WAIVER/REIMBURSEMENT AGREEMENT

Exhibit 23(d)(2)

WAIVER/REIMBURSEMENT AGREEMENT

          WAIVER/REIMBURSEMENT AGREEMENT, dated as of March 3, 2008, between ▇▇▇▇▇▇▇▇ GLOBAL FUND SERIES, INC., a Maryland corporation (the “Series”), on behalf of ▇▇▇▇▇▇▇▇ Emerging Markets Fund, ▇▇▇▇▇▇▇▇ Global Growth Fund and ▇▇▇▇▇▇▇▇ International Growth Fund (each, a “Fund”) and J. & ▇. ▇▇▇▇▇▇▇▇ & CO. INCORPORATED, a Delaware corporation (the “Manager”). The Manager hereby agrees to waive its management fee and/or reimburse each Fund’s “other expenses” to the extent set forth in the Series’ prospectuses included in the Series’ Registration Statement filed on or about February 28, 2008 with the Securities and Exchange Commission.

J. & ▇. ▇▇▇▇▇▇▇▇ & CO. INCORPORATED			▇▇▇▇▇▇▇▇ GLOBAL FUND SERIES, INC.
BY:			BY:
	▇▇▇▇▇ ▇. ▇▇▇▇			▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
TITLE: President			TITLE: Vice President & Treasurer
DATE: March 3, 2008			DATE: March 3, 2008

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