AMENDMENT TO THE
CUSTODIAL CONTRACT
AGREEMENT made this 11th day of January, 1990 by and between STATE STREET
BANK AND TRUST COMPANY ("Custodian") and LBVIP SERIES FUND, INC. (the
"Fund").
WITNESSETH THAT:
WHEREAS, the Custodian and the Fund are parties to a Custodian Contract
dated December 2, 1986, (as amended to date, the "Contract") which governs
the terms and conditions under which the Custodian maintains custody of the
securities and assets of the Fund:
NOW THEREFORE, the Custodian and the Fund hereby amend the terms of the
Custodian Contract and mutually agree to the following:
Replace subsection 7 of Section 2.2 DELIVERY OF SECURITIES with the
following new subsection 7:
7) Upon the sale of such securities for the account of the Fund, to the
broker or its clearing agent, against a receipt, for examination in
accordance with "street delivery" custom; the Custodian shall have no
responsibility or liability for any loss arising from the delivery of such
securities prior to receiving payment for such securities except as may
arise from the Custodian's own negligence or willful misconduct;
IN WITNESS WHEREOF, each of the parties has caused this Amendment to be
executed in its name and on its behalf by a duly authorized officer as of
the day and year first above written.
ATTEST LBVIP SERIES FUND, INC.
/s/ Xxxxx X. Xxxxxx /s/ Xxxx X. Xxxxxxx
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Xxxxx X. Xxxxxx, Asst. Secretary Xxxx X. Xxxxxxx, Secretary
ATTEST STATE STREET BANK AND TRUST COMPANY
/s/ X. XxXxxxxx /s/ Xxx X. Xxxxxxxx
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Assistant Secretary Vice President
exhib8d
