AMENDMENT NO. 1
TO
CUSTODY AGREEMENT
This Amendment No. 1 (the "Amendment") to that certain Custody Agreement
dated as of October 19, 1995 between Tax-Free Investments Trust (the "Fund"),
successor in interest to Tax-Free Investments Co., and The Bank of New York
(the "Custodian") (hereinafter the "Custody Agreement") is made as of May 31,
2005.
W I T N E S S E T H :
WHEREAS, the Fund desires to execute an Agreement with XX Xxxxxx Xxxxx Bank,
N.A.;
NOW, THEREFORE, the Fund and the Custodian hereby amend the Custody
Agreement as follows:
1. Section 7 of Article XV is hereby renumbered Section 7(a).
2. A new Section 7(b) is hereby added to Article XV to read in its entirety
as follows:
"(b) Notwithstanding any other provision in this Agreement, the Fund
shall appoint XX Xxxxxx Chase Bank, N.A. (the "Bank") by executing the form
of Agreement attached hereto (the "Agreement"). The Fund agrees that
notwithstanding any other provision in this Agreement: (1) the Custodian
shall have no duty to supervise or monitor the Bank under the Agreement, nor
shall the Custodian have any liability for the acts or omissions of the
Bank, for its appointment, or for its receiving, holding, or disbursing any
assets; and (2) without limiting the generality of the foregoing, the Fund
shall indemnify and hold harmless the Custodian from and against any loss,
liability, claim, expense or demand incurred by the Custodian relating to or
arising out of the Agreement or the appointment or actions or omissions of
the Bank. The provisions of this Section 7(b) shall survive any resignation
of the Custodian or the terms of this Agreement."
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to
be executed by their respective officers, thereof to duly authorize as of the
day and year first above written.
TAX-FREE INVESTMENTS TRUST
By: /s/ Xxxxxx Xxxxxxx
-----------------------------
Name: Xxxxxx Xxxxxxx
Title: Vice President and Fund
Treasurer
THE BANK OF NEW YORK
By: /s/ Xxxxxx X. XXXxxx
-----------------------------
Name: Xxxxxx X. XXXxxx
Title: Managing Director
Attest:
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(seal)
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