89
Exhibit 23(d)19
Fundamental Value
Xxxx Xxxxxxx Variable Series Trust I
Xxxxxxx X. Xxx Xxxx
Chairman and Trustee
[LOGO] Xxxx Xxxxxxx (R)
Financial Services
July 1, 2002
Wellington Management Company, LLP
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxx X. Xxxxx
Assistant Vice President
Re: Fundamental Value Fund (formerly known as "Large/Mid Cap Value Portfolio")
Sub-Investment Management Agreement dated as of August 12, 1999
Dear Xx. Xxxxx:
This letter will memorialize our mutual agreement to amend the captioned
agreement (a) by deleting the former name of the Subject Portfolio wherever
shown and inserting the new name captioned above in its place, effective as of
May 1, 2002 and (b) by revising Schedule I to such agreement, effective as of
July 1, 2002, to adjust the current fee schedule for the Fundamental Value Fund.
Attached is a revised copy of Schedule I which decreases the fee to 50 basis
points on the first $25 million of Net Assets. Please substitute copies of the
attached Schedule I for the old copies of Schedule I in your files.
Kindly acknowledge receipt of this letter and the attachment, and indicate
your agreement to these amendments, by signing and returning the duplicate of
this letter. Thank you.
XXXX XXXXXXX XXXX XXXXXXX VARIABLE
LIFE INSURANCE COMPANY SERIES TRUST I
90
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxxx X. Xxx Xxxx
---------------------------------- -----------------------------------
Xxxxxx X. Xxxxxxx Xxxxxxx X. Xxx Xxxx
Senior Vice President & Chairman and Trustee
Chief Investment Strategist
Received and agreed to:
Wellington Management Company, LLP
By: /s/ Xxxxxxxx X. Xxxxxx
----------------------------------
Name: Xxxxxxxx X. Xxxxxx
Title: Senior Vice President
SCHEDULE I
(As of July 1, 2002)
FEES
Fundamental Value Fund*
Current Net Assets Under Management Sub-Investment Management Fee
-------------------------------------- -------------------------------
On the first $50 million of Net Assets Fifty (50) basis points (0.50%)
On the next $50 million of Net Assets Forty (40) basis points (0.40%)
On all Net Assets over $100 million Thirty (30) basis points (0.30%)
*Prior to May 1, 2002, the "Large/Mid Cap Value Portfolio"
