0000932471-07-000788 Sample Contracts

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GLOBAL CUSTODY AGREEMENT
Global Custody Agreement • April 27th, 2007 • Vanguard Variable Insurance Funds • New York
INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 27th, 2007 • Vanguard Variable Insurance Funds • Delaware

THIS AGREEMENT is made as of this 1 st day of July, 2006, between the Diversified Value Portfolio of Vanguard Variable Insurance Fund, a Delaware business trust (the “Trust”), and Barrow, Hanley, Mewhinney & Strauss, Inc., a Nevada corporation (the “Advisor”).

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