ADMINISTRATION AND ACCOUNTING SERVICES AGREEMENT

      THIS AGREEMENT is made as of May 18, 2009 by and between PNC GLOBAL
INVESTMENT SERVICING (U.S.) INC., a Massachusetts corporation ("PNC"), and FIRST
TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND II, a Massachusetts business
trust (the "Fund").

                             W I T N E S S E T H :

      WHEREAS, the Fund is registered as a closed-end management investment
company under the Investment Company Act of 1940, as amended (the "1940 Act");
and

      WHEREAS, the Fund wishes to retain PNC to provide administration and
accounting services, and PNC wishes to furnish such services.

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, and intending to be legally bound hereby the parties hereto
agree as follows:

1.    DEFINITIONS. As used in this Agreement:

      (a)   "1933 Act" means the Securities Act of 1933, as amended.

      (b)   "1934 Act" means the Securities Exchange Act of 1934, as amended.

      (c)   "Authorized Person" means any officer of the Fund and any other
            person duly authorized by the Fund to give Oral Instructions and
            Written Instructions on behalf of the Fund. An Authorized Person's
            scope of authority may be limited by setting forth such limitation
            in a written document signed by both parties hereto.

      (d)   "Oral Instructions" mean oral instructions received by PNC from an
            Authorized Person or from a person reasonably believed by PNC to be
            an Authorized Person. PNC may, in its sole discretion in each
            separate instance, consider and rely upon instructions it receives
            from an Authorized Person via electronic mail as Oral Instructions.


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      (e)   "SEC" means the Securities and Exchange Commission.

      (f)   "Securities Laws" means the 1933 Act, the 1934 Act and the 1940 Act.

      (g)   "Shares" mean the shares of beneficial interest of the Fund.

      (h)   "Written Instructions" mean (i) written instructions signed by an
            Authorized Person and received by PNC or (ii) trade instructions
            transmitted (and received by PNC) by means of an electronic
            transaction reporting system access to which requires use of a
            password or other authorized identifier. The instructions may be
            delivered electronically (with respect to sub-item (ii) above) or by
            hand, mail, tested telegram, cable, telex or facsimile sending
            device.

2.    APPOINTMENT. The Fund hereby appoints PNC to provide administration and
      accounting services to the Fund, in accordance with the terms set forth in
      this Agreement. PNC accepts such appointment and agrees to furnish such
      services. PNC shall be under no duty to take any action hereunder on
      behalf of the Fund except as specifically set forth herein or as may be
      specifically agreed to by PNC and the Fund in a written amendment hereto.
      PNC shall not bear, or otherwise be responsible for, any fees, costs or
      expenses charged by any third party service providers engaged by the Fund
      or by any other third party service provider to the Fund.

3.    COMPLIANCE WITH RULES AND REGULATIONS.

      PNC undertakes to comply with all applicable requirements of the
      Securities Laws, and any laws, rules and regulations of governmental
      authorities having jurisdiction with respect to the duties to be performed
      by PNC hereunder. Except as specifically set forth herein, PNC assumes no
      responsibility for such compliance by the Fund or other entity.

4.    INSTRUCTIONS.

      (a)   Unless otherwise provided in this Agreement, PNC shall act only upon
            Oral Instructions or Written Instructions.


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      (b)   PNC shall be entitled to rely upon any Oral Instruction or Written
            Instruction it receives from an Authorized Person (or from a person
            reasonably believed by PNC to be an Authorized Person) pursuant to
            this Agreement. PNC may assume that any Oral Instruction or Written
            Instruction received hereunder is not in any way inconsistent with
            the provisions of organizational documents or this Agreement or of
            any vote, resolution or proceeding of the Fund's board of directors
            or of the Fund's shareholders, unless and until PNC receives Written
            Instructions to the contrary.

      (c)   The Fund agrees to forward to PNC Written Instructions confirming
            Oral Instructions (except where such Oral Instructions are given by
            PNC or its affiliates) so that PNC receives the Written Instructions
            by the close of business on the same day that such Oral Instructions
            are received. The fact that such confirming Written Instructions are
            not received by PNC or differ from the Oral Instructions shall in no
            way invalidate the transactions or enforceability of the
            transactions authorized by the Oral Instructions or PNC's ability to
            rely upon such Oral Instructions.

5.    RIGHT TO RECEIVE ADVICE.

      (a)   Advice of the Fund. If PNC is in doubt as to any action it should or
            should not take, PNC may request directions or advice, including
            Oral Instructions or Written Instructions, from the Fund.

      (b)   Advice of Counsel. If PNC shall be in doubt as to any question of
            law pertaining to any action it should or should not take, PNC may
            request advice from counsel of its own choosing (who may be counsel
            for the Fund, the Fund's investment adviser or PNC, at the option of
            PNC). The Fund shall pay the reasonable cost of any counsel retained
            by PNC with prior notice to the Fund.

      (c)   Conflicting Advice. In the event of a conflict between directions or
            advice or Oral Instructions or Written Instructions PNC receives

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            from the Fund and the advice PNC receives from counsel, PNC may rely
            upon and follow the advice of counsel.

      (d)   Protection of PNC. PNC shall be indemnified by the Fund and without
            liability for any action PNC takes or does not take in reliance upon
            directions or advice or Oral Instructions or Written Instructions
            PNC receives from or on behalf of the Fund or from counsel and which
            PNC believes, in good faith, to be consistent with those directions
            or advice and Oral Instructions or Written Instructions. Nothing in
            this section shall be construed so as to impose an obligation upon
            PNC (i) to seek such directions or advice or Oral Instructions or
            Written Instructions, or (ii) to act in accordance with such
            directions or advice or Oral Instructions or Written Instructions.

6.    RECORDS; VISITS.

      (a)   The books and records pertaining to the Fund which are in the
            possession or under the control of PNC shall be the property of the
            Fund. Such books and records shall be prepared and maintained as
            required by the 1940 Act and other applicable securities laws, rules
            and regulations provided the Fund provides PNC with written notice
            of such laws, rules and regulations, other than the 1940 Act and the
            Internal Revenue Code of 1986, as amended, that are applicable. The
            Fund and Authorized Persons shall have access to such books and
            records at all times during PNC's normal business hours upon
            reasonable advance notice. Upon the reasonable request of the Fund,
            copies of any such books and records shall be provided by PNC to the
            Fund or to an Authorized Person, at the Fund's expense.

      (b)   PNC shall keep the following records:

            (i)   all books and records with respect to the Fund's books of
                  account;

            (ii)  records of the Fund's securities transactions; and


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            (iii) all other books and records as PNC is required to maintain
                  pursuant to Rule 31a-1 of the 1940 Act in connection with the
                  services provided hereunder.

7.    CONFIDENTIALITY. Each party shall keep confidential any information
      relating to the other party's business ("Confidential Information").
      Confidential Information shall include (a) any data or information that is
      competitively sensitive material, and not generally known to the public,
      including, but not limited to, information about product plans, marketing
      strategies, finances, operations, customer relationships, customer
      profiles, customer lists, sales estimates, business plans, and internal
      performance results relating to the past, present or future business
      activities of the Fund or PNC and their respective subsidiaries and
      affiliated companies; (b) any scientific or technical information, design,
      process, procedure, formula, or improvement that is commercially valuable
      and secret in the sense that its confidentiality affords the Fund or PNC a
      competitive advantage over its competitors; (c) all confidential or
      proprietary concepts, documentation, reports, data, specifications,
      computer software, source code, object code, flow charts, databases,
      inventions, know-how, and trade secrets, whether or not patentable or
      copyrightable; and (d) anything designated as confidential.
      Notwithstanding the foregoing, information shall not be Confidential
      Information and shall not be subject to such confidentiality obligations
      if: (a) it is necessary for PNC to release such information in connection
      with the provision of services under this Agreement; (b) it is already
      known to the receiving party at the time it is obtained; (c) it is or
      becomes publicly known or available through no wrongful act of the
      receiving party; (d) it is rightfully received from a third party who, to
      the best of the receiving party's knowledge, is not under a duty of
      confidentiality; (e) it is released by the protected party to a third
      party without restriction; (f) it is requested or required to be disclosed
      by the receiving party pursuant to a court order, subpoena, governmental
      or regulatory agency request or law (provided the receiving party will

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      provide the other party written notice of the same, to the extent such
      notice is permitted); (g) it is Fund information provided by PNC in
      connection with an independent third party compliance or other review; (h)
      it is relevant to the defense of any claim or cause of action asserted
      against the receiving party; or (i) it has been or is independently
      developed or obtained by the receiving party. PNC acknowledges and agrees
      that in connection with its services under this Agreement it receives
      non-public confidential portfolio holdings information ("Portfolio
      Information") with respect to the Fund. PNC agrees that, subject to the
      foregoing provisions of and the exceptions set forth in this Section 7
      (other than the exception set forth above in this Section 7 as sub-item
      (a), which exception set forth in sub-item (a) shall not be applicable to
      the Fund's Portfolio Information), PNC will keep confidential the Fund's
      Portfolio Information and will not disclose the Fund's Portfolio
      Information other than pursuant to a Written Instruction (which Written
      Instruction may be a standing Written Instruction); provided that without
      the need for such a Written Instruction and notwithstanding any other
      provision of this Section 7 to the contrary, the Fund's Portfolio
      Information may be disclosed to third party pricing services which are
      engaged by PNC in connection with the provision of services under this
      Agreement and which shall be subject to a duty of confidentiality with
      respect to such Portfolio Information.

8.    LIAISON WITH ACCOUNTANTS. PNC shall act as liaison with the Fund's
      independent public accountants and shall provide account analyses, fiscal
      year summaries, and other audit-related schedules with respect to the
      Fund. PNC shall take all reasonable action in the performance of its
      duties under this Agreement to assure that the necessary information is
      made available to such accountants for the expression of their opinion, as
      required by the Fund.

9.    PNC SYSTEM. PNC shall retain title to and ownership of any and all data
      bases, computer programs, screen formats, report formats, interactive
      design techniques, derivative works, inventions, discoveries, patentable

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      or copyrightable matters, concepts, expertise, patents, copyrights, trade
      secrets, and other related legal rights utilized by PNC in connection with
      the services provided by PNC to the Fund.

10.   DISASTER RECOVERY. PNC shall enter into and shall maintain in effect with
      appropriate parties one or more agreements making reasonable provisions
      for emergency use of electronic data processing equipment to the extent
      appropriate equipment is available. In the event of equipment failures,
      PNC shall, at no additional expense to the Fund, take reasonable steps to
      minimize service interruptions. PNC shall have no liability with respect
      to the loss of data or service interruptions caused by equipment failure,
      provided such loss or interruption is not caused by PNC's own willful
      misfeasance, bad faith, negligence or reckless disregard of its duties or
      obligations under this Agreement.

11.   COMPENSATION.

      (a)   As compensation for services rendered by PNC during the term of this
            Agreement, the Fund will pay to PNC a fee or fees as may be agreed
            to in writing by the Fund and PNC.

      (b)   The undersigned hereby represents and warrants to PNC that (i) the
            terms of this Agreement, (ii) the fees and expenses associated with
            this Agreement, and (iii) any benefits accruing to PNC or to the
            adviser or sponsor to the Fund in connection with this Agreement,
            including but not limited to any fee waivers, conversion cost
            reimbursements, up front payments, signing payments or periodic
            payments made or to be made by PNC to such adviser or sponsor or any
            affiliate of the Fund relating to this Agreement have been fully
            disclosed to the board of directors of the Fund and that, if
            required by applicable law, such board of directors has approved or
            will approve the terms of this Agreement, any such fees and
            expenses, and any such benefits.


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12.   INDEMNIFICATION.

      (a)   The Fund agrees to indemnify, defend and hold harmless PNC and its
            affiliates providing services under this Agreement, including their
            respective officers, directors, agents and employees, from all
            taxes, charges, expenses, assessments, claims and liabilities
            (including, without limitation, reasonable attorneys' fees and
            disbursements and liabilities arising under the Securities Laws and
            any state and foreign securities and blue sky laws) ("Claims")
            arising directly or indirectly from any action or omission to act
            which PNC takes in connection with the provision of services to the
            Fund. Neither PNC, nor any of its affiliates, shall be indemnified
            against any liability (or any expenses incident to such liability)
            caused by PNC's or its affiliates' own willful misfeasance, bad
            faith, negligence or reckless disregard in the performance of PNC's
            or its affiliates' activities under this Agreement. The provisions
            of this Section 12 shall survive termination of this Agreement.

      (b)   Indemnification of the Fund. PNC agrees to defend, indemnify and
            hold the Fund and its officers, directors and employees harmless
            from any and all Claims arising directly or indirectly from the
            negligence, bad faith, reckless disregard or willful misfeasance of
            PNC and its affiliates in the performance of its duties hereunder.
            Notwithstanding the foregoing, the Fund shall not be indemnified
            against any Claim caused by the Fund's or the Fund's other service
            providers' willful misfeasance, bad faith or negligence.

      (c)   Indemnification Procedure.

            (i)   Notice of the Action. A party that seeks indemnification under
                  this Agreement must promptly give the other party notice of
                  any legal action; provided, however, that a delay in notice
                  does not relieve an indemnifying party of any liability to an
                  indemnified party, except to the extent the indemnifying party
                  shows that the delay prejudiced the defense of the action.


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            (ii)  Participating in or Assuming the Defense. The indemnifying
                  party may participate in the defense at any time or it may
                  assume the defense by giving notice to the other party. After
                  assuming the defense, the indemnifying party:

                  (1)   must select an attorney that is satisfactory to the
                        other party;


                  (2)   is not liable to the other party for any later
                        attorney's fees or for any other later expenses that the
                        other party incurs, except for reasonable investigation
                        costs;

                  (3)   must not compromise or settle the action without the
                        other party's consent (but the other party must not
                        unreasonably withhold its consent); and

                  (4)   is not liable for any compromise or settlement made
                        without its consent.

            (iii) Failing to Assume the Defense. If the indemnifying party fails
                  to participate in or assume the defense within 15 days after
                  receiving notice of the action, the indemnifying party is
                  bound by any determination made in the action or by any
                  compromise or settlement made by the other party.

13.   RESPONSIBILITY OF PNC.

      (a)   PNC shall be under no duty to take any action hereunder on behalf of
            the Fund except as specifically set forth herein or as may be
            specifically agreed to by PNC and the Fund in a written amendment
            hereto. PNC shall be obligated to exercise commercially reasonable
            care and diligence in the performance of its duties hereunder and to
            act in good faith in performing services provided for under this
            Agreement. As set forth herein, and as may be agreed to in writing
            from time to time by PNC and the Fund with regard to such matters of
            liability, PNC shall be liable only for any damages arising out of
            PNC's failure to perform its duties under this Agreement to the
            extent such damages arise out of PNC's willful misfeasance, bad
            faith, negligence or reckless disregard of such duties.


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      (b)   Notwithstanding anything in this Agreement to the contrary, PNC
            shall not be liable for losses, delays, failure, errors,
            interruption or loss of data occurring directly or indirectly by
            reason of circumstances beyond its reasonable control, including
            without limitation acts of God; action or inaction of civil or
            military authority; public enemy; war; terrorism; riot; fire; flood;
            sabotage; epidemics; labor disputes; civil commotion; interruption,
            loss or malfunction of utilities, transportation, computer or
            communications capabilities; insurrection; elements of nature; or
            non-performance by a third party; failure of the mails; or functions
            or malfunctions of the internet, firewalls, encryption systems or
            security devices caused by any of the above; and (ii) PNC shall not
            be under any duty or obligation to inquire into and shall not be
            liable for the validity or invalidity, authority or lack thereof, or
            truthfulness or accuracy or lack thereof, of any instruction,
            direction, notice, instrument or other information which PNC
            reasonably believes to be genuine. PNC shall not be liable for any
            damages arising out of any action or omission to act by any prior
            service provider of the Fund or for any failure to discover any such
            error or omission.

      (c)   Notwithstanding anything in this Agreement to the contrary, neither
            party to this Agreement nor their respective affiliates shall be
            liable for any consequential, incidental, exemplary, punitive,
            special or indirect losses or damages, whether or not the likelihood
            of such losses or damages was known by such party.

      (d)   Each party shall have a duty to mitigate damages for which the other
            party may become responsible.

      (e)   The provisions of this Section 13 shall survive termination of this
            Agreement.

14.   DESCRIPTION OF ACCOUNTING SERVICES ON A CONTINUOUS BASIS.

      PNC will perform the following accounting services with respect to the
      Fund:


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      (i)   Journalize investment, capital share and income and expense
            activities;

      (ii)  Verify investment buy/sell trade tickets when received from the
            investment adviser for the Fund (the "Adviser") and transmit trades
            to the Fund's custodian (the "Custodian") for proper settlement;

      (iii) Maintain individual ledgers for investment securities;

      (iv)  Maintain historical tax lots for each security;

      (v)   Reconcile cash and investment balances of the Fund with the
            Custodian, and provide the Adviser with the beginning cash balance
            available for investment purposes;

      (vi)  Update the cash availability throughout the day as required by the
            Adviser;

      (vii) Post to and prepare the Statement of Assets and Liabilities and the
            Statement of Operations;

     (viii) Calculate various contractual expenses (e.g., advisory and custody
            fees);

      (ix)  Monitor the expense accruals and notify an officer of the Fund of
            any proposed adjustments;

      (x)   Control all disbursements and authorize such disbursements upon
            Written Instructions;

      (xi)  Calculate capital gains and losses;

      (xii) Determine net income;

     (xiii) Obtain security market quotes from independent pricing services
            approved by the Adviser, or if such quotes are unavailable, then
            obtain such prices from the Adviser, and in either case calculate
            the market value of the Fund's Investments;

      (xiv) Transmit or mail a copy of the daily portfolio valuation to the
            Adviser;

      (xv)  Compute net asset value; and

      (xvi) As appropriate, compute yields, total return, expense ratios,
            portfolio turnover rate, and, if required, portfolio average
            dollar-weighted maturity.

15.   DESCRIPTION OF ADMINISTRATION SERVICES ON A CONTINUOUS BASIS.

      PNC will perform the following administration services with respect to the
      Fund:

      (i)   Prepare quarterly broker security transactions summaries;

      (ii)  Prepare monthly security transaction listings;


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      (iii) Supply various normal and customary Fund statistical data as
            requested on an ongoing basis;

      (iv)  Prepare for execution and file the Fund's Federal and state tax
            returns;

      (v)   Monitor the Fund's status as a regulated investment company under
            Sub-chapter M of the Internal Revenue Code of 1986, as amended;

      (vi)  Prepare the Fund's annual and semi-annual shareholder reports;

      (vii) Prepare and coordinate with the Fund's counsel post-effective
            amendments to the Fund's registration statement on Form N-2, as
            needed, and coordinate with the Fund's financial printer to file
            such amendments; and prepare and file semi-annual reports on Form
            N-SAR, subject to the review of Fund management;

     (viii) Assist in the preparation of notices of annual or special meetings
            of shareholders and proxy materials relating to such meetings;

      (ix)  Assist in obtaining the fidelity bond and directors' and
            officers'/errors and omissions insurance policies for the Fund in
            accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under
            the 1940 Act as such bond and policies are approved by the Fund's
            board of directors;

      (x)   Monitor the Fund's assets to assure adequate fidelity bond coverage
            is maintained;

      (xi)  Draft agendas, resolutions and materials for quarterly and special
            board meetings and draft written consents of the board;

      (xii) Coordinate the preparation, assembly and mailing of board materials;

     (xiii) Attend board meetings and draft minutes thereof;

      (xiv) Maintain a calendar that identifies the required SEC filing and
            board approval deadlines;

      (xv)  Assist the Fund in the handling of SEC examinations and responses
            thereto;

      (xvi) If the chief executive officer or chief financial officer of the
            Fund is required to provide a certification as part of the Fund's
            Form N-Q or Form N-CSR filing pursuant to regulations promulgated by
            the Securities and Exchange Commission under Section 302 of the
            Sarbanes-Oxley Act of 2002, PNC will provide (to such person or
            entity as agreed between the Fund and PNC) a sub-certification in
            support of certain matters set forth in the aforementioned
            certification, such sub-certification to be in such form and
            relating to such matters as agreed between the Fund and PNC from
            time to time. PNC shall be required to provide the sub-certification
            only during the term of the Agreement and only if it receives such
            cooperation as it may request to perform its investigations with

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            respect to the sub-certification. For clarity, the sub-certification
            is not itself a certification under the Sarbanes-Oxley Act of 2002
            or under any other regulatory requirement; and

     (xvii) Coordinate contractual relationships and communications between the
            Fund and its contractual service providers; and

    (xviii) Such other regulatory services as the parties hereto may from time
            to time agree upon in writing.

      All regulatory services are subject to the review and approval of Fund
counsel.

16.   DURATION AND TERMINATION.

      (a)   This Agreement shall be effective on the date first written above
            and unless terminated pursuant to its terms shall continue until
            June 12, 2010 (the "Initial Term").

      (b)   Upon the expiration of the Initial Term, this Agreement shall
            automatically renew for successive terms of one (1) year ("Renewal
            Terms") each, unless the Fund or PNC provides written notice to the
            other of its intent not to renew. Such notice must be received not
            less than ninety (90) days prior to the expiration of the Initial
            Term or the then current Renewal Term.

      (c)   In the event a termination notice is given by the Fund, all expenses
            associated with movement of records and materials and conversion
            thereof to a successor accounting and administration services
            agent(s) (and any other service provider(s)), and all trailing
            expenses incurred by PNC, will be borne by the Fund and paid to PNC
            if known at such time prior to any such conversion.

      (d)   If a party hereto is guilty of a material failure to perform its
            duties and obligations hereunder (a "Defaulting Party") the other
            party (the "Non-Defaulting Party") may give written notice thereof
            to the Defaulting Party, and if such material breach shall not have
            been remedied within thirty (30) days after such written notice is
            given, then the Non-Defaulting Party may terminate this Agreement by

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            giving thirty (30) days written notice of such termination to the
            Defaulting Party. In all cases, termination by the Non-Defaulting
            Party shall not constitute a waiver by the Non-Defaulting Party of
            any other rights it might have under this Agreement or otherwise
            against the Defaulting Party.

17.   NOTICES. Notices shall be addressed (a) if to PNC, at 301 Bellevue
      Parkway, Wilmington, Delaware 19809, Attention: President (or such other
      address as PNC may inform the Fund in writing); (b) if to the Fund, at 120
      East Liberty Drive, Wheaton, IL 60187, Attention: W. Scott Jardine fax
      (630) 517-7437 (or such other address as the Fund may inform PNC in
      writing); or (c) if to neither of the foregoing, at such other address as
      shall have been given by like notice to the sender of any such notice or
      other communication by the other party. If notice is sent by confirming
      telegram, cable, telex or facsimile sending device, it shall be deemed to
      have been given immediately. If notice is sent by first-class mail, it
      shall be deemed to have been given three days after it has been mailed. If
      notice is sent by messenger, it shall be deemed to have been given on the
      day it is delivered.

18.   AMENDMENTS. This Agreement, or any term thereof, may be changed or waived
      only by written amendment, signed by the party against whom enforcement of
      such change or waiver is sought

19.   ASSIGNMENT. PNC may assign its rights hereunder to any majority-owned
      direct or indirect subsidiary of PNC or of The PNC Financial Services
      Group, Inc., provided that PNC gives the Fund thirty (30) days prior
      written notice of such assignment.

20.   COUNTERPARTS. This Agreement may be executed in two or more counterparts,
      each of which shall be deemed an original, but all of which together shall
      constitute one and the same instrument.

21.   FURTHER ACTIONS. Each party agrees to perform such further acts and
      execute such further documents as are necessary to effectuate the purposes
      hereof.


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22.   MISCELLANEOUS.

      (a)   Notwithstanding anything in this Agreement to the contrary, the Fund
            agrees not to make any modifications to its registration statement
            or adopt any policies which would affect materially the obligations
            or responsibilities of PNC hereunder without the prior written
            approval of PNC, which approval shall not be unreasonably withheld
            or delayed. The scope of services to be provided by PNC under this
            Agreement shall not be increased as a result of new or revised
            regulatory or other requirements that may become applicable with
            respect to the Fund, unless the parties hereto expressly agree in
            writing to any such increase.

      (b)  During the term of this Agreement and for one year thereafter, the
           Fund shall not (with the exceptions noted in the immediately
           succeeding sentence) knowingly solicit or recruit for employment or
           hire any of PNC's employees, and the Fund shall cause the Fund's
           sponsor and the Fund's affiliates to not (with the exceptions noted
           in the immediately succeeding sentence) knowingly solicit or recruit
           for employment or hire any of PNC's employees. To "knowingly"
           solicit, recruit or hire within the meaning of this provision does
           not include, and therefore does not prohibit, solicitation,
           recruitment or hiring of a PNC employee by the Fund, the Fund's
           sponsor or an affiliate of the Fund if the PNC employee was
           identified by such entity solely as a result of the PNC employee's
           response to a general advertisement by such entity in a publication
           of trade or industry interest or other similar general solicitation
           by such entity

      (c)   Except as expressly provided in this Agreement, PNC hereby disclaims
            all representations and warranties, express or implied, made to the
            Fund or any other person, including, without limitation, any

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            warranties regarding quality, suitability, merchantability, fitness
            for a particular purpose or otherwise (irrespective of any course of
            dealing, custom or usage of trade), of any services or any goods
            provided incidental to services provided under this Agreement. PNC
            disclaims any warranty of title or non-infringement except as
            otherwise set forth in this Agreement.

      (d)   This Agreement embodies the entire agreement and understanding
            between the parties and supersedes all prior agreements and
            understandings relating to the subject matter hereof, provided that
            the parties may embody in one or more separate documents their
            agreement, if any, with respect to delegated duties.

      (e)   The captions in this Agreement are included for convenience of
            reference only and in no way define or delimit any of the provisions
            hereof or otherwise affect their construction or effect.

      (f)   Notwithstanding any provision hereof, the services of PNC are not,
            nor shall they be, construed as constituting legal advice or the
            provision of legal services for or on behalf of the Fund or any
            other person. Neither this Agreement nor the provision of services
            under this Agreement establishes or is intended to establish an
            attorney-client relationship between the Fund and PNC.

      (g)   The Fund will provide such information and documentation as PNC may
            reasonably request in connection with services provided by PNC to
            the Fund.

      (h)   This Agreement shall be deemed to be a contract made in Delaware and
            governed by Delaware law, without regard to principles of conflicts
            of law.

      (i)   If any provision of this Agreement shall be held or made invalid by
            a court decision, statute, rule or otherwise, the remainder of this
            Agreement shall not be affected thereby.

      (j)   This Agreement shall be binding upon and shall inure to the benefit
            of the parties hereto and their respective successors and permitted
            assigns. Except as may be explicitly stated in this Agreement, (i)

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            this Agreement is not for the benefit of any other person or entity
            and (ii) there shall be no third party beneficiaries hereof.

      (k)   The facsimile signature of any party to this Agreement shall
            constitute the valid and binding execution hereof by such party.

      (l)   The Fund and PNC agree that the obligations of the Fund under the
            Agreement shall not be binding upon any of the directors,
            shareholders, nominees, officers, employees or agents, whether past,
            present or future, of the Fund individually, but are binding only
            upon the assets and property of the Fund (or applicable series
            thereof), as provided in the Declaration of Trust. The execution and
            delivery of this Agreement have been authorized by the directors of
            the Fund, and signed by an authorized officer of the Fund, acting as
            such, and neither such authorization by such directors nor such
            execution and delivery by such officer shall be deemed to have been
            made by any of them or any shareholder of the Fund individually or
            to impose any liability on any of them or any shareholder of the
            Fund personally, but shall bind only the assets and property of the
            Fund (or applicable series thereof), as provided in the Articles of
            Incorporation or Declaration of Trust.

      (m)   To help the U.S. government fight the funding of terrorism and money
            laundering activities, U.S. Federal law requires each financial
            institution to obtain, verify, and record certain information that
            identifies each person who initially opens an account with that
            financial institution on or after October 1, 2003. Certain of PNC's
            affiliates are financial institutions, and PNC may, as a matter of
            policy, request (or may have already requested) the Fund's name,
            address and taxpayer identification number or other
            government-issued identification number, and, if such party is a
            natural person, that party's date of birth. PNC may also ask (and
            may have already asked) for additional identifying information, and
            PNC may take steps (and may have already taken steps) to verify the
            authenticity and accuracy of these data elements.


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      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first above written.

                                     PNC GLOBAL INVESTMENT SERVICING (U.S.) INC.


                                     By:  /s/ Richard H. Rose
                                         ---------------------------------------

                                     Name:    Richard H. Rose
                                     Title:   Vice President



                                     FIRST TRUST/FOUR CORNERS SENIOR FLOATING
                                     RATE INCOME FUND II

                                     By:  /s/ W. Scott Jardine

                                     Name:    W. Scott Jardine
                                     Title:   Secretary



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