0000932471-11-002604 Sample Contracts

AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Sub-Advisory Agreement • May 3rd, 2011 • Vanguard Variable Insurance Funds • Delaware

THIS AGREEMENT is made as of this 1st day of April, 2011, between Vanguard Variable Insurance Funds, a Delaware statutory trust (the “Trust”), and Schroder Investment Management North America Inc., a Delaware corporation (the “Advisor”).

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AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 3rd, 2011 • Vanguard Variable Insurance Funds • Delaware

THIS AGREEMENT is made as of this 1st day of April, 2011, between Vanguard Variable Insurance Funds, a Delaware statutory trust (the “Trust”), and Baillie Gifford Overseas Ltd., a corporation organized under the laws of Scotland, United Kingdom (the “Advisor”).

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