EXHIBIT (g)(4)
FIRST AMERICAN STRATEGY FUNDS, INC.
COMPENSATION AGREEMENT DATED AS OF [____________, 2001]
PURSUANT TO CUSTODIAN AGREEMENT
[FASF]
WHEREAS, First American Strategy Funds, Inc., a Minnesota corporation
(hereinafter called the "Fund"), and First Trust National Association, a
national banking association organized and existing under the laws of the United
States of America with its principal place of business at St. Xxxx, Minnesota,
previously entered into that Custodian Agreement dated October 1, 1996 (the
"Custodian Agreement"), and entered into a Compensation Agreement pursuant to
such Custodian Agreement (the "Compensation Agreement"); and
WHEREAS, First Trust National Association, with the consent of the
Fund, assigned its rights and obligations under the Custodian Agreement to U.S.
Bank National Association, a national banking association organized and existing
under the laws of the United States of America (the "Custodian") by an
Assignment and Assumption Agreement dated as of May 1, 1998; and
WHEREAS, the Fund and the Custodian desire to amend paragraph 1 of the
Compensation Agreement to include a new series to be added to the Fund in
addition to the existing series as previously identified in the Compensation
Agreement.
NOW, THEREFORE, the Fund and the Custodian agrees as follows:
1. Effective _______________, 2001, paragraph 1 of the Compensation
Agreement is amended to read in its entirety as follows:
"The compensation payable to the Custodian pursuant to the
Custodian Agreement with respect to Strategy Income Fund,
Strategy Growth and Income Fund, Strategy Growth Fund,
Strategy Aggressive Growth Fund and Strategy Global Growth
Fund, shall be payable monthly at the annual rate, as a
percentage of the respective series' average daily net
assets, of 0.01%."
2. Confirmation of Agreement. The Compensation Agreement, as amended
herein, is hereby ratified and confirmed.
IN WITNESS WHEREOF, the Fund and the Custodian have caused this
instrument to be executed in duplicate as of the date first above written by
their duly authorized officers.
Dated: FIRST AMERICAN STRATEGY FUNDS, INC.
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By
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Its
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U.S. BANK NATIONAL ASSOCIATION
By
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Its
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