EXHIBIT (D)(6)(I)
FORM OF
AMENDMENT TO THE SUB-ADVISORY AGREEMENT
BETWEEN
INSTITUTIONAL CAPITAL LLC
AND
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
This Amendment (the "Amendment") is dated as of May 1, 2008 by and between
Institutional Capital LLC (the "Sub-Adviser") and New York Life Investment
Management LLC (the "Manager").
W I T N E S S E T H:
WHEREAS, the Manager and the Sub-Adviser are parties to that certain
Sub-Advisory Agreement (the "Agreement"), dated September 28th, 2006, entered
into on behalf of the ICAP Select Equity Portfolio (the "Portfolio"); and
WHEREAS, the Manager and the Sub-Adviser wish to amend the fee schedule
provided for under the Agreement;
NOW, THEREFORE, the fee schedule for the above-referenced Agreement is
replaced with the attached Schedule A.
Except as provided herein, the terms and conditions contained in the
Supplements shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their duly authorized officers effective as of the date first above written.
INSTITUTIONAL CAPITAL LLC NEW YORK LIFE INVESTMENT
MANAGEMENT LLC
By: ___________________________ By: ___________________________
Name: ___________________________ Name: ___________________________
Title: ___________________________ Title: ___________________________
EXHIBIT (D)(6)(I)
SCHEDULE A
NAME OF PORTFOLIO SUB-ADVISORY FEE
----------------- ----------------
ICAP Select Equity Portfolio 0.400%(1)
_______________
(1) 0.40% on assets up to $250 million; 0.375% on assets from $250 million to
$1 billion; and 0.37% on assets over $1 billion