Friedberg Investment Management, Inc.

Friedberg Investment Management

FEE SCHEDULE

Size	Growth	Balanced	Income
First $100,000	1.50% per year	1.25% per year	1.00% per year
Next $400,000	1.10% per year	1.00% per year	0.80% per year
Next $500,000	0.90% per year	0.80% per year	0.70% per year
Above $1,000,000	0.80% per year	0.70% per year	0.60% per year

FIM does not charge a fee to open or close an account.

The first fee payment is not due before three months.

The minimum fee is $250/quarter.