Exhibit (d)(3) INVESTMENT ADVISORY AGREEMENT ----------------------------- THIS AGREEMENT is made as of the 20th day of August 2004 by and between SCUDDER ADVISOR FUNDS III, a Massachusetts business trust (the `Trust'), on behalf of Lifecycle Long...Investment Advisory Agreement • August 1st, 2005 • Scudder Advisor Funds Iii • Maryland
Exhibit (d)(4) INVESTMENT SUB-ADVISORY AGREEMENT --------------------------------- AGREEMENT made as of the 20 day of August, 2004 by and among Deutsche Asset Management, Inc., a Delaware corporation (the `Investment Adviser'), and Northern Trust...Investment Sub • August 1st, 2005 • Scudder Advisor Funds Iii • Maryland
