EXHIBIT (8)(j)
ADDENDUM NO. 9 TO
AMENDED AND RESTATED
CUSTODIAN AGREEMENT
This Addendum, dated as of the ______ day of _________, 1997,
is entered into between PEGASUS FUNDS (the "Trust"), a Massachusetts business
trust, and NBD BANK ("NBD" or the "Custodian"), a state-chartered bank
incorporated under the laws of Michigan.
WHEREAS, the Trust and NBD have entered into an Amended and
Restated Custodian Agreement dated May 16, 1989 and Addenda Nos. 1, 2, 3, 4,
5, 6, 7 and 8 (the "Custodian Agreement"), pursuant to which the Trust
appointed NBD to act as Custodian to the Trust's Money Market Fund, Municipal
Money Market Fund, Growth and Value Fund, Mid-Cap Opportunity Fund, Intrinsic
Value Fund, Intermediate Bond Fund, Bond Fund, Michigan Municipal Money
Market Fund, Equity Index Fund, Treasury Money Market Fund, Municipal Bond
Fund, Michigan Municipal Bond Fund, Managed Assets Balanced Fund, Growth
Fund, Short Bond Fund, U.S. Government Income Fund, International Equity
Fund, Cash Management Fund, U.S. Government Securities Cash Management Fund,
Treasury Prime Cash Management Fund, Equity Income Fund, Small-Cap
Opportunity Fund, Intermediate Municipal Bond Fund, Income Fund,
International Bond Fund, Managed Assets Conservative Fund and Managed Assets
Growth Fund;
WHEREAS, Article XIV, Paragraph 9 of the Custodian Agreement
provides that in the event the Trust establishes one or more additional
portfolios with respect to which it desires to retain NBD to act as the
custodian under the Custodian Agreement, the Trust shall so notify NBD in
writing and if NBD is willing to render such services it shall notify the
Trust in writing, and the compensation to be paid to NBD shall be that which
is agreed to in writing by the Trust and NBD pursuant to Article XII,
Paragraph 7 of the Custodian Agreement;
WHEREAS, pursuant to Article XIV, Paragraph 9 of the Custodian
Agreement, the Trust has notified NBD that it intends to establish the
Treasury Cash Management Fund and High Yield Bond Fund and that it desires to
retain NBD to act as the custodian therefor, and NBD has notified the Trust
that it is willing to serve as custodian for such Funds.
NOW THEREFORE, the parties hereto, intending to be legally
bound, hereby agree as follows:
1. Appointment. The Trust hereby appoints NBD to act as
Custodian to the Trust for the Treasury Cash Management Fund and High Yield
Bond Fund for the period and on the terms set forth in the Custodian
Agreement. NBD hereby accepts such appointment
and agrees to render the services set forth in the Custodian Agreement, for
the compensation provided in Appendix A hereto.
2. Capitalized Terms. From and after the date hereof, the
terms "Fund" and "Series" as used in the Custodian Agreement shall be deemed
to include the Treasury Cash Management Fund and High Yield Bond Fund.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Custodian Agreement.
3. Miscellaneous. Except to the extent supplemented hereby,
the Custodian Agreement shall remain unchanged and in full force and effect
and is hereby ratified and confirmed in all respects as supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this
Addendum as of the date and year first above written.
PEGASUS FUNDS
By: _______________________
Xxxxxx X. Xxxxxxxxxx
President and Trustee
NBD BANK
By: ________________________
Name:
Title:
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APPENDIX A
For the services provided pursuant to the Custodian Agreement
with respect to the Treasury Cash Management Fund and High Yield Bond Fund,
the Custodian will accept the following fees:
(a) With respect to the High Yield Bond Fund:
Basic Annual Account Charge $1,000
Annual Security Fee
First $20,000,000 = .0003
Next $20,000,000 = .00025
Next $20,000,000 = .0002
Next $40,000,000 = .00015
Next $200,000,000 = .000125
Balance over $300,000,000 = .0001
Asset Fee $1.541 per security held at end of month.
Security Transactions:
$13.00 for each Pass-Through Certificate Payment
$35.00 for Option Transactions requiring Escrow Receipts
$20.00 for all other security transactions
Accounting Statements:
Cash Statement - $50 per statement
Inventories - $50 per inventory
(b) With respect to the Treasury Cash Management
Fund:
Unit Price
Clearing and settlement transaction $11.00
Accounting entry and vault/safekeeping
transactions $12.00
Activity Processing
A. Master Control Fund Accounting
Annual maintenance $ 6.25
Debit activity $ .15
Credit activity $ .35
B. Master Settlement Accounting
Account maintenance $ 9.25
Debit activity $ .15
Credit activity $ .35
Check supplies $ 6.25
C. Out-of-Pocket Expenses. In addition to the service fees
above, the Trust will reimburse the Custodian for its out-of-
pocket expenses including, but not limited to, postage, telephone,
telex, facsimile, Federal Express and Federal Reserve wire fees,
incurred on behalf of the Trust.
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