Exhibit 23(d)2(7)a
Amendment to Subadvisory Agreement between
Alliance Capital Management L.P.
and
Phoenix Variable Advisors, Inc.
dated 9/4/03
AMENDMENT
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The Subadvisory Agreement dated as of September 28, 2000 (the "Agreement") by
and between Phoenix Variable Advisors, Inc. ("Advisor") and Alliance Capital
Management L.P. ("Subadvisor"), acting through its Xxxxxxxxx Investment Research
and Management unit, on behalf of the Phoenix-Xxxxxxx Xxxxxxxxx Small-Cap Value
Series, is hereby amended as follows:
1. Schedule C to the Agreement is hereby deleted in its entirety and
Schedule C attached hereto substituted in its place.
2. Except as expressly amended hereby, all provisions of the Agreement
remain in full force and effect and are unchanged in all other
respects. To the extent not preempted by the provisions of any law of
the United States heretofore or hereafter enacted, this Amendment
shall be construed in accordance with and governed by the laws of the
Commonwealth of Massachusetts.
3. This Amendment shall become effective on the date first accepted by
the Subadvisor which date is set forth above the Subadvisor's name on
the signature page hereof.
4. This Amendment may be executed in one or more counterparts, each of
which shall be deemed to be an original and, all of which, when taken
together, shall constitute but one and the same instrument.
IN WITNESS WHEREOF, the parties hereto intending to be legally bound have
caused this Amendment to be executed by their duly authorized officers or other
representatives.
PHOENIX VARIABLE ADVISORS, Inc.
By: /s/ Xxxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Vice President and Compliance Officer
ACCEPTED by Subadvisor this 4th day of
September, 2003
ALLIANCE CAPITAL MANAGEMENT L.P.
By: Alliance Capital Management
Corporation, its General Partner
By: /s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
Assistant Secretary
SCHEDULE C
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SUBADVISORY FEE
For services provided to the Fund pursuant to paragraph 3 hereof, the
Advisor will pay to the Subadvisor, on or before the 10th day of each month, a
fee, payable in arrears, at the annual rate of
0.9000% on the first $10 million of net assets;
0.7875% on the next $10 million of net assets;
0.6750% on net assets in excess of $20 million.
The fees shall be prorated for any month during which this agreement is in
effect for only a portion of the month. In computing the fee to be paid to the
Subadvisor, the net asset value of the Fund and each Series shall be valued as
set forth in the then current registration statement of the Fund.
