EXHIBIT (8)(e)
THIRD AMENDMENT TO THE
CUSTODIAN AGREEMENT BY AND BETWEEN
USAA LIFE INVESTMENT TRUST AND
STATE STREET BANK AND TRUST COMPANY
This Third Amendment, dated February 18, 1998, amends the Custodian
Agreement, dated December 16, 1994 ("Custodian Agreement"), by and between State
Street Bank and Trust Company ("Custodian") and USAA Life Investment Trust
("Trust") (collectively, the "Parties").
RECITALS
WHEREAS, the Custodian Agreement has been amended by an Amendment, dated
December 16, 1994, a First Amendment to the Amendment, dated July 24, 1996, and
a Second Amendment to the Custodian Agreement, dated April 24, 1997
(collectively, with the Custodian Agreement, the "Agreement"); and
WHEREAS, the Custodian, pursuant to the Agreement, currently serves as the
custodian for the seven series of the Trust, namely the USAA Life Variable
Annuity Money Market Fund, USAA Life Variable Annuity Income Fund, USAA Life
Variable Annuity Growth and Income Fund, USAA Life Variable Annuity World Growth
Fund, USAA Life Variable Annuity Diversified Assets Fund, USAA Life Variable
Annuity Aggressive Growth Fund and USAA Life Variable Annuity International Fund
(collectively, the "Funds"); and
WHEREAS, the Board of Trustees has approved this amendment ("Amendment");
NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, the Custodian and the Trust hereby amend the Agreement as
follows:
1. NEW NAMES FOR FUNDS
The name of each Fund of the Trust, as specifically set out, or generally
referred to, in the Agreement, is changed, effective May 1, 1998 (or such other
date as the Securities and Exchange Commission may declare a post-effective
amendment to the Trust's Form N-1A Registration Statement regarding the matter
effective under the Securities Act of 1933), to exclude the term "Variable
Annuity," so that the names of the Funds are as follows:
USAA Life Money Market Fund,
USAA Life Income Fund,
USAA Life Growth and Income Fund,
USAA Life World Growth Fund,
USAA Life Diversified Assets Fund,
USAA Life Aggressive Growth Fund, and
USAA Life International Fund.
2. DUTIES OF CUSTODIAN
The second sentence of Section 3 of the Agreement is hereby revised to read
as follows:
If so directed, the Custodian shall also calculate daily the net
income of the Funds as described in the Trust's currently effective
Prospectus related to such Funds and shall advise the Trust and the
Separate Account, or a third party administrator on its behalf, daily
of the total amounts of such net income and, if instructed in writing
by an Officer of the Trust to do so, shall advise the Separate
Account, or a third party administrator on its behalf, periodically
of the division of such net income among its various components.
Except as specifically superseded or modified herein, the terms and
provisions of the Agreement shall continue to apply with full force and effect.
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be
executed as of the first date set forth above.
USAA LIFE INVESTMENT TRUST
By: /s/_____________________________________
XXXXX X. XXXXXX
President
ATTEST:
By: /s/_______________________________
XXXXX X. XXXXX
Assistant Secretary
STATE STREET BANK AND TRUST COMPANY
By:_______________________________________
Xxxxxxxxxx X. Xxxxxxx
ATTEST:
By: ________________________________
Xxx Xxxxx Xxxxxxxxx
