Exhibit (g)(3)
AMENDMENT TO CUSTODY AGREEMENT
This Amendment dated as of June 15, 1999 (the "Amendment") is made to the
Transfer Agent and Registrar Agreement, dated as of December 31, 1996 (the
"Agreement"), as amended on June 16, 1998, between The FBR Family of Funds (the
"Trust") and Custodial Trust Company.
The Trust and Custodial Trust Company agree that the Agreement shall, as of
the date first written above, be amended as follows:
1. Schedule A of the Agreement shall be deleted in its entirety and the
Schedule A attached hereto shall be substituted in its place.
In all other respects, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first written
above.
THE FBR FAMILY OF FUNDS
By:
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Title:
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CUSTODIAL TRUST COMPANY
By:
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Title:
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EXHIBIT A
PORTFOLIOS
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FBR Financial Services Fund
FBR Small Cap Financial Fund
FBR Small Cap Value Fund
FBR Realty Growth Fund
FBR Technology Fund
116172.1
