0000891804-05-001124 Sample Contracts

AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT DATED NOVEMBER 1, 2001 (ADOPTED MARCH 9, 2005)
Investment Advisory Agreement • April 13th, 2005 • Wanger Advisors Trust

As of February 10, 2005, the Investment Advisory Agreement dated November 1, 2001 between Columbia Wanger Asset Management, L.P. and Wanger Advisors Trust (the "Trust") is hereby amended to reduce the rates at which fees are payable thereunder with respect to each series of the Trust to the rates indicated on Schedule A hereto.