MANAGEMENT FEE LIMITATION AGREEMENT with respect to TOTAL RETURN FUND May 1, 2009

MANAGEMENT FEE LIMITATION AGREEMENT

with respect to

TOTAL RETURN FUND

May 1, 2009

This Management Fee Limitation Agreement (this “Agreement”) is by and between GE Asset Management Incorporated (“GEAM”) and GE Investments Funds, Inc. (the “Company”), on behalf of the Total Return Fund (the “Fund”).

RECITALS

(A) The Company is an open-end management investment company incorporated under the laws of the Commonwealth of Virginia and registered under the Investment Company Act of 1940, as amended (the “1940 Act”).

(B) The Company comprises several separate investment portfolios, and issues a separate series of shares representing an interest in each investment portfolio. The Fund is one such separate investment portfolio of the Company, and the Company currently offers four classes of shares of the Fund.

(C) GEAM is a Delaware corporation registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

(D) Pursuant to the Investment Advisory and Administration Agreement dated as of May 1, 1997, by and between GEAM and the Company, and as amended by the parties on May 1, 2009 (the “Management Agreement”), GEAM provides investment advisory and administrative services to the Fund in exchange for a fee paid by the Company with respect to the Fund at the rate specified in the Management Agreement (the “Management Fee”).

(E) The Company and GEAM have determined that it is appropriate and in the best interests of the Fund and its shareholders to reduce the rate of the Management Fee for a specified period as indicated in Schedule A hereto.

NOW THEREFORE, in consideration of the promises and mutual covenants herein, the parties hereto agree as follows:

1. Management Fee Limitation

(a) During the term of this Agreement, GEAM shall reduce or waive a portion of the management fees paid by the Fund, such that the effective annual rate of management fees payable by the Fund to GEAM shall be the rate set forth in Schedule A hereto.

(b) The amounts of any management fees that are reduced or withheld pursuant to Section 1(a) of this Agreement shall be reimbursed by the Fund to GEAM in the first, second or third (or any combination thereof) fiscal year next succeeding the fiscal year of the reduction (i) to the extent approved by the Company’s disinterested Directors, or (ii) when requested by GEAM, provided the total operating expense ratio for Class 1 shares, after giving effect to the reimbursement, would not exceed 0.80 percent for the fiscal year in which the reimbursement is made.

2. Term and Termination

(a) Term of Agreement. This Agreement will become effective on May 1, 2009 and will continue in effect until the date set forth on Schedule A (the “Initial Term”). This Agreement may be extended beyond the Initial Term by the written agreement of the parties.

(b) Termination of Agreement. This Agreement will terminate at the earliest of: (1) on April 30, 2010, unless extended; (2) upon termination of the Management Agreement, or (3) either party elects to terminate this Agreement by providing thirty (30) days’ prior written notice to the other party.

3. Amendment

This Agreement may be amended only by a written agreement signed by each of the parties hereto.

4. Miscellaneous

(a) Successors. This Agreement shall be binding upon the parties hereto, but not upon their transferees, successors and assigns.

(b) Assignment. Neither party may assign the Agreement, or any of the rights, obligations, or liabilities under the Agreement, without the written consent of the other party.

(c) Intended Beneficiaries. No provision of this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. The Agreement is intended for the exclusive benefit of the parties hereto.

(d) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but both of which shall together constitute one and the same instrument.

(e) Applicable Law. This Agreement shall be interpreted, construed, and enforced in accordance with the laws of the state of New York, without reference to the conflict of laws principles thereof.

(f) Severability. If any portion of this Agreement shall be found to be invalid or unenforceable by a court or tribunal or regulatory agency of competent jurisdiction, the remainder shall not be affected thereby, but shall have the same force and effect as if the invalid or unenforceable portion had not been part of this Agreement.

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(g) Captions. The captions in this Agreement are included for convenience of reference only and in no other way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

(h) Definitions. Any question of interpretation of any term or provision of this Agreement, including, but not limited to, the Management Fee, having a counterpart in or otherwise derived from the terms and provisions of the Management Agreement or the 1940 Act, shall have the same meaning as and be resolved by reference to the Management Agreement or the 1940 Act.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

GE INVESTMENTS FUNDS, INC.,
on behalf of the Total Return Fund
By:		/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx X. Xxxxxxxx
Title:		Chairman of the Board and President
GE ASSET MANAGEMENT INCORPORATED
By:		/s/ Xxxxxxx X. Xxxxxxx
Name:		Xxxxxxx X. Xxxxxxx
Title:		Executive Vice President

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Schedule A

Management Fee Limitation

Fund		Reduced Management Fee Annual Rate (as a percentage of average daily net assets)		Expiration of Term of Agreement
Total Return Fund		0.48%		April 30, 2010

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