Exhibit (d)(7)(iv)
AMENDMENT NO. 3
TO THE INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 3 to Investment Advisory Agreement ("Amendment No. 3"),
dated as of August 18, 2003, between The Equitable Life Assurance Society of the
United States, a New York corporation ("Equitable") and Fund Asset Management,
L.P., a Delaware limited partnership ("Adviser").
Equitable and Adviser agree to modify and amend the Investment Advisory
Agreement, dated as of May 1, 2000, as amended by Amendment No. 1, dated May 21,
2001 and Amendment No. 2, dated December 6, 2001 (together the "Agreement")
between Equitable and Adviser as follows:
1. Equitable hereby terminates its appointment of the Adviser as
the investment adviser for the allocated portion of the EQ/Balanced
Portfolio.
2. Portfolio. Equitable hereby reaffirms its appointment of the
Adviser as the investment adviser for the EQ/Mercury Basic Value Equity
Portfolio on the terms and conditions set forth in the Agreement.
3. Appendix A. Appendix A to the Agreement, setting forth the
Portfolio of the Trust for which the Adviser is appointed as the
investment adviser and the fees payable to the Adviser with respect to
the Portfolio for which the Adviser provides advisory services under the
Agreement, is hereby replaced in its entirety by Appendix A attached
hereto.
4. Ratification. Except as modified and amended hereby, the
Agreement is hereby ratified and confirmed in full force and effect in
accordance with its terms.
IN WITNESS WHEREOF, the parties have executed and delivered this
Amendment No. 3 as of the date first above set forth.
THE EQUITABLE LIFE ASSURANCE FUND ASSET MANAGEMENT, L.P., by
SOCIETY OF THE UNITED STATES Princeton Services, Inc. its General Partner
By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxx
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Xxxxx X. Xxxxx Name: Xxxxxx X. Xxxx
Executive Vice President Title: Managing Director
APPENDIX A
AMENDMENT NO. 3
TO INVESTMENT ADVISORY AGREEMENT
Portfolio Advisory Fee Rate
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EQ/Mercury Basic Value Equity Portfolio .40% of the Portfolios' average daily
net assets up to and including $100
million; .375% of the Portfolios'
average daily net assets over $100
million and up to and including $300
million; and .35% of the Portfolios'
average daily net assets in excess of
$300 million.
