Delaware Distributors L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
November 28, 2005
Delaware Group Income Funds
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
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Ladies and Gentlemen:
By our execution of this letter agreement (the "Agreement"),
intending to be legally bound hereby, Delaware Distributors L.P. (the
"Distributor") agrees that in order to improve the performance of certain
portfolios in Delaware Group Income Funds, which is comprised of the Delaware
Corporate Bond Fund, Delaware Delchester Fund, Delaware Extended Duration Bond
Fund and Delaware High-Yield Opportunities Fund (each a "Fund"), the Distributor
shall, from November 28, 2005 through November 30, 2006, waive a portion of the
Rule 12b-1 (distribution) fee for Class A shares and Class R shares so that such
Rule 12b-1 (distribution) fee for the Funds will be capped at the following
rates:
Portfolio Class A Class R
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Delaware Corporate Bond Fund 0.25% 0.50%
Delaware Delchester Fund N/A 0.50%
Delaware Extended Duration Bond Fund 0.25% 0.50%
Delaware High-Yield Opportunities Fund N/A 0.50%
The Distributor acknowledges that it (1) shall not be entitled to
collect on or make a claim for waived fees at any time in the future.
Delaware Distributors L.P.
By: _________________________
Name:
Title:
Date:
Your signature below acknowledges
acceptance of this Agreement:
DELAWARE GROUP INCOME FUNDS
By: _________________________
Name:
Title:
Date: