AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
WELLINGTON MANAGEMENT COMPANY, LLP
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts limited
liability partnership and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of November 1, 2005 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Investors Series Trust; and
WHEREAS, pursuant to the Agreement, the Adviser agreed to pay the
Sub-Adviser for the services provided and the expenses assumed by the
Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and
the Sub-Adviser agreed to accept such sub-advisory fee as full compensation
under the Agreement for such services and expenses; and
WHEREAS, in order to effectuate a fee reduction for the JNL Money Market
Fund, and the Xxxxxxx Perspective Money Market Fund, Schedule B must be amended.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated July 1, 2008, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of July, 2008
XXXXXXX NATIONAL WELLINGTON MANAGEMENT
ASSET MANAGEMENT, LLC COMPANY, LLP
By: _________________________________ By:_________________________________
Name: XXXX X. XXXXX Name:_______________________________
Title: President Title:______________________________
SCHEDULE B
JULY 1, 2008
(Compensation)
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JNL MONEY MARKET FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $750 Million: .05%*
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$750 Million to $1 Billion: .04%*
------------------------------------------------------- --------------------
Over $1 Billion: .025%*
------------------------------------------------------- --------------------
----------------------------------------------------------------------------
XXXXXXX PERSPECTIVE MONEY MARKET FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $750 Million: .05%*
------------------------------------------------------- --------------------
$750 Million to $1 Billion: .04%*
------------------------------------------------------- --------------------
Over $1 Billion: .025%*
------------------------------------------------------- --------------------
* THE ASSETS OF THE JNL/SELECT MONEY MARKET FUND OF JNL SERIES TRUST AND THE
ASSETS OF THE JNL MONEY MARKET FUND AND XXXXXXX PERSPECTIVE MONEY MARKET FUND OF
JNL INVESTORS SERIES TRUST WILL BE COMBINED FOR PURPOSES OF DETERMINING THE
APPLICABLE ANNUAL RATE.
