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EXHIBIT g(10)
AMENDMENT TO THE CUSTODIAN CONTRACT
AGREEMENT made by and between STATE STREET BANK AND TRUST COMPANY (the
"Custodian") and G.T. INVESTMENT FUNDS, INC. (the "Fund").
WHEREAS, the Custodian and the Fund are parties to a custodian contract
dated April 27, 1988 (the "Custodian Contract") governing the terms and
conditions under which the Custodian maintains custody of the securities and
other assets of the Fund; and
WHEREAS, the Custodian and the Fund desire to amend the Custodian Contract;
NOW THEREFORE, the Custodian and the Fund hereby amend Section 5 of the
Custodian Contract entitled "Proper Instructions" to read:
"Proper Instructions" as used throughout this Contract means a writing
signed in the name of the Fund by any two of the President, and Vice
President, the Secretary, the Assistant Secretary, the Treasurer or the
Assistant Treasurer of the Fund or any other persons duly authorized to
sign such writing by the Board of Directors of the Fund. Each such writing
shall set forth the specific transaction or type of transaction involved,
including a specific statement of the purpose for which such action is
requested. The Custodian may act and rely upon oral instructions if the
Custodian reasonably believes them to have been given by a person
authorized to give instructions with respect to the transactions involved.
Oral Instructions shall be promptly confirmed in writing by Proper
Instructions. Upon receipt of a certificate of the Secretary or an
Assistant Secretary as to the authorization by the Board of Directors,
Proper Instructions may include communications effected directly between
electro-mechanical or electronic devices provided that the Board of
Directors and the Custodian are satisfied that such procedures afford
adequate safeguards for the Portfolios' assets. For purposes of this
Section, Proper Instructions shall include instructions received by the
Custodian pursuant to any three-party agreement which requires a segregated
asset account in accordance with Section 2.11"
Except as specifically superseded or modified herein, the terms and
provisions of the Custodian Contract shall continue to apply with full force
and effect.
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IN WITNESS WHEREOF, each of the parties has caused this instrument to
be executed in its name and behalf by its duly authorized representative as of
the ________ day of ____________ 1994.
STATE STREET BANK AND TRUST COMPANY
By: /s/ [ILLEGIBLE]
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Executive Vice President
G.T. INVESTMENT FUNDS, INC.
By: /s/ XXXXX XXXXX XXX
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Vice President
