INVESTMENT ADVISORY AND MANAGEMENT
SERVICES AGREEMENT
FBL SERIES FUND, INC.
Amendment to Management Fee Schedule
Effective December 1, 1996
Amendment effective December 1, 1996 to the Investment Advisory and Management
Services Agreement dated November 11, 1987 between FBL Series Fund, Inc. and FBL
Investment Advisory Services, Inc. ("FBLIAS"). Pursuant to a resolution adopted
by the Board of Directors on November 7, 1996, FBLIAS wishes to reduce the
management fee rate for the Money Market Portfolio of the Fund.
The fee schedule in paragraph 7 is hereby amended to reflect the reduction in
the Money Market Portfolio management fee as follows:
AVERAGE DAILY NET ASSETS
FIRST SECOND OVER
$200 $200 $400
PORTFOLIO MILLION MILLION MILLION
--------- ------- ------- -------
Managed 0.60% 0.55% 0.50%
Value Growth 0.50% 0.45% 0.40%
High Yield Bond 0.55% 0.50% 0.45%
High Grade Bond 0.40% 0.35% 0.30%
Money Market 0.25% 0.25% 0.25%
Blue Chip 0.25% 0.25% 0.25%
The parties hereto have caused this amendment to be executed and delivered by
the persons designated below on November 7, 1996 to become effective as of the
day and year first written above.
FBL INVESTMENT ADVISORY FBL SERIES FUND, INC.
SERVICES, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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President President
Attest: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Attest: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Secretary Secretary
