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EXHIBIT 1.A(1)(d)
[A I M DISTRIBUTORS, INC. LETTERHEAD]
February 18, 1999
VIA AIRBORNE EXPRESS
State Street Bank and Trust Company
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Re: Amendment of Custodian Agreement Dated May 1, 1996
Ladies and Gentlemen:
This letter amends that certain Custodian Agreement, dated May 1, 1996, between
State Street Bank and Trust Company and A I M Distributors, Inc. (the "Custodian
Agreement").
Effective as of March 1, 1999:
1. The second WHEREAS paragraph on page one of the Custodian Agreement is
hereby amended and restated to read in full as follows:
"WHEREAS, the Sponsor is engaged in the business of selling
shares of mutual funds and similar securities and presently
wishes to continue the services of the Custodian in connection
with the administration of a plan for the accumulation of
Class I Shares of AIM Summit Fund, Inc. (the "Fund") which the
Sponsor sells and distributes for the benefit of Planholders
(as defined herein) of AIM Summit Investors Plans I (the
"Plan");"
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State Street Bank and Trust Company
February 18, 1999
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2. Section I.A.1. of the Custodian Agreement is hereby amended and
restated to read in full as follows:
"1. Nature of the Plan. The Sponsor intends to offer the Plan
for the accumulation of Class I Shares of the Fund, or any
other shares substituted therefor, under the terms of the Plan
(all such shares being hereinafter called the "Fund Shares"
and the issuer of such shares being hereinafter called the
"Fund," unless the context indicates otherwise). Beneficial
owners of Fund Shares under the Plan are hereinafter called
"Planholders"."
3. The sixth sentence of Section II.A.8. of the Custodian Agreement is
hereby amended and restated to read in full as follows:
"For a period of twelve (12) months following a face change
increase, the Planholder may decrease the increased Plan to a
smaller plan size, but not smaller than the original Plan
prior to the increase."
4. The first sentence of Section II.A.10. of the Custodian Agreement is
hereby amended to read as follows:
"The Custodian and the Sponsor agree that a Planholder may,
within 90 days after he has terminated his Plan, on written
request to the Custodian, reinstate his Plan..."
The foregoing amendments reflect (i) the change in name of Summit Investors
Plans to AIM Summit Investors Plans I, (ii) the change in the name of the shares
of AIM Summit Fund, Inc. to Class I Shares, (iii) the extension from six (6)
months to twelve (12) months as the period during which a Planholder may
decrease a Plan that had previously been increased, and (iv) the change in the
period during which a planholder may exercise his reinstatement privilege from
sixty (60) to ninety (90) days. Other than as
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State Street Bank and Trust Company
February 18, 1999
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amended by the foregoing amendments, the Custodian Agreement remains unaltered,
and is in full force and effect.
Please indicate your agreement to the foregoing amendments to the Custodian
Agreement by signing, dating and returning the enclosed copy of this letter.
Sincerely,
/s/ X. XXXX XXXXXXXXXX
X. Xxxx Xxxxxxxxxx
Senior Vice President
The foregoing amendments to the Custodian Agreement are hereby accepted and
agreed to as of March 1, 1999.
State Street Bank and Trust Company
By: /s/ XXXXXX X. XXXXX
--------------------------------
Name: Xxxxxx X. Xxxxx
Title: Executive Vice President
