AMENDMENT TO CUSTODIAN AGREEMENT
between
AETNA SERIES FUND, INC.
and
MELLON BANK, N.A.
WITNESSETH:
WHEREAS, Aetna Series Fund, Inc. (the "Company"), and Mellon Bank, N.A.
("Mellon"), entered into a Custodian Agreement (the "Agreement") on September 1,
1992 with respect to the assets of certain series of the Company and some or all
additional series that the Company may establish from time to time; and
WHEREAS, the Company has authorized the creation of new series, Aetna
Index Plus Small Cap Fund, Aetna Index Plus Mid Cap Fund, Aetna Mid Cap Fund,
Aetna Value Opportunity Fund, Aetna Real Estate Securities Fund, Aetna Index
Plus Bond Fund, and Aetna High Yield Fund (the "Series"), and has amended its
registration statement on Form N-1A to register shares of beneficial interest of
the Series with the Securities and Exchange Commission; and
WHEREAS, the Company desires to appoint Mellon as custodian of the
assets for the Series;
NOW THEREFORE, it is agreed as follows:
1. The Company, on behalf of the Series, hereby appoints Mellon, and
Mellon hereby accepts appointment, as the custodian of the assets of the Series,
in accordance with all the terms and conditions set forth in the Agreement.
2. The Company is entering into this Agreement incorporating the
Agreement on behalf of each Series individually and not jointly with any other
Series. In the Agreement, the term "Fund" shall refer to the Company solely on
behalf of each Series individually to which a particular Futures Contract
transaction or other obligation under the Agreement relates. The
responsibilities and benefits set forth in the Agreement shall refer to each
Series severally and not jointly. No individual Series shall have any
responsibility for any obligation arising out of a Futures Contract transaction
entered into by any other Series. Without otherwise limiting the generality of
the foregoing,
(a) any breach of the Agreement regarding the Company with respect to
any one Series shall not create a right or obligation with respect
to any other Series;
(b) under no circumstances shall Mellon have the right to set off
claims relating to a Series by applying property of any other
Series;
(c) no Series shall have the right of set off against the assets held
by any other Series;
(d) the business and contractual relationships created by the Agreement
as amended hereby, and the consequences of such relationships relate
solely to the particular Series to which such relationship was
created; and
(e) all property held by Mellon on behalf of a particular Series shall
relate solely to the particular Series.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their officers designated below on the date mentioned below.
Aetna Series Fund, Inc. on behalf of
Aetna Index Plus Small Cap Fund
Aetna Index Plus Mid Cap Fund
Aetna Mid Cap Fund
Aetna Value Opportunity Fund
Aetna Real Estate Securities Fund
Mellon Bank, N.A. Aetna Index Plus Bond Fund
Aetna High Yield Fund
By: /s/ Xxxxxxx X. Xxxxxxxx By: /s/ Xxxxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxxxx Name: Xxxxxxxxx X. Xxxxxx
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Title: Vice President Title: Treasurer
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Date: 1/29/98 Date: 1/13/98
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