EXHIBIT (h)(28)(b)
Amendment No. 1 to Letter Agreement
between
JPMorgan Chase Bank
and
American General Life Insurance Company
The letter agreement, dated as of May 1, 2003, by and among JPMorgan Chase Bank
and American General Life Insurance Company (the "Agreement") is hereby amended
as follows:
Section 2(a) is hereby deleted in its entirety and replaced with the following:
(a) In consideration of the anticipated administrative and shareholder
servicing expense savings resulting from the Company's services set forth
above, Xxxxxx agrees to pay the Company a fee (the "Fee"), computed daily and
paid monthly in arrears, equal to the following percent of the average daily
net asset value of the shares of the Portfolios held in the subaccounts of the
Accounts:
JPMorgan Small Company Portfolio __%
JPMorgan Mid Cap Value Portfolio __%
JPMorgan International Equity Portfolio __%
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
Effective Date as of October 1, 2007.
X.X. Xxxxxx Funds Management Inc.
(formerly JPMorgan Chase Bank)
By:
-------------------------------
Name:
-------------------------------
Title:
-------------------------------
American General Life Insurance Attest:
Company
By:
----------------------------- By: -----------------------------
Name:
----------------------------- Name: -----------------------------
Title:
----------------------------- Title -----------------------------
[CORPORATE SEAL]
