EXHIBIT 99(h)(8)
AMENDMENT,
DATED FEBRUARY 14, 2003,
TO
SERVICE AGREEMENT
BETWEEN RYDEX VARIABLE TRUST
AND RYDEX FUND SERVICES, INC.,
DATED AUGUST 11, 1998,
AS AMENDED
AMENDMENT TO
SERVICE AGREEMENT
BETWEEN
RYDEX VARIABLE TRUST
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Service Agreement between
the Trust and the Servicer, and is hereby incorporated into and made a part of
the Service Agreement:
Section 4 of the Service Agreement is amended, effective February 14,
2003, to read as follows:
"As consideration for the services provided hereunder, the Trust will
pay the Servicer a fee on the last day of each month in which this
Agreement is in effect, at the following annual rates based on the
average daily net assets (the "Assets") of each of the Trust's series
for such month:
U.S. Government Bond Fund 0.20%
U.S. Government Money Market Fund 0.20%
Nova Fund 0.25%
Ursa Fund 0.25%
Arktos Fund 0.25%
Juno Fund 0.25%
OTC Fund 0.25%
Titan 500 Fund 0.25%
Tempest 500 Fund 0.25%
Velocity 100 Fund 0.25%
Venture 100 Fund 0.25%
Large-Cap Europe Fund 0.25%
Large-Cap Japan Fund 0.25%
Mekros Fund 0.25%
Mid-Cap Fund 0.25%
Medius Fund 0.25%
All-Cap Value Fund 0.25%
Banking Fund 0.25%
Basic Materials Fund 0.25%
Biotechnology Fund 0.25%
Consumer Products Fund 0.25%
Core Equity Fund 0.25%
Electronics Fund 0.25%
Energy Fund 0.25%
Energy Services Fund 0.25%
Financial Services Fund 0.25%
Health Care Fund 0.25%
Internet Fund 0.25%
Leisure Fund 0.25%
Precious Metals Fund 0.25%
REIT Fund 0.25%
Real Estate Fund 0.25%
Retailing Fund 0.25%
Sector Rotation Fund 0.25%
Technology Fund 0.25%
Telecommunications Fund 0.25%
Transportation Fund 0.25%
Utilities Fund 0.25%
Xxxxxxx Fund 0.25%
Clermont Fund 0.25%
In the event that this Agreement commences on a date other than on the
beginning of any calendar month, or if this Agreement terminates on a
date other than the end of any calendar month, the fees payable
hereunder by the Trust shall be proportionately reduced according to
the number of days during such month that services were not rendered
hereunder by the Servicer."
In witness whereof, the parties hereto have caused this Amendment to be
executed in their names and on their behalf and through their duly-authorized
officers as of the 14th day of February 2003.
RYDEX VARIABLE TRUST
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By: Xxxxxx X. Xxxxxx, Xx.
Title: President
RYDEX FUND SERVICES, INC.
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By: Xxxxxx X. Xxxxxx, Xx.
Title: President
