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Exhibit 23(d)12
Equity Index
AMENDMENT TO SUBINVESTMENT MANAGEMENT AGREEMENT
This amendment ("Amendment") is made as of June 1, 2003 by and among Xxxx
Xxxxxxx Variable Series Trust I (the "Series"), State Street Bank and Trust
Company ("Adviser"), and Xxxx Xxxxxxx Life Insurance Company, a Massachusetts
corporation formerly known as "Xxxx Xxxxxxx Mutual Life Insurance Company"
("JHLICO").
RECITALS
A. Series, Adviser and JHLICO are parties to that certain
Sub-Investment Management Agreement among Xxxx Xxxxxxx Variable Series
Trust I, State Street Bank and Trust Company and Xxxx Xxxxxxx Life
Insurance Company dated March 18, 1997, as amended May1, 1998, May 1, 2001
and July 1, 2001 (the Agreement") wherein Adviser is appointed as
sub-investment manager of the Equity Index Fund ("Equity Index Portfolio").
B. The parties hereto desire to amend the terms of the Agreement in
accordance with Rule 12d3-1 under the Investment Company Act of 1940
pursuant to the terms of this Amendment.
AMENDMENT
Now, therefore, for good and valuable consideration, receipt whereof is
hereby acknowledged, the parties hereby agree as follows:
7. Recitals A and B are incorporated herein and made a part hereof.
8. State Street Bank and Trust Company will not consult with any
other sub-manager to the Equity Index Portfolio or to any other
Portfolio of the Series concerning transactions of the Equity
Index Portfolio in securities or other assets, except as such
consultations may be reasonably necessary in order to ensure
compliance with paragraphs (a) and (b) of Rule 12d3-1 under the
1940 Act.
9. This Amendment may be executed in two or more counterparts which
together shall constitute one instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the day first set forth above.
XXXX XXXXXXX VARIABLE
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SERIES TRUST I
By: /s/ Xxxxxxx X. Xxx Xxxx
------------------------------------
Name: Xxxxxxx X. Xxx Xxxx
Title: President and CEO
XXXX XXXXXXX LIFE
INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Senior Vice President and Chief Investment Strategist
State Street Bank and Trust Company
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: President
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