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ADDENDUM TO INVESTMENT MANAGEMENT AND SERVICES AGREEMENT
"Part Two: COMPENSATION TO INVESTMENT MANAGER" paragraph (1) of
the Investment Management and Services Agreement between IDS Life
Series Fund, Inc. (the Fund) and IDS Life Insurance Company (IDS
Life) dated December 17, 1985, has been modified as follows. All
other provisions of this Investment Management and Services
Agreement remain in full force and effect.
(1) The Fund agrees to pay IDS Life, and IDS Life covenants and
agrees to accept from the Fund in full payment for all the services
furnished, and for the use of all facilities and equipment, and for
all expenses paid or reimbursed by IDS Life hereunder, a fee for
each calendar day of each year equal to the total of 1/365th
(1/366th in each leap year) of:
.70 percent for the Equity Portfolio
.70 percent for the Income Portfolio
.70 percent for the Managed Portfolio
.70 percent for the Government Securities Portfolio
.95 percent for the International Equity Portfolio and
.50 percent for the Money Market Portfolio
to be computed for each day on the basis of net assets as of the
close of business of the full business day two (2) business days
prior to the day for which the computation is being made. In the
case of the suspension of the computation of net asset value, the
said fee for each day during such suspension shall be computed as
of the close of business on the last full business day on which the
net assets were computed. As used herein, "net assets" as of the
close of a full business day shall include all transactions in
shares of the Fund recorded on the books of the Fund for that day.
IN WITNESS WHEREOF, the parties have executed the Addendum as of
the 28th day of October, 1994.
IDS LIFE SERIES FUND, INC.
Attest: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx Xxxxxx Xxxxxxx X. Xxxxx
Title: Secretary Title: President
IDS LIFE INSURANCE COMPANY
Attest: /s/ Xxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxxxxxx
Xxxxx Xxxxxxx Xxxxxxx X. Xxxxxxxxxx
Title: Assistant Secretary Title: Vice President
