44
Exhibit 23(d)14
Int'l Equity Index
AMENDMENT TO SUBINVESTMENT MANAGEMENT AGREEMENT
This amendment ("Amendment") is made as of March 12, 2003 by and among Xxxx
Xxxxxxx Variable Series Trust I (the "Series"), Independence International
Associates, Inc. ("Adviser"), and Xxxx Xxxxxxx Life Insurance Company, a
Massachusetts corporation formerly known as "Xxxx Xxxxxxx Mutual Life Insurance
Company" ("JHLICO").
RECITALS
A. Series, Adviser and JHLICO are parties to that certain
Sub-Investment Management Agreement among Xxxx Xxxxxxx Variable Series
Trust I, Independence International Associates, Inc. and Xxxx Xxxxxxx Life
Insurance Company dated May 1, 1998, (the "Agreement") wherein Adviser is
appointed as sub-investment manager of the International Equity Index Fund
("International Equity Index Portfolio").
B. The parties hereto desire to amend the terms of the Agreement in
accordance with Rule 12d3-1 under the Investment Company Act of 1940
pursuant to the terms of this Amendment.
AMENDMENT
Now, therefore, for good and valuable consideration, receipt whereof is
hereby acknowledged, the parties hereby agree as follows:
1. Recitals A and B are incorporated herein and made a part hereof.
2. Independence International Associates, Inc. will not consult with
any other sub-manager to the International Equity Index Portfolio or to any
other Portfolio of the Series concerning transactions of the International
Equity Index Portfolio in securities or other assets, except as such
consultations may be reasonably necessary in order to ensure compliance
with paragraphs (a) and (b) of Rule 12d3-1 under the 1940 Act.
3. This Amendment may be executed in two or more counterparts which
together shall constitute one instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the day first set forth above.
45
XXXX XXXXXXX VARIABLE SERIES TRUST I
By: /s/ Xxxxxxx X. Xxx Xxxx
--------------------------------------
Name: Xxxxxxx X. Xxx Xxxx
Title: President and CEO
XXXX XXXXXXX LIFE INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Senior Vice President and Chief Investment Strategist
Independence International Associates, Inc.
By: /s/ Xxxxxx X. Xxxxxx
--------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: COO
46
