Common use of Assets to be Held Clause in Contracts

Assets to be Held. The Sub-Custodian shall limit the securities and other assets maintained in the custody of the foreign sub-Sub-Custodians to: (a) "foreign securities", as defined in paragraph (c)(1) of Rule 17f-5 under the Investment Company Act of 1940, and (b) cash and cash equivalents in such amounts as the Sub-Custodian or the Fund may determine to be reasonably necessary to effect the Portfolio's foreign securities transactions. The Sub-Custodian shall identify on its books as belonging to the Fund, the foreign securities of the Fund held by each foreign sub-sub-custodian.

Assets to be Held. The Sub-Custodian shall limit the securities and other assets maintained in the custody of the foreign sub-Sub-Custodians subcustodians to: (a) "foreign securities", as defined in paragraph (c)(1) of Rule 17f-5 under the Investment Company Act of 1940, and (b) cash and cash equivalents in such amounts as the Sub-Custodian or the Fund Corporation may determine to be reasonably necessary to effect the PortfolioFund's foreign securities transactions. The Sub-Custodian shall identify on its books as belonging to the Fund, the foreign securities of the Fund held by each foreign sub-sub-custodiansubcustodian.

Assets to be Held. The Sub-Custodian shall limit the securities and ----------------- other assets maintained in the custody of the foreign sub-Sub-Custodians to: (a) "foreign securities", as defined in paragraph (c)(1) of Rule 17f-5 under the Investment Company Act of 1940, and (b) cash and cash equivalents in such amounts as the Sub-Custodian or the Fund may determine to be reasonably necessary to effect the Portfolio's foreign securities transactions. The Sub-Custodian shall identify on its books as belonging to the Fund, the foreign securities of the Fund held by each foreign sub-sub- sub-custodian.