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EXHIBIT (11)(ii)
FIRST AMENDMENT TO INVESTMENT ACCOUNTING AGREEMENT
THIS FIRST AMENDMENT TO INVESTMENT ACCOUNTING AGREEMENT (the "Amendment")
is made and entered into as of June 1, 1997 by and among THE PRUDENTIAL
INSURANCE COMPANY OF AMERICA ("Company"), a New Jersey corporation, and
INVESTORS FIDUCIARY TRUST COMPANY, a Missouri trust company ("IFTC").
RECITALS:
A. Company and IFTC are parties to that certain Investment Accounting
Agreement dated as of January 2, 1996 (the "Agreement") for investment
accounting and recordkeeping services for certain Registered Accounts, as
defined in the Agreement;
B. Company and IFTC are currently in the process of converting from the use
of PAS to another accounting system suitable for maintaining certain accounting
records, known as "XXX", or "Portfolio Accounting Manager", licensed for use
from Princeton Financial Services.
C. Company and IFTC desire to amend and supplement the Agreement upon
the following terms and conditions.
AGREEMENTS:
In consideration of mutual promises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Company and IFTC
hereby agree that the Agreement is amended and supplemented as follows:
1. All references to "PAS" or the "Portfolio Accounting System" in the
Agreement will from the date of the conversion forward be considered
references to "XXX".
2. Section 4.B shall be deleted and replaced with the following: As
compensation for the services rendered hereunder, Company shall pay IFTC
a fee calculated in accordance with the Consolidated Prudential Fee
Schedule between Prudential Mutual Funds and Annuities and State Street
Bank and Trust dated April, 1997, as amended from time to time."
In all other respects, 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.
INVESTORS FIDUCIARY TRUST COMPANY
By: /s/ XXXXXXX X. XXXXXXXX
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Xxxxxxx X. Xxxxxxxx, Executive Vice President
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By: /s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx, Vice President, Assistant
Treasurer
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Aug. 5, 1998
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