Exhibit 8(c)
THE BENCHMARK FUNDS
ADDENDUM NO. 3 TO THE CUSTODIAN AGREEMENT
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This Addendum, dated as of the 8th day of October, 1996, is entered into
between THE BENCHMARK FUNDS (the "Trust"), a Massachusetts business trust, and
THE NORTHERN TRUST COMPANY, an Illinois state bank ("Northern").
WHEREAS, the Trust and Northern are parties to a Custodian Agreement dated
as of January 8, 1993, and thereafter amended (the "Custodian Agreement"),
pursuant to which the Trust has appointed Northern to act as custodian to the
Trust for the Government Select, Government, Diversified Assets, Tax-Exempt,
Short-Duration, U.S. Government Securities, Short-Intermediate Bond, U.S.
Treasury Index, Bond, Balanced, Equity Index, Diversified Growth, Focused Growth
and Small Company Index Portfolios (collectively, the "Portfolios"); and
WHEREAS, the Trust and Northern wish to clarify their agreement with
respect to the custody of foreign securities held by the Portfolios.
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Custody of Foreign Securities. "Foreign securities", as defined in
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paragraph (c)(1) of Rule 17f-5 under the Investment Company Act of
1940, owned by the Portfolios shall be held by Northern, or by an
agent or sub-custodian, in accordance with the provisions of the
Foreign Custody Agreement dated March 1, 1994 between the Trust and
Northern, and the provisions of said Foreign Custody Agreement shall
apply to the custody of said foreign securities; except that the Trust
shall pay the fees and expenses set forth in Exhibit A to the
Custodian Agreement with respect to said foreign securities.
2. Miscellaneous. Except to the extent supplemented hereby, the
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Custodian Agreement shall remain unchanged and in full force and
effect, and is hereby ratified and confirmed in all respects as
supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the
date and year first above written.
THE BENCHMARK FUNDS
Attest: /s/ Xxxxx Xxxxx By: /s/ Xxxxx X. Xxxxxx
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Name:
Title:
THE NORTHERN TRUST COMPANY
Attest: /s/ Xxxxxxxx Xxxxxx By: /s/ Xxxxx X. Xxxxxx
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Name:
Title:
