STATE STREET RESEARCH FINANCIAL TRUST
One Financial Center
Boston, Massachusetts 02111-2690
October 1, 1999
State Street Bank and
Trust Company
225 Franklin Street
Boston, Massachusetts 02110
Gentlemen:
This letter is to confirm to you that State Street Research Financial
Trust (the "Trust") has created a new series of shares to be known as State
Street Research International Equity Fund (the "Fund"), and that pursuant to
paragraph 17 of the Custodian Contract between the Trust and you (the
"Agreement"), the Trust desires to retain you to act as Custodian of the assets
of the Fund as set forth in the Custodian Contract.
Please indicate your acceptance of this responsibility in accordance
with the terms of the Agreement by signing this letter as indicated below.
The term "State Street Research Financial Trust" means and refers to
the Trustees from time to time serving under the First Amended and Restated
Master Trust Agreement dated June 1, 1993 (the "Master Trust Agreement"), as the
same subsequently thereto have been, or subsequently hereto may be, amended. It
is expressly agreed that the obligations of the Trust hereunder shall not be
binding upon any of the Trustees, shareholders, nominees, officers, assistant
officers, agents or employees of the Trust as individuals or personally, but
shall bind only the trust property of the Trust, as provided in the Master Trust
Agreement of the Trust. The execution and delivery of this Agreement have been
authorized by the Trustees of the Trust and signed by a duly authorized officer
or assistant officer of the Trust, acting as such, and neither such
authorization nor such execution and delivery shall be deemed to have been made
individually or to impose any personal liability, but shall bind only the trust
property of the trust as provided in its Master Trust Agreement. The Master
Trust Agreement of the Trust provides, and it is
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expressly agreed, that each Fund of Trust the shall be solely and exclusively
responsible for the payment of its debts, liabilities and obligations, and that
no other fund shall be responsible for the same.
STATE STREET RESEARCH
FINANCIAL TRUST
By: /s/ Gerard P. Maus
------------------
Gerard P. Maus
Treasurer
Accepted and Agreed To:
As of December 30, 1999
STATE STREET BANK AND
TRUST COMPANY
By: /s/ Ronald E. Logue
-------------------
Ronald E. Logue
Vice Chairman
