Exhibit h.2
AMENDMENT
TO
ADMINISTRATIVE SERVICES AGREEMENT
AMENDMENT
TO
ADMINISTRATIVE SERVICES AGREEMENT
WHEREAS, AETNA SERIES FUND, INC., a Maryland corporation, on behalf of
certain of its series (each a "Series"), has entered into an Administrative
Services Agreement (the "Agreement") with AELTUS INVESTMENT MANAGEMENT, INC., a
Connecticut corporation (the "Administrator"), effective January 1, 1999;
NOW THEREFORE, it is agreed as follows:
The fee waiver provision in Section VII of the Agreement is amended with
respect to the Series referenced below as follows:
Notwithstanding the above, the Administrator may waive a portion or all
of the fees it is entitled to receive. The Administrator has agreed to
waive fees so that the total annual operating expenses do not exceed
0.95% of the average daily net assets of Brokerage Cash Reserves. Through
December 31, 2000, the Administrator has agreed to waive fees so that the
total annual operating expenses (excluding distribution fees) do not
exceed the percentage of the average daily net assets outlined below for
each Series:
Aetna International Fund 1.35%
Aetna Mid Cap Fund 1.15%
Aetna Small Company Fund 1.25%
Aetna Value Opportunity Fund 1.10%
Aetna Real Estate Securities Fund 1.30%
Aetna Bond Fund 0.75%
Aetna Government Fund 0.70%
Aetna High Yield Fund 0.95%
Aetna Index Plus Bond Fund 0.60%
Aetna Index Plus Large Cap Fund 0.70%
Aetna Index Plus Mid Cap Fund 0.75%
Aetna Index Plus Small Cap Fund 0.75%
Aetna Ascent Fund 1.00%
Aetna Crossroads Fund 0.95%
Aetna Legacy Fund 0.90%
Through February 29, 2000, the Administrator has agreed to waive fees so
that the total annual operating expenses (excluding distribution fees) do
not exceed 0.50% of the average daily net assets of Aetna Money Market
Fund.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers as of the 30th day of
December, 1999.
AELTUS INVESTMENT
MANAGEMENT, INC.
Attest: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxx X. Doberman
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Name: Xxxxxx X. Xxxxxx Name: Xxx X. Doberman
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Title: Assistant Secretary Title: Vice President
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AETNA SERIES FUND, INC.
ON BEHALF OF ITS SERIES,
BROKERAGE CASH RESERVES
AETNA MONEY MARKET FUND
AETNA BOND FUND
AETNA INTERNATIONAL FUND
AETNA GOVERNMENT FUND
AETNA SMALL COMPANY FUND
AETNA INDEX PLUS LARGE CAP FUND
AETNA ASCENT FUND
AETNA CROSSROADS FUND
AETNA LEGACY FUND
AETNA HIGH YIELD FUND
AETNA INDEX PLUS BOND FUND
AETNA INDEX PLUS MID CAP FUND
AETNA INDEX PLUS SMALL CAP FUND
AETNA MID CAP FUND
AETNA REAL ESTATE SECURITIES FUND
AETNA VALUE OPPORTUNITY FUND
Attest: /s/ Xxxxxxx Xxxxxx By: /s/ J. Xxxxx Xxx
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Name: Xxxxxxx Xxxxxxx Name: J. Xxxxx Xxx
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Title: Assistant Secretary Title: President
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