September 24, 1997
The Xxxxxx Managed Investment Funds
Xxxxxx Investors' Service, Inc.
0000 Xxxxxxxxx Xxxxxxxxx
Xxxxxxxxxx, XX 00000
Re: Master Custodian Agreement by and among the Xxxxxx Managed Investment Funds
and Investors Bank & Trust Company (the "Bank").
Gentlemen:
This letter agreement is intended to amend the existing Master Custodian
Agreement with the following information:
Notwithstanding anything in the Master Custodian Agreement,
each Xxxxxx Managed Investment Fund agrees that it has granted, and the
Bank shall have, a continuing lien and security to the extent of any
overdraft or indebtedness by any Fund, in and to any property at any
time held by it for the Fund's benefit or in which the Fund has an
interest and which is then in the Bank's possession or control (or in
the possession or control of any third party acting in the Bank's
behalf). However, the Bank shall notify the Fund's investment adviser
of the Bank's intention to seize Fund property in accordance with this
paragraph and follow any instructions of the investment adviser as to
which property should be seized.
This letter agreement is intended to include all the Xxxxxx Managed Investment
Funds currently parties to the Master Custodian Agreement, as well as any such
funds that become a party to the Master Custodian Agreement in the future. This
letter agreement shall constitute an amendment to the Master Custodian Agreement
and, as such, a binding agreement among the Xxxxxx Managed Investment Funds and
the Bank, in accordance with its terms.
Sincerely.
INVESTORS BANK & TRUST COMPANY
By /s/ Xxxxxx X. Xxxxxxx
----------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Senior Vice President
The foregoing is hereby accepted and agreed.
THE XXXXXX MANAGED EQUITY TRUST
THE XXXXXX MANAGED INCOME TRUST
THE XXXXXX EQUIFUND EQUITY TRUST
THE XXXXXX MANAGED BLUE CHIP SERIES TRUST
CATHOLIC VALUES INVESTMENT TRUST
THE XXXXXX ASSET ALLOCATION TRUST
By /s/ Xxxxx X. X'Xxxxxx
-------------------------------
Name: Xxxxx X. X'Xxxxxx
Title: Treasurer
