Amendment to Administration Agreement Between JNL Investors Series Trust and Jackson National Asset Management, LLC

EX-99.23(h)(16)

Amendment

to

Administration Agreement

Between

JNL Investors Series Trust

and

Xxxxxxx National Asset Management, LLC

This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (“Administrator”), and JNL Investors Series Trust, a Massachusetts business trust (“Trust”).

Whereas, the Administrator and the Trust entered into an Administration Agreement dated as of December 3, 2007 (“Agreement”), whereby the Administrator agreed to provide certain administrative services to the investment portfolios (“Funds”) of JNL Investors Series Trust (“Trust”).

Whereas, pursuant to the liquidation of certain Funds from the Trust, the following Funds need to be removed from the Agreement:

Xxxxxxx Perspective Core Equity Fund

Xxxxxxx Perspective Large Cap Value Fund

Xxxxxxx Perspective Mid Cap Value Fund

Xxxxxxx Perspective Small Cap Value Fund

Xxxxxxx Perspective Asia Pacific ex-Japan Bond Fund

Xxxxxxx Perspective Asia ex-Japan Fund

Xxxxxxx Perspective Asia ex-Japan Infrastructure Fund

Xxxxxxx Perspective China-India Fund

Xxxxxxx Perspective Emerging Asia ex-Japan Fund

Xxxxxxx Perspective Japan Fund

Xxxxxxx Perspective Asian Pacific Real Estate Fund

Xxxxxxx Perspective European 30 Fund

Xxxxxxx Perspective Pacific Rim 30 Fund

Xxxxxxx Perspective Global Basics Fund

Xxxxxxx Perspective Global Leaders Fund

Xxxxxxx Perspective Pan European Fund

The parties further agree to amend the Agreement as follows:

1.   Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated July 15 2009, attached hereto.

2.   Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated July 15, 2009, attached hereto.

This Amendment may be executed in two or more counterparts, which together shall constitute one document.

In Witness Whereof, the Administrator and the Trust have caused this Amendment to be executed as of this 15th day of July, 2009.

Xxxxxxx National Asset Management, LLC	JNL Investors Series Trust
By:           /s/ Xxxx X. Xxxxx	By:        /s/ Xxxxx X. Xxxx
Name:      Xxxx X. Xxxxx	Name:   Xxxxx X. Xxxx
Title:        President	Title:     Vice President, Counsel & Secretary

Schedule A

Dated July 15, 2009

Fund	Class(es)
Xxxxxxx Perspective 5 Fund	Class A, Class C
Xxxxxxx Perspective Index 5 Fund	Class A, Class C
Xxxxxxx Perspective Money Market Fund	Class A
Xxxxxxx Perspective Optimized 5 Fund	Class A, Class C
Xxxxxxx Perspective S&P 4 Fund	Class A, Class C
Xxxxxxx Perspective 10 x 10 Fund	Class A, Class C
Xxxxxxx Perspective Total Return Fund	Class A, Class C
Xxxxxxx Perspective VIP Fund	Class A, Class C
JNL Money Market Fund	Institutional Class

Schedule B

Dated July 15, 2009

Funds	Fee
Xxxxxxx Perspective 5 Fund (Class A)	0.10%
Xxxxxxx Perspective 5 Fund (Class C)	0.10%
Xxxxxxx Perspective Index 5 Fund (Class A)	0.10%
Xxxxxxx Perspective Index 5 Fund (Class C)	0.10%
Xxxxxxx Perspective Money Market Fund (Class A)	0.10%
Xxxxxxx Perspective Optimized 5 Fund (Class A)	0.10%
Xxxxxxx Perspective Optimized 5 Fund (Class C)	0.10%
Xxxxxxx Perspective S&P 4 Fund (Class A)	0.10%
Xxxxxxx Perspective S&P 4 Fund (Class C)	0.10%
Xxxxxxx Perspective 10 x 10 Fund (Class A)	0.00%
Xxxxxxx Perspective 10 x 10 Fund (Class C)	0.00%
Xxxxxxx Perspective Total Return Fund (Class A)	0.10%
Xxxxxxx Perspective Total Return Fund (Class C)	0.10%
Xxxxxxx Perspective VIP Fund (Class A)	0.10%
Xxxxxxx Perspective VIP Fund (Class C)	0.10%
JNL Money Market Fund (Institutional Class)	0.00%