AMENDMENT NO. 4 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of North America
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC
(the "Fund Administrator") and Allianz Life Insurance Company of North America
(the "Company").
WHEREAS, The Company and the Fund Administrator have entered into an
Administrative Services Agreement, dated as of October 1, 2003, as may be
amended from time to time (the "Agreement"), concerning certain administrative
services with respect to each series ("Fund" or "Funds") of Franklin Xxxxxxxxx
Variable Insurance Products Trust (the "Trust"), which Funds are investment
options in certain variable life insurance and variable annuity contracts issued
by the Company; and
WHEREAS, the Company and the Fund Administrator wish to amend the
Agreement for the purpose of adding certain Funds and updating certain variable
life or variable annuity insurance contracts covered by the Agreement.
NOW, THEREFORE, in consideration of past and prospective business
relations, the Fund Administrator and the Company hereby amend the Agreement as
follows:
1. Schedule B of the Agreement is hereby deleted and replaced in its entirety
with the Schedule B attached hereto.
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of July 31, 2007.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
By: /S/ XXXXXXX X. XXXXX
Name: Xxxxxxx X. Xxxxx
Title: Senior Securities Counsel
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /S/ XXXXXX XXXXXX
Name: Xxxxxx Xxxxxx
Title: Vice President
Allianz ASA Amd #4 2007-7-16.doc
SCHEDULE B
ADMINISTRATIVE EXPENSE PAYMENT
The Fund Administrator agrees to pay the Company a fee, computed daily
and paid quarterly in arrears, equal to an annual rate as set forth below,
applied to the average daily net assets of the shares of the Funds held in the
subaccounts of the Accounts. The payment will be computed and paid in the manner
described more completely in the Agreement.
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
1. Allianz Value CLASS 1 SHARES: 0.10% 10/01/03
Life Franklin Global Communication Securities Fund
33-11158 Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund Franklin Income
Securities Fund Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund Franklin Small
Cap Value Securities Fund Franklin U.S. Government
Fund Franklin Zero Coupon Fund 2010 Mutual Discovery
Securities Fund Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund Templeton Global
Asset Allocation Fund * Xxxxxxxxx Global Income
Securities Fund Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
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Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
2. Allianz Alterity CLASS 2 SHARES: 0.20% 10/01/03
333-82329 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
* This fund is closed to new investors as of 5/1/04.
2
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PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Allianz Alterity Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
(cont'd)
333-82329
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
3. Allianz CLASS 2 SHARES: 0.20% 10/01/03
Dimensions Franklin Global Communications Securities Fund
33-47886 Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund Franklin Income
Securities Fund Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund Franklin Small
Cap Value Securities Fund Franklin U.S. Government
Fund Mutual Discovery Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing Markets
Securities Fund Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
4. Allianz Rewards CLASS 2 SHARES: 0.20% 10/01/03
333-95729 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
3
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
5. Allianz Charter CLASS 2 SHARES: 0.20% 10/01/03
333-63719 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Money Market Fund - Class 2 * 0.05% 10/01/03
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
6. Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
33-23035 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
* This fund is closed to new investors as of 5/1/04.
4
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
7. Valuemark III CLASS 1 SHARES: 0.10% 10/01/03
33-72046 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
8. Valuemark Income CLASS 1 SHARES: 0.10% 10/01/03
Plus Franklin Global Communications Securities Fund
33-76190 Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund Franklin Income
Securities Fund Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund Franklin Small
Cap Value Securities Fund Franklin U.S. Government
Fund Franklin Zero Coupon Fund 2010 Mutual Discovery
Securities Fund Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund Templeton Global
Asset Allocation Fund * Xxxxxxxxx Global Income
Securities Fund * Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
* This fund is closed to new invetors as of 5/1/04.
5
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
9. Valuemark IV CLASS 1 SHARES: 0.10% 10/01/03
333-06709 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
10. Valuemark Life CLASS 1 SHARES: 0.10% 10/01/03
33-15464 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
* This fund is closed to new investors as of 5/1/04.
6
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
11. Allianz Life Fund CLASS 2 SHARES: 0.20% 10/01/03
333-60206 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
12. Allianz High Five CLASS 2 SHARES: 0.20% 10/01/03
333-90260 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
7
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
13. Allianz Charter CLASS 2 SHARES: 0.20% 10/01/03
II Franklin Global Communications Securities Fund
333-101812 Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund Franklin Income
Securities Fund Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund Franklin Small
Cap Value Securities Fund Franklin U.S. Government
Fund Mutual Discovery Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing Markets
Securities Fund Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
14. Allianz High CLASS 2 SHARES: 0.20% 10/01/03
Five Bonus Franklin Global Communications Securities Fund
333-111049 Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund Franklin Income
Securities Fund Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund Franklin Small
Cap Value Securities Fund Franklin U.S. Government
Fund Mutual Discovery Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing Markets
Securities Fund Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund 0.20% 09/21/07
Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
8
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
15. Allianz High CLASS 2 SHARES: 0.20% 04/29/05
Five L Franklin Global Communications Securities Fund
333-120181 Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund Franklin Income
Securities Fund Franklin Large Cap Growth Securities
Fund Franklin Global Real Estate Securities Fund
Franklin Rising Dividends Securities Fund Franklin
Small-Mid Cap Growth Securities Fund Franklin Small
Cap Value Securities Fund Franklin U.S. Government
Fund Mutual Discovery Securities Fund Mutual Shares
Securities Fund Xxxxxxxxx Developing Markets
Securities Fund Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 04/29/05
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Xxxxxxxxx Global Income Securities Funds - Class 2 0.20% 05/01/07
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
16. Allianz Custom CLASS 2 SHARES: 0.20% 05/01/06
Income Franklin Income Securities Fund
333-126217 Franklin U.S. Government Fund
Mutual Shares Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
CLASS 2 SHARES: 0.20% 05/01/07
Mutual Discovery Securities Fund
Xxxxxxxxx Global Income Securities Funds
Franklin Xxxxxxxxx VIP Founding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
9
-------- ------------------ ------------------------------------------------------- ----------- --------------------
PRODUCT NAME/ BEGINNING OF
# SECURITIES ACT FEE PERIOD FOR
NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
17. Allianz Elite CLASS 2 SHARES: 0.20% 05/01/07
333-134267 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07
Franklin Xxxxxxxxx VIP Funding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
18. Allianz Vision CLASS 2 SHARES: 0.20% 05/01/07
333-139701 Franklin Global Communications Securities Fund
Franklin High Income Securities Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
-------- ------------------ ------------------------------------------------------- ----------- --------------------
-------- ------------------ ------------------------------------------------------- ----------- --------------------
Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07
Franklin Xxxxxxxxx VIP Funding Funds Allocation Fund 0.20% 09/21/07
- Class 2
-------- ------------------ ------------------------------------------------------- ----------- --------------------
