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EXHIBIT 8(l)
[FORM]
NORTHERN FUNDS
ADDENDUM NO. 5 TO THE CUSTODIAN AGREEMENT
This Addendum, dated as of the ___ day of __________, 1997, is
entered into between NORTHERN FUNDS (the "Trust"), a Massachusetts business
trust, and THE NORTHERN TRUST COMPANY, an Illinois state bank ("Northern").
WHEREAS, the Trust and Northern have entered into a Custodian
Agreement dated as of April 1, 1994 as amended by Addendum No. 1 dated November
29, 1994, by Addendum No. 2 dated March 29, 1996, by Addendum No. 3 dated August
7, 1996 and by Addendum No. 4 dated August 6, 1996 (the "Custodian Agreement")
pursuant to which the Trust has appointed Northern to act as custodian to the
Trust for the Money Market Fund, U.S. Government Money Market Fund, Municipal
Money Market Fund, U.S. Government Select Money Market Fund, California
Municipal Money Market Fund, U.S. Government Fund, Fixed Income Fund,
Intermediate Tax-Exempt Fund, Tax-Exempt Fund, Income Equity Fund, Growth Equity
Fund, Select Equity Fund, Small Cap Fund, Technology Fund, Stock Index Fund and
Florida Intermediate Tax-Exempt Fund; and
WHEREAS, the Trust is establishing the Arizona Tax- Exempt
Fund, the California Intermediate Tax-Exempt Fund, the California Tax-Exempt
Fund and the Short Intermediate U.S. Government Fund (each a "Fund"), and the
Trust desires to retain Northern under the terms of the Custodian Agreement to
act as the custodian for each Fund, and Northern is willing to so act.
NOW THEREFORE, the parties hereto, intending to be legally
bound, hereby agree as follows:
1. Appointment. The Trust hereby appoints Northern
custodian to the Trust for each Fund in accordance
with the terms set forth in the Custodian
Agreement. Northern hereby accepts such
appointment and agrees to render the services set
forth in the Custodian Agreement for the
compensation therein provided.
2. Capitalized Terms. From and after the date hereof,
the term "Funds" as used in the Custodian
Agreement shall be deemed to include each Fund.
Capitalized terms used herein and not otherwise
defined shall have the meanings ascribed to them
in the Custodian Agreement.
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3. Miscellaneous. The initial term of the Custodian
Agreement with respect to each Fund shall
continue, unless sooner terminated in accordance
with the Custodian Agreement, until March 31,
1998. Except to the extent supplemented hereby,
the Custodian Agreement shall remain unchanged and
in full force and effect, and is hereby ratified
and confirmed in all respects as supplemented
hereby.
IN WITNESS WHEREOF, the undersigned have executed this
Addendum as of the date and year first above written.
All signatures need not appear on the same copy of this
Addendum.
NORTHERN FUNDS
Attest:__________________ By:________________________________
Title:_____________________________
THE NORTHERN TRUST COMPANY
Attest:__________________ By:________________________________
Title:_____________________________
