Exhibit (d)36
Xxxx Xxxxxxx Variable Series Trust I
Xxxxxxx X. Xxx Xxxx
Chairman and Trustee
June 21, 2001
Mellon Bond Associates, LLP
Xxx Xxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxx, XX 00000-0000
Attn: Xxxxx X. Xxxxxx
Vice President
Re: Sub-Investment Management Agreement
dated April 20, 1998
-----------------------------------
Dear Xx. Xxxxxx:
This letter will memorialize our mutual agreement to amend Schedule I
to the above-referenced Sub-Investment Management Agreement relating to the Bond
Index Portfolio, to adjust the current fee schedule, effective as of July 1,
2001. Attached is a revised copy of Schedule I which reduces the fee to a 7
basis point charge for the first $100 million of Net Assets, maintains a 6 basis
point charge for the next $150 million, introduces a 3 basis point charge for
the next $250 million, and introduces a 1 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 X. Xxxxxxx By: /s/ Xxxxxxx X. Xxx Xxxx
-------------------------------- --------------------------------
Xxxxxx X. Xxxxxxx Xxxxxxx X. Xxx Xxxx
Senior Vice President & Chairman and Trustee
Chief Investment Strategist
Received and agreed to:
Mellon Bond Associates, LLP
By: /s/ Xxxxxxx X. Xxxx
--------------------------------
Name: Xxxxxxx X. Xxxx
Title: Chief Executive Officer
SCHEDULE I
(As of July 1, 2001)
FEES
----
Bond Index
----------
Current Net Assets Under Management Sub-Investment Management Fee
----------------------------------- -----------------------------
On the first $100,000,000 Seven (7) basis points (0.07%)
On the next $150,000,000 Six (6) basis points (0.06%)
On the next $250,000,000 Three (3) basis points (0.03%)
On amounts over $500,000,000 One (1) basis point (0.01%)
