Common use of REPORTS PROVIDED Clause in Contracts

REPORTS PROVIDED. Daily Journals Reflecting all shares and dollar activity for the previous day Blue Sky Report Supply information monthly for Fund's preparation of Blue Sky Reporting N-SAR Report Supply monthly correspondence, redemption and liquidation information for use in fund's N-SAR Report Single Rate 12b-1 Report/ Average Asset Reporting Supply monthly dealer reallowance, commission and other fee reporting (as available) Additionally, the following will be provided at the Fund's request to the Fund at no charge: o Shareholder listings: - by Beneficial Owner Code - by Tax Status Code - by State Code - by Establishment Date - by Dividend Code - by Account Plan Type - Top Ten Shareholders o Dealer Transaction Totals o Monthly average daily balance reports Prepare and mail copies of summary statements to dealers and investment advisers. Generate and mail confirmation statements for financial transactions. Send copies of financial transaction confirmations to the dealer main office or branch specified, and possibly a third party. Monthly management report as Fund and Transfer Agent agree upon that will provide summary information of Fund activity and quality of services delivered. DIVIDEND ACTIVITY Reinvest or pay in cash including reinvesting in other funds 40 within the fund group serviced by the Transfer Agent as described in each Fund prospectus Distribute capital gains simultaneously with income dividends DEALER SERVICES Prepare and mail confirmation statements to dealers daily Prepare and mail copies of statements to dealers, same frequency as investor statements Allow on-line access to institutions designated by the Fund from time to time (Institutional Interface) ANNUAL MEETINGS One Proxy mailing per year per fund Address and mail proxies and related material. Tabulate returned proxies and supply daily reports when sufficient proxies have been received (material must be adaptable to mechanical equipment as reasonably specified by the Transfer Agent) Prepare certified list of stockholders, hard copy or microform PERIODIC ACTIVITIES Mail transaction confirmation statements daily to investors Address and mail four (4) periodic financial reports (material must be adaptable to Transfer Agent's mechanical equipment as reasonably specified by the Transfer Agent) Mail periodic statement to investors Compute, prepare and furnish all necessary reports to Governmental authorities: Forms 1096, 1099DIV, 1099B, 1042 and 1042S Enclose various marketing material as designated by the Fund in statement mailings, i.e. monthly and quarterly statements (material must be adaptable to mechanical equipment as reasonably specified by the Transfer Agent)

REPORTS PROVIDED. Daily Journals Reflecting all shares and dollar activity for the previous day Blue Sky Report Supply information monthly for Fund's preparation of Blue Sky Reporting N-SAR Report Supply monthly correspondence, redemption and liquidation information for use in fund's N-SAR Report Single Rate 12b-1 Report/ Average Asset Reporting Supply monthly dealer reallowance, commission and other fee reporting (as available) Additionally, the following will be provided at the Fund's request to the Fund at no charge: o Shareholder listings: - by Beneficial Owner Code - by Tax Status Code - by State Code - by Establishment Date - by Dividend Code - by Account Plan Type - Top Ten Shareholders o Dealer Transaction Totals o Monthly average daily balance reports Prepare and mail copies of summary statements to dealers and investment advisers. advisers Generate and mail confirmation statements for financial transactions. Send copies of financial transaction confirmations to the dealer main office or branch specified, and possibly a third party. Monthly management report as Fund and Transfer Agent agree upon that will provide summary information of Fund activity and quality of services delivered. transactions DIVIDEND ACTIVITY Reinvest or pay in cash including reinvesting in other funds 40 within the fund group serviced by the Transfer Agent as described in each Fund prospectus Distribute capital gains simultaneously with income dividends DEALER SERVICES Prepare and mail confirmation statements to dealers daily 35 Prepare and mail copies of statements to dealers, same frequency as investor statements Allow on-line access to institutions designated by the Fund from time to time (Institutional Interface) ANNUAL MEETINGS One Proxy mailing per year per fund Address and mail proxies and related material. Tabulate returned proxies and supply daily reports when sufficient proxies have been received (material must be adaptable to mechanical equipment as reasonably specified by the Transfer Agent) Prepare certified list of stockholders, hard copy or microform PERIODIC ACTIVITIES Mail transaction confirmation statements daily to investors Address and mail four (4) periodic financial reports (material must be adaptable to Transfer Agent's mechanical equipment as reasonably specified by the Transfer Agent) Mail periodic statement to investors Compute, prepare and furnish all necessary reports to Governmental authorities: Forms 1096, 1099DIV, 1099B, 1042 and 1042S Enclose various marketing material as designated by the Fund in statement mailings, i.e. monthly and quarterly statements (material must be adaptable to mechanical equipment as reasonably specified by the Transfer Agent) SCHEDULE II RECORDS MAINTAINED BY TRANSFER AGENT Account applications Cancelled certificates plus stock powers and supporting documents Checks including check registers, reconciliation records, any adjustment records and tax withholding documentation Indemnity bonds for replacement of lost or missing stock certificates and checks Liquidation, redemption, withdrawal and transfer requests including stock powers, signature guarantees and any supporting documentation Proxy records for annual meetings held within the previous nine months State and federal tax records SCHEDULE III FULL SERVICE FEE SCHEDULE Base Fee: $45,000 per month, plus out-of-pocket expenses as defined below. Out-of-pocket expenses shall include but not be limited to, postage (and first class mail insurance in connection with mailing share certificates), envelopes, check forms, continuous forms, forms for reports and statements, stationery, and other similar items, telephone and telegraph charges incurred in answering inquiries from dealers or shareholders, microfilm used each year to record the previous year's transactions in shareholder accounts and computer tapes used for permanent storage of records and cost of insertion of materials in mailing envelopes, and any special or exception processing. Any labor costs associated with the foregoing shall also be considered as out-of-pocket expenses. In addition, a fee of $300 per Business Day will be charged for processing buy, sell, exchange, transfer, andNor maintenance transactions currently received by the Fund and forwarded to the Transfer Agent for processing. The above fees apply to all the Reich & Tang mutual funds which have entered into Transfer Agen▇▇ ▇▇ree▇▇▇▇s on an aggregate basis and do not apply to each fund individually. Fee for use of Institutional interface shall be $1.00 per trade. REMOTE SERVICE AGREEMENT AGREEMENT, made as of the 1st day of _____________________, by and between _______________________ ("User"), a Delaware corporation having a place of business at _______________________________________________________ and Investors Financial Services Company ("IFSC"), a Delaware corporation having a principal place of business at 120 South LaSalle, Chicago IL 60603.