November 8, 2002 Nicholas-Applegate Capital Management 600 West Broadway, 29th Floor San Diego, California 92101 Ladies and Gentlemen: This will confirm our agreement that Schedule A to the Investment Advisory Agreement between us dated January 31,...

                                                                  EXHIBIT (d)(8)

                     Xxxxxxxx-Xxxxxxxxx Institutional Funds
                          000 Xxxx Xxxxxxxx, 00xx Xxxxx
                           Xxx Xxxxx, Xxxxxxxxxx 00000



                                November 8, 2002



Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000


Ladies and Gentlemen:

     This will confirm our agreement that Schedule A to the Investment Advisory
Agreement between us dated January 31, 2001 is hereby amended. The full list of
Funds covered by the Agreement and the annual advisory fee with respect to each
such Fund shall be as set forth on Exhibit A hereto.

     In all other respects, the Investment Advisory Agreement will remain in
full force and effect. Please sign this letter below to confirm your agreement
with this amendment.

                                            Very truly yours,



                                            Xxxxxxx X. Xxxxxx
                                            Assistant Secretary


AGREED:
Xxxxxxxx-Xxxxxxxxx Capital Management



By:   ____________________________
         Xxxxxxx X. Xxxxx, Xx.
         Deputy General Counsel









                                    Exhibit A


FUND                                               INVESTMENT ADVISORY FEE
                                              (AS A PERCENTAGE OF AVERAGE DAILY
                                                         NET ASSETS)

Growth Discovery                                             1.00

Emerging Growth                                              .75

Value Opportunities                                          .75

Large Cap Value                                              .45

U.S. Large Cap Select Growth                                 .45

U.S Equity Growth                                            .60

Convertible                                                  .55

Worldwide Growth                                             .50

Global Select                                                .65

International Core Growth                                    .50

International Growth Opportunities                           .70

International Structured                                     .50

Emerging Countries                                           .85

High Yield Bond                                              .40