EX-99.(g2)



                        FORM OF AMENDMENT TO CUSTODIAN AGREEMENT

        AMENDMENT TO CUSTODIAN  AGREEMENT,  effective as of May 1, 2007,  by and
between JULIUS BAER GLOBAL EQUITY FUND,  INC., a corporation  established  under
the laws of the State of  Maryland  (the  "Fund"),  and  INVESTORS  BANK & TRUST
COMPANY, a Massachusetts trust company (the "Bank").

        WHEREAS, the Fund and Bank entered into a Custodian Agreement dated July
1, 2004, as amended from time to time (the "Custodian Agreement"); and

        WHEREAS,  the Fund and Bank desire to amend the  Custodian  Agreement as
set forth below.

        NOW,  THEREFORE,  in consideration of the premises set forth herein, the
parties agree as follows:

        1. Amendments.

        Section 16.1 of the Custodian  Agreement is hereby  amended by adding at
the end thereof, the following:

                "In addition, if a majority of the Board of Trustees in its sole
        discretion  determines  that  State  Street  Bank &  Trust  Company,  as
        successor to the Bank ("State  Street") under this Agreement,  beginning
        after  three (3) months  from the date of the final Fund  conversion  to
        State Street's fund accounting  systems,  has failed to meet the service
        standards  as agreed to and  outlined  in the  Service  Level  Agreement
        agreed between the parties in any material  respects for two consecutive
        calendar quarters,  written notice of such  determination  setting forth
        the reasons for such determination shall be provided to the Bank. In the
        event the Bank shall not,  within ninety (90) days  thereafter,  cure in
        all material respects such identified  deficiencies as set forth herein,
        the Fund,  with the  authorization  of the  Board,  may  terminate  this
        Agreement. The Fund's right to terminate this Agreement as a result of a
        failure to meet the service standards as described herein is in addition
        to, and entirely  separate  from,  the Fund's  right to  terminate  this
        Agreement  as a result of a material  breach of the  Agreement  by State
        Street."

        2. MISCELLANEOUS.

        a) Except as amended  hereby,  the Custodian  Agreement  shall remain in
full force and effect.

        b) This Amendment 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 parties hereto have caused this Amendment to be
executed by their  respective  duly  authorized  officers as of the day and year
first written above.



JULIUS BAER GLOBAL EQUITY FUND, INC.

Accepted and approved by:        ____________________
Print Name:                      Tony Williams
Title:                           CEO, Julius Baer Investment Funds

Date:                            ____________________


Accepted and approved by:        ____________________
Print Name:                      Craig Giunta
Title:                           CFO, Julius Baer Investment Funds

Date:                            ____________________




INVESTORS BANK & TRUST COMPANY


Accepted and approved by:        ____________________
Print Name:
Title:
                                 Investors Bank & Trust Company

Date:                            ____________________