0001193125-08-097320 Sample Contracts

AMENDED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 30th, 2008 • William Blair Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of December 23, 2003 and amended as of May 1, 2008 by and between William Blair & Company, L.L.C., an Illinois limited liability company (the “Advisor”) and William Blair Funds (the “Trust”), on behalf of the William Blair Small-Mid Cap Growth Fund series of the Trust (the “Fund”).

AMENDED EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 30th, 2008 • William Blair Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of May 1, 2007 and amended as of May 1, 2008 by and between William Blair & Company, L.L.C., an Illinois limited liability company (the “Advisor”) and William Blair Funds (the “Trust”), on behalf of the William Blair Bond Fund series of the Trust (the “Fund”).