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ADDENDUM TO THE CUSTODIAN AGREEMENT
THIS ADDENDUM TO THE CUSTODIAN AGREEMENT dated November 13, 1996,
between IDS Global Series, Inc. (the "Corporation") on behalf of
its underlying series funds: IDS Emerging Markets Fund and IDS
Innovations Fund (individually a "Fund" and collectively the
"Funds"); American Express Trust Company (the "Custodian") and
American Express Financial Corporation ("AEFC") is made pursuant to
Section 12 of the agreement to reflect the Funds' arrangement of
investing all of their assets in a master trust.
Whereas, AEFC serves as administrator for the Corporation and for
the master trust in which the Funds invest.
Now, therefore, the Corporation, the Custodian and AEFC agree as
follows:
The parties to this agreement acknowledge that, so long as the
Funds invest all of their assets in a master trust, the only assets
held by the Funds will be units of the master trust. The parties
agree that the Custodian is entitled to rely upon AEFC for an
accounting of the number of units held, purchased or redeemed by
the Funds and to delegate to AEFC responsibility for all reporting
to the Corporation. AEFC agrees to indemnify and hold harmless the
Custodian from all claims and liabilities incurred or assessed
against the Custodian in connection with the accounting for and
reporting to the Corporation by AEFC.
IN WITNESS WHEREOF, the Corporation, the Custodian and AEFC have
caused this Addendum to the Custodian Agreement to be executed on
November 13, 1996 which shall remain in effect until terminated by
one of the parties on written notice to the other parties to this
Addendum.
IDS GLOBAL SERIES, INC.
IDS EMERGING MARKETS FUND
IDS INNOVATIONS FUND
By /s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President
AMERICAN EXPRESS TRUST COMPANY
By /s/ Xxxxxxxxxxx X. Xxxxx
Xxxxxxxxxxx X. Xxxxx
Vice President
AMERICAN EXPRESS FINANCIAL CORPORATION
By /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Vice President
