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Exhibit 23(d)19
Fundamental Value
Xxxx Xxxxxxx Variable Series Trust I
Xxxxxxx X. Xxx Xxxx
Chairman and Trustee
[LOGO] Xxxx Xxxxxxx (R)
Financial Services
July 1, 2003
Wellington Management Company, LLP
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxx X. Xxxxx
Assistant Vice President
Re: Fundamental Value Fund (formerly known as "Large/Mid Cap Value Portfolio")
Sub-Investment Management Agreement
dated as of August 12, 1999 and as amended
Dear Xx. Xxxxx:
This letter will memorialize our mutual agreement to amend the captioned by
revising Schedule I to such agreement, effective as of July 1, 2003, to adjust
the current fee schedule for the Fundamental Value Fund. Attached is a revised
copy of Schedule I which decreases the fee to 40 basis points on the first $100
million of Net Assets and 30 basis points on Net Assets over $100 million.
Please substitute copies of the attached Schedule I for the old copies of
Schedule I in your files.
Kindly acknowledge receipt of this letter and the attachment, and indicate
your agreement to these amendments, by signing and returning the duplicate of
this letter. Thank you.
XXXX XXXXXXX XXXX XXXXXXX VARIABLE
LIFE INSURANCE COMPANY SERIES TRUST I
By: /s/ Xxxxxxx X. Xxx Xxxx By: /s/ Xxxxxxx X. Xxx Xxxx
---------------------------------- ---------------------------------
Xxxxxxx X. Xxx Xxxx Xxxxxxx X. Xxx Xxxx
Senior Vice President Chairman and Trustee
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Received and agreed to:
Wellington Management Company, LLP
By: /s/ Xxxxxx X. XxXxxxxxx
------------------------------------
Name: Xxxxxx X. XxXxxxxxx
Title: Chairman and CEO
SCHEDULE I
(As of July 1, 2003)
Fees
Fundamental Value Fund:
Current Net Assets Under Management Sub-Advisory Fee
----------------------------------- ----------------
On the first $100 million 40 basis points per annum
On net assets over $100 million 30 basis points per annum
