Exhibit 24(b)(8)
AMENDMENT No. 11
to
THE FIRST AMENDED CUSTODIAN CONTRACT BETWEEN
THE AAL MUTUAL FUNDS AND
FIRSTAR TRUST COMPANY
(F/K/A FIRST WISCONSIN TRUST COMPANY)
Effective January 8, 1997, the First Amended Custodian Contract ("Contract"),
dated October 29, 1987, between The AAL Mutual Funds and Firstar Trust Company
(f/k/a) First Wisconsin Trust Company) is amended as follows:
1. Schedule A (Custodial Agent Fee Schedule) to the Agreement
effective as of April 1, 1994, is amended to add The AAL High
Yield Bond Fund.
An amended Schedule A, effective January 8, 1997, is attached hereto.
All other provisions of the Contract, as amended, and all Sub-Custodian
Agreements, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment No. 11 to the
Contract to be signed by their duly authorized officers.
ATTEST: FIRSTAR TRUST COMPANY
By________________________ By__________________________
ATTEST: THE AAL MUTUAL FUNDS
By________________________ By__________________________
Xxxxxx X. Same, Secretary H. Xxxxxxx Xxxxxx, President
SCHEDULE A
TO
THE OCTOBER 29, 1987, FIRST AMENDED CUSTODIAN
CONTRACT BETWEEN THE AAL MUTUAL FUNDS AND
FIRSTAR TRUST COMPANY, AS AMENDED
FIRSTAR TRUST COMPANY
MUTUAL FUND CUSTODIAL AGENT
Fee Schedule
Effective January 8, 1997
I. Annual fee based on aggregate market value of all AAL Mutual Funds
.00005 (.5 basis points) on all assets
II. Fees for transactions (purchase, sale, exchange, tender, redemption,
maturity, receipt, delivery)
$ 6.00 per book entry security (depository or Federal Reserve system)
$ 25.00 per definitive security (physical)
$ 75.00 per Euroclear
$ 8.00 per principal reduction on pass-through certificates
$ 35.00 per option/futures contract
$ 12.00 per variation margin transaction
$ 10.00 per Fed wire deposit or withdrawal
III. Other Fees
Variable Rate Notes: Used as a short-term investment, variable rate notes offer
safety and prevailing high interest rates. Firstar charge, which is 1/4 of 1%,
is deducted from the variable rate note income at the time it is credited to a
Fund's account.
Extraordinary expenses: Based on time and complexity involved.
Out-of-pocket expenses: Charged to the account.
Fees are billed monthly, based on prior month-end market values and prior
month's transactions
