XXXXXX XXXXXXX XXXX XXXXXX VARIABLE INVESTMENT SERIES
TWO WORLD TRADE CENTER
NEW YORK, NEW YORK 10048
__________, 1999
To Xxxxxx Xxxxxxx Xxxx Xxxxxx Advisors Inc.:
The Investment Management Agreement between you and this Fund (the
"Agreement") provides that in the event the Fund establishes additional
Portfolios with respect to which it desires to retain you to render
investment advisory services under the Agreement, it shall notify you in
writing, and further provides that if you are willing to render such
services, you shall notify the Fund in writing, whereupon such Portfolios
shall become Portfolios under the Agreement.
The Fund hereby informs you that it has established two additional
Portfolios, designated as the AGGRESSIVE EQUITY PORTFOLIO and the SHORT-TERM
BOND PORTFOLIO, and that it desires to retain you to render investment
advisory services to those Portfolios under the Agreement, for which the Fund
shall pay you monthly compensation determined by applying the annual rate of
0.75% to the net assets of the AGGRESSIVE EQUITY PORTFOLIO and 0.45% to the
net assets of the SHORT-TERM BOND PORTFOLIO, in each case determined as of
the close of each business day.
Very truly yours,
XXXXXX XXXXXXX XXXX XXXXXX
VARIABLE INVESTMENT SERIES
by:
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Xxxxxx Xxxxxxx Xxxx Xxxxxx Advisors Inc. hereby notifies Xxxxxx Xxxxxxx Xxxx
Xxxxxx Variable Investment Series of its willingness to render investment
advisory services to the AGGRESSIVE EQUITY PORTFOLIO and the SHORT-TERM BOND
PORTFOLIO under the Agreement, with the fees as specified above.
XXXXXX XXXXXXX XXXX XXXXXX
ADVISORS INC.
by:
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vis/letters/investment management for new portfolios 2-99
