EXHIBIT (E)(3)
SUPPLEMENT TO
DISTRIBUTION CONTRACT
PIMCO Variable Insurance Trust
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
_______________, 1999
PIMCO Funds Distributors LLC
0000 Xxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000
RE: Total Return Portfolio II
Dear Sirs:
This will confirm the agreement between the undersigned (the "Trust") and
PIMCO Funds Distributors LLC (the "Distributor") (formerly PIMCO Funds
Distribution Company) as follows:
1. The Trust is an open-end management investment company organized as a
Delaware business trust and consisting of such separate investment Portfolio as
have been or may be established by the Trustees of the Trust from time to time.
A separate class of shares of beneficial interest in the Trust is offered to
investors with respect to each investment portfolio. The Total Return Portfolio
II (the "Portfolio") is a separate investment Portfolio of the Trust.
2. The Trust and the Distributor have entered into a Distribution Contract
(the "Contract") dated December 31, 1997, pursuant to which the Distributor has
agreed to be the distributor of shares of the Trust.
3. As provided in paragraph 1 of the Contract, the Distributor hereby adopts
the Contract with respect to the Portfolio and the Distributor hereby
acknowledges that the Contract shall pertain to the Portfolio, the terms and
conditions of such Contract being hereby incorporated herein by reference.
4. This Supplement and the Contract shall become effective with respect to
the Portfolio on _______________, 1999 and shall continue in effect for a period
of more than two year from the effective date of this Supplement only so long as
such continuance is specifically approved at least annually by (a) the Trust's
Board of Trustees or, with respect to a portfolio, by the vote of a majority of
the outstanding voting securities of such Portfolio (as defined in the 1940 Act)
and (b) by the vote, cast in person at a meeting called for the purpose, of a
majority of the Trust's Trustees who are not parties to this Contract or
"interested persons" (as defined in the 1940 Act) of any such party. This
Contract shall terminate automatically in the event of its assignment (as
defined in the 1940 Act). This Contract may, in any event, be terminated at any
time without the payment of any penalty, by the Portfolio or the Distributor
upon not more than 60 days' and not less than 30 days' written notice to the
other party.
If the foregoing correctly sets forth the agreement between the Trust and the
Distributor, please so indicate by signing and returning to the Trust the
enclosed copy hereof.
Very truly yours,
PIMCO VARIABLE INSURANCE TRUST
By:
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Title:
Accepted:
PIMCO Funds Distributors LLC
By:
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Title: