EX-99.h(8)
AMENDMENT
TO
ADMINISTRATION AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC, a Michigan limited liability company ("Administrator"), and JNL
SERIES TRUST, a Massachusetts business trust ("Trust").
WHEREAS, the Administrator and the Trust entered into an Administration
Agreement dated as of January 31, 2001 ("Agreement"), whereby the Administrator
agreed to provide certain administrative services to the investment portfolios
of the JNL Series Trust (each a "Fund"); and
WHEREAS, pursuant to the Agreement, each Fund agreed to pay the
Administrator for the services provided and the expenses assumed by each Fund
as set forth in Schedule B to the Agreement, and the Administrator agreed to
accept such fee as full compensation under the Agreement for such services and
expenses which included charges for services and expenses of the Trustees ; and
WHEREAS, the Trustees of the Trust have resolved to exclude from the
Administration Agreement the compensation and expenses of the disinterested
Trustees (as defined in the Investment Company Act of 1940, as amended),
effective as of May 16, 2002.
NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereby agree to amend the Agreement, effective as of May
16, 2002, as follows:
1. Sub-section 2.1.8 of the Administration Agreement is hereby deleted in its
entirety.
2. Section 2.2 of the Administration Agreement is hereby amended replacing the
period at the end of subsection 2.2.7 with a semi colon, and by adding to
the end of Section 2.2 a new Sub-section 2.2.8 which shall read:
"2.2.8 Trustees' Fees and Expenses. All compensation of Trustees, all
expenses incurred in connection with such Trustees' services as
Trustees, and all other expenses of meetings of the Trustees or
committees thereof."
IN WITNESS WHEREOF, the Administrator and the Trust have caused this
Amendment to be executed as of this 16th day of May, 2002.
XXXXXXX NATIONAL ASSET JNL SERIES TRUST
MANAGEMENT, LLC
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxx Name: Xxxxxx X. Xxxxxxx
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Title: Chief Financial Officer Title: President
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