EX-99.H OTH MAT CONT 6 amendment1-010109.txt AMENDMENT NO. 1 TO AMENDED AND RESTATED ADMINISTRATION AGREEMENT AMENDMENT NO. 1 to Amended and Restated Administration Agreement This AMENDMENT NO. 1 (this "Amendment") to the Amended and Restated Administration Agreement, dated as of July 1, 2008 (the "Agreement"), is made as of this 1st day of January, 2009 by and between each Trust listed on Appendix A hereto (each, a "Trust"), each a Delaware statutory trust, and Pioneer Investment Management, Inc., a Delaware corporation (the "Administrator"). WHEREAS, pursuant to the Agreement, each Trust has engaged the Administrator to provide certain administrative services to the Trust with respect to the series of the Trust designated on Appendix A hereto (each, a "Fund"); and WHEREAS, the Agreement provides that the fees payable to the Administrator thereunder will be reviewed from time to time; and WHEREAS, each Trust and the Administrator acknowledge that the costs to the Administrator for providing the services under the Agreement during the past year exceeded the compensation provided in the Agreement; and WHEREAS, each Trust and the Administrator desire to amend the Agreement to increase the amounts payable by the Funds for services provided by the Administrator under the Agreement during the period from January 1, 2008 through December 31, 2008 and to provide for the reimbursement from and after January 1, 2009 of the Administrator's costs for services provided under the Agreement; NOW THEREFORE, in consideration of the promises and mutual covenants herein contained, it is agreed as follows: 1. Each Trust and the Administrator hereby agree that the compensation payable by each Fund to the Administrator for its services performed under the Agreement during the period from January 1, 2008 through December 31, 2008 shall be computed daily at an annual rate equal to 0.0275% of the Fund's average daily net assets (or the Fund's average daily managed assets if so set forth on Appendix A hereto), provided that such rate shall be 0.0225% in the case of those Funds indicated on Appendix A as being provided certain accounting services by a third party. The difference between compensation actually paid by each Fund to the Administrator during 2008 under the Agreement and the compensation payable by the Fund in accordance with this Section 1 shall be paid by the Fund to the Administrator promptly following execution of this Amendment. 2. Each Trust and the Administrator hereby agree that, effective January 1, 2009, Section 7(a) of the Agreement is deleted in its entirety and replaced with the following: 7. (a)(i) As compensation for the services performed by the Administrator under this Agreement, each Fund shall reimburse the Administrator its pro rata share, based on the Fund's average daily net assets (or the Fund's average daily managed assets if so set forth on Appendix A hereto), of the Administrator's costs of providing the services hereunder, provided that the costs attributed to those Funds indicated on Appendix A as being provided certain accounting services by a third party shall be reduced accordingly. In determining the Administrator's costs of providing services hereunder, personnel-related costs associated with the Administrator's legal, compliance and fund accounting, administration and controllership ("FAACS") services shall be allocated in accordance with prescribed allocation percentages reviewed by the Board from time to time. On a quarterly basis, the Administrator will provide the Board with information comparing the Administrator's actual costs of providing services hereunder and the budgeted amount of such costs to the Funds. (ii) The Administrator and each Fund agree that the Administrator and the Board will review at least annually a budget as to the costs relating to the provision of services by the Administrator hereunder, which budget shall include the allocation percentages applicable to personnel-related costs associated with the Administrator's legal, compliance and FAACS services. Such budgeted costs and/or such allocation percentages also will be reviewed at other times should the budgeted costs or the circumstances affecting the allocation percentages, as the case may be, change materially. In connection with each review, the Administrator will provide the Board with such information as the Board may reasonably request. (iii) Each Fund shall pay amounts due from it hereunder as promptly as possible after the last day of each month. If this Agreement is terminated with respect to any Fund as of any date not the last day of the month, such Fund shall pay amounts due from it hereunder as promptly as possible after such date of termination. 3. Each Trust and the Administrator hereby agree Appendix A to the Agreement is deleted in its entirety and replaced with Appendix A attached to this Amendment. 4. The Agreement, as amended by this Agreement, remains in full force and effect. This Amendment is limited to the express subject matter hereof and does not otherwise amend or affect the obligations of the parties under the Agreement. Capitalized terms which are used herein without definition shall have the same meanings herein as in the Agreement. 5. This Amendment shall be construed and the provisions hereof interpreted under and in accordance with the laws of The Commonwealth of Massachusetts. 6. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. [signature pages to follow] IN WITNESS WHEREOF, the parties thereto have caused this Amendment to be executed by their officers thereunto duly authorized. THE PIONEER TRUSTS LISTED ON APPENDIX A By: /s/ Daniel K. Kingsbury ------------------------------ Name: Daniel K. Kingsbury Title: Executive Vice President PIONEER INVESTMENT MANAGEMENT, INC. By: /s/ Mark D. Goodwin -------------------------- Name: Mark D. Goodwin Title: Executive Vice President and Chief Operating Officer 4 Appendix A (Updated as of May 15, 2009) ---------------------------------- -------------------------------- ------------------------------------------------- Trust Fund Effective Date/Initial Term Date ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer Bond Fund Pioneer Bond Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer Emerging Markets Fund Pioneer Emerging Markets Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer Equity Income Fund Pioneer Equity Income Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer Equity Opportunity Fund Pioneer Equity Opportunity Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer Fund Pioneer Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer Fundamental Growth Fund Pioneer Fundamental Growth Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ---------------------------------- -------------------------------- ------------------------------------------------- Pioneer High Yield Fund Pioneer High Yield Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ---------------------------------- -------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Ibbotson Asset Allocation Series ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Aggressive Effective Date: July 1, 2008 Allocation Fund* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Conservative Effective Date: July 1, 2008 Allocation Fund* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Growth Effective Date: July 1, 2008 Allocation Fund* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Moderate Effective Date: July 1, 2008 Allocation Fund* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Independence Fund Pioneer Independence Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer International Equity Pioneer International Equity Fund Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Mid Cap Growth Fund Pioneer Mid Cap Growth Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Mid Cap Value Fund Pioneer Mid Cap Value Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Money Market Trust Pioneer Cash Reserves Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- *Certain accounting services provided by a third party. ------------------------------- ------------------------------------------------------------------------------------- Pioneer Protected Principal Trust ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Protected Principal Plus Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Protected Principal Plus Effective Date: July 1, 2008 Fund II Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Real Estate Shares Pioneer Real Estate Shares Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Research Fund Pioneer Research Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Select Growth Fund Pioneer Select Growth Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Series Trust I ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Oak Ridge Large Cap Effective Date: July 1, 2008 Growth Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Oak Ridge Small Cap Effective Date: July 1, 2008 Growth Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Growth Fund Effective Date: May 15, 2009 Initial Term: May 15, 2009-December 31, 2010 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Intermediate Tax Free Income Fund Effective Date: May 15, 2009 Initial Term: May 15, 2009-December 31, 2010 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Select Mid Cap Growth Fund Effective Date: May 15, 2009 Initial Term: May 15, 2009-December 31, 2010 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Series Trust II ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer AmPac Growth Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer AMT-Free CA Municipal Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer AMT-Free Municipal Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Growth Leaders Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Growth Opportunities Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Small and Mid Cap Growth Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Tax Free Money Market Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Series Trust III Pioneer Cullen Value Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Series Trust IV ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Classic Balanced Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Government Income Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Institutional Money Effective Date: July 1, 2008 Market Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Treasury Reserves Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Series Trust V ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Global Select Equity Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer High Income Municipal Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Oak Ridge All Cap Growth Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Select Research Growth Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Select Research Value Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Series Trust VI Pioneer Floating Rate Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Series Trust VII ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Global High Yield Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Global Diversified Equity Effective Date: July 1, 2008 Fund Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Global Aggregate Bond Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Series Trust VIII Pioneer International Value Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Series Trust IX Pioneer Europe Select Equity Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Short Term Income Fund Pioneer Short Term Income Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Small Cap Value Fund Pioneer Small Cap Value Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Strategic Income Fund Pioneer Strategic Income Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Tax Free Income Fund Pioneer Tax Free Income Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Value Fund Pioneer Value Fund Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ------------------------------------------------------------------------------------- Pioneer Variable Contracts Trust ------------------------------- ------------------------------------------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Bond VCT Portfolio Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Cullen Value VCT Portfolio Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Emerging Markets VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Equity Income VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Fund VCT Portfolio Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Global High Yield VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Growth Opportunities VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Independence VCT Portfolio Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer High Yield VCT Portfolio Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Aggressive Effective Date: July 1, 2008 Allocation VCT Portfolio* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Growth Effective Date: July 1, 2008 Allocation VCT Portfolio* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Ibbotson Moderate Effective Date: July 1, 2008 Allocation VCT Portfolio* Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer International Value VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Mid Cap Value VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Money Market VCT Portfolio Effective Date: July 1, 2008 Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Oak Ridge Large Cap Effective Date: July 1, 2008 Growth VCT Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Real Estate Shares VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Small Cap Value VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- ------------------------------- ----------------------------------- ------------------------------------------------- Pioneer Strategic Income VCT Effective Date: July 1, 2008 Portfolio Initial Term: July 1, 2008-December 31, 2009 ------------------------------- ----------------------------------- ------------------------------------------------- *Certain accounting services provided by a third party.