July 5, 1994
G. T. Capital Management, Inc.
00 Xxxxxxxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
RE: Investment Management and Administration Fee
Agreement for G.T. Global: Variable International Fund
Ladies and Gentlemen:
G.T. Global Variable Investment Series (the "Trust") has appointed G.T. Capital
Management, Inc. ("G.T. Capital") to act as investment manager and administrator
to a new fund organized as a series of the Trust, G.T. Global: Variable
International Fund (the "Fund"), pursuant to the terms of the Investment
Management and Administration Agreement between the Trust and G.T. Capital
currently in effect (the "Management Agreement"). For providing services to the
Fund pursuant to the Management Agreement, the Fund will pay G.T. Capital
investment management and administration fees at the annualized rate of 1.00% of
the Fund's average daily net assets. Such fees are to be calculated daily and
paid monthly by the Fund.
Please indicate your agreement with the provisions of the foregoing paragraph by
executing this letter in the space set forth for such execution below.
Sincerely,
G.T. GLOBAL VARIABLE INVESTMENT SERIES
By: /s/ F. Xxxxxxxxx Xxxxxxx
---------------------------------
F. Xxxxxxxxx Xxxxxxx
Vice President
AGREED AND ACCEPTED:
G.T. CAPITAL MANAGEMENT, INC.
By: /s/ Xxxxx X. Xxxxx
---------------------------------
Xxxxx X. Xxxxx
Vice President - Finance
