Common use of Maturity of Collateral Investments Clause in Contracts

Maturity of Collateral Investments. The Adviser may instruct the Subcustodian to make Permitted Investments as authorized in Section 2 that may be of longer or shorter maturity than the term of any transaction to which they relate, it being understood that "short term" Permitted Investments shall include Permitted Investments with such maturities as are described in this section. The maturity of each Permitted Investment will be based upon Lender instructions, if any, the Adviser's estimate of the volume of securities that is likely to be loaned on a continuous basis, the rates available on alternate investments, interest rate trends, and overall market conditions. The average weighted maturity of Permitted Investments shall not exceed 90 days, and in no case shall the final maturity of a Permitted Investment exceed 12 months in the case of fixed rate investments and 36 months in the case of floating rate investments. The difference between the average weighted maturity of loan transactions and the average weighted maturity of Permitted Investments shall not exceed 90 days. For the purpose of calculating the average weighted maturity of loan transactions, maturity shall, in the case of "term" loans, mean the number of days remaining until the termination of the loan transaction, or in the case of "open" loans, one day. For the purpose of calculating the average weighted maturity of Permitted Investments, maturity shall mean: (1) one day in the case of money market mutual funds, master notes, and other instruments that may be liquidated without notice, (2) the number of days remaining to the next reset date in the case of floating rate securities, (3) the number of days remaining until the next put date in the case of securities subject to unconditional and irrevocable puts of the issue to the obligor, or (4) the actual number of days remaining until the maturity date for all other Permitted Investments.

Maturity of Collateral Investments. The Adviser may instruct the Subcustodian to make Permitted Investments as authorized in Section 2 that may be of longer or shorter maturity than the term of any transaction to which they relate, it being understood that "short term" Permitted Investments shall include Permitted Investments with such maturities as are described in this section. The maturity of each Permitted Investment will be based upon Lender instructions, if any, the Adviser's estimate of the volume of securities that is likely to be loaned on a continuous basis, the rates available on alternate investments, interest rate trends, and overall market conditions. The average weighted maturity of Permitted Investments shall not exceed 90 days, and in no case shall the final maturity of a Permitted Investment exceed 12 months in the case of fixed rate investments and 36 months in the case of floating rate investments. The difference between the average weighted maturity of loan transactions and the average weighted maturity of Permitted Investments shall not exceed 90 days. For the purpose of calculating the average weighted maturity of loan transactions, maturity shall, in the case of "term" loans, mean the number of days remaining until the termination of the loan transaction, or in the case of "open" loans, one day. For the purpose of calculating the average weighted maturity of Permitted Investments, maturity shall mean: (1) one day in the case of money market mutual funds, master notes, and other instruments that may be liquidated without notice, (2) the number of days remaining to the next reset date in the case of floating rate securities, (3) the number of days remaining until the next put date in the case of securities subject to unconditional and irrevocable puts of the issue to the obligor, or (43) the actual number of days remaining until the maturity date for all other Permitted Investments. The One Group ------------- ("Lender") By: /s/ MARK X. XXXXXX ------------------------------------ Banc One Investment Advisors Corporation ---------------------------------------- ("Adviser") By: /s/ MARK X. XXXXXX ------------------------------------ Bank One Trust Company, N.A. ---------------------------------------- ("Subcustodian") By: /s/ STEVXX X. XXXXXX ------------------------------------ SECURITIES LENDING AGREEMENT EXHIBIT E Schedule of Fees International The subcustodian shall be paid a fee of 15 basis points, calculated on an annual basis and accrued daily, based upon the value of collateral received from the Borrower for each loan under this Agreement.

Maturity of Collateral Investments. The Adviser may instruct the Subcustodian to make Permitted Investments as authorized in Section 2 that may be of longer or shorter maturity than the term of any transaction to which they relate, it being understood that "short term" Permitted Investments shall include Permitted Investments with such maturities as are described in this section. The maturity of each Permitted Investment will be based upon Lender instructions, if any, the Adviser's estimate of the volume of securities that is likely to be loaned on a continuous basis, the rates available on alternate investments, interest rate trends, and overall market conditions. The average weighted maturity of Permitted Investments shall not exceed 90 60 days, and in no case shall the final maturity of a Permitted Investment exceed 12 months in the case of fixed rate investments and 36 months in the case of floating rate investmentsmonths. The difference between the average weighted maturity of loan transactions and the average weighted maturity of Permitted Investments shall not exceed 90 60 days. For the purpose of calculating the average weighted maturity of loan transactions, maturity shall, in the case of "term" loans, mean the number of days remaining until the termination of the loan transaction, or in the case of "open" loans, one day. For the purpose of calculating the average weighted maturity of Permitted Investments, maturity shall mean: (1) one day in the case of money market mutual funds, master notes, and other instruments that may be liquidated without notice, (2) the number of days remaining to the next reset date in the case of floating rate securities, (3) the number of days remaining until the next put date in the case of securities subject to unconditional and irrevocable puts of the issue to the obligor, or (4) the actual number of days remaining until the maturity date for all other Permitted Investments.