EX-99.B(d)(2)(iii)
Appendix A
Variable Trust Funds
--------------------
Asset Allocation Fund
Equity Income Fund
Equity Value Fund
Growth Fund
International Equity Fund
Money Market Fund
Small Cap Growth Fund
Total Return Bond Fund
Approved by Board of Trustees: October 24, 2000, November 6, 2001 and February
4, 2003.
Most Recent Annual Approval Date: August 5, 2003.
SCHEDULE A
XXXXX FARGO VARIABLE TRUST
INVESTMENT SUB-ADVISORY AGREEMENT
FEE AGREEMENT
This fee agreement is made as of the 1st day of May, 2003, between Xxxxx
Fargo Funds Management, LLC (the "Adviser") and Xxxxx Capital Management
Incorporated (the "Sub-Adviser") and
WHEREAS, the parties and Xxxxx Fargo Variable Trust (the "Trust") have
entered into an Investment Sub-Advisory Agreement ("Sub-Advisory Agreement")
whereby the Sub-Adviser provides investment management advice to each series of
the Trust as listed in Schedule A to the Sub-Advisory Agreement (each a "Fund"
and collectively the "Funds").
WHEREAS, the Sub-Advisory Agreement provides that the fees to be paid to
the Sub-Adviser are to be as agreed upon in writing by the parties.
NOW THEREFORE, the parties agree that the fees to be paid to the
Sub-Adviser under the Sub-Advisory Agreement shall be calculated as follows on a
monthly basis by applying the following annual rates listed for each Fund listed
in Appendix X.
XXXXX FARGO FUNDS MANAGEMENT, LLC
By: /s/ Xxxxxx Xxxx
-------------------------------------
Xxxxxx Xxxx
Senior Vice President
XXXXX CAPITAL MANAGEMENT INCORPORATED
By: /s/ Xxxxx X'Xxxxx
-------------------------------------
Xxxxx X'Xxxxx
Chief Financial Officer
Appendix A to Schedule A
------------------------
---------------------------------------------------
Name of Fund Sub-advisory Rate
---------------------------------------------------
Asset Allocation Fund 0-1000M 0.15
*1000M 0.10
---------------------------------------------------
Equity Income Fund 0-200M 0.25
200M-400M 0.20
*400M 0.15
---------------------------------------------------
Equity Value Fund 0-200M 0.25
200-400M 0.20
*400M 0.15
---------------------------------------------------
Growth Fund 0-200M 0.25
200-400M 0.20
*400M 0.15
---------------------------------------------------
International Equity Fund 0-200M 0.35
*200M 0.25
---------------------------------------------------
Money Market Fund 0-1000M 0.05
*1000M 0.04
---------------------------------------------------
Small Cap Growth Fund 0-200M 0.25
*200M 0.20
---------------------------------------------------
Total Return Bond Fund 0-400M 0.15
400-800M 0.125
*800M 0.10
---------------------------------------------------
* More Than
