FIRST AMENDMENT TO ADMINISTRATIVE AND ACCOUNTING SERVICES AGREEMENT

                                                                  EXHIBIT (H)(2)

                               FIRST AMENDMENT TO
                ADMINISTRATIVE AND ACCOUNTING SERVICES AGREEMENT

      THIS FIRST AMENDMENT TO ADMINISTRATIVE AND ACCOUNTING SERVICES AGREEMENT
(this "Amendment") is made as of this 31st day of March, 2007, between ▇▇▇▇▇▇▇▇
▇▇▇▇▇ Funds, Inc., a Wisconsin corporation (the "Corporation"), and ▇▇▇
Holdings, Inc., a Delaware corporation ("▇▇▇").

                                   WITNESSETH

      WHEREAS, Corporation and ▇▇▇ entered into an Administrative and Accounting
Services Agreement, dated January 1, 2004 (the "Agreement"), pursuant to which
the Corporation retains ▇▇▇ to provide administrative and accounting services to
the Corporation and its mutual fund series;

      WHEREAS, effective April 1, 2007, ▇▇▇ and all its operations will merge
with ▇▇▇▇▇▇▇▇ Investment Management LLC, a Delaware limited liability and wholly
owned subsidiary of ▇▇▇ (the "Merger"), with the surviving entity being named
▇▇▇▇▇▇▇▇ Investment Management, Inc.; and

      WHEREAS, Corporation and ▇▇▇ wish to amend the Agreement to reflect the
name change of ▇▇▇ which will result from the Merger.

      NOW THEREFORE, in consideration of the premises and mutual covenants set
forth in the Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which is acknowledged by all parties hereto, the
parties hereto agree as follows:

      1. Effective April 1, 2007, all references in the Agreement to "▇▇▇
Holdings, Inc., a Delaware corporation" are hereby replaced by "▇▇▇▇▇▇▇▇
Investment Management, Inc., a Delaware corporation."



      IN WITNESS WHEREOF, each of the parties hereto caused this Amendment to be
executed on its behalf by its authorized officer as of the date first written
above.

                                        ▇▇▇▇▇▇▇▇ PLUMB FUNDS, INC.


                                        By:
                                            ------------------------------------
                                            ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Chairman and
                                            Chief Executive Officer


                                        ▇▇▇ HOLDINGS, INC.


                                        By:
                                            ------------------------------------
                                            ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, President