INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • September 19th, 2003 • W&r Target Funds Inc
THIS AGREEMENT, made as of the ___ day of __________, 2003, by and between Waddell & Reed Investment Management Company, a Kansas corporation, registered as an Investment Adviser under the Investment Advisers Act of 1940 (the "Adviser") and Templeton Investment Counsel, Inc., a Florida corporation, registered as an Investment Adviser under the Investment Advisers Act of 1940 (the "Sub-Adviser"). WHEREAS, the Adviser is the investment manager to W&R Target Funds, Inc., (the "Fund"), an open-end diversified management investment company organized as a series fund, registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and WHEREAS, the Adviser desires to retain the Sub-Adviser to furnish it with portfolio selection and related research and statistical services in connection with the Adviser's investment advisory activities on behalf of the Fund's International II Portfolio (hereinafter "Portfolio"), and the Sub-Adviser desires to furnish such services to
Target Funds Participation Agreement (Excludes Products Sold Through W&R Distribution System)Fund Participation Agreement • September 19th, 2003 • W&r Target Funds Inc • Kansas
This Fund Participation Agreement ("Agreement"), dated as of the 19th day of September, 2003 is made by and between Minnesota Life Insurance Company ("Company") on behalf of the Company separate accounts identified on Exhibit A which is attached hereto and may be amended from time to time ("Variable Accounts"), and WADDELL & REED, INC. ("W&R") which serves as the distributor to the W&R TARGET FUNDS, INC. (the "Funds") listed on Exhibit B. WHEREAS, Company and W&R mutually desire the inclusion of the Funds as underlying investment media for variable life insurance policies and/or variable annuity contracts sold through distributors other than W&R and/or its affiliates (collectively, the "Contracts") issued by Company; and WHEREAS, the Contracts allow for the allocation of net amounts received by Company to separate sub-accounts of the Variable Accounts for investment in shares of the Funds and other similar funds distributed by W&R and/or its affiliates; and WHEREAS, selection
