SCHRODER SERIES TRUST
                          875 Third Avenue, 22nd Floor
                            New York, New York 10022

August 30, 2006

State Street Bank and Trust Company
Two Heritage Drive
North Quincy, MA 02171

Ladies and Gentlemen:

     This is to advise you that Schroder Series Trust (the "Trust") has
established one new series of shares to be known as Schroder International
Diversified Value Fund. In accordance with the Additional Funds provision in
Article 10 of the Transfer Agent and Service Agreement dated October 27, 1993
(the "Transfer Agency Agreement"), the Trust hereby requests that you act as
Transfer Agent for this new series under the terms of the Transfer Agency
Agreement.

     Please indicate your acceptance of the foregoing by executing and dating
two copies of this Letter Agreement in the space provided below, returning one
to the Trust and retaining one copy for your records.

Very truly yours,

SCHRODER SERIES TRUST


By: /s/ Mark A. Hemenetz
    ------------------------------------
Name: Mark A. Hemenetz
Title: President

Accepted and agreed:

STATE STREET BANK AND TRUST COMPANY


By: /s/ Joseph L. Hooley
    ------------------------------------
Name: Joseph L. Hooley
Title: Executive Vice President

Date: August 30, 2006