Exhibit (d)(13)(i)
AMENDMENT NO. 1
TO
INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 1 to the Investment Advisory Agreement ("Amendment No.
1") dated as of May 1, 2000, between The Equitable Life Assurance Society of the
United States, a New York corporation ("Equitable" or the "Manager") and Capital
Guardian Trust Company, a California corporation (the"Adviser").
Equitable and the Adviser agree to modify and amend the Investment
Advisory Agreement ("Agreement") dated as of May 1, 1999, between them as
follows:
1. New Portfolio. Equitable hereby appoints the Adviser as the investment
adviser of that portion of the total assets of the EQ/Balanced Portfolio
allocated to it from time to time by Equitable on the terms and conditions
contained in the Agreement.
2. Duration. Section 9 of the Agreement is replaced in its entirety as follows:
(a) The Agreement became effective with respect to the Capital Guardian
Research Portfolio, Capital Guardian U.S. Equities Portfolio and Capital
Guardian International Equities Portfolio on May 1, 1999 and will become
effective with respect to the New Portfolio on the date of this amendment.
(b) The Agreement will continue in effect with respect to the Capital
Guardian Research Portfolio, Capital Guardian U.S. Equities Portfolio and
Capital Guardian International Equities Portfolio until May 1, 2001 and may be
continued thereafter pursuant to subsection (d) below.
(c) The Agreement will continue in effect with respect to the New
Portfolio until May 1, 2002 and may be continued thereafter pursuant to
subsection (d) below.
(d) With respect to each Portfolio this Agreement shall continue in
effect annually after the date specified in subsection (b) or (c), as the case
may be, only so long as such continuance is specifically approved at least
annually either by the Board of Trustees or by a majority of the outstanding
voting securities of the Portfolio, provided that in either event such
continuance shall also be approved by the vote of a majority of the Trustees of
the EQ Advisors Trust who are not "interested persons" (as defined in the
Investment Company Act of 1940) ("Independent Trustees") of any party to the
Agreement cast in person at a meeting called for the purpose of voting on such
approval. The required shareholder approval of the Agreement or of any
continuance of the Agreement shall be effective with respect to a Portfolio if a
majority of the outstanding voting securities of the series (as defined in Rule
18f-2(h) under the Investment Company Act of 1940) of shares of such Portfolio
votes to approve the Agreement or its continuance, notwithstanding that the
Agreement or its continuance may not have been approved by a majority of the
outstanding voting securities of (a) any other portfolio affected by this
Agreement or (b) all the portfolios of the Trust.
3. Appendix A. Appendix A to the Agreement, setting forth the Portfolios of the
Trust for which the Adviser is appointed as the investment adviser (or one of
the investment advisers) and the fees payable to the Adviser with respect to
each Portfolio (or portion thereof) for which the Adviser provides advisory
services under the Agreement, is hereby replaced in its entirety by Appendix A
attached hereto.
Except as modified and amended hereby, the Agreement is hereby ratified
and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed and delivered this
Amendment No. 1 as of the date first above set forth.
THE EQUITABLE LIFE ASSURANCE CAPITAL GUARDIAN TRUST COMPANY
SOCIETY OF THE UNITED STATES
By: By:
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Xxxxx X. X'Xxxx Name:
Executive Vice President Title:
APPENDIX A
AMENDMENT NO. 1
INVESTMENT ADVISORY AGREEMENT
Portfolio Annual Advisory Fee
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Capital Guardian Research .50% of the Portfolio's daily net assets
up to and Portfolio including $150 million;
.45% of the Portfolio's daily net assets
over $150 million and up to and including
$300 million; .35% of the Portfolio's daily
net assets over $300 million and up to and
including $500 million; and .30% of the
Portfolio's daily net assets in excess of
$500 million.
Capital Guardian U.S. Equities .50% of the Portfolio's daily net assets up
to and Portfolio including $150 million;
.45% of the Portfolio's daily net assets
over $150 million and up to and including
$300 million; .35% of the Portfolio's daily
net assets over $300 million and up to and
including $500 million; and .30% of the
Portfolio's daily net assets in excess of
$500 million.
Capital Guardian International .65% of the Portfolio's daily net assets up
to and Equities Portfolio including $150
million; .55% of the Portfolio's daily net
assets over $150 million and up to and
including $300 million; .45% of the
Portfolio's daily net assets over $300
million and up to and including $500
million; and .40% of the Portfolio's daily
net assets in excess of $500 million.
EQ/ Balanced Portfolio* .50% of the Capital Guardian Allocated
Portion's average daily net assets of the
first $100 million; .40% of the Capital
Guardian Allocated Portion's average daily
net assets over $100 million and up to and
including $200 million of the Capital
Guardian Allocated Portion's average daily
net assets; and .30% of the Capital Guardian
Allocated Portion's average daily net assets
over $200 million.
* For purposes of calculating the advisory fee for the Capital Guardian U.S.
Equities Portfolio and the EQ/Balanced Portfolio, the total assets of each
of these Portfolios will be aggregated.
