Exhibit 23(d)(7)

                        DAVIS NEW YORK VENTURE FUND, INC.
                FIFTH AMENDMENT OF INVESTMENT ADVISORY AGREEMENT

April 1, 2007

Davis Selected Advisers, L.P.
2949 East Elvira Road, Suite 101
Tucson, Arizona 85706

Gentlemen:

We hereby confirm that paragraph 6 of our Investment Advisory Agreement of
January 1, 2001, is amended in its entirety to read as follows:

6.   Fees. The Company has formed four funds, consisting of separate investment
     portfolios, and wishes to employ you to supervise and assist in the
     management of all three funds upon the terms and conditions described in
     this Agreement. In consideration of such services, we shall pay you a fee
     calculated at the following annual rates based upon the daily net asset
     value of each separate portfolio:

Davis New York Venture Fund Adviser Fee Schedule

  Assets     Cum. Assets
(millions)    (millions)    Fee*
---------------------------------
  $  250       $   250      0.75%
  $  250       $   500      0.65%
  $2,500       $ 3,000      0.55%
  $1,000       $ 4,000      0.54%
  $1,000       $ 5,000      0.53%
  $1,000       $ 6,000      0.52%
  $1,000       $ 7,000      0.51%
  $3,000       $10,000      0.50%
  $8,000       $18,000     0.485%
  $7,000       $25,000      0.47%
  $8,000       $33,000     0.455%
  $7,000       $40,000     0.440%
  $8,000       $48,000     0.425%
  Excess       $48,000     0.410%

*    fee expressed as a percentage of average net assets.

Davis Research Fund, Davis Global Fund, Davis International Fund Adviser Fee
Schedule

  Assets     Cum. Assets
(millions)   (millions)    Annual Fee*
--------------------------------------
   $250         $250          0.75%
   $250         $500          0.65%
  Excess        $ --          0.55%

*    fee expressed as a percentage of average net assets.

For this purpose, the daily net asset value shall be computed in the same manner
as the value of such daily net assets are computed in connection with the
determination of the net asset value of our shares. The fee shall be accrued
daily and paid monthly on the first business day following the end of the month
in which the services were rendered.

In all other respects, the Investment Advisory Agreement of January 1, 2001,
remains in full force and effect.

If the foregoing is in accordance with your understanding, please indicate by
signing and returning to us the enclosed copy hereof.

Very truly yours,

Davis New York Venture Fund, Inc.


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By Doug Haines
   Vice President

Accepted as of the day and year first above written.

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


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By: Thomas Tays
    Vice President