EX-99.23(d)(69)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
STANDARD & POOR'S INVESTMENT ADVISORY SERVICES, INC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC, a Michigan limited liability company and registered investment
adviser ("Adviser"), and STANDARD & POOR'S INVESTMENT ADVISORY SERVICES, INC, a
Delaware corporation and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust; and
WHEREAS, certain S&P/JNL Funds will be merged as outlined below; and
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Acquiring Funds Acquired Funds
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S&P/JNL Conservative Growth Fund I S&P/JNL Conservative Growth Fund II
S&P/JNL Conservative Growth Fund
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S&P/JNL Moderate Growth Fund I S&P/JNL Moderate Growth Fund II
S&P/JNL Moderate Growth Fund
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S&P/JNL Aggressive Growth Fund I S&P/JNL Aggressive Growth Fund II
S&P/JNL Aggressive Growth Fund
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S&P/JNL Very Aggressive Growth Fund I S&P/JNL Very Aggressive Growth Fund II
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S&P/JNL Equity Growth Fund I S&P/JNL Equity Growth Fund II
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S&P/JNL Equity Aggressive Growth Fund I S&P/JNL Equity Aggressive Growth Fund II
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NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated May 3, 2004, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated May 3, 2004, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 3rd day of May, 2004.
XXXXXXX NATIONAL ASSET STANDARD & POOR'S INVESTMENT
MANAGEMENT, LLC ADVISORY SERVICES, INC.
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxxxx
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Name: XXXXXX X. XXXXXXX Name: XXXXXX X. XXXXXXX
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Title: PRESIDENT Title: PRESIDENT
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SCHEDULE A
DATED MAY 3, 2004
(Fund)
S&P/JNL Aggressive Growth Fund I
S&P/JNL Conservative Growth Fund I
S&P/JNL Equity Aggressive Growth Fund I
S&P/JNL Equity Growth Fund I
S&P/JNL Moderate Growth Fund I
S&P/JNL Very Aggressive Growth Fund I
S&P/JNL Core Index 50 Fund
S&P/JNL Core Index 75 Fund
S&P/JNL Core Index 100 Fund
SCHEDULE B
DATED MAY 3, 2004
(Compensation)
S&P/JNL Aggressive Growth Fund I
S&P/JNL Conservative Growth Fund I
S&P/JNL Equity Aggressive Growth Fund I
S&P/JNL Equity Growth Fund I
S&P/JNL Moderate Growth Fund I
S&P/JNL Very Aggressive Growth Fund I
S&P/JNL Core Index 50 Fund
S&P/JNL Core Index 75 Fund
S&P/JNL Core Index 100 Fund
ASSETS ANNUAL RATE
$0 to $1.3 billion 0.07%
Over $1.3 billion 0.05%
