EXHIBIT (d)(2)(i)
FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
USLICO SERIES FUND
This First Amendment, effective as of September 2, 2004, amends the
Investment Management Agreement (the "Agreement") dated May 11, 2001 between
USLICO Series Fund (the "Fund"), a Massachusetts business trust and ING
Investments, LLC, an Arizona limited liability company (the "Manager"), with
regards to The Asset Allocation Portfolio, The Bond Portfolio, The Money Market
Portfolio and The Stock Portfolio, each a Series of the Fund, and any future
Series of the Fund that may become party to the Agreement.
WITNESSETH
WHEREAS, the parties desire to amend the Agreement and agree that the
amendment will be effective as of September 2, 2004.
NOW, THEREFORE, the parties agree as follows:
1. Section 8 of the Agreement is hereby amended by inserting the words
"Board approved" in front of "trade association dues."
2. In all other respects, the Agreement is hereby confirmed and remains in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed as of the day and year first above written.
USLICO SERIES FUND
By: /s/ Xxxxxx X. Naka
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Xxxxxx X. Naka
Senior Vice President
ING INVESTMENTS, LLC
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Executive Vice President
