XXXX XXXXXX VARIABLE INVESTMENT SERIES
Two World Trade Center
New York, NY 10048
October , 1996
To Xxxx Xxxxxx InterCapital Inc.:
The Investment Management Agreement between you and this Fund (the
"Agreement") provides that in the event the Fund establishes additional
Portfolios with respect to which it desires to retain you to render investment
advisory services under the Agreement, it shall notify you in writing, and
further provides that if you are willing to render such services, you shall
notify the Fund in writing, whereupon such Portfolios shall become Portfolios
under the Agreement.
The Fund hereby informs you that it has established two additional
Portfolios, designated as the Income Builder Portfolio and the Capital
Appreciation Portfolio, and that it desires to retain you to render investment
advisory services to these Portfolios under the Agreement, for which the Fund
shall pay you monthly compensation determined by applying the annual rate of
__% to the net assets of each of the Income Builder Portfolio and the Capital
Appreciation Portfolio, determined as of the close of each business day.
Very truly yours,
XXXX XXXXXX VARIABLE
INVESTMENT SERIES
by
------------------------------------
Xxxx Xxxxxx InterCapital Inc. hereby notifies Xxxx Xxxxxx Variable Investment
Series of its willingness to render investment advisory services to the Income
Builder Portfolio and the Capital Appreciation Portfolio under the Agreement,
with the fee as specified above.
XXXX XXXXXX INTERCAPITAL INC.
by
------------------------------------
