0000950152-09-001937 Sample Contracts

SECURITIES LENDING AUTHORIZATION
Securities Lending Authorization • February 27th, 2009 • BB&T Variable Insurance Funds • Massachusetts

This Agreement (this “Agreement”) made as of the ___day of , 2008, by and between MELLON BANK, N.A., a national banking association (the “Lending Agent”) and BB&T VARIABLE INSURANCE FUNDS, a Massachusetts business trust (the “Client”), for and on behalf of each of the funds identified on Schedule 1 hereto, as amended, modified or supplemented from time to time (each a “Fund” and collectively the “Funds”).

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AMENDMENT TO CUSTODY AGREEMENT
Custody Agreement • February 27th, 2009 • BB&T Variable Insurance Funds

THIS AMENDMENT is made as of December 2, 2008, between U.S. Bank National Association, a national banking association organized and existing under the laws of the United States of America (the “Custodian”), and BB&T Variable Insurance Funds, a Massachusetts business trust (the “Trust”).

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