SPECIAL CUSTODY ACCOUNT AGREEMENT



                                  (Short Sales)



      AGREEMENT,  dated as of September  12, 2007,  by and among Brown  Brothers

Harriman & Co., in its capacity as custodian hereunder ("Bank"), BlackRock Large

Cap Core Plus Fund of BlackRock Large Cap Series Funds,  Inc. (the  "Customer"),

and Morgan Stanley & Co. Incorporated ("Broker").



      WHEREAS,  Broker  is  a  securities   broker-dealer  registered  with  the

Securities and Exchange Commission and a clearing member of The Options Clearing

Corporation  ("OCC") and is a member of several national  securities  exchanges;

and



      WHEREAS,  Customer  desires from time to time to sell  securities  "short"

through  Broker,  such short  sales being  permitted  by  Customer's  investment

policies,  and for that  purpose  has opened one or more  margin  accounts  with

Broker (each an "Account")  and executed  Broker's " Prime Broker Margin Account

Agreement" (the "Customer Agreement"); and



      WHEREAS, to facilitate  Customer's  transactions through Broker,  Customer

and Broker desire to establish  procedures for the compliance by Broker with the

provisions  of  Regulation T of the Board of  Governors  of the Federal  Reserve

System and with the  provisions  of Rule 431 of the New York Stock  Exchange and

other  applicable  requirements and for compliance by Customer with Regulation X

of the Board of Governors of the Federal  Reserve System and other  requirements

("Margin Rules"); and



      WHEREAS, to assist Broker and Customer in complying with the Margin Rules,

Bank is prepared to act as custodian  to hold  Collateral  as defined  below (in

such capacity, Bank is herein called the "Custodian").



      NOW, THEREFORE, be it agreed as follows:



      1. As used herein, the following terms have the following meanings:



      "Adequate  Margin" shall mean such  Eligible  Collateral as is adequate in

Broker's  judgment  under the Margin Rules and the internal  policies of Broker.

For  purposes  hereunder,  Eligible  Collateral  shall be  valued by Broker in a

commercially reasonable manner.



      "Advice from Broker" or "Advise"  means a written  notice sent to Customer

and/or Bank or transmitted by a facsimile sending device, except that for any of

the following  purposes it shall mean notice by telephone to a person designated

by Customer  in writing as  authorized  to receive  such advice or, in the event

that no such  person is  available,  to any officer of  Customer  and  confirmed

promptly in writing thereafter:  (i) for initial or additional Collateral;  (ii)

that Customer

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has defaulted pursuant to paragraph 9(a) hereof.  With respect to any short sale

or covering purchase  transaction,  the Advice from Broker shall mean a standard

confirmation  in use by Broker and sent or transmitted to Customer  and/or Bank.

With  respect to  substitutions  or releases of  Collateral,  Advice from Broker

means a written  notice  signed by an  authorized  person of Broker  and sent or

transmitted  to Customer  and/or Bank. An officer of Broker will certify to Bank

the names and  signatures of those  employees who are authorized to sign Advices

from Broker,  which  certification  may be amended from time to time.  When used

herein the term "Advise" means the act of sending an Advice from Broker.



      "Closing  Transaction"  is  a  transaction  in  which  Customer  purchases

securities which have been sold short.



      "Collateral" means the Special Custody Account,  all Eligible  Collateral,

other  financial  assets or  investment  property and other  property and assets

which is deposited  from time to time in, or credited  from time to time to, the

Special  Custody  Account,  all security  entitlements in respect  thereof,  all

income and profits  thereon,  all  interest,  dividends  and other  payments and

distributions  with respect thereto,  all other property and assets specified as

Collateral in the second  paragraph of Section 4, and all proceeds of any of the

foregoing.



      "Eligible Collateral" means cash, U.S. government securities maintained in

the Treasury/Reserve  Automated Debt Entry System ("TRADES") or other securities

acceptable to Broker.



      "Insolvency" means that (A) an order,  judgment or decree has been entered

under  the  bankruptcy,  reorganization,  compromise,  arrangement,  insolvency,

readjustment  of debt,  dissolution or liquidation or similar law (herein called

the "Bankruptcy Law") of any jurisdiction  adjudicating the Customer  insolvent;

or (B) the Customer has  petitioned or applied to any tribunal for, or consented

to the appointment of, or taking possession by, a trustee, receiver,  liquidator

or similar  official,  of the Customer,  or commenced a voluntary case under the

Bankruptcy Law of the United States or any proceedings  relating to the Customer

under the Bankruptcy Law of any other  jurisdiction,  whether now or hereinafter

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