Exhibit 7(n)
LETTER AGREEMENT
State Street Bank and Trust Company
X.X. Xxx 0000
Xxxxxx, XX 00000
Dear Sirs:
Pursuant to Section 14 of the Custodian Agreement between Xxxxx Xxxxxxx
Investment Company ("FRIC") and State Street Bank and Trust Company, dated
October 31, 1988, FRIC advises you that it is creating five new funds to be
named Tax-Managed Equity Aggressive Strategy Fund, Tax-Managed Aggressive
Strategy Fund, Tax-Managed Moderate Strategy Fund, Tax-Managed Conservative
Strategy Fund and Tax-Managed Small Cap Fund (each, a "Fund"). FRIC desires for
State Street Bank and Trust Company to serve as Custodian with respect to each
Fund pursuant to the terms and conditions of the Custodian Agreement. The first
four Funds set forth above are to be "fund of funds." The fees to be charged by
the Custodian to each Fund in return for its services are contained in the
current fee schedule to the Custodian Agreement.
Please indicate your acceptance to act as Custodian to each Fund by executing
the acceptance copy of this letter agreement and returning it to the
undersigned.
Sincerely,
XXXXX XXXXXXX INVESTMENT COMPANY
By:
Xxxx X. Xxxxxxxx
President
Accepted this day of , 1999.
STATE STREET BANK AND TRUST COMPANY
By:
Its:
