Exhibit(d)(3)(a)
AMENDMENT NO. 3
MANAGEMENT AGREEMENT
Effective June 30, 2006, pursuant to adoption by the Board of Trustees on
September 7, 2000, the following amendments are made to the Ultra Series Fund
Management Agreement dated February 5, 1997.
1. Paragraph No. 1 of the Recitals section of the Management Agreement is
amended to read as follows:
"1. The fund is a series-type, open-end management investment company
registered under the Investment Company Act of 1940, as amended (the 0000
Xxx) that currently consists of thirteen investment portfolios (each, a
Series) designated as Money Market, Bond, Balanced, High Income, Large Cap
Value, Mid Cap Value, Large Cap Growth, Mid Cap Growth, International
Stock, Global Securities, Conservative Allocation, Moderate Allocation and
Aggressive Allocation Funds, each such Series having its own investment
objective;"
2. Article 3 entitled Compensation of Manager is amended to add the
following annual rate to the current list of rates:
"Conservative Allocation 30%"
"Moderate Allocation 30%"
"Aggressive Allocation 30%"
ULTRA SERIES FUND
By: /s/ Xxxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxxx X. Xxxxxxxxx
Title: Senior Vice President
ATTEST:
/s/ Xxxxx X. Xxxxxx
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MEMBERS CAPITAL ADVISORS, INC.
By: /s/ Xxxxx X. Xxxxx
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Name: Xxxxx X. Xxxxx
Title: President
ATTEST:
/s/ Xxxxx X. Xxxxxx
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