AMENDMENT NO. 5 TO ADMINISTRATION AGREEMENT BETWEEN STATE STREET BANK and TRUST COMPANY AND STATE STREET NAVIGATOR SECURITIES LENDING TRUST

Exhibit (h)(2)(e)

AMENDMENT NO. 5 TO ADMINISTRATION AGREEMENT BETWEEN

STATE STREET BANK and TRUST COMPANY

AND

STATE STREET NAVIGATOR SECURITIES LENDING TRUST

This Amendment No. 5 to Administration Agreement is dated as of May 26, 2011, by and between State Street Navigator Securities Lending Trust, a Massachusetts business trust (the “Investment Company”), and State Street Bank and Trust Company, a Massachusetts trust company (the “Administrator”).

WHEREAS, the Investment Company and the Administrator have entered into an Administration Agreement dated as of March 4, 1996 (the “Agreement”); and

WHEREAS, the Investment Company and the Administrator now desire to amend the Agreement as provided herein.

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained in the Agreement and other consideration, the receipt and sufficiency of which is hereby acknowledged, the Investment Company and the Administrator hereby agree to amend the Agreement as follows:

1. Pursuant to Section 1 of the Agreement, the Investment Company hereby notifies the Administrator that it has created a new fund known as the State Street Navigator Securities Lending TIAA-CREF Short Term Lending Portfolio.

2. Exhibit A of the Agreement is hereby deleted in its entirety and replaced with the Exhibit A attached hereto.

3. All other terms and conditions of the Agreement remain in full force and effect except as they may be modified hereby.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date first above written.

Attest:			STATE STREET NAVIGATOR SECURITIES LENDING TRUST
By:	/s/ Xxxxxx X. Xxxx
			By:	/s/ Xxxxx X. Xxxxxx
			Name:  Xxxxx X. Xxxxxx
			Title:    Secretary
Attest:			STATE STREET BANK and TRUST COMPANY
By:	/s/ Xxxxxxx Xxxxxx		By:	/s/ Xxxxx X. Dell
			Name:  Xxxxx X. Dell
			Title:    Senior Vice President