EX-99.23(d)(101)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
FIDELITY MANAGEMENT & RESEARCH COMPANY
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and FIDELITY MANAGEMENT & RESEARCH COMPANY, a Massachusetts
corporation and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of May 3, 2004 ("Agreement"), whereby Adviser
appointed Sub-Adviser to provide certain sub-investment advisory services to a
investment portfolio of the JNL 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 reflect the name change of JNL/FMR Capital Growth Fund
to JNL/FMR Mid-Cap Equity 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 1, 2006, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated May 1, 2006, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of May, 2006.
XXXXXXX NATIONAL ASSET FIDELITY MANAGEMENT &
MANAGEMENT, LLC RESEARCH COMPANY
By: By:
Name: XXXX X. XXXXX Name:
Title: CHIEF FINANCIAL OFFICER Title:
SCHEDULE A
(Funds)
JNL/FMR Mid-Cap Equity Fund
JNL/FMR Balanced Fund
SCHEDULE B
(Compensation)
JNL/FMR Mid-Cap Equity Fund
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 TO $250 MILLION: .45%
$250 TO $750 MILLION: .40%
OVER $750 MILLION: .35%
JNL/FMR Balanced Fund
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 TO $250 MILLION: .45%
$250 TO $750 MILLION: .40%
OVER $750 MILLION: .35%