0001016964-05-000048 Sample Contracts

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WILMER CUTLER PICKERING HALE and DORR LLP December 10, 2004 Pioneer Variable Contracts Trust 60 State Street Boston, MA 02109 Safeco Resource Series Trust 5069 154th Place N.E. Redmond, Washington 98052 Ladies and Gentlemen: This opinion is being...
Pioneer Variable Contracts Trust /Ma/ • February 4th, 2005

This opinion is being delivered to you in connection with the Agreement and Plan of Reorganization (the "Agreement") made as of October 29, 2004 by and between Pioneer Variable Contracts Trust, a Delaware statutory trust, on behalf of its series, Pioneer Small Cap Value II VCT Portfolio ("Acquiring Portfolio"), and Safeco Resource Series Trust, a Delaware statutory trust, on behalf of its series, Safeco Small-Cap Value Portfolio ("Acquired Portfolio"). Pursuant to the Agreement, Acquiring Portfolio will acquire all of the assets of Acquired Portfolio in exchange solely for (i) the assumption by Acquiring Portfolio of all of the Assumed Liabilities, as defined in the Agreement (the "Acquired Portfolio Liabilities"), and (ii) the issuance of Class I shares of beneficial interest of Acquiring Portfolio (the "Acquiring Portfolio Shares") to Acquired Portfolio, followed by the distribution by Acquired Portfolio, in liquidation of Acquired Portfolio, of the Acquiring Portfolio Shares to the

Pioneer Variable Contracts Trust Amendment to the Agreement and Declaration of Trust
Pioneer Variable Contracts Trust /Ma/ • February 4th, 2005

The undersigned, being at least a majority of the Trustees of Pioneer Variable Contracts Trust, a Delaware statutory trust (the "Trust"), do hereby amend the Agreement and Declaration of Trust, dated September 16, 1994, as amended (the "Declaration"), as follows, such amendment to be effective on the date hereof:

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