Exhibit 10(q)

AMENDMENT NUMBER SIXTEEN



TO



GRANTOR TRUST AGREEMENT



THIS AGREEMENT, made as of the 15th day of September, 2003 by and between
THE BANK OF NEW YORK COMPANY, INC., a corporation organized and existing under the laws of the State of New York (hereinafter referred to as the Company), and JPMORGAN CHASE BANK (formerly known as THE CHASE MANHATTAN BANK), a
corporation organized and existing under the laws of the New York (hereinafter referred to as the Trustee).



W  I  T  N  E  S  S  E  T  H  :



WHEREAS, the Company and the Trustee entered into a Grantor Trust Agreement
dated as of November 16, 1993 (as amended from time to time, the Agreement);



WHEREAS, Article TWELFTH of the Agreement provides that the Company may amend the Agreement; and



WHEREAS, the Company desires to amend the Agreement;



NOW, THEREFORE, the Company and the Trustee agree as follows, effective September 15, 2003:



Exhibit I to the Agreement is amended by deleting Exhibit I in its entirety and substituting therefor Exhibit I in the form
attached hereto.



IN WITNESS WHEREOF, the parties hereto have
caused this agreement to be executed in their respective names by their duly authorized officers under their corporate seals as of the day and year first above written.



|        |  |                              |  |                                    |  |              |  |                                                  
|------- |  | ---------------------------- |  | ---------------------------------- |  | ------------ |  | -------------------------------------------------
|ATTEST: |  |                              |  | THE BANK OF NEW YORK COMPANY, INC.
|        |  |                              |  |                                   
|        |  | /s/    PATRICIA A. BICKET    |  |                                    |  | By:          |  | /s/    BRUCE W. VAN SAUN                         
|        |  |                              |  |                                    |  |             
|        |  |                              |  |                                    |  |              |  | Bruce W. Van Saun Senior Executive Vice President
|        |  |                             
|ATTEST: |  |                              |  | JPMORGAN CHASE BANK               
|        |  |                              |  |                                   
|        |  | /s/    GERARD STAFFORD-SMITH |  |                                    |  | By:          |  | /s/    MICHAEL T. CAREW                          
|        |  |                              |  |                                    |  |             
|        |  |                              |  |                                    |  | Name: Title: |  | Michael T. Carew Assistant Vice President        



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Exhibit 10(q)

EXHIBIT I



|1. | The Bank of New York Company, Inc. Excess Benefit Plan
|-- | ------------------------------------------------------



|2. | The Bank of New York Company, Inc. Supplemental Executive Retirement Plan
|-- | -------------------------------------------------------------------------



|3. | Severance Agreements between The Bank of New York Company, Inc. and the following persons:
|-- | ------------------------------------------------------------------------------------------



|                      |  |                   
|--------------------- |  | ------------------
|Individual            |  | Date of Agreement 
|Thomas P. Gibbons     |  | July 11, 2000     
|Leslie V. Godridge    |  | July 11, 2000     
|Alan R. Griffith      |  | July 11, 2000     
|Gerald L. Hassell     |  | July 11, 2000     
|Donald R. Monks       |  | July 11, 2000     
|Robert J. Mueller     |  | July 11, 2000     
|Thomas J. Perna       |  | July 11, 2000     
|Charles E. Rappold II |  | September 30, 2000
|Thomas A. Renyi       |  | July 11, 2000     
|Brian G. Rogan        |  | July 11, 2000     
|J. Michael Shepherd   |  | January 22, 2001  
|Bruce W. Van Saun     |  | July 11, 2000     
|Joseph M. Velli       |  | July 11, 2000     
|Kurt D. Woetzel       |  | July 8, 2003      



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