Amendment No. 3
TO Amended and Restated Expense Limitation Agreement
AMENDMENT NO. 3 to the Amended and Restated Expense Limitation Agreement,
dated as of April 30, 2004, by and between Met Investors Advisory LLC (the
"Manager") and Met Investors Series Trust (the "Trust").
The Manager and the Trust hereby agree to modify and amend the Amended and
Restated Expense Limitation Agreement effective as of October 9, 2001 (the
"Agreement") between Met Investors Advisory Corp. (now known as Met Investors
Advisory LLC) and the Trust, as amended on May 1, 2002 and May 1, 2003.
1. New Portfolios The Manager and the Trust have determined to add the (1)
Xxxxxxxxx Xxxxxx Real Estate Portfolio, (2) Xxxxxx Midcap Growth Portfolio
and (3) Xxxxxxx Xxxxx Mid Cap Value Portfolio ("New Portfolios") to the
Agreement on the terms and conditions contained in the Agreement, and at
the level of the expense limitation applicable to the New Portfolios as set
forth in the attached schedule.
2. Schedule A Schedule A to the Agreement, as amended, which sets forth the
Portfolios of the Trust, is hereby replaced in its entirety by Amendment
No. 3 to Schedule A attached hereto.
3. Term and Termination of Agreement The Term and Termination provisions of
this Agreement are amended as follows:
This Agreement shall continue in effect with respect to all of the
Portfolios set forth in Amendment No. 3 to Schedule A until April 30, 2005, and
shall thereafter continue in effect with respect to each Portfolio from year to
year provided such continuance is specifically approved by a majority of the
Trustees of the Trust who (i) are not "interested persons" of the Trust or any
other party to this Agreement, as defined in the 1940 Act, and (ii) have no
direct or indirect financial interest in the operation of this Agreement
("Independent Trustees"). Nevertheless, this Agreement may be terminated by
either party hereto, without payment of any penalty, upon ninety (90) days'
prior written notice to the other party at its principal place of business;
provided that, in case of termination by the Trust, such action shall be
authorized by resolution of a majority of the Independent Trustees of the Trust
or by a vote of a majority of the outstanding voting securities of the Trust.
Except as modified and amended hereby, the Agreement is hereby ratified and
confirmed in full force and effect in accordance with its terms.
In WITNESS WHEREOF, the parties have executed and delivered this Amendment
No. 3 as of the date first above set forth.
MET INVESTORS SERIES TRUST MET INVESTORS ADVISORY LLC
ON BEHALF OF EACH OF
ITS PORTFOLIOS
By: ________________________ By: ________________________
Xxxxxxxxx X. Forget Xxxxxxxxx X. Forget
President President
AMENDMENT NO. 3
Schedule A
Maximum Annual Operating Expense Limits
This Agreement relates to the following Portfolios of the Trust:
Maximum Annual
Name of Portfolio Operating Expense Limit
----------------- -----------------------
X.X. Xxxxxx Quality Bond Portfolio 0.70%
Lord Xxxxxx Bond Debenture Portfolio 0.75%
Lord Xxxxxx Mid-Cap Value Portfolio None
Lord Xxxxxx Growth and Income Portfolio None
Lord Xxxxxx Growth Opportunities Portfolio 0.90%
Lord Xxxxxx America's Value Portfolio 0.85%
PIMCO Total Return Portfolio None
PIMCO Innovation Portfolio 1.10%
PIMCO Inflation Protected Bond Portfolio 0.65%
Xxxxxxxxxxx Capital Appreciation Portfolio 0.75%
X. Xxxx Price Mid-Cap Growth Portfolio 0.95%
MFS Research International Portfolio 1.10%
Janus Aggressive Growth Portfolio 0.90%
Met/Xxxxxx Research Portfolio 0.90%
Met/AIM Small Cap Growth Portfolio 1.05%
Met/AIM Mid Cap Equity Portfolio 0.95%
Xxxxxx Oakmark International Portfolio 1.20%
Third Avenue Small Cap Value Portfolio 0.95%
Xxxxxxxxx Xxxxxx Real Estate Portfolio 0.90%
Xxxxxx Mid-Cap Growth Portfolio 1.00%
Xxxxxxx Xxxxx Mid-Cap Value 0.95%
