EXHIBIT (d)(1)(D)
ADDENDUM TO MANAGEMENT AGREEMENT
The Management Agreement (the "Agreement") between The GCG Trust
(the "Trust"), a Massachusetts business trust having its principal place of
business at 0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000, and Directed
Services, Inc. ("DSI" or the "Manager"), a New York corporation having its
principal place of business at 0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000,
dated October 24, 1997 is hereby amended by the addition of the provisions
set forth in this Addendum to the Agreement, which is dated as of the 17th
day of August 1999.
WITNESSETH
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WHEREAS, the Trust is authorized to issue an unlimited number of shares of
beneficial interest in separate series, each such series representing interests
in a separate portfolio of securities and other assets; and
WHEREAS, the Trust currently offers shares in multiple series, may offer
shares of additional series in the future, and intends to offer shares of
additional series in the future; and
WHEREAS, the Trust has establihed three new series designated as the
Investors Series, All Cap Series and the Large Cap Growth Series; and
WHEREAS, the Trust desires to appoint DSI as Manager for Large Cap Growth
Series, Investors Series, and the All Cap Series, under the provisions set
forth in the Agreement and in this Addendum to the agreemnt; and
WHEREAS, the Manager is willing to accept such appointment.
NOW THEREFORE, in consideration of the mutual promises and covenants
contained in this Addendum, it is agreed between the parties hereto as
follows:
1. In addition to its responsibilities as specified in the
Agreement, the Trust hereby appoints DSI to act as Manager
with respect to the Large Cap Growth Series, All Cap Series
and the Investors Series which, together with all other Series
previously established and listed on Schedule A to the
Agreement, shall be Series under the Agreement as provided
in paragraph one (1), subject to the terms and conditions
as specified in the Agreement, including paragraph nine (9),
"Compensation".
2. Schedule A to the Agreement shall be replaced with a new
Schedule A, a form of which is attached hereto.
3. Schedule B to the Agreement ("Compensation for Services to
Series") shall be replaced with a new Schedule B, a form of
which is attached hereto.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to
be executed by their officers designated below as of the day and year first
above written.
THE GCG TRUST
/s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxxx Xxxxxxx
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Attest Xxxxxxx Xxxxxxx
Secretary Title: Vice President
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Title
DIRECTED SERVICES, INC.
/s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxxx Xxxxxxx
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Attest Xxxxxxx Xxxxxxx
Executive Vice President Title: Executive Vice President
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Title
SCHEDULE A
The Series of The GCG Trust, as described in the attached Management
Agreement, to which Directed Services, Inc. shall act as Manager are as
follows:
Equity Income Series
Fully Managed Series
Limited Maturity Bond Series
Hard Assets Series
Real Estate Series
All-Growth Series
Liquid Asset Series
Capital Appreciation Series
Rising Dividends Series
Emerging Markets Series
Market Manager Series
Value Equity Series
Strategic Equity Series
Small Cap Series
Mid-Cap Growth Series
Total Return Series
Research Series
Capital Growth Series
Growth Series
Global Fixed Income Series
Growth Opportunities Series
Developing World Series
International Equity Series
Large Cap Value Series
All Cap Series
Investors Series
Large Cap Growth Series
SCHEDULE B
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Directed Services, Inc. (the "Manager") to
the following Series of The GCG Trust (the "Trust"), pursuant to the attached
Management Agreement, the Trust will pay the Manager a fee, payable monthly
for each Series, based on the average daily net assets of the Series at the
following annual rates of the average daily net assets of the Series.
SERIES RATE
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Equity Income, Fully Managed, 1.00% of first $750 million;
Hard Assets, Real Estate, 0.95% of next $1.250 billion;
All-Growth, Capital Appreciation, 0.90% of next $1.5 billion; and
Rising Dividends, Value Equity, 0.85% of amount in excess of $3.5 billion
Strategic Equity, and Small
Cap Series:
Limited Maturity Bond and 0.60% of first $200 million;
Liquid Asset Series: 0.55% of next $300 million; and
0.50% of amount in excess of $500 million
Emerging Markets and 1.75% of average daily net assets
Developing World Series:
Market Manager Series: 1.00% of average daily net assets
Managed Global Series: 1.25% of the first $500 million; and
1.05% on the amount in excess
Capital Growth, Growth, 1.15% of first $250 million;
and Growth Opportunities Series: 1.10% of next $400 million;
1.00% of next $450 million; and
0.95% of amount in excess of $1.1 billion
Mid-Cap Growth, Total Return, 1.00% of first $250 million
and Research Series: 0.95% of next $400 million
0.90% of next $450 million; and
0.85% of amount in excess of $1.1 billion
Global Fixed Income Series: 1.60%
Investors Series 1.00% of first $500 million;
and All Cap Series .95% of next $250 million;
Combined: .90% of next $500 million;
.85% thereafter
Large Cap Value Series: 1.00% of first $500 million
.95% of next $250 million
.90% of next $500 million
.85% thereafter
Large Cap Growth Series: 1.00% of first $500 million
.95% of next $250 million
.90% of next $500 million
.85% thereafter