SUBADVISORY AGREEMENT THIS AGREEMENT is made by AELTUS INVESTMENT MANAGEMENT, INC., a Connecticut corporation (the "Adviser"), AETNA SERIES FUND, INC., a Maryland Corporation (the "Fund"), on behalf of its AETNA VALUE OPPORTUNITY FUND (the "Series")...Subadvisory Agreement • September 30th, 1998 • Aetna Series Fund Inc • Connecticut
