EX-99.23(d)(68)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
A I M CAPITAL MANAGEMENT, INC.
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and A I M CAPITAL MANAGEMENT, INC., a Texas corporation and
registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of October 29, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust; and
WHEREAS, the JNL/AIM Premier Equity II Fund has been merged into JNL/AIM
Large Cap Growth Fund; and
WHEREAS, the sub-advisory fees for the Funds will be amended.
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 May 3, 2004, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated May 3, 2004, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 3rd day of May, 2004.
XXXXXXX NATIONAL ASSET A I M CAPITAL
MANAGEMENT, LLC MANAGEMENT, INC.
By: /s/ XXXXXX X. XXXXXXX By:
---------------------- -----------------------------
Name: XXXXXX X. XXXXXXX Name:
-------------------- -------------------------
Title: PRESIDENT Title:
------------------- -------------------------
SCHEDULE A
DATED MAY 3, 2004
(Funds)
JNL/AIM Large Cap Growth Fund
JNL/AIM Small Cap Growth Fund
SCHEDULE B
DATED MAY 3, 2004
(Compensation)
JNL/AIM LARGE CAP GROWTH FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 TO 50 MILLION: .500%
$50 MILLION TO $200 MILLION: .475%
$200 MILLION TO $500 MILLION: .450%
AMOUNTS OVER $500 MILLION: .400%
JNL/AIM SMALL CAP GROWTH FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 TO 500 MILLION: .65%
AMOUNTS OVER $500 MILLION: .60%
