EXHIBIT (h)(7)

                              OMNIBUS FEE AGREEMENT



                              OMNIBUS FEE AGREEMENT
               FOR THE INSTITUTIONAL TAX-EXEMPT MONEY MARKET FUND

      THIS AGREEMENT is made as of July 1, 2004, by and between AMERICAN
PERFORMANCE FUNDS, (the "Trust"), a Massachusetts business trust, and BISYS FUND
SERVICES OHIO, INC. ("BISYS"), an Ohio corporation.

      WHEREAS, the Trust is an open-end management investment company registered
under the Investment Company Act of 1940, as amended (the "1940 Act") consisting
of several series of shares of beneficial interest reflecting interests in
separate investment portfolios (the "Funds");

      WHEREAS, the Trust and BISYS have entered into a Fund Accounting
Agreement, and a Transfer Agency Agreement, each of which is dated the date
hereof, concerning the provision of fund accounting, and transfer agency
services, respectively, for the Funds;

      WHEREAS, BOk Investment Advisors has been appointed by the Trust as the
Administrator of the Trust and has entered into a Sub-Administration agreement
with BISYS which is dated the date hereof; and

      WHEREAS, the parties desire to set forth the compensation payable for the
Institutional Tax-Exempt Money Market Fund (the "Fund") by the Trust under the
foregoing agreements in a separate written document.

      NOW, THEREFORE, in consideration of the mutual premises and covenants
herein set forth, the parties agree as follows:

      1. The Fund Accounting Agreement, Transfer Agency Agreement, and
Sub-Administration Agreement referred to herein shall be referred to
collectively as the "Service Agreements."

      2. The Trust shall pay to BISYS on the first business day of each month,
or at such time(s) as BISYS shall request and the parties hereto shall agree, an
asset-based fee, computed daily, at the annual rate of 0.10% (10 basis points)
of the average daily net asset value of the Fund.

      3. In each month, the monthly amount of the fee set forth in paragraph 2
above ("monthly fee") shall be deemed to include that month's charge for the
various out-of-pocket expenses that are payable to BISYS under the Service
Agreements ("monthly charge for expenses"), but only to the extent that the
monthly charge for expenses does not exceed the monthly fee for the relevant
month. In each month, BISYS shall calculate the monthly charge for expenses
according to the terms of the respective Service Agreements, and apply the total
of such amounts against the monthly fee; provided however, that in the event
that in any particular

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month the monthly charge for expenses exceeds the monthly fee, the amount of
such excess shall be payable to BISYS in addition to the monthly fee. The
monthly charge for expenses shall be the dollar amount reflected on BISYS'
accounting systems as being chargeable for the relevant month, regardless of
whether said amount reflects items provided or incurred previously, and no
credit shall be available in subsequent months for any month in which the
monthly fee exceeds the monthly charge for expenses.

      4. This Agreement relates only to the Institutional Tax-Exempt Money
Market Fund and has no affect upon the fee arrangements for the other Funds of
the Trust. Should any of the Service Agreements be terminated by the Trust for
"cause" (as defined in said Agreements), the parties hereto shall negotiate in
good faith a reduction in the fees due hereunder that is mutually agreeable to
the parties.

      5. This Agreement shall be governed by and provisions shall be construed
in accordance with the laws of the State of Ohio and the applicable provisions
of the 1940 Act. To the extent that the applicable laws of the State of Ohio, or
any of the provisions herein, conflict with the applicable provisions of the
1940 Act, the latter shall control. It is expressly agreed that the obligations
of the Trust hereunder shall not be binding upon any of the Trustees,
shareholders, nominees, officers, agents or employees of the Trust personally,
but shall bind only the trust property of the Trust. The execution and delivery
of this Agreement have been authorized by the Board, and this Agreement has been
signed and delivered by an authorized officer of the Trust, acting as such, and
neither such authorization by the Board nor such execution and delivery by such
officer shall be deemed to have been made by any of them individually or to
impose any liability on any of them personally, but shall bind only the trust
property of the Trust as provided in the Trust's Declaration of Trust.

      6. Miscellaneous

            (a)   Paragraph headings in this Agreement are included for
                  convenience only and are not to be used to construe or
                  interpret this Agreement.

            (b)   Any notices hereunder shall be given as provided in the
                  relevant Services Agreement.

            (c)   This Agreement may be executed in counterparts, each of which
                  shall be an original but all of which, taken together, shall
                  constitute one and the same agreement.

            (d)   No amendment to this Agreement shall be valid unless made in
                  writing and executed by both parties hereto.

                                    * * * * *

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      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
fully executed as of the day and year first written above.

                                                  AMERICAN PERFORMANCE FUNDS

                                                  By: /s/ Walter B. Grimm
                                                      ---------------------
                                                  Name:  Walter B. Grimm

                                                  Title:  President

                                                  BISYS FUND SERVICES OHIO, INC.

                                                  By:  /s/ Fred Nadaff
                                                      ---------------------
                                                  Name:  Fred Nadaff

                                                  Title:  President

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