Exhibit (e) 1.14

LETTER AGREEMENT

Russell Fund Distributors, Inc.

909 A Street

Tacoma, WA 98402

Re: Distribution Agreement

Pursuant to Introductory Section 1 of the Distribution Agreement between Russell Investment Company (“RIC”) and Russell Fund Distributors, Inc., dated January 1, 1999, RIC advises you that it is creating Class C Shares and Class S Shares for the existing Fixed Income I Fund (the “New Class”). RIC desires Russell Fund Distributors, Inc. to serve as Distributor with respect to the New Class pursuant to the terms and conditions of the Distribution Agreement. The fees to be charged in return for the Distributor’s services are the same as in the Distribution Agreement.

Please indicate your acceptance to act as Distributor with respect to the New Class by executing this letter agreement and returning it to the undersigned.

Sincerely,

RUSSELL INVESTMENT COMPANY
By:
	Mark E. Swanson
	Treasurer

Accepted this          day of                      2007

RUSSELL FUND DISTRIBUTORS, INC.
By:
	Greg J. Stark
	President