FIRST AMENDMENT TO THE
PRINCIPAL VARIABLE CONTRACTS FUND, INC.
SUB-ADVISORY AGREEMENT
The Sub-Advisory Agreement executed and entered into by and between Principal
Management Corporation (formerly known as Princor Management Corporation), an
Iowa corporation, and Invista Capital Management, Inc., an Iowa corporation, on
the 1st day of July, 1997, is hereby amended to add certain series of the
Corporation to the Agreement. Appendix A therefore now reads as follows:
PRINCIPAL VARIABLE CONTRACTS FUNDS, INC.
SUB-ADVISORY AGREEMENT - APPENDIX A
Invista Capital Management, Inc. serves as Sub-Advisor for:
Balanced Account
Capital Value Account
Government Securities Account
Growth Account
International Account
International SmallCap Account
MidCap Account
SmallCap Account
Utilities Account
Executed this 12th day of February , 1998
Principal Management Corporation
/s/ A. S. Filean
by:_________________________________
Invista Capital Management, Inc.
/s/ X. X. Xxxxxx
by:_________________________________