Terms of Use Agreement (Dated as of October 12, 2007)

This Terms of Use Agreement (the “Agreement”) is a binding contract between you and Lord Abbett Investments. It governs your use of this website including all of the content, services, tools and information available through this website (collectively, the “Website” or this “Website”). By using or accessing this Website, you accept and agree to be bound by these terms of use. If you do not agree with the terms and conditions of the Agreement, you are not granted permission to access or otherwise use this Website. These terms of use are in addition to any other agreements between you and Lord Abbett, including any customer or account agreements, and any other agreements that govern your use of Lord Abbett’s or the products, services, content, tools and information provided by companies not affiliated with Lord Abbett and that are available on the Website.

Your use of the Website is governed by the version of the Agreement in effect on the date you access the Website. Lord Abbett reserves the right to amend the Agreement at any time, without notice. If you use the Website after the amended Agreement had been posted to the Website, you will be deemed to have agreed to the terms of use, as amended under the Agreement.

Authorized Use. The Website is intended only for your personal, non-commercial use, unless Lord Abbett has agreed otherwise in writing. This Website is intended solely for residents of the U.S. If you choose to access this Website from locations outside of the U.S., you do so at your own initiative and risk, and are responsible for compliance with all applicable laws.

Prohibited Uses. You may not use the Website in any manner that could damage or overburden any Lord Abbett server, or any network connected to any Lord Abbett server. You may not use the Website in any manner that would interfere with any other party’s use of the Website. Access to and use of password-protected areas of the Website are restricted to authorized users only. You may not obtain or attempt to obtain unauthorized access to such parts of the Website through any means not intentionally made available by Lord Abbett for your specific use. Unauthorized persons attempting to access, or actually accessing, these areas can be subject to criminal and/or civil prosecution.

Information for Non-U.S. Investors. The Website is intended solely for U.S. residents. Nothing on this Website shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such solicitation, offer, purchase or sale would be unlawful under the laws of that jurisdiction. If you do not reside in the U.S., please visit one of the non-U.S. sites for assistance with products and services that may be legally available in your place of residence.

Online Access to Accounts. If you maintain an account with a Lord Abbett fund that you access through the Website, you are solely responsible for maintaining the confidentiality of your account and password (or Personal Identification Number or PIN) and for restricting access to your computer. You agree to accept responsibility for all activities occurring under your account or password that are due to your conduct, inaction, or negligence. Please notify us immediately if you become aware of any disclosure, loss, theft or unauthorized use of your password.

No investment recommendations or professional advice. This Website is not intended to provide any tax, legal, insurance or investment advice, and nothing on the Website should be construed as a recommendation to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. You and your financial advisor should determine whether any investment, security or strategy or any other product or service, is appropriate or suitable for you based on your personal financial situation and investment objectives. You should consult an attorney or tax professional regarding your specific legal or tax situation.

Data is Not Guaranteed. Reasonable precautions have been taken to ensure that Website content, including account information and pricing data, are complete and accurate. However, due to the nature of information delivery technology and the necessity of using multiple data sources, Lord Abbett is unable to assure the accuracy of the data you access through this Website. The Website content is presented only as of the date published or indicated and may be superseded by subsequent market events or other reasons.

Disclaimer of Warranties. YOU ACKNOWLEDGE AND AGREE THAT THIS WEBSITE IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. NONE OF LORD ABBETT, ITS AFFILIATES OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS (COLLECTIVELY, THE “LORD ABBETT PARTIES”) GUARANTEES THE TIMELINESS, ACCURACY, RELIABILITY, COMPLETENESS, OR USEFULNESS OF ANY OF THE WEBSITE. NONE OF THE LORD ABBETT PARTIES WARRANT THAT THIS WEBSITE WILL MEET YOUR NEEDS OR EXPECTATIONS, OR BE UNINTERRUPTED, SECURE OR ERROR FREE OR THAT THIS WEBSITE, ITS SERVER OR ANY DATA AVAILABLE FOR DOWNLOADING THROUGH THIS WEBSITE ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL ELEMENTS. THE LORD ABBETT PARTIES HAVE NO RESPONSIBILITY FOR VIRUSES OR ANY OTHER DAMAGE THAT MAY BE CAUSED TO YOU AS A RESULT OF USING THIS WEBSITE. PERIODS OF VOLATILE OR UNUSUAL MARKET ACTIVITY, IN PARTICULAR, MAY AFFECT SYSTEMS AVAILABILITY OR RESPONSE TIME.

YOU EXPRESSLY AGREE THAT THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THIS WEBSITE AND THE TIMELINESS, USEFULNESS, ACCURACY OR COMPLETENESS OF THE WEBSITE IS ASSUMED SOLELY BY YOU. ALL OF THE LORD ABBETT PARTIES HEREBY SPECIFICALLY DISCLAIM ANY REPRESENTATIONS, ENDORSEMENTS, GUARANTEES, OR WARRANTIES, EXPRESS OR IMPLIED, REGARDING THIS WEBSITE,INCLUDING WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT OF THIRD-PARTY RIGHTS. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ALL OF THE LOARD ABBETT PARTIES DISCLAIM ANY WARRANTIES WITH RESPECT TO ANY RESULTS THAT MAY BE OBTAINED FROM THE USE OF THIS WEBSITE.

Limitation of Liability. YOUR SOLE REMEDY FOR DISSATISFACTION WITH YOUR USE OF THE WEBSITE IS TO STOP USING THE WEBSITE. YOU AGREE THAT UNDER NO CIRCUMSTANCES WILL THE LORD ABBETT PARTIES BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES (COLLECTIVELY, THE “EXCLUDED DAMAGES”), ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR USE OF OR INABILITY TO USE THIS WEBSITE, INCLUDING BUT NOT LIMITED TO: LOSS OF REVENUE, TRADING LOSSES, ANTICIPATED PROFITS, BUSINESS, SAVINGS, GOODWILL OR DATA; ANY FAILURE OF PERFORMANCE, DENIAL OF SERVICE, ATTACK, INTERRUPTION, DEFECT, OPERATOR ERRORS, INCONVENIENCE OR DELAY IN OPERATION OR TRANSMISSION OR COMPUTER VIRUS; FAILURE OF ELECTRONIC OR MECHANICAL EQUIPMENT OR COMMUNICATIONS LINES (INCLUDING TELEPHONE, CABLE AND INTERNET);, SEVERE OR EXTRADODINARY WEATHER (INCLUDING FLOOD, EARTHQUAKE, OR OTHER ACT OF GOD); FIRE, WAR, INSURRECTION, TERRORIST ACT, RIOT,LABOR DISPUTE AND OTHER LABOR PROBLEMS, ACCIDENT, EMERGENCY OR ACTION OF GOVERNMENT; OR THIRD PARTY THEFT OF, DESTRUCTIONOF, UNAUTHORIZED ACCESS TO, ALTERATION OR USE OF YOUR INFORMATION, EQUIPMENT OR PROPERTY, EVEN IF THE LORD ABBETT PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF OR COULD HAVE FORESEEN THE EXCLUDED DAMAGES. FURTHER, THE LORD ABBETT PARTIES WILL NOT BE RESPONSIBLE FOR ANY FAILURE TO COMPLY, BY YOU OR ANY THIRD PARTY, WITH THESE TERMS OR WITH APPLICABLE FEDERAL, STATE AND LOCAL LAWS.

THESE LIMITATIONS OF LIABILITY WILL APPLY REGARDLESS OF: (I) ANY NEGLIGENCE OR GROSS NEGLIGENCE OF ANY LORD ABBETT PARTY OR (II) WHETHER THE LIABILITY ARISES IN NEGLIGENCE, STRICT LIABILITY,CONTRACT, TORT (INCLUDING NEGLIGENCE) OR ANY OTHER THEORY OF LEGAL LIABILITY; AND WILL REMAIN IN EFFECT EVEN IF ANY REMEDYFAILS OF ITS ESSENTIAL PURPOSE. SOME STATES DO NOT ALLOW THE LIMITATION OF LIABILITY OR EXCLUSION OF WARRANTIES, SO THE ABOVE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU. IN THOSE STATES, THE LORD ABBETT PARTIES’ LIABILITY WILL BE LIMITED TO THE GREATEST EXTENT PERMITTED BY LAW.

Copyright and Trademark Information

You acknowledge that this Website is protected by applicable copyrights, trademarks, and the protections of other intellectual property laws, and that these intellectual property rights are valid and protected regardless of the form, media or technology in which they may be used. Accordingly, you may not copy, distribute or modify the Website, except as explicitly authorized by Lord Abbett in writing.

Lord Abbett grants you a non-exclusive, personal, non-transferable, non-sublicensable, limited and revocable right to access, use and display this Website on any computers or other electronic display device of which you are a user, for your personal and noncommercial use only. You agree to use the Website only for lawful purposes. No other use of the Website is authorized unless Lord Abbett has agreed otherwise in writing.

The following trademarks are the property of Lord Abbett and are protected in the U.S. and/or in other jurisdictions:

Lord Abbett is the owner of the service mark for a knight design logo and U. S. Registration Service Mark No. 1,968,193 for such registered service mark as maintained by the U.S. Patent and Trade Office. Such service mark appears as follows:

Lord Abbett is the owner of the service mark “LORD ABBETT™” and U. S. serial number 76/678547 for such service mark, with registration pending with the U.S. Patent and Trademark Office.

The following trademarks and service marks are the property of their respective holders:

Adobe®, the Adobe logo, Acrobat®, and Adobe® Reader® are registered trademarks of Adobe Systems Incorporated.

America Online®, AOL®, and the AOL Triangle Logo® are registered trademarks of America Online Inc.

Dow Jones Indexes^SM are service marks of Dow Jones & Company, Inc. © Dow Jones & Company, Inc. All Rights Reserved.

Firefox® is a registered trademark of the Mozilla® Corporation.

FTSE® is a registered trademark jointly owned by Financial Times Limited and the London Stock Exchange Plc.

Macintosh® and Safari™ are registered trademarks of Apple Computer, Inc.

Media Player™ is a trademark of Microsoft.

Microsoft®, Excel®, Internet Explorer®, PowerPoint® and Windows® are registered trademarks of Microsoft Corporation.

Netscape® Navigator® and Netscape® Communicator® are registered trademarks of Netscape Communications Corporation.

Quicken® and TurboTax® are registered trademarks of Intuit, Inc.

RealAudio® and RealPlayer® are registered trademarks of RealNetworks, Inc.

Standard & Poor’s 500 Composite Index^SM and S&P 500® are service/trademarks owned by The McGraw-Hill Companies, Inc.

Vision® is a registered trademark of DST Systems, Inc.

Other product and company names mentioned herein may be the trademarks or service marks of their respective holders.