[LOGO] 801 Pennsylvania
Kansas City, MO 64105
February 16, 2000 Telephone: (000) 000-0000
Xx. Xxxxxxxxxxx Xxxxxxx, Assistant General Counsel
Prudential Insurance Company of America
Gateway Center 0, 0xx Xxxxx
Xxxxxx, XX 00000-0000
Re: Custody Agreement by and between Investors Fiduciary Trust Company and THE
PRUDENTIAL SERIES FUND, INC. and PRUDENTIAL'S GIBRALTAR FUND, INC. dated
May 19, 1997, as supplemented August 19, 1998; and the following related
agreements with brokers:
o Pledge Agreement dated August 15, 1997 with Xxxxxxx, Xxxxx & Co.
o Special Custody Agreement dated November 16, 1998 with Xxxxxxx, Xxxxx
& Co.
o Procedural Agreement dated September, 1997 with Xxxxxxx Xxxxx Futures,
Inc.
o Pledge Agreement dated August 29, 1997 with Xxxxxx Brothers Inc.
o Pledge Agreement dated September 25, 1997 with PaineWebber
Incorporated
o Pledge Agreement dated November 11, 1997 with Credit Suisse First
Boston Corporation
o Pledge Agreement dated September, 1997 with X.X. Xxxxxx Futures, Inc.
Investment Accounting Agreement by and between Investors Fiduciary Trust
Company and THE PRUDENTIAL SERIES FUND, INC. and PRUDENTIAL'S GIBRALTAR
FUND, INC. dated December 31, 1994 as amended June 20, 1995
Dear Xx. Xxxxxxx
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 January 1, 2000. In all respects other than
the assignment to State Street, the terms and conditions of the above-referenced
agreements will remain unchanged.
Please indicate your company's consent to the assignment and assumption by
signing 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 (000) 000-0000 if I can provide any further information
or be of assistance in any way.
Sincerely,
/s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx
APPROVED AND AGREED TO:
THE PRUDENTIAL SERIES FUND, INC. PRUDENTIAL'S GIBRALTAR FUND, INC.
By: /s/ XXXXXXXXXXX XXXXXXX By: /s/ XXXXXXXXXXX XXXXXXX
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Xxxxxxxxxxx Xxxxxxx Xxxxxxxxxxx Xxxxxxx
Title: Ass't Secretary Title: Ass't Secretary
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Date: March 23, 2000 Date: March 23, 2000
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