Exhibit 3
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May , 2002
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Union Planters Bank, N.A.
0000 Xxxxx Xxxxx
Xxxxxxxxxx, XX 00000
Attn: Institutional Custody Services
Re: Custodian Agreement dated August 31, 2000 by and between
LEADER Mutual Funds (formerly "Magna Funds") and Union
Planters Bank, N.A. (the "Agreement")
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Ladies and Gentlemen:
LEADER Mutual Funds (the "Trust") hereby notifies you that it has
established an additional series of shares, namely, the "LEADER Growth Equity
Fund" (the "New Fund"). The Trust desires that you serve as custodian of the
assets of the New Fund under the terms of the Agreement.
If you agree to so serve as custodian for the New Fund, kindly sign and
return to the Trust the enclosed counterpart hereof, whereupon the New Fund
shall be deemed a "Fund" under the Agreement, including Exhibit A thereto. This
letter agreement shall constitute an amendment to the Agreement and, as such, a
binding agreement between the Trust and you in accordance with its terms.
Very truly yours,
LEADER MUTUAL FUNDS
By
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Name:
Title:
The foregoing is hereby accepted and agreed:
UNION PLANTERS BANK, N.A.
By
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Name:
Title:
