Exhibit 9(b) ADMINISTRATION AGREEMENT between Standish, Ayer & Wood Master Portfolio and IBT Trust Company (Cayman), Ltd.

                                                                    Exhibit 9(b)


                            ADMINISTRATION AGREEMENT
                 between Xxxxxxxx, Xxxx & Xxxx Master Portfolio
                      and IBT Trust Company (Cayman), Ltd.

                                   Schedule B
                            (adopted October 5, 1996)







Xxxxxxxx Fixed Income Portfolio
Xxxxxxxx Equity Portfolio
Xxxxxxxx Small Capitalization Equity Portfolio
Xxxxxxxx Global Fixed Income Portfolio
Xxxxxxxx Small Capitalization Equity Portfolio II