Exhibit 7(e)
AMENDMENT TO THE
CUSTODIAN CONTRACT
THIS Amendment made between Nomura Pacific Basin Fund, Inc. ("Fund") and
State Street Bank and Trust Company ("State Street");
WHEREAS, the parties hereto have entered into a written contract dated
June 1, 1985 wherein State Street has agreed to act as Depository, Custodian and
Agent for the Fund under certain terms and conditions ("Contract"); and
WHEREAS, the parties hereto desire to amend the Contract;
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
Insert on Page 25 new Paragraph 3.10, renumbering old Paragraphs 3.10 and
3.11 as 3.11 and 3.12.
3.10 Liability of Custodian. The Custodian shall be liable for the acts
or omissions of a foreign banking institution to the same extent as
set forth with respect to sub-custodians generally in Section 1 of
the Custodian Contract and, regardless of whether assets are
maintained in the custody of a foreign banking institution, a
foreign securities depository or a branch of a U.S. bank as
contemplated by paragraph 12 hereof, the Custodian shall not be
liable for any loss, damage, cost, expense, liability or claim
resulting from, or caused by, the direction of or authorization by
the Fund to maintain custody of any securities or cash of the Fund
in a foreign country including, but not limited to, losses resulting
from nationalization, expropriation, currency restrictions, or acts
of war or terrorism.
WITNESS the due execution hereof this ____ day of _____________, 1986.
ATTEST: NOMURA PACIFIC BASIN FUND, INC.
__________________________ By:________________________________________
(Title)
ATTEST: STATE STREET BANK AND TRUST COMPANY
__________________________ By:________________________________________
Assistant Secretary Vice President