Common use of TRUST DISCLAIMER Clause in Contracts

TRUST DISCLAIMER. Neither the shareholders, trustees, officers, employees and other agents of any Borrower or Fund shall be personally bound by or liable for any indebtedness, liability or obligation hereunder or under the Note nor shall resort be had to their private property for the satisfaction of any obligation or claim hereunder. If this letter correctly reflects your agreement with us, please execute both copies hereof and return one to us, whereupon this Agreement shall be binding upon the Borrowers, the Funds and the Bank. Sincerely, BANK OF AMERICA, N.A. By: /S/ JOAN L. D'AMICO --------------------- ▇▇tle: Principal --------------- AGREED AND ACCEPTED: USAA MUTUAL FUND, INC., on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement By: /S/ MICHAEL J. C. ROTH ---------------------- ▇▇chael J.C. Roth President ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ TRUST, on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement

TRUST DISCLAIMER. Neither the shareholders, trustees, officers, employees and other agents of any Borrower or Fund shall be personally bound by or liable for any indebtedness, liability or obligation hereunder or under the Note nor shall resort be had to their private property for the satisfaction of any obligation or claim hereunder. If this letter correctly reflects your agreement with us, please execute both copies hereof and return one to us, whereupon this Agreement shall be binding upon the Borrowers, the Funds and the Bank. Sincerely, BANK OF AMERICANATIONSBANK, N.A. By: /S/ JOAN L. D'AMICO --------------------- ------------------------ Joan D'Amico Vice President ▇▇tle: Principal --------------- AGREED ▇▇▇▇ AND ACCEPTED: USAA MUTUAL FUND, INC., on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement By: /S/ MICHAEL J. C. J.C. ROTH ---------------------- ▇▇chael ------------------------ Michael J.C. Roth President ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ T TRUST, on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement

TRUST DISCLAIMER. Neither the shareholders, trustees, officers, employees and other agents of any Borrower or Fund shall be personally bound by or liable for any indebtedness, liability or obligation hereunder or under the Note nor shall resort be had to their private property for the satisfaction of any obligation or claim hereunder. If this letter correctly reflects your agreement with us, please execute both copies hereof and return one to us, whereupon this Agreement shall be binding upon the Borrowers, the Funds and the Bank. Sincerely, BANK OF AMERICA, N.A. By: /S/ JOAN L. D'AMICO --------------------- ▇▇tleTitle: Principal --------------- AGREED AND ACCEPTED: USAA MUTUAL FUND, INC., on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement By: /S/ MICHAEL J. C. ROTH ---------------------- ▇▇chael J.C. Roth President ▇U▇▇▇ ▇▇▇▇▇▇▇▇▇▇ TRUST▇RUST, on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement

TRUST DISCLAIMER. Neither the shareholders, trustees, officers, employees and other agents of any Borrower or Fund shall be personally bound by or liable for any indebtedness, liability or obligation hereunder or under the Note nor shall resort be had to their private property for the satisfaction of any obligation or claim hereunder. If this letter correctly reflects your agreement with us, please execute both copies hereof and return one to us, whereupon this Agreement shall be binding upon the Borrowers, the Funds and the BankCAPCO. Sincerely, BANK OF AMERICA, N.A. USAA CAPITAL CORPORATION By: /S/ JOAN L. D'AMICO --------------------- ▇▇tle: Principal --------------- ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ------------------------ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Vice President-Treasurer AGREED AND ACCEPTED: ACCEPTED this 11th Day of January, 2000. USAA MUTUAL FUND, INC., on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement By: /S/ MICHAEL J. C. ROTH ---------------------- ▇▇chael J.C. Roth President ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ ----------------------- ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ President 10 90650 USAA INVESTMENT TRUST, on behalf of and for the benefit of its series of Funds as set forth on Schedule A to this Agreement