ANTI-MONEY LAUNDERING AMENDMENT



     This ANTI-MONEY LAUNDERING AMENDMENT (this "Amendment") amends as of the
23rd day of October 2002 (the "Effective Date"), the Transfer Agency Service
Agreement, dated as of November 7, 1997, between Cash Assets Trust (the "Fund")
and PFPC Inc. ("PFPC") (the "Agreement").

     For valuable consideration the receipt and sufficiency of which the parties
hereto hereby acknowledge, the Fund and PFPC hereby agree that, as of the
Effective Date, the Agreement shall (without any further action by either of the
parties hereto) be amended as follows:

     1. Anti-Money Laundering. As of the Effective Date, the Agreement is
amended by adding the following new provision:

     "Anti-Money Laundering. PFPC has implemented various anti-money laundering
     ("AML") procedures as described below, which it has found to be reasonable,
     and the Fund desires to delegate certain AML procedures to PFPC, as
     permitted by the USA PATRIOT Act (the "PATRIOT Act") and the regulations
     promulgated hereunder. Consequently, the Fund and PFPC desire to amend the
     Agreement to reflect such services explicitly as follows:

     To the extent the other provisions of this Agreement require PFPC to
     establish, maintain and monitor accounts of investors in the Fund
     consistent with securities laws, PFPC shall perform all reasonable actions
     necessary to help the Fund be in compliance with United States Federal AML
     laws applicable to investor activity, including the Bank Secrecy Act and
     the PATRIOT Act as follows: In this regard, PFPC shall: (a) establish and
     implement written internal policies, procedures and internal controls
     reasonably designed to prevent the Fund from being used to launder money or
     finance terrorist activities and to achieve compliance with the applicable
     provisions of the Bank Secrecy Act and the implementing regulations
     thereunder; (b) undertake to revise such AML procedures as necessary or
     appropriate; (c) provide for independent testing, by an employee who is not
     responsible for the operation of PFPC's AML program or by an outside party,
     for compliance with PFPC's established policies and procedures; (d)
     designate a person or persons responsible for implementing and monitoring
     the operation and internal controls of PFPC's AML program; and (e) provide
     ongoing training of PFPC personnel relating to the prevention of
     money-laundering activities. Upon the reasonable request of the Fund, PFPC
     shall provide to the Fund's AML Compliance Officer: (x) a copy of PFPC's
     written AML policies and procedures (it being understood such information
     is to be considered confidential and treated as such and afforded all
     protections provided to confidential information under this Agreement): (y)
     a copy of a written assessment or report prepared by the party performing
     the independent testing for compliance (or a summary thereof, at PFPC's
     option), or a certification that the findings of the independent party are
     satisfactory; and (z) a summary of the AML training provided for
     appropriate personnel. In addition, PFPC shall provide the Fund with
     information necessary for the Fund to prepare and file Form 8300 and any
     other suspicious activity reports, required under AML laws, in connection
     with suspicious activity PFPC detects. PFPC agrees to permit inspections
     relating to its AML program by U.S. Federal departments or regulatory
     agencies with appropriate jurisdiction and to make available to examiners
     from such departments or regulatory agencies such information and records
     relating to its AML program as such examiners shall reasonably request."

     2. General. This Amendment contains the entire understanding between the
parties with respect to the services contemplated hereby. Except as expressly
set forth herein, the Agreement shall remain unaffected hereby.

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


     CASH ASSETS TRUST




     By:   /s/ Diana P. Herrmann
           _____________________________________
     Name:   Diana P. Herrmann
     Title:  President



     PFPC INC.



     By:    /s/ Lynne M. Cannon
            ______________________________________
     Name:    Lynne M. Cannon
     Title:   Vice President and Director
              Transfer Agency Division