John Hancock Variable Series Trust I
Michele G. Van Leer
Chairman and Trustee
[GRAPHIC OMITTED]
June 21, 2001
T. Rowe Price International, Inc.
100 East Pratt Street
Baltimore, MD 21202
Attn: Cheryl Emory
Assistant Vice President
Re: Sub-Investment Management Agreement
dated as of November 1, 2000
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Dear Ms. Emory:
This letter will memorialize our mutual agreement to amend Schedule I
to the above-referenced Sub-Investment Management Agreement, relating to the
International Opportunities Portfolio, to adjust the current fee schedule
effective as of July 1, 2001. Attached is a revised copy of Schedule I which
caps the 50 basis point charge when amounts under management are $500 million
and introduces a 45 basis point charge for all amounts under management when Net
Assets are $500 million or more.
Kindly acknowledge receipt of this letter and the attachment, and
indicate your agreement to the amendment of Schedule I, by signing and returning
the duplicate of this letter. Thank you.
JOHN HANCOCK JOHN HANCOCK VARIABLE
LIFE INSURANCE COMPANY SERIES TRUST I
By: /s/ ROBERT R. REITANO By:/s/ MICHELE G. VAN LEER
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Robert R. Reitano Michele G. Van Leer
Senior Vice President Chairman and Trustee
Chief Investment Strategist
Received and agreed to:
T. Rowe Price International, Inc.
By: /s/ DARRELL N. BRAMAN
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Name: Darrell N. Braman
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Title: Vice President
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SCHEDULE I
(As of July 1, 2001)
FEES
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International Opportunities
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Current Net Assets Under Management Sub-Investment Management Fee
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On the first $20,000,000 Seventy Five (75) basis points (0.75%)
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On the next $30,000 000 Sixty (60) basis points (0.60%)
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On the next $150,000,000 Fifty (50) basis points (0.50%)
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When Amounts under Management are 50 basis points (0.50%) per annum on
more than $200 million but less than all Net Assets
$500 million:
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When amounts under Management are $500 45 basis points (0.45%) per annum on
million or more: all Net Assets
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