Common use of TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION Clause in Contracts

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Benchmark will not be fully operable as the sole performance index used to determine the Adviser's Adjustment until the quarter ending February 28, 2003. Until that date, the Adviser's Adjustment will be determined by linking the investment performance of the Benchmark and that of the "Prior Benchmark," 65% of which will comprise of the Stock Index and 35% of which will comprise of the Xxxxxx Brothers Long-Term Corporate AA or Better Bond Index (the "Prior Bond Index") as follows:

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Benchmark will not be fully operable as the sole performance index used to determine the Adviser's Adjustment until the quarter ending February 28March 31, 2003. Until that date, the Adviser's Adjustment will be determined by linking the investment performance of the Benchmark and that of the "Prior Benchmark," 65% of which will comprise of the Stock Index and 35% of which will comprise of the Xxxxxx Brothers Long-Term Corporate AA or Better Bond Index (the "Prior Bond Index") as follows:.

TRANSITION RULE FOR CALCULATING ADVISER'S COMPENSATION. The Benchmark will not be fully operable as the sole performance index used to determine the Adviser's Adjustment until the quarter ending February 28March 31, 2003. Until that date, the Adviser's Adjustment will be determined by linking the investment performance of the Benchmark and that of the "Prior Benchmark," 65% of which will comprise of the Stock Index and 35% of which will comprise of the Xxxxxx Lehman Brothers Long-Term Corporate Xxxxxxate AA or Better Bond Index (the "Prior Bond Index") and 35% of which will comprise of the Blended Equity Composite as follows:.