KEYPORT VARIABLE INVESTMENT TRUST
Amendment No. 1
to
Management Agreements
With
Keyport Advisory Services Corp.
AGREEMENT, made as of February 28, 1995, among KEYPORT VARIABLE
INVESTMENT TRUST, a business trust organized under the laws of The Commonwealth
of Massachusetts (the "Trust"), on behalf of each of its six series funds named
below (the "Funds"), and Keyport Advisory Services Corp., a Massachusetts
corporation ("KASC").
1. Reference is made to each of (i) the Management Agreement dated June
7, 1993 between KASC and the Trust, on behalf of Colonial-Keyport U.S.
Government Fund, Colonial-Keyport Growth and Income Fund and Colonial-Keyport
Utilities Fund, and (ii) the Management Agreement dated May 2, 1994 between KASC
and the Trust, on behalf of Colonial-Keyport International Fund For Growth,
Colonial-Keyport U.S. Fund For Growth and Colonial-Keyport Strategic Income Fund
(each a "Management Agreement").
2. Each of the Trust and KASC hereby agrees that the second paragraph
of Section 2A(b) of each Management Agreement shall hereby be amended to read in
its entirely as follows:
"It is understood that the Manager may, in its discretion and
at its expense, delegate some or all of its administrative duties and
responsibilities under this subsection 2A to the Manager's affiliate,
Liberty Financial Companies, Inc. (`LFC'), or to any of LFC's majority
or greater owned subsidiaries."
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound
hereby, have executed and delivered this Agreement as of the date first written
above.
KEYPORT VARIABLE INVESTMENT TRUST,
on behalf of each of the Funds.
By: Xxxxxxx X. Xxxxxxxxxxx
Title: President
KEYPORT ADVISORY SERVICES CORP.
By: Xxxx X. XxXxxxx, Xx.
Title: President
