EXHIBIT 5(d)
AMENDMENT
(EFFECTIVE JANUARY 1, 1998)
TO THE
SUB-ADVISORY AGREEMENT
(EFFECTIVE DATE DECEMBER 20, 1993)
BETWEEN
LINCOLN INVESTMENT MANAGEMENT, INC.
(FORMERLY: LINCOLN NATIONAL INVESTMENT MANAGEMENT COMPANY)
AND
FIDELITY MANAGEMENT TRUST COMPANY
Paragraph 3 of the Agreement relating to Compensation to be paid by The
Advisor to the Sub-Adviser is hereby amended to substitute the following
sentence for the first sentence of the paragraph:
"The Adviser will pay to the Sub-Adviser as compensation for the
Sub-Adviser's services rendered and for the expenses borne by the
Sub-Adviser pursuant to Section 1, a fee, computed and paid at the annual
rate of: .48 of 1% of the average daily net assets of the Fund."
LINCOLN INVESTMENT MANAGEMENT
COMPANY
By: /s/ H. Xxxxxx XxXxxxxx
-------------------------------------------
H. Xxxxxx XxXxxxxx
FIDELITY MANAGEMENT TRUST COMPANY
By: /s/ Xxxx X. X'Xxxxxx, Xx.
-----------------------------------------
Xxxx X. X'Xxxxxx, Xx.
