AMENDMENT TO CUSTODIAN SERVICES AGREEMENT
This Amendment, dated the 27th day of April, 1998, is entered into
between AMERICAN SKANDIA MASTER TRUST, a Delaware business trust (the "Fund")
and PNC BANK, N.A., a national banking association ("PNC Bank").
WHEREAS, the Fund and PNC Bank have entered into a Custodian Services
Agreement dated as of June 1, 1997 (the "Agreement"), pursuant to which the Fund
appointed PNC Bank to act as custodian for its investment portfolios; and
WHEREAS, the Fund and PNC Bank now wish to amend the Agreement as it
relates to Authorized Persons; and
WHEREAS, the Fund's Board of Trustees has approved this Amendment;
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Defined Terms. From and after the date hereof, the following term as
used in the Agreement shall be amended and restated in its entirety as follows:
"Authorized Person" means any officer of the Fund and any other
person authorized by an officer of the Fund to give Oral
Instructions and Written Instructions on behalf of the Fund and
listed on the Authorized Persons Appendix attached hereto and
made a part hereof or any amendment thereto as may be received by
PNC Bank. An Authorized Person's scope of authority may be
limited by the Fund by setting forth such limitation in the
Authorized Persons Appendix.
2. Miscellaneous. Except to the extent amended and supplemented hereby,
the Agreement shall remain unchanged and in full force and effect and is hereby
ratified, confirmed and approved in all respects as amended and supplemented
hereby.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the date and year first above written.
AMERICAN SKANDIA MASTER TRUST
By:
Title:
PNC BANK, N.A.
.
By:
Title:
