REICH & TANG ASSET MANAGEMENT, LLC

                                AMENDMENT NO. 13

                                       TO

                           RULE 18F-3 MULTI-CLASS PLAN

                                January 15, 2008

I. INTRODUCTION.

     Pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended
(the "1940 Act"), the following sets forth the method for allocating fees and
expenses among each class of shares of the underlying investment funds sponsored
by Reich & Tang Asset Management, LLC that issue multiple classes of shares as
set forth in Exhibit A (each fund referred to herein as the "Fund"). In
addition, this Rule 18f-3 Multi-Class Plan (the "Plan") sets forth the
shareholder servicing arrangements, distribution arrangements, conversion
features, exchange privileges and other shareholder services of each class of
shares in the Funds.

     Each Fund is an open-end investment company registered under the 1940 Act
and the shares of which are registered on Form N-1A under the Securities Act of
1933 (see Exhibit A for each Fund's registration number). Upon the effective
date of this Plan, each Fund hereby elects to offer multiple classes of shares
pursuant to the provisions of Rule 18f-3 and this Plan. This Plan does not make
any material changes to the class arrangements and expense allocations
previously approved by the Board of Directors/Trustees of a Fund pursuant to the
exemptive order issued by the Securities and Exchange Commission to California
Daily Tax Free Income Fund, et al. under Section 6(c) of the 1940 Act on
November 18, 1992 (Release No. IC-19104).

     This Amendment No. 13 serves to (i) eliminate the Class C Shares, the J.P.
Morgan Select Class of Shares, the Thornburg Class of Shares and the First
Southwest Class of Shares and (ii) to reflect the name change of the CIBC World
Markets California Tax Exempt Fund Class of Shares to the Advantage California
Tax Exempt Liquidity Fund Shares.


II. ALLOCATION OF EXPENSES.

     Pursuant to Rule 18f-3 under the 1940 Act, each Fund shall allocate to each
class of shares (i) any fees and expenses incurred by the Fund in connection
with the distribution of such class of shares under a distribution and service
plan adopted for such class of shares pursuant to Rule 12b-1, and (ii) any fees
and expenses incurred by the Fund under a shareholder servicing plan in
connection with the provision of shareholder services to the holders of such
class of shares. In addition, pursuant to Rule 18f-3, each Fund may allocate the
following fees and expenses to a particular class of shares:

     (i)  transfer agent fees and related expenses identified by the transfer
          agent as being attributable to such class of shares;

     (ii) printing and postage expenses related to preparing and distributing
          materials such as shareholder reports, prospectuses, reports, and
          proxies to current shareholders of such class of shares or to
          regulatory agencies with respect to such class of shares;

     (iii) blue sky registration or qualification fees incurred by such class of
          shares;

     (iv) Securities and Exchange Commission registration fees incurred by such
          class of shares;

     (v)  the expense of administrative personnel and services (including, but
          not limited to, those of a fund accountant, custodian(1) or divided
          paying agent charged with calculating net asset values or determining
          or paying dividends) as required to support the shareholders of such
          class of shares;

     (vi) litigation or other legal expenses relating solely to such class of
          shares;

     (vii) fees of the Fund's Directors/Trustees incurred as a result of issues
          relating to such class of shares; and

     (viii) independent accountants' fees relating solely to such class of
          shares.

     The initial determination of the class expenses that will be allocated by a
Fund to a particular class of shares and any subsequent changes thereto will be
reviewed by the Board of Directors/Trustees and approved by a vote of the
Directors/Trustees of the Fund, including a majority of the Directors/Trustees
who are not interested persons of the Fund.

     (1)  Rule 18f-3 requires that services related to the management of the
          portfolio's assets, such as custodial fees, be borne by the Fund and
          not by class.
<PAGE>

     Income, realized and unrealized capital gains and losses, and any expenses
of a Fund not allocated to a particular class of any such Fund pursuant to this
Plan shall be allocated to each class of the Fund on the basis of the net asset
value of that class in relation to the net assets of the Fund.

III. CLASS ARRANGEMENTS.

     The following summarizes the Rule 12b-1 distribution fees, shareholder
servicing fees, exchange privileges and other shareholder services applicable to
each class of shares of the Funds. Additional details regarding such fees and
services are set forth in each Fund's current Prospectus and Statement of
Additional Information.

     A.   CLASS A SHARES(2) -

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: None.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: Up to .25% per annum of
               average daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus, Class A Shares may be exchanged for
               Class A shares of any other Fund.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     B.   CLASS B SHARES(2) -

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

(2)  Effective October 16, 2006, the names of the Class A and Class B shares of
     all of the series of the Daily Income Fund were changed to the
     Institutional Service Class and the Institutional Class, respectively.
<PAGE>

          4.   RULE 12B-1 DISTRIBUTION FEES: None.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: None.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus, Class B shares may be exchanged for
               Class B shares of other Funds.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     C.   PINNACLE CLASS OF SHARES (CREATED FOR ALL FUNDS WHICH ARE PURCHASED BY
          CLIENTS OF COWLES, SABOL & CO./MUTUAL SECURITIES, INC.)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: None.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: None.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus, Pinnacle shares may be exchanged for
               Pinnacle shares of any other Fund.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     D.   ADVANTAGE CALIFORNIA TAX EXEMPT LIQUIDITY FUND SHARES (CREATED FOR THE
          CALIFORNIA DAILY TAX FREE INCOME FUND, INC. WHICH ARE PURCHASED BY
          CLIENTS OF OPPENHEIMER & CO., INC. AND ITS AFFILIATES)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: .45% per annum of average daily net
               assets.
<PAGE>

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     E.   INSTITUTIONAL CLASS OF SHARES (DAILY INCOME FUND)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: None.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: None.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     F.   INSTITUTIONAL SERVICE CLASS OF SHARES (DAILY INCOME FUND)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.
<PAGE>

          4.   RULE 12B-1 DISTRIBUTION FEES: None.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     G.   INVESTOR CLASS OF SHARES (DAILY INCOME FUND)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: .20% per annum of average daily net
               assets.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     H.   SHORT TERM INCOME SHARES CLASS OF SHARES (DAILY INCOME FUND: MONEY
          MARKET PORTFOLIO, U.S. TREASURY PORTFOLIO AND MUNICIPAL PORTFOLIO))

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.
<PAGE>

          4.   RULE 12B-1 DISTRIBUTION FEES: .45% per annum of average daily net
               assets.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     I.   RETAIL CLASS OF SHARES (DAILY INCOME FUND)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: .65% per annum of average daily net
               assets.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     J.   INVESTOR SERVICE CLASS OF SHARES (DAILY INCOME FUND)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.
<PAGE>

          4.   RULE 12B-1 DISTRIBUTION FEES: .45% per annum of average daily net
               assets.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   CONVERSION FEATURES: None.

          7.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          8.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     K.   ADVANTAGE SHARES (DAILY INCOME FUND - MONEY MARKET PORTFOLIO, U.S.
          GOVERNMENT PORTFOLIO AND MUNICIPAL MONEY MARKET PORTFOLIO)

          1.   INITIAL SALES LOAD: None.

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: .75% per annum of average daily net
               assets.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   SUB-ACCOUNTING AND ADMINISTRATION FEES: .10% per annum of average
               daily net assets.

          7.   CONVERSION FEATURES: None.

          8.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          9.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

     L.   MONEY MARKET XPRESS FUND SHARES (DAILY INCOME FUND - MONEY MARKET
          PORTFOLIO)

          1.   INITIAL SALES LOAD: None.
<PAGE>

          2.   CONTINGENT DEFERRED SALES CHARGE: None.

          3.   REDEMPTION FEES: None.

          4.   RULE 12B-1 DISTRIBUTION FEES: .75% per annum of average daily net
               assets.

          5.   RULE 12B-1 SHAREHOLDER SERVICING FEES: .25% per annum of average
               daily net assets.

          6.   SUB-ACCOUNTING AND ADMINISTRATION FEES: .10% per annum of average
               daily net assets.

          7.   CONVERSION FEATURES: None.

          8.   EXCHANGE PRIVILEGES: Subject to restrictions and conditions set
               forth in the Prospectus.

          9.   OTHER INCIDENTAL SHAREHOLDER SERVICES: As provided in the
               Prospectus.

IV.  BOARD REVIEW.

     The Board of Directors/Trustees of each Fund shall review this Plan as
frequently as it deems necessary. Prior to any material amendments to this Plan,
a Fund's Board of Directors/Trustees, including a majority of the
Directors/Trustees that are not interested persons of the Fund, shall find that
the Plan, as proposed to be amended (including any proposed amendments to the
method of allocating class and/or fund expenses) is in the best interest of each
class of shares of a Fund individually and the Fund as a whole. In considering
whether to approve any proposed amendments(s) to the Plan, the Directors/Trustee
of the Fund shall request and evaluate such information as they consider
reasonably necessary to evaluate the proposed amendments(s) to the Plan.

     In making its determination to approve this amendment to the Plan, the
Board focused on, among other things, the relationship between or among the
classes and examined potential conflicts of interest between classes regarding
the allocation of fees, services, waivers and reimbursement of expenses, and
voting rights. The Board evaluated the level of services provided to each class
and the cost of those services to ensure that the services are appropriate and
the allocation of expenses is reasonable. In approving any subsequent amendments
to this Plan, the Board shall focus on and evaluate such factors as well as any
others deemed necessary by the Board.
<PAGE>

<TABLE>
<CAPTION>
                                    EXHIBIT A

<S>                                                                  <C>
FUND                                                                 1940 ACT REGISTRATION NUMBER

California Daily Tax Free Income Fund, Inc.                                   811-4922
Connecticut Daily Tax Free Income Fund, Inc.                                  811-4265
Florida Daily Municipal Income Fund                                           811-8654
Daily Income Fund                                                             811-8312
New Jersey Daily Tax Free Income Fund, Inc.                                   811-6152
</TABLE>