AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT
This Amendment dated ___________, 2004 to the October 1, 1999 Administrative
Services Agreement by and between First Defined Portfolio Fund, LLC (the
"Fund"), a Delaware limited liability company, and American Skandia Life
Assurance Corporation ("American Skandia" or "the Administrator"), a stock life
insurance company domiciled in Connecticut (the "Agreement").
1. First Trust Advisors L.P., a limited partnership organized under the
laws of the State of Illinois and investment adviser to the Fund (the
"Adviser") is hereby added as a party to the agreement.
2. The fifth paragraph of the agreement is here by amended as follows:
"As compensation for the services rendered under this agreement:
(i) With respect to the assets in the First Trust Pharmaceutical
Sector Portfolio, First Trust Financial Services Sector
Portfolio, First Trust Energy Sector Portfolio and First Trust
Technology Sector Portfolio that were invested in each such
Portfolio through the Separate Account, the Fund shall pay to
the Administrator a fee at an annual rate of 0.325% of such
average daily net assets; and
(ii) With respect to the assets in the Dow Dart 10 Portfolio,
Global Target 15 Portfolio, S&P Target 24 Portfolio, Value
Line Target 25 Portfolio, NASDAQ Target 15 Portfolio, Target
Managed VIP Portfolio, and the First Trust 10 Uncommon Values
Portfolio that were invested in each such Portfolio through
the Separate Account, the Fund shall pay to the Administrator
a fee at an annual rate of 0.325% of such average daily net
assets and the Adviser shall pay to the Administrator a fee at
an annual rate of 0.075% of such average daily net assets; and
(iii) The Adviser shall pay to the Administrator an amount equal to
all of the expenses incurred by the Administrator in
connection with the addition of the Portfolios listed in (ii)
above to the Contracts (described in Schedule A of the
Participation Agreement) as reported by the Administrator to
the Adviser. The Administrator shall notify the Adviser in
writing of the amount of the total expenses so incurred on or
about May 1, 2004 and the Adviser shall pay such amount
promptly after it is so notified."
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their officers designated below on the day and year first above
written.
First Defined Portfolio Fund, LLC, First Trust Advisors L.P.
A Delaware limited liability company
By____________________
By_________________________ Its_____________________
Its__________________________
American Skandia Life Assurance Corporation,
A Connecticut stock life insurance company
By_________________________
Its_____________________