LETTER AGREEMENT

Exhibit (d) 5.3

LETTER AGREEMENT

Xxxxxxx Investment Management Company

P.O. Box 1591

Tacoma, WA 98401-1591

Dear Sirs:

This Letter Agreement relates to the Administrative Agreement between Xxxxxxx Investment Company (“RIC”) and Xxxxxxx Investment Management Company (“RIMCo”) dated January 1, 1999 (“Administrative Agreement”). XXX advises you that it is creating three new funds to be named 2007 Retirement Distribution Fund, 2007 Accelerated Distribution Fund and 2007 Extended Distribution Fund (each, a “LifePoints Retirement Distribution Fund”) and that each LifePoints Retirement Distribution Fund desires RIMCo to provide administrative services to it pursuant to the terms and conditions of the Administrative Agreement. Section 6A of the Administrative Agreement is hereby amended to include each LifePoints Retirement Distribution Fund, each with an annual administrative fee of 0.05% of average daily net assets, payable as set forth in that Section.

Please indicate your acceptance of the amendment to the Administrative Agreement by executing this letter agreement and returning it to the undersigned.

Sincerely,

XXXXXXX INVESTMENT COMPANY

By:

Xxxx X. Xxxxxxx

Treasurer

Accepted this      day of                 , 2007

XXXXXXX INVESTMENT MANAGEMENT COMPANY

By:

Xxxx X. Xxxxx

President