EXHIBIT 8(a)(3)
CUSTODIAN AGREEMENT
AARP INSURED TAX FREE INCOME TRUST
ADDITIONAL PROVISION
Pursuant to Article XI, Interpretive and Additional Provisions, of the
Custodian Agreement dated November 30, 1984 between AARP Insured Tax Free
Income Trust (the "Fund") and State Street Bank and Trust Company ("State
Street"), the Fund and State Street agree to the terms of the following
Additional Provision:
The Fund hereby acknowledges that State Street Bank and Trust Company
provides custodial and other services of the types to be provided to the Fund to
other investment companies, including registered investment companies affiliated
with and/or sponsored by the American Association of Retired Persons ("AARP"),
and that State Street, either acting in its capacity as custodian or transfer
agent or in another capacity as a commercial bank and trust company, has and may
in the future develop other products and services which are offered to persons
who are members of AARP. The Fund, for itself and its Trustees and officers,
agrees that the provision of any such services by State Street in whatever
capacity shall not present in itself any conflict of interest under said
Custodian Agreement or Transfer, Dividend Disbursing and Plan Agency Agreement
and shall not in any way prejudice or affect the rights of State Street under
either Agreement, including the right to indemnification provided therein.
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The Fund will use its best efforts to cause AARP/Xxxxxxx Financial management
Company, the Fund's investment advisor and Xxxxxxx Fund Distributors, Inc., the
distributor of the Fund's shares, to agree to this additional provision for the
benefit of State Street. In consideration therefor, State Street agrees that (a)
it will not disclose any confidential information pertaining to the Fund, its
portfolio securities and its shareholders to any party without the prior written
consent of the Fund (except as may otherwise be provided in the Custodian
Agreement or the Transfer, Dividend Disbursing and Plan Agency Agreement), and
(b) it will not discriminate against the Fund in providing services to the Fund
and/or such other investment companies or persons. The provisions of this
Additional Provision shall not affect the standard of care applicable to State
Street in the provision of service to the Fund under the Custodian Agreement or
the Transfer, Dividend Disbursing and Plan Agency Agreement.
ATTEST AARP INSURED TAX FREE INCOME
/s/ Xxxxxx X. XxXxxxxxx /s/ Xxxxx X. Xxx
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Assistant Secretary Executive Vice President
ATTEST STATE STREET BANK AND TRUST CO
/s/ [Illegible] /s/ [Illegible]
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Assistant Secretary Vice President
