AMENDMENT 17 to the ADMINISTRATIVE SERVICES AGREEMENT among

AMENDMENT 17

to the

ADMINISTRATIVE SERVICES AGREEMENT

among

The Investment Companies comprising the Lord ▇▇▇▇▇▇ Family of Funds (each, a “Fund” or collectively, the “Funds”) as set forth on Exhibit 1 and Lord, ▇▇▇▇▇▇ & Co. LLC (“Lord ▇▇▇▇▇▇”)

WHEREAS, the Investment Companies named on Exhibit 1 and Lord ▇▇▇▇▇▇ entered into an Administrative Services Agreement dated December 12, 2002, as may be amended from time to time (the “Agreement”);

WHEREAS, Section 9 of the Agreement provides for the addition to the Agreement of new funds created in the Lord ▇▇▇▇▇▇ Family of Funds where such funds wish to engage Lord ▇▇▇▇▇▇ to perform Administrative Services under the Agreement; and

WHEREAS, the Funds and Lord ▇▇▇▇▇▇ desire to further amend the Agreement to include additional funds;

NOW THEREFORE, in consideration of the mutual covenants and of other good and valuable consideration, receipt of which is hereby acknowledged, the parties mutually agree to amend the Agreement in the following respects:

1. The Agreement is hereby amended to add the following funds to Exhibit 1 of the Agreement:

Lord ▇▇▇▇▇▇ Investment Trust

-Lord ▇▇▇▇▇▇ Inflation Focused Fund

2. The Agreement shall remain the same in all other respects.

3. The Amendment is effective as of the 20th day of April, 2011.

IN WITNESS WHEREOF, each of the parties has caused this Amendment to the Agreement to be executed in its name and on its behalf by its duly authorized representative.

						On behalf of each of the Lord ▇▇▇▇▇▇ Funds listed on Exhibit 1 Attached hereto
						By:		/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
								▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
								Chief Financial Officer
		Attested:
		/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Vice President & Assistant Secretary
						LORD, ▇▇▇▇▇▇ & CO. LLC
						By:		/s/ ▇▇▇▇▇▇ ▇. ▇▇▇
								▇▇▇▇▇▇ ▇. ▇▇▇
								Managing Member
		Attested:
		/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
		▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
		Member, General Counsel

EXHIBIT 1 (AMENDED AS OF APRIL 20, 2011) ¹

TO

ADMINISTRATIVE SERVICES AGREEMENT

The following funds comprise the Lord ▇▇▇▇▇▇ Family of Funds:

Lord ▇▇▇▇▇▇ Affiliated Fund, Inc.

Lord ▇▇▇▇▇▇ Blend Trust

Lord ▇▇▇▇▇▇ Small-Cap Blend Fund

Lord ▇▇▇▇▇▇ Bond-Debenture Fund, Inc.

Lord ▇▇▇▇▇▇ Developing Growth Fund, Inc.

Lord ▇▇▇▇▇▇ Global Fund, Inc.

Lord ▇▇▇▇▇▇ Emerging Markets Currency Fund

Lord ▇▇▇▇▇▇ Global Allocation Fund

Lord ▇▇▇▇▇▇ Investment Trust

Lord ▇▇▇▇▇▇ Balanced Strategy Fund

Lord ▇▇▇▇▇▇ Convertible Fund

Lord ▇▇▇▇▇▇ Core Fixed Income Fund

Lord ▇▇▇▇▇▇ Diversified Equity Strategy Fund

Lord ▇▇▇▇▇▇ Diversified Income Strategy Fund

Lord ▇▇▇▇▇▇ Floating Rate Fund

Lord ▇▇▇▇▇▇ Growth & Income Strategy Fund

Lord ▇▇▇▇▇▇ High Yield Fund

Lord ▇▇▇▇▇▇ Income Fund

Lord ▇▇▇▇▇▇ Inflation Focused Fund

Lord ▇▇▇▇▇▇ Short Duration Income Fund

Lord ▇▇▇▇▇▇ Total Return Fund

Lord ▇▇▇▇▇▇ Mid-Cap Value Fund, Inc.

Lord ▇▇▇▇▇▇ Municipal Income Fund, Inc.

Lord ▇▇▇▇▇▇ AMT Free Municipal Bond Fund

Lord ▇▇▇▇▇▇ California Tax-Free Income Fund

Lord ▇▇▇▇▇▇ High Yield Municipal Bond Fund

Lord ▇▇▇▇▇▇ Intermediate Tax Free Fund

Lord ▇▇▇▇▇▇ National Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New Jersey Tax-Free Income Fund

Lord ▇▇▇▇▇▇ New York Tax-Free Income Fund

Lord ▇▇▇▇▇▇ Short Duration Tax Free Fund

¹  As amended on April 20, 2011 to reflect (1) the addition of Lord Investment Trust, Inc. – Lord ▇▇▇▇▇▇ Inflation Focused Fund; and (2) the name change of Lord ▇▇▇▇▇▇ Global Fund, Inc. – Lord ▇▇▇▇▇▇ Emerging Markets Currency Fund (formerly, Lord ▇▇▇▇▇▇ Developing Local Markets Fund).

Lord ▇▇▇▇▇▇ Research Fund, Inc.

Lord ▇▇▇▇▇▇ Capital Structure Fund

Lord ▇▇▇▇▇▇ Classic Stock Fund

Lord ▇▇▇▇▇▇ Growth Opportunities Fund

Small-Cap Value Series

Lord ▇▇▇▇▇▇ Securities Trust

Lord ▇▇▇▇▇▇ Alpha Strategy Fund

Lord ▇▇▇▇▇▇ Fundamental Equity Fund

Lord ▇▇▇▇▇▇ International Core Equity Fund

Lord ▇▇▇▇▇▇ International Dividend Income Fund

Lord ▇▇▇▇▇▇ International Opportunities Fund

Lord ▇▇▇▇▇▇ Large-Cap Value Fund

Lord ▇▇▇▇▇▇ Micro-Cap Growth Fund

Lord ▇▇▇▇▇▇ Micro-Cap Value Fund

Lord ▇▇▇▇▇▇ Value Opportunities Fund

Lord ▇▇▇▇▇▇ Series Fund, Inc.

Bond-Debenture Portfolio

Capital Structure Portfolio

Classic Stock Portfolio

Developing Growth Portfolio

Fundamental Equity Portfolio

Growth and Income Portfolio

Growth Opportunities Portfolio

International Core Equity Portfolio

International Opportunities Portfolio

Mid-Cap Value Portfolio

Total Return Portfolio

Value Opportunities Portfolio

Lord ▇▇▇▇▇▇ Stock Appreciation Fund

Lord ▇▇▇▇▇▇ U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.