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ADDENDUM TO THE CUSTODIAN AGREEMENT
THIS ADDENDUM TO THE CUSTODIAN AGREEMENT dated March 20, 1995
between IDS Investment Series, Inc. (the Corporation) on behalf of
its underlying series funds (the Funds) and American Express Trust
Company (the Custodian) is made pursuant to Section 12 of the
Agreement to reflect the Corporation's arrangement of investing all
of the Funds' assets in corresponding portfolios of a master trust.
American Express Financial Corporation (AEFC) serves as
administrator for the Corporation and for the master trust in which
the Funds invest.
The Corporation, the Custodian and AEFC agree as follows:
The parties to this Agreement acknowledge that, so long as the
Funds invest all of their assets in corresponding portfolios of a
master trust, the only assets held by the Funds will be units of
the corresponding portfolios of the master trust. The parties
agree that the Custodian is entitled to rely upon AEFC for an
accounting of the number of units held, purchased or redeemed by
the Corporation and to delegate to AEFC responsibility for all
reporting to the Corporation. AEFC agrees to indemnify and hold
harmless the Custodian from all claims and liabilities incurred or
assessed against the Custodian in connection with the accounting
for and reporting to the Corporation by AEFC.
IN WITNESS WHEREOF, the Corporation, the Custodian and AEFC have
caused this addendum to the Custodian Agreement to be executed on
May 13, 1996 which shall remain in effect until terminated by one
of the parties on written notice to the other parties to this
Addendum.
IDS INVESTMENT SERIES, INC.
IDS Diversified Equity Income Fund
IDS Mutual
By /s/ ▇▇▇▇▇▇ ▇. ▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇
Vice President
AMERICAN EXPRESS TRUST COMPANY
By /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Vice President
AMERICAN EXPRESS FINANCIAL CORPORATION
By /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Senior Vice President
