EXECUTION COPY
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ADMINISTRATION AGREEMENT
Agreement dated as of October 1, 2001 by and between State Street Bank
and Trust Company, a Massachusetts trust company (the "Administrator"), and Met
Investors Series Trust, a Delaware business trust (the "Trust").
WHEREAS, the Trust is registered as an open-end, management investment
company under the Investment Company Act of 1940, as amended (the "1940 Act");
and
WHEREAS, the Trust desires to retain the Administrator to furnish
certain administrative services to the Trust, and the Administrator is willing
to furnish such services, on the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:
1. APPOINTMENT OF ADMINISTRATOR
The Trust hereby appoints the Administrator to act as administrator
with respect to the Trust for purposes of providing certain administrative
services for the period and on the terms set forth in this Agreement. The
Administrator accepts such appointment and agrees to render the services stated
herein.
The Trust will initially consist of the portfolio(s) and/or class(es)
of shares (each an "Investment Fund") listed in Schedule A to this Agreement. In
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the event that the Trust establishes one or more additional Investment Funds
with respect to which it wishes to retain the Administrator to act as
administrator hereunder, the Trust shall notify the Administrator in writing.
Upon written acceptance by the Administrator, such Investment Fund shall become
subject to the provisions of this Agreement to the same extent as the existing
Investment Funds, except to the extent that such provisions (including those
relating to the compensation and expenses payable by the Trust and its
Investment Funds) may be modified with respect to each additional Investment
Fund in writing by the Trust and the Administrator at the time of the addition
of the Investment Fund.
2. DELIVERY OF DOCUMENTS
The Trust will promptly deliver to the Administrator copies of each of
the following documents and all future amendments and supplements, if any:
a. The Trust's Agreement and Declaration of Trust and by-laws;
b. The Trust's currently effective registration statement under the
Securities Act of 1933, as amended (the "1933 Act"), and the 1940
Act and the Trust's
Prospectus(es) and Statement(s) of Additional Information
relating to all Investment Funds and all amendments and
supplements thereto as in effect from time to time;
c. Certified copies of the resolutions of the Board of Trustees of
the Trust (the "Board") authorizing (1) the Trust to enter into
this Agreement and (2) certain individuals on behalf of the Trust
to (a) give instructions to the Administrator pursuant to this
Agreement and (b) sign checks and pay expenses;
d. A copy of the investment advisory agreement between the Trust and
its investment adviser; and
e. Such other certificates, documents or opinions which the
Administrator may, in its reasonable discretion, deem necessary
or appropriate in the proper performance of its duties.
3. REPRESENTATIONS AND WARRANTIES OF THE ADMINISTRATOR
The Administrator represents and warrants to the Trust that:
a. It is a Massachusetts trust company, duly organized and existing
under the laws of The Commonwealth of Massachusetts;
b. It has the corporate power and authority to carry on its business
in The Commonwealth of Massachusetts;
c. All requisite corporate proceedings have been taken to authorize
it to enter into and perform this Agreement;
d. No legal or administrative proceedings have been instituted or
threatened which would impair the Administrator's ability to
perform its duties and obligations under this Agreement; and
e. Its entrance into this Agreement shall not cause a material
breach or be in material conflict with any other agreement or
obligation of the Administrator or any law or regulation
applicable to it.
4. REPRESENTATIONS AND WARRANTIES OF THE TRUST
The Trust represents and warrants to the Administrator that:
a. It is a business trust, duly organized, existing and in good
standing under the laws of the State of Delaware;
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b. It has the power and authority under applicable laws and by its
charter and by-laws to enter into and perform this Agreement;
c. All requisite proceedings have been taken to authorize it to
enter into and perform this Agreement;
d. It is an investment company properly registered under the 1940
Act;
e. A registration statement under the 1933 Act and the 1940 Act has
been filed and will be effective and remain effective during the
term of this Agreement. The Trust also warrants to the
Administrator that as of the effective date of this Agreement,
all necessary filings under the securities laws of the states in
which the Trust offers or sells its shares have been made;
f. No legal or administrative proceedings have been instituted or
threatened which would impair the Trust's ability to perform its
duties and obligations under this Agreement;
g. Its entrance into this Agreement will not cause a material breach
or be in material conflict with any other agreement or obligation
of the Trust or any law or regulation applicable to it; and
h. As of the close of business on the date of this Agreement, the
Trust is authorized to issue an unlimited number of shares of
beneficial interest.
5. ADMINISTRATION SERVICES
The Administrator shall provide the following services, in each case,
subject to the control, supervision and direction of the Trust and the review
and comment by the Trust's auditors and legal counsel and in accordance with
procedures which may be established from time to time between the Trust and the
Administrator:
a. Oversee the determination and publication of the Trust's net
asset value in accordance with the Trust's policy as adopted from
time to time by the Board;
b. Oversee the maintenance by the Trust's custodian of certain books
and records of the Trust as required under Rule 31a-1(b) of the
1940 Act;
c. Prepare the Trust's federal, state and local income tax returns
for review by the Trust's independent accountants and execution
by the Trust's treasurer; file the Trust's federal, state and
local income tax returns;
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d. Review calculation, submit for approval by officers of the Trust
and arrange for payment of the Trust's expenses;
e. Prepare for review and approval by officers of the Trust
financial information for the Trust's semi-annual and annual
reports, proxy statements and other communications required or
otherwise to be sent to Trust shareholders, and arrange for the
printing and dissemination of such reports and communications to
shareholders;
f. Prepare for review by an officer of and legal counsel for the
Trust the Trust's periodic financial reports required to be filed
with the Securities and Exchange Commission ("SEC") on Form N-SAR
and financial information required by Form N-1A and such other
reports, forms or filings as may be mutually agreed upon;
g. Prepare reports relating to the business and affairs of the Trust
as may be mutually agreed upon and not otherwise prepared by the
Trust's investment adviser, custodian, legal counsel or
independent accountants;
h. Make such reports and recommendations to the Board concerning the
performance of the independent accountants as the Board may
reasonably request;
i. Make such reports and recommendations to the Board concerning the
performance and fees of the Trust's custodian and transfer and
dividend disbursing agent ("Transfer Agent") as the Board may
reasonably request or deems appropriate;
j. Oversee and review calculations of fees paid to the Trust's
investment adviser, custodian and Transfer Agent;
k. Consult with the Trust's officers, independent accountants, legal
counsel, custodian and Transfer Agent in establishing the
accounting policies of the Trust;
l. Respond to, or refer to the Trust's officers or Transfer Agent,
shareholder inquiries relating to the Trust;
m. Provide periodic testing of portfolios to assist the Trust's
investment adviser in complying with Internal Revenue Code
mandatory qualification requirements, the requirements of the
1940 Act and Trust prospectus limitations as may be mutually
agreed upon;
n. Review and provide assistance on shareholder communications;
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o. Maintain general corporate calendar;
p. Maintain copies of the Trust's Agreement and Declaration of Trust
and by-laws;
q. File annual and semi-annual shareholder reports with the
appropriate regulatory agencies; review text of "President's
letters" to shareholders and "Management's Discussion of Trust
Performance" (which shall also be subject to review by the
Trust's legal counsel);
r. Organize, attend and prepare minutes of shareholder meetings;
s. Provide consultation on regulatory matters relating to portfolio
management, Trust operations and any potential changes in the
Trust's investment policies, operations or structure; act as
liaison to legal counsel to the Trust and, where applicable, to
legal counsel to the Trust's independent Board members;
t. Prepare performance information such as before and after-tax
total returns;
u. Maintain continuing awareness of significant emerging regulatory
and legislative developments which may affect the Trust, update
the Board and the investment adviser on those developments and
provide related planning assistance where requested or
appropriate;
v. Develop or assist in developing guidelines and procedures to
improve overall compliance by the Trust and its various agents;
w. Counsel and assist the Trust in the handling of routine
regulatory examinations and work closely with the Trust's legal
counsel in response to any non-routine regulatory matters;
Subject to review and comment by the Trust's legal counsel:
x. Prepare for filing with the SEC amendments to the Trust's
registration statement, including updating the Prospectus and
Statement of Additional Information, where applicable;
y. Prepare for filing with the SEC proxy statements; provide
consultation on proxy solicitation matters;
z. Prepare agenda and background materials for Board meetings, make
presentations where appropriate, prepare minutes and follow-up on
matters raised at Board meetings;
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aa. Prepare and file with the SEC Rule 24f-2 notices; and
bb. Supply the Trust with officers, as necessary.
The Administrator shall provide the office facilities and the personnel required
by it to perform the services contemplated herein.
6. FEES; EXPENSES; EXPENSE REIMBURSEMENT
The Administrator shall receive from the Trust such compensation for
the Administrator's services provided pursuant to this Agreement as may be
agreed to from time to time in a written fee schedule approved by the parties
and initially set forth in the Fee Schedule to this Agreement. The fees are
accrued daily and billed monthly and shall be due and payable promptly after
receipt of the invoice. Upon the termination of this Agreement before the end of
any month, the fee for the part of the month before such termination shall be
prorated according to the proportion which such part bears to the full monthly
period and shall be payable upon the date of termination of this Agreement. In
addition, the Trust shall reimburse the Administrator for its out-of-pocket
costs incurred in connection with this Agreement, as may be agreed to by the
parties from time to time.
The Trust agrees promptly to reimburse the Administrator for any
equipment and supplies specially ordered by or for the Trust through the
Administrator and for any other expenses not contemplated by this Agreement that
the Administrator may incur on the Trust's behalf at the Trust's request or with
the Trust's consent.
The Trust will bear all expenses that are incurred in its operation
and not specifically assumed by the Administrator. Expenses to be borne by the
Trust, include, but are not limited to: organizational expenses; cost of
services of independent accountants and outside legal and tax counsel (including
such counsel's review of the Trust's registration statement, proxy materials,
federal and state tax qualification as a regulated investment company and other
reports and materials prepared by the Administrator under this Agreement); cost
of any services contracted for by the Trust directly from parties other than the
Administrator; cost of trading operations and brokerage fees, commissions and
transfer taxes in connection with the purchase and sale of securities for the
Trust; investment advisory fees; taxes, insurance premiums and other fees and
expenses applicable to its operation; costs incidental to any meetings of
shareholders including, but not limited to, legal and accounting fees, proxy
filing fees and the costs of preparation (excluding preparation as provided in
Section 5x) and XXXXX filing, printing and mailing of any proxy materials; costs
incidental to Board meetings, including fees and expenses of Board members; the
salary and expenses of any officer, director\trustee or employee of the Trust,
other than employees of the Administrator; costs incidental to the preparation
(excluding preparation as provided in Section 5w) and XXXXX filing, printing and
distribution of the Trust's registration statements and any amendments thereto
and shareholder reports; cost of typesetting and printing of prospectuses; cost
of preparation (excluding preparation as provided in Section 5) and filing of
the Trust's tax returns, Form N-1A or N-2 and Form N-SAR, and all notices,
registrations and amendments associated with applicable federal and state tax
and securities laws; all applicable registration fees
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and filing fees required under federal and state securities laws; fidelity bond
and directors' and officers' liability insurance; and cost of independent
pricing services used in computing the Trust's net asset value.
The Administrator is authorized to and may employ or associate with such
person or persons as the Administrator may deem desirable to assist it in
performing its duties under this Agreement; provided, however, that the
compensation of such person or persons shall be paid by the Administrator and
that the Administrator shall be as fully responsible to the Trust for the acts
and omissions of any such person or persons as it is for its own acts and
omissions.
7. INSTRUCTIONS AND ADVICE
At any time, the Administrator may apply to any officer of the Trust
for instructions and may consult with its own legal counsel at its own expense
or outside counsel for the Trust or the independent accountants for the Trust at
the expense of the Trust, with respect to any matter arising in connection with
the services to be performed by the Administrator under this Agreement. The
Administrator shall not be liable, and shall be indemnified by the Trust, for
any action taken or omitted by it in good faith in reliance upon any such
instructions or advice or upon any paper or document reasonably believed by it
to be genuine and to have been signed by the proper person or persons. The
Administrator shall not be held to have notice of any change of authority of any
person until receipt of written notice thereof from the Trust. Nothing in this
paragraph shall be construed as imposing upon the Administrator any obligation
to seek such instructions or advice, or to act in accordance with such advice
when received.
8. LIMITATION OF LIABILITY AND INDEMNIFICATION
The Administrator shall be responsible for the performance of only
such duties as are set forth in this Agreement and, except as otherwise provided
under Section 6, shall have no responsibility for the actions or activities of
any other party, including other service providers. The Administrator shall have
no liability in respect of any loss, damage or expense suffered by the Trust
insofar as such loss, damage or expense arises from the performance of the
Administrator's duties hereunder in reliance upon records that were maintained
for the Trust by entities other than the Administrator prior to the
Administrator's appointment as administrator for the Trust. The Administrator
shall have no liability for any error of judgment or mistake of law or for any
loss or damage resulting from the performance or nonperformance of its duties
hereunder unless solely caused by or resulting from the bad faith, negligence,
willful misconduct or reckless disregard of the duties and obligations of the
Administrator, its officers or employees. The Administrator shall not be liable
for any special, indirect, incidental, or consequential damages of any kind
whatsoever (including, without limitation, attorneys' fees) under any provision
of this Agreement. In any event, for any liability or loss suffered by the Trust
including, but not limited to, any liability relating to qualification of the
Trust as a regulated investment company or any liability relating to the Trust's
compliance with any federal or state tax or securities statute, regulation or
ruling, the Administrator's liability under this Agreement shall be limited to
such amount as may be agreed upon from time to time between the parties hereto.
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Except as may arise from the Administrator's bad faith, negligence,
willful misconduct or reckless disregard of its duties and obligations under
this Agreement, the Administrator shall not be responsible or liable for any
failure or delay in performance of its obligations under this Agreement arising
out of or caused, directly or indirectly, by circumstances beyond its control,
including without limitation, work stoppage, power or other mechanical failure,
computer virus, natural disaster, governmental action or communication
disruption.
The Trust shall indemnify and hold the Administrator harmless from all
loss, cost, damage and expense, including reasonable fees and expenses for
counsel, incurred by the Administrator resulting from any claim, demand, action
or suit in connection with the Administrator's acceptance of this Agreement, any
action or omission by it in the performance of its duties hereunder, or as a
result of acting upon any instructions reasonably believed by it to have been
duly authorized by the Trust, provided that this indemnification shall not apply
to actions or omissions of the Administrator, its officers or employees in cases
of its or their own bad faith, negligence, willful misconduct or reckless
disregard of their duties and obligations.
The Trust will be entitled to participate at its own expense in the
defense, or, if it so elects, to assume the defense of any suit brought to
enforce any liability subject to the indemnification provided above. In the
event the Trust elects to assume the defense of any such suit and retain
counsel, the Administrator or any of its affiliated persons, named as defendant
or defendants in the suit, may retain additional counsel but shall bear the fees
and expenses of such counsel unless (i) the Trust shall have specifically
authorized the retaining of such counsel or (ii) the Administrator shall have
determined in good faith that the retention of such counsel is required as a
result of a conflict of interest.
The indemnification contained herein shall survive the termination of
this Agreement.
9. CONFIDENTIALITY
The Administrator agrees that, except as otherwise required by law or
in connection with any required disclosure to a banking or other regulatory
authority, it will keep confidential all records and information in its
possession relating to the Trust or its shareholders or shareholder accounts and
will not disclose the same to any person except at the request or with the
written consent of the Trust.
10. COMPLIANCE WITH GOVERNMENTAL RULES AND REGULATIONS; RECORDS
The Trust assumes full responsibility for complying with all
securities, tax, commodities and other laws, rules and regulations applicable to
it.
In compliance with the requirements of Rule 31a-3 under the 1940 Act,
the Administrator agrees that all records which it maintains for the Trust shall
at all times remain the property of the Trust, shall be readily accessible
during normal business hours, and shall be promptly surrendered upon the
termination of the Agreement or otherwise on written request. The
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Administrator further agrees that all records which it maintains for the Trust
pursuant to Rule 31a-1 under the 1940 Act will be preserved for the periods
prescribed by Rule 31a-2 under the 1940 Act unless any such records are earlier
surrendered as provided above. Records shall be surrendered in usable
machine-readable form.
11. SERVICES NOT EXCLUSIVE
The services of the Administrator to the Trust are not to be deemed
exclusive, and the Administrator shall be free to render similar services to
others. The Administrator shall be deemed to be an independent contractor and
shall, unless otherwise expressly provided herein or authorized by the Trust
from time to time, have no authority to act or represent the Trust in any way or
otherwise be deemed an agent of the Trust.
12. TERM, TERMINATION AND AMENDMENT
(a) This Agreement shall become effective on the date first written
above and shall remain in full force and effect until December
31, 2002 and shall automatically continue in full force and
effect after such initial term unless either party terminates
this Agreement by written notice to the other party at least
sixty (60) days prior to the expiration of the initial term.
(b) Either party may terminate this Agreement at any time after the
initial term upon at least sixty (60) days' prior written notice
to the other party. Termination of this Agreement with respect to
any given Investment Fund shall in no way affect the continued
validity of this Agreement with respect to any other Investment
Fund.
(c) If this Agreement is terminated as to any additional Investment
Fund, or if any such additional Investment Fund is closed, in
each case within three (3) years of such additional Investment
Fund being added to the list of Investment Funds on Schedule A,
then such additional Investment Fund shall repay any previously
waived minimum fees to the Administrator.
(d) Upon termination of this Agreement, the Trust shall pay to the
Administrator such compensation and any reimbursable expenses as
may be due under the terms hereof as of the date of such
termination, including reasonable out-of-pocket expenses
associated with such termination.
(e) This Agreement may be modified or amended from time to time by
mutual written agreement of the parties hereto.
13. NOTICES
Any notice or other communication authorized or required by this
Agreement to be given to either party shall be in writing and deemed to have
been given when delivered in person or
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by confirmed facsimile, or posted by certified mail, return receipt requested,
to the following address (or such other address as a party may specify by
written notice to the other): if to the Trust: Met Investors Series Trust, 00
Xxxxxxxxx Xxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxxxxx 00000, Attn: Xxxxxxxxx X.
Forget, fax: (000) 000-0000; if to the Administrator: State Street Bank and
Trust Company, Xxx Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000-0000,
Attn: Fund Administration Legal Department, fax: 000-000-0000.
14. NON-ASSIGNABILITY
This Agreement shall not be assigned by either party hereto without
the prior consent in writing of the other party.
15. SUCCESSORS
This Agreement shall be binding on and shall inure to the benefit of
the Trust and the Administrator and their respective successors and permitted
assigns.
16. ENTIRE AGREEMENT
This Agreement contains the entire understanding between the parties
hereto with respect to the subject matter hereof and supersedes all previous
representations, warranties or commitments regarding the services to be
performed hereunder whether oral or in writing.
17. WAIVER
The failure of a party to insist upon strict adherence to any term of
this Agreement on any occasion shall not be considered a waiver nor shall it
deprive such party of the right thereafter to insist upon strict adherence to
that term or any term of this Agreement. Any waiver must be in writing signed by
the waiving party.
18. SEVERABILITY
If any provision of this Agreement is invalid or unenforceable, the
balance of the Agreement shall remain in effect, and if any provision is
inapplicable to any person or circumstance it shall nevertheless remain
applicable to all other persons and circumstances.
19. GOVERNING LAW
This Agreement shall be construed and the provisions thereof
interpreted under and in accordance with the laws of The Commonwealth of
Massachusetts.
20. REPRODUCTION OF DOCUMENTS
This Agreement and all schedules, exhibits, attachments and amendments
hereto may be reproduced by any photographic, photostatic, microfilm,
micro-card, miniature
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photographic or other similar process. The parties hereto all/each agree that
any such reproduction shall be admissible in evidence as the original itself in
any judicial or administrative proceeding, whether or not the original is in
existence and whether or not such reproduction was made by a party in the
regular course of business, and that any enlargement, facsimile or further
reproduction of such reproduction shall likewise be admissible in evidence.
21. TRUST MATTERS
The words "Met Investors Series Trust" and "Trustees" or "Board of
Trustees" used herein refer respectively to the Trust created and the Trustees,
as trustees of the Trust but not individually or personally acting from time to
time under an Agreement and Declaration of Trust dated July 27, 2000 which is
hereby referred to and a copy of which is on file at the office of the Secretary
of State of the State of Delaware and at the principal office of the Trust. The
obligations of "Met Investors Series Trust" entered into the name or on behalf
thereof by any of the Trustees, officers, representatives or agents of the Trust
are made not individually, but in such capacities, and are not binding upon any
of the Trustees, shareholders, officers, representatives or agents of the Trust
personally, but bind only the Trust property, and all persons dealing with any
class of shares of the Trust must look solely to the Trust property belonging to
such class for the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their officers designated below as of the date first written above.
MET INVESTORS SERIES TRUST
By: /s/ Xxxxxxxxx X. Forget
---------------------------------
Name: Xxxxxxxxx X. Forget
Title: President
STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxxxx X. Xxxxxxx
---------------------------------
Name: Xxxxxxxx X. Xxxxxxx
Title: Executive Vice President
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MET INVESTORS SERIES TRUST ADMINISTRATION AGREEMENT
SCHEDULE A
LISTING OF INVESTMENT FUNDS
X.X. Xxxxxx Quality Bond Fund
X.X. Xxxxxx Small Cap Stock
X.X. Xxxxxx Enhanced Index
X.X. Xxxxxx Select Equity
X.X. Xxxxxx International Equity
Lord Xxxxxx Bond Debenture
Lord Xxxxxx Mid-Cap Value
Lord Xxxxxx Developing Growth
Lord Xxxxxx Growth and Income
Lord Xxxxxx Growth Opportunities
Firstar Balanced
Firstar Equity Income
Firstar Growth and Income
BlackRock Equity
BlackRock U.S. Government Income
PIMCO Total Return
PIMCO Money Market
PIMCO Innovation
MFS Mid Cap Growth
MFS Research International
Met/Xxxxxx Research
Janus Aggressive Growth
Xxxxxxxxxxx Capital Appreciation
Met/AIM Mid Cap Equity
Met/AIM Small Cap Growth
State Street Research Concentrated International
00
XXXXX XXXXXX XXXX AND TRUST COMPANY
FUND ADMINISTRATION COMPLEX FEE SCHEDULE
FOR
MET INVESTORS SERIES TRUST
I. FEES FOR FUND ADMINISTRATION SERVICES:
The following fee schedule is for full-administration services for Met
Investors Series Trust. These services include: Daily Accounting Oversight,
IRS / SEC Compliance, Financial Reporting, Expense Budgeting & Xxxx
Processing, Board Reporting, Tax Reporting, Blue Sky and Legal support, as
described in the Administration Agreement. For these services the Funds
will be charged according to the following fee schedule:
Annual Fee
Average Assets Expressed in Basis Points: 1/100 of 1%
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First $100 Million / Fund 5.00
Next $100 Million / Fund 2.00
Thereafter 1.00
Minimum / Fund $50,000
For each additional fund beyond the original 23 funds, Fund Administration
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will waive the fund minimum fee until the new funds have completed their
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first 12 months of operations. If any such additional fund is closed or if
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this Agreement is terminated with respect to such additional fund, in
either case within three (3) years of such additional Investment Fund being
added to the list of Investment Funds on Schedule A, then such additional
fund shall repay any previously waived minimum fees to the Administrator.
Fund Fees:
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Fees will be calculated by multiplying each average asset break point in
the above schedule by the total number of funds only to determine the break
points used in the schedule (i.e., 23 funds at $100 million or $2.3 billion
at 5.00 basis points etc...). Total net assets of all Funds will be used to
calculate the fee by multiplying the net assets of the Funds by the basis
point fees in the above schedule. The minimum fee will be calculated by
multiplying the minimum fee by the number of Funds to arrive at the total
minimum fee. The greater of the basis point fee or the total minimum fee
will be accrued to each Fund based on the pro-rata total net asset value of
each Fund.
II. MULTIPLE CLASSES OF SHARES
An additional annual fee will be applied for certain classes based on the
following table:
First class of shares $ 0
Second class of shares $10,000
Thereafter $ 5,000
III. OUT OF POCKET EXPENSES - INCLUDE, BUT MAY NOT BE LIMITED TO:
. Legal fees, audit fees and other professional fees
. Postage and supplies related to Fund records
. Travel and lodging for Board and Operations meetings
. Preparation of financial statements other than Annual and Semi-Annual
Reporting, $3,000 per financial report.
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IV. SPECIAL ARRANGEMENTS
Fees for activities of a non-recurring nature such as reorganizations,
and/or preparation of special reports will be subject to negotiation. Fees
for a change in fund structure (i.e., Core and Feeder) are subject to
negotiation.
V. TERM OF THE CONTRACT
The parties agree that this fee schedule shall remain in effect until
December 31, 2002 and from year to year thereafter until it is revised as a
result of negotiations initiated by either party.
MET INVESTORS SERIES TRUST STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxxxxx X. Forget By: /s/ Xxxxxxxx X. Xxxxxxx
------------------------------ ---------------------------------
Name: Xxxxxxxxx X. Forget Name: Xxxxxxxx X. Xxxxxxx
Title: President Title: Executive Vice President
Date: 10/1/01 Date:
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