Exhibit-99.D1(i)
AMENDMENT NO. 1 TO SCHEDULE A
OF THE
INVESTMENT ADVISORY AGREEMENT
THIS SCHEDULE A to the Investment Advisory Agreement dated May 1, 2001 (the
Agreement") between PBHG Insurance Series Fund and Pilgrim, Xxxxxx & Associates,
Ltd., amended as of the , 2002 to add PBHG Stable Value Portfolio,
sets forth, pursuant to Section 5 of the Agreement, the compensation each
Portfolio shall pay the Adviser. Such compensation shall be computed daily at
the annual rate of the Portfolio's average daily net assets set forth below and
shall be paid monthly at the end of each calendar month.
PBHG INSURANCE SERIES FUND
DATE ON WHICH THE ANNUAL FEE
AGREEMENT BECAME (AS A PERCENTAGE OF
EFFECTIVE FOR THE AVERAGE DAILY NET
PORTFOLIO ASSETS)
--------- -------
PORTFOLIO
PBHG Growth II Portfolio May 1, 2001 0.85%
PBHG Large Cap Growth Portfolio May 1, 2001 0.75%
PBHG Small Cap Value Portfolio May 1, 2001 1.00%
PBHG Select Value Portfolio May 1, 2001 0.65%
PBHG Technology & Communications Portfolio May 1, 2001 0.85%
PBHG Select 20 Portfolio May 1, 2001 0.85%
PBHG Mid-Cap Value Portfolio May 1, 2001 0.85%
PBHG Small Cap Growth Portfolio May 1, 2001 0.85%
PBHG Stable Value Portfolio ______, 2002
PBHG INSURANCE SERIES FUND PILGRIM XXXXXX & ASSOCIATES, LTD.
By: _________________________ By: _______________________________
Title: _______________________ Title: ____________________________
