Exhibit (g)(1)(a)
AMENDMENT TO CUSTODY CONTRACT
Amendment dated March 31, 1999, by and between State Street Bank and
Trust Company (the "Bank") and the ▇▇▇▇▇▇ Funds listed on Attachment I hereto
(each a "Fund") to the custody contract (the "Custody Contract") between the
Bank and each Fund.
WHEREAS the Bank serves as the custodian of the Fund's assets pursuant
to the Custody Contract;
WHEREAS the Fund may appoint one or more banks identified on Schedule A
to this Amendment, as amended from time to time, to serve as additional
custodians for the Fund (each, a "Repo Custodian") for the limited purpose of
the Fund's engaging in tri-party repurchase agreement transactions ("Tri-Party
Repos");
WHEREAS the Fund may direct the Bank to make "free delivery" to one or
more Repo Custodians of cash or other assets maintained in custody by the Bank
for the Fund pursuant to the Custody Contract for purposes of engaging in
Tri-Party Repos; and
WHEREAS the Bank and the Fund desire to amend the Custody Contract to
permit the Bank to make "free delivery" of cash and other assets of the Fund to
Repo Custodians from time to time;
NOW THEREFORE, the Bank and the Fund hereby agree to amend the Custody
Contract by adding the following provisions thereto:
1. Notwithstanding anything to the contrary in the Custody Contract,
upon receipt of Proper Instructions (as defined in the Custody Contract), the
Bank shall deliver cash and/or other assets of the Fund to any account
identified on Schedule A to the Custody Contract, as amended from time to time,
maintained for the Fund by a Repo Custodian, which delivery may be made without
contemporaneous receipt by the Bank of cash or other assets in exchange
therefor. Upon such delivery of cash or other assets in accordance with such
Proper Instructions, the Bank shall have no further responsibility or
obligation to the Fund as a custodian of the Fund with respect to the cash or
assets so delivered.
2. The Fund may amend Schedule A from time to time to add or delete a
Repo Custodian or change the identification of the account maintained by a Repo
Custodian for the Fund by delivering Special Instructions (as defined herein) to
the Bank. The term Special Instructions shall mean written instructions executed
by at least two officers of the Fund holding the office of Vice President or
higher. In all other respects, the Custody Contract shall remain in full force
and effect and the Bank and the Fund shall perform their respective obligations
in accordnance with the terms thereof.
EXECUTED to be effective as of the date set forth above.
▇▇▇▇▇▇ FUNDS listed on Attachment I
By: /s/▇▇▇▇ ▇. ▇▇▇▇▇▇
----------------------------
STATE STREET BANK AND TRUST COMPANY
By: /s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------
SCHEDULE A*
-----------
Repo Custodian Banks Accounts
-------------------- --------
Chase Manhattan Bank CHASE NYC/D644755022
Bank of New York Account #111569
Authorized Signatures:
By: /s/▇▇▇▇▇▇ ▇▇▇▇▇▇ By: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
----------------------------- ----------------------
Title: Managing Director Title: Managing Director
----------------------------- ----------------------
Date: 3-30-99 Date: 3-30-99
----------------------------- ----------------------
* This schedule was created solely to meet the requirements under the
amendment to the custody contract relating to tri-party repurchase
agreements.
Attachment I
------------
Cash Account Trust Amendment Effective 4/19/99
Cash Equivalent Fund Amendment Effective 4/19/99
Investors Cash Trust Amendment Effective 4/19/99
Investors Municipal Cash Fund Amendment Effective 5/3/99
▇▇▇▇▇▇ Aggressive Growth Fund
▇▇▇▇▇▇ Blue Chip Fund
▇▇▇▇▇▇ Equity Trust
▇▇▇▇▇▇ Funds Trust
▇▇▇▇▇▇ Growth Fund
▇▇▇▇▇▇ High Income Trust Amendment Effective 4/5/99
▇▇▇▇▇▇ High Yield Series Amendment Effective 4/5/99
▇▇▇▇▇▇ Horizon Fund
▇▇▇▇▇▇ Income and Capital Preservation Fund
▇▇▇▇▇▇ Income Trust
▇▇▇▇▇▇ Intermediate Government Trust Amendment Effective 4/5/99
▇▇▇▇▇▇ Multi-Market Income Trust
▇▇▇▇▇▇ Municipal Income Trust
▇▇▇▇▇▇ National Tax-Free Income Series
▇▇▇▇▇▇ Portfolios Amendment Effective 4/5/99
▇▇▇▇▇▇ Securities Trust
▇▇▇▇▇▇ Short-Term U. S. Government Fund Amendment Effective 4/5/99
▇▇▇▇▇▇ Small Capitalization Equity Fund Amendment Effective 4/19/99
Attachment I
------------
▇▇▇▇▇▇ State Tax-Free Income Series
▇▇▇▇▇▇ Strategic Income Fund
▇▇▇▇▇▇ Strategic Income Trust
▇▇▇▇▇▇ Strategic Municipal Income Trust
▇▇▇▇▇▇ Target Equity Fund
▇▇▇▇▇▇ Technology Fund
▇▇▇▇▇▇ Total Return Fund
▇▇▇▇▇▇ U.S. Government Securities Fund
▇▇▇▇▇▇ Value Plus Growth Fund
▇▇▇▇▇▇ Value Series, Inc.
▇▇▇▇▇▇ Variable Series
Tax-Exempt California Money Market Fund Amendment Effective 5/3/99
Zurich Money Funds
Zurich YieldWise Funds
2
