AMENDMENT TO SCHEDULE C
OF THE
CUSTODIAN AGREEMENT
PORTFOLIOS OF PBHG FUNDS (the "Trust")
This Schedule C to the Custodian Agreement (the "Agreement") dated
February 26, 2002, as amended, by and between Wachovia Bank, National
Association (formerly, First Union National Bank) and the Trust, is amended as
of the date written below to add the PBHG Small Cap Value Fund and the PBHG
Intermediate Fixed Income Fund to the Agreement:
PBHG Growth Fund
PBHG Large Cap Growth Fund
PBHG Select Growth Fund
PBHG Technology & Communications Fund
PBHG Emerging Growth Fund
PBHG Large Cap 20 Fund
PBHG Large Cap Fund
PBHG Mid-Cap Fund
PBHG Small Cap Fund
PBHG Strategic Small Company Fund
PBHG Focused Fund
PBHG REIT Fund
PBHG Clipper Focus Fund
PBHG Disciplined Equity Fund
PBHG IRA Capital Preservation Fund
PBHG Small Cap Value Fund
PBHG Intermediate Fixed Income Fund
Dated: July 14, 2003
PBHG Funds Wachovia Bank, National Association
By: /s/ Xxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxx
Title: Treasurer Title: Assistant Vice President
