CUSTODIAN AGREEMENT between Standish, Ayer & Wood Master Portfolio and Investors Bank & Trust Company

                               CUSTODIAN AGREEMENT
                 between Xxxxxxxx, Xxxx & Xxxx Master Portfolio
                       and Investors Bank & Trust Company

                                   Appendix A
                            (revised October 5, 1996)







Xxxxxxxx Fixed Income Portfolio
Xxxxxxxx Equity Portfolio
Xxxxxxxx Small Capitalization Equity Portfolio
Xxxxxxxx Global Fixed Income Portfolio
Xxxxxxxx Small Capitalization Equity Portfolio II