EXHIBIT 1 CUSTODY AGREEMENT PF AIM Blue Chip Fund PF AIM Aggressive Growth Fund PF INVESCO Health Sciences Fund PF INVESCO Technology Fund PF Janus Growth LT Fund PF Janus Strategic Value Fund PF Lazard International Value Fund PF MFS Mid-Cap Growth...

                                                               EXHIBIT (g)(1)(b)

                                   EXHIBIT 1
                               CUSTODY AGREEMENT

                               PF AIM Blue Chip Fund
                               PF AIM Aggressive Growth Fund
                               PF INVESCO Health Sciences Fund
                               PF INVESCO Technology Fund
                               XX Xxxxx Growth LT Fund
                               XX Xxxxx Strategic Value Fund
                               XX Xxxxxx International Value Fund
                               PF MFS Mid-Cap Growth Fund
                               PF MFS Global Growth Fund
                               PF PIMCO Managed Bond Fund
                               PF Pacific Life Money Market Fund
                               XX Xxxxxx Equity Income Fund
                               XX Xxxxxx Research Fund
                               XX Xxxxxxx Large-Cap Value Fund

AGREED TO & ACCEPTED BY:


PACIFIC FUNDS

By: /s/ Xxxxx X. Xxxxxx
   ------------------------------
Name:  Xxxxx X. Xxxxxx
Title: Vice President & Assistant Secretary


PFPC TRUST COMPANY

By: /s/ Xxxxxx Xxxxxxxx
   ------------------------------
Name:  Xxxxxx Xxxxxxxx
Title: Chairman

Effective: December 31, 2001