Exhibit 23(h)(1)(d)
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT, effective April 30, 2003, is
between Lincoln National Aggressive Growth Fund, Inc., Lincoln National Bond
Fund, Inc., Lincoln National Capital Appreciation Fund, Inc., Lincoln National
Equity-Income Fund, Inc., Lincoln National Global Asset Allocation Fund, Inc.,
Lincoln National Growth and Income Fund, Inc., Lincoln National International
Fund, Inc., Lincoln National Managed Fund, Inc., Lincoln National Money Market
Fund, Inc., Lincoln National Social Awareness Fund, Inc., and Lincoln National
Special Opportunities Fund, Inc. (collectively, the "Corporations") and the
Lincoln Variable Insurance Products Trust (the "Trust") on behalf of its series
(the "Funds").
WHEREAS, Corporations entered into a Services Agreement with Delaware
Management Holdings, Inc. and Delaware Service Company, Inc. (collectively,
"Delaware") on August 15, 1996 whereby Delaware agreed to provide certain
accounting services for the Corporations;
WHEREAS, the Services Agreement was amended effective March 1, 1999 and
January 1, 2001 (the Services Agreement as amended shall be referred to as the
"Services Agreement");
WHEREAS, each Corporation will be transferring all of its assets into a
corresponding Fund (each acquiring Fund and its corresponding acquired
Corporation is listed in Schedule I);
WHEREAS, each Corporation desires to transfer to the Trust on behalf of a
corresponding Fund all of its rights, duties and obligations under the Services
Agreement; and
WHEREAS, the Trust on behalf of its Funds desires to assume all of the
rights, duties and obligations of each Corporation under the Services Agreement.
NOW, THEREFORE, in consideration of the mutual promises hereinafter
contained and the receipt of the trust assets by the Trust from each of
Corporation, each Corporation and the Trust agree as follows:
1. Each Corporation hereby assigns all of its rights, duties, and
obligations under the Services Agreement to the Trust on behalf of the
corresponding Fund; and
2. The Trust on behalf of its Funds agrees to assume all of the rights,
duties and obligations of each Corporation under the Services Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Assignment and
Assumption Agreement as of the date set forth above.
LINCOLN NATIONAL AGGRESSIVE GROWTH FUND, INC. LINCOLN VARIABLE INSURANCE PRODUCTS TRUST, ON
BEHALF OF ITS SERIES
LINCOLN NATIONAL BOND FUND, INC.
LINCOLN NATIONAL CAPITAL APPRECIATION FUND, INC. By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
LINCOLN NATIONAL EQUITY-INCOME FUND, INC. Title: President
LINCOLN NATIONAL GLOBAL ASSET ALLOCATION FUND, INC.
LINCOLN NATIONAL GROWTH AND INCOME FUND, INC.
LINCOLN NATIONAL INTERNATIONAL FUND, INC.
LINCOLN NATIONAL MANAGED FUND, INC.
LINCOLN NATIONAL MONEY MARKET FUND, INC.
LINCOLN NATIONAL SOCIAL AWARENESS FUND, INC.
LINCOLN NATIONAL SPECIAL OPPORTUNITIES FUND, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: 2nd Vice President
ACKNOWLEDGED AND AGREED TO:
DELAWARE MANAGEMENT HOLDINGS, INC. DELAWARE SERVICE COMPANY, INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Executive Vice President/Chief Operating Title: Chairman/President/Chief Executive
Officer/Chief Financial Officer Officer
Date: April 16, 2003 Date: April 16, 2003
2
SCHEDULE I
The following chart shows each acquiring Fund and its corresponding
acquired Corporation.
EACH ACQUIRING FUND,
A SERIES OF THE TRUST EACH CORRESPONDING ACQUIRED CORPORATION
(A DELAWARE STATUTORY TRUST) (A MARYLAND CORPORATION)
Aggressive Growth Fund Lincoln National Aggressive Growth Fund, Inc.
Bond Fund Lincoln National Bond Fund, Inc.
Capital Appreciation Fund Lincoln National Capital Appreciation Fund, Inc.
Equity-Income Fund Lincoln National Equity-Income Fund, Inc.
Global Asset Allocation Fund Lincoln National Global Asset Allocation Fund, Inc.
Growth and Income Fund Lincoln National Growth and Income Fund, Inc.
International Fund Lincoln National International Fund, Inc.
Managed Fund Lincoln National Managed Fund, Inc.
Money Market Fund Lincoln National Money Market Fund, Inc.
Social Awareness Fund Lincoln National Social Awareness Fund, Inc.
Special Opportunities Fund Lincoln National Special Opportunities Fund, Inc.
3