Amendment No. 1

to

Co-Administration Agreement

This Amendment No. 1 (�Amendment�), dated as of November 15, 2006, between The Commerce Funds (the �Trust�), Goldman Sachs Asset Management (�GSAM�), a division of Goldman, Sachs & Co., and Commerce Investment Advisors, Inc. (�CIA� and, together with GSAM, the �Co-Administrators� and each a �Co-Administrator�).

WHEREAS, the Trust and the Co-Administrators have entered into a Co-Administration Agreement dated as of March 1, 2005 (the �Co-Administration Agreement�);

NOW THEREFORE, the parties hereto, intending  . . .

Amendment No. 1

to

Co-Administration Agreement

This Amendment No. 1 (�Amendment�), dated as of November 15, 2006, between The Commerce Funds (the �Trust�), Goldman Sachs Asset Management (�GSAM�), a division of Goldman, Sachs & Co., and Commerce Investment Advisors, Inc. (�CIA� and, together with GSAM, the �Co-Administrators� and each a �Co-Administrator�).

WHEREAS, the Trust and the Co-Administrators have entered into a Co-Administration Agreement dated as of March 1, 2005 (the �Co-Administration Agreement�);

NOW THEREFORE, the parties hereto, intending  . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.
466 Lexington Avenue
New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.                     . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.
466 Lexington Avenue
New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.                     . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.                    . . .

Amendment No. 1

to

Co-Administration Agreement

This Amendment No. 1 (�Amendment�), dated as of November 15, 2006, between The Commerce Funds (the �Trust�), Goldman Sachs Asset Management (�GSAM�), a division of Goldman, Sachs & Co., and Commerce Investment Advisors, Inc. (�CIA� and, together with GSAM, the �Co-Administrators� and each a �Co-Administrator�).

WHEREAS, the Trust and the Co-Administrators have entered into a Co-Administration Agreement dated as of March 1, 2005 (the �Co-Administration Agreement�);

NOW THEREFORE, the parties hereto, intending  . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.             Investment Description; Appointment

Each  . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.             Investment Description; Appointment

Each  . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.
466 Lexington Avenue
New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.                     . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.             Investment Description; Appointment

Each  . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.                    . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.             Investment Description; Appointment

Each  . . .

CO-ADMINISTRATION AGREEMENT

November 1, 1999 as amended and restated November 16, 2005 and November 15, 2006

Credit Suisse Asset Management Securities, Inc.

466 Lexington Avenue

New York, New York 10017-3140

Dear Ladies and Gentlemen:

Each of the Credit Suisse Funds (and the portfolios thereof) listed in Exhibit A hereto (each a �Fund�, and together the �Funds�) confirms its agreement with Credit Suisse Asset Management Securities, Inc. (the �Administrator�) as follows:

1.             Investment Description; Appointment

Each  . . .

agreement with Credit Suisse Asset Management Securities, Inc. (the
"Administrator") as follows:

     1. Investment Description; Appointment

     Each Fund desires to employ its capital by investing and reinvesting in
investments of the kind and in accordance with the limitations specified in its
Articles of Incorporation or Declaration of Trust, as applicable, as amended
from time to time (the "Charter"), in its By-Laws, as amended from time to time
(the "By-laws"), in the Fund's prospectus(es) (the "Prospectus") and
Statement(s) of  . . .