Exhibit (g)(3)
AMENDMENT TO CUSTODLAN CONTRACT
Amendment dated February 28, 2000, to the custody contract, dated April
21, 1983, as amended, by and between State Street Bank and Trust Company (the
"Custodian") and Nvest Tax Exempt Money Market Trust (formerly New England Tax
Exempt Money Market Trust and NEL Tax Exempt Money Market Trust) (the "Fund")
(the "Custodian Contract").
In consideration of the promises and covenants contained herein, the
Custodian and the Fund hereby agree to amend and replace Section 5.A. of the
Custodian Contract as follows:
5.A. Proper Instructions
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Proper Instructions as used throughout this Contract means a writing signed or
initialed by one or more person or persons as the Board of Trustees shall have
from time to time authorized. Each such writing shall set forth the specific
transaction or type of transaction involved, including a specific statement of
the purpose for which such action is requested. Oral instructions will be
considered Proper Instructions if the Custodian reasonably believes them to have
been given by a person authorized to give such instructions with respect to the
transaction involved. The Fund shall cause all oral instructions to be confirmed
in writing. Proper Instructions may include communications effected directly
between electro-mechanical or electronic devices; provided that the Fund has
followed any security procedures agreed to from time to time by Fund and the
Custodian, including, but not limited to, the security procedures selected by
the Fund in the Funds Transfer Agreement.
IN WITNESS WHEREOF, each of the parties has caused this instrument to be
executed in its name and on its behalf by its duly authorized representative.
NVEST TAX EXEMPT MONEY MARKET TRUST
By: /s/ Neal Litvack
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Its: President
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STATE STREET BANK AND TRUST COMPANY
By: /s/ Donald E. Logue
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Its: Vice Chairman
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