Amendment No. 3 to the Investment Management Agreement
between John Hancock Variable Series Trust I and
John Hancock Life Insurance Company
Reference is made to that certain Investment Management Agreement dated
as of April 12, 1988, by and between John Hancock Variable Series Trust I and
John Hancock Life Insurance Company (formerly "John Hancock Mutual Life
Insurance Company"), as amended, (the "Agreement").
(a) Subsections (a) and (b) of Section 5 of the Agreement, entitled
"Investment Advisory Fee and Expense Limitation," are hereby deleted and the
following inserted in its place:
(a)(1) For the Growth & Income Fund (formerly "Stock Portfolio"):
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(i) 0.71% on an annual basis of the first $150,000,000
of the Current Net Assets (as defined in this
Section 5) of such Portfolio;
(ii) 0.69% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess of
$150,000,000 and not over $300,000,000; and
(iii) 0.67% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess of
$300,000,000.
(a)(2) For the Active Bond Fund (formerly "Bond Portfolio"):
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(i) 0.70% on an annual basis of the first $100,000,000
of the Current Net Assets of such Portfolio;
(ii) 0.65% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess of
$100,000,000 and not over $250,000,000;
(iii) 0.61% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess of
$250,000,000 and not over $500,000,000;
(iv) 0.58% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess of
$500,000,000 and not over $1,000,000,000; and
(v) 0.55% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess of
$1,000,000,000.
(a)(3) For the Money Market Fund (formerly "Money Market
Portfolio"):
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0.25% on an annual basis of the Current Net Assets
of such Portfolio
-2-
(b)(1) For the Large Cap Growth Fund (formerly "Aggressive Stock
Portfolio")
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(i) 0.40% on an annual basis of the first $500,000,000
of the Current Net Assets of such Portfolio;
(ii) 0.35% on an annual basis for that portion of the
Current Net Assets in excess of $500,00,000 and not
over $1,000,000,000 of such Portfolio; and
(iii) 0.30% on an annual basis for that portion of the
Current Net Assets in excess of $1,000,000,000 of
such Portfolio
(b)(2) For the Managed Fund (formerly "Total Return Portfolio")
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(i) 0.74% on an annual basis of the first $500,000,000
of the Current Net Assets of such Portfolio;
(ii) 0.68% on an annual basis for that portion of the
Current Net Assets in excess of $500,000,000 and not
over $1,000,000,0000 of such Portfolio; and
(iii) 0.65% on an annual basis for that portion of the
Current Net Assets in excess of $1,000,000,000 of
such Portfolio.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and to take effect November 1, 2000.
John Hancock Variable Series Trust I
/s/ Michele G. Van Leer
By: Michele G. Van Leer
Title: Chairman
Attest: /s/ Ronald J. Bocage
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John Hancock Life Insurance Company
/s/ Robert R. Reitano
By: Robert R. Reitano
Title: Senior Vice President
and Chief Investment Strategist
Attest: /s/ Ronald J. Bocage
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