EXHIBIT (h)(2)(B)
FIRST AMENDMENT TO ADMINISTRATION AGREEMENT
FIRST AMENDMENT made as of this 1st day of June, 2001 to the
ADMINISTRATION AGREEMENT, dated October 1, 1999 (the "Agreement") between LSA
VARIABLE SERIES TRUST, a business trust organized and registered under the laws
of the state of Delaware (the "Trust"), and INVESTORS BANK & TRUST COMPANY, a
Massachusetts trust company (the "Bank").
WHEREAS, the Trust and the Bank have entered into the Agreement;
WHEREAS, the Trust and the Bank desire to amend the Agreement;
NOW, THEREFORE, the Trust and the Bank agree to amend the Agreement as
follows:
1. DEFINITIONS. All capitalized terms used herein and not otherwise
defined shall have the meanings assigned to them in the Agreement.
2. FEES AND EXPENSES. Section 5 of the Agreement is hereby amended
by deleting paragraph (a) thereof in its entirety and inserting in lieu
thereof the following:
"(a) For the services to be rendered and the facilities to be furnished
by the Bank, as provided in this Agreement, the Trust will compensate
the Bank as may be agreed in writing between the parties. Such fees do
not include out-of-pocket disbursements of the Bank connected with the
services provided hereunder and for other expenses, for which the Bank
shall be entitled to xxxx the Trust separately and for which Trust
shall reimburse the Bank."
3. APPENDIX C. Appendix C to the Agreement is deleted in its
entirety and reserved.
4. TERM OF AGREEMENT. The first sentence in Section 7 (a) of the
Agreement is hereby amended by replacing the words "The term of this
Agreement shall be three years commencing upon the date hereof" with the
words "This Agreement shall remain in effect until August 1, 2004".
5. ADDITIONAL FUNDS. APPENDIX A to the Agreement shall be amended
by deleting such APPENDIX A in its entirety and inserting in lieu thereof
APPENDIX A as attached hereto.
6. MISCELLANEOUS.
(a) Except as amended hereby, the Agreement shall remain in full
force and effect.
(b) This Amendment may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be executed in their names and on their behalf under their seals by and
through their duly authorized officers, as of the day and the year first
above written.
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LSA VARIABLE SERIES TRUST
By: /s/ Xxxx X. Xxxxxx
---------------------
Name: Xxxx X. Xxxxxx
Title: President
INVESTORS BANK & TRUST COMPANY
By: /s/ Xxxxxx X. Xxxxxx
---------------------
Name: Xxxxxx X. Xxxxxx
Title: Senior Director
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APPENDIX A
LSA VARIABLE SERIES TRUST
FUND LIST
IBT
Account Fund Adviser
------- ---- -------
255 Focused Equity Fund Xxxxxx Xxxxxxx Asset Management
260 Growth Equity Fund Xxxxxxx Sachs Asset Management
265 Disciplined Equity Fund XX Xxxxxx Investment Management
270 Value Equity Fund Salomon Brothers Asset Management
275 Balanced Fund OpCap Advisors
280 Emerging Growth Equity Fund RS Investment Management, L.P.
256 Aggressive Growth Fund Xxx Xxxxxx Investment Advisory Corp.
257 Mid Cap Value Fund Xxx Xxxxxx Investment Advisory Corp.
253 Capital Appreciation Fund Janus Capital Corp.
254 Diversified Mid-Cap Fund Fidelity Management & Research Co.
251 Basic Value Fund A I M Capital Management, Inc.
252 Blue Chip Fund A I M Capital Management, Inc.
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