EX-99.23d(59)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
X.X. XXXXXX INVESTMENT 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 X.X. Xxxxxx Investment Management Inc., a Delaware corporation
and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 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, 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; and
WHEREAS, in order to reflect a change in sub-adviser, Schedule A and
Schedule B must 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 ______________, 2003, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated ______________, 2003, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this _____ day of _____________, 2003.
XXXXXXX NATIONAL ASSET X.X. XXXXXX INVESTMENT
MANAGEMENT, LLC MANAGEMENT INC.
By: By:
-------------------------- ------------------------------
Name: Xxxxxx X. Xxxxxxx Name:
-------------------- ---------------------------
Title: President Title:
----------------------- --------------------------
SCHEDULE A
DATED SEPTEMBER 25, 2003
(Funds)
JNL/JPMorgan International Value Fund
SCHEDULE B
DATED ____________________, 2003
(Compensation)
JNL/JPMorgan International Value Fund
Average Daily Net Assets Annual Rate
0 to $50 Million: .55%
$50 Million to $200 Million: .50%
$200 Million to $350 Million: .45%
Amounts over $350 Million: .40%
