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ADDENDUM TO THE CUSTODIAN AGREEMENT
THIS ADDENDUM TO THE CUSTODIAN AGREEMENT dated August 16, 1979
between IDS High Yield Tax-Exempt Fund, Inc. (the Corporation) and
First Bank National Association (the Custodian) is made pursuant to
Section 12 of the Agreement to reflect the Corporation's
arrangement of investing all of its assets in a master trust.
American Express Financial Corporation (AEFC) serves as
administrator for the Corporation and for the master trust in which
the Corporation invests.
The Corporation, the Custodian and AEFC agree as follows:
The parties to this Agreement acknowledge that, so long as the
Corporation invests all of its assets in a master trust, the only
assets held by the Corporation will be units 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 HIGH YIELD TAX-EXEMPT FUND, INC.
By _/s/ Xxxxxx X. Ogg__________
Xxxxxx X. Xxx
Vice President
FIRST BANK NATIONAL ASSOCIATION
By _/s/ Xxxxxx Spies___________
Xxxxxx Xxxxx
Vice President
AMERICAN EXPRESS FINANCIAL CORPORATION
By _/s/ R W Kling______________
Xxxxxxx X. Xxxxx
Senior Vice President
