0001193125-05-245840 Sample Contracts

FORM OF ADMINISTRATION AGREEMENT AARP PORTFOLIOS
Administration Agreement • December 20th, 2005 • AARP Portfolios • Delaware

This Administration Agreement (“Agreement”), dated and effective as of , , is by and between AARP Financial Incorporated (“Administrator”), a Delaware corporation, and AARP Portfolios (“Trust”), a Delaware statutory trust.

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FORM OF INVESTMENT SUB-ADVISORY AGREEMENT AARP PORTFOLIOS
Investment Sub-Advisory Agreement • December 20th, 2005 • AARP Portfolios • Delaware

AGREEMENT, dated and effective as of , 2005, by and among AARP Portfolios (“Trust”), a Delaware statutory trust, AARP Financial Incorporated (“Adviser”), a Delaware corporation, and SSgA Funds Management, Inc., a Massachusetts corporation.

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