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EXHIBIT 8(e)
Amendment Number 4 to Custody Agreement
This Amendment Number 4 to Custody Agreement is dated as of
July 1, 1996 (the "Amendment") and is made by Pacific Horizon Funds, Inc., a
Maryland Corporation (the "Fund"), and The Bank of New York (the "Custodian").
W I T N E S S E T H:
WHEREAS, the Custodian acts as custodian for the Fund with
respect to certain of the Fund's currently existing investment portfolios (i.e.,
the Prime Fund, Treasury Fund, Tax-Exempt Money Fund, California Tax-Exempt
Money Market Fund, Aggressive Growth Fund, Capital Income Fund, U.S. Government
Securities Fund, California Tax-Exempt Bond Fund, Government Fund and Treasury
Only Fund) pursuant to a Custody Agreement between the Custodian and the Fund
dated as of April 3, 1989 as amended by Amendment Number 1 to Custody Agreement
dated March 30, 1990, Amendment Number 2 to the Custody Agreement dated February
26, 1993 and Amendment Number 3 to the Custody Agreement dated April 24, 1996
(the "Agreement"); and
WHEREAS, the Fund is reorganizing the National Municipal Bond
Fund (the "Portfolio") from the existing master-feeder structure into a
"stand-alone" fund (the "Reorganization") and desires the Custodian to act as
custodian with respect to the Portfolio after the Reorganization.
NOW, THEREFORE, in consideration of the premises and of the
mutual agreements herein contained, the Custodian and the Fund do hereby
covenant to and agree as follows:
1. Effective as of July 1, 1996 the Fund hereby constitutes and
appoints the Custodian as custodian of the "Securities" (as defined in the
Agreement) and moneys at any time owned by the Portfolio prior to the time the
custodial relationship between the Custodian and the Portfolio is terminated in
accordance with the provisions of the Agreement.
2. The parties agree that in the case of any conflict between the
terms of this Amendment and the Agreement, the terms of this Amendment shall
prevail.
THE BANK OF NEW YORK
By:/s/ Xxxxxxx X. Grunston
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Title: Vice President
PACIFIC HORIZON FUNDS, INC.
By:/s/ Xxxxxxxxx X. Pings
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Title: President
