AMENDMENT No. 3
TO
THE ADMINISTRATIVE SERVICES AGREEMENT
WHEREAS, Aetna Variable Portfolios, Inc. (the "Company") and Aeltus
Investment Management, Inc. ("Aeltus") entered into an Administrative Services
Agreement (the "Agreement") effective January 1, 1999 with respect to certain
portfolios of the Company; and
WHEREAS, the Company has authorized the creation of a new portfolio, Aetna
Technology VP ("Portfolio"), and has amended its registration statement on Form
N-1A to register shares of beneficial interest of the Portfolio with the
Securities and Exchange Commission; and
WHEREAS, the Company desires to appoint Aeltus as Administrator of the
assets for such Portfolio;
NOW THEREFORE, it is agreed as follows:
The Company, on behalf of the Portfolio, hereby appoints Aeltus, and
Aeltus hereby accepts appointment, as the Administrator for the Portfolio, in
accordance with all the terms and conditions set forth in the Agreement, and for
an annual fee payable monthly (in arrears) based on the average daily net assets
of the Portfolio as follows:
Rate Net Assets
---- ----------
0.075% on the 1st $5 billion
0.05% over $5 billion
Notwithstanding the above, the Administrator may waive a portion or all of the
fees it is entitled to receive. Through December 31, 2000, the Administrator has
agreed to waive fees so that the total annual operating expenses do not exceed
1.15% of the Portfolio's average daily net assets.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their officers designated below on the date mentioned below.
Aeltus Investment Management, Inc. Aetna Variable Portfolios, Inc.
on behalf of Aetna Technology VP
By: /s/ Xxxxx X. Xxxxxx By: /s/ J. Xxxxx Xxx
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Name: Xxxxx X. Xxxxxx Name: J. Xxxxx Xxx
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Title: Managing Director Title: President
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Date: April 20, 2000 Date: April 19, 200
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Attest: Attest:
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxx X. Xxxxxx Name: Xxxxxxx Xxxxxxx
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Title: Assistant Secretary Title: Assistant Secretary
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Date: April 20, 2000 Date: April 19, 2000
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