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ADDENDUM TO THE CUSTODIAN AGREEMENT
THIS ADDENDUM TO THE CUSTODIAN AGREEMENT dated August 19, 1996 between IDS
Growth Fund, Inc. (the Company) on behalf of its underlying series fund, IDS
Research Opportunities, (the Fund) and American Express Trust Company (the
Custodian) is made pursuant to Section 12 of the Agreement to reflect the
Corporation's arrangement of investing all of the Fund's assets in the
corresponding portfolio of a master trust.
American Express Financial Corporation (AEFC) serves as administrator for the
Company and for the master trust in which the Funds invest.
The Company, the Custodian and AEFC agree as follows:
The parties to this Agreement acknowledge that, so long as the Funds invest all
of their assets in corresponding portfolios of a master trust, the only assets
held by the Funds will be units of the corresponding portfolios of the master
trust. The parties agree that the Custodian is entitled to rely upon AEFC for an
accounting of the number of units held, purchased or redeemed by the Company and
to delegate to AEFC responsibility for all reporting to the Company. AEFC agrees
to indemnify and hold harmless the Custodian from all claims and liabilities
incurred or assessed against the Custodian in connection with the accounting for
and reporting to the Company by AEFC.
IN WITNESS WHEREOF, the Company, the Custodian and AEFC have caused this
addendum to the Custodian Agreement to be executed on August 19, 1996 which
shall remain in effect until terminated by one of the parties on written notice
to the other parties to this Addendum.
IDS GROWTH FUND, INC.
IDS Research Opportunities Fund
By/s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President
AMERICAN EXPRESS TRUST COMPANY
By/s/ Xxxxxxxxxxx X. Xxxxx
Xxxxxxxxxxx X. Xxxxx
Vice President
AMERICAN EXPRESS FINANCIAL CORPORATION
By/s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Vice President
