Exhibit No. 99(b)(8)(a)(7)
CUSTODIAN AGREEMENT
AMENDMENT NUMBER SEVEN
THIS AGREEMENT is made as of the _______ day of July, 1997 by and
between DIMENSIONAL INVESTMENT GROUP INC., a Maryland corporation (the "Fund"),
and PNC BANK, N.A. ("PNC").
W I T N E S S E T H:
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WHEREAS, the Fund is registered as an open-end management investment
company under the Investment Company Act of 1940, as amended (the "1940 Act");
and
WHEREAS, the Fund has retained PNC to provide certain custodian
services pursuant to a Custodian Agreement dated as of July_12, 1991 as
thereafter amended (the "Agreement") which, as of the date hereof, is in full
force and effect; and
WHEREAS, the Fund is comprised of certain Covered Portfolios ("Feeder
Portfolios") that invest solely in securities issued by certain Series of The
DFA Investment Trust Company, a Delaware business trust ("DFAITC").
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, and intending to be legally bound, the parties hereto agree as
follows:
1. Paragraph 7(d) of the Agreement is re-designated paragraph 7(e)
and a new paragraph 7(d) is added as follows:
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"In absence of Written or Oral Instructions to the contrary,
certificates for shares of a Series purchased or otherwise
acquired by a Feeder Portfolio shall not be issued by the
transfer agent for such shares. By book-entry PNC shall credit
the custody account of such Portfolio with the number of shares
and fractions acquired, from time to time, by purchase or from
reinvestment of dividends and/or distributions paid in respect of
such shares, and PNC shall debit such account in respect of
shares of a Series which are redeemed or otherwise disposed of by
such Portfolio."
2. A new paragraph, designated 10(h), is added as follows: "present
shares of a Series to the custodian of the assets of such Series for
redemption;"
3. A new paragraph, designated 10(i), is added as follows: "as
record owner of the shares of a Series which are beneficially owned by a Feeder
Portfolio PNC, or its nominee, shall vote such shares as provided in Written
Instructions of the Fund."
4. Paragraph 13 is amended by replacing the period at the end of the
first sentence with a comma and adding the following proviso: "provided, in
absence of Written or Oral Instructions, the purchase price of shares of a
Series purchased by a Feeder Portfolio shall be the net asset value of such
shares
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next calculated after receipt by PNC of a purchase order for such shares."
5. Paragraph 14 is amended by adding a new last sentence as follows:
"The foregoing provisions of this paragraph 14 notwithstanding, in accordance
with Written or Oral Instructions, PNC shall present for redemption shares of a
Series owned by a Feeder Portfolio to the custodian of the assets of such Series
and, on behalf of such Portfolio, shall accept payment in cash or in kind at the
discretion of, and as directed by, DFAITC."
IN WITNESS WHEREOF, the parties hereto have caused this Amendment
Number Seven to the Agreement to be executed by their duly authorized officers
designated below on the day and year first above written.
DIMENSIONAL INVESTMENT GROUP INC.
By:
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PNC BANK, N.A.
By:
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