AMENDMENT NO. 1
TO ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of North America
The administrative services agreement, dated as of October 1, 2003, by and among
Franklin Xxxxxxxxx Services, LLC and Allianz Life Insurance Company of North
America (the "Agreement") is hereby amended as follows:
1. Schedule B of the Agreement is hereby deleted and replaced in its entirety
with the Schedule B attached hereto.
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect. This Amendment is executed as of September 12,
2005.
ALLIANZ LIFE INSURANCE COMPANY OF
NORTH AMERICA
By: /s/ XXXXXXX X. XXXXX
--------------------
Name: Xxxxxxx X. Xxxxx
Title: Second Vice President and Senior Counsel
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /S/ XXXXX X. XXX
----------------
Name: Xxxxx X. Xxx, CFA
Title: Senior Vice President
17295-2
SCHEDULE B
ADMINISTRATIVE EXPENSE PAYMENT
The Fund Administrator agrees to pay the Company a fee, computed daily
and paid quarterly in arrears, equal to an annual rate as set forth below,
applied to the average daily net assets of the shares of the Funds held in the
subaccounts of the Accounts. The payment will be computed and paid in the manner
described more completely in the Agreement.
--------------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. FEE
--------------------------------------------------------------------------------------------------------------------
1. Allianz Value CLASS 1 SHARES: 0.10% 10/01/03
Life ---------------
33-11158 Franklin Global Communication Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005(1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
2. Allianz Value Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
Life
33-11158
--------------------------------------------------------------------------------------------------------------------
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
17295-2 2
-----------------------------------------------------------------------------------------------------------------
BEGINNING OF
PERIOD FOR
# PRODUCT NAME/ FUNDS OF THE TRUST FEE COMPUTATION OF
SECURITIES ACT RATE FEE
NO.
-----------------------------------------------------------------------------------------------------------------
3. Alterity CLASS 2 SHARES: 0.20% 10/01/03
333-82329 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-----------------------------------------------------------------------------------------------------------------
4. Alterity CLASS 1 SHARES: 0.10% 10/01/03
333-82329 ---------------
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
-----------------------------------------------------------------------------------------------------------------
5. USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Dimensions ---------------
33-47886 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
-----------------------------------------------------------------------------------------------------------------
6. USAllianz CLASS 1 SHARES: 0.10% 10/01/03
Dimensions ---------------
33-47886 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17295-2 3
--------------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. FEE
--------------------------------------------------------------------------------------------------------------------
7. USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Rewards ---------------
333-95729 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
8. USAllianz CLASS 1 SHARES: 0.10% 10/01/03
Rewards ---------------
333-95729 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
--------------------------------------------------------------------------------------------------------------------
9. Valuemark CLASS 2 SHARES: 0.20% 10/01/03
Charter ---------------
333-63719 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
10. Valuemark Franklin Money Market Fund - Class 2 * 0.05% 10/01/03
Charter
333-63719 CLASS 1 SHARES:
---------------
Franklin Zero Coupon Fund 2005 (1) 0.10% 10/01/03
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
17295-2 4
--------------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. FEE
--------------------------------------------------------------------------------------------------------------------
11. Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
33-23035 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005(1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
12. Valuemark II Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
33-23035
--------------------------------------------------------------------------------------------------------------------
13. Valuemark III CLASS 1 SHARES: 0.10% 10/01/03
33-72046 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
17295-2 5
----------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
14. Valuemark III Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
33-72046
----------------------------------------------------------------------------------------------------------------
15. Valuemark CLASS 1 SHARES: 0.10% 10/01/03
Income Plus ---------------
33-76190 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005(1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
----------------------------------------------------------------------------------------------------------------
16. Valuemark Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
Income Plus
33-76190
----------------------------------------------------------------------------------------------------------------
17. Valuemark IV CLASS 1 SHARES: 0.10% 10/01/03
333-06709 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
17295-2 6
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
18. Valuemark IV Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
333-06709
--------------------------------------------------------------------------------------------------------------------
19. Valuemark Life CLASS 1 SHARES: 0.10% 10/01/03
33-15464 --------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
20. Valuemark Life Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
33-15464
* This fund is closed to new investors as of 5/1/04.
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17295-2 7
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
21. USAllianz Life CLASS 2 SHARES: 0.20% 10/01/03
Fund ---------------
333-60206 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
22. USAllianz Life CLASS 1 SHARES: 0.10% 10/01/03
Fund ---------------
333-60206 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
--------------------------------------------------------------------------------------------------------------------
23. USAllianz High CLASS 2 SHARES: 0.20% 10/01/03
Five ---------------
333-90260 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
24. USAllianz High CLASS 1 SHARES: 0.10% 10/01/03
Five ---------------
333-90260 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17295-2 8
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
25. USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Charter II ---------------
333-101812 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
26. USAIlianz CLASS 1 SHARES: 0.10% 10/01/03
Charter II ---------------
333-101812 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
--------------------------------------------------------------------------------------------------------------------
27. USAllianz High CLASS 2 SHARES: 0.20% 10/01/03
Five Bonus ---------------
333-111049 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
28. USAllianz High CLASS 1 SHARES: 0.10% 10/01/03
Five Bonus ---------------
333-111049 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
17295-2 9
AMENDMENT NO. 2 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of North America
The administrative services agreement, dated as of October 1, 2003 and
amended September 12, 2005, by and among Franklin Xxxxxxxxx Services, LLC and
Allianz Life Insurance Company of North America (the "Agreement") is hereby
further amended as follows:
1. Schedule B of the Agreement is hereby deleted and replaced in its entirety
with the Schedule B attached hereto.
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of October 3, 2005.
ALLIANZ LIFE INSURANCE COMPANY
OF NORTH AMERICA
By: /S/ XXXXXXX X. XXXXX
---------------------------
Name: Xxxxxxx X. Xxxxx
Title: Second Vice President
and Senior Counsel
FRANKLIN XXXXXXXXX SERVICES, LLC
By: /S/XXXXX X. XXX
----------------------------
Name: Xxxxx X. Xxx, CFA
Title: Senior Vice President
32375-2
SCHEDULE B
ADMINISTRATIVE EXPENSE PAYMENT
The Fund Administrator agrees to pay the Company a fee, computed daily
and paid quarterly in arrears, equal to an annual rate as set forth below,
applied to the average daily net assets of the shares of the Funds held in the
subaccounts of the Accounts. The payment will be computed and paid in the manner
described more completely in the Agreement.
----------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. Fee
----------------------------------------------------------------------------------------------------------------
1. Allianz Value CLASS 1 SHARES: 0.10% 10/01/03
Life ---------------
33-11158 Franklin Global Communication Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
----------------------------------------------------------------------------------------------------------------
2. Allianz Value Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
Life
33-11158
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
32375-2 2
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
3. Alterity CLASS 2 SHARES: 0.20% 10/01/03
333-82329 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
4. Alterity CLASS 1 SHARES: 0.10% 10/01/03
333-82329 ---------------
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
--------------------------------------------------------------------------------------------------------------------
5. USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Dimensions ---------------
33-47886 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
6. USAllianz CLASS 1 SHARES: 0.10% 10/01/03
Dimensions ---------------
33-47886 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
32375-2 3
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
7. USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Rewards ---------------
333-95729 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
8. USAllianz CLASS 1 SHARES: 0.10% 10/01/03
Rewards ---------------
333-95729 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
--------------------------------------------------------------------------------------------------------------------
9. Valuemark CLASS 2 SHARES: 0.20% 10/01/03
Charter ---------------
333-63719 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
10. Valuemark Franklin Money Market Fund - Class 2 * 0.05% 10/01/03
Charter
333-63719 CLASS 1 SHARES:
---------------
Franklin Zero Coupon Fund 2005 (1) 0.10% 10/01/03
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
32375-2 4
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
11. Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
33-23035 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
12. Valuemark H Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
33-23035
--------------------------------------------------------------------------------------------------------------------
13. Valuemark III CLASS 1 SHARES: 0.10% 10/01/03
33-72046 ---------------
Franklin Global Communications Securities Fund
Franklin. Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
32375-2 5
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
14. Valuemark III Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
33-72046
--------------------------------------------------------------------------------------------------------------------
15. Valuemark CLASS 1 SHARES: 0.10% 10/01/03
Income Plus ---------------
33-76190 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005(1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
16. Valuemark Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
Income Plus
33-76190
--------------------------------------------------------------------------------------------------------------------
17. Valuemark IV CLASS I SHARES: 0.10% 10/01/03
333-06709 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
* This fund is closed to new investors as of 5/1/04.
32375-2 6
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
18. Valuemark IV Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
333-06709
--------------------------------------------------------------------------------------------------------------------
19. Valuemark Life CLASS 1 SHARES: 0.10% 10/01/03
33-15464 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
20. Valuemark Life Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
33-15464
* This fund is closed to new investors as of 5/1/04.
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
32375-2 7
---------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
---------------------------------------------------------------------------------------------------------------------
21. USAllianz Life CLASS 2 SHARES: 0.20% 10/01/03
Fund ---------------
333-60206 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------------------------------------
22. USAllianz Life CLASS 1 SHARES: 0.10% 10/01/03
Fund ---------------
333-60206 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
---------------------------------------------------------------------------------------------------------------------
23. USAllianz High CLASS 2 SHARES: 0.20% 10/01/03
Five ---------------
333-90260 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------------------------------------
24. USAllianz High CLASS 1 SHARES: 0.10% 10/01/03
Five ---------------
333-90260 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
32375-2 8
--------------------------------------------------------------------------------------------------------------------
PRODUCT NAME/ FUNDS OF THE TRUST FEE BEGINNING OF
# SECURITIES ACT RATE PERIOD FOR
NO. COMPUTATION OF
FEE
--------------------------------------------------------------------------------------------------------------------
25. USAllianz CLASS 2 SHARES: 0.20% 10/01/03
Charter II ---------------
333-101812 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
26. USAllianz CLASS 1 SHARES: 0.10% 10/01/03
Charter 11 ---------------
333-101812 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
--------------------------------------------------------------------------------------------------------------------
27. USAllianz High CLASS 2 SHARES: 0.20% 10101/03
Five Bonus ---------------
333-111049 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
28. USAllianz High CLASS 1 SHARES: 0.10% 10/01/03
Five Bonus ---------------
333-111049 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
32375-2 9
--------------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FUNDS OF THE TRUST FEE PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. FEE
--------------------------------------------------------------------------------------------------------------------
29. USAllianz High CLASS 2 SHARES: 0.20% 04-29-05
Five L ---------------
333-111049 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Growth Securities Fund
--------------------------------------------------------------------------------------------------------------------
30. USAllianz High CLASS 1 SHARES: 0.10% 04-29-05
Five L ---------------
333-111049 Franklin Zero Coupon Fund 2005 (1)
Franklin Zero Coupon Fund 2010
1 Franklin Zero Coupon Fund 2005 will be maturing on 12/16/05 and it will be
unavailable for investment after that time.
32375-2 10
AMENDMENT NO. 3 TO
ADMINISTRATIVE SERVICES AGREEMENT
Franklin Xxxxxxxxx Services, LLC
Allianz Life Insurance Company of North America
THIS AMENDMENT is made by and between Franklin Xxxxxxxxx Services, LLC
(the "Fund Administrator") and Allianz Life Insurance Company of M& America (the
"Company").
WHEREAS, The Company and the Fund Administrator have entered into an
Administrative Services Agreement; dated as of October 1, 2003, as maybe amended
from time to time (the "Agreement"), concerning certain administrative services
with respect to each series ("Fund" or "Funds") of Franklin Xxxxxxxxx Variable
Insurance Products Trust (the "Trust"), which Funds are investment options in
certain variable life insurance and variable annuity contracts issued by the
Company; and
WHEREAS, the Company and the Fund Administrator wish to amend the
Agreement for the purpose of changing the name of and adding certain variable
life or variable annuity insurance contracts covered by the Agreement.
NOW, THEREFORE, IN consideration of past and prospective business
relations, the Fund Administrator and the Company hereby amend the Agreement as
follows:
1. Schedule B of the Agreement is hereby deleted and replaced in its entirety
with the Schedule B attached hereto.
2. All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.
This Amendment is executed as of June 20, 2006.
FRANKLIN XXXXXXXXX SERVICES, LLC ALLIANZ LIFE INSURANCE COMPANY
OF NORTH AMERICA
By: /S/XXXXXX X. XXXX By: /S/XXXXXXX XXXXX
------------------------ ------------------------
Name: Xxxxxx X. Xxxx Name: Xxxxxxx X. Xxxxx
Title: Vice President Title: Second Vice President and
Senior Securities Counsel
41493-2
SCHEDULE B
ADMINISTRATIVE EXPENSE PAYMENT
------------------------------
The Fund Administrator agrees to pay the Company a fee, computed daily
and paid quarterly in arrears, equal to an annual rate as set forth below,
applied to the average daily net assets of the shares of the Funds held in the
subaccounts of the Accounts. The payment will be computed and paid in the manner
described more completely in the Agreement.
----------------------------------------------------------------------------------------------------------------
BEGINNING OF
# PRODUCT NAME/ FEE PERIOD FOR
SECURITIES ACT FUNDS OF THE TRUST RATE COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
1. Allianz Value CLASS 1 SHARES: 0.10% 10/01/03
Life ---------------
33-11158 Franklin Global Communication Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
----------------------------------------------------------------------------------------------------------------
* This fund is closed to new investors as of 5/1/04.
41493-2 2
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST FEE BEGINNING OF
PRODUCT NAME/ RATE PERIOD FOR
SECURITIES ACT COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
2. Allianz Alterity CLASS 2 SHARES: 0.20% 10/01/03
333-82329 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin. U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
----------------------------------------------------------------------------------------------------------------
3. Allianz CLASS 2 SHARES: 0.20% 10/01/03
Dimensions ---------------
33-47886 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin. Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
41493-2 3
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST FEE BEGINNING OF
PRODUCT NAME/ RATE PERIOD FOR
SECURITIES ACT COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
4. Allianz CLASS 2 SHARES: 0.20% 10/01/03
Rewards ---------------
333-95729 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
----------------------------------------------------------------------------------------------------------------
5. Allianz Charter CLASS 2 SHARES: 0.20% 10/01/103
333-63719 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund - Class 2 * 0.05% 10/01/03
CLASS 1 SHARES:
---------------
Franklin Zero Coupon Fund 2010 0.10% 10/01/03
* This fund is closed to new investors as of 5/1/04.
41493-2 4
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST FEE BEGINNING OF
PRODUCT NAME/ RATE PERIOD FOR
SECURITIES ACT COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
6. Valuemark II CLASS 1 SHARES: 0.10% 10/01/03
33-23035 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund -.Class 1 * 0.05% 10/01/03
----------------------------------------------------------------------------------------------------------------
7. Valuemark III CLASS 1 SHARES: 0.10% 10/01/03
33-72046 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
----------------------------------------------------------------------------------------------------------------
* This fund is closed to new investors as of 5/1/04.
41493-2 5
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST FEE BEGINNING OF
PRODUCT NAME/ PERIOD FOR
SECURITIES ACT RATE COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
8. Valuemark CLASS 1 SHARES: 0.10% 10/01/03
Income Plus ---------------
3376190 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
----------------------------------------------------------------------------------------------------------------
9. Valuemark IV CLASS I SHARES: 0.10% 10/01/03
333-06709 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund *
Xxxxxxxxx Global Income Securities Fund *
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
----------------------------------------------------------------------------------------------------------------
* This fund is closed to new investors as of 5/1/04.
41493-2 6
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST FEE BEGINNING OF
PRODUCT NAME/ PERIOD FOR
SECURITIES ACT COMPUTATION OF
NO. RATE FEE
----------------------------------------------------------------------------------------------------------------
10. Valuemark Life CLASS 1 SHARES: 0.10% 10/01/03
33-15464 ---------------
Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Franklin Zero Coupon Fund 2010
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Templeton Global Asset Allocation Fund
Xxxxxxxxx Global Income Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
Franklin Money Market Fund - Class 1 * 0.05% 10/01/03
----------------------------------------------------------------------------------------------------------------
11. Allianz Life CLASS 2 SHARES: 0.20% 10/01/03
Fund ---------------
333-60206 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin. Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin. Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
---------------------------------------------------------------------------------------
* This fund is closed to new investors as of 5/1/04.
41493-2 7
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST FEE BEGINNING OF
PRODUCT NAME/ RATE PERIOD FOR
SECURITIES ACT COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
12. Allianz High CLASS 2 SHARES: 0.20% 10/01/03
Five ---------------
333-90260 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
----------------------------------------------------------------------------------------------------------------
13. Allianz CLASS 2 SHARES: 0.20% 10/01/03
Charter II ---------------
333-101812 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
41493-2 8
----------------------------------------------------------------------------------------------------------------
# FUNDS OF THE TRUST Fee BEGINNING OF
PRODUCT NAME/ RATE PERIOD FOR
SECURITIES ACT COMPUTATION OF
NO. FEE
----------------------------------------------------------------------------------------------------------------
14. Allianz High CLASS 2 SHARES: 0.20% 10/01/03
Five Bonus ---------------
333-111049 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 10/01/03
---------------
Franklin Zero Coupon Fund 2010
----------------------------------------------------------------------------------------------------------------
15. Allianz High CLASS 2 SHARES: 0.20% 04-29-05
Five L ---------------
333-120181 Franklin Global Communications Securities Fund
Franklin Growth and Income Securities Fund
Franklin High Income Fund
Franklin Income Securities Fund
Franklin Large Cap Growth Securities Fund
Franklin Real Estate Fund
Franklin Rising Dividends Securities Fund
Franklin Small-Mid Cap Growth Securities Fund
Franklin Small Cap Value Securities Fund
Franklin. U.S. Government Fund
Mutual Discovery Securities Fund
Mutual Shares Securities Fund
Xxxxxxxxx Developing Markets Securities Fund
Xxxxxxxxx Foreign Securities Fund
Xxxxxxxxx Growth Securities Fund
---------------------------------------------------------------------------------------
CLASS 1 SHARES: 0.10% 04-29-05
---------------
Franklin Zero Coupon Fund 2010
----------------------------------------------------------------------------------------------------------------
16. Allianz Custom CLASS 2 SHARES: 0.20% 05-01-06
Income ---------------
333-126217 Franklin Income Securities Fund
Franklin U.S. Government Fund
Mutual Shares Securities Fund
Xxxxxxxxx Foreign Securities Fund
41493-2 9
