EX-99.23(g)(33)

Amendment to

Master Global Custody Agreement between the Customer and JPMorgan Chase Bank, N.A.

This Amendment dated the 28th day of September, 2009, to the Master Global Custody Agreement between the Customer and JPMorgan Chase Bank, N.A. effective as of August 12, 2009 (“Agreement”) by and between JNL Series Trust and JNL Investors Series Trust (each individually “Trust”, collectively, the “Trusts”), JNL Variable Fund LLC (the “Fund”) and JPMorgan Chase Bank, N.A. (“Custodian”).

Whereas, the Trusts, Fund and the Custodian have entered into the Agreement.

Whereas, the parties wish to amend the Agreement in order to reflect a change in sub-adviser and name change for the following JNL Series Trust fund: JNL/Goldman Sachs Short Duration Bond Fund to JNL/T. Rowe Price Short-Term Bond Fund.

Whereas, the parties wish to amend the Agreement in order to reflect a name change for the following JNL Series Trust fund: JNL/Credit Suisse Global Natural Resources Fund to JNL/Credit Suisse Commodity Securities Fund.

Whereas, the parties wish to amend the Agreement in order to reflect the merger of the following five new JNL Series Trust funds: 1) JNL/PPM America Core Equity Fund; 2) JNL/S&P Retirement Income Fund; 3) JNL/S&P Retirement 2015 Fund; 4) JNL/S&P Retirement 2020 Fund; and 5) JNL/S&P Retirement 2025 Fund.

Whereas, the parties wish to amend the Agreement in order to reflect the addition of the following two new JNL Series Trust funds: 1) JNL/Ivy Asset Strategy Fund; and 2) JNL/Mellon Capital Management Global Alpha Fund.

Whereas, the parties wish to amend the Agreement in order to reflect a name change for the following JNL Investors Series Trust fund: Jackson Perspective Total Return Fund to JNL/PPM America Total Return Fund.

Now, Therefore, the parties hereto agree to amend the Agreement as follows:

1.   To delete Schedule A of the Agreement and substitute it with Schedule A attached hereto.

2.   Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.

3.   The Trusts, Fund and the Custodian hereby each represent and warrant to the other that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment on its behalf has the requisite authority to bind the Trusts, Fund or Custodian to this Amendment.

In Witness Whereof, the parties hereto have executed this Amendment as of the date set forth above.

JNL Series Trust JNL Investors Series Trust JNL Variable Fund LLC	JPMorgan Chase Bank, N.A.
By: /s/ Mark D. Nerud	By: /s/ Paul Larkin
Name:           Mark D. Nerud	Name:  Paul Larkin
Title:           President	Title:    Executive Director

Schedule A

List of Funds

(as of September 28, 2009)

JNL Series Trust Funds

JNL Institutional Alt 65 Fund

JNL Institutional Alt 50 Fund

JNL Institutional Alt 35 Fund

JNL Institutional Alt 20 Fund

JNL/AIM International Growth Fund

JNL/AIM Large Cap Growth Fund

JNL/AIM Global Real Estate Fund

JNL/AIM Small Cap Growth Fund

JNL/Capital Guardian International Small Cap Fund

JNL/Capital Guardian U.S. Growth Equity Fund

JNL/Capital Guardian Global Diversified Research Fund

JNL/Capital Guardian Global Balanced Fund

JNL/Credit Suisse Commodity Securities Fund

JNL/Credit Suisse Long/Short Fund

JNL/Eagle Core Equity Fund

JNL/Eagle SmallCap Equity Fund

JNL/Franklin Templeton Founding Strategy Fund

JNL/Franklin Templeton Global Growth Fund

JNL/Franklin Templeton Income Fund

JNL/Franklin Templeton Mutual Shares Fund

JNL/Franklin Templeton Small Cap Value Fund

JNL/Goldman Sachs Core Plus Bond Fund

JNL/Goldman Sachs Emerging Markets Debt Fund

JNL/Goldman Sachs Mid Cap Value Fund

JNL/Ivy Asset Strategy Fund

JNL/JPMorgan International Value Fund

JNL/JPMorgan MidCap Growth Fund

JNL/JPMorgan U.S. Government & Quality Bond Fund

JNL/Lazard Emerging Markets Fund

JNL/Lazard Mid Cap Equity Fund

JNL/M&G Global Basics Fund

JNL/M&G Global Leaders Fund

JNL/Mellon Capital Management Bond Index Fund

JNL/Mellon Capital Management European 30 Fund

JNL/Mellon Capital Management Global Alpha Fund

JNL/Mellon Capital Management International Index Fund

JNL/Mellon Capital Management Pacific Rim 30 Fund

JNL/Mellon Capital Management Small Cap Index Fund

JNL/Mellon Capital Management S&P 500 Index Fund

JNL/Mellon Capital Management S&P 400 MidCap Index Fund

JNL/Mellon Capital Management Index 5 Fund

JNL/Mellon Capital Management 10 x 10 Fund

JNL/Oppenheimer Global Growth Fund

JNL/PAM Asia ex-Japan Fund

JNL/PAM China-India Fund

JNL/PIMCO Real Return Fund

JNL/PIMCO Total Return Bond Fund

JNL/PPM America Core Equity Fund

JNL/PPM America High Yield Bond Fund

JNL/PPM America Mid Cap Value Fund

JNL/PPM America Small Cap Value Fund

JNL/PPM America Value Equity Fund

JNL/Red Rocks Listed Private Equity Fund

JNL/Select Balanced Fund

JNL/Select Money Market Fund

JNL/Select Value Fund

JNL/T. Rowe Price Established Growth Fund

JNL/T. Rowe Price Mid-Cap Growth Fund

JNL/T. Rowe Price Short-Term Bond Fund

JNL/T. Rowe Price Value Fund

JNL/S&P Competitive Advantage Fund

JNL/S&P Dividend Income & Growth Fund

JNL/S&P Intrinsic Value Fund

JNL/S&P Total Yield Fund

JNL/S&P 4 Fund

JNL/S&P Managed Conservative Fund

JNL/S&P Managed Moderate Fund

JNL/S&P Managed Moderate Growth Fund

JNL/S&P Managed Growth Fund

JNL/S&P Managed Aggressive Growth Fund

JNL/S&P Disciplined Moderate Fund

JNL/S&P Disciplined Moderate Growth Fund

JNL/S&P Disciplined Growth Fund

JNL Investors Series Trust Funds

JNL/PPM America Total Return Fund

JNL Money Market Fund

JNL Variable Fund LLC Funds

JNL/Mellon Capital Management DowSM 10 Fund

JNL/Mellon Capital Management S&P® 10 Fund

JNL/Mellon Capital Management Global 15 Fund

JNL/Mellon Capital Management 25 Fund

JNL/Mellon Capital Management Select Small-Cap Fund

JNL/Mellon Capital Management Nasdaq® 25 Fund

JNL/Mellon Capital Management Value Line® 30 Fund

JNL/Mellon Capital Management DowSM Dividend Fund

JNL/Mellon Capital Management S&P® 24 Fund

JNL/Mellon Capital Management VIP Fund

JNL/Mellon Capital Management JNL 5 Fund

JNL/Mellon Capital Management JNL Optimized 5 Fund

JNL/Mellon Capital Management S&P® SMid 60 Fund

JNL/Mellon Capital Management NYSE® International 25 Fund

JNL/Mellon Capital Management Communications Sector Fund

JNL/Mellon Capital Management Consumer Brands Sector Fund

JNL/Mellon Capital Management Oil & Gas Sector Fund

JNL/Mellon Capital Management Financial Sector Fund

JNL/Mellon Capital Management Healthcare Sector Fund

JNL/Mellon Capital Management Technology Sector Fund