AMENDMENT #1 TO THE EXPENSE LIMITATION AGREEMENT EFFECTIVE MAY 1, 2004 BETWEEN
USALLIANZ ADVISERS, LLC (THE "INVESTMENT ADVISER") AND USALLIANZ VARIABLE
INSURANCE PRODUCTS TRUST (THE "TRUST"), A DELAWARE BUSINESS TRUST, ON BEHALF OF
EACH OF THE FUNDS, LISTED ON EXHIBIT A BELOW (EACH, A "FUND").
EXHIBIT A
to the Expense Limitation Agreement Between
USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
and
USALLIANZ ADVISERS, LLC
May 1, 2005
NAME OF FUND EXPENSE LIMITATION
USAZ AIM Basic Value Fund 1.20%
USAZ AIM International Equity Fund 1.45%
USAZ Xxxxx NY Venture Fund 1.20%
USAZ Dreyfus Founders Equity Growth Fund 1.20%
USAZ Dreyfus Premier Small Cap Value Fund 1.35%
USAZ Franklin Small Cap Value Fund (formerly NFJ Small Cap Value) 1.35%
USAZ Xxxxxxxx 20/20 Focus Fund 1.20%
USAZ Xxxxxxxx Growth Fund 1.20%
USAZ Xxxx Xxxxx Growth Fund (formerly AIM Dent Demographic Trends) 1.30%
USAZ Xxxx Xxxxx Value Fund (formerly PIMCO G&I) 1.20%
USAZ Xxxxxxxxxxx Emerging Growth Fund 1.35%
USAZ Xxxxxxxxxxx Emerging Technologies Fund 1.35%
USAZ Xxxxxxxxxxx Global Fund 1.45%
USAZ Xxxxxxxxxxx International Growth Fund 1.45%
USAZ Xxxxxxxxxxx Main Street Fund 1.20%
USAZ PEA Renaissance Fund 1.30%
USAZ PEA Value Fund 1.20%
USAZ Salomon Brothers Large Cap Growth Fund (formerly AIM Blue Chip) 1.20%
USAZ Salomon Brothers Small Cap Growth Fund 1.35%
USAZ Money Market Fund 0.87%
USAZ Xxx Xxxxxx Aggressive Growth Fund 1.30%
USAZ Xxx Xxxxxx Xxxxxxxx Fund 1.20%
USAZ Xxx Xxxxxx Emerging Growth Fund 1.20%
USAZ Xxx Xxxxxx Equity and Income Fund 1.20%
USAZ Xxx Xxxxxx Global Franchise Fund 1.45%
USAZ Xxx Xxxxxx Growth and Income Fund 1.20%
USAZ Xxx Xxxxxx Mid Cap Growth Fund 1.30%
USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
By: /s/ Xxxxxxx Xxxxxx
____________________________________
Xxxxxxx Xxxxxx, President
USALLIANZ ADVISERS, LLC
By: /s/ Xxxxxxx Xxxxxx
____________________________________
Xxxxxxx Xxxxxx, President
