DISTRIBUTION AGREEMENT Calvert Group Funds Calvert Distributors, Inc. SCHEDULE I

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DISTRIBUTION AGREEMENT

▇▇▇▇▇▇▇ Group Funds
▇▇▇▇▇▇▇ Distributors, Inc.

SCHEDULE I

The ▇▇▇▇▇▇▇ Fund

▇▇▇▇▇▇▇ Tax-Free Reserves

▇▇▇▇▇▇▇ Municipal Fund, Inc.

▇▇▇▇▇▇▇ Social Investment Fund

▇▇▇▇▇▇▇ World Values Fund, Inc.

First Variable Rate Fund for Government Income

▇▇▇▇▇▇▇ Social Index Series, Inc.

▇▇▇▇▇▇▇ Impact Fund, Inc.

Schedule restated: September 27, 2005

SCHEDULE II

Fees are expressed as a percentage of average annual daily net assets, and are payable monthly.

	Distribution Fee
	Class A*	Class B	Class C	Class I
The ▇▇▇▇▇▇▇ Fund
▇▇▇▇▇▇▇ New Vision Small Cap Fund	N/A	0.75	0.75	N/A
▇▇▇▇▇▇▇ Income Fund	0.25	0.75	0.75	N/A
▇▇▇▇▇▇▇ Short Duration Income Fund	0.25	N/A	0.75	N/A
Calvert Long-Term Income Fund	0.25	0.75	0.75	N/A

▇▇▇▇▇▇▇ Tax-Free Reserves
Money Market Portfolio	N/A	N/A	N/A	N/A
Limited-Term Portfolio	N/A	N/A	N/A	N/A
Long-Term Portfolio	0.10	N/A	N/A	N/A
Vermont Municipal Portfolio	N/A	N/A	N/A	N/A

▇▇▇▇▇▇▇ Municipal Fund, Inc.
▇▇▇▇▇▇▇ National Municipal Intermediate Fund	N/A	N/A	N/A	N/A
▇▇▇▇▇▇▇ California Limited-Term Municipal Fund	N/A	N/A	N/A	N/A

▇▇▇▇▇▇▇ Social Investment Fund
Balanced Portfolio	0.10	0.75	0.75	N/A
Equity Portfolio	0.10	0.75	0.75	N/A
Bond Portfolio	0.10	0.75	0.75	N/A
Enhanced Equity Portfolio	N/A	0.75	0.75	N/A
Money Market Portfolio	N/A	N/A	N/A	N/A
▇▇▇▇▇▇▇ Conservative Allocation Fund	0.10	0.75	0.75	N/A
▇▇▇▇▇▇▇ Moderate Allocation Fund	0.10	0.75	0.75	N/A
▇▇▇▇▇▇▇ Aggressive Allocation Fund	0.10	0.75	0.75	N/A

▇▇▇▇▇▇▇ World Values Fund, Inc.
▇▇▇▇▇▇▇ Capital Accumulation Fund	0.10	0.75	0.75	N/A
▇▇▇▇▇▇▇ World Values International Equity Fund	0.10	0.75	0.75	N/A

First Variable Rate Fund for Government Income
▇▇▇▇▇▇▇ First Government Money Market Fund	N/A	0.75	0.75	N/A

▇▇▇▇▇▇▇ Social Index Series, Inc.
▇▇▇▇▇▇▇ Social Index Fund	N/A	0.75	0.75	N/A

▇▇▇▇▇▇▇ Impact Fund, Inc.
▇▇▇▇▇▇▇ Large Cap Growth Fund	N/A	0.75	0.75	N/A
▇▇▇▇▇▇▇ Small Cap Value Fund	0.10	0.75	0.75	N/A
▇▇▇▇▇▇▇ Mid Cap Value Fund	0.10	0.75	0.75	N/A

Schedule restated: September 27, 2005

________________________________

*Distributor reserves the right to waive all or a portion of the distribution fee from time to time.

SCHEDULE III

Fees are expressed as a percentage of average annual daily net assets and are payable monthly.

	Service Fee
	Class A¹	Class B	Class C	Class I
The ▇▇▇▇▇▇▇ Fund
▇▇▇▇▇▇▇ New Vision Small Cap Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ Income Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ Short Duration Income Fund	0.25	N/A	0.25	N/A
Calvert Long-Term Income Fund	0.25	0.25	0.25	N/A

▇▇▇▇▇▇▇ Tax-Free Reserves
Money Market Portfolio	N/A	N/A	N/A	N/A
Limited-Term Portfolio	N/A	N/A	N/A	N/A
Long-Term Portfolio	0.25	N/A	N/A	N/A
Vermont Municipal Portfolio	N/A	N/A	N/A	N/A

▇▇▇▇▇▇▇ Municipal Fund, Inc.
▇▇▇▇▇▇▇ National Municipal Intermediate Fund	0.25	N/A	N/A	N/A
▇▇▇▇▇▇▇ California Limited-Term Municipal Fund	0.25	N/A	N/A	N/A

▇▇▇▇▇▇▇ Social Investment Fund
Balanced Portfolio	0.25²	0.25	0.25	N/A
Equity Portfolio	0.25	0.25	0.25	N/A
Bond Portfolio	0.25	0.25	0.25	N/A
Enhanced Equity Portfolio	0.25	0.25	0.25	N/A
Money Market Portfolio	0.25	N/A	N/A	N/A
▇▇▇▇▇▇▇ Conservative Allocation Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ Moderate Allocation Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ Aggressive Allocation Fund	0.25	0.25	0.25	N/A

▇▇▇▇▇▇▇ World Values Fund, Inc.
▇▇▇▇▇▇▇ Capital Accumulation Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ World Values International Equity Fund	0.25	0.25	0.25	N/A

First Variable Rate Fund for Government Income
▇▇▇▇▇▇▇ First Government Money Market Fund	N/A	0.25	0.25	N/A

▇▇▇▇▇▇▇ Social Index Series, Inc.
▇▇▇▇▇▇▇ Social Index Fund	0.25	0.25	0.25	N/A

▇▇▇▇▇▇▇ Impact Fund, Inc.
▇▇▇▇▇▇▇ Large Cap Growth Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ Small Cap Value Fund	0.25	0.25	0.25	N/A
▇▇▇▇▇▇▇ Mid Cap Value Fund	0.25	0.25	0.25	N/A

^{1 Distributor reserves the right to waive all or a portion of the service fees from time to time. For money market portfolios, Class A shall refer to Class O, or if the portfolio does not have multiple classes, then to the portfolio itself.

^{2 Distributor charges the service fee only on assets in excess of $30 million.

Schedule restated: September 27, 2005}}

DISTRIBUTION AGREEMENT Calvert Group Funds Calvert Distributors, Inc. SCHEDULE I

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