rbcgf-ex99hib.htm

Exhibit (h) (i) (B)

REYNOLDS FUNDS, INC.

FIRST AMENDMENT TO

THE TRANSFER AGENT SERVICING AGREEMENT

THIS FIRST AMENDMENT, effective as of January, 1, 2013, to the Transfer Agent Servicing Agreement, dated as of November 6, 2008, (the "Agreement"), is entered by and between Reynolds Funds, Inc., a Maryland corporation (the "Corporation") and U.S. Bancorp Fund Services, LLC., a Wisconsin limited liability company ("USBFS").

RECITALS

WHEREAS, the parties have entered into a Transfer Agent Servicing Agreement; and

WHEREAS, the Fund and USBFS desire to amend the fees and the length of the Agreement; and

WHEREAS, Section 13 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree as follows:

Section 13, Term of Agreement; Amendment shall be superseded and replaced with the following:

13.	Term of Agreement; Amendment

This Agreement shall become effective as of January 1, 2013 and will continue in effect for a period of five (5) years. Subsequent to the five-year term, this Agreement may be terminated by either party upon giving 90 days prior written notice to the other party or such shorter period as is mutually agreed upon by the parties. Notwithstanding the foregoing, this Agreement may be terminated by any party upon the breach of the other party of any material term of this Agreement if such breach is not cured within 15 days of notice of such breach to the breaching party. This Agreement may not be amended or modified in any manner except by written agreement executed by USBFS and the Company and authorized or approved by the Board of Directors. The provisions of this Section 13 shall also apply to Exhibit C.

Section 15, Early Termination, shall be superseded and replaced with the following:

15. Early Termination

In the absence of any material breach of this Agreement, should the Company elect to terminate this Agreement prior to the end of the five (5) year term, the Company agrees to pay the following fees:

a.	all monthly fees through the life of the contract, including the repayment of any negotiated discounts and conversion costs from the prior service provider;

b.	all fees associated with converting services to successor service provider;

c.	all fees associated with any record retention and/or tax reporting obligations that may not be eliminated due to the conversion to a successor service provider;

d.	all out-of-pocket costs associated with a-c above.

Exhibit D is hereby superseded and replaced with Amended Exhibit D attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.


REYNOLDS FUNDS, INC.	U.S. BANCORP FUND SERVICES, LLC


By: /s/Frederick Reynolds	By: /s/ Michael R. McVoy

Printed Name: Frederick Reynolds	Printed Name: Michael R. McVoy

Title: President	Title: Executive Vice President

Amended Exhibit D to the Transfer Agent Servicing Agreement

Reynolds Blue Chip Growth Fund TRANSFER AGENT FEE SCHEDULE Effective 01/01/13

Service Charges to the Fund* Shareholder Account Fee ($____ Annual Minimum) Open Direct Accounts - $____/account Open ML 3 Account - $____/account Closed Accounts - $____/account CCO Support $____/annually Activity Charges Telephone Calls - $____/minute Daily Valuation Trades - $____ /trade Lost Shareholder Search - $____ /search AML Base Service (excl Level 3 Accounts) 0-999 accounts - $____/year 1,000-4,999 accounts - $____/year 5,000-9,999 accounts - $____/year 10,000+ accounts - $____/year AML New Account Service - $____/new domestic accounts, $____/new foreign account and $____/verification ACH/EFT Shareholder Services: $____ /month/fund group $____ /ACH item, setup, change $____/correction, reversal Exchange Fee Overide - $____/month Omnibus Accounts: $____/transaction Out-of-pocket Costs - Including but not limited to: Telephone toll-free lines, call transfers, etc. Mailing, sorting and postage Stationery, envelopes Programming, special reports Insurance, record retention, microfilm/fiche Proxies, proxy services ACH fees, NSCC charges Document Retention Fee Omnibus Conversions Lost Shareholder Searches Disaster Recovery All other out-of-pocket expenses FAF Money Market Fund Service Organizations $____/Money Market Share Class per year * Effective January, 2016 Subject to annual CPI increase, Milwaukee MSA Fees are billed monthly.	Service Charges to Investors Qualified Plan Fees (Billed to Investors) $____ /qualified plan acct (Cap at $____/SSN) $____ /Coverdell ESA acct (Cap at $____/SSN) $____ /transfer to successor trustee $____ /participant distribution (Excluding SWPs) $____ /refund of excess contribution Additional Shareholder Fees (Billed to Investors) $____ /outgoing wire transfer $____ /overnight delivery $____ /return check or ACH $____ /stop payment $____ /research request per account (Cap at $____/request) (For requested items of the second calendar year [or previous] to the request) Technology Charges 1. Fund Group Setup (first cusip) - $____ /fund group 2. Fund Setup - $____ /cusip (beyond first cusip) 3. NSCC Service Interface – All NSCC Services Setup - $____/fund group Annual - $____ /cusip/year 4. Telecommunications and Voice Services Service Setup - $____ ATT transfer connect VRU Setup - $____ /fund group VRU Maintenance - $____ /cusip/month & $.40 /voice response call 5. Average Cost - $____ /account/year 6. Development/Programming - $____/hour 7. File Transmissions – subject to requirements 8. Selects - $____ per select 9. Extraordinary services – charged as incurred 10. Conversion of Records (if necessary) – Estimate to be provided. 11. Custom processing, re-processing All other extraordinary services Vision – Inquiry Only Broker ID / Month $____ / ID Per Inquiry $____ / Inquiry Fan Web (Select) Monthly Fee $____ Inquiry Fee $____ ea. Account Maint $____ ea. Transactions $____ ea Prospect Services Fulfillment Fees $____ / month first 50 orders