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ADDENDUM TO THE CUSTODIAN AGREEMENT
THIS ADDENDUM TO THE CUSTODIAN AGREEMENT dated November 13, 1996
between Strategist World Fund, Inc. (the "Company") on behalf of
its underlying series funds: Strategist Emerging Markets Fund and
Strategist World Technologies Fund (each referred to as the "Fund"
and collectively referred to as the "Funds"); American Express
Trust Company (the "Custodian") and American Express Financial
Corporation ("AEFC") is made pursuant to Section 12 of the
agreement to reflect the Company's arrangement of investing all of
the Funds' assets in corresponding portfolios of a master trust.
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 November
13, 1996 which shall remain in effect until terminated by one of
the parties on written notice to the other parties to this
Addendum.
STRATEGIST WORLD FUND, INC.
Strategist Emerging Markets Fund
Strategist World Technologies Fund
__/s/ Xxxxx X. Mitchell_________
Xxxxx X. Xxxxxxxx
President
AMERICAN EXPRESS TRUST COMPANY
__/s/ Xxxxxxxxxxx X. Patel______
Xxxxxxxxxxx X. Xxxxx
Vice President
AMERICAN EXPRESS FINANCIAL CORPORATION
__/s/ Xxxxxxx X. Hogan__________
Xxxxxxx X. Xxxxx
Vice President
