0000950172-98-000605 Sample Contracts

CUSTODIAN CONTRACT Between CENTRAL INVESTMENT FUND, INC. and COMERICA BANK
Custodian Contract • June 19th, 1998 • Central Investment Fund Inc • New York
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CENTRAL INVESTMENT FUND, INC. By: /s/ James A. McIntosh -------------------------- James A. McIntosh Its: President 411 West Lafayette Detroit, Michigan 48226
Investment Management Agreement • June 19th, 1998 • Central Investment Fund Inc • Michigan

INVESTMENT MANAGEMENT AGREEMENT Date: March 24, 1998 Account No. Investment advisory agreement by and between Central Investment Fund, Inc. (the Client), and World Asset Management. The Client, being duly authorized, hereby employs World Asset Management to provide investment advisory services for an Investment Management Account (Account), to be established on behalf of the Client in accordance with the following terms and conditions described herein: 1. Authority. World Asset Management will have the following power and authority with respect to the Account. World Asset Management shall have discretion to supervise, manage and direct the assets in the Account other than any shares of common stock of Select Asset Fund, Series 1, Inc. ("SAF 1") and, as agent and attorney-in-fact with full power and authority on behalf of the Client, in accordance with the objectives, policies and restrictions set forth in Client's registration statement on Form N-2 as amended from time to time or as se

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