0000932471-06-001566 Sample Contracts

VANGUARD(R) Specialized FUnds Vanguard Dividend Growth Fund VANGUARD Health Care Fund VANGUARD Energy Fund
Vanguard Specialized Funds • September 26th, 2006

For Wellington Management Company LLC,an amended agreement changes the process for the quarterly calculation of asset-based fees. The calculations now will be based on the average daily net assets managed by the advisor, rather than the average month-end net assets.

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