FORM OF FIRST ADDENDUM TO MASTER CUSTODIAN AGREEMENT
THIS ADDENDUM ("Addendum") to that certain Master Custodian Agreement (the
"Agreement") dated June 22, 2001, by and between The Nottingham Management
Company (the "Administrator") and First Union National Bank (the "Bank"). All
defined terms in this Addendum shall have the same meaning as in the Agreement
unless specifically stated otherwise. In the event there are any inconsistencies
between the Agreement and this Addendum, the provisions of this Addendum
control:
1. The Administrator and Bank wish to add the following new Trust to the
Agreement and modify Exhibit A of the Agreement accordingly.
a. Exhibit A is hereby modified and amended by the adding the
following Trust to Exhibit A:
"FSP Investment Trust"
IN WITNESS WHEREOF, the parties, in consideration of the mutual promises herein
and other good and valuable consideration, have caused this Addendum to be
executed by their duly authorized officers effective this 28th day of March,
2002.
THE NOTTINGHAM MANAGEMENT COMPANY FIRST UNION NATIONAL BANK
By: __________________________ By: __________________________
Its: __________________________ Its: __________________________
