GLOBAL CUSTODY AGREEMENT This AGREEMENT is effective January 3, 1994, and is between THE CHASE MANHATTAN BANK, N.A. (the "Bank") and EACH OF THE ENTITIES LISTED ON SCHEDULE A HERETO, Individually and Separately (each individually, the "Customer").

GLOBAL CUSTODY AGREEMENT

This AGREEMENT is effective January 3, 1994, and is between THE CHASE

MANHATTAN BANK, N.A. (the "Bank") and EACH OF THE ENTITIES LISTED ON SCHEDULE A

HERETO, Individually and Separately (each individually, the "Customer").

1. CUSTOMER ACCOUNTS.

The Bank agrees to establish and maintain the following accounts

("Accounts"):

(a)

A custody account in the name of the Customer ("Custody Account") for any

and all stocks, shares, bonds, debentures, notes, mortgages or other

obligations for the payment of money, bullion, coin and any certificates,

receipts, warrants or other instruments representing rights to receive,

purchase or subscribe for the same or evidencing or representing any other

rights or interests therein and other similar property whether

certificated or uncertificated as may be received by the Bank or its

Subcustodian (as defined in Section 3) for the account of the Customer

("Securities"); and

(b)

A deposit account in the name of the Customer ("Deposit Account") for any

and all cash in any currency received by the Bank or its Subcustodian for

the account of the Customer, which cash shall not be subject to withdrawal

by draft or check.

The Customer warrants its authority to: 1) deposit the cash and Securities

("Assets") received in the Accounts and 2) give Instructions (as defined in

Section 11) concerning the Accounts. The Bank may deliver securities of the

same class in place of those deposited in the Custody Account.

Upon written agreement between the Bank and the Customer, additional Accounts

may be established and separately accounted for as additional Accounts under the

terms of this Agreement.

2. MAINTENANCE OF SECURITIES AND CASH AT BANK AND SUBCUSTODIAN LOCATIONS.

Unless Instructions specifically require another location acceptable to the

Bank:

(a)

Securities will be held in the country or other jurisdiction in which the

principal trading market for such Securities is located, where such

Securities are to be presented for payment or where such Securities are

acquired; and

(b)

Cash will be credited to an account in a country or other jurisdiction in

which such cash may be legally deposited or is the legal currency for the

payment of public or private debts.

Cash may be held pursuant to Instructions in either interest or non-interest

bearing accounts as may be available for the particular currency. To the extent

Instructions are issued and the Bank can comply with such Instructions, the Bank

is authorized to maintain cash balances on deposit for the Customer with itself

or one of its affiliates at such reasonable rates of interest as may from time

to time be paid on such accounts, or in non-interest bearing accounts as the

Customer may direct, if acceptable to the Bank.

If the Customer wishes to have any of its Assets held in the custody of an

institution other than the established Subcustodians as defined in Section 3 (or

their securities depositories), such arrangement must be authorized by a written

agreement, signed by the Bank and the Customer.

3. SUBCUSTODIANS AND SECURITIES DEPOSITORIES.

The Bank may act under this Agreement through the subcustodians listed in

Schedule B of this Agreement with which the Bank has entered into subcustodial

agreements ("Subcustodians"). The Customer authorizes the Bank to hold Assets

in the Accounts in accounts which the Bank has established with one or more of

its branches or Subcustodians. The Bank and Subcustodians are authorized to

hold any of the Securities in their account with any securities depository in

which they participate.

The Bank reserves the right to add new, replace or remove Subcustodians. The

Customer will be given reasonable notice by the Bank of any amendment to

Schedule B. Upon request by the Customer, the Bank will identify the name,

address and principal place of business of any Subcustodian of the Customer's

Assets and the name and address of the governmental agency or other regulatory

authority that supervises or regulates such Subcustodian.

4. USE OF SUBCUSTODIAN.

(a) The Bank will identify such Assets on its books as belonging to the

Customer.

(b) A Subcustodian will hold such Assets together with assets belonging to

other customers of the Bank in accounts identified on such Subcustodian's

books as special custody accounts for the exclusive benefit of customers

of the Bank.

the instructions of the Bank or its agent. Any Securities held in a

securities depository for the account of a Subcustodian will be subject

only to the instructions of such Subcustodian.

(d) Any agreement the Bank enters into with a Subcustodian for holding its

customer's assets shall provide that such assets will not be subject to

any right, charge, security interest, lien or claim of any kind in favor

of such Subcustodian or its creditors except for a claim for payment for

safe custody or administration, and that the beneficial ownership of such

assets will be freely transferable without the payment of money or value

other than for safe custody or administration.

The foregoing shall not apply to the extent of any special agreement or

arrangement made by the Customer with any particular Subcustodian.

5. DEPOSIT ACCOUNT TRANSACTIONS.

(a) The Bank or its Subcustodians will make payments from the Deposit Account

upon receipt of Instructions which include all information required by the

Bank.

(b) In the event that any payment to be made under this Section 5 exceeds the

funds available in the Deposit Account, the Bank, in its discretion, may

advance the Customer such excess amount which shall be deemed a loan

payable on demand, bearing interest at the rate customarily charged by the

Bank on similar loans.

prior to actual collection and reconciliation to the Deposit Account, with

interest, dividends, redemptions or any other amount due, the Customer

will promptly return any such amount upon oral or written notification:

(i) that such amount has not been received in the ordinary course of

business or (ii) that such amount was incorrectly credited. If the

Customer does not promptly return any amount upon such notification, the

Bank shall be entitled, upon oral or written notification to the Customer,

to reverse such credit by debiting the Deposit Account for the amount

previously credited. The Bank or its Subcustodian shall have no duty or

obligation to institute legal proceedings, file a claim or a proof of

claim in any insolvency proceeding or take any other action with respect

to the collection of such amount, but may act for the Customer upon

Instructions after consultation with the Customer.

6. CUSTODY ACCOUNT TRANSACTIONS.

(a) Securities will be transferred, exchanged or delivered by the Bank or its

Subcustodian upon receipt by the Bank of Instructions which include all

information required by the Bank. Settlement and payment for Securities

received for, and delivery of Securities out of, the Custody Account may

be made in accordance with the customary or established securities trading

or securities processing practices and procedures in the jurisdiction or

market in which the transaction occurs, including, without limitation,

delivery of Securities to a purchaser, dealer or their agents against a

receipt with the expectation of receiving later payment and free delivery.

Delivery of Securities out of the Custody Account may also be made in any

manner specifically required by Instructions acceptable to the Bank.

(b) The Bank, in its discretion, may credit or debit the Accounts on a

contractual settlement date with cash or Securities with respect to any

sale, exchange or purchase of Securities. Otherwise, such transactions

will be credited or debited to the Accounts on the date cash or Securities

are actually received by the Bank and reconciled to the Account.

(i) The Bank may reverse credits or debits made to the Accounts in its

discretion if the related transaction fails to settle within a

reasonable period, determined by the Bank in its discretion, after the

contractual settlement date for the related transaction.

(ii)

If any Securities delivered pursuant to this Section 6 are returned by

the recipient thereof, the Bank may reverse the credits and debits of

the particular transaction at any time.

7. ACTIONS OF THE BANK.

The Bank shall follow Instructions received regarding assets held in the

Accounts. However, until it receives Instructions to the contrary, the Bank

will:

(a) Present for payment any Securities which are called, redeemed or retired

or otherwise become payable and all coupons and other income items which

call for payment upon presentation, to the extent that the Bank or

Subcustodian is actually aware of such opportunities.

(b) Execute in the name of the Customer such ownership and other certificates

as may be required to obtain payments in respect of Securities.

Securities.

(d) Appoint brokers and agents for any transaction involving the Securities,

including, without limitation, affiliates of the Bank or any Subcustodian.

(e) Issue statements to the Customer, at times mutually agreed upon,

identifying the Assets in the Accounts.

The Bank will send the Customer an advice or notification of any transfers of

Assets to or from the Accounts. Such statements, advices or notifications shall

indicate the identity of the entity having custody of the Assets. Unless the

Customer sends the Bank a written exception or objection to any Bank statement

within ninety (90) days of receipt, the Customer shall be deemed to have

approved such statement. The Bank shall, to the extent permitted by law, be

released, relieved and discharged with respect to all matters set forth in such

statement or reasonably implied therefrom as though it had been settled by the

decree of a court of competent jurisdiction in an action where the Customer and

all persons having or claiming an interest in the Customer or the Customer's

Accounts were parties if: (a) the Customer has failed to provide a written

exception or objection to any Bank statement within ninety (90) days of receipt

and where the Customer's failure to so provide a written exception or objection

within such ninety (90) day period has limited the Bank's (i) access to the

records, materials and other information required to investigate the Customer's

exception or objection, and (ii) ability to recover from third parties any

amounts for which the Bank may become liable in connection with such exception

or objection, or (b) where the Customer has otherwise explicitly approved any

such statement.

All collections of funds or other property paid or distributed in respect of

Securities in the Custody Account shall be made at the risk of the Customer.

The Bank shall have no liability for any loss occasioned by delay in the actual

receipt of notice by the Bank or by its Subcustodians of any payment, redemption

or other transaction regarding Securities in the Custody Account in respect of

which the Bank has agreed to take any action under this Agreement.

8. CORPORATE ACTIONS; PROXIES.

Whenever the Bank receives information concerning the Securities which

requires discretionary action by the beneficial owner of the Securities (other

than a proxy), such as subscription rights, bonus issues, stock repurchase plans

and rights offerings, or legal notices or other material intended to be

transmitted to securities holders ("Corporate Actions"), the Bank will give the

Customer notice of such Corporate Actions to the extent that the Bank's central

corporate actions department has actual knowledge of a Corporate Action in time

to notify its customers.

When a rights entitlement or a fractional interest resulting from a rights

issue, stock dividend, stock split or similar Corporate Action is received which

bears an expiration date, the Bank will endeavor to obtain Instructions from the

Customer or its Authorized Person, but if Instructions are not received in time

for the Bank to take timely action, or actual notice of such Corporate Action

was received too late to seek Instructions, the Bank is authorized to sell such

rights entitlement or fractional interest and to credit the Deposit Account with

the proceeds or take any other action it deems, in good faith, to be appropriate

in which case it shall be held harmless for any such action.

The Bank will deliver proxies to the Customer or its designated agent

pursuant to special arrangements which may have been agreed to in writing. Such

proxies shall be executed in the appropriate nominee name relating to Securities

in the Custody Account registered in the name of such nominee but without

indicating the manner in which such proxies are to be voted; and where bearer

Securities are involved, proxies will be delivered in accordance with

Instructions.

9. NOMINEES.

Securities which are ordinarily held in registered form may be registered in

a nominee name of the Bank, Subcustodian or securities depository, as the case

may be. The Bank may without notice to the Customer cause any such Securities

to cease to be registered in the name of any such nominee and to be registered

in the name of the Customer. In the event that any Securities registered in a

nominee name are called for partial redemption by the issuer, the Bank may allot

the called portion to the respective beneficial holders of such class of

security pro rata or in any other manner that is fair, equitable and

practicable. The Customer agrees to hold the Bank, Subcustodians, and their

respective nominees harmless from any liability arising directly or indirectly

from their status as a mere record holder of Securities in the Custody Account.

10. AUTHORIZED PERSONS.

As used in this Agreement, the term "Authorized Person" means employees or

agents including investment managers as have been designated by written notice

from the Customer or its designated agent to act on behalf of the Customer under

this Agreement. Such persons shall continue to be Authorized Persons until such

time as the Bank receives Instructions from the Customer or its designated agent

that any such employee or agent is no longer an Authorized Person.

11. INSTRUCTIONS.

The term "Instructions" means instructions of any Authorized Person received

by the Bank, via telephone, telex, TWX, facsimile transmission, bank wire or

other teleprocess or electronic instruction or trade information system

acceptable to the Bank which the Bank believes in good faith to have been given

by Authorized Persons or which are transmitted with proper testing or

authentication pursuant to terms and conditions which the Bank may specify.

Unless otherwise expressly provided, all Instructions shall continue in full

force and effect until canceled or superseded.

Any Instructions delivered to the Bank by telephone shall promptly thereafter

be confirmed in writing by an Authorized Person (which confirmation may bear the

facsimile signature of such Person), but the Customer will hold the Bank

harmless for the failure of an Authorized Person to send such confirmation in

writing, the failure of such confirmation to conform to the telephone

instructions received or the Bank's failure to produce such confirmation at any

subsequent time. The Bank may electronically record any Instructions given by

telephone, and any other telephone discussions with respect to the Custody

Account. The Customer shall be responsible for safeguarding any testkeys,

identification codes or other security devices which the Bank shall make

available to the Customer or its Authorized Persons.

12. STANDARD OF CARE; LIABILITIES.

(a) The Bank shall be responsible for the performance of only such duties as

are set forth in this Agreement or expressly contained in Instructions

which are consistent with the provisions of this Agreement.

Notwithstanding anything to the contrary in this Agreement:

(i) The Bank will use reasonable care with respect to its obligations

under this Agreement and the safekeeping of Assets. The Bank shall be

liable to the Customer for any loss which shall occur as the result of

the failure of a Subcustodian to exercise reasonable care with respect

to the safekeeping of such Assets to the same extent that the Bank

would be liable to the Customer if the Bank were holding such Assets in

New York. In the event of any loss to the Customer by reason of the

failure of the Bank or its Subcustodian to utilize reasonable care, the

Bank shall be liable to the Customer only to the extent of the

Customer's direct damages, and shall in no event be liable for any

special or consequential damages.

(ii)

The Bank will not be responsible for any act, omission, default or for

the solvency of any broker or agent which it or a Subcustodian appoints

unless such appointment was made negligently or in bad faith or for any

loss due to the negligent act of such broker or agent except to the

extent that such broker or agent (other than a Subcustodian) performs

in a negligent manner which is the cause of the loss to the Customer

and the Bank failed to exercise reasonable care in monitoring such

broker's or agent's performance where Customer has requested and Bank

has agreed to accept such monitoring responsibility.

(iii)

The Bank shall be indemnified by, and without liability to the Customer

for any action taken or omitted by the Bank whether pursuant to

Instructions or otherwise within the scope of this Agreement if such

act or omission was in good faith, without negligence. In performing

its obligations under this Agreement, the Bank may rely on the

genuineness of any document which it believes in good faith to have

been validly executed.

(iv)The Customer agrees to pay for and hold the Bank harmless from any

liability or loss resulting from the imposition or assessment of any

taxes or other governmental charges, and any related expenses with

respect to income from or Assets in the Accounts, except to the extent

that the Bank has failed to exercise reasonable care in performing any

obligations which the Bank may have agreed to assume (in addition to

those stated in this Agreement) with respect to taxes and such failure

by the Bank is the direct cause of such imposition or assessment of

such taxes, charges or expenses.

(v) The Bank shall be entitled to rely, and may act, upon the advice of

counsel (who may be counsel for the Customer) on all legal matters and

shall be without liability for any action reasonably taken or omitted

pursuant to such advice; provided, that the Bank gives (to the extent

practicable) prior notice to Customer of Bank's intention to so seek

advice of counsel and an opportunity for consultation with Customer on

the proposed contact with counsel.

(vi)

The Bank represents and warrants that it currently maintain a banker's

blanket bond which provides standard fidelity and non-negligent loss

coverage with respect to the Securities and Cash which may be held by

Subcustodians pursuant to this Agreement. The Bank agrees that if at

any time it for any reason discontinues such coverage, it shall

immediately give sixty (60) days' prior written notice to the Customer.

The Bank need not maintain any insurance for the benefit of the

Customer.

(vii)

Without limiting the foregoing, the Bank shall not be liable for any

loss which results from: (1) the general risk of investing, or (2)

investing or holding Assets in a particular country including, but not

limited to, losses resulting from nationalization, expropriation or

other governmental actions; regulation of the banking or securities

industry; currency restrictions, devaluations or fluctuations; and

market conditions which prevent the orderly execution of securities

transactions or affect the value of Assets.

(viii)

Neither party shall be liable to the other for any loss due to forces

beyond their control including, but not limited to strikes or work

stoppages, acts of war or terrorism, insurrection, revolution, nuclear

fusion, fission or radiation, or acts of God.

(b) Consistent with and without limiting the first paragraph of this Section

12, it is specifically acknowledged that the Bank shall have no duty or

responsibility to:

(i) question Instructions or make any suggestions to the Customer or an

Authorized Person regarding such Instructions;

(ii)

supervise or make recommendations with respect to investments or the

retention of Securities;

(iii)

advise the Customer or an Authorized Person regarding any default in

the payment of principal or income of any security other than as

provided in Section 5(c) of this Agreement;

(iv)

evaluate or report to the Customer or an Authorized Person regarding

the financial condition of any broker, agent (other than a

Subcustodian) or other party to which Securities are delivered or

payments are made pursuant to this Agreement;

(v) review or reconcile trade confirmations received from brokers. The

Customer or its Authorized Persons (as defined in Section 10) issuing

Instructions shall bear any responsibility to review such confirmations

against Instructions issued to and statements issued by the Bank.

notwithstanding that the Bank or any of its divisions or affiliates may

have a material interest in a transaction, or circumstances are such that

the Bank may have a potential conflict of duty or interest including the

fact that the Bank or any of its affiliates may provide brokerage services

to other customers, act as financial advisor to the issuer of Securities,

act as a lender to the issuer of Securities, act in the same transaction

as agent for more than one customer, have a material interest in the issue

of Securities, or earn profits from any of the activities listed herein.

13. FEES AND EXPENSES.

The Customer agrees to pay the Bank for its services under this Agreement

such amount as may be agreed upon in writing, together with the Bank's

reasonable out-of-pocket or incidental expenses, including, but not limited to,

reasonable legal fees. The Bank shall have a lien on and is authorized to charge

any Accounts of the Customer for any amount owing to the Bank under any

provision of this Agreement upon notice to the Customer.

14. MISCELLANEOUS.

(a) Foreign Exchange Transactions. Pursuant to Instructions, which may be

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standing Instructions, to facilitate the administration of the Customer's

trading and investment activity, the Bank is authorized to enter into spot

or forward foreign exchange contracts with the Customer or an Authorized

Person for the Customer and may also provide foreign exchange through its

subsidiaries or Subcustodians. The Bank may establish rules or limitations

concerning any foreign exchange facility made available. In all cases

where the Bank, its subsidiaries, affiliates or Subcustodians enter into a

foreign exchange contract related to Accounts, the terms and conditions of

the then current foreign exchange contract of the Bank, its subsidiary,

affiliate or Subcustodian and, to the extent not inconsistent, this

Agreement shall apply to such transaction.

(b) Certification of Residency, etc. The Customer certifies that it is a

--------------------------------

resident of the United States and agrees to notify the Bank of any changes

in residency. The Bank may rely upon this certification or the

certification of such other facts as may be required to administer the

Bank's obligations under this Agreement. The Customer will indemnify the

Bank against all losses, liability, claims or demands arising directly or

indirectly from any such certifications.

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accountants, officers and advisers reasonable access to the records of the

Bank relating to the Assets as is required in connection with their

examination of books and records pertaining to the Customer's affairs.

Subject to restrictions under applicable law, the Bank shall also obtain

an undertaking to permit the Customer's independent public accountants

reasonable access to the records of any Subcustodian which has physical

possession of any Assets as may be required in connection with the

examination of the Customer's books and records.

(d) Governing Law; Successors and Assigns. This Agreement shall be governed

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by the laws of the State of New York and shall not be assignable by either

party, but shall bind the successors in interest of the Customer and the

Bank.

(e) Entire Agreement; Applicable Riders. Customer represents that the Assets

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deposited in the Accounts are (Check one):

X Employee Benefit Plan or other assets subject to the Employee

-- ----

Retirement Income Security Act of 1974, as amended ("ERISA");

X /2/ Mutual Fund assets subject to certain Securities and Exchange

Commission ("SEC") rules and regulations;

X /3/ Neither of the above.

With respect to each Customer, this Agreement consists exclusively of this

document together with Schedules A, B, Exhibits I - _______ and the

following Rider(s) to the extent indicated on Schedule A hereto opposite

the name of the Customer under the column headed "Applicable Riders to

Agreement":

X ERISA

- -

X MUTUAL FUND

- -

SPECIAL TERMS AND CONDITIONS

---

There are no other provisions of this Agreement and this Agreement supersedes

any other agreements, whether written or oral, between the parties. Any

amendment to this Agreement must be in writing, executed by both parties.

(f) Severability. In the event that one or more provisions of this Agreement

-------------

are held invalid, illegal or enforceable in any respect on the basis of

any particular circumstances or in any jurisdiction, the validity,

legality and enforceability of such provision or provisions under other

circumstances or in other jurisdictions and of the remaining provisions

will not in any way be affected or impaired.

(g) Waiver. Except as otherwise provided in this Agreement, no failure or

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delay on the part of either party in exercising any power or right under

this Agreement operates as a waiver, nor does any single or partial

exercise of any power or right preclude any other or further exercise, or

the exercise of any other power or right. No waiver by a party of any

provision of this Agreement, or waiver of any breach or default, is

effective unless in writing and signed by the party against whom the

waiver is to be enforced.

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With respect to each Customer listed on Schedule A hereto under the heading

"ERISA Trusts."

With respect to each Customer listed on Schedule A hereto under the heading

"Investment Companies/Portfolios Registered Under the Investment Company

Act of 1940."

With respect to certain of the Customers listed on Schedule A hereto under

the heading "Separate Accounts" as indicated on Schedule A.

(h) Notices. All notices under this Agreement shall be effective when

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actually received. Any notices or other communications which may be

required under this Agreement are to be sent to the parties at the

following addresses or such other addresses as may subsequently be given

to the other party in writing:

Bank:

The Chase Manhattan Bank, X.X.

Xxxxx XxxxxXxxx Xxxxxx

Xxxxxxxx, XX 00000

Attention: Global Investor Services

Telephone: (000) 000-0000

Facsimile: (000) 000-0000

Copy to:

The Chase Manhattan Bank, N.A.

Xxxxxxxx Xxxxx

Xxxxxxx Xxxxxx

Xxxxxx XX0X 0XX Xxxxxxx

Attention: Global Investor Services

Telephone: 00-00-000-0000

Facsimile: 00-00-000-0000

Telex: 8954681CMBG

Customer :

Name of Customer from Schedule A

c/o X. Xxxx Price

000 Xxxx Xxxxx Xxxxxx

Xxxxxxxxx, XX 00000

Attention: Treasurer

Telephone: (000) 000-0000

Facsimile: (000) 000-0000

(i) Termination. This Agreement may be terminated by the Customer or the

------------

Bank by giving ninety (90) days written notice to the other, provided that

such notice to the Bank shall specify the names of the persons to whom the

Bank shall deliver the Assets in the Accounts. If notice of termination

is given by the Bank, the Customer shall, within ninety (90) days

following receipt of the notice, deliver to the Bank Instructions

specifying the names of the persons to whom the Bank shall deliver the

Assets. In either case the Bank will deliver the Assets to the persons so

specified, after deducting any amounts which the Bank determines in good

faith to be owed to it under Section 13. If within ninety (90) days

following receipt of a notice of termination by the Bank, the Bank does

not receive Instructions from the Customer specifying the names of the

persons to whom the Bank shall deliver the Assets, the Bank, at its

election, may deliver the Assets to a bank or trust company doing business

in the State of New York to be held and disposed of pursuant to the

provisions of this Agreement, or to Authorized Persons, or may continue to

hold the Assets until Instructions are provided to the Bank.

(j) Entire Agreement. This Agreement, including the Schedules and Riders

-----------------

hereto, embodies the entire agreement and understanding of the parties in

respect of the subject matter contained in this Agreement. This Agreement

supersedes all other custody or other agreements between the parties with

respect to such subject matter, which prior agreements are hereby

terminated effective as of the date hereof and shall have no further force

or effect.

EACH OF THE CUSTOMERS, INDIVIDUALLY AND SEPARATELY

LISTED ON SECTION I OF SCHEDULE A HERETO

By:

/s/Xxxxxx X. Xxxxxx

Xxxxxx X. Xxxxxx

Treasurer & Vice President

EACH OF THE CUSTOMERS, INDIVIDUALLY AND SEPARATELY

LISTED ON SECTION II OF SCHEDULE A HERETO

By:

/s/Xxxxx X. Xxxxxxx

Xxxxx X. Xxxxxxx

Treasurer

EACH OF THE CUSTOMERS, INDIVIDUALLY AND SEPARATELY

LISTED ON SECTION III OF SCHEDULE A HERETO

By:

/s/Xxxxx X. Xxxxxxx

Xxxxx X. Xxxxxxx

Treasurer

THE CHASE MANHATTAN BANK, N.A.

By:

/s/Xxxx Xxxxxxxx

Xxxx Xxxxxxxx

Vice President

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

------------

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price European Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small Cap Value Fund, Inc.

CUNA Mutual Funds, Inc. on behalf of:

CUNA Mutual Cornerstone Fund

Schedule A

Page 2 of 2

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

-------- ------------------------

Income Funds

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X. Xxxx Price Adjustable Rate U.S. Government Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Government Bond Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Matthey Salaried

Common Trust Funds

------ ----- -----

X. Xxxx Price Trust Company, as Trustee

for the International Common Trust Fund

on behalf of the Underlying Trusts:

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Pacific Discovery Trust

European Discovery Trust

Japan Discovery Trust

Latin American Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable

to the Customer listed

RPFI International Partners, L.P. under Section III of

this Schedule A.

ERISA RIDER TO GLOBAL CUSTODY AGREEMENT

BETWEEN THE CHASE MANHATTAN BANK, N.A. AND

EACH OF THE ENTITIES LISTED ON SCHEDULE A HERETO

EFFECTIVE JANUARY 3, 1994

Customer represents that the Assets being placed in the Bank's custody are

subject to ERISA. It is understood that in connection therewith the Bank is a

service provider and not a fiduciary of the plan and trust to which the assets

are related. The Bank shall not be considered a party to the underlying plan

and trust and the Customer hereby assumes all responsibility to assure that

Instructions issued under this Agreement are in compliance with such plan and

trust and ERISA.

This Agreement will be interpreted as being in compliance with the Department

of Labor Regulations Section 2550.404b-1 concerning the maintenance of indicia

of ownership of plan assets outside of the jurisdiction of the district courts

of the United States.

The following modifications are made to the Agreement:

Section 3. Subcustodians and Securities Depositories.

------------------------------------------

Add the following language to the end of Section 3:

As used in this Agreement, the term Subcustodian and the term securities

depositories include a branch of the Bank, a branch of a qualified U.S. bank, an

eligible foreign custodian, or an eligible foreign securities depository, where

such terms shall mean:

(a) "qualified U.S. bank" shall mean a U.S. bank as described in paragraph

(a)(2)(ii)(A)(1) of the Department of Labor Regulations Section

2550.404b-1;

(b) "eligible foreign custodian" shall mean a banking institution

incorporated or organized under the laws of a country other than the

United States which is supervised or regulated by that country's

government or an agency thereof or other regulatory authority in the

foreign jurisdiction having authority over banks; and

depository or clearing agency, incorporated or organized under the laws of

a country other than the United States, which is supervised or regulated

by that country's government or an agency thereof or other regulatory

authority in the foreign jurisdiction having authority over such

depositories or clearing agencies and which is described in paragraph

(c)(2) of the Department of Labor Regulations Section 2550.404b-1.

Section 4. Use of Subcustodian.

--------------------

Subsection (d) of this section is modified by deleting the last sentence.

Section 5. Deposit Account Payments.

-------------------------

Subsection (b) is amended to read as follows:

(b) In the event that any payment made under this Section 5 exceeds the

funds available in the Deposit Account, such discretionary advance shall

be deemed a service provided by the Bank under this Agreement for which it

is entitled to recover its costs as may be determined by the Bank in good

faith.

Section 10. Authorized Persons.

------------------

Add the following paragraph at the end of Section 10:

Customer represents that: a) Instructions will only be issued by or for a

fiduciary pursuant to Department of Labor Regulation Section 404b-1 (a)(2)(i)

and b) if Instructions are to be issued by an investment manager, such entity

will meet the requirements of Section 3(38) of ERISA and will have been

designated by the Customer to manage assets held in the Customer Accounts

("Investment Manager"). An Investment Manager may designate certain of its

employees to act as Authorized Persons under this Agreement.

Section 14(a). Foreign Exchange Transactions.

------------------------------

Add the following paragraph at the end of Subsection 14(a):

Instructions to execute foreign exchange transactions with the Bank, its

subsidiaries, affiliates or Subcustodians will include (1) the time period in

which the transaction must be completed; (2) the location i.e., Chase New York,

----

Chase London, etc. or the Subcustodian with whom the contract is to be executed

and (3) such additional information and guidelines as may be deemed necessary;

and, if the Instruction is a standing Instruction, a provision allowing such

Instruction to be overridden by specific contrary Instructions.

MUTUAL FUND RIDER TO GLOBAL CUSTODY AGREEMENT

BETWEEN THE CHASE MANHATTAN BANK, N.A. AND

EACH OF THE ENTITIES LISTED ON SCHEDULE A HERETO

EFFECTIVE JANUARY 3, 1994

Customer represents that the Assets being placed in the Bank's custody are

subject to the Investment Company Act of 1940 (the Act), as the same may be

amended from time to time.

Except to the extent that the Bank has specifically agreed to comply with a

condition of a rule, regulation, interpretation promulgated by or under the

authority of the SEC or the Exemptive Order applicable to accounts of this

nature issued to the Bank (Investment Company Act of 1940, Release No. 12053,

November 20, 1981), as amended, or unless the Bank has otherwise specifically

agreed, the Customer shall be solely responsible to assure that the maintenance

of Assets under this Agreement complies with such rules, regulations,

interpretations or exemptive order promulgated by or under the authority of the

Securities Exchange Commission.

The following modifications are made to the Agreement:

Section 3. Subcustodians and Securities Depositories.

------------------------------------------

Add the following language to the end of Section 3:

The terms Subcustodian and securities depositories as used in this Agreement

shall mean a branch of a qualified U.S. bank, an eligible foreign custodian or

an eligible foreign securities depository, which are further defined as follows:

(a) "qualified U.S. Bank" shall mean a qualified U.S. bank as defined in Rule

17f-5 under the Investment Company Act of 1940;

(b) "eligible foreign custodian" shall mean (i) a banking institution or

trust company incorporated or organized under the laws of a country other

than the United States that is regulated as such by that country's

government or an agency thereof and that has shareholders' equity in

excess of $200 million in U.S. currency (or a foreign currency equivalent

thereof), (ii) a majority owned direct or indirect subsidiary of a

qualified U.S. bank or bank holding company that is incorporated or

organized under the laws of a country other than the United States and

that has shareholders' equity in excess of $100 million in U.S. currency

(or a foreign currency equivalent thereof)(iii) a banking institution or

trust company incorporated or organized under the laws of a country other

than the United States or a majority owned direct or indirect subsidiary

of a qualified U.S. bank or bank holding company that is incorporated or

organized under the laws of a country other than the United States which

has such other qualifications as shall be specified in Instructions and

approved by the Bank; or (iv) any other entity that shall have been so

qualified by exemptive order, rule or other appropriate action of the SEC;

and

depository or clearing agency, incorporated or organized under the laws of

a country other than the United States, which operates (i) the central

system for handling securities or equivalent book-entries in that country,

or (ii) a transnational system for the central handling of securities or

equivalent book-entries.

The Customer represents that its Board of Directors has approved each of the

Subcustodians listed in Schedule B to this Agreement and the terms of the

subcustody agreements between the Bank and each Subcustodian, which are attached

as Exhibits I through of Schedule B, and further represents that its Board

----

has determined that the use of each Subcustodian and the terms of each

subcustody agreement are consistent with the best interests of the Fund(s) and

its (their) shareholders. The Bank will supply the Customer with any amendment

to Schedule B for approval. As requested by the Bank, the Customer will supply

the Bank with certified copies of its Board of Directors resolution(s) with

respect to the foregoing prior to placing Assets with any Subcustodian so

approved.

Section 11. Instructions.

-------------

Add the following language to the end of Section 11:

Deposit Account Payments and Custody Account Transactions made pursuant to

Section 5 and 6 of this Agreement may be made only for the purposes listed

below. Instructions must specify the purpose for which any transaction is to be

made and Customer shall be solely responsible to assure that Instructions are in

accord with any limitations or restrictions applicable to the Customer by law or

as may be set forth in its prospectus.

(a) In connection with the purchase or sale of Securities at prices as

confirmed by Instructions;

(b) When Securities are called, redeemed or retired, or otherwise become

payable;

securities and cash pursuant to any plan or merger, consolidation,

reorganization, recapitalization or readjustment;

(d) Upon conversion of Securities pursuant to their terms into other

securities;

(e) Upon exercise of subscription, purchase or other similar rights

represented by Securities;

(f) For the payment of interest, taxes, management or supervisory fees,

distributions or operating expenses;

(g) In connection with any borrowings by the Customer requiring a pledge of

Securities, but only against receipt of amounts borrowed;

(h) In connection with any loans, but only against receipt of adequate

collateral as specified in Instructions which shall reflect any

restrictions applicable to the Customer;

(i) For the purpose of redeeming shares of the capital stock of the Customer

and the delivery to, or the crediting to the account of, the Bank, its

Subcustodian or the Customer's transfer agent, such shares to be purchased

or redeemed;

(j) For the purpose of redeeming in kind shares of the Customer against

delivery to the Bank, its Subcustodian or the Customer's transfer agent of

such shares to be so redeemed;

(k) For delivery in accordance with the provisions of any agreement among the

Customer, the Bank and a broker-dealer registered under the Securities

Exchange Act of 1934 (the "Exchange Act") and a member of The National

Association of Securities Dealers, Inc. ("NASD"), relating to compliance

with the rules of The Options Clearing Corporation and of any registered

national securities exchange, or of any similar organization or

organizations, regarding escrow or other arrangements in connection with

transactions by the Customer;

(l) For release of Securities to designated brokers under covered call

options, provided, however, that such Securities shall be released only

upon payment to the Bank of monies for the premium due and a receipt for

the Securities which are to be held in escrow. Upon exercise of the

option, or at expiration, the Bank will receive from brokers the

Securities previously deposited. The Bank will act strictly in accordance

with Instructions in the delivery of Securities to be held in escrow and

will have no responsibility or liability for any such Securities which are

not returned promptly when due other than to make proper request for such

return;

(m) For spot or forward foreign exchange transactions to facilitate security

trading, receipt of income from Securities or related transactions;

(n) For other proper purposes as may be specified in Instructions issued by

an officer of the Customer which shall include a statement of the purpose

for which the delivery or payment is to be made, the amount of the payment

or specific Securities to be delivered, the name of the person or persons

to whom delivery or payment is to be made, and a certification that the

purpose is a proper purpose under the instruments governing the Customer;

and

o) Upon the termination of this Agreement as set forth in Section 14(i).

Section 12. Standard of Care; Liabilities.

------------------------------

Add the following subsection (c) to Section 12:

inquiry, the established procedures to be followed by each of its

branches, each branch of a qualified U.S. bank, each eligible foreign

custodian and each eligible foreign securities depository holding the

Customer's Securities pursuant to this Agreement afford protection for

such Securities at least equal to that afforded by the Bank's established

procedures with respect to similar securities held by the Bank and its

securities depositories in New York.

Section 14. Access to Records.

------------------

Add the following language to the end of Section 14(c):

Upon reasonable request from the Customer, the Bank shall furnish the

Customer such reports (or portions thereof) of the Bank's system of internal

accounting controls applicable to the Bank's duties under this Agreement. The

Bank shall endeavor to obtain and furnish the Customer with such similar reports

as it may reasonably request with respect to each Subcustodian and securities

depository holding the Customer's assets.

GLOBAL CUSTODY AGREEMENT

WITH

-----------------------------------

DATE

-----------------------------------

SPECIAL TERMS AND CONDITIONS RIDER

----------------------------------

January, 1994

SUB-CUSTODIANS EMPLOYED BY

--------------------------

THE CHASE MANHATTAN BANK, N.A. LONDON, GLOBAL CUSTODY

-----------------------------------------------------

COUNTRY SUB-CUSTODIAN CORRESPONDENT BANK

ARGENTINA The Chase Manhattan Bank, The Chase Manhattan

N.A., Main Branch Bank, N.A.

00 Xx Xxxx 000/000 Xxxxxx Xxxxx

Xxxxxx Xxxxx

XXXXXXXXX

AUSTRALIA The Chase Manhattan Bank, The Chase Manhattan Bank

Australia Limited Australia Limited Sydney

00xx Xxxxx

Xxxxx Xxxxx Xxxxxx

Xxxxxxx Xxxxxx

Xxxxxx

New South Wales 2000

AUSTRALIA

AUSTRIA Creditanstalt - Bankvereln Credit Lyonnais Vienna

Xxxxxxxxxxxxx 0

X - 0000, Xxxxxx

XXXXXXX

BANGLADESH Standard Chartered Bank Standard Chartered Bank

18-20 Motijheel C.A. Xxxxx

Xxx 000,

Xxxxx-0000

XXXXXXXXXX

XXXXXXX Generale Bank Credit Xxxxxxxx Xxxx

0 Xxxxxxxx Xx Xxxx Xxxxxxxx

0000 Bruxelles

BELGIUM

BOTSWANA Standard Chartered Bank Standard Chartered Bank

Botswana Ltd. Botswana Ltd.

0xx Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx

The Mall

Gaborone

BOTSWANA

BRAZIL Banco Chase Manhattan, S.A. Banco Chase Manhattan

Chase Manhattan Center S.A., Sao Xxxxx

Xxx Verbo Divino, 1400

Sao Paulo, SP 00000-000

XXXXXX

CANADA The Royal Bank of Canada Toronto Dominion Bank

Xxxxx Xxxx Xxxxx Xxxxxxx

Xxxxxxx

Xxxxxxx X0X 0X0

XXXXXX

Xxxxxx Trust Toronto Dominion Bank

Canada Trust Tower Toronto

BCE Place

000 Xxx xx Xxxxx

Xxxxxxx

Xxxxxxx X0X 0X0

XXXXXX

CHILE The Chase Manhattan Bank, The Chase Manhattan

N.A., Agustinas 1235 Bank, N.A., Xxxxxxxx

Xxxxxxx 0000

Xxxxxxxx

XXXXX

COLOMBIA Cititrust Colombia S.A. Cititrust Colombia S.A.

Sociedad Fiduciaria Sociedad Fiduciaria

Av. Xxxxxxx No 8-89 Santafe de Bogota

Santafe de Bogota, DC

COLOMBIA

CZECH Ceskoslovenska Obchodni Ceskoslovenska

REPUBLIC Banka, A.S.; Xx Xxxxxxxx 00 Xxxxxxxx Xxxxx, A.S.

000 00 Xxxxx 0 Xxxxx

XXXXX XXXXXXXX

DENMARK Den Xxxxxx Xxxx Xxx Xxxxxx Xxx

0 Xxxxxxx Xxxxxx XX 1091 Copenhagen

Copenhagen

DENMARK

EUROBONDS Cedel S.A. A/c No. 17817

67 Blvd Grande Duchesse ECU:Lloyds Bank PLC

Charlotte LUXEMBOURG International Banking

Dividion

A/c Chase Manhattan Bank, London

N.A. London For all other

currencies: see

relevant country

EURO CDS First Chicago Clearing Centre ECU:Lloyds Bank PLC

00 Xxxxxxxxxx Xxxxxx Banking Division Xxxxxx

Xxxxxx XX0X 0XX For all other

UK currencies: see

relevant country

FINLAND Kansallis-Osake-Pankki Kanasallis-Osake-Pankki

Xxxxxxxxxxxxxxxx 00

00000 Xxxxxxxx 10

FINLAND

FRANCE Banque Paribas Societe Generale Paris

Ref 256

XX 000

0, Xxx X'Xxxxx

75078 Xxxxx

Xxxxx 00

XXXXXX

XXXXXXX Chase Bank X.X. Xxxxx Bank A.G.

Xxxxxxxxxxxxxxxx 00 Xxxxxxxxx

Xxxxxxxx 00 00 09

60441 Frankfurt/Main

GERMANY

GREECE National Bank of Greece S.A. National Bank of Greece

00 Xxxxxxx Xxxxxx S.A. Athens

Athens A/c Chase Manhattan

GREECE Bank, N.A., London

A/c Xx. 000/0/000000-00

XXXX XXXX Xxx Xxxxx Xxxxxxxxx Xxxx,XX The Chase Manhattan

00/X Xxx Xxxxxxxx Xxxxxx Xxxx, X.X., Xxxx Xxxx

0, Xxxxxxxxx Xxxxx

Xxxxxxx, Xxxx Xxxx

XXXX XXXX

XXXXXXX Citibank Budapest Rt. Citibank Budapest Rt.

Xxxx Xxxx 00-00 Xxxxxxxx

0000 Xxxxxxxx X

XXXXXXX

XXXXX The Hongkong and Shanghai The Hongkong and

Banking Corporation Limited Shanghai Banking

00/00 Xxxxxxx Xxxxxx Xxxx Corporation Limited,

Bombay 400 001 Bombay

INDIA

INDONESIA The Hongkong and Shanghai The Chase Manhattan

Banking Corporation Limited Bank, N.A., Jakarta

World Trade Center

J1. Jend Xxxxxxxx Xxx. 00-00

Xxxxxxx 00000

XXXXXXXXX

IRELAND Bank of Ireland Allied Irish Bank Dublin

International Financial Services Centre

0 Xxxxxxxxxxxxx Xxxxx

Xxxxxx 0

XXXXXXX

ISRAEL Bank Leumi Le-Israel B.M. Bank Leumi Le-Israel

00 Xxxxx Xxxxxx X.X., Xxx Xxxx

00000 Tel Aviv

ISRAEL

ITALY The Chase Manhattan Bank, The Chase Manhattan

N.A., Xxxxxx Xxxx 0 Xxxx, X.X., Xxxxx

00000 Xxxxx

XXXXX

JAPAN The Chase Manhattan Bank, The Chase Manhattan

N.A.,1-3 Marunouchi 1-Chome Bank, N.A., Tokyo

Chiyoda-Ku

Tokyo 000

XXXXX

JORDAN Arab Bank Limited Arab Bank Limited

X.X. Xxx 000000-0 Xxxxx

Xxxxx

Xxxxxxxxx

XXXXXX

LUXEMBOURG Banque Generale du Luxembourg Banque Generale du

S.A., 00 Xxxxxx Xxxxxxxx Xxxxxxxxxx S.A.

LUXEMBOURG Luxembourg

MALAYSIA The Chase Manhattan Bank, The Chase Manhattan

N.A., Pernas International Bank, N.A., Kuala Lumpur

Xxxxx Xxxxxx Xxxxxx

00000, Xxxxx Xxxxxx

MALAYSIA

MEXICO The Chase Manhattan Bank, No correspondent Bank

N.A., Hamburgo 213, Piso 7 (Equities)

00000 Xxxxxx D.F.

MEXICO

(Government Banco Nacional de Mexico, Banque Commerciale du

Bonds) Xxxxxxx Xxxxxx Xx. Xxxxx

000-00 Xxxx Xxxxxxxxxx

00000 Xxxxxx D.F.

MEXICO

NETHERLANDS ABN AMRO N.V. Credit Lyonnais

Securities Centre Bank Nederland N.V.

X.X. Xxx 0000 Xxxxxxxxx

0000 Xx Xxxxx

XXXXXXXXXXX

XXX XXXXXXX National Nominees Limited National Bank of Xxx Xxxxxxx

Xxxxx 0 XXX Xxxxx Xxxxxxxxxx

000 Xxxxx Xxxxxx

Xxxxxxxx

XXX XXXXXXX

NORWAY Den Norske Bank Den Norske Bank

Xxxxxxxxxx 00 Xxxx

Xxxx 0

XXXXXX

XXXXXXXX Citibank N.A. Citibank N.A.

State Life Building No.1 Karachi

X.X. Xxxxxxxxxx Xxxx

Xxxxxxx

XXXXXXXX

PERU Citibank, N.A. Citibank N.A. Lima

Camino Real 457

XX Xxxxx Real - 0xx Xxxxx

Xxx Xxxxxx, Xxxx 00

XXXX

XXXXXXXXXXX The Hongkong and Shanghai The Hongkong and Shaghai

Banking Corporation Limited Banking Corporation

Hong Kong Bank Centre 3/F Limited, Manila

San Xxxxxx Avenue

Ortigas Commercial Centre

Pasig Metro Manila

PHILIPPINES

POLAND Bank Polska Kasa Opieki Bank Potska Kasa Opieki

S.A., 6/12 Nowy Swiat Str S.A., Xxxxxx

00-000 Xxxxxx

XXXXXX

PORTUGAL Banco Espirito Santo & Banco Pinto &

Comercial de Lisboa Sotto Mayor

Servico de Gestaode Titulos Avenida Xxxxxx

R. Mouzinho da Silvelra, Xxxxxxx xx Xxxx

36 r/c, 1200 Lisbon 1000 Lisbon

PORTUGAL

SHANGHAI The Hongkong and Shanghai The Chase Manhattan

(CHINA) Banking Corporation Limited Bank, N.A.,Hong Kong

Shanghai Branch

Corporate Banking Centre

Xxxx 000, 0/X Xxxxxxxx Xxxxxx

0000 Xxxxxxx Xx Xx

Shanghai

THE PEOPLE'S REPUBLIC OF CHINA

SCHENZHEN The Hongkong and Shanghai The Chase Manhattan

(CHINA) Banking Corporation Limited Bank, N.A., Hong Kong

1st Floor

Central Plaza Hotel

No. 1 Xxxx Xxxx Lu

Shenzhen

THE PEOPLE'S REPUBLIC OF CHINA

SINGAPORE The Chase Manhattan Bank, The Chase Manhattan

N.A. Bank, N.A.

Shell Tower Singapore

00 Xxxxxxx Xxxxx

Xxxxxxxxx 0000

XXXXXXXXX

SOUTH KOREA The Hongkong & Shanghai The Hongkong & Shanghai

Banking Corporation Limited Banking Corporation

0/X Xxxxx Xxxxxxxx Xxxxxxx, Xxxxx

#0 Chongro, 1-ka Chongro-Ku,

Seoul

SOUGH KOREA

SPAIN The Chase Manhattan Bank, Banco Zaragozano, S.A.

N.A.,Calle Peonias 0 Xxxxxx

0xx Xxxxx

Xx Xxxxxxx

00000 Xxxxxx

XXXXX

URUGUAY The First National Bank The First National Bank

of Boston of Boston

Xxxxxx 1463 Montevideo

Montevideo

URUGUAY

U.S.A The Chase Manhattan Bank, The Chase Manhattan

N.A. Bank, N.A.

1 Chase Manhattan Plaza New York

New York

NY 10081

U.S.A.

VENEZUELA Citibank N.A. Citibank N.A.

Carmelitas a Xxxxxxxxxx Caracas

Edificio Citibank

Caracas 1010

VENEZUELA

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT, dated as of April 18, 1994 (the "AMENDMENT AGREEMENT")

to the Global Custody Agreement, effective January 3, 1994 (the "CUSTODY

AGREEMENT") by and between each of the Entities listed in Attachment A hereto,

separately and individually (each such entity referred to hereinafter as the

"CUSTOMER") and THE CHASE MANHATTAN BANK, N.A. (the "BANK"). Terms defined in

the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section I of Schedule A of the Custody Agreement ("SCHEDULE

---------

A") shall be amended to add each Customer listed in Attachment A hereto. The

revised Schedule A incorporating these changes in the form attached hereto as

Attachment B shall supersede the existing Schedule A in its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

---------

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

-------------------------

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in

-------------

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK, N.A.

By: /s/Xxxx X. Xxxxxxxx

Xxxx X. Xxxxxxxx

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

By: /s/Xxxxxx X. Xxxxxx

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

X. Xxxx Price International Series, Inc. on behalf of the

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Equity Series, Inc. on behalf of the

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price New America Growth Fund, Inc.

X. Xxxx Price Income Series, Inc. on behalf of

X. Xxxx Price Limited-Term Bond Portfolio

Attachment B

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1993

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

------------

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price European Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price International Series, Inc., on behalf of:

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small-Cap Value Fund, Inc.

CUNA Mutual Funds, Inc. on behalf of:

CUNA Mutual Cornerstone Fund

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price New America Growth Fund, Inc.

Attachment B

Schedule A

Page 2 of 2

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

-------- --------------

AGREEMENT

----------

Income Funds

------------

X. Xxxx Price Adjustable Rate U.S. Government Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Government Income Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

X. Xxxx Price Income Series, Inc. on behalf of:

X. Xxxx Price Limited-Term Bond Portfolio

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Xxxxxxx Salaried

Savings Plan

Common Trust Funds

------------------

X. Xxxx Price Trust Company,

as Trustee for the International

Common Trust Fund on behalf of

the Underlying Trusts:

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Pacific Discovery Trust

European Discovery Trust

Japan Discovery Trust

Latin American Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable to

the Customer listed under

RPFI International Section III of this

Partners, L.P. Schedule A.

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT, dated as of August 15, 1994 (the "AMENDMENT

AGREEMENT") to the Global Custody Agreement, effective January 3, 1994, as

amended (the "CUSTODY AGREEMENT") by and between each of the Entities listed in

Attachment A hereto, separately and individually (each such entity referred to

hereinafter as the "CUSTOMER") and THE CHASE MANHATTAN BANK, N.A. (the "BANK").

Terms defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section I of Schedule A of the Custody Agreement ("SCHEDULE

---------

A") shall be amended to add each Customer listed in Attachment A hereto. The

revised Schedule A incorporating these changes in the form attached hereto as

Attachment B shall supersede the existing Schedule A in its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

---------

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

-------------------------

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in

-------------

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK, N.A.

By: /s/Xxxx X. Xxxxxxxx

Xxxx X. Xxxxxxxx

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

By: /s/Xxxxxx X. Xxxxxx

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

X. Xxxx Price Equity Series, Inc. on behalf of the

X. Xxxx Price Personal Strategy Balanced Portfolio

X. Xxxx Price Personal Strategy Funds, Inc. on behalf of

X. Xxxx Price Personal Strategy Balanced Fund

X. Xxxx Price Personal Strategy Growth Fund

X. Xxxx Price Personal Strategy Income Fund

Attachment B

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1993

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

------------

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price European Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price International Series, Inc., on behalf of:

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small-Cap Value Fund, Inc.

CUNA Mutual Funds, Inc. on behalf of:

CUNA Mutual Cornerstone Fund

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price Personal Strategy Balanced Portfolio

X. Xxxx Price New America Growth Fund, Inc.

Income Funds

------------

X. Xxxx Price Adjustable Rate U.S. Government Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Government Income Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

X. Xxxx Price Income Series, Inc. on behalf of:

X. Xxxx Price Limited-Term Bond Portfolio

X. Xxxx Price Personal Strategy Funds, Inc. on behalf of:

X. Xxxx Price Personal Strategy Balanced Fund

X. Xxxx Price Personal Strategy Growth Fund

X. Xxxx Price Personal Strategy Income Fund

Attachment B

Schedule A

Page 2 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Matthey Salaried

Savings Plan

Common Trust Funds

------------------

X. Xxxx Price Trust company,

as Trustee for the International

Common Trust Fund on behalf of

the Underlying Trusts:

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Pacific Discovery Trust

European Discovery Trust

Japan Discovery Trust

Latin American Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable to

the Customer listed under

RPFI International Section III of this

Partners, L.P. Schedule A.

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT, dated as of November 28, 1994 (the "Amendment

Agreement") to the Global Custody Agreement, effective January 3, 1994, as

amended (the "Custody Agreement") by and between each of the Entities listed in

Attachment A hereto, separately and individually (each such entity referred to

hereinafter as the "Customer") and THE CHASE MANHATTAN BANK, N.A. (the "Bank").

Terms defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section I of Schedule A of the Custody Agreement ("Schedule

A") shall be amended to add each Customer listed in Attachment A hereto. The

revised Schedule A incorporating these changes in the form attached hereto as

Attachment B shall supersede the existing Schedule A in its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK, N.A.

/s/Xxxx X. Xxxxxxxx

By :_________________________________

Xxxx X. Xxxxxxxx

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

/s/Xxxxxx X. Xxxxxx

By: _________________________________

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

X. Xxxx Price Value Fund, Inc.

X. Xxxx Price Capital Opportunity Fund, Inc.

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Emerging Markets Bond Fund

Attachment B

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1993

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Capital Opportunity Fund, Inc.

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price European Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price International Series, Inc., on behalf of:

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small-Cap Value Fund, Inc.

CUNA Mutual Funds, Inc. on behalf of:

CUNA Mutual Cornerstone Fund

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price Personal Strategy Balanced Portfolio

X. Xxxx Price New America Growth Fund, Inc.

X. Xxxx Price Value Fund, Inc.

Income Funds

X. Xxxx Price Adjustable Rate U.S. Government Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Government Income Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

X. Xxxx Price Emerging Markets Bond Fund

X. Xxxx Price Income Series, Inc. on behalf of:

X. Xxxx Price Limited-Term Bond Portfolio

X. Xxxx Price Personal Strategy Funds, Inc. on behalf of:

X. Xxxx Price Personal Strategy Balanced Fund

X. Xxxx Price Personal Strategy Growth Fund

X. Xxxx Price Personal Strategy Income Fund

Attachment B

Schedule A

Page 2 of 2

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Xxxxxxx Salaried

Savings Plan

Common Trust Funds

X. Xxxx Price Trust company,

as Trustee for the International

Common Trust Fund on behalf of

the Underlying Trusts:

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Pacific Discovery Trust

European Discovery Trust

Japan Discovery Trust

Latin American Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable to

the Customer listed under

RPFI International Section III of this

Partners, L.P. Schedule A.

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT, dated as of May 31, 1995 (the "Amendment Agreement")

to the Global Custody Agreement, effective January 3, 1994, as amended (the

"Custody Agreement") by and between each of the Entities listed in Attachment A

hereto, separately and individually (each such entity referred to hereinafter as

the "Customer") and THE CHASE MANHATTAN BANK, N.A. (the "Bank"). Terms defined

in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section I of Schedule A of the Custody Agreement ("Schedule

A") shall be amended to add and delete certain Customers as specified in

Attachment A hereto. The revised Schedule A incorporating these changes in the

form attached hereto as Attachment B shall supersede the existing Schedule A in

its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK, N.A.

/s/Xxxx X. Xxxxxxxx

By: _________________________________

Xxxx X. Xxxxxxxx

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

/s/Xxxxxx X. Xxxxxx

By: _________________________________

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

Add the following Fund:

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Emerging Markets Stock Fund

Delete the following Fund:

CUNA Mutual Funds, Inc. on behalf of:

CUNA Mutual Cornerstone Fund

Attachment B

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1993

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Capital Opportunity Fund, Inc.

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price European Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price Emerging Markets Stock Fund

X. Xxxx Price International Series, Inc., on behalf of:

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small-Cap Value Fund, Inc.

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price Personal Strategy Balanced Portfolio

X. Xxxx Price New America Growth Fund, Inc.

X. Xxxx Price Value Fund, Inc.

Income Funds

X. Xxxx Price Adjustable Rate U.S. Government Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Government Income Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

X. Xxxx Price Emerging Markets Bond Fund

X. Xxxx Price Income Series, Inc. on behalf of:

X. Xxxx Price Limited-Term Bond Portfolio

X. Xxxx Price Personal Strategy Funds, Inc. on behalf of:

X. Xxxx Price Personal Strategy Balanced Fund

X. Xxxx Price Personal Strategy Growth Fund

X. Xxxx Price Personal Strategy Income Fund

Attachment B

Schedule A

Page 2 of 2

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Matthey Salaried

Savings Plan

Common Trust Funds

X. Xxxx Price Trust company,

as Trustee for the International

Common Trust Fund on behalf of

the Underlying Trusts:

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Pacific Discovery Trust

European Discovery Trust

Japan Discovery Trust

Latin American Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable to

the Customer listed under

RPFI International Section III of this

Partners, L.P. Schedule A.

AMENDMENT AGREEMENT

AMENDMENT AGREEMENT, dated as of November 1, 1995 (the "Amendment

Agreement") to the Global Custody Agreement, effective January 3, 1994, as

amended (the "Custody Agreement") by and between each of the Entities listed in

Attachment A hereto, separately and individually (each such entity referred to

hereinafter as the "Customer") and THE CHASE MANHATTAN BANK, N.A. (the "Bank").

Terms defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section I of Schedule A of the Custody Agreement ("Schedule

A") shall be amended to add and delete certain Customers as specified in

Attachment A hereto. The revised Schedule A incorporating these changes in the

form attached hereto as Attachment B shall supersede the existing Schedule A in

its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK, N.A.

/s/Xxxx X. Xxxxxxxx

By: _________________________________

Xxxx X. Xxxxxxxx

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

/s/Xxxxxx X. Xxxxxx

By: _________________________________

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

Add the following Funds:

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Stock Fund

X. Xxxx Price Corporate Income Fund, Inc.

X. Xxxx Price Health & Life Sciences Fund, Inc.

Attachment B

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1993

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Capital Opportunity Fund, Inc.

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price European Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price Emerging Markets Stock Fund

X. Xxxx Price Global Stock Fund

X. Xxxx Price International Series, Inc., on behalf of:

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small-Cap Value Fund, Inc.

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price Personal Strategy Balanced Portfolio

X. Xxxx Price New America Growth Fund, Inc.

X. Xxxx Price Value Fund, Inc.

X. Xxxx Price Health & Life Sciences Fund, Inc.

Income Funds

X. Xxxx Price Adjustable Rate U.S. Government Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Global Government Income Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

X. Xxxx Price Emerging Markets Bond Fund

X. Xxxx Price Income Series, Inc. on behalf of:

X. Xxxx Price Limited-Term Bond Portfolio

X. Xxxx Price Personal Strategy Funds, Inc. on behalf of:

X. Xxxx Price Personal Strategy Balanced Fund

X. Xxxx Price Personal Strategy Growth Fund

X. Xxxx Price Personal Strategy Income Fund

X. Xxxx Price Corporate Income Fund, Inc.

Attachment B

Schedule A

Page 1 of 2

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Xxxxxxx Salaried

Savings Plan

Common Trust Funds

X. Xxxx Price Trust Company,

as Trustee for the International

Common Trust Fund on behalf of

the Underlying Trusts:

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Pacific Discovery Trust

European Discovery Trust

Japan Discovery Trust

Latin American Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable to

the Customer listed under

RPFI International Section III of this

Partners, L.P. Schedule A.

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, and November 1, 1995 (the

"Custody Agreement"), by and between each of the Entities listed in Attachment A

hereto, separately and individually (each such entity referred to hereinafter as

the "Customer") and The Chase Manhattan Bank, N.A., which contracts have been

assumed by operation of law by THE CHASE MANHATTAN BANK (the "Bank") is hereby

further amended, as of July 31, 1996 (the "Amendment Agreement"). Terms defined

in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section I of Schedule A of the Custody Agreement ("Schedule

A") shall be amended to add and delete certain Customers as specified in

Attachment A hereto. The revised Schedule A incorporating these changes in the

form attached hereto as Attachment B shall supersede the existing Schedule A in

its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Xxxxxxxx Xxxxxxx

By:_________________________________

Xxxxxxxx Xxxxxxx Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEPARATELY AND

INDIVIDUALLY

/s/Xxxxxx X. Xxxxxx

By:________________________________

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

Add the following Funds:

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Mid-Cap Growth Portfolio

X. Xxxx Price Financial Services Fund, Inc.

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund

X. Xxxx Price Mid-Cap Value Fund, Inc.

X. Xxxx Price Trust Company, as Trustee for the

International Common Trust Fund on behalf of:

Emerging Markets Equity Trust

Attachment B

Schedule A

Page 1 of 2

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK, N.A.

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

X. Xxxx Price Balanced Fund, Inc.

X. Xxxx Price Blue Chip Growth Fund, Inc.

X. Xxxx Price Capital Appreciation Fund

X. Xxxx Price Capital Opportunity Fund, Inc.

X. Xxxx Price Dividend Growth Fund, Inc.

X. Xxxx Price Equity Income Fund

X. Xxxx Price Equity Series, Inc. on behalf of:

X. Xxxx Price Equity Income Portfolio

X. Xxxx Price Mid-Cap Growth Portfolio

X. Xxxx Price New America Growth Portfolio

X. Xxxx Price Personal Strategy Balanced Portfolio

X. Xxxx Price Financial Services Fund, Inc.

X. Xxxx Price Growth & Income Fund, Inc.

X. Xxxx Price Growth Stock Fund, Inc.

X. Xxxx Price Health Sciences Fund, Inc.

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Emerging Markets Stock Fund

X. Xxxx Price European Stock Fund

X. Xxxx Price Global Stock Fund

X. Xxxx Price International Discovery Fund

X. Xxxx Price International Stock Fund

X. Xxxx Price Japan Fund

X. Xxxx Price Latin America Fund

X. Xxxx Price New Asia Fund

X. Xxxx Price International Series, Inc., on behalf of:

X. Xxxx Price International Stock Portfolio

X. Xxxx Price Mid-Cap Growth Fund, Inc.

X. Xxxx Price Mid-Cap Value Fund, Inc.

X. Xxxx Price New America Growth Fund

X. Xxxx Price New Era Fund, Inc.

X. Xxxx Price New Horizons Fund, Inc.

X. Xxxx Price OTC Fund, Inc. on behalf of:

X. Xxxx Price OTC Fund

X. Xxxx Price Science & Technology Fund, Inc.

X. Xxxx Price Small-Cap Value Fund, Inc.

X. Xxxx Price Value Fund, Inc.

Income Funds

X. Xxxx Price Corporate Income Fund, Inc.

X. Xxxx Price High Yield Fund, Inc.

X. Xxxx Price Income Series, Inc. on behalf of:

X. Xxxx Price Limited-Term Bond Portfolio

X. Xxxx Price International Funds, Inc. on behalf of:

X. Xxxx Price Emerging Markets Bond Fund

X. Xxxx Price Global Government Bond Fund

X. Xxxx Price International Bond Fund

X. Xxxx Price Short-Term Global Income Fund

X. Xxxx Price New Income Fund, Inc.

X. Xxxx Price Personal Strategy Funds, Inc. on behalf of:

X. Xxxx Price Personal Strategy Balanced Fund

X. Xxxx Price Personal Strategy Growth Fund

X. Xxxx Price Personal Strategy Income Fund

X. Xxxx Price Short-Term Bond Fund, Inc.

X. Xxxx Price Short-Term U.S. Government Fund, Inc.

X. Xxxx Price Summit Funds, Inc. on behalf of:

X. Xxxx Price Summit Limited-Term Bond Fund

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Xxxx Price Trust Company as Trustee for the

Xxxxxxx Matthey Salaried

Savings Plan

Common Trust Funds

X. Xxxx Price Trust Company,

as Trustee for the International

Common Trust Fund on behalf of

the Underlying Trusts:

Emerging Markets Equity Trust

European Discovery Trust

Foreign Discovery Trust

Foreign Discovery Trust-Augment

Japan Discovery Trust

Latin America Discovery Trust

Pacific Discovery Trust

New York City International Common Trust Fund

III. OTHER No Riders are applicable to the

Customer

listed under

RPFI International Section III of this

Partners, L.P. Schedule A.

AMENDMENT, dated July 17, 1997 to the January 3, 1994 Custody Agreement

("Agreement"), as amended July 31, 1996 ("Amendment Agreement"), by and between

each of the Entities listed in Attachment B of the Amendment Agreement,

separately and individually (each such entity hereinafter referred to as the

"Customer"), and The Chase Manhattan Bank, N.A. whose obligations have since

been adopted by The Chase Manhattan Bank ("Bank"), having a place of business at

Xxx Xxxxx Xxxxxxxxx Xxxxx, Xxx Xxxx, X.X. 00000

It is hereby agreed as follows:

Section 1. Except as modified hereby, the Agreement is confirmed in all

respects. Capitalized terms used herein without definition shall have the

meanings ascribed to them in the

Agreement.

Section 2. The Agreement is amended as follows by adding the following as

new ' 15:

(a) "CMBI" shall mean Chase Manhattan Bank International, an indirect

wholly-owned subsidiary of Bank, located in Moscow, Russia, and any nominee

companies appointed by it.

(b) "International Financial Institution" shall mean any bank in the top

1,000 (together with their affiliated companies) as measured by "Tier 1" capital

or any broker/dealer in the top 100 as measured by capital.

(d) "No-Action Letter" shall mean the response of the Securities and

Exchange Commission's Office of Chief Counsel of Investment Management, dated

April 18, 1995, in respect of the Xxxxxxxxx Russia Fund, Inc. (SEC Ref. No.

95-151-CC, File No. 811-8788) providing "no-action" relief under '17(f) of the

Investment Company Act of 1940, as amended, and SEC Rule 17-f5 thereunder, in

connection with custody of such Xxxxxxxxx Russia Fund, Inc.'s investments in

Russian Securities.

(e) "Reasonable Care" shall mean the use of reasonable custodial practices

under the applicable circumstances as measured by the custodial practices then

prevailing in Russia of International Financial Institutions acting as

custodians for their institutional investor clients in Russia.

(f) "Registrar Company" shall mean any entity providing share registration

services to an issuer of Russian Securities.

(g) "Registrar Contact" shall mean a contract between CMBI and a Registrar

Company (and as the same may be amended from time to time) containing, inter

alia, the contractual provisions described at paragraphs (a)-(e) on pps. 5-6 of

the No-Action Letter.

(h) "Russian Security" shall mean a Security issued by a Russian issuer.

(i) "Share Extract" shall mean: (i) an extract of its share registration

books issued by a Registrar Company indicating an investor's ownership of a

security; and (ii) a form prepared by CMBI or its agent in those cases where a

Registrar Company in unwilling to issue a Share Extract.

Section 3. Section 6(a) of the Agreement is amended by adding the following

at the end thereof: "With respect to Russia, payment for Russian Securities

shall not be made prior to the issuance of the Share Extract relating to such

Russian Security. Delivery of Russian Securities may be made in accordance with

the customary or established securities trading or securities processing

practices and procedures in Russia. Delivery of Russian Securities may also be

made in any manner specifically required by Instructions acceptable to the Bank.

Customer shall promptly supply such transaction and settlement information as

may be requested by Bank or CMBI in connection with particular transactions."

Section 4. Section 8 of the Agreement is amended by adding a new paragraph

to the end thereof as follows: "It is understood and agreed that Bank need only

use its reasonable efforts with respect to performing the functions described in

this '8 with respect to Russian Securities."

Section 5. Section 12(a)(i) of the Agreement is amended with respect to

Russian custody by deleting the phrase "reasonable care" wherever it appears and

substituting, in lieu thereof, the phrase "Reasonable Care."

Section 6. Section 12(a)(i) of the Agreement is further amended with

respect to Russian custody by inserting the following at the end of the first

sentence thereof: "provided that, with respect to Russian Securities, Bank's

responsibilities shall be limited to safekeeping of relevant Share Extracts."

Section 7. Section 12(a)(i) of the Agreement is further amended with

respect to Russian custody by inserting the following after the second sentence

thereof: "In connection with the foregoing, neither Bank nor CMBI shall assume

responsibility for, and neither shall be liable for, any action or inaction of

any Registrar Company and no Registrar Company shall be, or shall be deemed to

be, Bank, CMBI, a Subcustodian, a securities depository or the employee, agent

or personnel of any of the foregoing. To the extent that CMBI employs agents to

perform any of the functions to be performed by Bank or CMBI with respect to

Russian Securities, neither Bank nor CMBI shall be responsible for any act,

omission, default or for the solvency of any such agent unless the appointment

of such agent was made with Negligence or in bad faith, or for any loss due to

the negligent act of such agent except to the extent that such agent performs in

a negligent manner which is the cause of the loss to the Customer and the Bank

or CMBI failed to exercise reasonable care in monitoring such agent's

performance where Customer has requested and Bank has agreed to accept such

monitoring responsibility and except that where Bank or CMBI uses (i) an

affiliated nominee or (ii) an agent to perform the share registration or share

confirmation functions described in paragraphs (a)-(e) on pps. 5-6 of the

No-Action Letter, and, to the extent applicable to CMBI, the share registration

functions described on pps. 2-3 of the No-Action Letter, Bank and CMBI shall be

liable to Customer as if CMBI were responsible for performing such services

itself."

Section 8. Section 12(a)(ii) is amended with respect to Russian custody by

deleting the word "negligently" and substituting, in lieu thereof, the word

"Negligently."

Section 9. Section 12(a)(iii) is amended with respect to Russian custody by

deleting the word "negligence" and substituting, in lieu thereof, the word

"Negligence."

Section 10. Add a new Section 16 to the Agreement as follows:

(a) Bank will advise Customer (and will update such advice from time to

time as changes occur) of those Registrar Companies with which CMBI has entered

into a Registrar Contract. Bank shall cause CMBI both to monitor each Registrar

Company and to promptly advise Customer when CMBI has actual knowledge of the

occurrence of any one or more of the events described in paragraphs (i)-(v) on

pps. 8-9 of the No-Action Letter with respect to a Registrar Company that serves

in that capacity for any issuer the shares of which are held by Customer.

(b) Where Customer is considering investing in the Russian Securities of an

issuer as to which CMBI does not have a Registrar Company, Customer may request

that Bank ask that CMBI both consider whether it would be willing to attempt to

enter into such a Registrar Contract and to advise Customer of its willingness

to do so. Where CMBI has agreed to make such an attempt, Bank will advise

Customer of the occurrence of any one or more or the events described in

paragraphs (i)-(iv) on pps. 8-9 of the No-Action Letter of which CMBI has actual

knowledge.

issuer as to which CMBI has a Registrar Contract with the issuer's Registrar

Company, Customer may advise Bank of its interest in investing in such issuer

and, in such event, Bank will advise Customer of the occurrence of any one or

more of the events described in paragraphs (i)-(v) on pps. 8-9 of the No-Action

Letter of which CMBI has actual knowledge.

Section 11. Add a new Section 17 to the Agreement as follows: "Customer

shall pay for and hold Bank and CMBI harmless from any liability or loss

resulting from the imposition or assessment of any taxes (including, but not

limited to, state, stamp and other duties) or other governmental charges, and

any related expenses with respect to income on Russian Securities."

Section 12. Add a new Section 18 to the Agreement as follows: "Customer

acknowledges and agrees that CMBI may not be able, in given cases and despite

its reasonable efforts, to obtain a Share Extract from a Registrar Company and

CMBI shall not be liable in any such even including with respect to any losses

resulting from such failure."

Section 13. Add a new Section 19 to the Agreement as follows: "Customer

acknowledges that it has received, reviewed and understands that Chase market

report for Russia, including, but not limited to, the risks described therein."

Section 14. Add a new Section 20 to the Agreement as follows: "Subject to

the cooperation of a Registrar Company, for at least the first two years

following CMBI's first use of a Registrar Company, Bank shall cause CMBI to

conduct share confirmations on at least a quarterly basis, although thereafter

confirmations may be conducted on a less frequent basis if Customer's Board of

Directors, in consultation with CMBI, determines it to be appropriate."

Section 15. Add a new Section 21 to the Agreement as follows: "Bank shall

cause CMBI to prepare for distribution to Customer's Board of Directors a

quarterly report identifying: (i) any concerns it has regarding the Russian

share registration system that should be brought to the attention of the Board

of Directors; and (ii) the steps CMBI has taken during the reporting period to

ensure that Customer's interests continue to be appropriately recorded."

Section 16. Add a new Section 22 to the Agreement as follows: "Except as

provided in new '16(b), the services to be provided by Bank hereunder will be

provided only in relation to Russian Securities for which CMBI has entered into

a Registrar Contract with the relevant Registrar Company."

*********************

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date

first above written.

for EACH CUSTOMER THE CHASE MANHATTAN

BANK

separately and individually

/s/Xxxxx X. Xxxxxxx /s/Xxxxx X. Bairsto

Xxxxx X. Xxxxxxx Xxxxx X. Bairsto

Vice President Vice President

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, and July 31,

1996 (the "Custody Agreement"), by and between each of the Entities listed in

Attachment A hereto, separately and individually (each such entity referred to

hereinafter as the "Customer") and The Chase Manhattan Bank, N.A., which

contracts have been assumed by operation of law by THE CHASE MANHATTAN BANK (the

"Bank") is hereby further amended, as of July 23, 1997 (the "Amendment

Agreement"). Terms defined in the Custody Agreement are used herein as therein

defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section 1 of Schedule A of the Custody Agreement ("Schedule

A") shall be amended to add certain Customers as specified in Attachment A

hereto. The revised Schedule A incorporating these changes in the form attached

hereto as Attachment B shall supersede the existing Schedule A in its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law: This Amendment Agreement shall be construed in accordance

with and governed by the law of the State of New York without regard to its

conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the

day and year first above written.

THE CHASE MANHATTAN BANK

By: /S/Xxxxxxxx Xxxxxxx

Xxxxxxxx Xxxxxxx

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

By: /s/Xxxxxx X. Xxxxxx

Xxxxxx X. Xxxxxx

Treasurer

Attachment A

LIST OF CUSTOMERS

Add the following Funds:

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

T. Rowe Price Media & Telecommunications Fund, Inc.

T. Rowe Price Tax-Efficient Balanced Fund, Inc.

Change the name of the following Fund:

T. Rowe Price OTC Fund, Inc., on behalf of:

T. Rowe Price OTC Fund

Effective May 1, 1997, the fund name changed to:

T. Rowe Price Small-Cap Stock Fund, Inc.

Delete the following Fund:

T. Rowe Price International Funds, Inc., on behalf of:

T. Rowe Price Short-Term Global Income Fund

Attachment B

Schedule A

Page 1 of 3

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

T. Rowe Price Balanced Fund, Inc.

T. Rowe Price Blue Chip Growth Fund, Inc.

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Capital Opportunity Fund, Inc.

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

T. Rowe Price Dividend Growth Fund, Inc.

T. Rowe Price Equity Income Fund

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio

T. Rowe Price Mid-Cap Growth Portfolio

T. Rowe Price New America Growth Portfolio

T. Rowe Price Personal Strategy Balanced Portfolio

T. Rowe Price Financial Services Fund, Inc.

T. Rowe Price Growth & Income Fund, Inc.

T. Rowe Price Growth Stock Fund, Inc.

T. Rowe Price Health Sciences Fund, Inc.

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Stock Fund

T. Rowe Price European Stock Fund

T. Rowe Price Global Stock Fund

T. Rowe Price International Discovery Fund

T. Rowe Price International Stock Fund

T. Rowe Price Japan Fund

T. Rowe Price Latin America Fund

T. Rowe Price New Asia Fund

Attachment B

Schedule A

Page 2 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

Equity Funds

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

T. Rowe Price Media & Telecommunications Fund, Inc.

T. Rowe Price Mid-Cap Growth Fund, Inc.

T. Rowe Price Mid-Cap Value Fund, Inc.

T. Rowe Price New America Growth Fund

T. Rowe Price New Era Fund, Inc.

T. Rowe Price New Horizons Fund, Inc.

T. Rowe Price Science & Technology Fund, Inc.

T. Rowe Price Small-Cap Stock Fund, Inc.

T. Rowe Price Small-Cap Value Fund, Inc.

T. Rowe Price Value Fund, Inc.

Income Funds

T. Rowe Price Corporate Income Fund, Inc.

T. Rowe Price High Yield Fund, Inc.

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

T. Rowe Price Global Government Bond Fund

T. Rowe Price International Bond Fund

T. Rowe Price New Income Fund, Inc.

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

T. Rowe Price Personal Strategy Growth Fund

T. Rowe Price Personal Strategy Income Fund

T. Rowe Price Short-Term Bond Fund, Inc.

T. Rowe Price Short-Term U.S. Government Fund, Inc.

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund

T. Rowe Price Tax-Efficient Balanced Fund, Inc.

Attachment B

Schedule A

Page 3 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Rowe Price Trust Company as Trustee for the

Johnson Matthey Salaried

Savings Plan

Common Trust Funds

T. Rowe Price Trust Company, as Trustee for the

International Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust

European Discovery Trust

Foreign Discovery Trust

Foreign Discovery Trust - Augment

Japan Discovery Trust

Latin America Discovery Trust

Pacific Discovery Trust

New York City International Common Trust Fund

III. OTHER

RPFI International Partners, L.P. No Riders are applicable to the

Customer listed under Section III of this Schedule A.

AMENDMENT, dated July 23, 1997, to the Custody Agreement ("Agreement"),

dated January 3, 1994, between The Chase Manhattan Bank (as successor to The

Chase Manhattan Bank, N.A.), having an office at 270 Park Avenue, New York, NY

10017-2070 and certain T. Rowe Price funds.

It is agreed as follows:

1. The third line of '8 of the Agreement is deleted and the following is

inserted, in lieu thereof:

Bank shall provide proxy voting services in accordance with the

terms of the proxy voting services rider ("Proxy Rider") annexed

hereto as Exhibit 1. Proxy voting services may be provided by Bank

or, in whole or in part, by one or more third parties appointed by

Bank (which may be Affiliates of Bank).

2. Except as modified hereby, the Agreement is confirmed in all respects.

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date

first above written.

EACH OF THE CUSTOMERS, INDIVIDUALLY THE CHASE MANHATTAN

AND SEPARATELY LISTED ON SECTION 1 OF BANK

SCHEDULE A HERETO

By:/s/Henry H. Hopkins By:/s/Helen C. Bairsto

Henry H. Hopkins Helen C. Bairsto

Vice President Vice President

EACH OF THE CUSTOMERS, INDIVIDUALLY AND

SEPARATELY LISTED ON SECTION 2 OF

SCHEDULE A HERETO

By:/s/Nancy M. Morris

Nancy M. Morris

Vice President

Exhibit 1

GLOBAL PROXY SERVICE RIDER

TO GLOBAL CUSTODY AGREEMENT

BETWEEN

THE CHASE MANHATTAN BANK

AND

CERTAIN T. ROWE PRICE FUNDS

DATED 3RD JANUARY, 1994

1. Global Proxy Services ("Proxy Services") shall be provided for the

countries listed in the procedures and guidelines ("Procedures") furnished to

the Customer, as the same may be amended by Bank from time to time on prior

notice to Customer. The Procedures are incorporated by reference herein and form

a part of this Rider.

2. Proxy Services shall consist of those elements as set forth in the

Procedures, and shall include (a) notifications ("Notifications") by Bank to

Customer of the dates of pending shareholder meetings, resolutions to be voted

upon and the return dates as may be received by Bank or provided to Bank by its

Subcustodians or third parties, and (b) voting by Bank of proxies based on

Customer directions. Original proxy materials or copies thereof shall not be

provided. Notifications shall generally be in English and, where necessary,

shall be summarized and translated from such non-English materials as have been

made available to Bank or its Subcustodian. In this respect Bank=s only

obligation is to provide information from sources it believes to be reliable

and/or to provide materials summarized and/or translated in good faith. Bank

reserves the right to provide Notifications, or parts thereof, in the language

received. Upon reasonable advance request by Customer, backup information

relative to Notifications, such as annual reports, explanatory material

concerning resolutions, management recommendations or other material relevant to

the exercise of proxy voting rights shall be provided as available, but without

translation.

3. While Bank shall attempt to provide accurate and complete Notifications,

whether or not translated, Bank shall not be liable for any losses or other

consequences that may result from reliance by Customer upon Notifications where

Bank prepared the same in good faith.

4. Notwithstanding the fact that Bank may act in a fiduciary capacity with

respect to Customer under other agreements or otherwise under the Agreement, in

performing Proxy Services

Bank shall be acting solely as the agent of Customer, and shall not

exercise any discretion with regard to such Proxy Services.

5. Proxy voting may be precluded or restricted in a variety of circumstances,

including, without limitation, where the relevant Securities are: (I) on loan;

(ii) at registrar for registration or reregistration; (iii) the subject of a

conversion or other corporate action; (iv) not held in a name subject to the

control of Bank or its Subcustodian or are otherwise held in a manner which

precludes voting; (v) not capable of being voted on account of local market

regulations or practices or restrictions by the issuer; or (vi) held in a margin

or collateral account.

6. Customer acknowledges that in certain countries Bank may be unable to vote

individual proxies but shall only be able to vote proxies on a net basis (e.g.,

a net yes or no vote given the voting instructions received from all customers).

7. Customer shall not make any use of the information provided hereunder,

except in connection with the funds or plans covered hereby, and shall in no

event sell, license, give or otherwise make the information provided hereunder

available, to any third party, and shall not directly or indirectly compete with

Bank or diminish the market for Proxy Services by provision of such information,

in whole or in part, for compensation or otherwise, to any third party.

8. The names of Authorized Persons for Proxy Services shall be furnished to

Bank in accordance with '10 of the Agreement. Proxy Services fees shall be as

separately agreed.

SCHEDULE A

SECTION 1

T. Rowe Price Balanced Fund, Inc.

T. Rowe Price Blue Chip Growth Fund, Inc.

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Capital Opportunity Fund, Inc.

T. Rowe Price Corporate Income Fund, Inc.

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

T. Rowe Price Dividend Growth Fund, Inc.

T. Rowe Price Equity Income Fund

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Mid-Cap Growth Portfolio

T. Rowe Price New America Growth Portfolio

T. Rowe Price Personal Strategy Balanced Portfolio

T. Rowe Price Financial Services Fund, Inc.

T. Rowe Price Growth & Income Fund, Inc.

T. Rowe Price Growth Stock Fund, Inc.

T. Rowe Price Health Sciences Fund, Inc.

T. Rowe Price High Yield Fund, Inc.

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited Term Bond Portfolio

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund

T. Rowe Price Media & Telecommunications Fund, Inc.

T. Rowe Price Mid-Cap Growth Fund, Inc.

T. Rowe Price Mid-Cap Value Fund, Inc.

T. Rowe Price New America Growth Fund, Inc.

T. Rowe Price New Era Fund, Inc.

T. Rowe Price New Horizons Fund, Inc.

T. Rowe Price New Income Fund, Inc.

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

T. Rowe Price Personal Strategy Growth Fund

T. Rowe Price Personal Strategy Income Fund

T. Rowe Price Science & Technology Fund, Inc.

T. Rowe Price Short-Term Bond Fund, Inc.

T. Rowe Price Short-Term U.S. Government Fund, Inc.

T. Rowe Price Small-Cap Stock Fund, Inc.

T. Rowe Price Small-Cap Value Fund, Inc.

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund

T. Rowe Price Tax-Efficient Balanced Fund, Inc.

T. Rowe Price Value Fund, Inc.

SECTION 2

NYC International Common Trust Fund

AMENDMENT, dated October 29, 1997, to the Custody Agreement ("Agreement"),

dated January 3, 1994, between The Chase Manhattan Bank (as successor to The

Chase Manhattan Bank, N.A.), having an office at 270 Park Avenue, New York, NY

10017-2070 and certain T. Rowe Price funds.

It is agreed as follows:

1. The third line of '8 of the Agreement is deleted and the following is

inserted, in lieu thereof:

Bank shall provide proxy voting services in accordance with the

terms of the proxy voting services rider ("Proxy Rider") annexed

hereto as Exhibit 1. Proxy voting services may be provided by Bank

or, in whole or in part, by one or more third parties appointed by

Bank (which may be Affiliates of Bank).

2. Except as modified hereby, the Agreement is confirmed in all respects.

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date

first above written.

EACH OF THE CUSTOMERS, INDIVIDUALLY THE CHASE MANHATTAN

AND SEPARATELY LISTED ON SECTION 1 OF BANK

SCHEDULE A HERETO

By:/s/Henry H. Hopkins By:/s/Helen C. Bairsto

Henry H. Hopkins Helen C. Bairsto

Vice President Vice President

EACH OF THE CUSTOMERS, INDIVIDUALLY AND

SEPARATELY LISTED ON SECTION 2 OF

SCHEDULE A HERETO

By:/s/Nancy M. Morris

Nancy M. Morris

Vice President

GLOBAL PROXY SERVICE RIDER

TO GLOBAL CUSTODY AGREEMENT

BETWEEN

THE CHASE MANHATTAN BANK

AND

CERTAIN T. ROWE PRICE FUNDS

DATED 3RD JANUARY, 1994

1. Global Proxy Services ("Proxy Services") shall be provided for the

countries listed in the procedures and guidelines ("Procedures") furnished to

the Customer, as the same may be amended by Bank from time to time on prior

notice to Customer. The Procedures are incorporated by reference herein and form

a part of this Rider.

2. Proxy Services shall consist of those elements as set forth in the

Procedures, and shall include (a) notifications ("Notifications") by Bank to

Customer of the dates of pending shareholder meetings, resolutions to be voted

upon and the return dates as may be received by Bank or provided to Bank by its

Subcustodians or third parties, and (b) voting by Bank of proxies based on

Customer directions. Original proxy materials or copies thereof shall not be

provided. Notifications shall generally be in English and, where necessary,

shall be summarized and translated from such non-English materials as have been

made available to Bank or its Subcustodian. In this respect Bank=s only

obligation is to provide information from sources it believes to be reliable

and/or to provide materials summarized and/or translated in good faith. Bank

reserves the right to provide Notifications, or parts thereof, in the language

received. Upon reasonable advance request by Customer, backup information

relative to Notifications, such as annual reports, explanatory material

concerning resolutions, management recommendations or other material relevant to

the exercise of proxy voting rights shall be provided as available, but without

translation.

3. While Bank shall attempt to provide accurate and complete Notifications,

whether or not translated, Bank shall not be liable for any losses or other

consequences that may result from reliance by Customer upon Notifications where

Bank prepared the same in good faith.

4. Notwithstanding the fact that Bank may act in a fiduciary capacity with

respect to Customer under other agreements or otherwise under the Agreement, in

performing Proxy Services

Bank shall be acting solely as the agent of Customer, and shall not

exercise any discretion with regard to such Proxy Services.

5. Proxy voting may be precluded or restricted in a variety of circumstances,

including, without limitation, where the relevant Securities are: (I) on loan;

(ii) at registrar for registration or reregistration; (iii) the subject of a

conversion or other corporate action; (iv) not held in a name subject to the

control of Bank or its Subcustodian or are otherwise held in a manner which

precludes voting; (v) not capable of being voted on account of local market

regulations or practices or restrictions by the issuer; or (vi) held in a margin

or collateral account.

6. Customer acknowledges that in certain countries Bank may be unable to vote

individual proxies but shall only be able to vote proxies on a net basis (e.g.,

a net yes or no vote given the voting instructions received from all customers).

7. Customer shall not make any use of the information provided hereunder,

except in connection with the funds or plans covered hereby, and shall in no

event sell, license, give or otherwise make the information provided hereunder

available, to any third party, and shall not directly or indirectly compete with

Bank or diminish the market for Proxy Services by provision of such information,

in whole or in part, for compensation or otherwise, to any third party.

8. The names of Authorized Persons for Proxy Services shall be furnished to

Bank in accordance with '10 of the Agreement. Proxy Services fees shall be as

separately agreed.

SCHEDULE A

SECTION 1

T. Rowe Price Balanced Fund, Inc.

T. Rowe Price Blue Chip Growth Fund, Inc.

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Capital Opportunity Fund, Inc.

T. Rowe Price Corporate Income Fund, Inc.

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

T. Rowe Price Dividend Growth Fund, Inc.

T. Rowe Price Equity Income Fund

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Mid-Cap Growth Portfolio

T. Rowe Price New America Growth Portfolio

T. Rowe Price Personal Strategy Balanced Portfolio

T. Rowe Price Financial Services Fund, Inc.

T. Rowe Price Growth & Income Fund, Inc.

T. Rowe Price Growth Stock Fund, Inc.

T. Rowe Price Health Sciences Fund, Inc.

T. Rowe Price High Yield Fund, Inc.

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited Term Bond Portfolio

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund

T. Rowe Price Media & Telecommunications Fund, Inc.

T. Rowe Price Mid-Cap Growth Fund, Inc.

T. Rowe Price Mid-Cap Value Fund, Inc.

T. Rowe Price New America Growth Fund, Inc.

T. Rowe Price New Era Fund, Inc.

T. Rowe Price New Horizons Fund, Inc.

T. Rowe Price New Income Fund, Inc.

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

T. Rowe Price Personal Strategy Growth Fund

T. Rowe Price Personal Strategy Income Fund

T. Rowe Price Real Estate Fund, Inc.

T. Rowe Price Science & Technology Fund, Inc.

T. Rowe Price Short-Term Bond Fund, Inc.

T. Rowe Price Short-Term U.S. Government Fund, Inc.

T. Rowe Price Small-Cap Stock Fund, Inc.

T. Rowe Price Small-Cap Value Fund, Inc.

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund

T. Rowe Price Tax-Efficient Balanced Fund, Inc.

T. Rowe Price Value Fund, Inc.

SECTION 2

NYC International Common Trust Fund

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, and July 23, 1997 (the "Custody Agreement"), by and between each of the

Entities listed in Attachment A hereto, separately and individually (each such

entity referred to hereinafter as the "Customer") and The Chase Manhattan Bank,

N.A., which contracts have been assumed by operation of law by THE CHASE

MANHATTAN BANK (the "Bank") is hereby further amended, as of October 29, 1997

(the "Amendment Agreement"). Terms defined in the Custody Agreement are used

herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Section 1 of Schedule A of the Custody Agreement ("Schedule

A") shall be amended to add certain Customers as specified in Attachment A

hereto. The revised Schedule A incorporating these changes in the form attached

hereto as Attachment B shall supersede the existing Schedule A in its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law: This Amendment Agreement shall be construed in

accordance with and governed by the law of the State of New York without regard

to its conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

By: /s/Helen C. Bairsto

Helen C. Bairsto

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEPARATELY AND INDIVIDUALLY

By: /s/Carmen F. Deyesu

Carmen F. Deyesu

Treasurer

Attachment A

LIST OF CUSTOMERS

Add the following Fund:

T. Rowe Price Real Estate Fund, Inc.

Attachment B

Schedule A

Page 1 of 3

LIST OF CUSTOMERS, EACH INDIVIDUALLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

T. Rowe Price Balanced Fund, Inc.

T. Rowe Price Blue Chip Growth Fund, Inc.

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Capital Opportunity Fund, Inc.

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

T. Rowe Price Dividend Growth Fund, Inc.

T. Rowe Price Equity Income Fund

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio

T. Rowe Price Mid-Cap Growth Portfolio

T. Rowe Price New America Growth Portfolio

T. Rowe Price Personal Strategy Balanced Portfolio

T. Rowe Price Financial Services Fund, Inc.

T. Rowe Price Growth & Income Fund, Inc.

T. Rowe Price Growth Stock Fund, Inc.

T. Rowe Price Health Sciences Fund, Inc.

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Stock Fund

T. Rowe Price European Stock Fund

T. Rowe Price Global Stock Fund

T. Rowe Price International Discovery Fund

T. Rowe Price International Stock Fund

T. Rowe Price Japan Fund

T. Rowe Price Latin America Fund

T. Rowe Price New Asia Fund

Attachment B

Schedule A

Page 2 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

Equity Funds

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

T. Rowe Price Media & Telecommunications Fund, Inc.

T. Rowe Price Mid-Cap Growth Fund, Inc.

T. Rowe Price Mid-Cap Value Fund, Inc.

T. Rowe Price New America Growth Fund

T. Rowe Price New Era Fund, Inc.

T. Rowe Price New Horizons Fund, Inc.

T. Rowe Price Real Estate Fund, Inc.

T. Rowe Price Science & Technology Fund, Inc.

T. Rowe Price Small-Cap Stock Fund, Inc.

T. Rowe Price Small-Cap Value Fund, Inc.

T. Rowe Price Value Fund, Inc.

Income Funds

T. Rowe Price Corporate Income Fund, Inc.

T. Rowe Price High Yield Fund, Inc.

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

T. Rowe Price Global Government Bond Fund

T. Rowe Price International Bond Fund

T. Rowe Price New Income Fund, Inc.

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

T. Rowe Price Personal Strategy Growth Fund

T. Rowe Price Personal Strategy Income Fund

T. Rowe Price Short-Term Bond Fund, Inc.

T. Rowe Price Short-Term U.S. Government Fund, Inc.

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund

T. Rowe Price Tax-Efficient Balanced Fund, Inc.

Attachment B

Schedule A

Page 3 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Rowe Price Trust Company as Trustee for the

Johnson Matthey Salaried

Employee Savings Plan

Common Trust Funds

T. Rowe Price Trust Company, as Trustee for the

International Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust

European Discovery Trust

Foreign Discovery Trust

Foreign Discovery Trust - Augment

Japan Discovery Trust

Latin America Discovery Trust

Pacific Discovery Trust

New York City International Common Trust Fund

III. OTHER

RPFI International Partners, L.P. No Riders are

applicable to the

Customer listed under

Section III of this

Schedule A.

AMENDMENT AGREEMENT TO

RUSSIAN RIDER TO THE GLOBAL

CUSTODY AGREEMENT

AMENDMENT to Attachment B of Global Custody Agreement dated January 3,

1994, as amended July 23, 1997, is hereby further amended as of September 3,

1997.

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Amend Attachment B to consist of the following funds when

pertaining to the Russian Rider dated July 17, 1997:

Institutional International Funds, Inc., on behalf of:

Foreign Equity Fund

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

T. Rowe Price Emerging Markets Stock Fund

T. Rowe Price European Stock Fund

T. Rowe Price Global Government Bond Fund

T. Rowe Price Global Stock Fund

T. Rowe Price International Bond Fund

T. Rowe Price International Discovery Fund

T. Rowe Price International Stock Fund

T. Rowe Price Japan Fund

T. Rowe Price Latin America Fund

T. Rowe Price New Asia Fund

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK EACH OF THE PARTIES LISTED ABOVE

By: /s/Helen C. Bairsto By:/s/Henry H. Hopkins

Helen C. Bairsto Henry H. Hopkins

Vice President Vice President

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, and October 29, 1997 (the "Custody

Agreement"), by and between each of the Entities listed in Schedule A, as

amended thereto, severally and not jointly (each such entity referred to

hereinafter as the "Customer") and The Chase Manhattan Bank, N.A., which

contracts have been assumed by operation of law by THE CHASE MANHATTAN BANK (the

"Bank") is hereby further amended, as of December 15, 1998 (the "Amendment

Agreement"). Terms defined in the Custody Agreement are used herein as therein

defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1. Amendment. Sections 1 and 3 of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

2. Agreement. The Customer agrees to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable

thereunder as a "Customer" as defined in the Custody Agreement.

3. Confirmation of Agreement. Except as amended hereby, the Custody

--------------------------

Agreement is in full force and effect and as so amended is hereby ratified,

approved and confirmed by the Customer and the Bank in all respects.

4. Governing Law. This Amendment Agreement shall be construed in accordance

--------------

with and governed by the law of the State of New York without regard to its

conflict of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Joseph M. Rondinelli

By: _____________________________________

Joseph M. Rondinelli

Vice President

EACH OF THE CUSTOMERS LISTED IN ATTACHMENT A HERETO,

SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: _____________________________________

Henry H. Hopkins

Vice President

Attachment A

LIST OF CUSTOMERS

Change the name of the following Fund:

--------------------------------------

T. Rowe Price Global Government Bond Fund

Effective May 1, 1998, the fund name changed to:

T. Rowe Price Global Bond Fund

Add the following Fund:

-----------------------

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price International Growth & Income Fund

Add the following Funds to the Russian Rider:

---------------------------------------------

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price International Growth & Income Fund

RPFI International Partners, L.P.

Schedule A

Page 1 of 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is

REGISTERED UNDER THE INVESTMENT applicable to all Customers

COMPANY ACT OF 1940 listed under Section I of

this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc. Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc. Global Proxy Service

Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio Global Proxy Service

Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Stock Fund Russian Rider

T. Rowe Price European Stock Fund Russian Rider

T. Rowe Price Global Stock Fund Russian Rider

T. Rowe Price International Discovery Fund Russian Rider

T. Rowe Price International Growth & Income Fund Russian Rider

T. Rowe Price International Stock Fund Russian Rider

T. Rowe Price Japan Fund Russian Rider

T. Rowe Price Latin America Fund Russian Rider

T. Rowe Price New Asia Fund Russian Rider

Schedule A

Page 2 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc. Global Proxy Service

Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund Russian Rider

T. Rowe Price Global Bond Fund Russian Rider

T. Rowe Price International Bond Fund Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

T. Rowe Price Short-Term U.S. Government Fund, Inc. Global Proxy Service

Rider

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Balanced Fund, Inc. Global Proxy Service Rider

Schedule A

Page 3 of 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY

AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable

to all Customers Under

Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust

European Discovery Trust

Foreign Discovery Trust

Foreign Discovery Trust - Augment

Japan Discovery Trust

Latin America Discovery Trust

Pacific Discovery Trust

New York City International Common Trust Fund Global Proxy Service Rider

III. OTHER

RPFI International Partners, L.P. Russian Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997 and December 15, 1998

(the "Custody Agreement") by and between each of the Entities listed in Schedule

A, as amended thereto, severally and not jointly (each such entity referred to

hereinafter as the "Customer") and The Chase Manhattan Bank, N.A., whose

contracts have been assumed by THE CHASE MANHATTAN BANK (the "Bank") is hereby

further amended, as of October 6, 1999 (the "Amendment Agreement"). Terms

defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Joseph M. Rondinelli

By: ____________________________________

Joseph M. Rondinelli

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 2

LIST OF CUSTOMERS

Change the name of the following Fund:

-------------------------------------

T. Rowe Price Tax-Efficient Balanced Fund, Inc.

Effective May 27, 1999, the fund name changed to:

T. Rowe Price Tax-Efficient Funds, Inc., on behalf of

T. Rowe Price Tax-Efficient Balanced Fund

Add the following Fund:

-----------------------

T. Rowe Price Tax-Efficient Funds, Inc., on behalf of:

T. Rowe Price Tax-Efficient Growth Fund

Add the following Trusts:

------------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund, on behalf of the Underlying Trusts:

Foreign Discovery Trust - B

International Small-Cap Trust

Delete the following Trust:

--------------------------

New York City International Common Trust Fund

Add the following Funds/Trusts/Limited Partnerships to the Global Proxy Service

-------------------------------------------------------------------------------

Rider:

-----

T. Rowe Price Equity Series, Inc.

T. Rowe Price Equity Income Portfolio

T. Rowe Price Tax-Efficient Funds, Inc., on behalf of

T. Rowe Price Tax-Efficient Growth Fund

Institutional International Funds, Inc., on behalf of

Foreign Equity Fund

ATTACHMENT A

PAGE 2 OF 2

T. Rowe Price International Funds, Inc., on behalf of

T. Rowe Price Emerging Markets Stock Fund

T. Rowe Price Emerging Markets Bond Fund

T. Rowe Price European Stock Fund

T. Rowe Price Global Bond Fund

T. Rowe Price Global Stock Fund

T. Rowe Price International Bond Fund

T. Rowe Price International Discovery Fund

T. Rowe Price International Growth & Income Fund

T. Rowe Price International Stock Fund

T. Rowe Price Japan Fund

T. Rowe Price Latin America Fund

T. Rowe Price New Asia Fund

T. Rowe Price International Series, Inc., on behalf of

T. Rowe Price International Stock Portfolio

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust

European Discovery Trust

Foreign Discovery Trust

Foreign Discovery Trust - Augment

Foreign Discovery Trust - B

International Small-Cap Trust

Japan Discovery Trust

Latin America Discovery Trust

Pacific Discovery Trust

RPFI International Partners, L.P.

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price European Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price Global Bond Fund Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

T. Rowe Price Short-Term U.S. Government Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

European Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - Augment Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Latin America Discovery Trust Global Proxy Service Rider

Pacific Discovery Trust Global Proxy Service Rider

III. OTHER

RPFI International Partners, L.P. Global Proxy Service and Russian Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998 and

October 6, 1999 (the "Custody Agreement") by and between each of the Entities

listed in Schedule A, as amended thereto, severally and not jointly (each such

entity referred to hereinafter as the "Customer") and The Chase Manhattan Bank,

N.A., whose contracts have been assumed by THE CHASE MANHATTAN BANK (the "Bank")

is hereby further amended, as of February 9, 2000 (the "Amendment Agreement").

Terms defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Joseph M. Rondinelli

By: ____________________________________

Joseph M. Rondinelli

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Funds:

------------------------

Institutional Equity Funds, Inc., on behalf of:

Institutional Large-Cap Value Fund

Institutional Small-Cap Stock Fund

Add the following Funds to the Global Proxy Service Rider:

---------------------------------------------------------

Institutional Equity Funds, Inc., on behalf of

Institutional Large-Cap Value Fund

Institutional Small-Cap Stock Fund

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Value Fund Global Proxy Service Rider

Institutional Small-Cap Stock Fund Global Proxy Service Rider

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price European Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price Latin America Fund Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund Global Proxy Service and Russian Rider

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price Global Bond Fund Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

T. Rowe Price Short-Term U.S. Government Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

European Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - Augment Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Latin America Discovery Trust Global Proxy Service Rider

Pacific Discovery Trust Global Proxy Service Rider

III. OTHER

RPFI International Partners, L.P. Global Proxy Service and Russian Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998,

October 6, 1999 and February 9, 2000 (the "Custody Agreement") by and between

each of the Entities listed in Schedule A, as amended thereto, severally and not

jointly (each such entity referred to hereinafter as the "Customer") and The

Chase Manhattan Bank, N.A., whose contracts have been assumed by THE CHASE

MANHATTAN BANK (the "Bank") is hereby further amended, as of April 19, 2000 (the

"Amendment Agreement"). Terms defined in the Custody Agreement are used herein

as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Joseph M. Rondinelli

By: ____________________________________

Joseph M. Rondinelli

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Fund:

-----------------------

T. Rowe Price International Funds, Inc., on behalf of:

T. Rowe Price Emerging Europe & Mediterranean Fund

Add the following Fund to the Global Proxy Service and Russian Rider:

--------------------------------------------------------------------

T. Rowe Price International Funds, Inc., on behalf of:

T. Rowe Price Emerging Europe & Mediterranean Fund

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Value Fund Global Proxy Service Rider

Institutional Small-Cap Stock Fund Global Proxy Service Rider

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Europe &

Mediterranean Fund Global Proxy Service and Russian Rider

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price European Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price Global Bond Fund Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

T. Rowe Price Short-Term U.S. Government Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

European Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - Augment Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Latin America Discovery Trust Global Proxy Service Rider

Pacific Discovery Trust Global Proxy Service Rider

III. OTHER

RPFI International Partners, L.P. Global Proxy Service and Russian Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998,

October 6, 1999, February 9, 2000 and April 19, 2000 (the "Custody Agreement")

by and between each of the Entities listed in Schedule A, as amended thereto,

severally and not jointly (each such entity referred to hereinafter as the

"Customer") and The Chase Manhattan Bank, N.A., whose contracts have been

assumed by THE CHASE MANHATTAN BANK (the "Bank") is hereby further amended, as

of July 18, 2000 (the "Amendment Agreement"). Terms defined in the Custody

Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Joseph M. Rondinelli

By: ____________________________________

Joseph M. Rondinelli

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Funds:

------------------------

Equity Funds

------------

T. Rowe Price Developing Technologies Fund, Inc.

T. Rowe Price Global Technology Fund, Inc.

Income Fund

-----------

T. Rowe Price U.S. Bond Index Fund, Inc.

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

India Trust

Taiwan Trust

Add the following Funds to the Global Proxy Service Rider:

---------------------------------------------------------

Equity Funds

------------

T. Rowe Price Developing Technologies Fund, Inc.

T. Rowe Price Global Technology Fund, Inc.

Income Fund

-----------

T. Rowe Price U.S. Bond Index Fund, Inc.

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

India Trust

Taiwan Trust

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Developing Technologies Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Equity Income Portfolio Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Global Technology Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Value Fund Global Proxy Service Rider

Institutional Small-Cap Stock Fund Global Proxy Service Rider

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Europe &

Mediterranean Fund Global Proxy Service and Russian Rider

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price European Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Funds, Inc. on behalf of (continued):

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund Global Proxy Service and Russian Rider

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price Global Bond Fund Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

T. Rowe Price Short-Term U.S. Government Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Summit Funds, Inc. on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund Global Proxy Service Rider

T. Rowe Price U.S. Bond Index Fund, Inc. Global Proxy Service Rider

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

European Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - Augment Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

India Trust Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Latin America Discovery Trust Global Proxy Service Rider

Pacific Discovery Trust Global Proxy Service Rider

Taiwan Trust Global Proxy Service Rider

III. OTHER

RPFI International Partners, L.P. Global Proxy Service and Russian Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998,

October 6, 1999, February 9, 2000, April 19, 2000 and July 18, 2000 (the

"Custody Agreement") by and between each of the Entities listed in Schedule A,

as amended thereto, severally and not jointly (each such entity referred to

hereinafter as the "Customer") and The Chase Manhattan Bank, N.A., whose

contracts have been assumed by THE CHASE MANHATTAN BANK (the "Bank") is hereby

further amended, as of October 25, 2000 (the "Amendment Agreement"). Terms

defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Joseph M. Rondinelli

By: ____________________________________

Joseph M. Rondinelli

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Funds:

------------------------

Equity Funds

------------

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Blue Chip Growth Portfolio

T. Rowe Price Health Sciences Portfolio

T. Rowe Price International Index Fund, Inc. on behalf of:

T. Rowe Price International Equity Index Fund

Income Fund

-----------

T. Rowe Price Tax-Efficient Funds, Inc., on behalf of:

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

Delete the following Funds/Trusts:

---------------------------------

Income Funds:

-------------

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Global Bond Fund

T. Rowe Price Short-Term U.S. Government Fund, Inc.

T. Rowe Price Summit Funds, Inc., on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund

Common Trust Funds:

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

European Discovery Trust

Foreign Discovery Trust-Augment

Latin America Discovery Trust

Pacific Discovery Trust

Other:

-----

RPFI International Partners, L.P.

Add the following Funds to the Global Proxy Service Rider:

---------------------------------------------------------

Equity Funds

------------

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Blue Chip Growth Portfolio

T. Rowe Price Health Sciences Portfolio

Income Fund

-----------

T. Rowe Price Tax-Efficient Funds, Inc., on behalf of:

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

Delete the following Funds/Trusts from the Global Proxy Service Rider:

---------------------------------------------------------------------

Income Funds:

-------------

T. Rowe Price Short-Term U.S. Government Fund, Inc.

T. Rowe Price Summit Funds, Inc., on behalf of:

T. Rowe Price Summit Limited-Term Bond Fund

Common Trust Funds:

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

European Discovery Trust

Foreign Discovery Trust-Augment

Latin America Discovery Trust

Pacific Discovery Trust

Add the following Fund to the Global Proxy Service and Russian Rider

--------------------------------------------------------------------

Equity Fund

-----------

T. Rowe Price International Index Fund, Inc. on behalf of:

T. Rowe Price International Equity Index Fund

Delete the following Fund/Other from the Global Proxy Service and Russian Rider:

--------------------------------------------------------------------------------

Income Funds:

------------

T. Rowe Price International Funds, Inc., on behalf of:

T. Rowe Price Global Bond Fund

Other:

-----

RPFI International Partners, L.P.

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Developing Technologies Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Blue Chip Growth Portfolio Global Proxy Service Rider

T. Rowe Price Equity Income Portfolio Global Proxy Service Rider

T. Rowe Price Health Sciences Portfolio Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Global Technology Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Value Fund Global Proxy Service Rider

Institutional Small-Cap Stock Fund Global Proxy Service Rider

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Europe &

Mediterranean Fund Global Proxy Service and Russian Rider

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Funds, Inc. on behalf of (continued):

T. Rowe Price European Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund Global Proxy Service and Russian Rider

T. Rowe Price International Index Fund, Inc. on behalf of:

T. Rowe Price International Equity Index Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

Global Proxy Service Rider

T. Rowe Price U.S. Bond Index Fund, Inc. Global Proxy Service Rider

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

India Trust Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Taiwan Trust Global Proxy Service Rider

AMENDMENT, dated April 25, 2001 to the January 3, 1994 custody agreement

("Agreement"), between each of the T. Rowe Price Funds, severally and not

jointly, set forth on Appendix 2 ("Customer"), having a place of business at 100

East Pratt Street, Baltimore, Maryland 21202, and The Chase Manhattan Bank

("Bank"), having a place of business at 270 Park Ave., New York, N.Y.

10017-2070.

It is hereby agreed as follows:

Section 1. Except as modified hereby, the Agreement is confirmed in all

respects. Capitalized terms used herein without definition shall have the

meanings ascribed to them in the Agreement.

Section 2. The Agreement is amended by deleting the investment company

rider thereto and inserting, in lieu thereof, the following investment company

rider:

1. "Add new Section 15 to the Agreement as follows:

15. Compliance with Securities and Exchange Commission rule 17f-5 ("rule

17f-5").

(a) Customer's board of directors (or equivalent body) (hereinafter

"Board") hereby delegates to Bank, and Bank hereby accepts the delegation to it

of, the obligations set forth in rule SEC rule 17f-5(c)(1)-(3) to perform as

Customer's "Foreign Custody Manager" (as that term is defined in rule

17f-5(a)(3)), including for the purposes of (i) selecting Eligible Foreign

Custodians (as that term is defined in rule 17f-5(a)(1), as the same may be

amended from time to time, or are otherwise deemed an Eligible Foreign Custodian

pursuant to an SEC exemptive order, rule other appropriate SEC action) to hold

Customer's Foreign Assets, (ii) evaluating the contractual arrangements with

such Eligible Foreign Custodians (as set forth in rule 17f-5(c)(2)); and (iii)

monitoring such foreign custody arrangements (as set forth in rule 17f-5(c)(3)).

(b) In connection with the foregoing, Bank shall:

(i) provide written reports notifying Customer's Board of the placement and

withdrawal of Foreign Assets with particular Eligible Foreign Custodians and of

any material change in the arrangements with such Eligible Foreign Custodians,

with such reports to be provided to Customer's Board at such times as the Board

deems reasonable and appropriate based on the circumstances of Customer's

foreign custody arrangements but until further notice from Customer requesting a

different schedule, such

reports shall be provided not less than quarterly in summary form, with a more

detailed report annually.

(ii) exercise such reasonable care, prudence and diligence in performing as

Customer's Foreign Custody Manager as a person having responsibility for the

safekeeping of Foreign Assets would exercise;

(iii) in selecting each Eligible Foreign Custodian, determine that Foreign

Assets placed and maintained in the safekeeping of such Eligible Foreign

Custodian shall be subject to reasonable care, based on the standards applicable

to custodians in the relevant market, after having considered all factors

relevant to the safekeeping of such Foreign Assets, including, without

limitation, those factors set forth in rule 17f-5(c)(1)(i)-(iv);

(iv) determine that the written contract with the Eligible Foreign Custodian

will (a) satisfy the requirements of rule 17f-5(c)(2), and (b) provide

reasonable care for Foreign Assets based on the standards specified in

17-5(c)(1); and

(v) establish a system to monitor (i) the continued appropriateness of

maintaining Foreign Assets with particular Eligible Foreign Custodians and (ii)

the performance of the contract governing the custody arrangements; it being

understood, however, that in the event that Bank shall have determined that an

existing Eligible Foreign Custodian in a given country would no longer meet the

requirements of rule 17f-5(c), Bank shall determine whether any other Eligible

Foreign Custodian in that country would meet such requirements. In the event

that another Eligible Foreign Custodian does so meet the requirements, Bank

shall withdraw the Foreign Assets from the custody of the incumbent Eligible

Foreign Custodian and deposit them with the other Eligible Foreign Custodian as

soon as reasonably practicable, and promptly advise Customer of such withdrawal

and deposit. If Bank shall determine that no other Eligible Foreign Custodian

in that country would meet the requirements of rule 17f-5(c), Bank shall so

advise Customer and shall then act in accordance with the Instructions of

Customer with respect to the disposition of the affected Foreign Assets.

Subject to (b)(i)-(v) above, Bank is hereby authorized to place and maintain

Foreign Assets on behalf of Customer with Eligible Foreign Custodians pursuant

to a written contract deemed appropriate by Bank.

shall be solely responsible to assure that the maintenance of Foreign Assets

hereunder complies with the rules,

regulations, interpretations and exemptive orders promulgated by or under the

authority of the SEC.

(d) Bank represents to Customer that it is a U.S. Bank as defined in rule

17f-5(a)(7). Customer represents to Bank that: (1) the Assets being placed and

maintained in Bank's custody are subject to the Investment Company Act of 1940,

as amended (the "1940 Act") as the same may be amended from time to time; (2)

its Board (or other governing body) has determined that it is reasonable to rely

on Bank to perform as Customer's Foreign Custody Manager; and (3) its Board (or

other governing body) or its investment adviser shall have determined that

Customer may maintain Foreign Assets in each country in which Customer's Foreign

Assets shall be held hereunder and determined to accept the risks arising

therefrom (including, but not limited to, a country's financial infrastructure,

prevailing custody and settlement practices, laws applicable to the safekeeping

and recovery of Foreign Assets held in custody, and the likelihood of

nationalization, currency controls and the like) (collectively ("Country

Risk")). Nothing contained herein shall require Bank to make any selection on

behalf of Customer that would entail consideration of Country Risk and, except

as may be provided in (e) below, to engage in any monitoring of Country Risk.

(e) Bank shall provide to Customer such information relating to Country

Risk as is specified in Appendix 1-A hereto. Customer hereby acknowledges that:

(i) such information is solely designed to inform Customer of market conditions

and procedures and is not intended as a recommendation to invest or not invest

in particular markets; and (ii) Bank has gathered the information from sources

it considers reliable, but that Bank shall have no responsibility for

inaccuracies or incomplete information.

2. Add the following after the first sentence of Section 3 of the

Agreement:

At the request of Customer, Bank may, but need not, add to Schedule A an

Eligible Foreign Custodian where Bank has not acted as Foreign Custody Manager

with respect to the selection thereof. Bank shall notify Customer in the event

that it elects to add any such entity.

3. Add the following language to the end of Section 3 of the Agreement:

The term Subcustodian as used herein shall mean the following:

(a) a U.S. bank as defined in rule 17f-5(a)(7); and

(b) an "Eligible Foreign Custodian," which, as defined in rule 17f-5(a)(1)

and (5), shall mean (i) a banking institution or trust company, incorporated or

organized under the laws of a country other than the United States, that is

regulated as such by that country's government or an agency thereof, and (ii) a

majority-owned direct or indirect subsidiary of a U.S. Bank or bank holding

company which subsidiary is incorporated or organized under the laws of a

country other than the United States. In addition, an Eligible Foreign

Custodian shall also mean any other entity that shall have been so qualified by

exemptive order, rule or other appropriate action of the SEC.

the term Subcustodian shall not include any Eligible Foreign Custodian as to

which Bank has not acted as Foreign Custody Manager or, for purposes of clarity,

any securities depository."

4. Add the following language to the end of the first sentence of Section

4(d) of the Agreement: "or, in the case of cash deposits, except for liens or

rights in favor of creditors of the Subcustodian arising under bankruptcy,

insolvency or similar laws."

5. Add a new Section 16 to the Agreement as follows:

16. Compliance with Securities and Exchange Commission rule 17f-7 ("rule

17f-7").

(a) Bank shall, for consideration by Customer or Customer's investment

adviser, provide an analysis in accordance with rule 17f-7(a)(1)(i)(A) of the

custody risks associated with maintaining Customer's Foreign Assets with each

Eligible Securities Depository used by Bank as of the date hereof (or, in the

case of an Eligible Securities Depository not used by Bank as of the date

hereof, prior to the initial placement of Customer's Foreign Assets at such

Depository) and at which any Foreign Assets of Customer are held or are expected

to be held. The foregoing analysis will be provided to Customer at Bank's

Website. In connection with the foregoing, Customer shall notify Bank of any

Eligible Securities Depositories at which it does not choose to have its Foreign

Assets held. Bank shall monitor the custody risks associated with maintaining

Customer's Foreign Assets at each such Eligible Securities Depository on a

continuing basis and shall promptly notify (which may be electronic) Customer or

its adviser of any material changes in such risks in accordance with rule

17f-7(a)(1)(i)(B).

(b) Bank shall exercise reasonable care, prudence and diligence in

performing the requirements set forth in Section 16(a) above. The risk analysis

of an Eligible Securities Depository provided under paragraph 16(a) shall take

account of the specific rules of a given depository and shall, to the extent

reasonably practicable, generally consider: (1) the Depository's expertise and

market reputation; (2) the quality of the Depository's services; (3) the

Depository's financial strength; (4) any insurance or indemnification

arrangements; (5) the extent and quality of regulation and independent

examination of the Depository; (6) the Depository's standing in published

ratings; (7) the Depository's internal controls and other procedures for

safeguarding assets; and (8) any related legal protections.

Bank shall determine the eligibility under rule 17f-7 of each depository before

including it on Appendix 1-B hereto and shall promptly advise Customer if any

Eligible Securities Depository ceases to be eligible. (Eligible Securities

Depositories used by Bank as of the date hereof are set forth in Appendix 1-B

hereto, and as the same may be amended on notice to Customer from time to time.)

(d) Bank need not commence performing any of the duties set forth in this

Section 16 prior to March 31, 2001, but Bank shall advise Customer if it is

prepared to commence such duties prior to such date as to particular

depositories.

7. Add the following language to the end of Section 3 of the Agreement:

The term "securities depository" as used herein when referring to a

securities depository located outside the U.S. shall mean an "Eligible

Securities Depository" which, in turn, shall have the same meaning as in rule

17f-7(b)(1)(i)-(vi) as the same may be amended from time to time, or that has

otherwise been made exempt by an SEC exemptive order, rule or other appropriate

SEC action, except that prior to the compliance date with rule 17f-7 for a

particular securities depository the term "securities depositories" shall be as

defined in (a)(1)(ii)-(iii) of the 1997 amendments to rule 17f-5. The term

"securities depository" as used herein when referring to a securities depository

located in the U.S. shall mean a "securities depository" as defined in SEC rule

17f-4(a).

*********************

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date

first above written.

[Each of the THE CHASE MANHATTAN BANK

T. Rowe Price Funds,

severally and not jointly,

set forth on Appendix 2 [Customer]

/s/Henry H. Hopkins /s/Paul D. Hopkins

By:________________________ By:_____________________

Name: Henry H. Hopkins Name: Paul D. Hopkins

Title:Vice President Title: Vice President

Date: 4/26/01 Date: 5/15/01

Appendix 1-A

Information Regarding Country Risk

1. To aid Customer in its determinations regarding Country Risk, Bank

shall furnish annually and upon the initial placing of Foreign Assets into a

country the following information (check items applicable):

A Opinions of local counsel concerning:

___ i.

Whether applicable foreign law would restrict the access afforded Customer's

independent public accountants to books and records kept by an Eligible Foreign

Custodian located in that country.

___ ii.

Whether applicable foreign law would restrict the Customer's ability to recover

its assets in the event of the bankruptcy of an Eligible Foreign Custodian

located in that country.

___ iii.

Whether applicable foreign law would restrict the Customer's ability to recover

assets that are lost while under the control of an Eligible Foreign Custodian

located in the country.

B. Written information concerning:

___ i.

The likelihood of expropriation, nationalization, freezes, or confiscation of

Customer's assets.

___ ii.

Whether difficulties in converting Customer's cash and cash equivalents to U.S.

dollars are reasonably foreseeable.

C. A market report with respect to the following topics:

(i) securities regulatory environment, (ii) foreign ownership restrictions,

(iii) foreign exchange, (iv) securities settlement and registration, (v)

taxation, (vi) market settlement risk, (vii) Eligible Securities Depositories

(including Depository evaluation), if any.

2. Bank shall furnish the following additional information:

Market flashes, including with respect to changes in the information in

market reports.

Appendix 1-B

ELIGIBLE SECURITIES DEPOSITORIES

APPENDIX 2

T. ROWE PRICE INVESTMENT COMPANIES

T. Rowe Price Balanced Fund, Inc.

T. Rowe Price Blue Chip Growth Fund, Inc.

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Capital Opportunity Fund, Inc.

T. Rowe Price Developing Technologies Fund, Inc.

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

T. Rowe Price Dividend Growth Fund, Inc.

T. Rowe Price Equity Income Fund

T. Rowe Price Equity Series, Inc.

T. Rowe Price Equity Income Portfolio

T. Rowe Price Mid-Cap Growth Portfolio

T. Rowe Price New America Growth Portfolio

T. Rowe Price Personal Strategy Balanced Portfolio

T. Rowe Price Blue Chip Growth Portfolio

T. Rowe Price Health Sciences Portfolio

T. Rowe Price Financial Services Fund, Inc.

T. Rowe Price Global Technology Fund, Inc.

T. Rowe Price Growth & Income Fund, Inc.

T. Rowe Price Growth Stock Fund, Inc.

T. Rowe Price Health Sciences Fund, Inc.

Institutional International Funds, Inc.

Foreign Equity Fund

T. Rowe Price International Funds, Inc.

T. Rowe Price International Discovery Fund

T. Rowe Price International Stock Fund

T. Rowe Price European Stock Fund

T. Rowe Price New Asia Fund

T. Rowe Price Japan Fund

T. Rowe Price Latin America Fund

T. Rowe Price Emerging Markets Stock Fund

T. Rowe Price Global Stock Fund

T. Rowe Price International Growth & Income Fund

T. Rowe Price Emerging Europe & Mediterranean Fund

T. Rowe Price International Bond Fund

T. Rowe Price Emerging Markets Bond Fund

T. Rowe Price International Index Fund, Inc.

T. Rowe Price International Equity Index Fund

T. Rowe Price International Series, Inc.

T. Rowe Price International Stock Portfolio

T. Rowe Price Mid-Cap Growth Fund, Inc.

T. Rowe Price Mid-Cap Value Fund, Inc.

T. Rowe Price New America Growth Fund

T. Rowe Price New Era Fund, Inc.

T. Rowe Price New Horizons Fund, Inc.

T. Rowe Price Real Estate Fund, Inc.

T. Rowe Price Small-Cap Stock Fund, Inc.

T. Rowe Price Science & Technology Fund, Inc.

T. Rowe Price Small-Cap Value Fund, Inc.

T. Rowe Price Value Fund, Inc.

T. Rowe Price Media & Telecommunications Fund, Inc.

T. Rowe Price Corporate Income Fund, Inc.

T. Rowe Price Fixed Income Series, Inc.

T. Rowe Price Limited-Term Bond Portfolio

T. Rowe Price High Yield Fund, Inc.

T. Rowe Price New Income Fund, Inc.

T. Rowe Price Personal Strategy Funds, Inc.

T. Rowe Price Personal Strategy Balanced Fund

T. Rowe Price Personal Strategy Growth Fund

T. Rowe Price Personal Strategy Income Fund

T. Rowe Price Short-Term Bond Fund, Inc.

T. Rowe Price Tax-Efficient Funds, Inc.

T. Rowe Price Tax-Efficient Balanced Fund

T. Rowe Price Tax-Efficient Growth Fund

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

T. Rowe Price U.S. Bond Index Fund, Inc.

Institutional Equity Funds, Inc. on behalf of:

Institutional Mid-Cap Equity Growth Fund

Institutional Large-Cap Value Fund

Institutional Small-Cap Stock Fund

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998,

October 6, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25,

2000, and April 25, 2001 (the "Custody Agreement") by and between each of the

Entities listed in Schedule A, as amended thereto, severally and not jointly

(each such entity referred to hereinafter as the "Customer") and The Chase

Manhattan Bank, N.A., whose contracts have been assumed by THE CHASE MANHATTAN

BANK (the "Bank") is hereby further amended, as of July 24, 2001 (the "Amendment

Agreement"). Terms defined in the Custody Agreement are used herein as therein

defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

THE CHASE MANHATTAN BANK

/s/Paul D. Hopkins

By: ____________________________________

Paul D. Hopkins

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Funds:

------------------------

Equity Funds

------------

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Growth Fund

Add the following Funds to the Global Proxy Service Rider:

---------------------------------------------------------

Equity Funds

------------

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Growth Fund

Add the following Fund to the Global Proxy Service and Russian Rider

--------------------------------------------------------------------

Equity Fund

-----------

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Growth Fund

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994, AS AMENDED

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc. Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Developing Technologies Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Equity Income Fund Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Blue Chip Growth Portfolio Global Proxy Service Rider

T. Rowe Price Equity Income Portfolio Global Proxy Service Rider

T. Rowe Price Health Sciences Portfolio Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc. Global Proxy Service Rider

T. Rowe Price Global Technology Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc. Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Growth Fund Global Proxy Service Rider

Institutional Large-Cap Value Fund Global Proxy Service Rider

Institutional Small-Cap Stock Fund Global Proxy Service Rider

Institutional Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Europe &

Mediterranean Fund Global Proxy Service and Russian Rider

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Funds, Inc. on behalf of (continued):

T. Rowe Price European Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund Global Proxy Service and Russian Rider

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund Global Proxy Service and Russian Rider

T. Rowe Price International Index Fund, Inc. on behalf of:

T. Rowe Price International Equity Index Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc. Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price New America Growth Fund Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc. Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc. Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc. Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc. Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc. Global Proxy Service Rider

T. Rowe Price Value Fund, Inc. Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc. Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc. Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc. Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund Global Proxy Service Rider

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

Global Proxy Service Rider

T. Rowe Price U.S. Bond Index Fund, Inc. Global Proxy Service Rider

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II. ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

India Trust Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Taiwan Trust Global Proxy Service Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998,

October 6, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25,

2000 and July 24, 2001 (the "Custody Agreement") by and between each of the

Entities listed in Schedule A, as amended thereto, severally and not jointly

(each such entity referred to hereinafter as the "Customer") and JPMorgan Chase

Bank, whose contracts have been assumed by JPMORGAN CHASE BANK (the "Bank") is

hereby further amended, as of April 24, 2002 (the "Amendment Agreement"). Terms

defined in the Custody Agreement are used herein as therein defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian and

the Bank wishes to accept such appointment pursuant to the terms of the Custody

Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as of

the day and year first above written.

JPMORGAN CHASE BANK

/s/Helen Bairsto

By: ____________________________________

Helen Bairsto

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Fund:

-----------------------

Income Funds

------------

T. Rowe Price Institutional Income Funds, Inc. on behalf of:

T. Rowe Price Institutional High Yield Fund

Add the following Fund to the Global Proxy Service Rider:

--------------------------------------------------------

Income Funds

------------

T. Rowe Price Institutional Income Funds, Inc. on behalf of:

T. Rowe Price Institutional High Yield Fund

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS

The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT

all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund

Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Developing Technologies Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Equity Income Fund

Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Blue Chip Growth Portfolio

Global Proxy Service Rider

T. Rowe Price Equity Income Portfolio

Global Proxy Service Rider

T. Rowe Price Health Sciences Portfolio

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio

Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio

Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Global Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc.

Global Proxy Service Rider

Institutional Equity Funds, Inc. on behalf of:

Institutional Large-Cap Growth Fund

Global Proxy Service Rider

Institutional Large-Cap Value Fund

Global Proxy Service Rider

Institutional Small-Cap Stock Fund

Global Proxy Service Rider

Mid-Cap Equity Growth Fund Global Proxy Service Rider

Institutional International Funds, Inc. on behalf of:

Foreign Equity Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Europe &

Mediterranean Fund

Global Proxy Service and Russian Rider

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price European Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Funds, Inc. on behalf of (continued):

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund

Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Index Fund, Inc. on behalf of:

T. Rowe Price International Equity Index Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc.

Global Proxy Service Rider

T. Rowe Price New America Growth Fund

Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc.

Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Value Fund, Inc.

Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc.

Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio

Global Proxy Service Rider

T. Rowe Price Institutional Income Funds, Inc., on behalf of:

T. Rowe Price Institutional High Yield Fund

Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund

Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund

Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund

Global Proxy Service Rider

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

Global Proxy Service Rider

T. Rowe Price U.S. Bond Index Fund, Inc.

Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II.ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

India Trust Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Taiwan Trust Global Proxy Service Rider

AMENDMENT AGREEMENT

The Global Custody Agreement of January 3, 1994, as amended April 18, 1994,

August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31,

1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998,

October 6, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25,

2000, July 24, 2001 and April 24, 2002 (the "Custody Agreement") by and between

each of the Entities listed in Schedule A, as amended thereto, severally and not

jointly (each such entity referred to hereinafter as the "Customer") and

JPMorgan Chase Bank, whose contracts have been assumed by JPMORGAN CHASE BANK

(the "Bank") is hereby further amended, as of July 24, 2002 (the "Amendment

Agreement"). Terms defined in the Custody Agreement are used herein as therein

defined.

WITNESSETH:

WHEREAS, the Customer wishes to appoint the Bank as its global custodian

and the Bank wishes to accept such appointment pursuant to the terms of the

Custody Agreement;

NOW, THEREFORE, the parties hereto agree as follows:

1.Amendment. Sections I, II and III of Schedule A of the Custody Agreement

----------

("Schedule A") shall be amended to add or change certain Customers as specified

in Attachment A hereto. The revised Schedule A incorporating these changes in

the form attached shall supersede the existing Schedule A in its entirety.

Agreement. The Customer and Bank agree to be bound in all respects by all the

----------

terms and conditions of the Custody Agreement and shall be fully liable and

responsible thereunder as a "Customer" and "Bank," respectively, as defined in

the Custody Agreement.

Confirmation of Agreement. Except as amended hereby, the Custody Agreement is

------------ -- ---------

in full force and effect and as so amended is hereby ratified, approved and

confirmed by the Customer and the Bank in all respects.

Governing Law: This Amendment Agreement shall be construed in accordance with

--------- ----

and governed by the law of the State of New York without regard to its conflict

of law principles.

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as

of the day and year first above written.

JPMORGAN CHASE BANK

/s/Helen Bairsto

By: ____________________________________

Helen Bairsto

Vice President

EACH OF THE CUSTOMERS LISTED IN

ATTACHMENT A HERETO, SEVERALLY

AND NOT JOINTLY

/s/Henry H. Hopkins

By: ____________________________________

Henry H. Hopkins

Vice President

ATTACHMENT A

PAGE 1 OF 1

LIST OF CUSTOMERS

Add the following Funds:

------------------------

Equity Funds

------------

T. Rowe Price Institutional International Funds, Inc., on behalf of:

T. Rowe Price Institutional Emerging Markets Equity Fund

Income Funds

------------

T. Rowe Price Inflation Protected Bond Fund, Inc.

Add the following Fund to the Global Proxy Service Rider:

--------------------------------------------------------

Income Funds

------------

T. Rowe Price Inflation Protected Bond Fund, Inc.

Add the following Fund to the Global Proxy Service and Russian Rider

--------------------------------------------------------------------

Equity Funds

------------

T. Rowe Price Institutional International Funds, Inc., on behalf of:

T. Rowe Price Institutional Emerging Markets Equity Fund

SCHEDULE A

PAGE 1 OF 3

LIST OF CUSTOMERS, SEVERALLY AND NOT JOINTLY PARTIES TO

GLOBAL CUSTODY AGREEMENT WITH

THE CHASE MANHATTAN BANK

DATED JANUARY 3, 1994

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

I. INVESTMENT COMPANIES/PORTFOLIOS

The Mutual Fund Rider is applicable to

REGISTERED UNDER THE INVESTMENT

all Customers listed under Section I of

COMPANY ACT OF 1940 this Schedule A.

Equity Funds

------------

T. Rowe Price Balanced Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Blue Chip Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Capital Appreciation Fund

Global Proxy Service Rider

T. Rowe Price Capital Opportunity Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Developing Technologies Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Diversified Small-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Dividend Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Equity Income Fund

Global Proxy Service Rider

T. Rowe Price Equity Series, Inc. on behalf of:

T. Rowe Price Blue Chip Growth Portfolio

Global Proxy Service Rider

T. Rowe Price Equity Income Portfolio

Global Proxy Service Rider

T. Rowe Price Health Sciences Portfolio

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Portfolio

Global Proxy Service Rider

T. Rowe Price New America Growth Portfolio

Global Proxy Service Rider

T. Rowe Price Personal Strategy Balanced Portfolio

Global Proxy Service Rider

T. Rowe Price Financial Services Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Global Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Growth & Income Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Growth Stock Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Health Sciences Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Institutional Equity Funds, Inc. on behalf of:

T. Rowe Price Institutional Large-Cap Growth Fund

Global Proxy Service Rider

T. Rowe Price Institutional Large-Cap Value Fund

Global Proxy Service Rider

T. Rowe Price Institutional Small-Cap Stock Fund

Global Proxy Service Rider

T. Rowe Price Mid-Cap Equity Growth Fund

Global Proxy Service Rider

T. Rowe Price Institutional International Funds, Inc. on behalf of:

T. Rowe Price Institutional Emerging Markets Fund

Global Proxy Service and Russian Rider

T. Rowe Price Institutional Foreign Equity Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Europe &

Mediterranean Fund

Global Proxy Service and Russian Rider

T. Rowe Price Emerging Markets Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price European Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Global Stock Fund

Global Proxy Service and Russian Rider

SCHEDULE A

PAGE 2 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

T. Rowe Price International Funds, Inc. on behalf of (continued):

T. Rowe Price International Discovery Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Growth & Income Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Stock Fund

Global Proxy Service and Russian Rider

T. Rowe Price Japan Fund

Global Proxy Service and Russian Rider

T. Rowe Price Latin America Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Asia Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Index Fund, Inc. on behalf of:

T. Rowe Price International Equity Index Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Series, Inc. on behalf of:

T. Rowe Price International Stock Portfolio

Global Proxy Service and Russian Rider

T. Rowe Price Media & Telecommunications Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Growth Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Mid-Cap Value Fund, Inc.

Global Proxy Service Rider

T. Rowe Price New America Growth Fund

Global Proxy Service Rider

T. Rowe Price New Era Fund, Inc.

Global Proxy Service Rider

T. Rowe Price New Horizons Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Real Estate Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Science & Technology Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Stock Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Small-Cap Value Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Value Fund, Inc.

Global Proxy Service Rider

Income Funds

------------

T. Rowe Price Corporate Income Fund, Inc.

Global Proxy Service Rider

T. Rowe Price High Yield Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Income Series, Inc. on behalf of:

T. Rowe Price Limited-Term Bond Portfolio

Global Proxy Service Rider

T. Rowe Price Inflation Protected Bond Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Institutional Income Funds, Inc., on behalf of:

T. Rowe Price Institutional High Yield Fund

Global Proxy Service Rider

T. Rowe Price International Funds, Inc. on behalf of:

T. Rowe Price Emerging Markets Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price International Bond Fund

Global Proxy Service and Russian Rider

T. Rowe Price New Income Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Personal Strategy Funds, Inc. on behalf of:

T. Rowe Price Personal Strategy Balanced Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Growth Fund

Global Proxy Service Rider

T. Rowe Price Personal Strategy Income Fund

Global Proxy Service Rider

T. Rowe Price Short-Term Bond Fund, Inc.

Global Proxy Service Rider

T. Rowe Price Tax-Efficient Funds, Inc. on behalf of:

T. Rowe Price Tax-Efficient Balanced Fund

Global Proxy Service Rider

T. Rowe Price Tax-Efficient Growth Fund

Global Proxy Service Rider

T. Rowe Price Tax-Efficient Multi-Cap Growth Fund

Global Proxy Service Rider

T. Rowe Price U.S. Bond Index Fund, Inc.

Global Proxy Service Rider

SCHEDULE A

PAGE 3 OF 3

APPLICABLE RIDERS TO

CUSTOMER GLOBAL CUSTODY AGREEMENT

II.ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all

Customers under Section II of this

Schedule A.

T. Rowe Price Trust Company, as Trustee for the

Johnson Matthey Salaried Employee Savings Plan

Common Trust Funds

------------------

T. Rowe Price Trust Company, as Trustee for the International

Common Trust Fund on behalf of the Underlying Trusts:

Emerging Markets Equity Trust Global Proxy Service Rider

Foreign Discovery Trust Global Proxy Service Rider

Foreign Discovery Trust - B Global Proxy Service Rider

India Trust Global Proxy Service Rider

International Small-Cap Trust Global Proxy Service Rider

Japan Discovery Trust Global Proxy Service Rider

Taiwan Trust Global Proxy Service Rider

Document Metadata

Table of Contents

GLOBAL CUSTODY AGREEMENT This AGREEMENT is effective January 3, 1994, and is between THE CHASE MANHATTAN BANK, N.A. (the "Bank") and EACH OF THE ENTITIES LISTED ON SCHEDULE A HERETO, Individually and Separately (each individually, the "Customer").

Document Metadata