Exhibit (g)(5) FIRST AMENDMENT TO CUSTODIAN AGREEMENT FIRST AMENDMENT made as of this 10th day of December, 2003 to the CUSTODIAN AGREEMENT, dated September 1, 2001 (the "Agreement") between THE GLENMEDE FUND, INC., a corporation organized under the...

                                                                  Exhibit (g)(5)

                     FIRST AMENDMENT TO CUSTODIAN AGREEMENT

     FIRST AMENDMENT made as of this 10th day of December, 2003 to the CUSTODIAN
AGREEMENT, dated September 1, 2001 (the "Agreement") between THE GLENMEDE FUND,
INC., a corporation organized under the laws of the state of Maryland (the
"Fund"), and INVESTORS BANK & TRUST COMPANY, a Massachusetts trust company (the
"Bank").

     WHEREAS, the Fund and Bank have entered into the Agreement;

     WHEREAS, Section 19 of the Agreement provides that the Agreement may be
amended or modified only by a written agreement executed by both parties to the
Agreement;

     NOW, THEREFORE, the Fund and the Bank agree to amend the Agreement as
follows:

     1.     DEFINITIONS. All capitalized terms used herein and not otherwise
defined shall have the meanings assigned to them in the Agreement.

     2.     TERMINATION. Section 16.1 of the Agreement is amended by deleting
the first sentence of such Section 16.1 in its entirety and inserting in lieu
thereof the following:

            "The term of this Agreement shall run through September 1, 2007 (the
            "Initial Term"), unless earlier terminated as provided herein."

     3.     ADDITIONAL FUNDS. APPENDIX A to the Agreement shall be amended by
deleting such APPENDIX A in its entirety and inserting in lieu thereof APPENDIX
A as attached hereto.

     4.     MISCELLANEOUS.

     (a)    Except as amended hereby, the Agreement shall remain in full force
and effect.

     (b)    This Amendment 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.

                  [Remainder of Page Intentionally Left Blank]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed in their names and on their behalf under their seals by and through
their duly authorized officers, as of the day and the year first above written.


                               THE GLENMEDE FUND, INC.


                               By:     /s/ Xxxx Xxx X. Xxxxx
                                       -------------------------
                               Name:   Xxxx Xxx X. Xxxxx
                               Title:  President


                               INVESTORS BANK & TRUST COMPANY


                               By:     /s/ Xxxxxxx Xxxxxx
                                       -------------------------
                               Name:   Xxxxxxx Xxxxxx
                               Title:  President

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                                   APPENDIX A


                      Portfolios of The Glenmede Fund, Inc.

                           Core Fixed Income Portfolio
                            Government Cash Portfolio
                      Institutional International Portfolio
                             International Portfolio
                            Large Cap Value Portfolio
                      Small Capitalization Growth Portfolio
                           Small Cap Equity Portfolio
                           Strategic Equity Portfolio
                            Tax-Exempt Cash Portfolio
                             Large Cap 100 Portfolio
                           Large Cap Growth Portfolio

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