AMENDMENT
TO
INVESTMENT ADVISORY AGREEMENT
The Investment Advisory Agreement between AAL Variable Products Series Fund,
Inc. and Aid Association for Lutherans, effective September 27, 1994, is hereby
amended, effective November 19, 1997, as follows:
Exhibit A attached to the Investment Advisory Agreement is modified to
add the AAL Variable Product International Stock Portfolio and the AAL
Variable Product High Yield Bond Portfolio. An amended Exhibit A, March
1, 1998, is attached hereto.
IN WINESS WHEREOF the parties hereto have caused this Amendment to be signed by
the respective Officers effective as of December 11, 1997.
Attest: AAL VATIABLE PRODUCT SERIES FUND, INC.
By: /s/ Xxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxx
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Xxxx X. Xxxxxxx, Secretary Xxxxxx X. Xxxxx, President
ATTEST: AID ASSOCIATION FOR LUTHERANS
By: /s/ Xxxxxxx X. Xxx By: /s/ Xxxx X. Xxxxxxx
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Xxxxxxx X. Xxx, Senior Vice Xxxx X. Xxxxxxx, President and Chief
President, General Counsel Executive Officer
and Secretary
EXHIBIT A
TO THE AAL VARIABLE PRODUCT SERIES FUND, INC. INVESTMENT ADVISORY AGREEMENT
(Dated September 27, 1994), amended February 28, 1996.
1. The AAL Variable Product Money Market Portfolio
The management fee for this Portfolio, calculated in accordance with
section 6 of the AAL Variable Product Series Fund, Inc. Investment Advisory
Agreement, shall be at the annual rate of 0.35 of 1% on the first $250 million
of average daily net assets and 0.30 of 1% on average daily net assets over $250
million.
2. The AAL Variable Product Large Company Stock Portfolio
The management fee for this Portfolio, calculated in accordance with
section 6 of The AAL Variable Product Series Fund, Inc. Investment Advisory
Agreement, shall be at the annual rate of 0.35 of 1% on the first $250 million
of average daily net assets and 0.30 of 1% on average daily net assets over $250
million.
3. The AAL Variable Product Bond Portfolio
The management fee for this Portfolio, calculated in accordance with
section 6 of The AAL Variable Product Series Fund, Inc Investment Advisory
Agreement, shall be at the annual rate of 0.35 of 1% on the first $250 million
of average daily net assets and 0.30 of 1% on average daily net assets over $250
million.
4. The AAL Variable Product Small Company Stock Portfolio
The management fee for this Portfolio, calculated in accordance with
section 6 of The AAL Variable Product Series Fund, Inc. Investment Advisory
Agreement, shall be at the annual reate of 0.35 of 1% on the first $250 million
of average daily net assets and 0.30 of 1% on average daily net assets over $250
million.
5. The AAL Variable Product Balanced Portfolio
The management fee for this Portfolio, calculated in accordance with
section 6 of The AAL Variable Product Series Fund, Inc. Investment Advisory
Agreement, shall be at the annual rate of 0.35 of 1% on the first $250 million
of average daily net assets and 0.30 of 1% on average daily net assets over $250
million.
6. The AAL Variable Product International Stock Portfolio (effective
March 1, 1998)
The management fee for this Portfolio, calculated in accordance with
section 6 of The AAL Variable Product Series Fund, Inc. Investment Advisory
Agreement, shall be at the annual rate of 0.80 of 1% on the average daily net
assets.
7. The AAL Variable Product High Yield Bond Portfolio (effective March 1,
1998)
The management fee for this Portfolio, calculated in accordance with
section 6 of The AAL Variable Product Series Fund, Inc. Investment Advisory
Agreement, shall be at the annual rate of 0.40 of 1% on the average daily net
assets.
