ADDENDUM TO INVESTMENT ADVISORY AGREEMENT
The Investment Advisory Agreement (the "Agreement"), made the 8th day of
March, 1990 and amended the 15th day of May, 1995, the 19th day of November,
1997, the 29th day of March, 1999, the 15th day of March, 2002, and the 21st day
of March, 2003 between the OneAmerica Funds, Inc. (the "Fund"), a Maryland
corporation, and American United Life Insurance Company(R) (the "Adviser" or
"AUL"), a life insurance company domiciled in Indiana, is hereby amended by the
addition of the provisions set forth in this addendum to the Agreement, which is
made this 12th day of March, 2004.
WITNESSETH:
WHEREAS, the Fund has appointed American United Life Insurance Company(R)
to serve as the Investment Adviser to the Fund under the terms and conditions of
the Agreement; and
WHEREAS, the Fund has agreed to made certain payments to AUL for performing
the services set forth in the Agreement.
NOW THEREFORE, in consideration of the mutual promises and covenants
contained in this Addendum, it is agreed between the parties hereto as follows:
Paragraph 2(i), "Adviser's Duties," of the Agreement is hereby amended by
this Addendum to read as follows:
(i). Subject to the approval of the Fund's Board of Directors and, to the
extent required by law, the shareholders of Portfolios, the Adviser may
contract with such other parties as it deems appropriate to obtain
investment research, information, investment advisory and management
services and other assistance, but any fees, compensation or expenses to be
paid to any such party shall be paid by the Adviser, and no obligation
shall be incurred on the Fund's behalf in any respect. Notwithstanding the
foregoing, the Adviser may utilize soft dollar commissions earned on Fund
trades for the purpose of obtaining the aforementioned information or
services in lieu of paying for these services outright.
IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be
executed by their officers designated below on the date written above.
On Behalf of ONEAMERICA FUNDS, INC.
/s/ Xxxx X. Xxxxxx /s/ R. Xxxxxxx Xxxxxxxxx
__________________________________ ____________________________________
ATTEST: Xxxx X. Xxxxxx R. Xxxxxxx Xxxxxxxxx
Assistant Secretary to the Chairman of the Board of Directors
Board of Directors
On Behalf of AMERICAN UNITED LIFE INSURANCE COMPANY(R)
/s/ Xxxxxx X. Xxxxx /s/ Xxxxx X. Xxxxxx
__________________________________ ____________________________________
ATTEST: Xxxxxx X. Xxxxx Xxxxx X. Xxxxxx
Secretary to the Chairman of the Board and Chief Executive
Board of Directors Officer
