EXHIBIT 99.2j.3
[THE CHASE MANHATTAN BANK, N.A. LETTERHEAD]
April 16, 1996
▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇ & Co. Incorporated
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Giff:
On September 2, 1995, The United States Trust Company of New York (UST) was
merged into Chase Manhattan Bank, N.A. (Chase). As a result of this
transaction, Chase succeeded by operation of law, all rights and
responsibilities of UST under all Transfer Agency, Custodian and Fund
Accounting agreements between US Trust and ▇▇▇▇ ▇▇▇▇▇▇ & Co.'s managed
investment companies.
Sincerely,
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Vice President