AMENDMENT TWO
TO SUBADVISORY AGREEMENT
Schedule A of the Subadvisory Agreement between RiverSource Investments, LLC
("RiverSource Investments") (formerly American Express Financial Corporation)
and American Century Investment Management, Inc. ("Subadviser"), dated April 7,
2003, is amended as of November 11, 2005 to read as follows:
Compensation pursuant to Paragraph 4 of the Subadvisory Agreement shall
be calculated in accordance with the following schedule, with respect
to assets that are subject to the Subadviser's investment discretion in
the following funds:
For the combined assets of:
o RiverSource Aggressive Growth Fund (formerly AXP Partners
Aggressive Growth Fund), a series of AXP Partners Series, Inc.
(agreement between the Fund and RiverSource Investments dated
January 9, 2003), and
o RiverSource Strategy Aggressive Fund, a series of AXP Strategy
Series, Inc. (agreement between the Fund and RiverSource
Investments dated December 1, 2002)
Average Daily Net Assets* Rate
-------------------------------------------------
First $100 million 50 bp
Next $150 million 45 bp
Next $250 million 40 bp
Thereafter 38 bp
For the combined assets of:
o RiverSource Small Cap Equity Fund (formerly AXP Partners Small
Cap Core Fund), a series of AXP Partners Series, Inc.
(agreement between the Fund and RiverSource Investments dated
December 2, 2002), and
o RiverSource Discovery Fund (formerly AXP Discovery Fund), a
series of AXP Discovery Series, Inc. (agreement between the
Fund and RiverSource Investments dated December 1, 2002)
Average Daily Net Assets* Rate
--------------------------------------------------
First $25 million 65 bp
Next $125 million 60 bp
Next $50 million 57.5 bp
Thereafter 55 bp
--------------------------------
*These rates are not retroactive. When average daily net assets exceed
the first breakpoint, multiple rates will apply, resulting in a blended
rate, e.g. if average daily net assets RiverSource Aggressive Growth
Fund are $125 million, a rate of 50 bp would apply to $100 million and
a rate of 45 bp would apply to $25 million.
In witness whereof, the parties have caused this Amendment to be executed by
their officers designated below.
RIVERSOURCE INVESTMENTS, LLC AMERICAN CENTURY
INVESTMENT MANAGEMENT, INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
----------------------- ------------------------------
Signature Signature
▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Senior Vice President -----------------------------
Printed
Title: Sr. Vice President
-----------------------------
Printed
