0001047469-99-007474 Sample Contracts

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GLOBAL CUSTODY AGREEMENT Amendment No. 1
Global Custody Agreement • February 26th, 1999 • Galaxy Vip Fund

This letter is to confirm that the undersigned, The Galaxy VIP Fund (the "Trust"), a Massachusetts business trust, has agreed that the Global Custody Agreement ("Agreement") between the Trust and The Chase Manhattan Bank (formerly The Chase Manhattan Bank, N.A.) ("Chase") dated as of November 13, 1992, is herewith amended to provide that Chase shall be the custodian for the Trust's Growth and Income Fund, Small Company Growth Fund, Columbia Real Estate Equity Fund II and Columbia High Yield Fund II on the terms and conditions contained in the Agreement.

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