EXHIBIT g(1)(f)


                                AMENDMENT NO. 3
                                       TO
                          SECOND AMENDED AND RESTATED
                               CUSTODY AGREEMENT


Short-Term Investments Co., a Massachusetts business trust ("STIC-Mass"), on
behalf of its Prime Portfolio, assigned all of its rights and obligations under
the Custody Agreement ("Agreement") dated June 16, 1987, as amended, between
STIC-Mass and The Bank of New York (the "Custodian"), to Short-Term Investments
Co., a Maryland corporation (the "Fund"), with respect to its Prime Portfolio on
October 15, 1993 and on October 19, 1993 amended the Agreement to add the Liquid
Assets Portfolio.

Pursuant to Article XVII of the Agreement, the Fund hereby requests that the
Custodian render services as custodian to the following additional portfolio:

                             Cash Assets Portfolio

Please indicate acceptance of this addition by signing and returning this
Amendment to our offices at 11 Greenway Plaza Suite 100, Houston, Texas  77046-
1173.


Effective Date: December 15th, 2001


                                    SHORT-TERM INVESTMENTS CO.


Attest:/s/ LISA A. MOSS             By:/s/ CAROL F. RELIHAN
       --------------------------      ---------------------------

Title: Assistant Secretary          Title: Senior Vice President
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                                    THE BANK OF NEW YORK


Attest:/s/ ILLEGIBLE                By:/s/ IRA R. ROSNER
       --------------------------      ---------------------------

Title: Vice President               Title: Vice President
      ---------------------------         ------------------------