John Hancock Variable Series Trust I
Michele G. Van Leer
Chairman and Trustee
[GRAPHIC OMITTED]
June 21, 2001
Goldman Sachs Asset Management
Goldman, Sachs & Co.
32 Old Slip
29th Floor
New York, NY 10005
Attn: Cecilia Garcia
Legal Products Analyst
Re: Sub-Investment Management Agreement
dated as of August 17, 1999
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Dear Ms. Garcia:
This letter will memorialize our mutual agreement to amend Schedule I
to the above-referenced Sub-Investment Management Agreement relating to the
Large Cap Value CORE Portfolio, to adjust the current fee schedule, effective as
of July 1, 2001. Attached is a revised copy of Schedule I which maintains a 40
basis point charge for the first $50 million of Net Assets, maintains a 30 basis
point charge for the next $150 million, introduces a 25 basis point charge for
the next $800 million and introduces a 20 basis point charge for amounts over $1
billion. Please substitute copies of the attached Schedule I for the old copies
of Schedule I in your files.
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:
Goldman Sachs Asset Management
By: /s/ DAVID B. FORD
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Name: David B. Ford
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Title: Managing Director
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SCHEDULE I
(As of July 1, 2001)
FEES
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Large Cap Value CORE
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Current Net Assets Under Management Sub-Investment Management Fee
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On the first $50,000,000 Forty (40) basis points (0.40%)
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On the next $150,000,000 Thirty (30) basis points (0.30%)
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On the next $800,000,000 Twenty Five (25) basis points (0.25%)
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On amounts over $1,000,000,000 Twenty (20) basis points (0.20%)
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