EXHIBIT I
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J.P. Morgan Investment Management Inc.
Funds with objectives similar to
Allmerica Investment Trust
Select Growth and Income Fund (the "Fund")
J.P. Morgan Investment Management Inc. ("J.P. Morgan") acts as investment
adviser to one registered investment company having similar investment
objectives and policies to those of the Fund: The Disciplined Equity Portfolio
("DEP"). J.P. Morgan also acts as investment sub-adviser to a registered
investment company, Endeavor-Enhanced Index Portfolio ("EEIP"), which has
similar investment objectives and policies to those of the Fund. In its role as
Sub-Adviser, J.P. Morgan does not act as investment adviser or administrator.
* * * * * * * * * *
For its services to DEP and EEIP, J.P. Morgan is paid a management fee at an
annual rate of .35% of the average daily net assets of the respective
portfolios.
* * * * * * * * * *
The table below lists for DEP and EEIP their investment objectives and
policies, the annual rate of compensation paid to J.P. Morgan and their net
assets as of December 31, 1998.
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Investment Company Investment Annual Rate of Net Assets as of
Name Objective Compensation 12/31/98
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J.P. Morgan Investment Approximately $316
Management Inc. billion
under management
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The Disciplined To provide a consistently high total .35% $1,025,579,908
Equity Portfolio return from a broadly diversified
portfolio of equity securities with risk
characteristics similar to the S&P 500
Index.
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Subadvised Mutual
Funds
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Endeavor-Enhanced Index To earn a total return modestly in excess .35% $ 82,481,918
Portfolio of the total return performance of the
S&P 500 Index (including the reinvestment
of dividends) while maintaining a
volatility of return similar to the S&P
500 Index.
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