

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust

Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.

Equity Series

Income Series

Lord ▇▇▇▇▇▇ Investment Trust

Balanced Series

Lord ▇▇▇▇▇▇ Core Fixed Income Fund

Lord ▇▇▇▇▇▇ High Yield Fund

Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund

Lord ▇▇▇▇▇▇ Total Return Fund

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund

Lord ▇▇▇▇▇▇ Convertible Fund

Lord ▇▇▇▇▇▇ Large-Cap Growth Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Research Fund, Inc.

Lord ▇▇▇▇▇▇ America’s Value Fund

Lord ▇▇▇▇▇▇ Growth Opportunities Fund

Large-Cap Series

Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust

Alpha Series

Lord ▇▇▇▇▇▇ All Value Fund

Lord ▇▇▇▇▇▇ International Opportunities Fund

Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund

Lord ▇▇▇▇▇▇ Micro-Cap Value Fund

Lord ▇▇▇▇▇▇ Large-Cap Value Fund

Lord ▇▇▇▇▇▇ International Core Equity Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.

All Value Portfolio

America’s Value Portfolio

Bond-Debenture Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Portfolio

Mid-Cap Value Portfolio

Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.

Lord ▇▇▇▇▇▇ California Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund

Lord ▇▇▇▇▇▇ National Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Tax-Free Income Trust

Florida Series

Georgia Series

Michigan Series

Pennsylvania Series

Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #5

AMENDMENT 5
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to amend Exhibit 2;


	1.	The first part of the first sentence of Exhibit 2 is hereby amended to read as follows:

		In accordance with section 2 of the Agreement, Lord ▇▇▇▇▇▇ will provide, or arrange to have provided, to each Fund all Administrative Services (to the extent that such services do not constitute advisory services provided to the Fund under the Investment Management Agreement) including the following Administrative Services for each Fund:

	2.	The Agreement shall remain the same in all other respects.

	3.	The Amendment is effective as of December 9, 2004.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


		On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

		By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
			▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
			Chief Financial Officer


	Attested:

	/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	Vice President & Assistant Secretary


		LORD, ▇▇▇▇▇▇ & CO. LLC

		By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇
			▇▇▇▇ ▇. ▇▇▇▇▇▇▇
			Member, General Counsel


	Attested:

	/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	Vice President & Assistant Secretary

EXHIBIT 1 (AMENDED AS OF DECEMBER 15, 2003)
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
	Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Large-Cap Series
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Mid-Cap Value Portfolio


Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Tax-Free Income Trust
	Florida Series
	Georgia Series
	Michigan Series
	Pennsylvania Series
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #6

AMENDMENT 6
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;


	1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:


	Lord ▇▇▇▇▇▇ Municipal Income Trust
	(formerly Lord ▇▇▇▇▇▇ Tax-Free Income Trust)
		-Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund


	2.	The Agreement shall remain the same in all other respects.

	3.	The Amendment is effective as of the 30^th day of December, 2004.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


		On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

		By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
			▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
			Chief Financial Officer


	Attested:

	/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	Vice President & Assistant Secretary


		LORD, ▇▇▇▇▇▇ & CO. LLC

		By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
			▇▇▇▇▇▇ ▇. ▇▇▇
			Managing Member


	Attested:

	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	Member, General Counsel

EXHIBIT 1 (AMENDED AS OF DECEMBER 30, 2004)
TO
ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
	Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Mid-Cap Value Portfolio


Lord ▇▇▇▇▇▇ Tax-Free Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Florida Series
	Georgia Series
	Michigan Series
	Pennsylvania Series
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #7

AMENDMENT 7
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;

1. The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

Lord ▇▇▇▇▇▇ Series Fund, Inc.
-Lord ▇▇▇▇▇▇ Large-Cap Core Portfolio

2. The Agreement shall remain the same in all other respects.

3. The Amendment is effective as of the 13^th day of April, 2005.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer

Attested:

/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President & Assistant Secretary

	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member

Attested:

/s/▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Member, Assistant General Counsel

EXHIBIT 1 (AMENDED AS OF APRIL 13, 2005)
TO
ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
	Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Mid-Cap Value Portfolio


	Large-Cap Core Portfolio

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Florida Series
	Georgia Series
	Michigan Series
	Pennsylvania Series
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #8

AMENDMENT 8
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;

1. The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

          Lord ▇▇▇▇▇▇ Investment Trust
                        -Lord ▇▇▇▇▇▇ Income Strategy Fund
                        -Lord ▇▇▇▇▇▇ World Growth & Income Strategy Fund

2. The first sentence of Section 5 is hereby amended to read as follows:

For the services rendered, facilities furnished and expenses assumed by Lord ▇▇▇▇▇▇ under this Agreement, each Fund (other than Lord ▇▇▇▇▇▇ Securities Trust – Alpha Series and Lord ▇▇▇▇▇▇ Investment Trust – Balanced Series, Lord ▇▇▇▇▇▇ Income Strategy Fund and Lord ▇▇▇▇▇▇ World Growth & Income Strategy Fund) will pay to Lord ▇▇▇▇▇▇ an annual administrative services fee, computed and payable monthly, at the annual rate of .04% of the value of the Fund’s average daily net assets.

3. The Agreement shall remain the same in all other respects.

4. The Amendment is effective as of the 29^th day of June, 2005.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer

Attested:

/s/▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President & Assistant Secretary

	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member

Attested:

/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF JUNE 29, 2005)
TO
ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
	Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Income Strategy Fund
	Lord ▇▇▇▇▇▇ World Growth & Income Strategy Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio


	Mid-Cap Value Portfolio
	Large-Cap Core Portfolio

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Florida Series
	Georgia Series
	Michigan Series
	Pennsylvania Series
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #9

AMENDMENT 9

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include an additional fund;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Securities Trust
		-Lord ▇▇▇▇▇▇ Value Opportunities Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 20^th day of December, 2005.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer


Attested:

/s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member


Attested:

/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF DECEMBER 20, 2005)
TO
ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
Lord ▇▇▇▇▇▇ Investment Trust
	Balanced Series
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
	Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Income Strategy Fund
	Lord ▇▇▇▇▇▇ World Growth & Income Strategy Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Alpha Series
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio


	Growth Opportunities Portfolio
	International Portfolio
	Mid-Cap Value Portfolio
	Large-Cap Core Portfolio

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Florida Series
	Georgia Series
	Michigan Series
	Pennsylvania Series
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #10

AMENDMENT 10

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include an additional fund;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Investment Trust
		-Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 29^th day of June, 2006.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer


Attested:

/s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member


Attested:

/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF June 29, 2006)
TO
ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Income Series
Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Strategy Fund
	Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
	Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Fund
	Lord ▇▇▇▇▇▇ World Growth & Income Strategy Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Florida Series
	Georgia Series
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
	Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund
	Michigan Series
	Pennsylvania Series


Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ Alpha Strategy Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Large-Cap Core Portfolio
	Mid-Cap Value Portfolio
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #11

AMENDMENT 11

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include an additional fund;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Investment Trust
		-Lord ▇▇▇▇▇▇ Floating Rate Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 14th day of December, 2007.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


		On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto


		By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
			▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Chief Financial Officer


Attested:

/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Vice President & Assistant Secretary


		LORD, ▇▇▇▇▇▇ & CO. LLC

		By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
			▇▇▇▇▇▇ ▇. ▇▇▇ Managing Member


Attested:

/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Member, General Counsel

EXHIBIT 1 (AMENDED AS OF December 14, 2007)

ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Lord ▇▇▇▇▇▇ Developing Local Markets Fund¹
Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund²
	Lord ▇▇▇▇▇▇ Floating Rate Fund
	Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund³
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Fund⁴
	Lord ▇▇▇▇▇▇ Short Duration Income Fund⁵
	Lord ▇▇▇▇▇▇ Total Return Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund⁶

¹ The Income Series has been renamed the Lord ▇▇▇▇▇▇ Developing Local Markets Fund.

²The Lord ▇▇▇▇▇▇ Income Strategy Fund has been renamed the Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund.

³ The Lord ▇▇▇▇▇▇ World Growth & Income Strategy Fund has been renamed the Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund.

⁴ Effective December 14, 2007, the U.S. Government & Government Sponsored Enterprises Fund will be renamed the Lord ▇▇▇▇▇▇ Income Fund.

⁵Effective December 14, 2007, the Lord ▇▇▇▇▇▇ Limited Duration U.S. Government & Government Sponsored Enterprises Fund will be renamed the Lord ▇▇▇▇▇▇ Short Duration Income Fund.


	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund⁶
	Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund⁶
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Florida Series⁶
	Georgia Series
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
	Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund⁷
	Michigan Series⁶
	Pennsylvania Series
Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ Alpha Strategy Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Large-Cap Core Portfolio
	Mid-Cap Value Portfolio
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

⁶ At a meeting held on December 7, 2007, shareholders of the Lord ▇▇▇▇▇▇ Minnesota Tax-Free Income Fund, Lord ▇▇▇▇▇▇ Texas Tax-Free Income Fund, Lord ▇▇▇▇▇▇ Washington Tax-Free Income Fund, Florida Series, and Michigan Series approved the reorganization of each Fund into Lord ▇▇▇▇▇▇ National Tax-Free Income Fund. The reorganizations are expected to be completed on December 14, 2007.

⁷The Lord ▇▇▇▇▇▇ Insured Intermediate Tax-Free Fund was renamed the Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund.


		Administrative Services Agreement - Amendment #12

AMENDMENT 12

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include an additional fund;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Securities Trust
		-Lord ▇▇▇▇▇▇ International Dividend Income Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 20th day of June, 2008.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


		On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto


		By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
			▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Chief Financial Officer


Attested:

/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Vice President & Assistant Secretary


		LORD, ▇▇▇▇▇▇ & CO. LLC

		By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
			▇▇▇▇▇▇ ▇. ▇▇▇ Managing Member


Attested:

/s/▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Member, General Counsel

EXHIBIT 1 (AMENDED AS OF JUNE 20, 2008) ¹

ADMINISTRATIVE SERVICES AGREEMENT


The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Equity Series
	Lord ▇▇▇▇▇▇ Developing Local Markets Fund
Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund
	Lord ▇▇▇▇▇▇ Floating Rate Fund
	Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Fund
	Lord ▇▇▇▇▇▇ Short Duration Income Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
Lord ▇▇▇▇▇▇ Large-Cap Growth Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund
Lord ▇▇▇▇▇▇ Municipal Income Trust
	Georgia Series
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
	Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund
	Pennsylvania Series

¹ As amended on June 20, 2008 to reflect the addition of the Lord ▇▇▇▇▇▇ International Dividend Income Fund, a series of Lord ▇▇▇▇▇▇ Securities Trust.


Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series
Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ Alpha Strategy Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ International Dividend Income Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund
Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Large-Cap Core Portfolio
	Mid-Cap Value Portfolio
Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement- Amendment #13

AMENDMENT 13
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include an additional fund;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Municipal Income Trust
		-Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 10th day of December, 2008.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer


Attested:

/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member


Attested:

/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF DECEMBER 10, 2008)¹
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Lord ▇▇▇▇▇▇ Global Allocation Fund
	Lord ▇▇▇▇▇▇ Developing Local Markets Fund

Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund
	Lord ▇▇▇▇▇▇ Floating Rate Fund
	Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Fund
	Lord ▇▇▇▇▇▇ Short Duration Income Fund
	Lord ▇▇▇▇▇▇ Total Return Fund

Lord ▇▇▇▇▇▇ Large-Cap Growth Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Municipal Income Trust
	Georgia Series
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
	Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund
	Pennsylvania Series



¹As amended on December 10, 2008 to reflect the addition of the Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund, a series of Lord ▇▇▇▇▇▇ Municipal Income Trust.


Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ America’s Value Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Core Fund
	Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ All Value Fund
	Lord ▇▇▇▇▇▇ Alpha Strategy Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ International Dividend Income Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.
	All Value Portfolio
	America’s Value Portfolio
	Bond-Debenture Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Portfolio
	Large-Cap Core Portfolio
	Mid-Cap Value Portfolio

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #14

AMENDMENT 14
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;



1.	The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Series Fund, Inc.
		-Developing Growth Portfolio;
		-International Core Equity Portfolio;
		-Total Return Portfolio;
		-Value Opportunities Portfolio.

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 1st day of May, 2010.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer


Attested:

/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member


Attested:

/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF MAY 1, 2010)¹
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Lord ▇▇▇▇▇▇ Global Allocation Fund
	Lord ▇▇▇▇▇▇ Developing Local Markets Fund

Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund
	Lord ▇▇▇▇▇▇ Floating Rate Fund
	Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Fund
	Lord ▇▇▇▇▇▇ Short Duration Income Fund
	Lord ▇▇▇▇▇▇ Total Return Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund



¹ As amended on May 1, 2010 to reflect (1) the addition of Lord ▇▇▇▇▇▇ Series Fund, Inc. – Developing Growth Portfolio, International Core Equity Portfolio, Total Return Portfolio and Value Opportunities Portfolio; (2) the name changes of Lord ▇▇▇▇▇▇ Series Fund, Inc. – Capital Structure Portfolio (formerly, America’s Value Portfolio), Classic Stock Portfolio (formerly, Large-Cap Core Portfolio), Fundamental Equity Portfolio (formerly, All Value Portfolio), and International Opportunities Portfolio (formerly, International Portfolio); and (3) the name changes of Lord ▇▇▇▇▇▇ Research Fund, Inc. – Lord ▇▇▇▇▇▇ Capital Structure Fund (formerly, Lord ▇▇▇▇▇▇ America’s Value Fund), Lord ▇▇▇▇▇▇ Classic Stock Fund (formerly, Lord ▇▇▇▇▇▇ Large-Cap Core Fund), and Lord ▇▇▇▇▇▇ Securities Trust – Lord ▇▇▇▇▇▇ Fundamental Equity Fund (formerly, Lord ▇▇▇▇▇▇ All Value Fund), and Lord ▇▇▇▇▇▇ Stock Appreciation Fund (formerly, Lord ▇▇▇▇▇▇ Large-Cap Growth Fund).


Lord ▇▇▇▇▇▇ Municipal Income Trust
	Georgia Series
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
	Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund
	Pennsylvania Series

Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ Capital Structure Fund (formerly, Lord ▇▇▇▇▇▇ America’s Value Fund)
	Lord ▇▇▇▇▇▇ Classic Stock Fund (formerly, Lord ▇▇▇▇▇▇ Large-Cap Core Fund)
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ Alpha Strategy Fund
	Lord ▇▇▇▇▇▇ Fundamental Equity Fund (formerly, Lord ▇▇▇▇▇▇ All Value Fund)
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ International Dividend Income Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.
	Bond-Debenture Portfolio
	Capital Structure Portfolio (formerly, America’s Value Portfolio)
	Classic Stock Portfolio (formerly, Large-Cap Core Portfolio)
	Developing Growth Portfolio
	Fundamental Equity Portfolio (formerly, All Value Portfolio)
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Core Portfolio
	International Opportunities Portfolio (formerly, International Portfolio)
	Mid-Cap Value Portfolio
	Total Return Portfolio
	Value Opportunities Portfolio

Lord ▇▇▇▇▇▇ Stock Appreciation Fund (formerly, Lord ▇▇▇▇▇▇ Large-Cap Growth Fund)

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #15

AMENDMENT 15
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;


1.	The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

	Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
		-Lord ▇▇▇▇▇▇ AMT Free Municipal Bond Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 26th day of October, 2010.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer


	Attested:

	/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
	▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
	Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member


	Attested:

	/s/▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	Member, General Counsel

EXHIBIT 1 (AMENDED AS OF OCTOBER 26, 2010)¹
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.
Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund
Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.
Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.
Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Lord ▇▇▇▇▇▇ Global Allocation Fund
	Lord ▇▇▇▇▇▇ Developing Local Markets Fund
Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund
	Lord ▇▇▇▇▇▇ Floating Rate Fund
	Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Fund
	Lord ▇▇▇▇▇▇ Short Duration Income Fund
	Lord ▇▇▇▇▇▇ Total Return Fund
Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.
Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ AMT Free Municipal Bond Fund
	Lord ▇▇▇▇▇▇ California Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ National Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund
	Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund



¹ As amended on October 26, 2010 to reflect the addition of Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc. – Lord ▇▇▇▇▇▇ AMT Free Municipal Bond Fund.


Lord ▇▇▇▇▇▇ Municipal Income Trust
	Georgia Series
	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
	Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund
	Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund
	Pennsylvania Series

Lord ▇▇▇▇▇▇ Research Fund, Inc.
	Lord ▇▇▇▇▇▇ Capital Structure Fund
	Lord ▇▇▇▇▇▇ Classic Stock Fund
	Lord ▇▇▇▇▇▇ Growth Opportunities Fund
	Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust
	Lord ▇▇▇▇▇▇ Alpha Strategy Fund
	Lord ▇▇▇▇▇▇ Fundamental Equity Fund
	Lord ▇▇▇▇▇▇ International Core Equity Fund
	Lord ▇▇▇▇▇▇ International Dividend Income Fund
	Lord ▇▇▇▇▇▇ International Opportunities Fund
	Lord ▇▇▇▇▇▇ Large-Cap Value Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund
	Lord ▇▇▇▇▇▇ Micro-Cap Value Fund
	Lord ▇▇▇▇▇▇ Value Opportunities Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.
	Bond-Debenture Portfolio
	Capital Structure Portfolio
	Classic Stock Portfolio
	Developing Growth Portfolio
	Fundamental Equity Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Core Equity Portfolio
	International Opportunities Portfolio
	Mid-Cap Value Portfolio
	Total Return Portfolio
	Value Opportunities Portfolio

Lord ▇▇▇▇▇▇ Stock Appreciation Fund

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #16

AMENDMENT 16
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to remove funds; and

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;


1.	The Agreement is hereby amended to remove the following funds from Exhibit 1 of the Agreement
		Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
		-	Lord ▇▇▇▇▇▇ Connecticut Tax-Free Income Fund
		-	Lord ▇▇▇▇▇▇ Hawaii Tax-Free Income Fund
		-	Lord ▇▇▇▇▇▇ Missouri Tax-Free Income Fund
		Lord ▇▇▇▇▇▇ Municipal Income Trust
		-	Georgia Series
		-	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
		-	Lord ▇▇▇▇▇▇ Intermediate Tax-Free Fund
		-	Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund
		-	Pennsylvania Series

2.	The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

		Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
		-	Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund
		-	Lord ▇▇▇▇▇▇ Intermediate Tax Free Fund
		-	Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund


	3.	The Agreement shall remain the same in all other respects.

	4.	The Amendment is effective as of the 19^th day of November, 2010.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto

	By:	/s/▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Chief Financial Officer


	Attested:

	/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
	▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
	Vice President & Assistant Secretary


	LORD, ▇▇▇▇▇▇ & CO. LLC

	By:	/s/▇▇▇▇▇▇ ▇. ▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇
		Managing Member


	Attested:

	/s/▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
	Member, General Counsel

EXHIBIT 1 (AMENDED AS OF NOVEMBER 19, 2010)¹
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:


Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust
	Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.
	Lord ▇▇▇▇▇▇ Global Allocation Fund
	Lord ▇▇▇▇▇▇ Developing Local Markets Fund

Lord ▇▇▇▇▇▇ Investment Trust
	Lord ▇▇▇▇▇▇ Balanced Strategy Fund
	Lord ▇▇▇▇▇▇ Convertible Fund
	Lord ▇▇▇▇▇▇ Core Fixed Income Fund
	Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund
	Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund
	Lord ▇▇▇▇▇▇ Floating Rate Fund
	Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund
	Lord ▇▇▇▇▇▇ High Yield Fund
	Lord ▇▇▇▇▇▇ Income Fund
	Lord ▇▇▇▇▇▇ Short Duration Income Fund
	Lord ▇▇▇▇▇▇ Total Return Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.
	Lord ▇▇▇▇▇▇ AMT Free Municipal Bond Fund
	Lord Abbett California Tax-Free Income Fund
	Lord Abbett High Yield Municipal Bond Fund
	Lord Abbett Intermediate Tax Free Fund
	Lord Abbett National Tax-Free Income Fund
	Lord Abbett New Jersey Tax-Free Income Fund
	Lord Abbett New York Tax-Free Income Fund
	Lord Abbett Short Duration Tax Free Fund



¹ As amended on November 19, 2010 to reflect (1) the Reorganization of each of Lord Abbett Connecticut Tax-Free Income Fund, Georgia Series, Lord Abbett Hawaii Tax-Free Income Fund, Lord Abbett Missouri Tax-Free Income Fund, and Pennsylvania Series into Lord Abbett National Tax-Free Income Fund; and (2) the Redomestication of each of Lord Abbett High Yield Municipal Bond Fund, Lord Abbett Intermediate Tax-Free Fund, and Lord Abbett Short Duration Tax Free Fund, as a series of Lord Abbett Municipal Income Fund, Inc.


Lord Abbett Research Fund, Inc.
	Lord Abbett Capital Structure Fund
	Lord Abbett Classic Stock Fund
	Lord Abbett Growth Opportunities Fund
	Small-Cap Value Series

Lord Abbett Securities Trust

	Lord Abbett Alpha Strategy Fund
	Lord Abbett Fundamental Equity Fund
	Lord Abbett International Core Equity Fund
	Lord Abbett International Dividend Income Fund
	Lord Abbett International Opportunities Fund
	Lord Abbett Large-Cap Value Fund
	Lord Abbett Micro-Cap Growth Fund
	Lord Abbett Micro-Cap Value Fund
	Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.

	Bond-Debenture Portfolio
	Capital Structure Portfolio
	Classic Stock Portfolio
	Developing Growth Portfolio
	Fundamental Equity Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Core Equity Portfolio
	International Opportunities Portfolio
	Mid-Cap Value Portfolio
	Total Return Portfolio
	Value Opportunities Portfolio

Lord Abbett Stock Appreciation Fund

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #17

AMENDMENT 17
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord Abbett Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Investment Companies named on Exhibit 1 and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, Section 9 of the Agreement provides for the addition to the Agreement of new funds created in the Lord Abbett Family of Funds where such funds wish to engage Lord Abbett to perform Administrative Services under the Agreement; and

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include additional funds;


1.	The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

	Lord Abbett Investment Trust
		-Lord Abbett Inflation Focused Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 20th day of April, 2011.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 Attached hereto

	By:	/s/Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

Attested:

/s/Thomas R. Phillips
Thomas R. Phillips
Vice President & Assistant Secretary

	LORD, ABBETT & CO. LLC

	By:	/s/Robert S. Dow
		Robert S. Dow
		Managing Member

Attested:

/s/Lawrence H. Kaplan
Lawrence H. Kaplan
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF APRIL 20, 2011) ¹
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:


Lord Abbett Affiliated Fund, Inc.

Lord Abbett Blend Trust
	Lord Abbett Small-Cap Blend Fund

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Global Fund, Inc.
	Lord Abbett Emerging Markets Currency Fund
	Lord Abbett Global Allocation Fund

Lord Abbett Investment Trust
	Lord Abbett Balanced Strategy Fund
	Lord Abbett Convertible Fund
	Lord Abbett Core Fixed Income Fund
	Lord Abbett Diversified Equity Strategy Fund
	Lord Abbett Diversified Income Strategy Fund
	Lord Abbett Floating Rate Fund
	Lord Abbett Growth & Income Strategy Fund
	Lord Abbett High Yield Fund
	Lord Abbett Income Fund
	Lord Abbett Inflation Focused Fund
	Lord Abbett Short Duration Income Fund
	Lord Abbett Total Return Fund

Lord Abbett Mid-Cap Value Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.
	Lord Abbett AMT Free Municipal Bond Fund
	Lord Abbett California Tax-Free Income Fund
	Lord Abbett High Yield Municipal Bond Fund
	Lord Abbett Intermediate Tax Free Fund
	Lord Abbett National Tax-Free Income Fund
	Lord Abbett New Jersey Tax-Free Income Fund
	Lord Abbett New York Tax-Free Income Fund
	Lord Abbett Short Duration Tax Free Fund




¹ As amended on April 20, 2011 to reflect (1) the addition of Lord Abbett Investment Trust, Inc. – Lord Abbett Inflation Focused Fund; and (2) the name change of Lord Abbett Global Fund, Inc. – Lord Abbett Emerging Markets Currency Fund (formerly, Lord Abbett Developing Local Markets Fund).


Lord Abbett Research Fund, Inc.
	Lord Abbett Capital Structure Fund
	Lord Abbett Classic Stock Fund
	Lord Abbett Growth Opportunities Fund
	Small-Cap Value Series

Lord Abbett Securities Trust
	Lord Abbett Alpha Strategy Fund
	Lord Abbett Fundamental Equity Fund
	Lord Abbett International Core Equity Fund
	Lord Abbett International Dividend Income Fund
	Lord Abbett International Opportunities Fund
	Lord Abbett Large-Cap Value Fund
	Lord Abbett Micro-Cap Growth Fund
	Lord Abbett Micro-Cap Value Fund
	Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.
	Bond-Debenture Portfolio
	Capital Structure Portfolio
	Classic Stock Portfolio
	Developing Growth Portfolio
	Fundamental Equity Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Core Equity Portfolio
	International Opportunities Portfolio
	Mid-Cap Value Portfolio
	Total Return Portfolio
	Value Opportunities Portfolio

Lord Abbett Stock Appreciation Fund

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #18

AMENDMENT 18
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord Abbett Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord Abbett Securities Trust
		-Lord Abbett Growth Leaders Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 15th day of June 2011.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 Attached hereto

	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

Attested:

/s/ Thomas R. Phillips
Thomas R. Phillips
Vice President & Assistant Secretary

	LORD, ABBETT & CO. LLC

	By:	/s/ Robert S. Dow
		Robert S. Dow
		Managing Member

Attested:

/s/ Lawrence H. Kaplan
Lawrence H. Kaplan
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF JUNE 15, 2011) ¹TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:


Lord Abbett Affiliated Fund, Inc.

Lord Abbett Blend Trust
	Lord Abbett Small-Cap Blend Fund

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Global Fund, Inc.
	Lord Abbett Emerging Markets Currency Fund
	Lord Abbett Global Allocation Fund

Lord Abbett Investment Trust
	Lord Abbett Balanced Strategy Fund
	Lord Abbett Convertible Fund
	Lord Abbett Core Fixed Income Fund
	Lord Abbett Diversified Equity Strategy Fund
	Lord Abbett Diversified Income Strategy Fund
	Lord Abbett Floating Rate Fund
	Lord Abbett Growth & Income Strategy Fund
	Lord Abbett High Yield Fund
	Lord Abbett Income Fund
	Lord Abbett Inflation Focused Fund
	Lord Abbett Short Duration Income Fund
	Lord Abbett Total Return Fund

Lord Abbett Mid-Cap Value Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.
	Lord Abbett AMT Free Municipal Bond Fund
	Lord Abbett California Tax-Free Income Fund
	Lord Abbett High Yield Municipal Bond Fund
	Lord Abbett Intermediate Tax Free Fund
	Lord Abbett National Tax-Free Income Fund
	Lord Abbett New Jersey Tax-Free Income Fund
	Lord Abbett New York Tax-Free Income Fund
	Lord Abbett Short Duration Tax Free Fund




¹ As amended on June 15, 2011 to reflect the addition of Lord Abbett Securities Trust – Lord Abbett Growth Leaders Fund.


Lord Abbett Research Fund, Inc.
	Lord Abbett Capital Structure Fund
	Lord Abbett Classic Stock Fund
	Lord Abbett Growth Opportunities Fund
	Small-Cap Value Series

Lord Abbett Securities Trust
	Lord Abbett Alpha Strategy Fund
	Lord Abbett Fundamental Equity Fund
	Lord Abbett Growth Leaders Fund
	Lord Abbett International Core Equity Fund
	Lord Abbett International Dividend Income Fund
	Lord Abbett International Opportunities Fund
	Lord Abbett Large-Cap Value Fund
	Lord Abbett Micro-Cap Growth Fund
	Lord Abbett Micro-Cap Value Fund
	Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.
	Bond-Debenture Portfolio
	Capital Structure Portfolio
	Classic Stock Portfolio
	Developing Growth Portfolio
	Fundamental Equity Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Core Equity Portfolio
	International Opportunities Portfolio
	Mid-Cap Value Portfolio
	Total Return Portfolio
	Value Opportunities Portfolio

Lord Abbett Stock Appreciation Fund

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #19

AMENDMENT 19

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The Investment Companies comprising the Lord Abbett Family of Funds

(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1

and

Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;

NOW, THEREFORE, in consideration of the mutual covenants and of other good and valuable consideration, receipt of which is hereby acknowledged, the parties mutually agree to amend the Agreement in the following respects:


1.	The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

	Lord Abbett Equity Trust¹
		-Lord Abbett Calibrated Large Cap Value Fund
		-Lord Abbett Calibrated Mid Cap Value Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 15th day of December 2011.



¹Effective August 1, 2011, Lord Abbett Blend Trust changed its name to Lord Abbett Equity Trust.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 Attached hereto

	By:	/s/Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

Attested:

/s/Thomas R. Phillips
Thomas R. Phillips
Vice President & Assistant Secretary

	LORD, ABBETT & CO. LLC

	By:	/s/Robert S. Dow
		Robert S. Dow
		Managing Member

Attested:

/s/Lawrence H. Kaplan
Lawrence H. Kaplan
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF December 15, 2011) ²
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:

Lord Abbett Affiliated Fund, Inc.

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Equity Trust

Lord Abbett Calibrated Large Cap Value Fund

Lord Abbett Calibrated Mid Cap Value Fund

Lord Abbett Small-Cap Blend Fund

Lord Abbett Global Fund, Inc.

Lord Abbett Emerging Markets Currency Fund

Lord Abbett Global Allocation Fund

Lord Abbett Investment Trust

Lord Abbett Balanced Strategy Fund

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Diversified Equity Strategy Fund

Lord Abbett Diversified Income Strategy Fund

Lord Abbett Floating Rate Fund

Lord Abbett Growth & Income Strategy Fund

Lord Abbett High Yield Fund

Lord Abbett Income Fund

Lord Abbett Inflation Focused Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Mid-Cap Value Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.

Lord Abbett AMT Free Municipal Bond Fund

Lord Abbett California Tax-Free Income Fund

Lord Abbett High Yield Municipal Bond Fund

Lord Abbett Intermediate Tax Free Fund

Lord Abbett National Tax-Free Income Fund

Lord Abbett New Jersey Tax-Free Income Fund

Lord Abbett New York Tax-Free Income Fund

² As amended to reflect: (1) effective August 1, 2011, Lord Abbett Blend Trust changed its name to Lord Abbett Equity Trust; and (2) the addition of Lord Abbett Calibrated Large Cap Value Fund and Lord Abbett Calibrated Mid Cap Value Fund, each a series of Lord Abbett Equity Trust, as of December 15, 2011.

Lord Abbett Short Duration Tax Free Fund

Lord Abbett Research Fund, Inc.

Lord Abbett Capital Structure Fund

Lord Abbett Classic Stock Fund

Lord Abbett Growth Opportunities Fund

Small-Cap Value Series

Lord Abbett Securities Trust

Lord Abbett Alpha Strategy Fund

Lord Abbett Fundamental Equity Fund

Lord Abbett Growth Leaders Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Dividend Income Fund

Lord Abbett International Opportunities Fund

Lord Abbett Large-Cap Value Fund

Lord Abbett Micro-Cap Growth Fund

Lord Abbett Micro-Cap Value Fund

Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.

Bond-Debenture Portfolio

Capital Structure Portfolio

Classic Stock Portfolio

Developing Growth Portfolio

Fundamental Equity Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Core Equity Portfolio

International Opportunities Portfolio

Mid-Cap Value Portfolio

Total Return Portfolio

Value Opportunities Portfolio

Lord Abbett Stock Appreciation Fund

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

Administrative Services Agreement - Amendment #20

AMENDMENT 20
to the
ADMINISTRATIVE SERVICES AGREEMENT
among
The Investment Companies comprising the Lord Abbett Family of Funds
(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1
and
Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;


1.	The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

	Lord Abbett Global Fund, Inc.

		-Lord Abbett Emerging Markets Local Bond Fund

2.	The Agreement shall remain the same in all other respects.

3.	The Amendment is effective as of the 1^st day of May 2013.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.


	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 Attached hereto

	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer


Attested:

/s/ Thomas R. Phillips
Thomas R. Phillips
Vice President & Assistant Secretary


	LORD, ABBETT & CO. LLC

	By:	/s/ Daria L. Foster
		Daria L. Foster
		Managing Member


Attested:

/s/ Lawrence H. Kaplan
Lawrence H. Kaplan
Member, General Counsel

EXHIBIT 1 (AMENDED AS OF MAY 1, 2013)¹
TO
ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:


Lord Abbett Affiliated Fund, Inc.

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Equity Trust
	Lord Abbett Calibrated Large Cap Value Fund
	Lord Abbett Calibrated Mid Cap Value Fund
	Lord Abbett Small-Cap Blend Fund

Lord Abbett Global Fund, Inc.
	Lord Abbett Emerging Markets Currency Fund
	Lord Abbett Emerging Markets Local Bond Fund
	Lord Abbett Global Allocation Fund

Lord Abbett Investment Trust
	Lord Abbett Balanced Strategy Fund
	Lord Abbett Convertible Fund
	Lord Abbett Core Fixed Income Fund
	Lord Abbett Diversified Equity Strategy Fund
	Lord Abbett Diversified Income Strategy Fund
	Lord Abbett Floating Rate Fund
	Lord Abbett Growth & Income Strategy Fund
	Lord Abbett High Yield Fund
	Lord Abbett Income Fund
	Lord Abbett Inflation Focused Fund
	Lord Abbett Short Duration Income Fund
	Lord Abbett Total Return Fund

Lord Abbett Mid Cap Stock Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.
	Lord Abbett AMT Free Municipal Bond Fund
	Lord Abbett California Tax-Free Income Fund
	Lord Abbett High Yield Municipal Bond Fund
	Lord Abbett Intermediate Tax Free Fund
	Lord Abbett National Tax-Free Income Fund
	Lord Abbett New Jersey Tax-Free Income Fund



¹ As amended to reflect: (1) effective March 31, 2012, Lord Abbett Mid-Cap Value Fund changed its name to Lord Abbett Mid Cap Stock Fund; (2) effective May 1, 2012, Lord Abbett Mid-Cap Value Portfolio changed its name to Lord Abbett Mid Cap Stock Portfolio; (3) effective September 27, 2012, Lord Abbett Capital Structure Fund changed its name to Lord Abbett Calibrated Dividend Growth Fund, a series of Lord Abbett Research Fund, Inc.; (4) effective September 27, 2012, Capital Structure Portfolio changed its name to Calibrated Dividend Growth Portfolio, a series of Lord Abbett Series Fund, Inc.; (5) effective June 15, 2012, the Reorganization of Lord Abbett Large-Cap Value Fund into Lord Abbett Fundamental Equity Fund, each a series of Securities Trust; (6) effective March 22, 2013, the Reorganization of Lord Abbett Stock Appreciation Fund into Lord Abbett Growth Leaders Fund, a series of Lord Abbett Securities Trust; and (7) effective May 1, 2013, the addition of Lord Abbett Emerging Markets Local Bond Fund as a series of Lord Abbett Global Fund, Inc.


	Lord Abbett New York Tax-Free Income Fund
	Lord Abbett Short Duration Tax Free Fund

Lord Abbett Research Fund, Inc.
	Lord Abbett Calibrated Dividend Growth Fund
	Lord Abbett Classic Stock Fund
	Lord Abbett Growth Opportunities Fund
	Small-Cap Value Series

Lord Abbett Securities Trust
	Lord Abbett Alpha Strategy Fund
	Lord Abbett Fundamental Equity Fund
	Lord Abbett Growth Leaders Fund
	Lord Abbett International Core Equity Fund
	Lord Abbett International Dividend Income Fund
	Lord Abbett International Opportunities Fund
	Lord Abbett Micro-Cap Growth Fund
	Lord Abbett Micro-Cap Value Fund
	Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.
	Bond-Debenture Portfolio
	Calibrated Dividend Growth Portfolio
	Classic Stock Portfolio
	Developing Growth Portfolio
	Fundamental Equity Portfolio
	Growth and Income Portfolio
	Growth Opportunities Portfolio
	International Core Equity Portfolio
	International Opportunities Portfolio
	Mid Cap Stock Portfolio
	Total Return Portfolio
	Value Opportunities Portfolio

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

Administrative Services Agreement - Amendment #21

AMENDMENT 21

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The Investment Companies comprising the Lord Abbett Family of Funds

(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1

and

Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;

	1.	The Agreement is hereby amended to add the following Fund to Exhibit 1 of the Agreement:

		Lord Abbett Global Fund, Inc.
		-Lord Abbett Emerging Markets Corporate Debt Fund

	2.	The Agreement shall remain the same in all other respects.

	3.	The Amendment is effective as of the 28^th day of October 2013.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.

	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 Attached hereto

	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

	Attested:

	/s/ Thomas R. Phillips
	Thomas R. Phillips
	Vice President & Assistant Secretary

	LORD, ABBETT & CO. LLC

	By:	/s/ Daria L. Foster
		Daria L. Foster
		Managing Member

	Attested:

	/s/ Lawrence H. Kaplan
	Lawrence H. Kaplan
	Member, General Counsel

EXHIBIT 1 (AMENDED AS OF OCTOBER 28, 2013)¹

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:

Lord Abbett Affiliated Fund, Inc.

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Equity Trust

Lord Abbett Calibrated Large Cap Value Fund

Lord Abbett Calibrated Mid Cap Value Fund

Lord Abbett Global Fund, Inc.

Lord Abbett Emerging Markets Corporate Debt Fund

Lord Abbett Emerging Markets Currency Fund

Lord Abbett Emerging Markets Local Bond Fund

Lord Abbett Global Allocation Fund

Lord Abbett Investment Trust

Lord Abbett Balanced Strategy Fund

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Diversified Equity Strategy Fund

Lord Abbett Diversified Income Strategy Fund

Lord Abbett Floating Rate Fund

Lord Abbett Growth & Income Strategy Fund

Lord Abbett High Yield Fund

Lord Abbett Income Fund

Lord Abbett Inflation Focused Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Mid Cap Stock Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.

Lord Abbett AMT Free Municipal Bond Fund

Lord Abbett California Tax-Free Income Fund

Lord Abbett High Yield Municipal Bond Fund

Lord Abbett Intermediate Tax Free Fund

Lord Abbett National Tax-Free Income Fund

Lord Abbett New Jersey Tax-Free Income Fund

Lord Abbett New York Tax-Free Income Fund

Lord Abbett Short Duration Tax Free Fund

¹ As amended to reflect: (1) effective July 19, 2013, the Reorganization of Lord Abbett Small Cap Blend Fund, a series of Lord Abbett Equity Trust, into Lord Abbett Value Opportunities Fund, a series of Lord Abbett Securities Trust; and (2) effective October 28, 2013, the addition of Lord Abbett Emerging Markets Corporate Debt Fund as a series of Lord Abbett Global Fund, Inc.

Lord Abbett Research Fund, Inc.

Lord Abbett Calibrated Dividend Growth Fund

Lord Abbett Classic Stock Fund

Lord Abbett Growth Opportunities Fund

Small-Cap Value Series

Lord Abbett Securities Trust

Lord Abbett Alpha Strategy Fund

Lord Abbett Fundamental Equity Fund

Lord Abbett Growth Leaders Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Dividend Income Fund

Lord Abbett International Opportunities Fund

Lord Abbett Micro-Cap Growth Fund

Lord Abbett Micro-Cap Value Fund

Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.

Bond-Debenture Portfolio

Calibrated Dividend Growth Portfolio

Classic Stock Portfolio

Developing Growth Portfolio

Fundamental Equity Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Core Equity Portfolio

International Opportunities Portfolio

Mid Cap Stock Portfolio

Total Return Portfolio

Value Opportunities Portfolio

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

Administrative Services Agreement - Amendment #22

AMENDMENT 22

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The Investment Companies comprising the Lord Abbett Family of Funds

(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1

and

Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;

The Agreement is hereby amended to add the following Fund to Exhibit 1 of the Agreement:

Lord Abbett Series Fund, Inc.

-Short Duration Income Portfolio

The Agreement shall remain the same in all other respects.

The Amendment is effective as of the 14^th day of April 2014.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.

	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 Attached hereto

	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

Attested:

/s/ Thomas R. Phillips
Thomas R. Phillips
Vice President and Assistant Secretary

	LORD, ABBETT & CO. LLC

	By:	/s/ Daria L. Foster
		Daria L. Foster
		Managing Member

Attested:

/s/ Lawrence H. Kaplan
Lawrence H. Kaplan
Member and General Counsel

EXHIBIT 1 (AMENDED AS OF APRIL 14, 2014)¹

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:

Lord Abbett Affiliated Fund, Inc.

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Equity Trust

Lord Abbett Calibrated Large Cap Value Fund

Lord Abbett Calibrated Mid Cap Value Fund

Lord Abbett Global Fund, Inc.

Lord Abbett Emerging Markets Corporate Debt Fund

Lord Abbett Emerging Markets Currency Fund

Lord Abbett Emerging Markets Local Bond Fund

Lord Abbett Multi-Asset Global Opportunity Fund

Lord Abbett Investment Trust

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Diversified Equity Strategy Fund

Lord Abbett Floating Rate Fund

Lord Abbett High Yield Fund

Lord Abbett Inflation Focused Fund

Lord Abbett Multi-Asset Balanced Opportunity Fund

Lord Abbett Multi-Asset Growth Fund

Lord Abbett Multi-Asset Income Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Mid Cap Stock Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.

Lord Abbett AMT Free Municipal Bond Fund

Lord Abbett California Tax-Free Income Fund

Lord Abbett High Yield Municipal Bond Fund

Lord Abbett Intermediate Tax Free Fund

Lord Abbett National Tax-Free Income Fund

Lord Abbett New Jersey Tax-Free Income Fund

Lord Abbett New York Tax-Free Income Fund

Lord Abbett Short Duration Tax Free Fund

¹ As amended to reflect that (1) effective November 7, 2013, the Reorganization of Lord Abbett Classic Stock Fund, a series of Lord Abbett Research Fund, Inc., into Lord Abbett Calibrated Dividend Growth Fund, a series of Lord Abbett Research Fund, Inc.; (2) effective November 29, 2013, Lord Abbett Global Allocation Fund changed its name to Lord Abbett Multi-Asset Global Opportunity Fund; (3) effective December 1, 2013, Lord Abbett Balanced Strategy Fund changed its name to Lord Abbett Multi-Asset Balanced Opportunity Fund; Lord Abbett Diversified Income Strategy Fund changed its name to Lord Abbett Multi-Asset Income Fund; and Lord Abbett Growth & Income Strategy Fund changed its name to Lord Abbett Multi-Asset Growth Fund; and (4) effective April 14, 2014, the addition of Short Duration Income Portfolio as a series of Lord Abbett Series Fund, Inc.

Lord Abbett Research Fund, Inc.

Lord Abbett Calibrated Dividend Growth Fund

Lord Abbett Growth Opportunities Fund

Small-Cap Value Series

Lord Abbett Securities Trust

Lord Abbett Alpha Strategy Fund

Lord Abbett Fundamental Equity Fund

Lord Abbett Growth Leaders Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Dividend Income Fund

Lord Abbett International Opportunities Fund

Lord Abbett Micro-Cap Growth Fund

Lord Abbett Micro-Cap Value Fund

Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.

Bond-Debenture Portfolio

Calibrated Dividend Growth Portfolio

Classic Stock Portfolio

Developing Growth Portfolio

Fundamental Equity Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Core Equity Portfolio

International Opportunities Portfolio

Mid Cap Stock Portfolio

Short Duration Income Portfolio

Total Return Portfolio

Value Opportunities Portfolio

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.


		Administrative Services Agreement - Amendment #23

AMENDMENT 23

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The Investment Companies comprising the Lord Abbett Family of Funds

(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1

and

Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;

The Agreement is hereby amended to add the following Fund to Exhibit 1 of the Agreement:

Lord Abbett Municipal Income Fund, Inc.

- Lord Abbett Short Duration High Yield Municipal Bond Fund

The Agreement shall remain the same in all other respects.

The Amendment is effective as of the 15^th day of May 2015.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.

On behalf of each of the Lord Abbett Funds listed on Exhibit 1 attached hereto

	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

	Attested:

	/s/ Brooke A. Fapohunda
	Brooke A. Fapohunda
	Vice President and Assistant Secretary

LORD, ABBETT & CO. LLC

	By:	/s/ Daria L. Foster
		Daria L. Foster
		Managing Member

	Attested:

	/s/ Lawrence H. Kaplan
	Lawrence H. Kaplan
	Member and General Counsel

EXHIBIT 1 (AMENDED AS OF May 15, 2015¹)

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:

Lord Abbett Affiliated Fund, Inc.

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Equity Trust

Lord Abbett Calibrated Large Cap Value Fund

Lord Abbett Calibrated Mid Cap Value Fund

Lord Abbett Global Fund, Inc.

Lord Abbett Emerging Markets Corporate Debt Fund

Lord Abbett Emerging Markets Currency Fund

Lord Abbett Emerging Markets Local Bond Fund

Lord Abbett Multi-Asset Global Opportunity Fund

Lord Abbett Investment Trust

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Diversified Equity Strategy Fund

Lord Abbett Floating Rate Fund

Lord Abbett High Yield Fund

Lord Abbett Income Fund

Lord Abbett Inflation Focused Fund

Lord Abbett Multi-Asset Balanced Opportunity Fund

Lord Abbett Multi-Asset Growth Fund

Lord Abbett Multi-Asset Income Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Mid Cap Stock Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.

Lord Abbett AMT Free Municipal Bond Fund

Lord Abbett California Tax-Free Income Fund

Lord Abbett High Yield Municipal Bond Fund

Lord Abbett Intermediate Tax Free Fund

Lord Abbett National Tax-Free Income Fund

Lord Abbett New Jersey Tax-Free Income Fund

Lord Abbett New York Tax-Free Income Fund

Lord Abbett Short Duration High Yield Municipal Bond Fund

Lord Abbett Short Duration Tax Free Fund

Lord Abbett Research Fund, Inc.

¹As amended on May 15, 2015 to reflect the addition of Lord Abbett Short Duration High Yield Municipal Bond Fund, a series of Lord Abbett Municipal Income Fund, Inc.

Lord Abbett Calibrated Dividend Growth Fund

Lord Abbett Growth Opportunities Fund

Small-Cap Value Series

Lord Abbett Securities Trust

Lord Abbett Alpha Strategy Fund

Lord Abbett Fundamental Equity Fund

Lord Abbett Growth Leaders Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Dividend Income Fund

Lord Abbett International Opportunities Fund

Lord Abbett Micro-Cap Growth Fund

Lord Abbett Micro-Cap Value Fund

Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.

Bond-Debenture Portfolio

Calibrated Dividend Growth Portfolio

Classic Stock Portfolio

Developing Growth Portfolio

Fundamental Equity Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Core Equity Portfolio

International Opportunities Portfolio

Mid Cap Stock Portfolio

Short Duration Income Portfolio

Total Return Portfolio

Value Opportunities Portfolio

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

Administrative Services Agreement - Amendment #24

AMENDMENT 24

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The funds comprising the Lord Abbett Family of Funds

(each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1

and

Lord, Abbett & Co. LLC (“Lord Abbett”)

WHEREAS, the Funds and Lord Abbett entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, the Funds and Lord Abbett desire to further amend the Agreement to include such additional funds;

The Agreement is hereby amended to add the following fund to Exhibit 1 of the Agreement:

Lord Abbett Investment Trust

- Lord Abbett Core Plus Bond Fund

The Agreement shall remain the same in all other respects.

The Amendment is effective as of the 1^stday of December 2015.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.

	On behalf of each of the Lord Abbett Funds listed on Exhibit 1 attached hereto

	By:	/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer

Attested:

/s/ Brooke A. Fapohunda
Brooke A. Fapohunda
Vice President and Assistant Secretary

	LORD, ABBETT & CO. LLC

	By:	/s/ Daria L. Foster
		Daria L. Foster
		Managing Member

Attested:

/s/ Lawrence H. Kaplan
Lawrence H. Kaplan
Member and General Counsel

EXHIBIT 1 (AMENDED AS OF December 1, 2015)

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord Abbett Family of Funds:

Lord Abbett Affiliated Fund, Inc.

Lord Abbett Bond-Debenture Fund, Inc.

Lord Abbett Developing Growth Fund, Inc.

Lord Abbett Equity Trust

Lord Abbett Calibrated Large Cap Value Fund

Lord Abbett Calibrated Mid Cap Value Fund

Lord Abbett Global Fund, Inc.

Lord Abbett Emerging Markets Corporate Debt Fund

Lord Abbett Emerging Markets Currency Fund

Lord Abbett Emerging Markets Local Bond Fund

Lord Abbett Multi-Asset Global Opportunity Fund

Lord Abbett Investment Trust

Lord Abbett Convertible Fund

Lord Abbett Core Fixed Income Fund

Lord Abbett Core Plus Bond Fund⁽¹⁾

Lord Abbett Diversified Equity Strategy Fund

Lord Abbett Floating Rate Fund

Lord Abbett High Yield Fund

Lord Abbett Income Fund

Lord Abbett Inflation Focused Fund

Lord Abbett Multi-Asset Balanced Opportunity Fund

Lord Abbett Multi-Asset Growth Fund

Lord Abbett Multi-Asset Income Fund

Lord Abbett Short Duration Income Fund

Lord Abbett Total Return Fund

Lord Abbett Mid Cap Stock Fund, Inc.

Lord Abbett Municipal Income Fund, Inc.

Lord Abbett AMT Free Municipal Bond Fund

Lord Abbett California Tax-Free Income Fund

Lord Abbett High Yield Municipal Bond Fund

Lord Abbett Intermediate Tax Free Fund

Lord Abbett National Tax-Free Income Fund

Lord Abbett New Jersey Tax-Free Income Fund

Lord Abbett New York Tax-Free Income Fund

Lord Abbett Short Duration High Yield Municipal Bond Fund

Lord Abbett Short Duration Tax Free Fund

¹ As amended on December 1, 2015 to reflect the addition of Lord Abbett Core Plus Bond Fund, a series of Lord Abbett Investment Trust.

Lord Abbett Research Fund, Inc.

Lord Abbett Calibrated Dividend Growth Fund

Lord Abbett Growth Opportunities Fund

Small-Cap Value Series

Lord Abbett Securities Trust

Lord Abbett Alpha Strategy Fund

Lord Abbett Fundamental Equity Fund

Lord Abbett Growth Leaders Fund

Lord Abbett International Core Equity Fund

Lord Abbett International Dividend Income Fund

Lord Abbett International Opportunities Fund

Lord Abbett Micro-Cap Growth Fund

Lord Abbett Micro-Cap Value Fund

Lord Abbett Value Opportunities Fund

Lord Abbett Series Fund, Inc.

Bond-Debenture Portfolio

Calibrated Dividend Growth Portfolio

Classic Stock Portfolio

Developing Growth Portfolio

Fundamental Equity Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Core Equity Portfolio

International Opportunities Portfolio

Mid Cap Stock Portfolio

Short Duration Income Portfolio

Total Return Portfolio

Value Opportunities Portfolio

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

ADMINISTRATIVE SERVICES AGREEMENT

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