GLOBAL CUSTODY AGREEMENT



	This AGREEMENT is effective ___________________, 199_, and is between 
THE CHASE MANHATTAN BANK ("Bank") and                                         
                                                                              
                                                                              
("Customer").


1.	Customer Accounts.

	Bank shall establish and maintain the following accounts ("Accounts"):

	(a)	A custody account in the name of Customer  ("Custody Account") for 
any and all stocks, shares, bonds, debentures, notes, mortgages or other 
obligations for the payment of money, bullion, coin and any certificates, 
receipts, warrants or other instruments representing rights to receive, 
purchase or subscribe for the same or evidencing or representing any other 
rights or interests therein and other similar property whether certificated or 
uncertificated as may be received by Bank or its Subcustodian (as defined in 
Section 3) for the account of Customer ("Securities"); and

	(b)	A deposit account in the name of Customer ("Deposit Account") for 
any and all cash in any currency received by Bank or its Subcustodian for the 
account of Customer, which cash shall not be subject to withdrawal by draft or 
check.

	Customer warrants its authority to: 1) deposit the cash and Securities 
("Assets") received in the Accounts and 2) give Instructions (as defined in 
Section 11) concerning the Accounts.  Bank may deliver securities of the same 
class in place of those deposited in the Custody Account.

	Upon written agreement between Bank and Customer, additional Accounts 
may be established and separately accounted for as additional Accounts 
hereunder.

2.	Maintenance of Securities and Cash at Bank and Subcustodian Locations.

	Unless Instructions specifically require another location acceptable to 
Bank:

	(a)	Securities shall be held in the country or other jurisdiction in 
which the principal trading market for such Securities is located, where such 
Securities are to be presented for payment or where such Securities are 
acquired; and

	(b)	Cash shall be credited to an account in a country or other 
jurisdiction in which such cash may be legally deposited or is the legal 
currency for the payment of public or private debts.

	Cash may be held pursuant to Instructions in either interest or 
non-interest bearing accounts as may be available for the particular currency. 
 To the extent Instructions are issued and Bank can comply with such 
Instructions, Bank is authorized to maintain cash balances on deposit for 
Customer with itself or one of its Affiliates at such reasonable rates of 
interest as may from time to time be paid on such accounts, or in non-interest 
bearing accounts as Customer may direct, if acceptable to Bank.  For purposes 
hereof, the term Affiliate shall mean an entity controlling, controlled by, 
or under common control with, Bank.

	If Customer wishes to have any of its Assets held in the custody of an 
institution other than the established Subcustodians as defined in Section 3 
(or their securities depositories), such arrangement must be authorized by a 
written agreement, signed by Bank and Customer.

3.	Subcustodians and Securities Depositories.

	Bank may act hereunder through the subcustodians listed in Schedule A 
hereof with which Bank has entered into subcustodial agreements 
("Subcustodians").  Customer authorizes Bank to hold Assets in the Accounts in 
accounts which Bank has established with one or more of its branches or 
Subcustodians.  Bank and Subcustodians are authorized to hold any of the 
Securities in their account with any securities depository in which they 
participate.

	Bank reserves the right to add new, replace or remove Subcustodians.  
Customer shall be given reasonable notice by Bank of any amendment to Schedule 
A.  Upon request by Customer, Bank shall identify the name, address and 
principal place of business of any Subcustodian of Customer's Assets and the 
name and address of the governmental agency or other regulatory authority that 
supervises or regulates such Subcustodian.

4.	Use of Subcustodian.

	(a)	Bank shall identify the Assets on its books as belonging to 
Customer.

	(b)	A Subcustodian shall hold such Assets together with assets 
belonging to other customers of Bank in accounts identified on such 
Subcustodian's books as custody accounts for the exclusive benefit of 
customers of Bank.

	(c)	Any Assets in the Accounts held by a Subcustodian shall be subject 
only to the instructions of Bank or its agent.  Any Securities held in a 
securities depository for the account of a Subcustodian shall be subject only 
to the instructions of such Subcustodian.

	(d)	Any agreement Bank enters into with a Subcustodian for holding 
Bank's customers' assets shall provide that such assets shall not be subject 
to any right, charge, security interest, lien or claim of any kind in favor of 
such Subcustodian except for safe custody or administration, and that the 
beneficial ownership of such assets shall be freely transferable without the 
payment of money or value other than for safe custody or administration.  The 
foregoing shall not apply to the extent of any special agreement or 
arrangement made by Customer with any particular Subcustodian.

5.	Deposit Account Transactions.

	(a)	Bank or its Subcustodians shall make payments from the Deposit 
Account upon receipt of Instructions which include all information required by 
Bank.

	(b)	In the event that any payment to be made under this Section 5 
exceeds the funds available in the Deposit Account, Bank, in its discretion, 
may advance Customer such excess amount which shall be deemed a loan payable 
on demand, bearing interest at the rate customarily charged by Bank on similar 
loans.

	(c)	If Bank credits the Deposit Account on a payable date, or at any 
time prior to actual collection and reconciliation to the Deposit Account, 
with interest, dividends, redemptions or any other amount due, Customer shall 
promptly return any such amount upon oral or written notification: (i) that 
such amount has not been received in the ordinary course of business or (ii) 
that such amount was incorrectly credited.  If Customer does not promptly 
return any amount upon such notification, Bank shall be entitled, upon oral or 
written notification to Customer, to reverse such credit by debiting the 
Deposit Account for the amount previously credited.  Bank or its Subcustodian 
shall have no duty or obligation to institute legal proceedings, file a claim 
or a proof of claim in any insolvency proceeding or take any other action with 
respect to the collection of such amount, but may act for Customer upon 
Instructions after consultation with Customer.

6.	Custody Account Transactions.

	(a)	Securities shall be transferred, exchanged or delivered by Bank or 
its Subcustodian upon receipt by Bank of Instructions which include all 
information required by Bank.  Settlement and payment for Securities received 
for, and delivery of Securities out of, the Custody Account may be made in 
accordance with the customary or established securities trading or securities 
processing practices and procedures in the jurisdiction or market in which the 
transaction occurs, including, without limitation, delivery of Securities to a 
purchaser, dealer or their agents against a receipt with the expectation of 
receiving later payment and free delivery.  Delivery of Securities out of the 
Custody Account may also be made in any manner specifically required by 
Instructions acceptable to Bank.

	(b)	Bank, in its discretion, may credit or debit the Accounts on a 
contractual settlement date with cash or Securities with respect to any sale, 
exchange or purchase of Securities.  Otherwise, such transactions shall be 
credited or debited to the Accounts on the date cash or Securities are 
actually received by Bank and reconciled to the Account.

	(i)	Bank may reverse credits or debits made to the Accounts in 
its discretion if the related transaction fails to settle within a 
reasonable period, determined by Bank in its discretion, after the 
contractual settlement date for the related transaction.

	(ii)	If any Securities delivered pursuant to this Section 6 are 
returned by the recipient thereof, Bank may reverse the credits and 
debits of the particular transaction at any time.

7.	Actions of Bank.

	Bank shall follow Instructions received regarding assets held in the 
Accounts.  However, until it receives Instructions to the contrary, Bank 
shall:

	(i)	Present for payment any Securities which are called, 
redeemed or retired or otherwise become payable and all coupons and 
other income items which call for payment upon presentation, to the 
extent that Bank or Subcustodian is actually aware of such 
opportunities.

	(ii)	Execute in the name of Customer such ownership and other 
certificates as may be required to obtain payments in respect of 
Securities.

	(iii)	Exchange interim receipts or temporary Securities for 
definitive Securities.

	(iv)	Appoint brokers and agents for any transaction involving the 
Securities, including, without limitation, Affiliates of Bank or any 
Subcustodian.

	(v)	Issue statements to Customer, at times mutually agreed upon, 
identifying the Assets in the Accounts.

	Bank shall send Customer an advice or notification of any transfers of 
Assets to or from the Accounts.  Such statements, advices or notifications 
shall indicate the identity of the entity having custody of the Assets.  
Unless Customer sends Bank a written exception or objection to any Bank 
statement within sixty (60) days of receipt, Customer shall be deemed to have 
approved such statement. In such event, or where Customer has otherwise 
approved any such statement, Bank shall, to the extent permitted by law, be 
released, relieved and discharged with respect to all matters set forth in 
such statement or reasonably implied therefrom as though it had been settled 
by the decree of a court of competent jurisdiction in an action where Customer 
and all persons having or claiming an interest in Customer or Customer's 
Accounts were parties.

	All collections of funds or other property paid or distributed in 
respect of Securities in the Custody Account shall be made at the risk of 
Customer.  Bank shall have no liability for any loss occasioned by delay in 
the actual receipt of notice by Bank or by its Subcustodians of any payment, 
redemption or other transaction regarding Securities in the Custody Account in 
respect of which Bank has agreed to take any action hereunder.

8.	Corporate Actions; Proxies; Tax Reclaims.

	(a)	Corporate Actions.  Whenever Bank receives information concerning 
the Securities which requires discretionary action by the beneficial owner of 
the Securities (other than a proxy), such as subscription rights, bonus 
issues, stock repurchase plans and rights offerings, or legal notices or other 
material intended to be transmitted to securities holders ("Corporate 
Actions"), Bank shall give Customer notice of such Corporate Actions to the 
extent that Bank's central corporate actions department has actual knowledge 
of a Corporate Action in time to notify its customers.

	When a rights entitlement or a fractional interest resulting from a 
rights issue, stock dividend, stock split or similar Corporate Action is 
received which bears an expiration date, Bank shall endeavor to obtain 
Instructions from Customer or its Authorized Person, but if Instructions are 
not received in time for Bank to take timely action, or actual notice of such 
Corporate Action was received too late to seek Instructions, Bank is 
authorized to sell such rights entitlement or fractional interest and to 
credit the Deposit Account with the proceeds or take any other action it 
deems, in good faith, to be appropriate in which case it shall be held 
harmless for any such action.

	(b)	Proxy Voting. Bank shall provide proxy voting services, if elected 
by Customer, in accordance with the terms of the proxy voting services rider 
hereto.  Proxy voting services may be provided by Bank or, in whole or in 
part, by one or more third parties appointed by Bank (which may be Affiliates 
of Bank).

	(c)	Tax Reclaims.

	(i)	Subject to the provisions hereof, Bank shall apply for a 
reduction of withholding tax and any refund of any tax paid or tax 
credits which apply in each applicable market in respect of income 
payments on Securities for the benefit of Customer which Bank believes 
may be available to such Customer.

	(ii)	The provision of tax reclaim services by Bank is conditional 
upon Bank receiving from the beneficial owner of Securities (A) a 
declaration of its identity and place of residence and (B) certain other 
documentation (pro forma copies of which are available from Bank).  
Customer acknowledges that, if Bank does not receive such declarations, 
documentation and information, additional United Kingdom taxation shall 
be deducted from all income received in respect of Securities issued 
outside the United Kingdom and that U.S. non-resident alien tax or U.S. 
backup withholding tax shall be deducted from U.S. source income.  
Customer shall provide to Bank such documentation and information as it 
may require in connection with taxation, and warrants that, when given, 
this information shall be true and correct in every respect, not 
misleading in any way, and contain all material information.  Customer 
undertakes to notify Bank immediately if any such information requires 
updating or amendment.

	(iii)	Bank shall not be liable to Customer or any third party for 
any tax, fines or penalties payable by Bank or Customer, and shall be 
indemnified accordingly, whether these result from the inaccurate 
completion of documents by Customer or any third party, or as a result 
of the provision to Bank or any third party of inaccurate or misleading 
information or the withholding of material information by Customer or 
any other third party, or as a result of any delay of any revenue 
authority or any other matter beyond the control of Bank.

	(iv)	Customer confirms that Bank is authorized to deduct from any 
cash received or credited to the Deposit Account any taxes or levies 
required by any revenue or governmental authority for whatever reason in 
respect of the Securities or Cash Accounts.

	(v)	Bank shall perform tax reclaim services only with respect to 
taxation levied by the revenue authorities of the countries notified to 
Customer from time to time and Bank may, by notification in writing, at 
its absolute discretion, supplement or amend the markets in which the 
tax reclaim services are offered.  Other than as expressly provided in 
this sub-clause, Bank shall have no responsibility with regard to 
Customer's tax position or status in any jurisdiction.

	(vi)	Customer confirms that Bank is authorized to disclose any 
information requested by any revenue authority or any governmental body 
in relation to Customer or the Securities and/or Cash held for Customer.

	(vii)	Tax reclaim services may be provided by Bank or, in whole or 
in part, by one or more third parties appointed by Bank (which may be 
Affiliates of Bank); provided that Bank shall be liable for the 
performance of any such third party to the same extent as Bank would 
have been if it performed such services itself.

9.	Nominees.

	Securities which are ordinarily held in registered form may be 
registered in a nominee name of Bank, Subcustodian or securities depository, 
as the case may be.  Bank may without notice to Customer cause any such 
Securities to cease to be registered in the name of any such nominee and to be 
registered in the name of Customer.  In the event that any Securities 
registered in a nominee name are called for partial redemption by the issuer, 
Bank may allot the called portion to the respective beneficial holders of such 
class of security in any manner Bank deems to be fair and equitable.  Customer 
shall hold Bank, Subcustodians, and their respective nominees harmless from 
any liability arising directly or indirectly from their status as a mere 
record holder of Securities in the Custody Account.

10.	Authorized Persons.

	As used herein, the term "Authorized Person" means employees or agents 
including investment managers as have been designated by written notice from 
Customer or its designated agent to act on behalf of Customer hereunder.  Such 
persons shall continue to be Authorized Persons until such time as Bank 
receives Instructions from Customer or its designated agent that any such 
employee or agent is no longer an Authorized Person.

11.	Instructions.

	The term "Instructions" means instructions of any Authorized Person 
received by Bank, via telephone, telex, facsimile transmission, bank wire or 
other teleprocess or electronic instruction or trade information system 
acceptable to Bank which Bank believes in good faith to have been given by 
Authorized Persons or which are transmitted with proper testing or 
authentication pursuant to terms and conditions which Bank may specify.  
Unless otherwise expressly provided, all Instructions shall continue in full 
force and effect until canceled or superseded.

	Any Instructions delivered to Bank by telephone shall promptly 
thereafter be confirmed in writing by an Authorized Person (which confirmation 
may bear the facsimile signature of such Person), but Customer shall hold Bank 
harmless for the failure of an Authorized Person to send such confirmation in 
writing, the failure of such confirmation to conform to the telephone 
instructions received or Bank's failure to produce such confirmation at any 
subsequent time.  Bank may electronically record any Instructions given by 
telephone, and any other telephone discussions with respect to the Custody 
Account.  Customer shall be responsible for safeguarding any testkeys, 
identification codes or other security devices which Bank shall make available 
to Customer or its Authorized Persons.

12.	Standard of Care; Liabilities.

	(a)	Bank shall be responsible for the performance of only such duties 
as are set forth herein or expressly contained in Instructions which are 
consistent with the provisions hereof as follows:

	(i)	Bank shall use reasonable care with respect to its 
obligations hereunder and the safekeeping of Assets.  Bank shall be 
liable to Customer for any loss which shall occur as the result of the 
failure of a Subcustodian to exercise reasonable care with respect to 
the safekeeping of such Assets to the same extent that Bank would be 
liable to Customer if Bank were holding such Assets in New York.  In the 
event of any loss to Customer by reason of the failure of Bank or its 
Subcustodian to utilize reasonable care, Bank shall be liable to 
Customer only to the extent of Customer's direct damages, to be 
determined based on the market value of the property which is the 
subject of the loss at the date of discovery of such loss and without 
reference to any special conditions or circumstances.  Bank shall have 
no liability whatsoever for any consequential, special, indirect or 
speculative loss or damages (including, but not limited to, lost 
profits) suffered by Customer in connection with the transactions 
contemplated hereby and the relationship established hereby even if Bank 
has been advised as to the possibility of the same and regardless of the 
form of the action.  Bank shall not be responsible for the insolvency of 
any Subcustodian which is not a branch or Affiliate of Bank.

	(ii)	Bank shall not be responsible for any act, omission, default 
or the solvency of any broker or agent which it or a Subcustodian 
appoints unless such appointment was made negligently or in bad faith.

	(iii)	 Bank shall be indemnified by, and without liability to 
Customer for any action taken or omitted by Bank whether pursuant to 
Instructions or otherwise within the scope hereof if such act or 
omission was in good faith, without negligence.  In performing its 
obligations hereunder, Bank may rely on the genuineness of any document 
which it believes in good faith to have been validly executed.

	(iv)	Customer shall pay for and hold Bank harmless from any 
liability or loss resulting from the imposition or assessment of any 
taxes or other governmental charges, and any related expenses with 
respect to income from or Assets in the Accounts.

	(v)	Bank shall be entitled to rely, and may act, upon the advice 
of counsel (who may be counsel for Customer) on all matters and shall be 
without liability for any action reasonably taken or omitted pursuant to 
such advice.

	(vi)	Bank need not maintain any insurance for the benefit of 
Customer.

	(vii)	Without limiting the foregoing, Bank shall not be liable for 
any loss which results from:  1) the general risk of investing, or 2) 
investing or holding Assets in a particular country including, but not 
limited to, losses resulting from malfunction, interruption of or error 
in the transmission of information caused by any machines or system or 
interruption of communication facilities, abnormal operating conditions, 
nationalization, expropriation or other governmental actions; regulation 
of the banking or securities industry; currency restrictions, 
devaluations or fluctuations; and market conditions which prevent the 
orderly execution of securities transactions or affect the value of 
Assets.

	(viii)	Neither party shall be liable to the other for any 
loss due to forces beyond their control including, but not limited to 
strikes or work stoppages, acts of war (whether declared or undeclared) 
or terrorism, insurrection, revolution, nuclear fusion, fission or 
radiation, or acts of God.

	(b)	Consistent with and without limiting the first paragraph of this 
Section 12, it is specifically acknowledged that Bank shall have no duty or 
responsibility to:

	(i)	question Instructions or make any suggestions to Customer or 
an Authorized Person regarding such Instructions;

	(ii)	supervise or make recommendations with respect to 
investments or the retention of Securities;

	(iii)	advise Customer or an Authorized Person regarding any 
default in the payment of principal or income of any security other than 
as provided in Section 5(c) hereof;

	(iv)	evaluate or report to Customer or an Authorized Person 
regarding the financial condition of any broker, agent or other party to 
which Securities are delivered or payments are made pursuant hereto; and

	(v)	review or reconcile trade confirmations received from 
brokers.  Customer or its Authorized Persons (as defined in Section 10) 
issuing Instructions shall bear any responsibility to review such 
confirmations against Instructions issued to and statements issued by 
Bank.

	(c)	Customer authorizes Bank to act hereunder notwithstanding that 
Bank or any of its divisions or Affiliates may have a material interest in a 
transaction, or circumstances are such that Bank may have a potential conflict 
of duty or interest including the fact that Bank or any of its Affiliates may 
provide brokerage services to other customers, act as financial advisor to the 
issuer of Securities, act as a lender to the issuer of Securities, act in the 
same transaction as agent for more than one customer, have a material interest 
in the issue of Securities, or earn profits from any of the activities listed 
herein.

13.	Fees and Expenses.

	Customer shall pay Bank for its services hereunder the fees set forth in 
Schedule B hereto or such other amounts as may be agreed upon in writing, 
together with Bank's reasonable out-of-pocket or incidental expenses, 
including, but not limited to, legal fees.  Bank shall have a lien on and is 
authorized to charge any Accounts of Customer for any amount owing to Bank 
under any provision hereof

14.	Miscellaneous.

	(a)	Foreign Exchange Transactions.  To facilitate the administration 
of Customer's trading and investment activity, Bank is authorized to enter 
into spot or forward foreign exchange contracts with Customer or an Authorized 
Person for Customer and may also provide foreign exchange through its 
subsidiaries, Affiliates or Subcustodians.  Instructions, including standing 
instructions, may be issued with respect to such contracts but Bank may 
establish rules or limitations concerning any foreign exchange facility made 
available.  In all cases where Bank, its subsidiaries, Affiliates or 
Subcustodians enter into a foreign exchange contract related to Accounts, the 
terms and conditions of the then current foreign exchange contract of Bank, 
its subsidiary, Affiliate or Subcustodian and, to the extent not inconsistent, 
this Agreement shall apply to such transaction.


	(b)	Certification of Residency, etc.  Customer certifies that it is a 
resident of the United States and shall notify Bank of any changes in 
residency.  Bank may rely upon this certification or the certification of such 
other facts as may be required to administer Bank's obligations hereunder.  
Customer shall indemnify Bank against all losses, liability, claims or demands 
arising directly or indirectly from any such certifications.

	(c)	Access to Records.  Bank shall allow Customer's independent public 
accountant reasonable access to the records of Bank relating to the Assets as 
is required in connection with their examination of books and records 
pertaining to Customer's affairs.  Subject to restrictions under applicable 
law, Bank shall also obtain an undertaking to permit Customer's independent 
public accountants reasonable access to the records of any Subcustodian which 
has physical possession of any Assets as may be required in connection with 
the examination of Customer's books and records.

	(d)	Governing Law; Successors and Assigns, Captions  THIS AGREEMENT 
SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO 
AGREEMENTS MADE AND TO BE PERFORMED IN NEW YORK and shall not be assignable by 
either party, but shall bind the successors in interest of Customer and Bank. 
 The captions given to the sections and subsections of this Agreement are for 
convenience of reference only and are not to be used to interpret this 
Agreement.

	(e)	Entire Agreement; Applicable Riders.  Customer represents that the 
Assets deposited in the Accounts are (Check one):

	       Employee Benefit Plan or other assets subject to the Employee 
Retirement Income Security Act of 1974, as amended ("ERISA");

	       Investment Company assets subject to certain U.S. Securities and 
Exchange Commission rules
	and regulations;

	       Neither of the above.

	This Agreement consists exclusively of this document together with 
Schedules A and B, Exhibits I - _______ and the following Rider(s) 
[Check applicable rider(s)]:

	       ERISA

	       INVESTMENT COMPANY

	__    PROXY VOTING

	       SPECIAL TERMS AND CONDITIONS

	There are no other provisions hereof and this Agreement supersedes any 
other agreements, whether written or oral, between the parties.  Any amendment 
hereto must be in writing, executed by both parties.

	(f)	Severability.  In the event that one or more provisions hereof are 
held invalid, illegal or unenforceable in any respect on the basis of any 
particular circumstances or in any jurisdiction, the validity, legality and 
enforceability of such provision or provisions under other circumstances or in 
other jurisdictions and of the remaining provisions shall not in any way be 
affected or impaired.

	(g)	Waiver.  Except as otherwise provided herein, no failure or delay 
on the part of either party in exercising any power or right hereunder 
operates as a waiver, nor does any single or partial exercise of any power or 
right preclude any other or further exercise, or the exercise of any other 
power or right.  No waiver by a party of any provision hereof, or waiver of 
any breach or default, is effective unless in writing and signed by the party 
against whom the waiver is to be enforced.

	(h) 	Representations and Warranties.  (i) Customer hereby represents 
and warrants to Bank that: (A) it has full authority and power to deposit and 
control the Securities and cash deposited in the Accounts; (B) it has all 
necessary authority to use Bank as its custodian; (C) this Agreement is its 
legal, valid and binding obligation, enforceable in accordance with its 
terms; (D) it shall have full authority and power to borrow moneys and enter 
into foreign exchange transactions; and (E) it has not relied on any oral or 
written representation made by Bank or any person on its behalf, and 
acknowledges that this Agreement sets out to the fullest extent the duties of 
Bank.  (ii) Bank hereby represents and warrants to Customer that: (A) it has 
the power and authority to perform its obligations hereunder, (B) this 
Agreement constitutes a legal, valid and binding obligation on it; 
enforceable in accordance with its terms; and (C) that it has taken all 
necessary action to authorize the execution and delivery hereof.

	(i)	Notices.  All notices hereunder shall be effective when actually 
received.  Any notices or other communications which may be required 
hereunder are to be sent to the parties at the following addresses or such 
other addresses as may subsequently be given to the other party in writing: 
(a) Bank: The Chase Manhattan Bank, 4 Chase MetroTech Center, Brooklyn, NY  
11245, Attention:  Global Custody Division; and  (b) Customer:               
                                               ,                             
                                   ,                                         
                       

	(j)	Termination.  This Agreement may be terminated by Customer or Bank 
by giving sixty (60) days written notice to the other, provided that such 
notice to Bank shall specify the names of the persons to whom Bank shall 
deliver the Assets in the Accounts.  If notice of termination is given by 
Bank, Customer shall, within sixty (60) days following receipt of the notice, 
deliver to Bank Instructions specifying the names of the persons to whom Bank 
shall deliver the Assets.  In either case Bank shall deliver the Assets to the 
persons so specified, after deducting any amounts which Bank determines in 
good faith to be owed to it under Section 13.  If within sixty (60) days 
following receipt of a notice of termination by Bank, Bank does not receive 
Instructions from Customer specifying the names of the persons to whom Bank 
shall deliver the Assets, Bank, at its election, may deliver the Assets to a 
bank or trust company doing business in the State of New York to be held and 
disposed of pursuant to the provisions hereof, or to Authorized Persons, or 
may continue to hold the Assets until Instructions are provided to Bank.

	(k)	Money Laundering.  Customer warrants and undertakes to Bank for 
itself and its agents that all Customer's customers are properly identified in 
accordance with U.S. Money Laundering Regulations as in effect from time to 
time.

	(l)	Imputation of certain information.  Bank shall not be held 
responsible for and shall not be required to have regard to information held 
by any person by imputation or information of which Bank is not aware by 
virtue of a "Chinese Wall" arrangement.  If Bank becomes aware of confidential 
information which in good faith it feels inhibits it from effecting a 
transaction hereunder Bank may refrain from effecting it.

	IN WITNESS WHEREOF, the parties hereto have executed this Agreement as 
of the date first-above written.

						CUSTOMER



					
	By:____________________________________________
						Title:
						Date:


						THE CHASE MANHATTAN BANK



					
	By:____________________________________________
						Title:
						Date:
78111


STATE OF			)
				:  ss.
COUNTY OF			)


	On this                      day of                                     
         , 199 , before me personally came
                                                           , to me known, who 
being by me duly sworn, did depose and say that he/she resides in             
                                        at                                    
                            , that he/she is                                  
               of                                                             
                  , the entity described in and which executed the foregoing 
instrument; that he/she knows the seal of said entity, that the seal affixed 
to said instrument is such seal, that it was so affixed by order of said 
entity, and that he/she signed his/her name thereto by like order.


						                                          
             


Sworn to before me this               

day of               , 199 .

                                        
	   Notary



STATE OF NEW YORK		)
					:  ss.
COUNTY OF NEW YORK		)


	On this                            day of                               
            , 199 , before me personally came                                 
            , to me known, who being by me duly sworn, did depose and say that 
he/she resides in                                             at              
                                                                    ; that 
he/she is a Vice President of THE CHASE MANHATTAN BANK, the corporation 
described in and which executed the foregoing instrument; that he/she knows 
the seal of said corporation, that the seal affixed to said instrument is such 
corporate seal, that it was so affixed by order of the Board of Directors of 
said corporation, and that he/she signed his/her name thereto by like order.


						                                          
   


Sworn to before me this                     

day of                 , 199 .


                                              
	   Notary





	Investment Company  Rider to Global Custody Agreement
	Between The Chase Manhattan Bank and
	_________________________________________
	effective __________________

	Customer represents that the Assets being placed in Bank's custody are 
subject to the Investment Company Act of 1940, as amended (the "1940 Act"), as 
the same may be amended from time to time.

	Except to the extent that Bank has specifically agreed to comply with a 
condition of a rule, regulation, interpretation promulgated by or under the 
authority of the Securities and Exchange Commission ("SEC") or the Exemptive 
Order applicable to accounts of this nature issued to Bank (1940 Act, Release 
No. 12053, November 20, 1981), as amended, or unless Bank has otherwise 
specifically agreed, Customer shall be solely responsible to assure that the 
maintenance of Assets hereunder complies with such rules, regulations, 
interpretations or exemptive order promulgated by or under the authority of 
the Securities Exchange Commission.

	The following modifications are made to the Agreement:

	Section 3.    Subcustodians and Securities Depositories.

	Add the following language to the end of Section 3:

	The terms Subcustodian and securities depositories as used herein shall 
mean a branch of a qualified U.S. bank, an eligible foreign custodian or 
an eligible foreign securities depository, which are further defined as 
follows:

	(a)  "qualified U.S. Bank" shall mean a qualified U.S. bank as defined 
in Rule 17f-5 under the 1940 Act;

	(b)  "eligible foreign custodian" shall mean (i) a banking institution 
or trust company, incorporated or organized under the laws of a country 
other than the United States, that is regulated as such by that 
country's government or an agency thereof and that has shareholders' 
equity in excess of $200 million in U.S. currency (or a foreign currency 
equivalent thereof) as of the close of its fiscal year most recently 
completed prior to the date hereof, (ii) a majority owned direct or 
indirect subsidiary of a qualified U.S. bank or bank holding company 
that is incorporated or organized under the laws of a country other than 
the United States and that has shareholders' equity in excess of $100 
million in U.S. currency (or a foreign currency equivalent thereof) as 
of the close of its fiscal year most recently completed prior to the 
date hereof, (iii) a banking institution or trust company incorporated 
or organized under the laws of a country other than the United States or 
a majority owned direct or indirect subsidiary of a qualified U.S. bank 
or bank holding company that is incorporated or organized under the laws 
of a country other than the United States which has such other 
qualifications as shall be specified in Instructions and approved by 
Bank; or (iv) any other entity that shall have been so qualified by 
exemptive order, rule or other appropriate action of the SEC; and

	(c)  "eligible foreign securities depository" shall mean a securities 
depository or clearing agency, incorporated or organized under the laws 
of a country other than the United States, which operates (i) the 
central system for handling securities or equivalent book-entries in 
that country, or (ii) a transnational system for the central handling of 
securities or equivalent book-entries.

	Customer represents that its Board of Directors has approved each of the 
Subcustodians listed in Schedule A hereto and the terms of the subcustody 
agreements between Bank and each Subcustodian, which are attached as Exhibits 
I through       of Schedule A, and further represents that its Board has 
determined that the use of each Subcustodian and the terms of each subcustody 
agreement are consistent with the best interests of the Fund(s) and its 
(their) shareholders.  Bank shall supply Customer with any amendment to 
Schedule A for approval.  Customer has supplied or shall supply Bank with 
certified copies of its Board of Directors resolution(s) with respect to the 
foregoing prior to placing Assets with any Subcustodian so approved.

	Section 11.    Instructions.

	Add the following language to the end of Section 11:

	Deposit Account Payments and Custody Account Transactions made pursuant 
to Section 5 and 6 hereof may be made only for the purposes listed 
below.  Instructions must specify the purpose for which any transaction 
is to be made and Customer shall be solely responsible to assure that 
Instructions are in accord with any limitations or restrictions 
applicable to Customer by law or as may be set forth in its prospectus.

	(a)  In connection with the purchase or sale of Securities at prices as 
confirmed by Instructions;

	(b)  When Securities are called, redeemed or retired, or otherwise 
become payable;

	(c)  In exchange for or upon conversion into other securities alone or 
other securities and cash pursuant to any plan or merger, consolidation, 
reorganization, recapitalization or readjustment;

	(d)  Upon conversion of Securities pursuant to their terms into other 
securities;

	(e)  Upon exercise of subscription, purchase or other similar rights 
represented by Securities;

	(f)  For the payment of interest, taxes, management or supervisory fees, 
distributions or operating expenses;

	(g)  In connection with any borrowings by Customer requiring a pledge of 
Securities, but only against receipt of amounts borrowed;

	(h)  In connection with any loans, but only against receipt of adequate 
collateral as specified in Instructions which shall reflect any 
restrictions applicable to Customer;

	(i)  For the purpose of redeeming shares of the capital stock of 
Customer and the delivery to, or the crediting to the account of, Bank, 
its Subcustodian or Customer's transfer agent, such shares to be 
purchased or redeemed;

	(j)  For the purpose of redeeming in kind shares of Customer against 
delivery to Bank, its Subcustodian or Customer's transfer agent of such 
shares to be so redeemed;

	(k)  For delivery in accordance with the provisions of any agreement 
among Customer, Bank and a broker-dealer registered under the Securities 
Exchange Act of 1934 and a member of The National Association of 
Securities Dealers, Inc., relating to compliance with the rules of The 
Options Clearing Corporation and of any registered national securities 
exchange, or of any similar organization or organizations, regarding 
escrow or other arrangements in connection with transactions by 
Customer;

	(l)  For release of Securities to designated brokers under covered call 
options, provided, however, that such Securities shall be released only 
upon payment to Bank of monies for the premium due and a receipt for the 
Securities which are to be held in escrow.  Upon exercise of the option, 
or at expiration, Bank shall receive from brokers the Securities 
previously deposited.  Bank shall act strictly in accordance with 
Instructions in the delivery of Securities to be held in escrow and 
shall have no responsibility or liability for any such Securities which 
are not returned promptly when due other than to make proper request for 
such return;

	(m)  For spot or forward foreign exchange transactions to facilitate 
security trading, receipt of income from Securities or related 
transactions;

	(n)  For other proper purposes as may be specified in Instructions 
issued by an officer of Customer which shall include a statement of the 
purpose for which the delivery or payment is to be made, the amount of 
the payment or specific Securities to be delivered, the name of the 
person or persons to whom delivery or payment is to be made, and a 
certification that the purpose is a proper purpose under the instruments 
governing Customer; and

	(o)  Upon the termination hereof as set forth in Section 14(j).

	Section 12.    Standard of Care; Liabilities.

	Add the following at the end of Section as 12:

	(d)  Bank hereby warrants to Customer that in its opinion, after due 
inquiry, the established procedures to be followed by each of its 
branches, each branch of a qualified U.S. Bank, each eligible foreign 
custodian and each eligible foreign securities depository holding 
Customer's Securities pursuant hereto afford protection for such 
Securities at least equal to that afforded by Bank's established 
procedures with respect to similar securities held by Bank and its 
securities depositories in New York.

	Section 14.    Access to Records.

	Add the following language to the end of Section 14(c):

	Upon reasonable request from Customer, Bank shall furnish Customer such 
reports (or portions thereof) of Bank's system of internal accounting 
controls applicable to Bank's duties hereunder.  Bank shall endeavor to 
obtain and furnish Customer with such similar reports as it may 
reasonably request with respect to each Subcustodian and securities 
depository holding Assets.


	GLOBAL PROXY SERVICE RIDER
To Global Custody Agreement
	Between
	THE CHASE MANHATTAN BANK
	AND
	____________________________________
dated                                     199_.

1.	Global Proxy Services ("Proxy Services") shall be provided for the 
countries listed in the procedures and guidelines ("Procedures") 
furnished to Customer, as the same may be amended by Bank from time to 
time on prior notice to Customer.  The Procedures are incorporated by 
reference herein and form a part of this Rider.

2.	Proxy Services shall consist of those elements as set forth in the 
Procedures, and shall include (a) notifications ("Notifications") by 
Bank to Customer of the dates of pending shareholder meetings, 
resolutions to be voted upon and the return dates as may be received by 
Bank or provided to Bank by its Subcustodians or third parties, and (b) 
voting by Bank of proxies based on Customer Directions.  Original proxy 
materials or copies thereof shall not be provided.  Notifications shall 
generally be in English and, where necessary, shall be summarized and 
translated from such non-English materials as have been made available 
to Bank or its Subcustodian.  In this respect Bank's only obligation is 
to provide information from sources it believes to be reliable and/or to 
provide materials summarized and/or translated in good faith.  Bank 
reserves the right to provide Notifications, or parts thereof, in the 
language received.  Upon reasonable advance request by Customer, backup 
information relative to Notifications, such as annual reports, 
explanatory material concerning resolutions, management recommendations 
or other material relevant to the exercise of proxy voting rights shall 
be provided as available, but without translation.

3.	While Bank shall attempt to provide accurate and complete Notifications, 
whether or not translated, Bank shall not be liable for any losses or 
other consequences that may result from reliance by Customer upon 
Notifications where Bank prepared the same in good faith.

4	Notwithstanding the fact that Bank may act in a fiduciary capacity with 
respect to Customer under other agreements or otherwise under the 
Agreement, in performing Proxy Services Bank shall be acting solely as 
the agent of Customer, and shall not exercise any discretion with regard 
to such Proxy Services.

5.	Proxy voting may be precluded or restricted in a variety of 
circumstances, including, without limitation, where the relevant 
Securities are: (i) on loan; (ii) at registrar for registration or 
reregistration; (iii) the subject of a conversion or other corporate 
action; (iv) not held in a name subject to the control of Bank or its 
Subcustodian or are otherwise held in a manner which precludes voting; 
(v) not capable of being voted on account of local market regulations or 
practices or restrictions by the issuer; or (vi) held in a margin or 
collateral account.

6	Customer acknowledges that in certain countries Bank may be unable to 
vote individual proxies but shall only be able to vote proxies on a net 
basis (e.g., a net yes or no vote given the voting instructions received 
from all customers).

7.	Customer shall not make any use of the information provided hereunder, 
except in connection with the funds or plans covered hereby, and shall 
in no event sell, license, give or otherwise make the information 
provided hereunder available, to any third party, and shall not directly 
or indirectly compete with Bank or diminish the market for Proxy 
Services by provision of such information, in whole or in part, for 
compensation or otherwise, to any third party.

8.	The names of Authorized Persons for Proxy Services shall be furnished to 
Bank in accordance with Sec.10 of the Agreement.  Proxy Services fees shall 
be as set forth in Sec.13 of the Agreement or as separately agreed.


	SPECIAL TERMS AND CONDITIONS RIDER

							GLOBAL CUSTODY AGREEMENT

							WITH 
___________________________________

							DATE 
___________________________________



	DOMESTIC ONLY
	SPECIAL TERMS AND CONDITIONS RIDER


Domestic Corporate Actions and Proxies

With respect to domestic U.S. and Canadian Securities (the latter if held in 
DTC), the following provisions shall apply rather than the provisions of 
Section 8 of the Agreement and the Global Proxy Service rider:

	Bank shall send to Customer or the Authorized Person for a Custody 
Account, such proxies (signed in blank, if issued in the name of 
Bank's nominee or the nominee of a central depository) and 
communications with respect to Securities in the Custody Account 
as call for voting or relate to legal proceedings within a 
reasonable time after sufficient copies are received by Bank for 
forwarding to its customers.  In addition, Bank shall follow 
coupon payments, redemptions, exchanges or similar matters with 
respect to Securities in the Custody Account and advise Customer 
or the Authorized Person for such Account of rights issued, tender 
offers or any other discretionary rights with respect to such 
Securities, in each case, of which Bank has received notice from 
the issuer of the Securities, or as to which notice is published 
in publications routinely utilized by Bank for this purpose.

Fees

The fees referenced in Section 13 hereof cover only domestic and euro-dollar 
holdings.  There shall be no Schedule A hereto, as there are no foreign assets 
in the Accounts.



	DOMESTIC AND GLOBAL
	SPECIAL TERMS AND CONDITIONS RIDER


Domestic Corporate Actions and Proxies

With respect to domestic U.S. and Canadian Securities (the latter if held in 
DTC), the following provisions shall apply rather than the pertinent 
provisions of Section 8 of the Agreement and the Global Proxy Service rider:

	Bank shall send to Customer or the Authorized Person for a Custody 
Account, such proxies (signed in blank, if issued in the name of 
Bank's nominee or the nominee of a central depository) and 
communications with respect to Securities in the Custody Account 
as call for voting or relate to legal proceedings within a 
reasonable time after sufficient copies are received by Bank for 
forwarding to its customers.  In addition, Bank shall follow 
coupon payments, redemptions, exchanges or similar matters with 
respect to Securities in the Custody Account and advise Customer 
or the Authorized Person for such Account of rights issued, tender 
offers or any other discretionary rights with respect to such 
Securities, in each case, of which Bank has received notice from 
the issuer of the Securities, or as to which notice is published 
in publications routinely utilized by Bank for this purpose.
 



 

 




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