EXHIBIT 8(c)
FURTHER SUPPLEMENT TO CUSTODIAN AGREEMENT
FIRST AMERICAN INVESTMENT FUNDS, INC.
U.S. BANK NATIONAL ASSOCIATION
WHEREAS, First American Investment Funds, Inc., a mutual fund
organized as a Maryland corporation (hereinafter called the "Fund"), and First
Trust National Association, a national banking association organized and
existing under the laws of the United States of America, previously entered into
that Custodian Agreement dated September 20, 1993 (the "Custodian Agreement")
and that Supplement to Custodian Agreement dated March 15, 1994 (the "Prior
Supplement"); and
WHEREAS, First Trust National Association, with the consent of the
Fund, assigned its rights and obligations under the Custodian Agreement to U.S.
Bank National Association, a national banking association organized and existing
under the laws of the United States of America (the "Custodian") by an
Assignment and Assumption Agreement dated as of May 1, 1998; and
WHEREAS, the Prior Supplement authorizes the Custodian, through
Bankers Trust Company, to employ as sub-custodians for International Fund
securities and other assets maintained outside of the United States certain
foreign banking institutions, foreign securities depositories and foreign
clearing agencies; and
WHEREAS, the Fund and the Custodian wish to supplement the Prior
Supplement so as to extend such authorization to International Index Fund,
Strategic Income Fund, and Emerging Markets Fund.
NOW, THEREFORE, the Fund and the Custodian hereby agree that each
reference in the Prior Supplement to International Fund also shall be deemed a
reference to International Index Fund, Strategic Income Fund, and Emerging
Markets Fund.
IN WITNESS WHEREOF, the parties have caused this Further Supplement
to be duly executed and delivered as of November 21, 1997 with respect to
International Index Fund and July 23, 1998 with respect to Strategic Income Fund
and Emerging Markets Fund.
FIRST AMERICAN INVESTMENT
FUNDS, INC.
By /s/ Xxxxxxx X. Xxxxxxx
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Its Vice President
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U.S. BANK NATIONAL ASSOCIATION
By /s/ Xxxxxxx X. Xxxxxx
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Its Vice President
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