THE ICON FUNDS

                AMENDMENT TO THE PROSPECT SERVICING AGREEMENT


      THIS AMENDMENT dated as of January 1, 2002 to the Prospect Servicing
Agreement dated as of November 10, 1998, by and between The ICON Funds, a
Massachusetts Trust and Firstar Mutual Fund Services, LLC, a Wisconsin limited
liability company shall be as follows:

      Effective  January 1, 2002, the name Firstar  Mutual Fund Services,  LLC
has  been  changed  to U.S.  Bancorp  Fund  Services,  LLC.  Accordingly,  all
references to Firstar  Mutual Fund Services,  LLC in this Agreement  should be
replaced with U.S. Bancorp Fund Services,  LLC.  Similarly,  any references to
Firstar Bank, N.A. should be replaced with U.S. Bank, N.A.

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by a duly authorized officer on one or more counterparts as of the day
and year first written above.

The ICON Funds                            U.S. BANCORP FUND SERVICES, LLC



By: /s/ Erik L. Jonson                    By:  /s/ James R. Tiegs
    --------------------------------           -------------------------------