Common use of Lending of Securities Clause in Contracts

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia shall receive all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia shall be held as they were before the loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of its agent lends Securities organization documents and as disclosed in the Fund's accountits Prospectus to lend securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to the Custodian a Certificate specifying with respect to each such loan: (a) the Series to which the Securities to be delivered to Wachovia a certificate specifying loaned are specifically allocated; (ab) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia the Custodian a certificate Certificate specifying with respect to each such loan termination and return of Securities: (a) the Series to which the Securities to be returned are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Certificate); and (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateCertificate. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's ’s account, the Fund shall deliver or cause to be delivered to Wachovia Wachovia, as custodian, a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the a description of and total amount of collateral to be delivered to Wachovia for the account of the Fund against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount collateral for the account of the Fund designated as to be delivered against the loan of Securities. Wachovia may accept payment for the account of the Fund in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of as directed by the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia Wachovia, as custodian, a certificate specifying (a) the name of the issuer and the title of the Securities to be returnedreturned to the Fund; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount of collateral held for the account of the Fund that Wachovia is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia shall receive for the account of the Fund all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay from the account of the Fund the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia for the account of the Fund shall be held as they were before the loan.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia First Union a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia First Union against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia First Union shall not lend Securities except as the Fund or its agent instructs. Wachovia First Union shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia First Union may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia First Union drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia First Union a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia First Union is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia First Union shall receive all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia First Union shall be held as they were before the loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the Master Trust Agreement and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend securities, within 24 hours before each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after (a) If the Fund or is permitted as disclosed in its agent lends Securities in the Fund's accountcurrent Prospectus to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a1) the name of the issuer and the title of the Securities; ; (b2) the number of shares or the principal amount loaned; ; (c3) the date of the loan and delivery; ; (d4) the total amount to be delivered to Wachovia against the loan of the Securities, Custodian including the amount of the cash collateral and the premium, if any, separately identified; and ; (e5) the name of the broker-dealer , dealer, or financial institution to which the loan was made. Wachovia shall not lend ; and (6) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a1) the name of the issuer and the title of the Securities to be returned; ; (b2) the number of shares or the principal amount to be returned; ; (c3) the date of termination; ; (d4) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificate; said Written Instructions); (e5) the name of the broker-dealer , dealer, or financial institution from which the Securities will be returned; and and (f6) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-dealer , dealer, or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the Master Trust Agreement and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly (a) If Mutual Fund is permitted by the terms of its Declaration of Trust and, as disclosed in its Prospectus, to lend Securities, within 24 hours after the Fund or its agent lends Securities in the Fund's accounteach loan of Securities, the a Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (ai) the name of the issuer and the title of the Securities; (bii) the number of shares or the principal amount loaned; (ciii) the date of the loan and delivery; (div) the total amount to be delivered to Wachovia the Custodian and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ev) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (vi) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the a Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (ai) the name of the issuer and the title of the Securities to be returned; (bii) the number of shares or the principal amount to be returned; (ciii) the date of termination; (div) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ev) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fvi) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly (a) If the Trust is permitted by the terms of its Declaration of Trust and, as disclosed in its Prospectus to lend Securities, within 24 hours after the Fund or its agent lends Securities in the each loan of Securities, a Fund's account, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (ai) the name of the issuer and the title of the Securities; (bii) the number of shares or the principal amount loaned; (ciii) the date of the loan and delivery; (div) the total amount to be delivered to Wachovia the Custodian and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ev) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (vi) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the a Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (ai) the name of the issuer and the title of the Securities to be returned; (bii) the number of shares or the principal amount to be returned; (ciii) the date of termination; (div) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ev) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fvi) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly If the Trust is permitted by the terms of the Declaration of Trust and as disclosed in its Prospectus to lend Securities, within 24 hours after the Fund or its agent lends Securities in the Fund's accounteach loan of Securities, the Fund Trust shall deliver or cause to be delivered the Custodian Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a1) the name of the issuer and the title of the Securities; (b2) the number of shares or the principal amount loaned; (c3) the date of the loan and delivery; (d4) the total amount to be delivered to Wachovia the Custodian, against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e5) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (6) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a1) the name of the issuer and the title of the Securities to be returned; (b2) the number of shares or the principal amount to be returned; (c3) the date of termination; (d4) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (e5) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f6) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the moneys of the Trust, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia Wachovia, as custodian, a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the a description of and total amount of collateral to be delivered to Wachovia for the account of the Fund against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount collateral for the account of the Fund designated as to be delivered against the loan of Securities. Wachovia may accept payment for the account of the Fund in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of as directed by the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia Wachovia, as custodian, a certificate specifying (a) the name of the issuer and the title of the Securities to be returnedreturned to the Fund; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount of collateral held for the account of the Fund that Wachovia is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia shall receive for the account of the Fund all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay from the account of the Fund the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia for the account of the Fund shall be held as they were before the loan.

Lending of Securities. a. Promptly (a) Within 24 hours after any loan of Securities by the Fund or as disclosed in its agent lends Securities in the Fund's accountProspectus, the Fund shall deliver or cause to be delivered to Wachovia a certificate the Custodian written Instructions specifying with respect to each such loan: (a1) the name of the issuer and the title of the Securities; (b2) the number of shares or the principal amount loaned; (c3) the date of the loan and delivery; (d4) the total amount to be delivered to Wachovia the Custodian against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e5) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (6) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate the Custodian written Instructions specifying with respect to each such loan termination and return of Securities: (a1) the name of the issuer and the title of the Securities to be returned; (b2) the number of shares or the principal amount to be returned; (c3) the date of termination; (d4) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (e5) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f6) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of moneys held for the account of the Fund, the total amount payable upon the such return of the Securities as set forth in the certificatewritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly (a) If the Company is permitted by the terms of its Articles of Incorporation and, as disclosed in its Prospectus to lend Securities, within 24 hours after the Fund or its agent lends Securities in each loan of Securities, the Fund's account, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (ai) the name of the issuer and the title of the Securities; (bii) the number of shares or the principal amount loaned; (ciii) the date of the loan and delivery; (div) the total amount to be delivered to Wachovia the Custodian and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ev) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (vi) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (ai) the name of the issuer and the title of the Securities to be returned; (bii) the number of shares or the principal amount to be returned; (ciii) the date of termination; (div) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ev) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fvi) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's ’s account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's ’s check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia shall receive all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia shall be held as they were before the loan.

Lending of Securities. a. Promptly (a) If a Fund is permitted as disclosed in its current Prospectus to lend Securities, within 24 hours after the Fund or its agent lends Securities in the Fund's accounteach loan of Securities, the Fund Company shall deliver or cause to be delivered to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan: (a1) the name of the Fund to which the loaned Securities are specifically allocated; (2) the name of the issuer and the title of the Securities; (b3) the number of shares or the principal amount loaned; (c4) the date of the loan and delivery; (d5) the total amount to be delivered to Wachovia against the loan of the SecuritiesCustodian, including the amount of the cash collateral and the premium, if any, separately identified; and (e6) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (7) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of Securities, the Fund Company shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a1) the name of the Fund to which the loand Securities are specifically allocated; (2) the name of the issuer and the title of the Securities to be returned; (b3) the number of shares or the principal amount to be returned; (c4) the date of termination; (d5) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (e6) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f7) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the monies held for the account of such Fund, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the Articles of Incorporation and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or Separate Account is permitted by the terms of the Separate Account Rules and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend securities, within 24 hours before each loan of Securities, the Fund Separate Account shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares Units or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares Units or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly (a) If a Fund is permitted by the terms of the Trust Instrument and as disclosed in its Prospectus to lend Securities, within 24 hours after the Fund or its agent lends Securities in the Fund's accounteach loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (ai) the name of the issuer and the title of the Securities; (bii) the number of shares or the principal amount loaned; (ciii) the date of the loan and delivery; (div) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ev) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as The Custodian has no obligation or requirement to verify whether the Trust Instrument permits the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in lend Securities. b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia the Custodian a certificate Written Instruction specifying with respect to each such loan termination and return of Securities: (ai) the name of the issuer and the title of the Securities to be returned; (bii) the number of shares or the principal amount to be returned; (ciii) the date of termination; (div) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (ev) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted, and as disclosed in its agent lends Securities in the Fund's accountProspectus, to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying such loan: (a) the name names of the issuer and the title of the Securities; (b) the number of shares or principal the principle amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia the Custodian a certificate Written Instruction specifying with respect to each loan termination and return of Securities; (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal the principle amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (e) the name of the broker-dealer , dealer, or financial institution from which the such Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia shall receive all Securities returned from a 6 broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia shall be held as they were before the loan.

Lending of Securities. a. Promptly (a) If St. Clair is permitted by the terms of its Articles of Incorporation and, as disclosed in its Prospectus to lend Securities, within 24 hours after the Fund or its agent lends Securities in the each loan of Securities, a Fund's account, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (ai) the name of the issuer and the title of the Securities; (bii) the number of shares or the principal amount loaned; (ciii) the date of the loan and delivery; (div) the total amount to be delivered to Wachovia the Custodian and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ev) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (vi) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the a Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (ai) the name of the issuer and the title of the Securities to be returned; (bii) the number of shares or the principal amount to be returned; (ciii) the date of termination; (div) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ev) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fvi) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after the a Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia shall not lend Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia shall receive all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia shall be held as they were before the loan.

Lending of Securities. a. Promptly after If the Fund or any Portfolio is permitted by the terms of its agent lends Articles of Incorporation and as disclosed in its Prospectus to lend Securities in the Fund's accountspecifically allocated to that Portfolio, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a) the Portfolio to which the loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated to such Portfolio against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of SecuritiesSecurities specifically allocated to a Portfolio, the Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a) the name of the Portfolio to which such loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the moneys specifically allocated to such Portfolio, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly If any Series is permitted as disclosed in its current Prospectus or Statement of Additional Information to lend Securities specifically allocated to that Series, within 24 hours after the Fund or its agent lends Securities in the Fund's accounteach loan of Securities, the Fund Trust shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a) the Series to which the loaned Securities are specifically allocated; (b) the name of the issuer and the title of fo the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated to such Series against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution institutional to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of SecuritiesSecurities specifically allocated to a Series, the Fund Trust shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a) the name of the Series to which such loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ef) the name of fo the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the moneys specifically allocated to such Series, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly (a) If St. Clair is permitted by the terms of its Articles of Incorporation and, as disclosed in its Prospectus, to lend Securities, within 24 hours after the Fund or its agent lends Securities in the each loan of Securities, a Fund's account, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (ai) the name of the issuer and the title of the Securities; (bii) the number of shares or the principal amount loaned; (ciii) the date of the loan and delivery; (div) the total amount to be delivered to Wachovia the Custodian and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ev) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (vi) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the a Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (ai) the name of the issuer and the title of the Securities to be returned; (bii) the number of shares or the principal amount to be returned; (ciii) the date of termination; (div) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ev) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fvi) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If a Fund is permitted by the terms of the Master Trust Agreement and as disclosed in its Prospectus to lend securities specifically allocated to a Fund, within 24 hours before each loan of Securities, the Trust shall deliver to the Custodian a Written Instruction specifying with respect to each such loan: (a) the name of the Fund or its agent lends to which the loaned Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia a certificate specifying are specifically allocated; (ab) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of SecuritiesSecurities specifically allocated to a Fund, the Fund Trust shall deliver to Wachovia the Custodian a certificate Written Instruction specifying with respect to each such loan termination and return of Securities: (a) the name of the Fund to which such loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the monies specifically allocated to such Fund, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after the Fund or its agent lends Securities in the Fund's account, the Fund shall deliver or cause to be delivered to Wachovia First Union a certificate specifying (a) the name of the issuer and the title of the Securities; (b) the number of shares or principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia First Union against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-dealer or financial institution to which the loan was made. Wachovia First Union shall not lend Securities except as the Fund or its agent instructs. Wachovia First Union shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as to be delivered against the loan of Securities. Wachovia First Union may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia First Union drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia First Union a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia First Union is to deliver, including the amount of the cash collateral less any offsetting credits as described in the certificate; (e) the name of the broker-dealer or financial institution from which the Securities will be returned; and (f) whether the return is to be effected through the Book-Entry System or a Depository. Wachovia First Union shall receive all Securities returned from a broker-dealer or other financial institution to which the Securities were loaned, and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia First Union shall be held as they were before the loan. c. The terms of this Paragraph 12 are subject to a separate written agreement between the parties entered into for the specific purpose of setting forth the terms of an arrangement by which First Union or its agent may lend Securities of the Fund.

Lending of Securities. a. Promptly If any Portfolio is permitted by the terms of the Declaration of Trust and as disclosed in its Prospects to lend Securities specifically allocated to that Portfolio, with 24 hours after the Fund or its agent lends Securities in the Fund's accounteach loan of Securities, the Fund Trust shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a) the Portfolio to which the loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and deliverydeliver; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated to such Portfolio against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of SecuritiesSecurities specifically allocated to a Portfolio, the Fund Trust shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a) the name of the Portfolio to which such loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (c) the number of shares or the principal amount to be returned; (d) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the monies specifically allocated to such Portfolio, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the Declaration of Trust and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Book- Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the [Articles of Incorporation/Master Trust Agreement] and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of its agent lends Securities Articles of Incorporation and as disclosed in the Fund's accountits Prospectus to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the Fund; (b) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and allocated to the Fund against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to Depository. (a) the order name of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying Fund; (ab) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after (a) If the Fund or is permitted as disclosed in its agent lends Securities in the Fund's accountcurrent Prospectus to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a1) the name of the issuer and the title of the Securities; ; (b2) the number of shares or the principal amount loaned; ; (c3) the date of the loan and delivery; ; (d4) the total amount to be delivered to Wachovia against the loan of the SecuritiesCustodian, including the amount of the cash collateral and the premium, if any, separately identified; and ; (e5) the name of the broker-dealer , dealer, or financial institution to which the loan was made. Wachovia shall not lend ; and (6) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Book- Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities.Depository, b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a1) the name of the issuer and the title of the Securities to be returned; ; (b2) the number of shares or the principal amount to be returned; ; (c3) the date of termination; ; (d4) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such securities minus any offsetting credits as described in the certificate; said Written Instructions); (e5) the name of the broker-dealer , dealer, or financial institution from which the Securities will be returned; and and (f6) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a from, the broker-dealer , dealer, or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the Master Trust Agreement and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend securities, within 24 hours before each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; ; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Book- Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after (a) If the Fund or is permitted as disclosed in its agent lends Securities in the Fund's accountcurrent Prospectus to lend Securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian Written Instructions specifying with respect to Wachovia a certificate specifying each such loan: (a1) the name of the issuer and the title of the Securities; ; (b2) the number of shares or the principal amount loaned; ; (c3) the date of the loan and delivery; ; (d4) the total amount to be delivered to Wachovia against the loan of the Securities, Custodian including the amount of the cash collateral and the premium, if any, separately identified; and ; (e5) the name of the broker-dealer , dealer, or financial institution to which the loan was made. Wachovia shall not lend ; and (6) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a1) the name of the issuer and the title of the Securities to be returned; ; (b2) the number of shares or the principal amount to be returned; ; (c3) the date of termination; ; (d4) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificate; said Written Instructions); (e5) the name of the broker-dealer , dealer, or financial institution from which the Securities will be returned; and and (f6) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-dealer , dealer, or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly (a) Within 24 hours after each loan of Securities by the Fund or as disclosed in its agent lends Securities in the Fund's accountProspectus, the Fund shall deliver or cause to be delivered to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan: (a1) the name of the issuer and the title of the Securities; (b2) the number of shares or the principal amount loaned; (c3) the date of the loan and delivery; (d4) the total amount to be delivered to Wachovia against the loan of the SecuritiesCustodian, including the amount of the cash collateral and the premium, if any, separately identified; and (e5) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (6) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. (b) Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate the Custodian Written Instructions specifying with respect to each such loan termination and return of Securities: (a1) the name of the issuer and the title of the Securities to be returned; (b2) the number of shares or the principal amount to be returned; (c3) the date of termination; (d4) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instructions); (e5) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f6) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the monies held for the account of the Fund, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instructions. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If the Fund or is permitted by the terms of the Trust Agreement and as disclosed in its agent lends Securities in the Fund's accountProspectus to lend securities, within 24 hours after each loan of Securities, the Fund shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the issuer and the title of the Securities; (b) the number of shares or the principal amount loaned; (c) the date of the loan and delivery; (d) the total amount to be delivered to Wachovia the Custodian, and specifically allocated against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (e) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (f) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in SecuritiesDepository. b. Promptly after each termination of a loan of Securities, the Fund shall deliver to Wachovia a certificate specifying (a) the name of the issuer and the title of the Securities to be returned; (b) the number of shares or the principal amount to be returned; (c) the date of termination; (d) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (e) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (f) whether the such return is to be effected through the Book-Entry System or a the Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.

Lending of Securities. a. Promptly after If any Fund is permitted by the Fund or its agent lends Securities terms of the Master Trust Agreement and as disclosed in the Fund's accountProspectus to lend Securities specifically allocated to that Fund, within 24 hours after each loan of Securities, the Fund Trust shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the Fund to which the loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated to such Fund against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of SecuritiesSecurities specifically allocated to a Fund, the Fund Trust shall deliver to Wachovia the Custodian a certificate Written Instruction specifying with respect to each such loan termination and return of Securities: (a) the name of the Fund to which such loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay the total amount payable upon the return of the Securities as set forth in the certificate. Securities returned to Wachovia shall be held as they were before the loan.pay,

Lending of Securities. a. Promptly after If any Portfolio is permitted by the Fund or its agent lends Securities terms of the Master Trust Agreement and as disclosed in the FundPortfolio's accountProspectus to lend Securities specifically allocated to that Portfolio, within 24 hours after each loan of Securities, the Fund Trust shall deliver or cause to be delivered the Custodian a Written Instruction specifying with respect to Wachovia a certificate specifying each such loan: (a) the name of the Portfolio to which the loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities; (bc) the number of shares or the principal amount loaned; (cd) the date of the loan and delivery; (de) the total amount to be delivered to Wachovia the Custodian, and specifically allocated to such Portfolio against the loan of the Securities, including the amount of the cash collateral and the premium, if any, separately identified; and (ef) the name of the broker-, dealer or financial institution to which the loan was made. Wachovia shall not lend ; and (g) whether the Securities except as the Fund or its agent instructs. Wachovia shall deliver Securities so designated to the broker-dealer or financial institution to which the loan was made upon the receipt of the total amount designated as loaned are to be delivered against the loan of Securities. Wachovia may accept payment in connection with a delivery otherwise than through the Book-Entry System or a Depository only in the form of a certified or bank cashier's check payable to the order of the Fund or Wachovia drawn on New York Clearing House funds and may deliver Securities in accordance with the customs prevailing among dealers in Securities. b. Depository. Promptly after each termination of a loan of SecuritiesSecurities specifically allocated to a Portfolio, the Fund Trust shall deliver to Wachovia the Custodian a certificate Written Instruction specifying with respect to each such loan termination and return of Securities: (a) the name of the Portfolio to which such loaned Securities are specifically allocated; (b) the name of the issuer and the title of the Securities to be returned; (bc) the number of shares or the principal amount to be returned; (cd) the date of termination; (de) the total amount Wachovia is to deliver, be delivered by the Custodian (including the amount of the cash collateral less for such Securities minus any offsetting credits as described in the certificatesaid Written Instruction); (ef) the name of the broker-, dealer or financial institution from which the Securities will be returned; and (fg) whether the such return is to be effected through the Book-Entry System or a Depository. Wachovia The Custodian shall receive all Securities returned from a the broker-, dealer or other financial institution to which the such Securities were loaned, loaned and upon receipt thereof shall pay pay, out of the monies specifically allocated to such Portfolio, the total amount payable upon the such return of the Securities as set forth in the certificateWritten Instruction. Securities returned to Wachovia the Custodian shall be held as they were before the prior to such loan.