EXHIBIT (d)(24)
ADDENDUM TO ADVISORY AGREEMENT
The Advisory Agreement made the 9th day of November, 1987, and subsequently
amended on January 17, 1989, January 4, 1994, August 15, 1994, November 20,
1995, December 18, 1998, December 15, 1999, January 28, 2000 and August 14, 2000
between the PACIFIC SELECT FUND (the "Fund"), a Massachusetts business trust,
and PACIFIC LIFE INSURANCE COMPANY (the "Adviser"), a corporation organized
under the laws of California, (the "Agreement") is hereby amended by the
addition of the provisions set forth in this Addendum to the Agreement
("Addendum"), which is made this 27th day of December 2000.
WITNESSETH:
WHEREAS, the Fund is authorized to issue an unlimited number of shares of
beneficial interest ("Beneficial Interest") in separate series with each such
series representing interests in a separate portfolio of securities and other
assets; and
WHEREAS, the Fund currently consists of twenty-two series designated as the
Money Market Portfolio, Managed Bond Portfolio, High Yield Bond Portfolio,
Government Securities Portfolio, Growth Portfolio, Equity Income Portfolio,
Multi-Strategy Portfolio, International Portfolio, Equity Index Portfolio,
Growth LT Portfolio, Equity Portfolio, Bond and Income Portfolio, Emerging
Markets Portfolio, Aggressive Equity Portfolio, Mid-Cap Value Portfolio, Large-
Cap Value Portfolio, Small-Cap Index Portfolio, REIT Portfolio, Diversified
Research Portfolio, International Large-Cap Portfolio, I-Net Tollkeeper
Portfolio, Strategic Value Portfolio, and Focused 30 Portfolio (each referred to
as a "Series" in the Agreement, and hereinafter referred to as a "Portfolio");
and
WHEREAS, the Fund intends to establish nine additional Portfolios to be
designated as the Global Growth Portfolio, Mid-Cap Growth Portfolio, Capital
Opportunities Portfolio, Technology Portfolio, Financial Services Portfolio,
Telecommunications Portfolio, Health Sciences Portfolio, Aggressive Growth
Portfolio, and Blue Chip Portfolio; and
WHEREAS, the Fund desires to appoint the Adviser as manager and investment
adviser to the Global Growth Portfolio, Mid-Cap Growth Portfolio, Capital
Opportunities Portfolio, Technology Portfolio, Financial Services Portfolio,
Telecommunications Portfolio, Health Sciences Portfolio, Aggressive Growth
Portfolio, and Blue Chip Portfolio under the provisions set forth in the
Agreement and in this Addendum; and
WHEREAS, the Adviser is willing to accept such appointment;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained in this Addendum, it is agreed between the parties hereto as follows:
1. In addition to its responsibilities as specified in the Agreement, the
Fund hereby appoints the Adviser to act as manager and investment
adviser with respect to the Global Growth Portfolio, Mid-Cap Growth
Portfolio, Capital Opportunities
Portfolio, Technology Portfolio,Financial Services Portfolio,
Telecommunications Portfolio, Health Sciences Portfolio, Aggressive
Growth Portfolio, and Blue Chip Portfolio which, in addition to all
other Portfolios previously established, shall be deemed one of the
Portfolios under the Agreement, subject to the terms and conditions as
specified in the Agreement, including section six (6), "Compensation",
as amended by this Addendum. ------------
2. Section six (6) ("Compensation") of the Agreement is amended by
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replacing the first paragraph with the following language:
"6. Compensation. For the services provided and the expenses
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borne by the Adviser pursuant to this Agreement, the Fund will pay to
the Adviser a fee at an annual rate on the Money Market Portfolio of
.40% of the first $250 million of the average daily net assets of the
Portfolio, .35% of the next $250 million of the average daily net assets
of the Portfolio, and .30% of the average daily net assets of the
Portfolio in excess of $500 million; on the Managed Bond, High Yield
Bond and Government Securities Portfolios of .60% of the average daily
net assets of the Portfolios; on the Growth, Equity Income, Equity and
Multi-Strategy Portfolios of .65% of the average daily net assets of the
Portfolios; on the Growth LT Portfolio of .75% of the average daily net
assets of the Portfolio; on the Large-Cap Value, International Value and
Mid-Cap Value Portfolios of .85% of the average daily net assets of the
Portfolios; on the Equity Index Portfolio of .25% of the average daily
net assets of the Portfolio; on the Emerging Markets, REIT, Global
Growth, Technology, Financial Services, Telecommunications and Health
Sciences Portfolios of 1.10% of the average daily net assets of the
Portfolios; on the Aggressive Equity and Capital Opportunities
Portfolios of .80% of the average daily net assets of the Portfolios; on
the Small-Cap Index Portfolio of .50% of the average daily net assets of
the Portfolio; on the Diversified Research and Mid-Cap Growth Portfolios
of .90% of the average daily net assets of the Portfolios; on the
International Large-Cap Portfolio of 1.05% of the average daily net
assets of the Portfolio; on the I-Net Tollkeeper Portfolio of 1.50% of
the average daily net assets of the Portfolio; on the Strategic Value,
Focused 30 and Blue Chip Portfolios of 0.95% of the average daily net
assets of the Portfolios; and on the Aggressive Growth Portfolio of
1.00% of the average daily net assets of the Portfolio. This fee shall
be computed and accrued daily and paid monthly."
IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be
executed by their officers designated below on the date written above.
PACIFIC SELECT FUND
Attest: /s/ XXXXXX X. MILFS By: /s/ XXXXXX X. XXXXXX
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Name: Xxxxxx X. Milfs Name: Xxxxxx X. Xxxxxx
Title: Secretary Title: Chairman of the Board & Trustee
PACIFIC LIFE INSURANCE COMPANY
Attest: /s/ XXXXXX X. MILFS By: /s/ XXXXXX X. XXXXXX
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Name: Xxxxxx X. Milfs Name: Xxxxxx X. Xxxxxx
Title: Secretary Title: Chairman of the Board &
Chief Executive Officer
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