ADDENDUM TO INVESTMENT MANAGEMENT AND SERVICES AGREEMENT
"Part Two: COMPENSATION TO INVESTMENT MANAGER" paragraph (1) of the Investment
Management and Services Agreement between IDS Life Series Fund, Inc. (the Fund)
and IDS Life Insurance Company (IDS Life) dated December 17, 1985, has been
modified as follows. All other provisions of this Investment Management and
Services Agreement remain in full force and effect.
(1) The Fund agrees to pay IDS Life, and IDS Life covenants and agrees to accept
from the Fund in full payment for all the services furnished, and for the use of
all facilities and equipment, and for all expenses paid or reimbursed by IDS
Life hereunder, a fee for each calendar day of each year equal to the total of
1/365th (1/366th in each leap year) of:
.70 percent for the Equity Portfolio
.70 percent for the Income Portfolio
.70 percent for the Managed Portfolio
.70 percent for the Government Securities Portfolio .95 percent for the
International Equity Portfolio and .50 percent for the Money Market
Portfolio
to be computed for each day on the basis of net assets as of the close of
business of the full business day two (2) business days prior to the day for
which the computation is being made. In the case of the suspension of the
computation of net asset value, the said fee for each day during such suspension
shall be computed as of the close of business on the last full business day on
which the net assets were computed. As used herein, "net assets" as of the close
of a full business day shall include all transactions in shares of the Fund
recorded on the books of the Fund for that day.
IN WITNESS WHEREOF, the
parties have executed the
Addendum as of the 28th day
of October, 1994
IDS LIFE SERIES FUND, INC.
Attest: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx Xxxxxx Xxxxxxx X. Xxxxx
Title: Secretary Title: President
IDS LIFE INSURANCE COMPANY
Attest: /s/ Xxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxxxxxx
Xxxxx Xxxxxxx Xxxxxxx X. Xxxxxxxxxx
Title: Assistant Secretary Title: Vice President
