DELAWARE CLOSED-END FUNDS
FUND ADMINISTRATION AND ACCOUNTING AGREEMENT
THIS AGREEMENT, made as of this 1st day of July, 1998 by and between the registered investment
companies listed on Schedule A, which Schedule may be amended from time to time as provided in Section 8
hereof (each corporation or common law or business trust, hereinafter referred to as a "Company," and all such
entities collectively hereinafter referred to as, the "Companies"), and DELAWARE SERVICE COMPANY,
INC. ("DSC"), a Delaware corporation, having its principal office and place of business at 1818 Market Street,
Philadelphia, Pennsylvania 19103.
W I T N E S S E T H:
WHEREAS, the Investment Management Agreements between the Companies and Delaware Management
Company provide, in part, that each Company shall conduct its business and affairs and shall bear the expenses
necessary and incidental thereto including, but not in limitation of the foregoing, the costs incurred with respect to
administrative and accounting services; and
WHEREAS, the services to be provided under this agreement previously were provided by unaffiliated third
party administrators; and
WHEREAS, the Companies and DSC desire to have a written agreement concerning the performance of
administrative and accounting services for each Company and providing compensation therefor;
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and intending legally to be
bound, it is agreed:
I. APPOINTMENT AS AGENT
Section 1.1 The Companies hereby each appoint DSC as their administrative and accounting agent ("Accounting
Agent"), to provide such services as are set forth herein and DSC hereby accepts such appointment and agrees
to provide the Companies, as their agent, the services described herein.
Section 1.2 The Companies shall pay DSC and DSC shall accept, for the services provided hereunder, the
compensation provided for in Section VI hereof. The Companies also shall reimburse DSC for expenses incurred
or advanced by it for the