AMENDMENT No. 3
TO THE TRANSFER AGENCY AND SERVICES AGREEMENT
THIS AMENDMENT, dated as of 1/1/99 is made to the Transfer Agency and
Services Agreement dated July 3, 1998 (the "Transfer Agent Agreement") between
AETNA SERIES FUND, INC. (the "Fund") and FIRST DATA INVESTOR SERVICES GROUP,
INC. ("Investor Services Group").
WITNESSETH
WHEREAS, Investor Services Group and the Fund desire to amend the
Agreement to identify certain services provided by Investor Services Group in
connection with various retirement plan products offered by the Fund.
NOW THEREFORE, the Fund and Investor Services Group agree that as of
the date first referenced above, the Transfer Agent Agreement shall be amended
as follows:
1. Amendment No. 1 is deleted in its entirety.
2. Schedule A - Duties of Investor Services Group is hereby amended by adding
the following new section:
"Retirement Plans. In connection with individual retirement accounts,
simplified employee pension plans, rollover individual retirement plans,
educational XXX and XXXX individual retirement accounts (each hereinafter
referred to as an "XXX" and, collectively, the "IRAs") within the meaning of
Section 408 of the Internal Revenue Code of 1986, as amended (the "Code") and
retirement plans within the meaning of Sections 403(b)(7) of the Code offered by
the Fund (such IRAs and 403(b)(7) plans as amended from time to time being
hereinafter sometimes referred to individually as a "Plan" and collectively as
the "Plans") for which contributions of the Fund's shareholders (the
"Participants") in the Plans are invested in shares of Portfolios of the Fund,
Investor Services Group shall provide the following administrative services on
behalf of the Fund and Aeltus Trust Company, the custodian for the Plans, in
addition to those services described herein:
(a) Establish a record of types and reasons for distributions (i.e.,
attainment of age 59-1/2, disability, death, return of excess contributions,
etc.);
(b) Record method of distribution requested and/or made;
(c) Receive and process designation of the beneficiary forms;
(d) Examine and process requests for direct transfers between
custodians/trustees, transfer and pay over to the successor assets in the
account and records pertaining thereto as requested and execute any such
transfer of asset forms required by the prior custodian;
(e) Prepare any annual reports or returns required to be prepared
and/or filed by a custodian of a Plan, including, but not limited to, an annual
fair market value report, Forms 1099R and 5498 and file with the IRS and provide
to Participant/Beneficiary; and
(f) Perform applicable federal withholding and send
Participants/Beneficiaries an annual TEFRA notice regarding required federal tax
withholding.
Notwithstanding anything in the Agreement to the contrary, Investor
Services Group hereby acknowledges that in addition to the Fund, the provisions
of Articles 10, 11 and 12 of the Agreement shall apply to Aeltus Trust Company
with respect to the services provided by Investor Services Group under this
"Retirement Plans" section of this Schedule A - Duties of Investor Services
Group.
This Amendment contains the entire understanding between the parties
with respect to the transactions contemplated hereby. To the extent that any
provision of this Amendment modifies or is otherwise inconsistent with any
provision of the Transfer Agent Agreement and related agreements, this Amendment
shall control, but the Transfer Agent Agreement and all related documents shall
otherwise 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 above
written.
AETNA SERIES FUND, INC.
By: /s/ Xxxxx X. Xxxxxxx
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Title: Vice President
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FIRST DATA INVESTOR SERVICES
GROUP, INC.
By: /s/ Jylanne Xxxxx
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Title: Senior Vice President
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