AMENDMENT #1 TO THE EXPENSE LIMITATION AGREEMENT EFFECTIVE MAY 1, 2004 BETWEEN
USALLIANZ ADVISERS, LLC (THE "INVESTMENT ADVISER") AND USALLIANZ VARIABLE
INSURANCE PRODUCTS TRUST (THE "TRUST"), A DELAWARE BUSINESS TRUST, ON BEHALF OF
EACH OF THE FUNDS, LISTED ON EXHIBIT A BELOW (EACH, A "FUND").
EXHIBIT A
to the Expense Limitation Agreement Between
USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
and
USALLIANZ ADVISERS, LLC
May 1, 2005
NAME OF FUND EXPENSE LIMITATION
USAZ AIM Basic Value Fund 1.20%
USAZ AIM International Equity Fund 1.45%
USAZ ▇▇▇▇▇ NY Venture Fund 1.20%
USAZ Dreyfus Founders Equity Growth Fund 1.20%
USAZ Dreyfus Premier Small Cap Value Fund 1.35%
USAZ Franklin Small Cap Value Fund (formerly NFJ Small Cap Value) 1.35%
USAZ ▇▇▇▇▇▇▇▇ 20/20 Focus Fund 1.20%
USAZ ▇▇▇▇▇▇▇▇ Growth Fund 1.20%
USAZ ▇▇▇▇ ▇▇▇▇▇ Growth Fund (formerly AIM Dent Demographic Trends) 1.30%
USAZ ▇▇▇▇ ▇▇▇▇▇ Value Fund (formerly PIMCO G&I) 1.20%
USAZ ▇▇▇▇▇▇▇▇▇▇▇ Emerging Growth Fund 1.35%
USAZ ▇▇▇▇▇▇▇▇▇▇▇ Emerging Technologies Fund 1.35%
USAZ ▇▇▇▇▇▇▇▇▇▇▇ Global Fund 1.45%
USAZ ▇▇▇▇▇▇▇▇▇▇▇ International Growth Fund 1.45%
USAZ ▇▇▇▇▇▇▇▇▇▇▇ Main Street Fund 1.20%
USAZ PEA Renaissance Fund 1.30%
USAZ PEA Value Fund 1.20%
USAZ Salomon Brothers Large Cap Growth Fund (formerly AIM Blue Chip) 1.20%
USAZ Salomon Brothers Small Cap Growth Fund 1.35%
USAZ Money Market Fund 0.87%
USAZ ▇▇▇ ▇▇▇▇▇▇ Aggressive Growth Fund 1.30%
USAZ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Fund 1.20%
USAZ ▇▇▇ ▇▇▇▇▇▇ Emerging Growth Fund 1.20%
USAZ ▇▇▇ ▇▇▇▇▇▇ Equity and Income Fund 1.20%
USAZ ▇▇▇ ▇▇▇▇▇▇ Global Franchise Fund 1.45%
USAZ ▇▇▇ ▇▇▇▇▇▇ Growth and Income Fund 1.20%
USAZ ▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth Fund 1.30%
USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
____________________________________
▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President
USALLIANZ ADVISERS, LLC
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
____________________________________
▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President
