<PAGE>
APPENDIX A
(As revised April 24, 2000)
List of Funds and Their Classes
1. Delaware Group Equity Funds I
Delaware Balanced Fund (formerly Delaware Fund)
Delaware Balanced Fund A Class
Delaware Balanced Fund B Class
Delaware Balanced Fund C Class
Delaware Balanced Fund Institutional Class
Delaware Devon Fund
Delaware Devon Fund A Class
Delaware Devon Fund B Class
Delaware Devon Fund C Class
Delaware Devon Fund Institutional Class
2. Delaware Group Equity Funds II
Delaware Decatur Equity Income Fund (formerly Decatur Income
Fund)
Delaware Decatur Equity Income Fund A Class
Delaware Decatur Equity Income Fund B Class
Delaware Decatur Equity Income Fund C Class
Delaware Decatur Equity Income Fund Institutional
Class
Delaware Growth and Income Fund (formerly Decatur Total Return
Fund)
Delaware Growth and Income Fund A Class
Delaware Growth and Income Fund B Class
Delaware Growth and Income Fund C Class
Delaware Growth and Income Fund Institutional Class
Delaware Blue Chip Fund (Added February 24, 1997)
Delaware Blue Chip Fund A Class
Delaware Blue Chip Fund B Class
Delaware Blue Chip Fund C Class
Delaware Blue Chip Fund Institutional Class
<PAGE>
Delaware Social Awareness Fund (formerly Quantum Fund)
(Added February 24, 1997)
Delaware Social Awareness Fund A Class
Delaware Social Awareness Fund B Class
Delaware Social Awareness Fund C Class
Delaware Social Awareness Fund Institutional Class
Delaware Diversified Value Fund (Added September 14, 1998)
Delaware Diversified Value Fund A Class
Delaware Diversified Value Fund B Class
Delaware Diversified Value Fund C Class
Delaware Diversified Value Fund Institutional Class
3. Delaware Group Equity Funds III (Formerly Trend)
Delaware Trend Fund
Delaware Trend Fund A Class
Delaware Trend Fund B Class
Delaware Trend Fund C Class
Delaware Trend Fund Institutional Class
Delaware Technology and Innovation Fund (added December 22,
1999)
Delaware Technology and Innovation Fund A Class
Delaware Technology and Innovation Fund B Class
Delaware Technology and Innovation Fund C Class
Delaware Technology and Innovation Fund Institutional
Class
Delaware American Services Fund (added December 22, 1999)
Delaware American Services Fund A Class
Delaware American Services Fund B Class
Delaware American Services Fund C Class
Delaware American Services Fund Institutional Class
Delaware Research Fund (added December 22, 1999)
Delaware Research Fund A Class
Delaware Research Fund B Class
Delaware Research Fund C Class
Delaware Research Fund Institutional Class
<PAGE>
Delaware Large Cap Growth Fund (added December 22, 1999)
Delaware Large Cap Growth Fund A Class
Delaware Large Cap Growth Fund B Class
Delaware Large Cap Growth Fund C Class
Delaware Large Cap Growth Fund Institutional Class
4. Delaware Group Equity Funds IV
Delaware Growth Opportunities Fund (formerly Delaware DelCap
Fund)
Delaware DelCap Fund A Class
Delaware DelCap Fund B Class
Delaware DelCap Fund C Class
Delaware DelCap Fund Institutional Class
Delaware Diversified Growth Fund (formerly Capital
Appreciation Fund (Added November 29, 1996)
Delaware Diversified Growth Fund A Class
Delaware Diversified Growth Fund B Class
Delaware Diversified Growth Fund C Class
Delaware Diversified Growth Fund Institutional Class
5. Delaware Group Equity Funds V (Formerly Value)
Delaware Small Cap Value Fund (Formerly Value Fund)
Delaware Small Cap Value Fund A Class
Delaware Small Cap Value Fund B Class
Delaware Small Cap Value Fund C Class
Delaware Small Cap Value Fund Institutional Class
Delaware Retirement Income Fund (Added November 29, 1996)
Delaware Retirement Income Fund A Class
Delaware Retirement Income Fund B Class
Delaware Retirement Income Fund C Class
Delaware Retirement Income Fund Institutional Class
Delaware Mid-Cap Value Fund (Added December 18, 1998)
Delaware Mid-Cap Value Fund A Class
Delaware Mid-Cap Value Fund B Class
Delaware Mid-Cap Value Fund C Class
Delaware Mid-Cap Value Fund Institutional Class
<PAGE>
Delaware Small Cap Contrarian Fund (Added December 18, 1998)
Delaware Small Cap Contrarian Fund A Class
Delaware Small Cap Contrarian Fund B Class
Delaware Small Cap Contrarian Fund C Class
Delaware Small Cap Contrarian Fund Institutional
Class
6. Delaware Group Global & International Funds
Delaware International Equity Fund
Delaware International Equity Fund A Class
Delaware International Equity Fund B Class
Delaware International Equity Fund C Class
Delaware International Equity Fund Institutional
Class
Delaware Global Bond Fund
Delaware Global Bond Fund A Class
Delaware Global Bond Fund B Class
Delaware Global Bond Fund C Class
Delaware Global Bond Fund Institutional Class
Delaware Global Equity Fund (formerly Global Assets Series)
Delaware Global Equity Fund A Class
Delaware Global Equity Fund B Class
Delaware Global Equity Fund C Class
Delaware Global Equity Fund Institutional Class
Delaware Emerging Markets Fund (Added May 1, 1996)
Delaware Emerging Markets Fund A Class
Delaware Emerging Markets Fund B Class
Delaware Emerging Markets Fund C Class
Delaware Emerging Markets Fund Institutional Class
Delaware Latin America Fund (Added December 18, 1998)
Delaware Latin America Fund A Class
Delaware Latin America Fund B Class
Delaware Latin America Fund C Class
Delaware Latin America Fund Institutional Class
<PAGE>
Delaware New Europe Fund (Added December 18, 1998)
Delaware New Europe Fund A Class
Delaware New Europe Fund B Class
Delaware New Europe Fund C Class
Delaware New Europe Fund Institutional Class
7. Delaware Group Income Funds
Delaware Delchester Fund (Added April 24, 2000)
Delaware Delchester Fund A Class
Delaware Delchester Fund B Class
Delaware Delchester Fund C Class
Delaware Delchester Fund Institutional Class
Delaware High-Yield Opportunities Fund (Added April 24, 2000)
Delaware High-Yield Opportunities Fund A Class
Delaware High-Yield Opportunities Fund B Class
Delaware High-Yield Opportunities Fund C Class
Delaware High-Yield Opportunities Fund Institutional
Class
Delaware Strategic Income Fund (Added September 30, 1996)
Delaware Strategic Income Fund A Class
Delaware Strategic Income Fund B Class
Delaware Strategic Income Fund C Class
Delaware Strategic Income Fund Institutional Class
8. Delaware Pooled Trust
The Real Estate Investment Trust Portfolio (added
October 14, 1997)
REIT Fund A Class
REIT Fund B Class
REIT Fund C Class
REIT Fund Institutional Class
9. Delaware Group Foundation Funds (added December 18, 1997)
Delaware Income Portfolio
Delaware Income Fund A Class
Delaware Income Fund B Class
Delaware Income Fund C Class
Delaware Income Fund Institutional Class
<PAGE>
Delaware Balanced Portfolio
Delaware Balanced Fund A Class
Delaware Balanced Fund B Class
Delaware Balanced Fund C Class
Delaware Balanced Fund Institutional Class
Delaware Growth Portfolio
Delaware Growth Fund A Class
Delaware Growth Fund B Class
Delaware Growth Fund C Class
Delaware Growth Fund Institutional Class
Delaware S&P 500 Index Fund (added December 22, 1999)
Delaware S&P 500 Index Fund A Class
Delaware S&P 500 Index Fund B Class
Delaware S&P 500 Index Fund C Class
Delaware S&P 500 Index Fund Institutional Class
Delaware S&P 500 Index Fund Consultant Class
