AMENDMENT, effective as of May 21, 1998 to the custody agreements dated as set
forth on the attached Appendix A each as amended on May 10, 1996, July 5, 1996
or December 9, 1997, as the case may be (each an "Agreement"), between the Funds
listed on the attached Appendix A (each a "Fund"), each Fund having its
principal place of business at 000 X. Xxxxxxx Xxxx., Xx. Xxxxxxxxxx, XX 00000,
and The Chase Manhattan Bank, ("Chase"), having its principal place of business
at 0 Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, X.X. 00000.
It is hereby agreed as follows:
Section 1. Unless otherwise provided herein, all terms and conditions of
the Agreement are expressly incorporated herein by reference and except as
modified hereby, the Agreement is confirmed in all respects. Capitalized terms
used herein without definition shall have the meanings ascribed to them in the
Agreement.
Section 2. Section 3 of the Agreement is amended as follows:
The definition of "Russian Security" as set forth in Section 3 (h) of
the Agreement shall be amended and restated as follows:
"(h) "Russian Security" shall mean a Security issued by a Russian
issuer; provided, however, that such term shall not include Russian
government GKOs, OFZs and Ministry of Finance Bonds."
Section 3. This Amendment may be executed in one or more counterparts, each
of which shall be deemed to be an original, and all of which together shall be
deemed to be a single document.
IN WITNESS WHEREOF, the parties have executed this Amendment effective as
of the date first above written.
On Behalf of each Fund Listed on the The Chase Manhattan Bank
Attached Appendix A
By: /s/ Xxxx X. Xxx By: /s/ Xxxxxx Vanden-Handel
------------------------------- ------------------------
Xxxx X. Xxx Xxxxxx Vanden-Handel
Vice President Vice President
TEMPLETON U.S. FUNDS
Appendix A
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Fund Custody Agreement dated
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Xxxxxxxxx Growth Fund, Inc. December 31, 1986, as amended July 5, 1996
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XXXXXXXXX FUNDS, INC. February 11, 1986, as amended July 5, 1996
Xxxxxxxxx World Fund and Xxxxxxxxx Foreign Fund
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Xxxxxxxxx Global Smaller Companies Fund, Inc May 15, 1996, as amended July 5, 1996
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TEMPLETON INCOME TRUST - Xxxxxxxxx Global Bond Fund May 15, 1996, as amended July 5, 1996
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Templeton Global Real Estate Fund May 15, 1996, as amended July 5, 1996
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Xxxxxxxxx Capital Accumulator Fund, Inc. January 14, 1991, as amended July 5, 1996
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Xxxxxxxxx Developing Markets Trust October 16, 1991, as amended July 5, 1996
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Templeton American Trust, Inc. February 26, 1991, as amended July 5, 1996
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XXXXXXXXX INSTITUTIONAL FUNDS, INC. February 21, 1997
Xxxxxxxxx Foreign Equity Series Amended July 5, 1996
Xxxxxxxxx Growth Series Amended July 5, 1996
Xxxxxxxxx Emerging Markets Series Amended May 10, 1996
Xxxxxxxxx Emerging Fixed Income Series Amended December 9, 1997
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Templeton Global Opportunities Trust January 18, 1990, as amended July 5, 1996
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XXXXXXXXX GLOBAL INVESTMENT TRUST May 7, 1995
Xxxxxxxxx Growth and Income Fund Amended July 5, 1996
Xxxxxxxxx Global Infrastructure Fund Amended July 5, 0000
Xxxxxxxxx Xxxxxxxx Government Securities Fund XX
Xxxxxxxxx Greater European Fund Amended July 5, 0000
Xxxxxxxxx Xxxxx Xxxxxxx Fund Amended July 5, 1996
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Xxxxxxxxx Emerging Markets Fund, Inc. February 1, 1987, as amended May 10, 1996
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Xxxxxxxxx Global Income Fund, Inc. February 29, 1988, as amended July 5, 1996
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Templeton Global Governments Income Trust October 22, 1988, as amended July 5, 1996
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Xxxxxxxxx Emerging Markets Income Fund, Inc. September 17, 1993, as amended July 5, 1996
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Xxxxxxxxx China World Fund, Inc. September 7, 1993, as amended May 10, 1996
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Xxxxxxxxx Emerging Markets Appreciation Fund, Inc. April 22, 1994, as amended May 10, 1996
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Xxxxxxxxx Dragon Fund, Inc. August 30, 1994, as amended May 10, 1996
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Xxxxxxxxx Vietnam And Southeast Asia Fund, Inc. September 15, 1994, as amended May 10, 1996
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Xxxxxxxxx Russia Fund, Inc. June 15, 1995
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TEMPLETON VARIABLE PRODUCTS SERIES FUND August 31, 1988, amended & restated February 23, 1996
XX
Xxxxxxxxx Money Market Fund Amended July 5, 1996
Templeton Bond Fund Amended July 5, 1996
Templeton Stock Fund Amended July 5, 1996
Templeton Asset Allocation Fund Amended July 5, 1996
Xxxxxxxxx International Fund Amended May 10, 1996
Xxxxxxxxx Developing Markets Fund
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TEMPLETON VARIABLE PRODUCTS SERIES FUND
Mutual Discovery Investments Fund
Mutual Shares Investments Fund
Franklin Growth Investments Fund
Franklin Small Cap Investments Fund
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Franklin/Xxxxxxxxx Japan Fund June 24, 1994, as amended July 5, 1996
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Templeton Variable Annuity Fund January 27, 1988, as amended July 5, 1996
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