EX-99.GCUSTAGREEMT 6 bankfee.txt Global Institutional Services Deutsche Bank James F. Shanley, Jr. Bankers Trust Company Vice President 130 Liberty Street Mail Stop-NYC02-2002 New York, NY 10006 Tel: 212-250-6066 Fax: 212-669-0746 November 7, 2000 Ms. Erica Khatchadourian, CPA Chief of Staff AFL-CIO Housing Investment Trust 1717 K Street, NW Suite 707 Washington, DC 20006 Re Master Custody Fee Schedule ------------------------------ Dear Erica: To continue our much-valued relationship with the AFL-CIO Housing Investment Trust we would like to propose a flat fee arrangement guaranteed for each of the next three years as follows: 2001 $75,000 (effective February 1, 2001) 2002 $80,000 (effective February 1, 2002) 2003 $85,000 (effective February 1, 2003) As it has in the past this fee will cover safekeeping, accounting, reporting and associated Master Custody services and assumes that the asset makeup and complexity of the relationship does not change during this period. Nick or I would be happy to answer any questions you might have on the fees or anything else. Should this fee arrangement meet with your approval I would be happy to prepare a fee schedule for execution. Sincerely, /s/ James F. Shanley --------------------------- cc: Nick Papapierro,BT Date: 12/00 ------------------- Agreed to by: /s/ Erica Khatchadourian -------------------------- Name: Erica Khatchadourian -------------------- Title: Controller --------------------