Common use of Substitution of Party Clause in Contracts

Substitution of Party. Effective as of February 12, 1998, AIMCO is hereby substituted as a party to the Portfolio Management Agreement in the place of PAI. The substitution shall be effective for a period of 120 days after February 11, 1998, and shall be effective thereafter subject to approval of the Management Agreement between AIMCO and the Trust by the vote of a majority of the outstanding voting securities of The Global Interactive/Telecomm Portfolio of the Trust at a meeting of shareholders, which will be held within a 120-day period after February 11, 1998. 1n the event that shareholder of The Global Interactive/Telecomm Portfolio do not approve the Management Agreement as provided above, the Portfolio Management Agreement shall terminate as of the close of business on the 120th day after February 11, 1998.

Substitution of Party. Effective as of February 12, 1998, AIMCO is hereby substituted as a party to the Portfolio Management Agreement in the place of PAI. The substitution shall be effective for a period of 120 days after February 11, 1998, and shall be effective thereafter subject to approval of the Management Agreement between AIMCO and the Trust by the vote of a majority of the outstanding voting securities of The Global Interactive/Telecomm Value Portfolio of the Trust at a meeting of shareholders, which will be held within a 120-day period after February 11, 1998. 1n , In the event that shareholder shareholders of The Global Interactive/Telecomm Value Portfolio do not approve the Management Agreement as provided above, the Portfolio Management Agreement shall terminate as of the close of business on the 120th day after February 11, 1998.

Substitution of Party. Effective as of February 12, 1998, AIMCO is hereby substituted as a party to the Portfolio Management Agreement in the place of PAI. The substitution shall be effective for a period of 120 days after February 11, 1998, and shall be effective thereafter subject to approval of the Management Agreement between AIMCO and the Trust by the vote of a majority of the outstanding voting securities of The Global Interactive/Telecomm Growth Portfolio of the Trust at a meeting of shareholders, which will be held within a 120-day period after February 11, 1998. 1n In the event that shareholder shareholders of The Global Interactive/Telecomm Growth Portfolio do not approve the Management Agreement as provided above, the Portfolio Management Agreement shall terminate as of the close of business on the 120th day after February 11, 1998.

Substitution of Party. Effective as of February 12, 1998, AIMCO is hereby substituted as a party to the Portfolio Management Agreement in the place of PAI. The substitution shall be effective for a period of 120 days after February 11, 1998, and shall be effective thereafter subject to approval of the Management Agreement between AIMCO and the Trust by the vote of a majority of the outstanding voting securities of The Global Interactive/Telecomm Strategic Income Portfolio of the Trust at a meeting of shareholders, which will be held within a 120-day period after February 11, 1998. 1n In the event that shareholder shareholders of The Global Interactive/Telecomm Strategic Income Portfolio do not approve the Management Agreement as provided above, the Portfolio Management Agreement shall terminate as of the close of business on the 120th day after February 11, 1998.

Substitution of Party. Effective as of February 12, 1998, AIMCO is hereby substituted as a party to the Portfolio Management Agreement in the place of PAI. The substitution shall be effective for a period of 120 days after February 11, 1998, and shall be effective thereafter subject to approval of the Management Agreement between AIMCO and the Trust by the vote of a majority of the outstanding voting securities of The Global Interactive/Telecomm the ______________ Portfolio of the Trust at a meeting of shareholders, which will be held within a 120-day period after February 11, 1998. 1n In the event that shareholder shareholders of The Global Interactive/Telecomm the ______________ Portfolio do not approve the Management Agreement as provided above, the Portfolio Management Agreement shall terminate as of the close of business on the 120th day after February 11, 1998.

Substitution of Party. Effective as of February 12, 1998, AIMCO is hereby substituted as a party to the Portfolio Management Agreement in the place of PAI. The substitution shall be effective for a period of 120 days after February 11, 1998, and shall be effective thereafter subject to approval of the Management Agreement between AIMCO and the Trust by the vote of a majority of the outstanding voting securities of The Global Interactive/Telecomm International Growth Portfolio of the Trust at a meeting of shareholders, which will be held within a 120-day period after February 11, 1998. 1n In the event that shareholder shareholders of The Global Interactive/Telecomm International Growth Portfolio do not approve the Management Agreement as provided above, the Portfolio Management Agreement shall terminate as of the close of business on the 120th day after February 11, 1998.