Exhibit (g)(17)


                         CUSTODIAN AGREEMENT SUPPLEMENT
                               The RBB Fund, Inc.

                              Schneider Value Fund

     This supplemental agreement is entered into this 1st day of August, 2002 by
and between THE RBB FUND, INC. (the "Fund") and PFPC Trust Company ("PFPC
Trust").

     The Fund is a corporation organized under the laws of the State of Maryland
and is an open-end management investment company. The Fund and PFPC Trust have
entered into a Custodian Agreement, dated as of August 16, 1988 (as from time to
time amended and supplemented, the "Custodian Agreement"), pursuant to which
PFPC Trust has undertaken to act as custodian for the Fund with respect to the
portfolios of the Fund, as more fully set forth therein. Certain capitalized
terms used without definition in this Custodian Agreement Supplement have the
meaning specified in the Custodian Agreement.

     The Fund agrees with the Custodian as follows:

     1.   Adoption of Custodian Agreement. The Custodian Agreement is hereby
          adopted for the Schneider Value Fund (the "Portfolio").

     2.   Compensation. As compensation for the services rendered by the
          Custodian during the term of the Custodian Agreement, the Fund will
          pay to the Custodian, with respect to the Portfolio, monthly fees as
          shall be agreed to from time to time by the Fund and PFPC Trust.

     3.   Counterparts. This Agreement may be executed in two or more
          counterparts, each of which shall be deemed an original, but all of
          which together shall constitute one and the same instrument.

     IN WITNESS WHEREOF, the undersigned have entered into this Agreement,
intending to be legally abound hereby, as of the date and year above written.

     THE RBB FUND, INC.                             PFPC TRUST COMPANY

     By:    /s/ Edward J. Roach              By:    /s/ Edward A. Smith III
            -------------------                     -----------------------

     Name:  Edward J. Roach                  Name:  Edward A. Smith III
     Title: President                        Title: Vice President