Exhibit (d) 3.8

LETTER AGREEMENT

State Street Bank and Trust Company

P.O. Box 1713

Boston, MA 02105

Re: Amended and Restated Yield Calculation Services Agreement

Pursuant to Section 10 of the Amended and Restated Yield Calculation Services Agreement of Russell Investment Company (“RIC”), dated August 1, 2006, RIC advises you that it is creating Class A Shares of the Russell Investment Grade Bond Fund, Russell Tax Exempt Bond Fund and the In Retirement Fund (the “New Classes”). RIC desires for State Street Bank and Trust Company to compute the performance results of each class of the New Classes pursuant to the terms and conditions of the Amended and Restated Yield Calculation Service Agreement. The fees to be charged by you in return for your services are set forth in the Amended and Restated Yield Calculation Services Agreement.

Please indicate your acceptance to amend the Amended and Restated Yield Calculation Service Agreement by executing this letter agreement and returning it to the undersigned.

Sincerely,
RUSSELL INVESTMENT COMPANY
By:
	Mark E. Swanson
	Treasurer

Accepted this          day of                     .

STATE STREET BANK AND TRUST COMPANY

By: 

Its: