EX-99.23(d)(20)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNLNY VARIABLE FUND I LLC
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This AMENDMENT is by and between JNLNY Variable Fund I LLC, a Delaware
limited liability company (the "Fund") and Xxxxxxx National Asset Management,
LLC, a Michigan limited liability company (the "Adviser").
WHEREAS, the Fund and the Adviser entered into an Investment Advisory and
Management Agreement dated January 31, 2001 (the "Agreement"), whereby the Fund
retained the Adviser to perform investment advisory and management services for
the Funds enumerated in the Agreement; and
WHEREAS, the JNL/Mellon Capital Management DowSM 10 Fund, JNL/Mellon
Capital Management S&P(R) 10 Fund, and JNL/Mellon Capital Management Global 15
Fund have been merged into the JNL/Mellon Capital Management JNL 5 Fund of the
JNL Variable Fund LLC.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated April 30, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated April 30, 2007, attached hereto.
3. The Fund and the Adviser agree to abide and be bound by all of the
terms and conditions set forth in the Agreement.
IN WITNESS WHEREOF, the Fund and the Adviser have caused this Agreement to
be executed by their duly authorized officers as of the 30th day of April, 2007.
JNLNY VARIABLE FUND I LLC XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
By: __________________________________ By: _________________________________
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel, and Secretary Title: President
SCHEDULE A
DATED APRIL 30, 2007
(List of Funds)
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JNL/Mellon Capital Management Nasdaq(R) 15 Fund
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JNL/Mellon Capital Management Value Line(R) 25 Fund
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JNL/Mellon Capital Management DowSM Dividend Fund
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JNL/Mellon Capital Management S&P(R) 24 Fund
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SCHEDULE B
DATED APRIL 30, 2007
(Compensation)
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FUND ASSETS ADVISORY FEE
(ANNUAL RATE BASED ON
AVERAGE NET ASSETS OF EACH
FUND)
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JNL/Mellon Capital Management Nasdaq(R) 15 Fund $0 to $50 million .37%
$50 to $100 million .31%
$100 million to $750 million .28%
Over $750 million .27%
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JNL/Mellon Capital Management Value Line(R) 25 Fund $0 to $50 million .37%
$50 to $100 million .31%
$100 million to $750 million .28%
Over $750 million .27%
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JNL/Mellon Capital Management DowSM Dividend Fund $0 to $50 million .37%
$50 to $100 million .31%
$100 million to $750 million .28%
Over $750 million .27%
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JNL/Mellon Capital Management S&P(R) 24 Fund $0 to $50 million .37%
$50 to $100 million .31%
$100 million to $750 million .28%
Over $750 million .27%
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