Exhibit 99.B8(b)
AMENDMENT TO CUSTODIAN CONTRACT
BETWEEN BLACKSTONE GOVERNMENT INCOME TRUST
AND STATE STREET BANK AND TRUST COMPANY
Reference is made to the CUSTODIAN CONTRACT BETWEEN BLACKSTONE
GOVERNMENT INCOME TRUST (AS ONE OF THE PARTIES INDICATED ON APPENDIX A
THEREOF) AND STATE STREET BANK AND TRUST COMPANY dated August 30, 1991 with
respect to Blackstone Government Income Trust. Paragraph 5 of said Agreement
shall be restated in its entirety and shall provide as follows:
Proper instructions as used herein means a writing signed or
initialled by one or more person or persons as the officers of the Fund
shall have from time to time authorized. 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. Oral instructions will be considered Proper Instructions if
the Custodian reasonably believes them to have been given by a person
authorized to give such instructions with respect to the transaction
involved. The Fund shall cause all oral instructions to be confirmed in
writing. It is understood and agreed that the Board of
Directors/Directors/Trustees has authorized (i) Prudential Mutual Fund
Management, Inc., as Manager of the Fund, and (ii) Blackstone Financial
Management L.P., as Subadviser to the Fund, to deliver proper
instructions with respect to all matters for which proper instructions
are required by this Article 5. The Custodian may rely upon the
certificate of an officer of the Manager or Subadviser, as the case may
be, with respect to the person or persons authorized on behalf of the
Manager and Subadviser, respectively, to sign, initial or give proper
instructions for the purpose of this Article 5. Proper Instructions may
include communications effected directly between electro-mechanical or
electronic devices provided that the Fund and the Custodian are
satisfied that such procedures afford adequate safeguards for the Fund's
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.
IN WITNESS WHEREOF, each of the parties has caused this instrument to be
executed in its name and behalf by its duly authorized representative.
ATTEST STATE STREET BANK & TRUST
COMPANY
/s/ Xxxxxx Xxxxxxxx By /s/ Xx Xxxx
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VICE PRESIDENT
ATTEST BLACKSTONE GOVERNMENT INCOME
TRUST
/s/ Xxxxxxxx Xxxxxxxx By /s/ Xxxxxxxx X. XxXxxxx
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Assistant Secretary
