EXHIBIT (g)(1)(ii)

AMENDMENT TO CUSTODY AGREEMENT

     THIS AMENDMENT is made as of December 2, 2008, between U.S. Bank National Association, a national banking association organized and existing under the laws of the United States of America (the “Custodian”), and BB&T Funds, a Massachusetts business trust (the “Trust”).

RECITALS

     WHEREAS, the Trust and the Custodian entered into the certain Custody Agreement, dated August 31, 2006 (as amended, supplemented or modified from time to time, the “Agreement”), pursuant to which the Custodian acts as custodian of the cash and securities of each series of the Trust listed on Exhibit C thereto; and

     WHEREAS, in accordance with Section 14.2 of the Agreement, the Trust and the Custodian wish to amend certain indemnification provisions of the Agreement in connection with the Trust’s securities lending arrangements;

     NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter contained, the parties hereby agree as follows:

     1. Amendment.

     Exhibit D to the Agreement is hereby superseded and replaced with Amended Exhibit D attached hereto.

     2. Miscellaneous.

     (a) Section headings in this Amendment are included for convenience only and are not to be used to construe or interpret this Amendment.

     (b) This Amendment may be executed in counterparts, each of which shall be an original but all of which, taken together, shall constitute one and the same agreement.

     (c) Capitalized terms used but not defined in this Amendment have the respective meanings ascribed to them in the Agreement.

     (d) Except as provided in this Amendment, the provisions of the Agreement remain unchanged and in full force and effect.

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed all as of the day and year first above written.

BB&T FUNDS
By:	/s/ Todd M. Miller
Name:	Todd M. Miller
Title:	Vice President
U.S. BANK NATIONAL ASSOCIATION
By:	/s/ Michael R. McVoy
Name:	Michael R. McVoy
Title:	Vice President

AMENDED AND RESTATED EXHIBIT D
to the
Custody Agreement between BB&T Funds and U.S. Bank, N.A.

Fee Schedule

Custody Fees:

• .005% (.0005) on the first $5 billion in assets

• .004% (.0004) on assets exceeding $5 billion

Securities Lending Program Transfer Fees:

In addition, a fee of $8 per transfer will be assessed for each transfer of securities from U.S. Bank, N.A. to Mellon Bank, N.A. (or an affiliate thereof) made on behalf of BB&T Funds in connection with the BB&T Funds’ securities lending program.

Amended Exhibit D (continued) to the
Custody Agreement between BB&T Funds and U.S. Bank, N.A.

BB & T Funds
GLOBAL SUB-CUSTODIAL SERVICES
BANK OF NEW YORK — ANNUAL FEE SCHEDULE

		Safekeeping		Transaction
Country	Instrument	(BPS)		Fee
Argentina	All		15.00	$	40
Australia	All		2.00	$	30
Austria	Equities/Bonds		3.50	$	35
Austria	Depo Receipt		20.00	$	35
Austria	non ATS ALL		25.00	$	90
Bahrain	All		50.00	$	140
Bangladesh	All		40.00	$	150
Belgium	All		2.50	$	45
Benin	All		40.00	$	155
Bermuda	All		15.00	$	60
Bolivia	All		60.00	$	150
Botswana	All		25.00	$	50
Brazil	All		15.00	$	35
Bulgaria	All		40.00	$	80
Burkina Faso	All		40.00	$	155
Canada	All		1.25	$	12
Chile	All		20.00	$	60
China-Shanghai	All		15.00	$	65
China-Shenzhen	All		15.00	$	65
Columbia	All		40.00	$	100
Costa Rica	All		15.00	$	60
Croatia	All		35.00	$	65
Cyprus	All		15.00	$	45
Czech Republic	All		20.00	$	50
Denmark	All		3.00	$	50
EASDAQ	All		5.50	$	60
Ecuador	All		35.00	$	65
Egypt	All		40.00	$	100
Estonia	All		7.00	$	25
Euromarkets	All		1.50	$	10
Finland	All		5.00	$	45
France	All		2.50	$	45
Germany	All		1.00	$	30
Ghana	All		25.00	$	50
Greece	All		20.00	$	105
Guinea Bissau	All		40.00	$	155
Hong Kong	All		6.00	$	60
Hungary	All		35.00	$	135
Iceland	All		28.00	$	80
India	All		65.00	$	250
Indonesia	All		12.00	$	100
Ireland	All		3.00	$	30
Israel	All		15.00	$	45
Italy	All		3.00	$	50
Ivory Coast	All		40.00	$	155
Jamaica	All		35.00	$	50
Japan	All		1.50	$	15
Jordan	All		40.00	$	125
Kazakhstan	Equities		60.00	$	150
Kazakhstan	Bonds		40.00	$	160
Kenya	All		30.00	$	50
Latvia	Equities/Bonds		30.00	$	75
Latvia	Gov’t Bonds		15.00	$	75
Lebanon	All		25.00	$	90
Lithuania	All		20.00	$	50
Luxembourg	All		4.00	$	25
Malaysia	All		6.00	$	80
Mali	All		40.00	$	155
Malta	All		22.00	$	75
Mauritius	All		30.00	$	100
Mexico	All		3.00	$	20
Morocco	All		35.00	$	100
Namibia	All		30.00	$	50
Netherlands	All		3.00	$	25
New Zealand	All		3.00	$	40
Niger	All		40.00	$	155
Nigeria	All		30.00	$	50
Norway	All		3.00	$	45
Oman	All		50.00	$	140
Pakistan	All		30.00	$	100
Palestinian	All		45.00	$	140
Panama	All		65.00	$	85
Peru	All		45.00	$	105
Philippines	All		8.00	$	75
Poland	All		25.00	$	50
Portugal	All		15.00	$	85
Qatar	All		45.00	$	140
Romania	All		35.00	$	100
Russia	Equities/Bonds		30.00	$	200
Russia	MINFIN		15.00	$	50
Senegal	All		40.00	$	155
Singapore	All		3.00	$	40
Slovak Republic	All		25.00	$	110
Slovenia	All		25.00	$	110
South Africa	All		3.00	$	15
South Korea	All		10.00	$	20
Spain	All		3.00	$	50
Sri Lanka	All		15.00	$	60
Swaziland	All		30.00	$	50
Sweden	All		2.00	$	45
Switzerland	All		2.00	$	50
Taiwan	All		20.00	$	125
Thailand	All		6.00	$	45
Togo	All		40.00	$	155
Trinidad & Tobago	All		30.00	$	65
Tunisia	All		40.00	$	45
Turkey	All		15.00	$	15
United Kingdom	All		1.50	$	10
Ukraine	All		30.00	$	45
Uruguay	All		50.00	$	65
Venezuela	All		40.00	$	125
Zambia	All		30.00	$	50
Zimbabwe	All		30.00	$	50