0000950109-97-006303 Sample Contracts

WITNESSETH ----------
Investment Management Agreement • October 10th, 1997 • Sierra Variable Trust • Massachusetts

INVESTMENT MANAGEMENT AGREEMENT (this "Agreement"), dated ______________, 1997, between the Sierra Variable Trust, a Massachusetts business trust, (the "Trust"), on behalf of each of its series which are listed on the signature page of this Agreement (each referred to herein as a "Fund") and Composite Research & Management Co., a Washington corporation (the "Manager").

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