EXETER FUND, INC.
FORM OF
SUPPLEMENT TO INVESTMENT ADVISORY AGREEMENT
SCHEDULE A
World Opportunities Series II
All-Equity Series
SUPPLEMENT TO INVESTMENT ADVISORY AGREEMENT (the "Agreement") dated as of
April 30, 1993 between Exeter Fund, Inc. (the "Fund") and Xxxxxxx & Xxxxxx
Advisors, Inc. (the "Advisor").
RECITALS
The Fund has executed and delivered the Investment Advisory Agreement dated
as of April 30, 1993 (the "Agreement"), between the Fund and the Advisor. The
Agreement sets forth the rights and obligation of the parties with respect to
the management of the Series of the Fund. The Fund has created two additional
Series: World Opportunities Series II and All-Equity Series;(the "Additional
Series").
AGREEMENTS
Now, therefore, the parties agree as follows:
The percentage rate in Schedule A of the Agreement with respect to the
Additional Series will be as set forth below:
SERIES PERCENTAGE
------ ----------
World Opportunities Series II 1.00%
All-Equity Series 1.00%
The parties below have executed this Agreement as of May 9, 2002.
EXETER FUND, INC.
/s/ Xxxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx, President
XXXXXXX & XXXXXX ADVISORS, INC.
/s/ B. Xxxxxx Xxxxxxx
B. Xxxxxx Xxxxxxx, Executive V.P.
