100
Exhibit 23(d)20
Small Cap Value
Xxxx Xxxxxxx Variable Series Trust I
Xxxxxxx X. Xxx Xxxx
Chairman and Trustee
[LOGO] Xxxx Xxxxxxx (R)
Financial Services
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 May 1, 2001
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 Small
Cap Value Portfolio, to adjust the current fee schedule, effective as of July 1,
2001. Attached is a revised copy of Schedule I which maintains a 60 basis point
charge for the first $500 million of Net Assets and introduces a 55 basis point
charge for all 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
101
Received and agreed to:
X. Xxxx Price Associates, Inc.
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
SCHEDULE I
(As of July 1, 2001)
FEES
Small 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 Sixty (60) basis points (0.60%)
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On amounts over $500,000,000 Fifty Five (55) basis points (0.55%)
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