EX-99.23(d)(132)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and PACIFIC INVESTMENT MANAGEMENT COMPANY 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 certain investment portfolios of the JNL Series Trust.
WHEREAS, the Sub-Adviser desires to make material amendments to the
Agreement and the Adviser has agreed to said changes.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
Add the following paragraph as a new paragraph after Section 3(h):
Notwithstanding any other provision to the contrary, the Sub-Adviser shall
have no obligation to perform the following services: (a) shareholder services
or support functions, such as responding to shareholders' questions about the
Funds or their investments or strategies; (b) providing legal advice to the
Funds; (c) providing employees of the Sub-Adviser to serve as officers of the
Funds; or (d) providing the Funds' Chief Compliance Officer and associated
staff.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of September, 2007.
XXXXXXX NATIONAL ASSET PACIFIC INVESTMENT
MANAGEMENT, LLC MANAGEMENT COMPANY LLC
By: _______________________________ By: __________________________
Name: XXXX X. XXXXX Name:_________________________
Title: PRESIDENT Title:________________________
