Exhibit (d)56
Xxxx Xxxxxxx Variable Series Trust I
Xxxxxxx X. Xxx Xxxx
Chairman and Trustee
June 21, 2001
X. Xxxx Price Associates, Inc.
000 Xxxx Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Attn: Xxxxxx Xxxxx
Assistant Vice President
Re: Sub-Investment Management Agreement
dated as of March 29, 1996 and amended March 22, 1999
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Dear Xx. Xxxxx:
This letter will memorialize our mutual agreement to amend Schedule I
to the above-referenced Sub-Investment Management Agreement, relating to the
Large Cap Value Portfolio, to adjust the current fee schedule, effective as of
July 1, 2001. Attached is a revised copy of Schedule I which caps the 40 basis
point charge at the first $500 million of Net Assets and reduces the fee to a 35
basis point charge for amounts over $500 million. Please substitute copies of
the attached Schedule I for the old copies of Schedule I in your files.
Kindly acknowledge receipt of this letter and the attachment, and
indicate your agreement to the amendment of Schedule I, by signing and returning
the duplicate of this letter. Thank you.
XXXX XXXXXXX XXXX XXXXXXX VARIABLE
LIFE INSURANCE COMPANY SERIES TRUST I
By: /s/ Xxxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxx Xxxx
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Xxxxxx X. Xxxxxxx Xxxxxxx X. Xxx Xxxx
Senior Vice President & Chairman and Trustee
Chief Investment Strategist
Received and agreed to:
X. Xxxx Price Associates, Inc.
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
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Title: Vice President
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SCHEDULE I
(As of July 1, 2001)
FEES
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Large Cap Value
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Current Net Assets Under Management Sub-Investment Management Fee
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On the first $500,000,000 Forty (40) basis points (0.40%)
On amounts over $500,000,000 Thirty Five (35) basis points (0.35%)
