AMENDMENT TO SCHEDULE C
OF THE
CUSTODIAN AGREEMENT
PORTFOLIOS OF PBHG INSURANCE SERIES FUND (the "Trust")
This Schedule C to the Custodian Agreement (the "Agreement") dated
February 26, 2002, by and between First Union National Bank and the Trust, is
amended as of the ___day of _____ to add the PBHG Stable Value Portfolio to the
Agreement:
PBHG Growth II Portfolio
PBHG Select 20 Portfolio
PBHG Large Cap Growth Portfolio
PBHG Technology & Communications Portfolio
PBHG Select Value Portfolio
(formerly, PBHG Large Cap Value Portfolio)
PBHG Small Cap Value Portfolio
PBHG Mid-Cap Value Portfolio
PBHG Small Cap Growth Portfolio
PBHG Stable Value Portfolio
Date: __________, 2002
PBHG Insurance Series Fund First Union National Bank
By:______________________________ By:_____________________________
Title: Title:
