<PAGE>
Exhibit (h)(8)
Schedule A
to the Fund Accounting Agreement
between BISYS Fund Services Ohio, Inc.
(formerly known as The Winsbury Service Corporation)
and M.S.D. & T. Funds, Inc.
dated October 1, 1993
Name of Fund Name of Fund
------------ ------------
Prime Money Market Fund Diversified Real Estate Fund
Government Money Market Fund Equity Income Fund
Tax-Exempt Money Market Fund Equity Growth Fund
Growth & Income Fund Total Return Bond Fund
Limited Maturity Bond Fund National Tax-Exempt Bond Fund
Maryland Tax-Exempt Bond Fund Intermediate Tax-Exempt Bond Fund
International Equity Fund Capital Opportunities Fund
M.S.D. & T. FUNDS, INC.
By: /s/ Leslie B. Disharoon
------------------------
Name: Leslie B. Disharoon
-------------------
Title: President
-------------------
Date: July 5, 2000
BISYS FUND SERVICES OHIO, INC.
By: /s/ Mark A. Dillion
--------------------
Name: Mark A. Dillion
---------------
Title: EVP Investment Services
-----------------------
Date: July 5, 2000
<PAGE>
Schedule B
to the Fund Accounting Agreement
between BISYS Fund Services Ohio, Inc.
(formerly known as The Winsbury Service Corporation)
and M.S.D. & T. Funds, Inc.
dated October 1, 1993
Name of Fund Compensation
------------ ------------
Prime Money Market Fund Annual rate of two one-hundredths of
one percent (.02%) of the Prime Money
Market Fund's average daily net assets.
Government Money Market Fund Annual rate of two one-hundredths of
one percent (.02%) of the Government
Money Market Fund's average daily net
assets.
Tax-Exempt Money Market Fund Annual rate of three one-hundredths of
one percent (.03%) of the Tax-Exempt
Money Market Fund's average daily net
assets.
Growth & Income Fund Annual rate of three one-hundredths of
one percent (.03%) of the Growth &
Income Fund's average daily net assets.
Limited Maturity Bond Fund Annual rate of three one-hundredths of
one percent (.03%) of the Limited
Maturity Bond Fund's average daily net
assets.
Maryland Tax-Exempt Bond Fund Annual rate of four one-hundredths of
one percent (.04%) of the Maryland Tax
Exempt Bond Fund's average daily net
assets.
B-1
<PAGE>
Name of Fund Compensation
------------ ------------
International Equity Fund Annual rate of five one-hundredths of
one percent (.05%) of the International
Equity Fund's average daily net assets.
Diversified Real Estate Fund Annual rate of three one-hundredths of
one percent (.03%) of the Diversified
Real Estate Fund's average daily net
assets.
Equity Income Fund Annual rate of three one-hundredths of
one percent (.03%) of the Equity Income
Fund's average daily net assets.
Equity Growth Fund Annual rate of three one-hundredths of
one percent (.03%) of the Equity Growth
Fund's average daily net assets.
Total Return Bond Fund Annual rate of three one-hundredths of
one percent (.03%) of the Total Return
Bond Fund's average daily net assets.
National Tax-Exempt Bond Fund Annual rate of four one-hundredths of
one percent (.04%) of the National Tax-
Exempt Bond Fund's average daily net
assets.
Intermediate Tax-Exempt Bond Fund Annual rate of four one-hundredths of
one percent (.04%) of the Intermediate
Tax-Exempt Bond Fund's average daily
net assets.
Capital Opportunities Fund Annual rate of three one-hundredths of
one percent (.03%) of the Capital
Opportunities Fund's average daily net
assets.
B-2
<PAGE>
Multiple Classes of Shares:
--------------------------
Each class of shares within a Fund that maintains multiple classes of shares
having different net asset values or paying different daily dividends are
subject to a minimum annual fee of $10,000 per additional class.
M.S.D.& T. FUNDS, INC.
By: /s/ Leslie B. Disharoon
-----------------------
Name: Leslie B. Disharoon
-------------------
Title: President
------------------
Date: July 5, 2000
BISYS FUND SERVICES OHIO, INC.
By: /s/ Mark A. Dillion
-------------------
Name: Mark A. Dillion
---------------
Title: EVP Investment Services
-----------------------
Date: July 5, 2000
B-3
