EXHIBIT 8.9
March __, 1996
▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ Mutual Funds
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PNC Bank, National Association
Airport Business Center
International Court ▇
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Ladies and Gentlemen:
Reference is made to the Custodian Services Agreement between us dated
as of April 1, 1993 (the "Agreement").
Pursuant to Section 2 of the Agreement, we wish to add the following
Portfolio to the Agreement: Value Institutional Portfolio.
Please indicate your acceptance of this addition by signing the letter
below and returning a copy to us. Thank you for your assistance regarding this
matter.
Very truly yours,
▇. ▇▇▇▇▇ ▇▇▇▇▇, ▇▇.
Secretary
APPOINTMENT ACCEPTED:
PNC BANK, NATIONAL ASSOCIATION
By:
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Title:
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