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EXHIBIT g(11)
AMENDMENT TO CUSTODIAN CONTRACT
Agreement made by and between State Street Bank and Trust Company (the
"Custodian") and G.T. Investment Funds Inc. (formerly G.T. Global Income
Series, Inc.) (the "Fund").
WHEREAS, the Custodian and the Fund are parties to a custodian
contract dated April 27, 1988 as amended August 17, 1994 (the "Custodian
Contract") governing the terms and conditions under which the Custodian
maintains custody of the securities and other assets of the Fund; and
WHEREAS, the Custodian and the Fund desire to amend the terms and
conditions under which the Custodian maintains the Fund's securities and other
non-cash property in the custody of certain foreign sub-custodians in
conformity with the requirements of Rule 17f-5 under the Investment Company Act
of 1940, as amended;
NOW THEREFORE, in consideration of the premises and covenants
contained herein, the Custodian and the Fund hereby amend the Custodian
Contract by the addition of the following terms and provisions;
1. Notwithstanding any provisions to the contrary set forth in the
Custodian Contract, the Custodian may hold securities and other non-cash
property for all of its customers, including the Fund, with a foreign
sub-custodian in a single account that is identified as belonging to the
Custodian for the benefit of its customers, provided however, that (i) the
records of the Custodian with respect to securities and other non-cash property
of the Fund which are maintained in such account shall identify by book-entry
those securities and other non-cash property belonging to the Fund and (ii) the
Custodian shall require that securities and other non-cash property so held by
the foreign sub-custodian be held separately from any assets of the foreign
sub-custodian or of others.
2. Except as specifically superseded or modified herein, the terms and
provisions of the Custodian Contract shall continue to apply with full force
and effect.
IN WITNESS WHEREOF, each of the parties has caused this instrument to
be executed as a sealed instrument in its name and behalf by its duly
authorized representative this 20th day of June, 1995.
G.T. INVESTMENT FUNDS, INC.
By: /s/ XXXXX XXXXX XXX
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Title: Vice President
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STATE STREET BANK AND TRUST COMPANY
By: [ILLEGIBLE]
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Title: Vice President
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G.T. CAPITAL MANAGEMENT
[G.T. LOGO]
BY FEDERAL EXPRESS
June 20, 1995
Xx. Xxxxxxx X. Xxxxxxxxxx
Vice President
Mutual Fund Services
State Street Bank and Trust Company
0000 Xxxxxxxx Xxxxx
Xxxxx Xxxxxx, XX
Re: Omnibus Accounts
Dear Matt:
Enclosed please find an executed set of Amendments to the Custodian Contracts
for each of the G.T. Global Mutual Fund companies dated June 20, 1995.
I have kept a set of the Amendments for our files.
If you should have any questions, please do not hesitate to call me at
000-000-0000.
Very truly yours,
/s/ XXXXX X. XXXXXXX
Xxxxx X. Xxxxxxx
Assistant General Counsel
enclosures
