Common use of FUND ASSETS HELD IN THE CUSTODIAN Clause in Contracts

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. The Custodian may deposit and/or maintain securities owned by a Portfolio in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the Portfolio; 2) The Custodian may keep securities of the Portfolio in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio which are maintained in the Direct Paper System shall identify by book-entry those securities belonging to the Portfolio; 4) The Custodian shall pay for securities purchased for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the Portfolio. The Custodian shall transfer securities sold for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the Portfolio; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the Portfolio; 6) The Custodian shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. SYSTEM The Custodian may deposit and/or maintain securities owned by a Portfolio in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the Portfolio; 2) The Custodian may keep securities of the Portfolio in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio which are maintained in the Direct Paper System shall identify by book-entry those securities belonging to the Portfolio; 4) The Custodian shall pay for securities purchased for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the Portfolio. The Custodian shall transfer securities sold for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the Portfolio; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the Portfolio; 6) The Custodian shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. SYSTEM The Custodian may deposit and/or maintain securities owned by a Portfolio the Fund in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the PortfolioInstructions; 2) The Custodian custodian may keep securities of the Portfolio Fund in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio Fund which are maintained in the Direct Paper System shall identify by book-book entry those securities belonging to the PortfolioFund; 4) The Custodian shall pay for securities purchased for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the PortfolioFund. The Custodian shall transfer securities sold for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the PortfolioFund; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the PortfolioFund, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the PortfolioFund; 6) The Custodian shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. SYSTEM The Custodian may deposit and/or maintain securities owned by a Portfolio the Fund in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the PortfolioInstructions; 2) The Custodian may keep securities of the Portfolio Fund in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio Fund which are maintained in the Direct Paper System shall identify by book-entry those securities belonging to the PortfolioFund; 4) The Custodian shall pay for securities purchased for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the PortfolioFund. The Custodian shall transfer securities sold for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the PortfolioFund; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the PortfolioFund, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the PortfolioFund; 6) The Custodian and any agent appointed pursuant to Section 2.9 shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. The Custodian may deposit and/or maintain securities investments owned by a Portfolio the Fund in the Direct Paper System of the Custodian subject to the following provisions: (1) No transaction relating to securities investments in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the PortfolioInstructions; (2) The Custodian may keep securities investments of the Portfolio Fund in the Direct Paper System only if such securities investments are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; (3) The records of the Custodian with respect to securities investments of the Portfolio Fund which are maintained in the Direct Paper System shall identify by book-entry those securities investments belonging to the PortfolioFund; (4) The Custodian shall pay for securities investments purchased for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities investments to the account of the PortfolioFund. The Custodian shall transfer securities investments sold for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the PortfolioFund; (5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer of Direct Paper to or from the account of the PortfolioFund, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's ’s transaction in the U.S. Securities Direct Paper System for the account of the PortfolioFund; (6) The Custodian shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. SYSTEM The Custodian may deposit and/or maintain securities owned by a Portfolio in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the Portfolio; 2) The Custodian may keep securities of the Portfolio in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio which are maintained in the Direct Paper System shall identify by book-book- entry those securities belonging to the Portfolio; 4) The Custodian shall pay for securities purchased for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the Portfolio. The Custodian shall transfer securities sold for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the Portfolio; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the Portfolio; 6) The Custodian and any agent appointed pursuant to Section 2.9 shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. SYSTEM The Custodian may deposit and/or maintain securities owned by a Portfolio in the Direct Paper System of the Custodian subject to the following provisions: : 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the Portfolio; ; 2) The Custodian may keep securities of the Portfolio in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; ; 3) The records of the Custodian with respect to securities of the Portfolio which are maintained in the Direct Paper System shall identify by book-entry those securities belonging to the Portfolio; ; 4) The Custodian shall pay for securities purchased for the account of the Portfolio upon the making of an any entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the Portfolio. The Custodian shall transfer securities sold for the account of the Portfolio upon the making of an any entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the Portfolio; ; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the Portfolio; ; 6) The Custodian shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.

FUND ASSETS HELD IN THE CUSTODIAN. S DIRECT PAPER SYSTEM. The Custodian may deposit and/or maintain securities owned by a Portfolio Fund in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund Trust on behalf of the Portfolioa Fund; 2) The Custodian may keep securities of the Portfolio a Fund in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in credited to the Direct Paper System Account, which account shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio a Fund which are maintained in the Direct Paper System shall identify by book-entry those securities belonging to the PortfolioFund; 4) The Custodian shall pay for securities purchased for the account of the Portfolio a Fund upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the Portfoliosuch Fund. The Custodian shall transfer securities sold for the account of the Portfolio Fund upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the PortfolioFund; 5) The Custodian shall furnish the Fund Trust, upon request, on behalf of the Portfolio Funds confirmation of each transfer to or from the account of the PortfolioFunds, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall shall, on the next succeeding business day, furnish to the Fund Trust on behalf of the Portfolio Funds copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities Direct Paper System for the account of the PortfolioFunds; 6) The Custodian shall provide the Fund Trust on behalf of the Portfolio Funds with any report on its system of internal accounting control as the Fund Trust may reasonably request from time to time; and 7) The Custodian shall not with respect to a Fund act under this Section 3.10 in the absence of receipt of an initial certificate of the Fund's Secretary or an Assistant Secretary that the Board has approved the initial use of the Direct Paper System for such Fund.