Exhibit d (iii) under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
Amendment to
Investment Advisory Contract
between
Federated Short-Term Municipal Trust
and
Federated Investment Management Company
This Amendment to the Investment Advisory Contract ("Agreement")
dated August 1, 1989, between Federated Short-Term Municipal Trust
("Fund") and Federated Investment Management Company ("Service Provider")
is made and entered into as of the 1st day of June, 2001.
WHEREAS, the Fund has entered into the Agreement with the Service
Provider;
WHEREAS, the Securities and Exchange Commission has adopted
Regulation S-P at 17 CFR Part 248 to protect the privacy of individuals
who obtain a financial product or service for personal, family or
household use;
WHEREAS, Regulation S-P permits financial institutions, such as the
Fund, to disclose "nonpublic personal information" ("NPI") of its
"customers" and "consumers" (as those terms are therein defined in
Regulation S-P) to affiliated and nonaffiliated third parties of the Fund,
without giving such customers and consumers the ability to opt out of such
disclosure, for the limited purposes of processing and servicing
transactions (17 CFR ss. 248.14) ("Section 248.14 NPI"); for specified law
enforcement and miscellaneous purposes (17 CFR ss. 248.15) ("Section 248.15
NPI") ; and to service providers or in connection with joint marketing
arrangements (17 CFR ss. 248.13) ("Section 248.13 NPI");
WHEREAS, Regulation S-P provides that the right of a customer and consumer
to opt out of having his or her NPI disclosed pursuant to 17 CFR ss. 248.7
and 17 CFR ss. 248.10 does not apply when the NPI is disclosed to service
providers or in connection with joint marketing arrangements, provided the
Fund and third party enter into a contractual agreement that prohibits the
third party from disclosing or
using the information other than to carry out the purposes for which
the Fund disclosed the information (17 CFR ss. 248.13);
NOW, THEREFORE, the parties intending to be legally bound agree as
follows:
1. The Fund and the Service Provider hereby acknowledge that the
Fund may disclose shareholder NPI to the Service Provider as
agent of the Fund and solely in furtherance of fulfilling the
Service Provider's contractual obligations under the Agreement
in the ordinary course of business to support the Fund and its
shareholders.
2. The Service Provider hereby agrees to be bound to use and
redisclose such NPI only for the limited purpose of fulfilling
its duties and obligations under the Agreement, for law
enforcement and miscellaneous purposes as permitted in 17 CFR
ss.ss.248.15, or in connection with joint marketing arrangements
that the Funds may establish with the Service Provider in
accordance with the limited exception set forth in 17 CFRss.
248.13.
3. The Service Provider further represents and warrants that, in
accordance with 17 CFR ss. 248.30, it has implemented, and will
continue to carry out for the term of the Agreement, policies
and procedures reasonably designed to:
|X| insure the security and confidentiality of records and NPI of Fund
customers,
|X| protect against any anticipated threats or hazards to the security
or integrity of Fund customer records and NPI, and
|X| protect against unauthorized access to or use of such Fund customer
records or NPI that could result in substantial harm or
inconvenience to any Fund customer.
4. The Service Provider may redisclose Section 248.13 NPI only
to: (a) the Funds and affiliated persons of the Funds ("Fund
Affiliates"); (b) affiliated persons of the Service Provider
("Service Provider Affiliates") (which in turn may disclose or
use the information only to the extent permitted under the
original receipt); (c) a third party not affiliated with the
Service Provider of the Funds ("Nonaffiliated Third Party")
under the service and processing (ss.248.14) or miscellaneous
(ss.248.15) exceptions, but only in the ordinary course of
business to carry out the activity covered by the exception
under which the Service Provider received the information in
the first instance; and (d) a Nonaffiliated Third Party under
the service provider and joint marketing exception (ss.248.13),
provided the Service Provider enters into a written contract
with the Nonaffiliated Third Party that prohibits the
Nonaffiliated Third Party from disclosing or using the
information other than to carry out the purposes for which the
Funds disclosed the information in the first instance.
5. The Service Provider may redisclose Section 248.14 NPI and
Section 248.15 NPI to: (a) the Funds and Fund Affiliates; (b)
Service Provider Affiliates (which in turn may disclose the
information to the same extent permitted under the original
receipt); and (c) a Nonaffiliated Third Party to whom the
Funds might lawfully have disclosed NPI directly.
6. The Service Provider is obligated to maintain beyond the
termination date of the Agreement the confidentiality of any
NPI it receives from the Fund in connection with the Agreement
or any joint marketing arrangement, and hereby agrees that
this Amendment shall survive such termination.
WITNESS the due execution hereof this 1st day of June, 2001.
Federated Short-Term Municipal Trust
By:/s/ X. Xxxxxxxxxxx Xxxxxxx
-------------------------------------
Name: X. Xxxxxxxxxxx Xxxxxxx
Title: President
Federated Investment Management Company
By:/s/ X. Xxxxxx Xxxxxxxxx
-------------------------------------
Name: X. Xxxxxx Xxxxxxxxx
Title: Vice President
