EXHIBIT 23(h)(3)

                                    AGREEMENT
                      TO WAIVE FEES AND REIMBURSE EXPENSES
                                DAVIS GLOBAL FUND
                             CLASS A, B, C, Y SHARES

THIS AGREEMENT is made this 19th day of September, 2006, between Davis New York
Venture Fund, Inc, a Maryland corporation ("DNYVF") and Davis Selected Advisers,
L.P., a limited partnership organized under the laws of Colorado ("DSA").

                                    RECITALS:

WHEREAS, DNYVF is a registered open-end management investment company with four
authorized series (Davis New York Venture Fund, Davis Research Fund, Davis
Global Fund, and Davis Global Fund); and

WHEREAS, DNYVF and DSA have entered into an agreement dated September 14, 2004
whereby DSA agredd to waive fees and reimburse expenses for Davis Global Fund
Class A, B, and C, shares; and

WHEREAS, Davis Global Fund intends to offers four Classes of shares to the
public (A, B, C and Y,); and

WHEREAS, DSA serves as the investment adviser for DNYVF; and

WHEREAS, both DNYVF and DSA agree it is important that the actual expenses of
Davis Global Fund not exceed a specified percentage (Class A shares: 1.30%,
Class B shares: 2.30%, Class C shares: 2.30%, Class Y shares: 1.05% of net
assets on an annual basis;.

NOW, THEREFORE, the parties hereby agree as follows:

1. Terminate Former Agreement The Agreement dated September 14, 2004 is hereby
terminated by mutual consent.

2. Expense Caps. DSA agrees to waive fees and reimburse the expenses of each
authorized Class of shares of Davis Global Fund to the extent it is necessary to
ensure that the actual expense incurred by any authorized Class of shares, after
recognizing the benefits of custody or other credits. fee waivers and expense
reimbursements, not exceed (Class A shares: 1.30%, Class B shares: 2.30%, Class
C shares: 2.30%, Class Y shares; 1.05%) of net assets.

1.   Duration of Agreement This Agreement shall be effective for an initial
     period beginning on the date above stated and ending on March 1, 2008. This
     Agreement shall automatically renew for additional one year periods if not
     terminated, in writing, by either party before March 1st of each year.

IN WITNESS WHEREOF, the parties have duly executed and sealed this Agreement,
all as of the date first written above.

Davis New York Venture Fund, Inc.


By:
    ----------------------------------
    Doug Haines
    Vice President


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Davis Selected Advisers, L.P.
By Davis Investments, LLC (General Partner)


By:
    ----------------------------------
    Thomas Tays
    Vice President


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