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Exhibit (8)(b)
THE GALAXY VIP FUND
GLOBAL CUSTODY AGREEMENT
Amendment No. 1
_____________, 1998
The Chase Manhattan Bank
Chase Metrotech Center
Xxxxxxxx, XX 00000
Attn: Global Custody Division
Dear Sirs:
This letter is to confirm that the undersigned, The Galaxy VIP Fund (the
"Trust"), a Massachusetts business trust, has agreed that the Global Custody
Agreement ("Agreement") between the Trust and The Chase Manhattan Bank (formerly
The Chase Manhattan Bank, N.A.) ("Chase") dated as of November 13, 1992, is
herewith amended to provide that Chase shall be the custodian for the Trust's
Growth and Income Fund, Small Company Growth Fund, Columbia Real Estate Equity
Fund II and Columbia High Yield Fund II on the terms and conditions contained in
the Agreement.
If the foregoing is in accordance with your understanding, will you so
indicate by signing and returning to us the enclosed copy thereof.
Very truly yours,
THE GALAXY VIP FUND
By:_________________________________
Name:
Title:
Accepted:
THE CHASE MANHATTAN BANK
By:_________________________________
Name:
Title:
