FIRST AMENDMENT TO CUSTODIAN AGREEMENT
THIS FIRST AMENDMENT TO CUSTODIAN AGREEMENT (the "Amendment") is made
and entered into as of July 15, 2002 by and among EACH REGISTERED INVESTMENT
COMPANY LISTED ON EXHIBIT A HERETO (each a "Fund") and STATE STREET BANK AND
TRUST COMPANY, a Massachusetts trust company ("State Street").
WITNESSETH:
WHEREAS, Fund and State Street are parties to that certain Custodian
Agreement dated as of April 8, 2002 (the "Agreement"); and
WHEREAS, Fund and State Street desire to amend and supplement the
Agreement upon the following terms and conditions.
NOW THEREFORE, for and in consideration of the mutual promises
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Fund and State Street hereby agree
that the Agreement is amended and supplemented as follows:
1. Exhibit A shall be replaced in its entirety by the Exhibit A dated
July 1, 2002 attached hereto and incorporated herein by this
reference.
2. General Provisions. This Amendment will at all times and in all
respects be construed, interpreted, and governed by the laws of The
Commonwealth of Massachusetts, without giving effect to the conflict of
laws provisions thereof. This Amendment may be executed in any number
of counterparts, each constituting an original and all considered one
and the same agreement. This Amendment is intended to modify and amend
the Agreement and the terms of this Amendment and the Agreement are to
be construed to be cumulative and not exclusive of each other. Except
as provided herein, the Agreement is hereby ratified and confirmed and
remains in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their duly authorized officers to be effective as of the date first
above written.
STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxx Xxxxxxxxx
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Name, Title: Xxxxxx Nevellano, SVP
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EACH REGISTERED INVESTMENT COMPANY LISTED ON EXHIBIT A
By: /s/ Xxxxxx Xxxxxx
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Name, Title: Xxxxxx Xxxxxx, VP
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SCHEDULE A
Dated October 21, 2002
REGISTERED INVESTMENT COMPANIES
Bexil Corporation - f/k/a Bull & Bear U.S. Government Securities Fund, Inc.
Dollar Reserves, Inc. - f/k/a Bull & Bear Funds II, Inc.
Global Income Fund, Inc. - f/k/a Bull & Bear Global Income Fund, Inc.
Internet Growth Fund, Inc. - f/k/a LCM Internet Growth Fund, Inc.
Midas Fund, Inc.
Midas Special Equities Fund, Inc. - f/k/a Bull & Bear Special Equities Fund,
Inc.
Tuxis Corporation - f/k/a Bull & Bear Municipal Income Fund, Inc.
