Exhibit d.(20)
AMENDMENT NO. 2
TO
INVESTMENT SUB-ADVISORY AGREEMENT
THIS AMENDMENT NO. 2 TO INVESTMENT SUB-ADVISORY AGREEMENT (the
"Amendment") is effective as of June 20, 2005, by and among THE VARIABLE ANNUITY
LIFE INSURANCE COMPANY ("VALIC") and American Century Global Investment
Management, Inc. (the "Sub-Adviser").
RECITALS
WHEREAS, VALIC and VALIC Company I ("VC I") (formerly North American
Funds Variable Product Series I) entered into an Investment Advisory
Agreement dated January 1, 2002, with respect to the Covered Funds
reflected in Schedule A; and
WHEREAS, VALIC and the Sub-Adviser are parties to that certain
Investment Sub-Advisory Agreement dated August 29, 2001, and as amended on
June 21, 2004 (the "Agreement"), with respect to the VC I Covered Funds
with the Sub-Adviser; and
WHEREAS, the parties wish to amend Schedule A to the Agreement to
reflect the portion of the assets of the as a Covered Fund of the
International Growth I Fund; and
NOW, THEREFORE, in consideration of the mutual promises set forth
herein, VALIC and the Sub-Adviser agree as follows:
1. Schedule A Amendment. Schedule A to the Agreement is hereby
amended to reflect that the Sub-adviser will manage a portion
of the assets of the International Growth I Fund and shall be
compensated on that portion. The revised Schedule A is also
attached hereto.
2. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall be an original and all of
which together shall constitute one instrument.
3. Full Force and Effect. Except as expressly supplemented,
amended or consented to hereby, all of the representations,
warranties, terms, covenants and conditions of the Agreement
shall remain unchanged and shall continue to be in full force
and effect.
4. Miscellaneous. Capitalized terms used but not defined herein
shall have the meanings assigned to them in the Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
date first above written.
THE VARIABLE ANNUITY LIFE AMERICAN CENTURY GLOBAL INVESTMENT
INSURANCE COMPANY MANAGEMENT, INC.
By: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
------------------------
Name: Xxxxxx X. Xxxxxx Name: Xxxxxxx X. Xxxxx
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Title: Senior Vice President Title: President
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SCHEDULE A
Effective June 20, 2005
SUB-ADVISER shall manage a portion of the assets of the following Covered Funds
and shall be compensated on that portion, as follows:
Covered Funds Fee
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International Growth I Fund .65% on the first $250 million
.55% on the next $250 million
.50% over $500 million
