EXHIBIT 8(d)
THE BENCHMARK FUNDS
ADDENDUM NO.1 TO THE FOREIGN CUSTODY AGREEMENT
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This Addendum No. 1, dated as of the 22nd day of January, 1997, is entered
into between THE BENCHMARK FUNDS (the "Trust"), a Massachusetts business trust,
and THE NORTHERN TRUST COMPANY, an Illinois state bank ("Northern").
WHEREAS, the Trust and Northern have entered into a Foreign Custody
Agreement dated March 1, 1994 (the "Foreign Custody Agreement"), pursuant to
which the Trust has appointed Northern to act as custodian to the Trust for its
International Growth Portfolio and International Bond Portfolio (collectively,
the "Portfolios"); and
WHEREAS, the Trust is establishing the International Equity Index Portfolio
(the "New Portfolio"), and it desires to retain Northern to act as the custodian
therefor under the Foreign Custody Agreement, and Northern is willing to so act;
and
WHEREAS, the Trust and Northern wish to amend the Foreign Custody Agreement
to provide for its annual continuance for periods ending on April 30; and
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Appointment. The Trust hereby appoints Northern custodian to the
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Trust for the New Portfolio for the period and on the terms set forth
in the Foreign Custody Agreement. Northern hereby accepts such
appointment and agrees to render the services set forth in the Foreign
Custody Agreement for the compensation therein provided.
2. Annual Continuance. The date "February 29, 1996" that appears in
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Section 13 of the Foreign Custody Agreement is hereby changed to
"April 30, 1998".
3. Capitalized Terms. From and after the date hereof, the term
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"Portfolios" as used in the Foreign Custody Agreement shall be deemed
to include the International Growth Portfolio, International Bond
Portfolio and International Equity Index Portfolio. Capitalized terms
used herein and not otherwise defined shall have the meanings ascribed
to them in the Foreign Custody Agreement.
4. Miscellaneous. Except to the extent supplemented hereby, the Foreign
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Custody Agreement shall remain unchanged and in full force and effect,
and is hereby ratified and confirmed in all respects as supplemented
hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the
date and year first above written.
THE BENCHMARK FUNDS
Attest: /s/ Xxxxx Xxxxx By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx
Title: Vice President
THE NORTHERN TRUST COMPANY
Attest: /s/ Xxxxx X. Grain By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Senior Vice President
