0001193125-12-049440 Sample Contracts

PORTFOLIO MANAGEMENT CONTRACT [Insert Money Manager’s Name Here] and Russell Investment Management Company Effective Date: Termination Date:
Portfolio Management Contract • February 9th, 2012 • Russell Investment Funds • Washington

Russell Investment Management Company (“RIMCo”), as fiduciary for Russell Investment Company (“RIC”) and Russell Investment Funds (“RIF”) (collectively referred to herein as the “Investment Company”); and

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PARTICIPATION AGREEMENT Among RUSSELL INVESTMENT FUNDS, and RUSSELL FINANCIAL SERVICES, INC.
Participation Agreement • February 9th, 2012 • Russell Investment Funds • Massachusetts

THIS AGREEMENT, effective as of the [ ] day of [ ] 20[ ], by and among [ ], (the “Company”), a [ ] life insurance company, on its own behalf and on behalf of each segregated asset account of the Company set forth on Schedule A hereto as may be amended from time to time (each account hereinafter referred to as the “Account”), RUSSELL INVESTMENT FUNDS (the “Fund”), a Massachusetts business trust, and RUSSELL FINANCIAL SERVICES, INC. (the “Distributor”), a Washington corporation.

BYLAWS OF RUSSELL INVESTMENT FUNDS
Bylaws • February 9th, 2012 • Russell Investment Funds
Letter Agreement
Administrative Agreement • February 9th, 2012 • Russell Investment Funds

This letter agreement amends the Amended and Restated Administrative Agreement (the “Agreement”) dated January 1, 2008 between Russell Investment Funds (“RIF”) and Russell Fund Services Company (“RFSC” or the “Manager”). RIF and RFSC desire to amend and restate Section 6.A of the Agreement as follows:

AMENDMENT TO SECURITIES LENDING AUTHORIZATION AGREEMENT between RUSSELL INVESTMENT FUNDS, on behalf of each of its series listed on Schedule C, and STATE STREET BANK AND TRUST COMPANY
Securities Lending Authorization Agreement • February 9th, 2012 • Russell Investment Funds

This Amendment (this “Amendment”) dated as of March 28, 2011 is made to the Amended and Restated Securities Lending Authorization Agreement dated October 5, 2009 (the “Agreement”) between Russell Investment Funds, on behalf of each of its series listed on Schedule C, (the “Trust”) and State Street Bank and Trust Company, its affiliates or subsidiaries, as lending agent (“State Street”).

RUSSELL INVESTMENT FUNDS AMENDMENT TO FIRST AMENDED AND RESATED MASTER TRUST AGREEMENT Regarding Designation of Sub-Trusts
Master Trust Agreement • February 9th, 2012 • Russell Investment Funds

AMENDMENT NO. 1 to the First Amended and Restated Master Trust Agreement dated October 1, 2008 (referred to herein as the “Agreement”), done this 31st day of August, 2010, by the Trustees under such Agreement.

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