Exhibit 8(a)(5)
AMENDMENT TO THE
CUSTODIAN AGREEMENT
AGREEMENT made this 15th day of Sept. 1988 by and between STATE STREET
BANK AND TRUST COMPANY ("Custodian") and AARP INSURED TAX FREE INCOME TRUST (the
"Fund").
WITNESSETH THAT:
WHEREAS, the Custodian and the Fund are parties to a Custodian Agreement
dated November 30, 1984 (as amended to date, the "Agreement") which governs the
terms and conditions under which the Custodian maintains custody of the
securities and other assets of the Fund:
NOW THEREFORE, the Custodian and the Fund hereby amend the terms of the
Custodian Agreement and mutually agree to the following:
Replace subsection 7) of Section II.B. Delivery of Securities with the
following new subsection 7):
7) Upon the sale of such securities for the account of the Fund, to
the broker or its clearing agent, against a receipt, for examination
in accordance with "street delivery" custom; provided that in any
such case, the Custodian shall have no responsibility or liability
for any loss arising from the delivery of such securities prior to
receiving payment for such securities except as may arise from the
Custodian's own negligence or willful misconduct;
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be
executed in its name and on its behalf by a duly authorized officer as of the
day and year first above written.
ATTEST AARP INSURED TAX FREE INCOME TRUST
/s/ [ILLEGIBLE] /s/ Xxxxx X. Xxx
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ATTEST STATE STREET BANK AND TRUST COMPANY
/s/ [ILLEGIBLE] /s/ [ILLEGIBLE]
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Assistant Secretary Vice President
