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Exhibit 8b
AMENDMENT TO MASTER CUSTODIAN AGREEMENT
Agreement made by and between State Street Bank and Trust Company (the
Custodian ) and each investment company advised by Xxxx Xxxxxxx Advisers, Inc.
which has adopted the Master Custodian Agreement (each a Fund ).
WHEREAS, the Custodian and the Fund are parties to a custodian contract
dated June 15, 1994 (the Master Custodian Agreement ) governing the terms and
conditions under which the Custodian maintains custody of the securities and
other assets of the Fund; and
WHEREAS, the Custodian and the Fund desire to amend the terms and
conditions under which the Custodian maintains the Fund s securities and other
non-cash property in the custody of certain foreign sub-custodians in
conformity with the requirements of Rule 17f-5 under the Investment Company Act
of 1940, as amended;
NOW THEREFORE, in consideration of the premises and covenants contained
herein, the Custodian and the Fund hereby amend the Master Custodian Agreement
by the addition of the following terms and provisions;
1. Notwithstanding any provisions to the contrary set forth in the
Master Custodian Agreement, the Custodian may hold securities and other
non-cash property for all of its customers, including the Fund, with a foreign
sub-custodian in a single account that is identified as belonging to the
Custodian for the benefit of its customers, PROVIDED HOWEVER, that (i) the
records of the Custodian with respect to securities and other non-cash property
of the Fund which are maintained in such account shall identify by book-entry
those securities and other non-cash property belonging to the Fund and (ii) the
Custodian shall require that securities and other non-cash property so held by
the foreign sub-custodian be held separately from any assets of the foreign
sub-custodian, Custodian or of others.
2. Except as specifically superseded or modified herein, the terms
and provisions of the Master Custodian Agreement shall continue to apply with
full force and effect.
IN WITNESS WHEREOF, each of the parties has caused this instrument to
be executed in duplicate by its duly authorized representative this 15th day of
September, 1995.
XXXX XXXXXXX FUNDS LISTED ON APPENDIX A
By: /s/ Xxxxx X. Xxxxxx
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Title: Senior Vice President
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STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Title: Executive Vice President
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