EXHIBIT 8(p)
September 15, 0000
Xxxxx Xxxxxx Xxxx and Trust Company
0000 Xxxxxxxx Xxxxx
Xxxxx Xxxxxx, Xxxxxxxxxxxxx 00000
Gentlemen:
Reference is made to the Custodian Agreement dated December 27, 1978, as
amended (the "Custodian Agreement"), between Institutional Liquid Assets (the
"Fund") and State Street Bank and Trust Company ("State Street"). Terms used
herein which are defined in the Custodian Agreement have the same meaning herein
as in the Custodian Agreement.
The purpose of this letter is to confirm our understanding that the
Custodian Agreement is amended as of the date first written above by adding a
new sentence to the end of (S)3D, reading in full as follows:
"State Street, each agent appointed pursuant to (S)8A hereof and each
sub-custodian appointed pursuant to (S)8B hereof may deposit all or
any part of the securities held by it hereunder and eligible therefor
in a clearing agency covered by Rule 17f-4(b) under the 1940 Act;
provided that (y) clauses (a), (b), (c), (d) and (e) of this (S)3D
shall be deemed applicable to the same extent as if such clearing
agency was a book entry system as referred to in the preceeding
sentence and (z) no such deposit in a clearing agency may be made
prior to the express written approval by the Fund of such clearing
agency which approval may be subject to such conditions as the fund
may from time to time determine."
Please confirm your agreement to the foregoing by executing and
returning the enclosed copy of this letter.
Very truly yours,
INSTITUTIONAL LIQUID ASSETS
By: X. X. Xxxxxxx
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As its: President
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Agreed, this 19th, day of December, 0000
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XXXXX XXXXXX BANK AND TRUST COMPANY
By: Xxxx Xxxxxxxx X. X. Xxxxxxxx
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As its: Assistant Vice President Vice President
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