CUSTODY AGREEMENT

                               -----------------



     THIS AGREEMENT made the 14th day of April, 1993, by and between INVESTORS

FIDUCIARY TRUST COMPANY, a trust company chartered under the laws of the state

of Missouri, having its trust office located at 127 West 10th Street, Kansas

City, Missouri 64105 ("Custodian"), and ONE FUND, INC., a Maryland corporation

having its principal office and place of business at 237 William Howard Taft

Road, Cincinnati, Ohio 45219 ("Fund").





                                  WITNESSETH:



     WHEREAS, Fund desires to appoint Investors Fiduciary Trust Company as

custodian of the securities and monies of Fund's International Portfolio

("Portfolio"); and



     WHEREAS, Investors Fiduciary Trust Company is willing to accept such

appointment;



     NOW THEREFORE, for and in consideration of the mutual promises contained

herein, the parties hereto, intending to be legally bound, mutually covenant and

agree as follows:



1. APPOINTMENT OF CUSTODIAN. Fund hereby constitutes and appoints Custodian

   as custodian of the Portfolio which is to include:



   A. Appointment as custodian of the securities and monies at any time owned by

      the Fund and held in the Portfolio; and



   B. Appointment as agent to perform certain accounting and recordkeeping

      functions required of a duly registered investment company in compliance

      with applicable provisions of federal, state and local laws, rules and

      regulations including, as may be required:



      1. Provide information necessary for Fund to file required financial

         reports; maintaining and preserving required books, accounts and

         records as the basis for such reports; and performing certain daily

         functions in connection with such accounts and records.



      2. Calculating daily net asset value of the Portfolio, and





      3. Acting as liaison with independent auditors.







                                       1

{PAGE}



2. DELIVERY OF CORPORATE DOCUMENTS. Fund has delivered or will deliver to

   Custodian prior to the effective date of this Agreement, copies of the

   following documents and all amendments or supplements thereto, properly

   certified or authenticated:



   A. Resolutions of the Board of Directors of Fund appointing Custodian as

      custodian hereunder and approving the form of this Agreement; and



   B. Resolutions of the Board of Directors of Fund designating certain persons

      to give instructions on behalf of Fund to Custodian and authorizing

      Custodian to rely upon written instructions over their signatures.



3. DUTIES AND RESPONSIBILITIES OF CUSTODIAN.



   A. Delivery of Assets

      ------------------



      Fund will deliver or cause to be delivered to Custodian on the effective

      date of this Agreement, or as soon thereafter as practicable, and from

      time to time thereafter, all of the Portfolio's securities acquired by it

      and monies then owned by it except as permitted by the Investment Company

      Act of 1940 or from time to time coming into its possession during the

      time this Agreement shall continue in effect. Custodian shall have no

      responsibility or liability whatsoever for or on account of securities or

      monies not so delivered. All securities so delivered to Custodian (other

      than bearer securities) shall be registered in the name of Fund or its

      nominee, or of a nominee of Custodian, or shall be properly endorsed and

      in form for transfer satisfactory to Custodian.



   B. Delivery of Accounts and Records

      --------------------------------



      Fund shall turn over to Custodian all of the Portfolio's relevant accounts

      and records previously maintained by the Fund or its agent. Custodian

      shall be entitled to rely conclusively on the completeness and correctness

      of the accounts and records turned over to it by Fund, and Fund shall

      indemnify and hold Custodian harmless of and from any and all expenses,

      damages and losses whatsoever arising out of or in connection with any

      error, omission, inaccuracy or other deficiency of such accounts and

      records or in the failure







                                       2

{PAGE}



      of Fund to provide any portion of such or to provide any information

      needed by the Custodian knowledgeably to perform its function hereunder.

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC