AMENDMENT TO MASTER CUSTODIAN AGREEMENT

Exhibit g.1.(xi)

AMENDMENT

TO

MASTER CUSTODIAN AGREEMENT

This Amendment (the “Amendment”) to the Master Custodian Agreement is made on the 16th day of October, 2009 by and between each Fund listed on Appendix A and State Street Bank & Trust Company (formerly, Investors Bank & Trust Company).

WHEREAS, the parties hereto have entered into a Master Custodian Agreement (the “Agreement”) dated as of June 30, 2005, as amended; and

WHEREAS, the parties hereto wish to amend Appendix A of the Agreement in order to revise the list of series/portfolios covered by the Agreement to reflect changes of the names of the MainStay All Cap Growth Fund, MainStay Total Return Fund and MainStay Small Company Value Fund and the liquidation and dissolution of the MainStay Institutional Bond Fund (the “Liquidation”).

NOW, THEREFORE, for good and adequate consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

1. Amendment of Appendix A.  Appendix A of the Agreement is hereby amended by deleting it in its entirety and replacing it with the Appendix A attached hereto, effective at the close of business on October 16, 2009 with respect to the changes to series names and upon the completion of the Liquidation with respect to the MainStay Institutional Bond Fund.

2. Except as modified hereby, the Agreement shall remain in full force and effect.

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

STATE STREET BANK & TRUST COMPANY

By:          /s/ Xxxxx X. Xxxx

Name: Xxxxx X. Xxxx

Title:   Senior Vice President

ECLIPSE FUNDS

ECLIPSE FUNDS INC.

ICAP FUNDS, INC.

MAINSTAY VP SERIES FUND, INC.

THE MAINSTAY FUNDS

By:          /s/ Xxxxxxx X. Xxxxxx        

Name: Xxxxxxx X. Xxxxxx

Title: President

Appendix A

to the

Master Custodian Agreement

(as of the close of business on October 16, 2009)*

FUND	SERIES / PORTFOLIO
The MainStay Funds	Capital Appreciation Fund
	Common Stock Fund
	Convertible Fund
	Diversified Income Fund
	Equity Index Fund
	Global High Income Fund
	Government Fund
	High Yield Corporate Bond Fund
	Income Builder Fund
	International Equity Fund
	Large Cap Growth Fund
	MAP Fund
	Mid Cap Growth Fund
	Mid Cap Value Fund
	Money Market Fund
	Principal Preservation Fund
	Small Cap Growth Fund
	Tax Free Bond Fund
	Value Fund
Eclipse Funds Inc.	130/30 Core Fund
	130/30 Growth Fund
	130/30 High Yield Fund
	130/30 International Fund
	Cash Reserves Fund
	Conservative Allocation Fund
	Epoch U.S. All Cap Fund
	Floating Rate Fund
	Growth Allocation Fund
	Growth Equity Fund
	Income Manager Fund
	Indexed Bond Fund
	Intermediate Term Bond Fund
	Moderate Allocation Fund
	Moderate Growth Allocation Fund
	Retirement 2010 Fund
	Retirement 2020 Fund
	Retirement 2030 Fund
	Retirement 2040 Fund
	Retirement 2050 Fund
	S&P 500 Index Fund
	Short Term Bond Fund

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FUND	SERIES / PORTFOLIO
Eclipse Funds	Balanced Fund
	Mid Cap Core Fund
	Small Company Value Fund
ICAP Funds, Inc.	ICAP Equity Fund
	ICAP Global Fund
	ICAP International Fund
	ICAP Select Equity Fund
MainStay VP Series Fund, Inc.	Balanced Portfolio
	Bond Portfolio
	Capital Appreciation Portfolio
	Cash Management Portfolio
	Common Stock Portfolio
	Conservative Allocation Portfolio
	Convertible Portfolio
	Developing Growth Portfolio
	Floating Rate Portfolio
	Government Portfolio
	Growth Allocation Portfolio
	High Yield Corporate Bond Portfolio
	ICAP Select Equity Portfolio
	International Equity Portfolio
	Large Cap Growth Portfolio
	Mid Cap Core Portfolio
	Mid Cap Growth Portfolio
	Mid Cap Value Portfolio
	Moderate Allocation Portfolio
	Moderate Growth Allocation Portfolio
	S&P 500 Index Portfolio
	Small Cap Growth Portfolio
	Total Return Portfolio

* The removal of the MainStay Institutional Bond Fund from this Appendix is effective upon the completion of the liquidation of that series, which commenced on October 16, 2009.

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