SECOND AMENDMENT TO CUSTODIAL CONTRACT
BETWEEN
MIMLIC SERIES FUND, INCORPORATED - INTERNATIONAL STOCK PORTFOLIO
AND
NORWEST BANK MINNESOTA, N.A.
This Amendment made in duplicate this 31st day of January, 1998, by and between
MIMLIC Series Fund, Inc. - International Stock Portfolio, a Minnesota
corporation (hereinafter called the "Fund") and Norwest Bank Minnesota, N.A., a
National Banking Association, having its principal place of business at Sixth
and Marquette, Xxxxxxxxxxx, Xxxxxxxxx, 00000 (hereinafter called the
"Custodian").
WITNESSETH,
WHEREAS, The Fund and the Custodian have an existing Custodial Contract
effective as of the 27th day of April, 1992, and
WHEREAS, The Custodial Contract, in Section 9 thereof, allows the Amendment of
its provisions by mutual agreement between the Fund and the Custodian, and
WHEREAS, The MIMLIC Series Fund, Inc. has changed its name to the 'Advantus
Series Fund, Inc.'; and
WHEREAS, The Fund desires to add another Series Fund Portfolio to this Custodial
Contract;
NOW THEREFORE, In consideration of the mutual covenants and agreements
hereinafter contained, the Fund and the Custodian hereby agree to the Amendment
of the Custodial Contract as described below, such Amendments to be effective on
the 31st day of January, 1998.
I.
The Caption of this Contract shall be amended to read:
"CUSTODIAL CONTRACT
BETWEEN
ADVANTUS SERIES FUND, INC.
AND
NORWEST BANK MINNESOTA, N.A."
II.
The introductory paragraph to this Custodial Contract shall be amended to read
as follows:
This Contract is between the Portfolios of the Advantus Series Fund, Inc., as
set forth in the attached Schedule B, an investment company of the series type
consisting of several portfolios, and a corporation organized and existing under
the laws of the State of Minnesota, having its principal place of business at
000 Xxxxxx Xxxxxx Xxxxx, Xx. Xxxx, Xxxxxxxxx 00000, attached hereto (hereinafter
called the "Fund") and Norwest Bank Minnesota, N.A., a National Banking
Association, having its principal place of business at Sixth and Marquette,
Xxxxxxxxxxx, Xxxxxxxxx, 00000 (hereinafter called the "Custodian").
IN WITNESS WHEREOF, each of the parties has caused this instrument to be
executed in its name and behalf by its duly authorized officers as of the day
and year first above written.
ADVANTUS SERIES FUND, INC.
By
-----------------------------------
Attest
By
-----------------------------------
NORWEST BANK MINNESOTA, N.A.
By
-----------------------------------
Attest
By
-----------------------------------
SCHEDULE B
TO THE
CUSTODIAL CONTRACT
BETWEEN
ADVANTUS SERIES FUND, INC.
AND NORWEST BANK MINNESOTA, N.A.
The following Portfolios of the Advantus Series Fund, Inc. shall be included
within the terms of this Agreement and each shall hereinafter be referred to in
this Agreement as the 'Fund':
International Stock Portfolio
Money Market Portfolio
FEE SCHEDULE
(AS AMENDED EFFECTIVE JANUARY 31, 1998)
MINNESOTA MUTUAL
FEE SCHEDULE FOR GLOBAL CUSTODY & INTERNATIONAL MUTUAL FUND ACCOUNTING
MARCH 10, 1992
DISCOUNT
--------
ORIGINAL YEAR YEAR YEAR
FEE 1 2 3
-----------------------------------------------------------
Monthly Account Charge $3,600.00 $1,700.00 $2,375.00 $2,725.00
Monthly Safekeeping Charge Per Issue $5.50 $5.25 $5.25 $5.25
ANNUAL ASSET VALUE CHARGES: (In Basis Points)
Charge for the first $10,000,000.00 25 18.5 24 24
Charge for the next $20,000,000.00 20 16 20 20
Charge for the remaining Value 15 12 15 15
All Transactions other than Global Buys/Sells: $15.00 $15.00 $15.00 $15.00
Global Transactions: GLOBAL TRANSACTIONS REMAIN THE SAME
BY COUNTRY GROUP
TIER I EQUITIES FIXED INCOME CEDEL/EUROCLEAR
$47 $100 $47
Austria
Belgium
Denmark
Finland
Germany
Japan
Norway
Switzerland
TIER II EQUITIES FIXED INCOME CEDEL/EUROCLEAR
$100 $100 $47
Australia
Canada
ECU
France
Hong Kong
Indonesia
Ireland
Italy
Malaysia
Mexico
Netherlands
New Zealand
Philippines
Singapore
Spain
Thailand
United Kingdom
FEE SCHEDULE (CONTINUED)
BY COUNTRY GROUP
TIER III EQUITIES FIXED INCOME CEDEL/EUROCLEAR
Greece $135 $135 $47
Brazil $200 $200 $47
Venezuela $200 $200 $47
Korea $270 $270 $47
Turkey $270 $270 $47
Portugal $400 $400 $47
OUT-OF-POCKET EXPENSES
The above schedule does not include out-of-pocket expenses that would be
incurred on the Fund's behalf. Examples of out-of-pocket expenses include:
special pricing projects, forms, postage, mailing services, magnetic tapes,
microfilm/microfiche, etc.
ON-SITE TERMINAL INSTALLATION
Charges associated with terminal set-up at Minnesota Mutual would be:
Communication Line: $125 per Month - Unlimited access to the system
Equipment Costs*: $125 per Month - Includes Purchase of Terminal and
Controller
DEPRECIATED OVER THREE YEARS
---------------------------------
Total Cost: $250.00 per Month
* Minnesota Mutual may elect to purchase the equipment at about $4,000.00
outright instead of paying a monthly charge. Equipment requirements and
specifications can be supplied on request.
THIS SCHEDULE IS VALID FOR 60 DAYS FOLLOWING DELIVERY OF PROPOSAL.
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MINNESOTA MUTUAL
FEE SCHEDULE FOR ADVANTUS MONEY MARKET PORTFOLIO
JANUARY 31, 1998
ACCOUNT MAINTENANCE PER MONTH $ 50.00
TRANSACTION CHARGES:
DTC $ 7.00
Fed/PTC $ 8.00
Wires $ 10.00
Principal Paydown $ 6.00
Physical Buy/Sell $ 20.00
Deposit Bond Issues $ 1.25
Vault Bond Issues $ 2.50
Charge is waived for use of Norwest ACCESS system.
