AMENDMENT
TO
ADMINISTRATIVE SERVICES AGREEMENT
WHEREAS, AETNA VARIABLE PORTFOLIOS, INC., a Maryland corporation, on
behalf of each of its portfolios, Aetna Index Plus Large Cap VP, Aetna Small
Company VP, Aetna Growth VP, Aetna Value Opportunity VP, Aetna High Yield VP,
Aetna Index Plus Bond VP, Aetna Index Plus Mid Cap VP, Index Plus Small Cap VP,
Aetna International VP and Aetna Real Estate Securities VP (each a "Portfolio"),
has entered into an Administrative Services Agreement (the "Agreement") with
AELTUS INVESTMENT MANAGEMENT, INC., a Connecticut corporation (the
"Administrator"), effective January 1, 1999;
NOW THEREFORE, it is agreed as follows:
The fee waiver provision in Section VII of the Agreement is amended as
follows:
Notwithstanding the above, the Administrator may waive a portion or all of
the fees it is entitled to receive. Through December 31, 2000, the
Administrator has agreed to waive fees so that the total annual operating
expenses (excluding distribution fees) do not exceed the percentage of the
average daily net assets outlined below for each Portfolio:
Aetna Index Plus Large Cap VP 0.55%
Aetna Small Company VP 0.95%
Aetna Growth VP 0.80%
Aetna Value Opportunity VP 0.80%
Aetna High Yield VP 0.80%
Aetna Index Plus Bond VP 0.45%
Aetna Index Plus Mid Cap VP 0.60%
Aetna Index Plus Small Cap VP 0.60%
Aetna International VP 1.15%
Aetna Real Estate Securities VP 0.95%
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers as of the 30th day of
December, 1999.
AELTUS INVESTMENT
MANAGEMENT, INC.
Attest: /s/ Xxxxxx X. Xxxxxx By: /s/ Xxx X. Doberman
---------------------------- ------------------------
Name: Xxxxxx X. Xxxxxx Name: Xxx X. Doberman
---------------------------- ---------------------
Title: Assistant Secretary Title: Vice President
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AETNA VARIABLE PORTFOLIOS, INC.
on behalf of its Portfolios,
Aetna Index Plus Large Cap VP
Aetna Small Company VP
Aetna Growth VP
Aetna Value Opportunity VP
Aetna High Yield VP
Aetna Index Plus Bond VP
Aetna Index Plus Mid Cap VP
Aetna Index Plus Small Cap VP
Aetna International VP
Aetna Real Estate Securities VP
Attest: /s/ Xxxxxxx Xxxxxxx By: /s/ J. Xxxxx Xxx
---------------------------- ------------------------
Name: Xxxxxxx Xxxxxxx Name: J. Xxxxx Xxx
---------------------------- ---------------------
Title: Assistant Secretary Title: President
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