AMENDMENT TO CUSTODIAN AGREEMENT
between
THE PBHG FUNDS, INC.
and
FIRST UNION NATIONAL BANK
This Amendment Agreement made this ___ day of ________, 1998, by and
between THE PBHG FUNDS, INC., a Maryland corporation (the "Company"), with
respect to the shares of each portfolio of the Company set forth on Schedule A
to this Amendment, and FIRST UNION NATIONAL BANK (formerly CoreStates Bank,
N.A.) (the "Custodian").
WITNESSETH
In consideration of the mutual covenants herein contained and other good
and valuable consideration, the receipt whereof is hereby acknowledged, the
parties hereto, intending to be legally bound, agree as follows:
1. Amendment to Agreement. The Company and the Custodian agree to amend the
Custodian Agreement between the Company and the Custodian dated as of October
17, 1996, for the sole purpose of adding the PBHG Core Value Fund, the PBHG New
Opportunities Fund, the PBHG Defensive Equity Fund, the PBHG Enhanced Equity
Fund, the PBHG Master Income Fund and the PBHG Short-Term Government Fund, as
follows:
Schedule A is hereby deleted and replaced with Schedule A attached to this
Amendment.
2. Effect of Amendment. Except as hereinabove modified and amended, the
Custodian Agreement will remain unaltered and in full force and effect and is
hereby ratified and confirmed in all respects as amended.
3. Governing Law. This Amendment shall be governed by and construed
according to the laws of the Commonwealth of Pennsylvania.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
in duplicate on the day and year first above written.
THE PBHG FUNDS, INC.
Attest:__________________________ By:_________________________________
Name: Name:
Title: Title:
FIRST UNION NATIONAL BANK
Attest:__________________________ By:_________________________________
Name: Name:
Title: Title:
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SCHEDULE A
PORTFOLIOS OF THE PBHG FUNDS, INC.
This Custodian Agreement is by and between First Union National Bank and
the Fund, on behalf of the following Portfolios:
PBHG Growth Fund
PBHG Emerging Growth Fund
PBHG International Fund
PBHG Large Cap Growth Fund
PBHG Select Equity Fund
PBHG Cash Reserves Fund
PBHG Technology & Communications Fund
PBHG Core Growth Fund
PBHG Limited Fund
PBHG Large Cap 20 Fund
PBHG Large Cap Value Fund
PBHG Mid-Cap Value Fund
PBHG Strategic Small Company Fund
PBHG Small Cap Value Fund
PBHG Focused Value Fund
PBHG New Opportunities Fund
Date: _______________________________
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