AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
WELLINGTON MANAGEMENT COMPANY, LLP
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts limited
liability partnership and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of May 3, 2004 ("Agreement"), whereby Adviser
appointed Sub-Adviser to provide certain sub-investment advisory services to the
investment portfolios of the JNL Series Trust.
WHEREAS, pursuant to the Agreement, the Adviser agreed to pay the
Sub-Adviser for the services provided and the expenses assumed by the
Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and
the Sub-Adviser agreed to accept such sub-advisory fee as full compensation
under the Agreement for such services and expenses.
WHEREAS, in order to reflect the sub-adviser change from Wellington
Management Company, LLP to Capital Guardian Trust Company for two funds: 1)
JNL/Select Large Cap Growth Fund; and 2) JNL/Select Global Growth Fund, Schedule
A and Schedule B must be amended, to delete said funds.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated December 3, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated December 3, 2007, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 3rd day of December, 2007.
XXXXXXX NATIONAL WELLINGTON MANAGEMENT
ASSET MANAGEMENT, LLC COMPANY, LLP
By: _______________________________ By: __________________________
Name: XXXX X. XXXXX Name:_________________________
Title: PRESIDENT Title:________________________
SCHEDULE A
DECEMBER 3, 2007
(Funds)
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JNL/Select Balanced Fund
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JNL/Select Money Market Fund
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JNL/Select Value Fund
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SCHEDULE B
DECEMBER 3, 2007
(Compensation)
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JNL/SELECT BALANCED FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $200 Million: .27%
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$200 to $400 Million: .25%
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Over $400 Million: .23%
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----------------------------------------------------------------------------
JNL/SELECT MONEY MARKET FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $750 Million: .05%*
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Over $750 Million: .04%*
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* THE ASSETS OF THE JNL/SELECT MONEY MARKET FUND OF JNL
SERIES TRUST AND THE ASSETS OF THE JNL MONEY MARKET FUND AND
XXXXXXX PERSPECTIVE MONEY MARKET FUND OF JNL INVESTORS
SERIES TRUST WILL BE COMBINED FOR PURPOSES OF DETERMINING
THE APPLICABLE ANNUAL RATE.
----------------------------------------------------------------------------
JNL/SELECT VALUE FUND
----------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million: .40%
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Over $50 Million: .30%
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