ROYCE & ASSOCIATES, LLC LETTERHEAD]Investment Advisory Agreement • April 30th, 2007 • Royce Fund
Contract Type FiledApril 30th, 2007 CompanyReference is made to the Investment Advisory Agreement dated October 1, 2001 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of Pennsylvania Mutual Fund (the “Series”) and Royce & Associates (the “Adviser”).