Exhibit 99.23(d)(iv)
ADDENDUM TO MANAGEMENT AGREEMENT
BETWEEN LORD XXXXXX SERIES FUND, INC. AND
LORD, XXXXXX & CO. LLC
DATED JUNE 10, 1992 (THE "AGREEMENT")
Effective May 1, 2004, Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Series Fund,
Inc. (the "Corporation") on behalf of a series of the Corporation, Growth
Opportunities Portfolio ("Fund"), do hereby agree that the annual management fee
rate for the Fund with respect to paragraph 2 of the Agreement shall be reduced
from .90 of 1% of the value of the Fund's average daily net assets to the
following schedule:
.80 of 1% of the first $1 billion of average daily net assets.
.75 of 1% of the next $1 billion, and
.70 of 1% of the next $1 billion, and
.65 of 1% of assets over $3 billion.
For purposes of Section 15 (a) of the Act, this Addendum and the Agreement
shall together constitute the investment advisory contract of the Fund.
LORD, XXXXXX & CO. LLC
By: /s/ XXXX X. XXXXXXX
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Xxxx X. Xxxxxxx, Partner
LORD XXXXXX SERIES FUND, INC.
(on behalf of Growth Opportunities Portfolio)
By: /s/ XXXXXXXXX X. XXXXXXX
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Xxxxxxxxx X. Xxxxxxx,
Vice President and Assistant Secretary
Dated: March 1, 2004
