AMENDMENT TO THE
CUSTODIAN AGREEMENT
This Agreement is made as of the 3rd day of January, 1986 by and among
TrustFunds Equity Index Funds (the "Trust"), a business trust duly organized
under the laws of the Commonwealth of Massachusetts, Manufacturers National Bank
of Detroit ("MNB"), a national bank, and SEI Financial Management Company
("SFM"), a Delaware corporation.
WHEREAS, pursuant to a Custodian Agreement dated July 10, 1985 ("Custodian
Agreement") between the Trust and MNB, MNB is Custodian of securities and cash
owned or held by the Trust's S&P 500 Index Portfolio, Extended Market Index
Portfolio and such other portfolios as the Trust and the Custodian may
thereafter agree on;
WHEREAS, the Trust and MNB desire to amend certain terms of the Custodian
Agreement; and
WHEREAS, SFM, the Trust's Manager, desires to become a party to the
Custodian Agreement for the purposes set forth herein;
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto, intending to be legally bound, do hereby
agree as follows:
1. AMENDED INVESTMENT ADMINISTRATION AGREEMENT. All references in
the Custodian Agreement to the Investment Administration Agreement
between MNB and SFM dated July 10, 1985, are hereby amended to refer
to the Investment Administration Agreement between MNB and SFM dated
July 10, 1985, as amended by the amendment dated January 3, 1986.
2. COMPENSATION. Notwithstanding and in addition to the
compensation to be paid to MNB pursuant to Section 16 of the Custodian
Agreement, MNB may receive from SFM, for MNB's services under the
Custodian Agreement, reimbursements for actual expenditures by MNB in
the performance of its responsibilities under the Custodian Agreement.
The amount and frequency of such payments by SFM shall be subject to
the sole discretion of SFM.
3. MULTIPLE ORIGINAL COPIES. This Agreement may be executed in two
or more counterparts, each of which when so executed shall be deemed
to be an original, but such counterparts shall together constitute but
one and the same instrument.
IN WITNESS WHEREOF, the Trust, MNB and SFM have caused this Agreement to be
signed by their respective officers as of the day and year first above written.
TRUSTFUNDS EQUITY INDEX FUNDS
By: [Signature Appears Here]
-------------------------------------
Pres.
MANUFACTURERS NATIONAL BANK OF DETROIT
By: [Signature Appears Here]
-------------------------------------
VP
SEI FINANCIAL MANAGEMENT COMPANY
By: [Signature Appears Here]
-------------------------------------
S.V.P
Amendment to Custodian Agreement
This amendment, made this 25th day of July, 1986 by and between TrustFunds
Index Funds (the "Trust") and Manufacturers. National Bank of Detroit ("MNB")
WHEREAS, the Trust and MNB have entered into a Custodian Agreement dated
July 10, 1985; and
WHEREAS, the Trust and MNB wish to amend the Custodian Agreement to alter
the compensation paid to MNB;
NOW THEREFORE, in consideration of the promises and mutual covenants herein
contained it is agreed that SECTION 16 of the Custodian Agreement dated July 10,
1985 be amended to read in its entirety as follows:
SECTION 16. The Custodian's compensation shall be as set forth in
schedule A attached hereto, or as shall be set forth in
amendments to such schedule as approved by the Trust and the
MNB.
TrustFunds Index Funds
By: [Signature Appears Here]
-------------------------------------
Title
Manufacturers National Bank
of Detroit
By: [Signature Appears Here]
-------------------------------------
Title VICE PRESIDENT
Schedule A
CUSTODIAN FEES
The Trust will pay the Custodian a fee at an annual rate of .01% of the average
daily net assets of the Equity Index Portfolios.
In addition, the Custodian will receive the following for transaction costs:
Purchase of a Security $2.00
(common stock, futures contracts,
repurchase agreements, and other
cash-equivalent securities)
Sale of a Security 2.00
(common stock, futures contracts,
repurchase agreements, and other
cash-equivalent securities)
Free delivery/free receipt of In-Kind Securities 2.00
Dividend Postings no charge
Other Receipts & Disbursements no charge
(including maturities)
The above charges will be calculated and paid on a monthly basis.
