AMENDMENT NO. 1
TO INVESTMENT ADVISORY AGREEMENT
(LB Series Fund, Inc.)
Thrivent Financial for Lutherans and LB Series Fund, Inc. hereby agree that, effective ____, 2004, the following new series shall be deemed Portfolios under terms of the Investment Advisory Agreement dated January 1, 2002, between Thrivent Financial for Lutherans and LB Series Fund, Inc.:
- Thrivent Partner Technology Portfolio
- Thrivent Partner Small Cap Value Portfolio
- Thrivent Small Cap Stock Portfolio
- Thrivent Small Cap Index Portfolio
- Thrivent Mid Cap Stock Portfolio
- Thrivent Mid Cap Index Portfolio
- Thrivent Large Cap Stock Portfolio
- Thrivent Large Cap Index Portfolio
- Thrivent Real Estate Securities Portfolio
- Thrivent Balanced Portfolio
- Thrivent Partner High Yield Portfolio
- Thrivent Bond Index Portfolio
- Thrivent Mortgage Securities Portfolio
A revised Schedule 1 is attached hereto.
LB SERIES FUND, INC.
By ------------------------------- Pamela J. Moret, President
THRIVENT FINANCIAL FOR LUTHERANS
By ------------------------------- Bruce J. Nicholson, President and Chief Executive Officer
SCHEDULE I
(effective _________, 2004)
Thrivent Partner International Stock Portfolio
0.85%
Thrivent Large Cap Growth Portfolio
0.40%
Opportunity Growth Portfolio
0.40%
Thrivent High Yield Portfolio
0.40%
Thrivent Income Portfolio
0.40%
Thrivent Mid Cap Growth Portfolio
0.40%
Thrivent Money Market Portfolio
0.40%
Thrivent Partner Small Cap Growth Portfolio
$0-$500 million 1.00%
More than $500 million .90%
Thrivent Partner Mid Cap Growth Portfolio
$0-$500 million .90%
More than $500 million .80%
Thrivent Partner All Cap Portfolio
$0-$500 million .95%
More than $500 million .90%
Thrivent Partner Investors Growth Portfolio
$0-$500 million .80%
More than $500 million .70%
Thrivent Partner Growth Stock Portfolio
$0-$500 million .80%
More than $500 million .70%
Thrivent Large Cap Value Portfolio
.60%
Thrivent Limited Maturity Bond Portfolio
.40%
Thrivent Partner Technology Stock Portfolio
.75%
Thrivent Partner Small Cap Value Portfolio
.80%
Thrivent Small Cap Stock Portfolio
$0-$200 million .70%
More than $200 million but not over $1 billion .65%
More than $1 billion but not over $2.5 billion .60%
More than $2.5 billion but not over $5 billion .55%
More than $5 billion .525%
Thrivent Small Cap Index Portfolio
$0-$500 million .35%
More than $500 million .30%
Thrivent Mid Cap Stock Portfolio
$0-$200 million .70%
More than $200 million but not over $1 billion .65%
More than $1 billion but not over $2.5 billion .60%
More than $2.5 billion but not over $5 billion .55%
More than $5 billion .525%
Thrivent Mid Cap Index Portfolio
$0-$250 million .35%
More than $250 million .30%
Thrivent Large Cap Stock Portfolio
$0-$500 million .65%
More than $500 million but not over $1 billion .575%
More than $1 billion but not over $2.5 billion .475%
More than $2.5 billion but not over $5 billion .45%
More than $5 billion .425%
Thrivent Large Company Index Portfolio
$0-$250 million .35%
More than $250 million .30%
Thrivent Real Estate Securities Portfolio
.80%
Thrivent Balanced Portfolio
$0-$250 million .35%
More than $250 million .30%
Thrivent Partner High Yield Bond Portfolio
.40%
Thrivent Bond Index Portfolio
$0-$250 million .35%
More than $250 million .30%
Thrivent Mortgage Securities Portfolio
.50%