EX-99.23(d)(82)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
LAZARD ASSET MANAGEMENT LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and LAZARD ASSET MANAGEMENT LLC, a Delaware limited liability
company 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, 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.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated January 1, 2005, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of January, 2005.
XXXXXXX NATIONAL ASSET LAZARD ASSET
MANAGEMENT, LLC MANAGEMENT LLC
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxxx X Xxxxxxxx
----------------------------- --------------------------------
Name: XXXXXX X. XXXXXXX Name: Xxxxxxx X Xxxxxxxx
-------------------- ------------------------------
Title: PRESIDENT Title: Managing Director
---------------------------- -----------------------------
SCHEDULE B
JANUARY 1, 2005
(Compensation)
JNL/LAZARD SMALL CAP VALUE FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
0 to $500 Million: .50%
Amounts over $500 Million:.45%
JNL/LAZARD MID CAP VALUE FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
0 to $100 Million: .50%
$100 Million to $250 Million: .450%
Amounts over $250 Million:.40%
