Common use of Services as Investment Adviser Clause in Contracts

Services as Investment Adviser. Subject to the supervision, direction and approval of the Board, TAMIC will manage the investment operations of the Portfolio and will furnish or cause to be furnished to the Trust advice and assistance with respect to the acquisition, holding or disposal of the Portfolio's investments, in accordance with the investment objectives, policies and restrictions as communicated to it by the Board and as are contained in the Prospectus and SAI. It is expressly understood and the Trust, subject to the approval of the Board, hereby agrees that TAMIC may enter into agreements, pursuant to which a duly organized investment adviser (the "Sub-Adviser") may be appointed to provide investment advice or other services to the Portfolio.

Services as Investment Adviser. Subject to the supervision, direction and approval of the Board, TAMIC will manage the investment operations of the Portfolio and will furnish or cause to be furnished to the Trust advice and assistance with respect to the acquisition, holding or disposal of the Portfolio's investments, in accordance with the investment objectives, policies and restrictions as communicated to it by the Board and as are contained in the Prospectus and SAI. It is expressly understood and the Trust, subject to the approval of the Board, hereby agrees that TAMIC may enter into agreements, pursuant to which a duly organized investment adviser (the "Sub-Adviser") may be appointed to provide investment advice or other services to the Portfolio. 2 TAMIC shall remain responsible for ensuring that each Sub-Adviser conducts its operations in a manner consistent with the terms of this Agreement.

Services as Investment Adviser. Subject to the supervision, direction and approval of the Board, TAMIC will manage the investment operations of the Portfolio and will furnish or cause to be furnished to the Trust advice and assistance with respect to the acquisition, holding or disposal of the Portfolio's investments, in accordance with the investment objectives, policies and restrictions as communicated to it by the Board and as are contained in the Prospectus and SAI. It is expressly understood and the Trust, subject to the approval of the Board, hereby agrees that TAMIC may 2 enter into agreements, pursuant to which a duly organized investment adviser (the "Sub-Adviser") may be appointed to provide investment advice or other services to the Portfolio. TAMIC shall remain responsible for ensuring that each Sub-Adviser conducts its operations in a manner consistent with the terms of this Agreement.