Exhibit (e)(xi) under Form N-1A
Exhibit (1) under Item 601/Reg. S-K
Amendment to
Distributor's Contracts
between
the Federated Funds
and
Federated Securities Corp.
This Amendment to the Distributor's Contracts (each an "Agreement" and
together, the "Agreements") between the Federated Funds listed on Exhibit A,
(each a "Fund" and collectively, the "Funds") and Federated Securities Corp.
("Distributor") is made and entered into as of the 1st day of October, 2003.
WHEREAS, each Fund has entered into an Agreement with the Distributor under
and pursuant to which the Distributor is the principal underwriter of the shares
of the Fund;
WHEREAS, the Securities and Exchange Commission and the United States
Treasury Department ("Treasury Department") have adopted a series of rules and
regulations arising out of the USA PATRIOT Act (together with such rules and
regulations, the "Applicable Law"), specifically requiring certain financial
institutions, including the Funds and the Distributor, to establish a written
anti-money laundering and customer identification program ("Program");
WHEREAS, each of the Funds and the Distributor have established a Program
and wish to amend the Agreements to reflect the existence of such Programs and
confirm the allocation of responsibility for the performance of certain required
functions;
NOW, THEREFORE, the parties intending to be legally bound agree and amend
each Agreement as follows:
The Funds and the Distributor each represent, warrant and certify that they
have established, and covenant that at all times during the existence of each
respective Agreement they will maintain, a Program in compliance with Applicable
Law.
The Funds each represent and warrant that the Funds have entered into an
amendment to the agreement with the transfer agent of the Funds, pursuant to
which the transfer agent has agreed to perform all activities, including the
establishment and verification of customer identities as required by Applicable
Law or its Program, with respect to all customers on whose behalf Distributor
maintains an account with the Funds.
Distributor covenants that it will enter into appropriate amendments to
selling or other agreements with financial institutions that establish and
maintain accounts with the Funds on behalf of their customers, pursuant to which
such financial institutions covenant to establish and maintain a Program with
respect to those customers in accordance with Applicable Law.
In all other respects, each Agreement first referenced above shall remain
in full force and effect.
WITNESS the due execution hereof as of the 1st day of October, 2003.
FUNDS
By: /s/ Xxxx X. XxXxxxxxx
Name: Xxxx X. XxXxxxxxx
Title: Executive Vice President
Federated Securities Corp.
By: /s/ Xxxxx X. Xxxx
Name: Xxxxx X. Xxxx
Title: President - Broker/Dealer
