AMENDMENT TO PORTFOLIO MANAGEMENT
AGREEMENT DATED MARCH 8, 2004
(THE "AGREEMENT") BY AND BETWEEN USALLIANZ ADVISERS LLC (THE "MANAGER"),
USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST (THE "TRUST") AND ▇▇▇▇▇
SELECTED ADVISERS, L.P. (THE "PORTFOLIO MANAGER")
Effective March 8, 2004
In connection with securities transactions for a series of the Trust (a "Fund"),
the Portfolio Manager that is (or whose affiliated person is) entering into the
transaction, and any other portfolio manager that is advising an affiliate of
the Fund (collectively, the "Portfolio Managers", for the purpose of this
Amendment) entering into the transaction are prohibited from consulting with
each other concerning transactions for the Fund in securities or other assets.
This prohibition does not apply to communications in connection with the
Manager's: (i) responsibility for evaluating and monitoring the Portfolio
Manager(s); (ii) determination of the allocation of assets among the Portfolio
Manager(s); and (iii) investment discretion with respect to the investment of
Fund assets not otherwise assigned to a portfolio manager.
USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Printed Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: President
USALLIANZ ADVISERS LLC
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Printed Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Senior Vice President
▇▇▇▇▇ SELECTED ADVISERS, L.P.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇
Printed Name: ▇▇▇▇▇▇▇ ▇▇▇▇
Title: COO