Xxxx Xxxxxxx Variable Series Trust I
Xxxxx X. Xxxx
Chairman and Chief Executive Officer
[LOGO OF XXXX XXXXXXX(R) APPEARS HERE]
April 14, 1998
State Street Bank and Trust Company
Two International Xxxxx
00xx Xxxxx
Xxxxxx, XX 00000
Attn: Xxxx X. Xxxxxx
Vice President and Associate Counsel
Re: Sub-Investment Management Agreement
dated as of March 18, 1997
--------------------------------
Gentlemen:
This letter will memorialize our mutual agreement to amend Schedule I to
the above-referenced Sub-Investment Management Agreement, effective as of May 1,
1998, to provide an additional break point in the decremental fee schedule.
Attached is a revised copy of Schedule I which caps the 5 basis point charge
step at $400 million and introduces a 3 basis point charge step for all amounts
over $400 million. Please substitute copies of the attached Schedule I for the
old copies of Schedule I in your files.
Kindly acknowledge receipt of this letter and the attachment, and indicate
your agreement to the amendment of Schedule I, by signing and returning the
duplicate of this letter. Thank you.
XXXX XXXXXXX MUTUAL XXXX XXXXXXX VARIABLE
LIFE INSURANCE COMPANY SERIES TRUST I
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxx X. Xxxx
------------------------ -----------------
Xxxxxx X. Xxxxxxx Xxxxx X. Xxxx
Vice President Chairman and CEO
Received and agreed to:
STATE STREET BANK AND TRUST
COMPANY
By: /s/ Xxxxxxx X. Xxxxxxx
-----------------------------
Name: Xxxxxxx X. Xxxxxxx
------------------------
Title: Executive Vice President
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SCHEDULE I
FEES
----
Current Net Assets Under Management Sub-Investment Management Fee
----------------------------------- -----------------------------
On the first $75,000,000 Seven (7) basis points (0.07%)
On the next $50,000,000` Six (6) basis points (0.06%)
On the next $275,000,000 Five (5) basis points (0.05%)
On amounts over $400,000,000 Three (3) basis points (0.03%)
