Schedule B

to the DISTRIBUTION AND SERVICE PLAN

(Rule 12b-1 Plan)

(as amended on December 9, 2010 to add Davidson Equity Income Fund, Davidson Small-Mid Equity Fund and Davidson Intermediate Fixed Income Fund)

Series or Fund of Advisors Series Trust

Davidson Equity Income Fund

Davidson Intermediate Fixed Income Fund

Davidson Multi-Cap Equity Fund

Davidson Small-Mid Equity Fund

ADVISORS SERIES TRUST

on behalf of the Funds listed on Schedule B

By:              /s/ Douglas G. Hess

Name:         Douglas G. Hess

Title:           President