FORM OF
AMENDMENT
DATED FEBRUARY 17, 2006
TO
ACCOUNTING SERVICES AGREEMENT
BETWEEN
RYDEX DYNAMIC FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED MAY 1, 2000,
AS AMENDED
FORM OF
AMENDMENT TO
ACCOUNTING SERVICES AGREEMENT
DATED MAY 1, 2000, AS AMENDED,
BETWEEN
RYDEX DYNAMIC FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to the Accounting Services Agreement between
Rydex Dynamic Funds (the "Trust") and Rydex Fund Services, Inc. (the
"Servicer"), dated May 1, 2000, as amended to date (the "Agreement"), and is
hereby incorporated into and made a part of the Agreement:
The fourth paragraph under the section "Witnesseth" of the Agreement
is amended, effective February 17, 2006 to read as follows:
WHEREAS, the board of trustees of the Trust (the "Trustees") have
created the following Funds of the Trust: Titan 500 Fund, Tempest 500
Fund, Venture 100 Fund, Velocity 100 Fund, Long Dynamic Dow 30 Fund,
Inverse Dynamic Dow 30 Fund, Titan 500 Master Fund, Tempest 500 Master
Fund, Venture 100 Master Fund, Velocity 100 Master Fund, Long Dynamic Dow
30 Master Fund, Inverse Dynamic Dow 30 Master Fund, DYNAMIC XXXXXXX 2000
FUND, INVERSE DYNAMIC XXXXXXX 2000 FUND, DYNAMIC XXXXXXX 2000 MASTER FUND,
AND INVERSE DYNAMIC XXXXXXX 2000 MASTER FUND (collectively, the "Funds");
ADDITIONS ARE NOTED IN BOLD.
In witness whereof, the parties hereto have caused this Amendment to be executed
in their names and on their behalf and through their duly-authorized officers as
of the 17th day of February, 2006.
RYDEX DYNAMIC FUNDS
_____________________________
By: Xxxx X. Xxxxxxxxxxx
Title: President
RYDEX FUND SERVICES, INC.
_____________________________
By: Xxxx X. Xxxxxxxxxxx
Title: President
