CUSTODIAN AGREEMENT AMENDMENT
Pursuant to mutual agreement as permitted under Section 12. Termination and
Amendment of Agreement, the Custodian Agreement dated May 13, 1996, between the
Growth and Income Trust (the Trust) and American Express Trust Company (the
Custodian), is amended this 9th day of October, 1997, as follows:
Section 4. Receipt and Disbursement of Money
In the first paragraph, add the italicized words as follows:
..., the Custodian shall receive and may rely upon a custodian order directing
such payment and stating that the payment is for such a purpose permitted under
these items (a), (b), (c), (d), (e), (f) or (g) or, where appropriate, a trade
affirmation report, and that...
Section 6. Transfer, Exchange, Delivery, etc. of Securities
In the first paragraph, add the italicized words as follows:
Before making any such transfer, exchange or delivery, the Custodian shall
receive a custodian order or a facsimile from the Trust and stating that it is
for a purpose permitted under Section 6, or, where appropriate, a trade
affirmation report, (whenever...
Section 11. Concerning Custodian
In the second paragraph, add the italicized words as follows:
The Custodian shall not be liable for an action taken in good faith upon any
custodian order or facsimile herein described, trade affirmation report, or
certified copy of any resolution of the Board or of the Executive Committee of
the Board, and may rely on the genuineness of any such document which it may in
good faith believe to have been validly prepared or executed.
Growth and Income Trust American Express Trust Company
Balanced Portfolio
Equity Income Portfolio
Total Return Portfolio
Equity Portfolio
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇ /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
By: ____________________________ By: ________________________________
▇▇▇▇▇▇ ▇. ▇▇▇, Vice President ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Vice President
