NORTHWESTERN MUTUAL SERIES FUND, INC.

Exhibit (h)2(a)(2)

NORTHWESTERN MUTUAL SERIES FUND, INC.

000 Xxxx Xxxxxxxxx Xxxxxx

Milwaukee, Wisconsin 53202

May 12, 2016

Xxxxx Street Advisors, LLC

000 Xxxx Xxxxxxxxx Xxxxxx

Milwaukee, WI 53202

Re: Agreement to Waive Xxxxx Street Advisors, LLC Investment Advisory Fees Relating to Certain Portfolios of Northwestern Mutual Series Fund, Inc.

Gentlemen:

This letter constitutes an agreement between Xxxxx Street Advisors, LLC (“MSA”) and Northwestern Mutual Series Fund, Inc. (“Series Fund”) regarding the investment advisory fee for the Series Fund’s Research International Core and Emerging Markets Equity Portfolios. MSA agrees to waive, from May 12, 2016 through April 30, 2017 (unless renewed by the parties hereto), its investment advisory fee applicable to each Portfolio such that the investment advisory fee is as follows:

Research International Core Portfolio

Assets		Fee
Up to $150 million		0.83%
$150 million - $300 million		0.77%
$300 million - $500 million		0.70%
Excess over $500 million		0.63%

Emerging Markets Equity Portfolio

Assets		Fee
Up to $250 million		1.01%
$250 million- $500 million		0.93%
$500 million- $1 billion		0.91%
Excess over $1 billion		0.78%

Page 1 of 2

This letter supersedes all prior agreements between the parties relating to the same matters.

Very truly yours,
NORTHWESTERN MUTUAL SERIES FUND, INC.
By:		/s/ Xxxx X. Xxxxxxx
		Name:    Xxxx X. Xxxxxxx
		Title:      President

Agreed to and accepted:

XXXXX STREET ADVISORS, LLC

By:		/s/ Xxxx X. Xxxxxxx
		Name:    Xxxx X. Xxxxxxx
		Title:      President

Page 2 of 2