DELAWARE GROUP EQUITY FUNDS III
485BPOS, EX-99.(G)(1)(III), 2000-08-29
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As of December 22, 1999

VIA UPS OVERNIGHT
-----------------
The Chase Manhattan Bank
4 Chase MetroTech Center
Brooklyn, New York  11245

         Attention:  Global Custody Division

  Re:    Global Custody Agreement, Effective May 1, 1996, as amended November
         20, 1997 between The Chase Manhattan Bank and those registered
         investment companies (and on behalf of certain series thereof), listed
         on Schedule A and Appendix A, respectively, attached thereto
         ("Agreement")
         -----------------------------------------------------------------------

Ladies and Gentlemen:

Pursuant to the provisions of Section 1 of the Agreement, the undersigned, on
behalf of Delaware Group Equity Funds III (successor to Delaware Group Equity
Funds III, Inc.) for the benefit of the Delaware Technology and Innovation Fund,
Delaware American Services Fund, Delaware Large Cap Growth Fund and Delaware
Research Fund (the "Series") hereby appoints The Chase Manhattan Bank to provide
custodial services for the Series under and in accordance with the terms of the
Agreement and accordingly, requests that the Series be added to Schedule A and
Appendix A, respectively, to the Agreement effective December 22, 1999. Kindly
acknowledge your agreement to provide such services and to add the Series to
Schedule A and Appendix A, respectively, to the Agreement by signing in the
space provided below.

                                         DELAWARE GROUP EQUITY FUNDS III
                                         on behalf of Delaware Technology and
                                         Innovation Fund, Delaware American
                                         Services Fund, Delaware Large Cap
                                         Growth Fund and Delaware Research Fund


                                         By:  __________________________________
                                              David K. Downes
                                         Its: President, Chief Executive Officer
                                              Chief Operating Officer
                                              Chief Financial Officer


AGREED:

THE CHASE MANHATTAN BANK


By:______________________


Its:



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