Exhibit (h)(3)
August 3, 2000
Xx. Xxxxxx Xxxxxxxxx
Senior Vice President
Xxxxxx Service Company
000 Xxxx Xxxxxx
Xxxxxx Xxxx, Xxxxxxxx 00000
Re: Agency Agreements by and between Investors Fiduciary Trust Company and the
entity referenced on Exhibit A dated as indicated, as amended or
supplemented; and
Service Agreements by and between Xxxxxx Service Company and Investors
Fiduciary Trust Company with respect to each of the funds referenced on
Exhibit A, dated the same date as the corresponding Agency Agreement, as
amended or supplemented
Dear Xxx:
As you are aware, we are completing the acquisition process that began
in 1995 when State Street purchased Investors Fiduciary Trust Company. The State
Street/IFTC combination has been truly beneficial, particularly in the areas of
product offerings, technology and customer service. In order to support
continued growth and to meet the changing needs of our clients, we will be
assigning all IFTC custody and fund accounting contracts to State Street Bank
and Trust Company as soon as possible.
We request your agreement to such assignment and to the assumption of
all rights, duties and obligations of the above-referenced contracts by State
Street Bank and Trust Company, effective August 31, 2000. Please have each fund
and Xxxxxx Service Company indicate its consent to the assignment and assumption
by having it sign the enclosed copy of this letter and returning it to me in the
enclosed pre-addressed envelope.
Thank you for your prompt response, and please do not hesitate to call
me at (816) 000- 0000 if I can provide any further information or be of
assistance in any way.
Sincerely
/s/Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
Vice President and Associate Counsel
State Street Bank and Trust Company hereby agrees to assume all rights,
duties and obligations of Investors Fiduciary Trust Company pursuant to the
above referenced contracts, effective August 31, 2000. In addition, State Street
consents solely as to Sections 3.01, 3.02 and 3.03 of the Service Agreement made
as of the 1st day of May, 1991 by and between Xxxxxx Service Company and DST
Systems, Inc.
STATE STREET BANK AND TRUST COMPANY
By: /s/Xxxxxxx X. Xxxxxxxx
Title: SVP
APPROVED AND AGREED TO:
Xxxxxx Service Company
By: /s/Xxxxxx X. Xxxxxxxxx Xxxxxx Aggressive Growth Fund
------------------------------ Xxxxxx Asian Growth Fund
Xxxxxx Blue Chip Fund
Title: Sr. V P Cash Account Trust
--------------------------- Cash Equivalent Fund
Xxxxxx Strategic Income Fund
Xxxxxx Value Series, Inc.
Xxxxxx New Europe Fund, Inc.
Xxxxxx Global Income Fund
Xxxxxx Growth Fund
Xxxxxx High Income Trust
Xxxxxx High Yield Series
Xxxxxx Horizon Fund
Xxxxxx Income and Capital Preservation
Fund
Xxxxxx Intermediate Government Trust
Xxxxxx International Fund
Investors Cash Trust
Xxxxxx Variable Series
Xxxxxx Multi-Market Income Trust
Xxxxxx Municipal Income Trust
Xxxxxx National Tax-Free Income Series
Xxxxxx Portfolios
Xxxxxx Short-Term U.S. Government Fund
Xxxxxx Small Capitalization Equity Fund
Xxxxxx State Tax-Free Income Series
Xxxxxx Strategic Income Trust
Xxxxxx Strategic Municipal Income Trust
Xxxxxx Target Equity Fund
Tax-Exempt CA Money Market Fund
Investors Municipal Cash Fund
Xxxxxx Technology Fund
Xxxxxx Total Return Fund
Xxxxxx U.S. Government Securities Fund
Xxxxxx Value Plus Growth Fund
Zurich Money Funds
Zurich Yieldwise Funds
By: Xxxxxxx X. Collorra
-------------------
Title: Vice President
EXHIBIT A
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Entity Contract Supplement
Date Date
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Aggressive Growth Fund 12/20/1996 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Asian Growth Fund 10/04/1996 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Blue Chip Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Cash Account Trust 09/06/1990 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Cash Equivalent Fund 04/01/1991 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Strategic Income Fund (formerly Xxxxxx Diversified Income Fund) 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Value Series, Inc. (formerly Xxxxxx Xxxxxx Fund, Inc.) 09/11/1995 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx New Europe Fund, Inc. 09/03/1999 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Global Income Fund 09/29/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Growth Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx High Income Trust 05/03/1991 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx High Yield Series (formerly Xxxxxx High Yield Fund) 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Horizon Fund 01/01/1996 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Income and Capital Preservation Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Intermediate Government Trust 05/03/1991 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx International Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Investors Cash Trust 09/21/1990 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Variable Series (formerly Xxxxxx Investors Fund) 03/24/1987 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Multi-Market Income Trust 05/03/1991 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Municipal Income Trust 05/03/1991 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx National Tax-Free Income Series (formerly Xxxxxx Municipal Bond Fund) 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Portfolios (formerly Investment Portfolios) 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Short-Term U.S. Government Fund (formerly Xxxxxx Enhanced
Government Income Fund) 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Small Capitalization Equity Fund (formerly Xxxxxx Summit Fund) 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx State Tax-Free Income Series (formerly Xxxxxx California Tax-Free 01/01/1989 06/01/97
Income Fund)
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Strategic Income Trust (formerly Xxxxxx Strategic Income Fund) 04/29/1994 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Strategic Municipal Income Trust 05/03/1991 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Target Equity Fund (formerly Xxxxxx Retirement Fund) 01/11/1990 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Tax-Exempt CA Money Market Fund 04/01 / 1991 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Investors Municipal Cash Fund (formerly Tax-Exempt NY Money Market Fund) 10/18/1990 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Technology Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Total Return Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx U.S. Government Securities Fund 01/01/1989 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Xxxxxx Value Plus Growth Fund 10/16/1995 06/01/97
------------------------------------------------------------------------------------------------ ---------------------- -----------
Zurich Money Funds (formerly Xxxxxx Money Market Fund) 01/01/1989 04/01/95
------------------------------------------------------------------------------------------------ ---------------------- -----------
Zurich Yieldwise Funds (formerly Zurich YieldWise Money Fund) 04/16/1997 None
------------------------------------------------------------------------------------------------ ---------------------- -----------
