EX-99.h.11
AMENDMENT
TO
ADMINISTRATION AGREEMENT
BETWEEN
JNL VARIABLE FUND LLC
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC, a Michigan limited liability company ("Administrator"), and JNL
VARIABLE FUND LLC, a Delaware limited liability company ("JNL Variable Fund").
WHEREAS, the Administrator and the JNL Variable Fund entered into an
Administration Agreement dated as of January 31, 2001 ("Agreement"), whereby the
Administrator agreed to provide certain administrative services to the
investment portfolios of the JNL Variable Fund LLC (each a "Fund");
WHEREAS, the JNL/Mellon Capital Management The DowSM 5 Fund has been
merged into the JNL/Mellon Capital Management The DowSM 10 Fund.
NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated May 3, 2004, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated May 3, 2004, attached hereto.
IN WITNESS WHEREOF, the Administrator and the JNL Variable Fund have
caused this Amendment to be executed as of this 3rd day of May, 2004.
XXXXXXX NATIONAL ASSET JNL VARIABLE FUND LLC
MANAGEMENT, LLC
By: ______________________________ By: ___________________________________
Name: XXXX X. XXXXX Name: XXXXXX X. XXXXXX
Title: CHIEF FINANCIAL OFFICER Title: PRESIDENT
SCHEDULE A
Dated May 3, 2004
JNL/Mellon Capital Management The DowSM 10 Fund
JNL/Mellon Capital Management The S&P(R) 10 Fund
JNL/Mellon Capital Management Global 15 Fund
JNL/Mellon Capital Management 25 Fund
JNL/Mellon Capital Management Select Small-Cap Fund
JNL/Mellon Capital Management Communications Sector Fund
JNL/Mellon Capital Management Consumer Brands Sector Fund
JNL/Mellon Capital Management Energy Sector Fund
JNL/Mellon Capital Management Financial Sector Fund
JNL/Mellon Capital Management Pharmaceutical/Healthcare Sector Fund
JNL/Mellon Capital Management Technology Sector Fund
SCHEDULE B
Dated May 3, 2004
FUNDS FEE
JNL/Mellon Capital Management The DowSM 10 Fund .15%
JNL/Mellon Capital Management The S&P(R)10 Fund .15%
JNL/Mellon Capital Management Global 15 Fund .20%
JNL/Mellon Capital Management 25 Fund .15%
JNL/Mellon Capital Management Select Small-Cap Fund .15%
JNL/Mellon Capital Management Communications Sector Fund .15%
JNL/Mellon Capital Management Consumer Brands Sector Fund .15%
JNL/Mellon Capital Management Energy Sector Fund .15%
JNL/Mellon Capital Management Financial Sector Fund .15%
JNL/Mellon Capital Management Pharmaceutical/Healthcare Sector Fund .15%
JNL/Mellon Capital Management Technology Sector Fund .15%
