Exhibit (d)7
Amendment No. 4 to the Investment Management Agreement
between Xxxx Xxxxxxx Variable Series Trust I and
Xxxx Xxxxxxx Life Insurance Company
(formerly "Xxxx Xxxxxxx Life Insurance Company")
Reference is made to that certain Investment Management Agreement dated as of
April 12, 1988, by and between Xxxx Xxxxxxx Variable Series Trust I and Xxxx
Xxxxxxx Life Insurance Company, as amended (the "Agreement").
The parties agree to amend the Agreement as follows:
1. The phrase "Xxxx Xxxxxxx Life Insurance Mutual Company" and "JHMLICO"
are deleted wherever shown and the phrases "Xxxx Xxxxxxx Life Insurance
Company" and "JHLICO" are respectively inserted in their place.
2. Subsection (a) of Section 5 of the Agreement, entitled "Investment
Advisory Fee and Expense Limitation," is deleted and the following
inserted in its place:
(a) For the Real Estate Equity Fund (formerly "Real Estate
Portfolio"):
(i) 1.10% on an annual basis of the first $50,000,000 of the
current net assets of such Portfolio;
(ii) 1.00% on an annual basis of that portion of the current
net assets of such Portfolio in excess of $50,000,000
and not over $100,000,000;
(iii) 0.90% on an annual basis of that portion of the current
net assets of such Portfolio in excess of $100,000,000
and not over $200,000,000;
(iv) 0.80% on an annual basis of that portion of the current
net assets of such Portfolio in excess of $200,000,000.
3. The phrase "Real Estate Portfolio" is deleted wherever else shown in
the Agreement, and the phrase "Real Estate Equity Fund" is inserted in
its place.
All other terms and provisions of the Agreement shall remain unchanged and in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and to take effect as of November 1, 2000.
ATTEST: XXXX XXXXXXX VARIABLE SERIES TRUST I
_______________________ By: /s/ Xxxxxxx X. Xxx Xxxx
Title: Chairman and Chief Executive Officer
ATTEST: XXXX XXXXXXX LIFE INSURANCE COMPANY
_______________________ By: /s/ Xxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Investment Strategist
