EX-99.77Q1 OTHR EXHB 8 ex77q1e.txt JNL SERIES TRUST AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT BETWEEN JACKSON NATIONAL ASSET MANAGEMENT, LLC AND INVESCO ADVISERS, INC. This AMENDMENT is made by and between JACKSON NATIONAL ASSET MANAGEMENT, LLC, a Michigan limited liability company and registered investment adviser ("Adviser"), and INVESCO ADVISERS, INC., a Delaware corporation and registered investment adviser ("Sub-Adviser"). WHEREAS, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of January 1, 2010 ("Agreement"), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust. WHEREAS, the Adviser and Sub-Adviser have agreed to the following fund name changes ("Changes"): 1) JNL/AIM Global Real Estate Fund to JNL/Invesco Global Real Estate Fund; 2) JNL/AIM International Growth Fund to JNL/Invesco International Growth Fund; 3) JNL/AIM Large Cap Growth Fund to JNL/Invesco Large Cap Growth Fund; and 4) JNL/AIM Small Cap Growth Fund to JNL/Invesco Small Cap Growth Fund. WHEREAS, the Adviser and Sub-Adviser have also agreed to amend Schedule A and Schedule B of the Agreement for these Changes. NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows: 1. Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated October 11, 2010, attached hereto. 2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 11, 2010, attached hereto. IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 11th day of October, 2010. JACKSON NATIONAL ASSET MANAGEMENT, LLC INVESCO ADVISERS, INC. By: /s/ Mark D. Nerud By: /s/ P. Michelle Grace Name: Mark D. Nerud Name: P. Michelle Grace Title: President and CEO Title: Vice President SCHEDULE A OCTOBER 11, 2010 (Funds) JNL/Invesco Global Real Estate Fund JNL/Invesco International Growth Fund JNL/Invesco Large Cap Growth Fund JNL/Invesco Small Cap Growth Fund SCHEDULE B OCTOBER 11, 2010 (Compensation) JNL/Invesco Global Real Estate Fund AVERAGE DAILY NET ASSETS ANNUAL RATE $0 to $50 Million 0.50% Amounts over $50 Million 0.45% JNL/Invesco International Growth Fund AVERAGE DAILY NET ASSETS ANNUAL RATE $0 to $250 Million 0.40% Amounts over $250 Million 0.35% JNL/Invesco Large Cap Growth Fund AVERAGE DAILY NET ASSETS ANNUAL RATE $0 to $150 Million 0.40%* Amounts over $150 Million 0.35% *For the purpose of calculating the sub-adviser fee for the JNL/Invesco Large Cap Growth Fund, assets must be combined with assets of the JNL/Invesco Global Real Estate Fund, the JNL/Invesco International Growth Fund, and the JNL/Invesco Small Cap Growth Fund. For combined net assets greater than $1 billion, the sub-adviser fee will be 0.35% on all assets of the JNL/Invesco Large Cap Growth Fund. JNL/Invesco Small Cap Growth Fund AVERAGE DAILY NET ASSETS ANNUAL RATE $0 to $500 Million 0.60%** Amounts over $500 Million 0.55% ** For the purpose of calculating the sub-adviser fee for the JNL/Invesco Small Cap Growth Fund, assets must be combined with assets of the JNL/Invesco Global Real Estate Fund, the JNL/Invesco International Growth Fund, and the JNL/Invesco Large Cap Growth Fund, collectively. For combined net assets greater than $1 billion, the sub-adviser fee will be 0.60% on net assets up to $250 million and 0.55% on net assets greater than $250 million for the JNL/Invesco Small Cap Growth Fund.