Exhibit (8)(l)
CUSTODIAN AGREEMENT
(Addition of the Emerging Growth Fund)
Firstar Trust Company
X.X. Xxx 0000
Xxxxxxxxx, XX 00000
Gentlemen:
Pursuant to Paragraph 16 of the Custodian Agreement
dated as of July 29, 1988 and amended as of May 1, 1990, between
you and Portico Funds, Inc. (formerly, Elan Funds, Inc.) (the
"Company"), the Company requests that you render services as
Custodian under the terms of said agreement with respect to the
Emerging Growth Fund, an additional portfolio which the Company
is establishing. Your compensation for the services provided
under said agreement for said additional portfolio shall be
determined in accordance with the fee schedule attached hereto.
Please sign two copies of this letter where indicated
to signify your agreement to serve as Custodian and to the
compensation terms set forth on the attached fee schedule.
Sincerely,
Dated: , 1997 PORTICO FUNDS, INC.
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By:
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(Authorized Officer)
ACKNOWLEDGED AND AGREED:
FIRSTAR TRUST COMPANY
By: Dated:
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(Authorized Officer)
FIRSTAR TRUST COMPANY
MUTUAL FUND SERVICES
MUTUAL FUND CUSTODIAL AGENT SERVICE ANNUAL FEE SCHEDULE
FOR
Emerging Growth Fund
Annual Fee based on total assets of the Portico Fund:
0.02% on the first $2 billion
0.15% on the next $2 billion
0.01% on the balance in excess of $4 billion
Investment Transactions: Purchase, sale, exchange, tender,
redemption (maturity), receipt and delivery.
$12.00 per Book Entry Securities (Depository or Federal
Reserve System).
$25.00 per Definitive Security (Physical).
$75.00 per Euroclear.
$ 8.00 per Principal reduction on pass-through certificates.
$35.00 per Option/Futures Contract.
$15.00 per variation margin transaction.
$25.00 per Mutual Fund trade
$15.00 perFed Wire deposit or withdrawal
Extraordinary expenses based on time and complexity involved.
Out-of-Pocket Expenses: Charged on the account.
Fees are billed quarterly based on the value at the beginning of
the quarter.
