AMENDMENT TO CUSTODIAN SERVICES AGREEMENT
This Amendment, dated the 10th day of April, 1998, is entered into
between THE AMERICAN SKANDIA TRUST, a Massachusetts business trust (the "Fund")
and PNC BANK, N.A., a national banking association (formerly Provident National
Bank) ("PNC Bank").
WHEREAS, the Fund and PNC Bank have entered into a Custodian Services
Agreement dated as of May 1, 1992 as the same may be amended from time to time
(the "Agreement"), pursuant to which the Fund appointed PNC Bank to act as
custodian for its investment portfolios; and
WHEREAS, the Fund and PNC Bank now wish to amend the Agreement as it
relates to Authorized Persons; and
WHEREAS, the Fund's Board of Trustees has approved this Amendment;
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Defined Terms. From and after the date hereof, the following term as
used in the Agreement shall be amended and restated in its entirety as follows:
"Authorized Person." The term "Authorized Person" shall mean any officer of
the Fund and any other person authorized by an officer of the Fund to give Oral
and Written Instructions on behalf of the Fund. Such persons are listed in the
Certificate attached hereto as the Authorized Persons Appendix as such appendix
may be amended in writing by the Fund from time to time.
2. Miscellaneous. Except to the extent amended and supplemented hereby, the
Agreement shall remain unchanged and in full force and effect and is hereby
ratified, confirmed and approved in all respects as amended and supplemented
hereby.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the date and year first above written.
THE AMERICAN SKANDIA TRUST
By: /s/ Xxxx Xxxxx
Title: Vice President
PNC BANK, N.A.
By: /s/ Xxx Xxxxxxxx, XX
Title: Vice President
PNC Bank, N.A.
