Exhibit 99.(g)(4)
[LOGO]
[STATE STREET LETTERHEAD]
801 Pennsylvania
Xxxxxx Xxxx, XX 00000
Telephone (000) 000 0000
February 28, 2000
Xx. Xxxx Xxxxxx
Empire Builders Tax Free Bond Fund
Glickenhaus and Company
Six Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000-0000
Re: Custody Agreement by and between Empire Builder Tax Free Bond Fund and
Investors Fiduciary Trust Company dated March 17, 1992 and related Funds
Transfer Operating Guidelines dated December 5, 1997 and Procedural
Agreement with Xxxxxxx Xxxxx Futures, Inc. dated March, 1992
Dear Xx. Xxxxxx:
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 April 1, 2000. 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/ Xxxxxx X. Xxxxxxxxx
------------------------
Xxxxxx X. Xxxxxxxxx
APPROVED AND AGREED TO:
Empire Builders Tax Free Bond Fund
By: /s/ Xxxxx Xxxxxx
---------------------
Xxxxx Xxxxxx
Title: --------------------
Date: March 8, 2000
