Exhibit d(vii) HERITAGE SERIES TRUST - VALUE EQUITY FUND SUBADVISORY AGREEMENT This Subadvisory Agreement is made as of June 1, 2003, between Heritage Asset Management, Inc., a Florida corporation (the "Manager"), and Dreman Value Management, L.L.C. a...Equity Fund Subadvisory Agreement • October 31st, 2003 • Heritage Series Trust • Florida
