Exhibit h.5
AMENDMENT TO THE ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN
AETNA SERIES FUND, INC.
AND
AELTUS INVESTMENT MANAGEMENT, INC.
AMENDMENT TO THE ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN
AETNA SERIES FUND, INC.
AND
AELTUS INVESTMENT MANAGEMENT, INC.
WITNESSETH:
WHEREAS, Aetna Series Fund, Inc. (the "Company") and Aeltus Investment
Management, Inc. ("Aeltus") entered into an Administrative Services Agreement
(the "Agreement") on December 18, 1998 with respect to certain series of the
Company; and
WHEREAS, the Company has authorized the creation of a new series, Aetna
Principal Protection Fund III ("Series"), and has amended its registration
statement on Form N-1A to register shares of beneficial interest of the Series
with the Securities and Exchange Commission; and
WHEREAS, the Company desires to appoint Aeltus as Administrator of the
assets for such Series;
NOW THEREFORE, it is agreed as follows:
The Company, on behalf of the Series, hereby appoints Aeltus, and
Aeltus hereby accepts appointment, as the Administrator for the Series, in
accordance with all the terms and conditions set forth in the Agreement, and for
an annual fee of 0.10% of the average daily net assets of the Series payable
monthly (in arrears).
Notwithstanding the above, the Administrator may waive a portion or all of the
fees it is entitled to receive. The Administrator has agreed to waive fees so
that the total annual operating expenses (excluding distribution and shareholder
service fees) do not exceed 1.25% of the Series' average daily net assets.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their officers designated below on the date mentioned below.
Aetna Series Fund, Inc. on behalf of
Aetna Principal Protection Fund III
Aeltus Investment Management, Inc.
By: /s/ Xxx X. Xxxxxxxx By: /s/ X. Xxxxx Xxx
-------------------------------- ---------------------------------
Name: Xxx X. Xxxxxxxx Name X. Xxxxx Xxx
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Title: Vice President Title: President
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Date: 2/9/00 Date: 2/9/00
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Attest: Attest:
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx Xxxxxxx
-------------------------------- ---------------------------------
Name: Xxxxxx X. Xxxxxx Name: Xxxxxxx Xxxxxxx
------------------------------ -------------------------------
Title: Assistant Secretary Title: Assistant Secretary
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Date: 2/9/00 Date: 2/9/00
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