April 2, 1990
Xxx X. Xxxxxxx, Vice President & Mgr.
Bank of America NT & SA
000 Xxxxxxxxxx Xx. 0xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Dear Xxx:
This will confirm our agreement to modify the Custodian Agreement for the
funds listed below as follows:
Section 6(a) (4) will be modified to read: "Periodic payments of
interest and/or of partial principal on GNMA instruments (other than
payments on final maturity) shall be credited to the account of the Fund
on payable date plus two."
FRANKLIN GROUP OF FUNDS
Franklin Investors Securities Trust
Franklin Tax-Free Trust
Franklin California Tax-Free Income Fund, Inc.
Franklin Federal Tax-Free Income Fund
AGE High Income Fund, Inc.
Franklin New York Tax-Free Income Fund, Inc.
Franklin Equity Fund
Franklin California Tax-Free Trust
Institutional Fiduciary Trust
Franklin Gold Fund
Franklin Tax-Exempt Money Fund
Franklin Pennsylvania Investors Fund
Franklin Money Fund
Franklin Federal Money Fund
Franklin Custodian Funds, Inc.
Franklin Option Fund
Franklin Tax-Advantaged U.S. Government Securities Fund
Franklin Tax-Advantaged High Yield Securities Fund
Franklin Managed Trust
Franklin Valuemark Funds
Franklin Government Securities Trust
Franklin New York Tax-Exempt Money Fund
Franklin Balance Sheet Investment Fund
Please sign the enclosed copy of this letter in the space indicated and
return it to me. If you have any questions, please call me.
Sincerely,
/s/ Xxxxxxx X. Xxxxxx
By: Xxxxxxx X. Xxxxxx
Approved and agreed:
/s/ Xxx X. Xxxxxxx
By: Xxx X. Xxxxxxx
