January 1, 2000
Xxxx Xxxxxxx Advisers, Inc.
000 Xxxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Re: Xxxx Xxxxxxx V.A. International Fund ("Fund")
Ladies and Gentlemen:
The Sub-Investment Contract between Xxxx Xxxxxxx Declaration Trust (the "Trust")
on behalf of the Xxxx, Xxxx Xxxxxxx Advisers, Inc. (the "Adviser") and Xxxx
Xxxxxxx Advisers International, Ltd. (the "Sub-Adviser"), dated August 29, 1996,
currently provides that the Adviser will pay the Sub-Adviser quarterly, for each
of the preceding 3 months, in arrears a fee at the annual rate of 70% of the
investment advisory fee payable to the Adviser. The Fund shall not be liable to
the Sub-Adviser for the Sub-Adviser's compensation.
As of January 1, 2000, the Sub-Adviser hereby agrees to waive its right to
receive its sub-advisory fee except for an amount equal to .05% of the Fund's
average daily net asset value. Indocam International Investment Services
("IIIS") will provide advice and services under the terms of a separate
Sub-Advisory Agreement with the Fund, and the Sub-Adviser will act as a limited
Co-Sub-Adviser with IIIS.
Agreed to by:
XXXX XXXXXXX ADVISERS
INTERNATIONAL, LIMITED
/s/Xxxx X. Xxxxxxx
------------------
Xxxx X. Xxxxxxx
Director
Funds/dectrust/vainternatnl/JHAIwaiver-99
