EXHIBIT (d)(29)
AMENDMENT TO THE PORTFOLIO MANAGEMENT AGREEMENT
The Portfolio Management Agreement ("Agreement") made the 5th day of May
2000 between Pacific Life Insurance Company ("Pacific Life"), a California
corporation, Pacific Investment Management Company, ("PIMCO", "Portfolio
Manager"), a Delaware limited liability company, and Pacific Select Fund (the
"Fund"), a Massachusetts Business Trust, is hereby amended as set forth in this
Amendment to the Portfolio Management Agreement, effective as of January 1,
2001.
WHEREAS, the Fund is registered with the Securities and Exchange Commission
as an open-end management investment company; and
WHEREAS, the Fund offers shares in several Portfolios, two of which are
designated the Managed Bond and Government Securities Portfolios; and
WHEREAS, pursuant to the Agreement, Pacific Life and the Fund have
appointed PIMCO as Portfolio Manager to the Managed Bond and Government
Securities Portfolios and PIMCO has accepted such appointment; and
WHEREAS, Pacific Life, PIMCO and the Fund desire to amend the Agreement in
accordance with the provisions set forth in this Amendment;
NOW THEREFORE, in consideration of the mutual premises and covenants
contained in this Amendment, the parties agree to amend the Agreement by
replacing Paragraph Four (4) with the following language:
"4. Compensation. For the services provided and the expenses borne
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by the Portfolio Manager pursuant to this Agreement, Pacific Life will pay to
the Portfolio Manager a fee based on the aggregate average daily net assets of
the Managed Bond and Government Securities Portfolios, at an annual rate equal
to 0.25% of the Portfolios' aggregate average daily net assets. This fee shall
be computed an accrued daily and payable monthly."
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the date first indicated above.
PACIFIC LIFE INSURANCE COMPANY
Attest: /s/ XXXXXX X. MILFS By: /s/ XXXXXX X. XXXXXX
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Name: Xxxxxx X. Milfs Name: Xxxxxx X. Xxxxxx
Title: Secretary Title: Chairman of the Board & Chief
Executive Officer
Attest: /s/ XXXXXX X. MILFS By: /s/ XXXXX X. XXXXXXX
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Name: Xxxxxx X. Milfs Name: Xxxxx X. Xxxxxxx
Title: Secretary Title: President
PACIFIC INVESTMENT MANAGEMENT COMPANY
Attest: /s/ XXXXXX X. MILFS By: /s/ XXXXXXX X. BENZ, II
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Name: Xxxxxx X. Milfs Name: Xxxxxxx X. Benz, II
Title: Secretary Title: Managing Director
PACIFIC SELECT FUND
Attest: /s/ XXXXXX X. MILFS By: /s/ XXXXXX X. XXXXXX
--------------------------------- --------------------------------
Name: Xxxxxx X. Milfs Name: Xxxxxx X. Xxxxxx
Title: Secretary Title: Chairman of the Board &
Trustee
