AMENDMENT NO. 2 TO CUSTODIAN AGREEMENT
This AMENDMENT NO. 2, dated the 30th day of June, 2000, is made by and
between Alleghany Funds, a Delaware business trust (the "Trust") operating
as an open-end management investment company registered under the Investment
Company Act of 1940, as amended, duly organized and existing under the laws
of the State of Delaware and Bankers Trust Company ("Bankers Trust")
(collectively, the "Parties").
WITNESSETH THAT:
WHEREAS, the Trust and Bankers Trust have entered into an agreement dated
June 1, 1997, as amended September 17, 1998, wherein Bankers Trust has
agreed to provide certain custody administration services to the Trust
("Custodian Agreement"); and
WHEREAS, the Parties wish to amend the Custodian Agreement to include
under its terms one additional separate series of shares identified as
Alleghany/Veredus SciTech Fund;
NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the Parties hereto, intending to be legally bound,
do hereby agree to amend Schedule "A" to the Custodian Agreement in
the form attached hereto as Schedule "A".
This Amendment shall take effect upon the date that the respective
amendments to the registration statement of the Trust registering
Alleghany/Veredus SciTech Fund become effective.
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment
consisting of one type written page, together with Schedule "A", to
be signed by their duly authorized officers and their corporate seals
hereunto duly affixed and attested, as of the day and year first above
written.
Alleghany Funds Bankers Trust Company
/s/Kenneth C. Anderson /s/Richard Fogarty
By: Kenneth C. Anderson, President By: Richard Fogarty
/s/Gerald F. Dillenburg /s/Judson K. LaLonde
Attest: Gerald F. Dillenburg, V.P. Attest: Judson K. LaLonde
EXHIBIT "A"
To Custodian Agreement dated as of June 1, 1997, between Bankers Trust Company
and CT&T Funds (now known as Alleghany Funds).
LIST OF PORTFOLIOS
The following is a list of Portfolios referred to in the first WHEREAS clause
of the above-referenced Custodian Agreement.
Alleghany/Montag & Caldwell Growth Fund
Alleghany/Chicago Trust Growth & Income Fund
Alleghany/Chicago Trust Talon Fund
Alleghany/Chicago Trust Balanced Fund
Alleghany/Montag & Caldwell Balanced Fund
Alleghany/Chicago Trust Bond Fund
Alleghany/Chicago Trust Municipal Bond Fund
Alleghany/Chicago Trust Money Market Fund
Alleghany/Chicago Trust SmallCap Value Fund
Alleghany/Veredus Aggressive Growth Fund
Alleghany/Veredus SciTech Fund
Amended: September 17, 1998
Amended: June 30, 2000
