0000837274-95-000008 Sample Contracts

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Amendment to Custody Agreement The Bank of America, N.T. & S.A. ("Custodian") and Franklin Valuemark Funds ("Trust"), a Massachussetts business trust, hereby amend their Custody Agreement of September 17, 1991, as amended April 12, 1994 ("Agreement"),...
Custody Agreement • October 27th, 1995 • Franklin Valuemark Funds

The Bank of America, N.T. & S.A. ("Custodian") and Franklin Valuemark Funds ("Trust"), a Massachussetts business trust, hereby amend their Custody Agreement of September 17, 1991, as amended April 12, 1994 ("Agreement"), to provide that the Custodian shall also be retained as custodian of the Small Cap Fund, a new series of the Trust, pursuant to the terms and conditions of the Agreement. The Custodian shall continue in its present capacity as custodian for all series of the Trust.

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