Document:

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                                                                EXHIBIT 10.12(d)

                        INVESTMENT SUB-ADVISORY AGREEMENT

         AGREEMENT MADE THIS 4th day of October, 2002 by and between Nuveen
Institutional Advisory Corp., a Delaware corporation and a registered investment
adviser ("Manager"), and NWQ Investment Management, LLC, a Delaware limited
liability company and a registered investment adviser ("Sub-Adviser").

         WHEREAS, Manager is the investment manager for the Nuveen NWQ
International Value Fund series (the "Fund") of Nuveen Investment Trust II (the
"Trust") (formerly, the Nuveen International Growth Fund), an open-end
diversified, management investment company registered under the Investment
Company Act of 1940, as amended ("1940 Act"); and

         WHEREAS, Manager desires to retain Sub-Adviser as its agent to furnish
investment advisory services for the Fund, upon the terms and conditions
hereafter set forth;

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereto agree as follows:

         1. Appointment. Manager hereby appoints Sub-Adviser to provide certain
sub-investment advisory services to the Fund for the period and on the terms set
forth in this Agreement. Sub-Adviser accepts such appointments and agrees to
furnish the services herein set forth for the compensation herein provided.

         2. Services to be Performed. Subject always to the supervision of
Trust's Board of Trustees and the Manager, Sub-Adviser will furnish an
investment program in respect of, make investment decisions for, and place all
orders for the purchase and sale of securities for the Fund, all on behalf of
the Fund. In the performance of its duties, Sub-Adviser will satisfy its
fiduciary duties to the Trust, will monitor the Fund's investments, and will
comply with the provisions of Trust's Declaration of Trust and By-laws, as
amended from time to time, and the stated investment objectives, policies and
restrictions of the Fund. Manager will provide Sub-Adviser with current copies
of the Trust's Declaration of Trust, By-laws, prospectus and any amendments
thereto, and any objectives, policies or limitations not appearing therein as
they may be relevant to Sub-Adviser's performance under this Agreement.
Sub-Adviser and Manager will each make its officers and employees available to
the other from time to time at reasonable times to review investment policies of
the Fund and to consult with each other regarding the investment affairs of the
Fund. Sub-Adviser will report to the Board of Trustees and to Manager with
respect to the implementation of such program.

         Sub-Adviser is authorized to select the brokers or dealers that will
execute the purchases and sales of portfolio securities for the Fund, and is
directed to use its best efforts to obtain best execution, which includes most
favorable net results and execution of the Trust's orders, taking into account
all appropriate factors, including price, dealer spread or commission, size and
difficulty of the transaction and research or other services provided. It is
understood that the Sub-Adviser will not be deemed to have acted unlawfully, or
to have breached a fiduciary duty to the Trust or the Fund, or be in breach of
any obligation owing to the Trust or the Fund under this Agreement, or
otherwise, solely by reason of its having caused the Trust to pay a member of a

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securities exchange, a broker or a dealer a commission for effecting a
securities transaction for the Trust in excess of the amount of commission
another member of an exchange, broker or dealer would have charged if the
Sub-Adviser determined in good faith that the commission paid was reasonable in
relation to the brokerage or research services provided by such member, broker
or dealer, viewed in terms of that particular transaction or the Sub-Adviser's
overall responsibilities with respect to its accounts, including the Trust, as
to which it exercises investment discretion. In addition, if in the judgment of
the Sub-Adviser, the Fund would be benefited by supplemental services, the
Sub-Adviser is authorized to pay spreads or commissions to brokers or dealers
furnishing such services in excess of spreads or commissions which another
broker or dealer may charge for the same transaction, provided that the
Sub-Adviser determined in good faith that the commission or spread paid was
reasonable in relation to the services provided. The Sub-Adviser will properly
communicate to the officers and trustees of the Trust such information relating
to transactions for the Fund as they may reasonably request. In no instance will
portfolio securities be purchased from or sold to the Manager, Sub-Adviser or
any affiliated person of either the Trust, Manager, or Sub-Adviser, except as
may be permitted under the 1940 Act;

         Sub-Adviser further agrees that it:

         (a)      will use the same degree of skill and care in providing such
                  services as it uses in providing services to fiduciary
                  accounts for which it has investment responsibilities;

         (b)      will conform to all applicable Rules and Regulations of the
                  Securities and Exchange Commission in all material respects
                  and in addition will conduct its activities under this
                  Agreement in accordance with any applicable regulations of any
                  governmental authority pertaining to its investment advisory
                  activities;

         (c)      will report regularly to Manager and to the Board of Trustees
                  of the Trust and will make appropriate persons available for
                  the purpose of reviewing with representatives of Manager and
                  the Board of Trustees on a regular basis at reasonable times
                  the management of the Fund, including, without limitation,
                  review of the general investment strategies of the Fund, the
                  performance of the Fund in relation to standard industry
                  indices and general conditions affecting the marketplace and
                  will provide various other reports from time to time as
                  reasonably requested by Manager; and

         (d)      will prepare such books and records with respect to the Fund's
                  securities transactions as requested by the Manager and will
                  furnish Manager and Trust's Board of Trustees such periodic
                  and special reports as the Board or Manager may reasonably
                  request.

         3. Expenses. During the term of this Agreement, Sub-Adviser will pay
all expenses incurred by it in connection with its activities under this
Agreement other than the cost of securities (including brokerage commission, if
any) purchased for the Trust.

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         4. Compensation. For the services provided and the expenses assumed
pursuant to this Agreement, Manager will pay the Sub-Adviser, and the
Sub-Adviser agrees to accept as full compensation therefor, a portfolio
management fee equal to 50.0% of the remainder of (a) the investment management
fee payable by the Fund to the Manager based on average daily net assets
pursuant to the Management Agreement, less (b) any management fee waivers,
expense reimbursement payments, supermarket fees and alliance fees waived,
reimbursed or paid by the Manager in respect of the Fund.

The management fee shall accrue on each calendar day, and shall be payable
monthly on the first business day of the next succeeding calendar month. The
daily fee accrual shall be computed by multiplying the fraction of one divided
by the number of days in the calendar year by the applicable annual rate of fee,
and multiplying this product by the net assets of the Trust, determined in the
manner established by the Board of Trustees, as of the close of business on the
last preceding business day on which the Trust's net asset value was determined.

For the month and year in which this Agreement becomes effective or terminates,
there shall be an appropriate proration on the basis of the number of days that
the Agreement is in effect during the month and year, respectively.

         5. Services to Others. Manager understands, and has advised Trust's
Board of Trustees, that Sub-Adviser now acts, or may in the future act, as an
investment adviser to fiduciary and other managed accounts, and as investment
adviser or sub-investment adviser to one other investment company that is not a
series of the Trust, provided that whenever the Fund and one or more other
investment advisory clients of Sub-Adviser have available funds for investment,
investments suitable and appropriate for each will be allocated in a manner
believed by Sub-Adviser to be equitable to each. Manager recognizes, and has
advised Trust's Board of Trustees, that in some cases this procedure may
adversely affect the size of the position that the Fund may obtain in a
particular security. It is further agreed that, on occasions when the
Sub-Adviser deems the purchase or sale of a security to be in the best interests
of the Fund as well as other accounts, it may, to the extent permitted by
applicable law, but will not be obligated to, aggregate the securities to be so
sold or purchased for the Fund with those to be sold or purchased for other
accounts in order to obtain favorable execution and lower brokerage commissions.
In addition, Manager understands, and has advised Trust's Board of Trustees,
that the persons employed by Sub-Adviser to assist in Sub-Adviser's duties under
this Agreement will not devote their full such efforts and service to the Trust.
It is also agreed that the Sub-Adviser may use any supplemental research
obtained for the benefit of the Trust in providing investment advice to its
other investment advisory accounts or for managing its own accounts.

         6. Limitation of Liability. Manager will not take any action against
Sub-Adviser to hold Sub-Adviser liable for any error of judgment or mistake of
law or for any loss suffered by the Trust in connection with the performance of
Sub-Adviser's duties under this Agreement, except for a loss resulting from
Sub-Adviser's willful misfeasance, bad faith, or gross negligence in the
performance of its duties or by reason of its reckless disregard of its
obligations and duties under this Agreement.

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         7. Term; Termination; Amendment. This Agreement shall become effective
with respect to the Fund on the date on which it is approved by a vote of a
majority of the outstanding voting securities of the Fund in accordance with the
requirements of the 1940 Act, and shall remain in full force until August 1,
2003 unless sooner terminated as hereinafter provided. This Agreement shall
continue in force from year to year thereafter with respect to the Fund, but
only as long as such continuance is specifically approved for the Fund at least
annually in the manner required by the 1940 Act and the rules and regulations
thereunder; provided, however, that if the continuation of this Agreement is not
approved for the Fund, the Sub-Adviser may continue to serve in such capacity
for the Fund in the manner and to the extent permitted by the 1940 Act and the
rules and regulations thereunder.

         This Agreement shall automatically terminate in the event of its
assignment and may be terminated at any time without the payment of any penalty
by the Manager on sixty (60) days' written notice to the Sub-Adviser. This
Agreement may be terminated by the Sub-Adviser as of July 31 of any year after
2003 without payment of any penalty upon sixty (60) days' prior written notice
to the Manager. This Agreement may also be terminated by the Trust with respect
to the Fund by action of the Board of Trustees or by a vote of a majority of the
outstanding voting securities of such Fund on sixty (60) days' written notice to
the Sub-Adviser by the Trust.

         This Agreement may be terminated with respect to the Fund at any time
without the payment of any penalty by the Manager, the Board of Trustees or by
vote of a majority of the outstanding voting securities of the Fund in the event
that it shall have been established by a court of competent jurisdiction that
the Sub-Adviser or any officer or director of the Sub-Adviser has taken any
action which results in a breach of the covenants of the Sub-Adviser set forth
herein.

         The terms "assignment" and "vote of a majority of the outstanding
voting securities" shall have the meanings set forth in the 1940 Act and the
rules and regulations thereunder.

         Termination of this Agreement shall not affect the right of the
Sub-Adviser to receive payments on any unpaid balance of the compensation
described in Section 4 earned prior to such termination. This Agreement shall
automatically terminate in the event the Investment Management Agreement between
the Manager and the Trust is terminated, assigned or not renewed.

         8. Notice. Any notice under this Agreement shall be in writing,
addressed and delivered or mailed, postage prepaid, to the other party

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<Table>
<S>                                                  <C>
         If to the Manager:                          If to the Sub-Adviser:

         Nuveen Institutional Advisory Corp.         NWQ Investment Management Company
         333 West Wacker Drive                       2049 Century Park East, 4th Floor
         Chicago, Illinois 60606                     Los Angeles, CA 90067
         Attention: Mr. John P. Amboian              Attention:  Mr. Michael Mendez

         With a copy to:                             With a copy to:

         The John Nuveen Company
         333 West Wacker Drive
         Chicago, Illinois 60606
         Attention: General Counsel                  Attention:
</Table>

or such address as such party may designate for the receipt of such notice.

         9. Limitations on Liability. All parties hereto are expressly put on
notice of the Trust's Agreement and Declaration of Trust and all amendments
thereto, a copy of which is on file with the Secretary of the Commonwealth of
Massachusetts, and the limitation of shareholder and trustee liability contained
therein. The obligations of the Trust entered in the name or on behalf thereof
by any of the Trustees, representatives or agents are made not individually but
only in such capacities and are not binding upon any of the Trustees, officers,
or shareholders of the Trust individually but are binding upon only the assets
and property of the Trust, and persons dealing with the Trust must look solely
to the assets of the Trust and those assets belonging to the subject Fund, for
the enforcement of any claims.

         10. Miscellaneous. The captions in this Agreement are included for
convenience of reference only and in no way define or delimit any of the
provisions hereof or otherwise affect their construction or effect. If any
provision of this Agreement is held or made invalid by a court decision,
statute, rule or otherwise, the remainder of this Agreement will not be affected
thereby. This Agreement will be binding upon and shall inure to the benefit of
the parties hereto and their respective successors.

         11. Applicable Law. This Agreement shall be construed in accordance
with applicable federal law and (except as to Section 9 hereof which shall be
construed in accordance with the laws of Massachusetts) the laws of the State of
Illinois.

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         IN WITNESS WHEREOF, the Manager and the Sub-Adviser have caused this
Agreement to be executed as of the day and year first above written.

NUVEEN INSTITUTIONAL ADVISORY          NWQ INVESTMENT MANAGEMENT, LLC,
CORP., a Delaware corporation          a Delaware limited liability company

By: /s/ William M. Fitzgerald          By: /s/ Edward C. Friedel
Title: Managing Director               Title:  Managing Director

                                       6<PAGE>
                                                                   EXHIBIT 10.13

                              MANAGEMENT AGREEMENT

                                     BETWEEN

                            NUVEEN SENIOR INCOME FUND

                                       AND

                       NUVEEN INSTITUTIONAL ADVISORY CORP.

         NUVEEN SENIOR INCOME FUND, a Massachusetts business trust registered
under the Investment Company Act of 1940 ("1940 Act") as a closed-end management
investment company ("Fund"), hereby appoints NUVEEN INSTITUTIONAL ADVISORY
CORP., a Delaware corporation registered under the Investment Advisers Act of
1940 as an investment adviser, of Chicago, Illinois ("Manager"), to furnish
investment advisory and management services and certain administrative services
with respect to the assets represented by the shares of beneficial interest
issued by the Fund. Fund and Manager hereby agree that:

                  1. Investment Management Services. Manager shall manage the
         investment operations of the Fund, subject to the terms of this
         Agreement and to the supervision and control of the Fund's Board of
         Trustees ("Trustees"). Manager agrees to perform, or arrange for the
         performance of, the following services with respect to the Fund:

                            (a) obtain and evaluate such information relating to
                  economies, industries, businesses, securities and commodities
                  markets, and individual securities, commodities and indices as
                  it may deem necessary or useful in discharging its
                  responsibilities hereunder;

                            (b) formulate and maintain a continuous investment
                  program in a manner consistent with and subject to (i) the
                  Fund's declaration of trust and by-laws; (ii) the Fund's
                  investment objectives, policies, and restrictions as set forth
                  in written documents furnished by the Fund to Manager; (iii)
                  all securities, commodities, and tax laws and regulations
                  applicable to the Fund; and (iv) any other written limits or
                  directions furnished by the Trustees to Manager;

                            (c) unless otherwise directed by the Trustees, to
                  determine from time to time securities, commodities, interests
                  or other investments to be purchased, sold, retained or lent
                  by the Fund, and to implement those decisions, including the
                  selection of entities with or through which such purchases,
                  sales or loans are to be effected;

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                            (d) use reasonable efforts to manage the Fund so
                  that it will qualify as a regulated investment company under
                  subchapter M of the Internal Revenue Code of 1986, as amended;

                           (e) make recommendations as to the manner in which
                  voting rights, rights to consent to Fund action, and any other
                  rights pertaining to the Fund shall be exercised;

                           (f) make available to the Fund promptly upon request
                  all of the Fund's records and ledgers and any reports or
                  information reasonably requested by the Fund;

                           (g) the extent required by law, to furnish to
                  regulatory authorities any information or reports relating to
                  the services provided pursuant to this Agreement;

                           (h) monitor the provisions of the loan agreements and
                  any agreements with respect to participations and assignments
                  and be responsible for recordkeeping with respect to senior
                  loans in the Fund's portfolio;

                           (i) prepare all reports required to be sent to
                  holders of shares of the Fund ("Shareholders"), and arrange
                  for the printing and dissemination of such reports to
                  Shareholders;

                           (j) arrange for the dissemination to shareholders of
                  the Fund's proxy materials and oversee the tabulation of
                  proxies;

                           (k) negotiate the terms and conditions under which
                  custodian services will be provided to the Fund and the fees
                  to be paid by the Fund to its custodian (which may or may not
                  be an affiliate of the Fund's investment adviser), in
                  connection therewith;

                           (l) negotiate the terms and conditions under which
                  dividend disbursing services will be provided to the Fund, and
                  the fees to be paid by the Fund in connection therewith and
                  review the provision of dividend disbursing services to the
                  Fund;

                           (m) determine the amounts available for distribution
                  as dividends and distributions to be paid by the Fund to its
                  Shareholders; prepare and arrange for the printing of dividend
                  notices to Shareholders; and provide the Fund's dividend
                  disbursing agent and custodian with such information as is
                  required for such parties to effect the payment of dividends
                  and distributions and to implement the Fund's dividend
                  reinvestment plan;

                                      -2-
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                           (n) make such reports and recommendations to the
                  Board as the Board reasonably requests or deems appropriate;
                  and

                           (o) provide shareholder services to holders or
                  potential holders of the Fund's securities including, but not
                  limited to, shareholder requests for information.

                  Except as otherwise instructed from time to time by the
         Trustees, with respect to execution of transactions for the Fund,
         Manager shall place, or arrange for the placement of, all orders for
         purchases, sales, or loans with issuers, brokers, dealers or other
         counterparts or agents selected by Manager. In connection with the
         selection of all such parties for the placement of all such orders,
         Manager shall attempt to obtain most favorable execution and price, but
         may nevertheless in its sole discretion as a secondary factor, purchase
         and sell portfolio securities from and to brokers and dealers who
         provide Manager with statistical, research and other information,
         analysis, advice, and similar services. In recognition of such services
         or brokerage services provided by a broker or dealer, Manager is hereby
         authorized to pay such broker or dealer a commission or spread in
         excess of that which might be charged by another broker or dealer for
         the same transaction if the Manager determines in good faith that the
         commission or spread is reasonable in relation to the value of the
         services so provided.

                  The Fund hereby authorizes any entity or person associated
         with Manager that is a member of a national securities exchange to
         effect any transaction on the exchange for the account of a Fund to the
         extent permitted by and in accordance with Section 11(a) of the
         Securities Exchange Act or 1934 and Rule 11a2-2(T) thereunder. The Fund
         hereby consents to the retention by such entity or person of
         compensation for such transactions in accordance with Rule
         11a-2-2(T)(a)(iv).

                  Manager may, where it deems to be advisable, aggregate orders
         for its other customers together with any securities of the same type
         to be sold or purchased for the Fund in order to obtain best execution
         or lower brokerage commissions. In such event, Manager shall allocate
         the shares so purchased or sold, as well as the expenses incurred in
         the transaction, in a manner it considers to be equitable and fair and
         consistent with its fiduciary obligations to the Fund and Manager's
         other customers.

                  Manager shall for all purposes be deemed to be an independent
         contractor and not an agent of the Fund and shall, unless otherwise
         expressly provided or authorized, have no authority to act for or
         represent the Fund in any way.

                    2. Administrative Services. Subject to the terms of this
         Agreement and to the supervision and control of the Trustees, Manager
         shall provide to the Fund facilities, equipment, statistical and
         research data, clerical, accounting and bookkeeping services,

                                      -3-
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         internal auditing and legal services, and personnel to carry out all
         management services required for operation of the business and affairs
         of the Fund other than those services to be performed by the Fund's
         Underwriter pursuant to an Underwriting Agreement, those services to be
         performed by the Fund's Custodian pursuant to a Custody Agreement,
         those services to be performed by the Fund's Transfer Agent pursuant to
         a Transfer Agency Agreement, those services to be provided pursuant to
         a Fund Accounting Agreement and those services normally performed by
         the Fund's counsel and auditors.

                    3. Use of Affiliated Companies and Subcontractors. In
         connection with the services to be provided by Manager under this
         Agreement, Manager may, to the extent it deems appropriate, and subject
         to compliance with the requirements of applicable laws and regulations,
         make use of (i) its affiliated companies and their directors, trustees,
         officers, and employees and (ii) subcontractors selected by Manager,
         provided that Manager shall supervise and remain fully responsible for
         the services of all such third parties in accordance with and to the
         extent provided by this Agreement. All costs and expenses associated
         with services provided by any such third parties shall be borne by
         Manager or such parties.

                    4. Expenses Borne by the Fund. Except to the extent
         expressly assumed by Manager herein or under a separate agreement
         between the Fund and Manager and except to the extent required by law
         to be paid by Manager, Manager shall not be obligated to pay any costs
         or expenses incidental to the organization, operations or business of
         the Fund. Without limitation, costs and expenses for which the Manager
         shall have no obligation shall include but not be limited to:

                           (a) all charges of depositories, custodians and other
                  agencies for the safekeeping and servicing of the Fund's cash,
                  securities, and other property;

                           (b) all charges for equipment or services used for
                  obtaining price quotations or for communication between
                  Manager or Fund and the custodian, transfer agent or any other
                  agent selected by the Fund;

                           (c) all charges for and accounting services provided
                  to the Fund by Manager, or any other provider of such
                  services;

                           (d) all charges for services of the Fund's
                  independent auditors and for services to the Fund by legal
                  counsel;

                                      -4-
<PAGE>

                           (e) all compensation of Trustees, other than those
                  affiliated with Manager, all expenses incurred in connection
                  with their services to the Fund, and all expenses of meetings
                  of the Trustees or committees thereof;

                            (f) all expenses incidental to holding meetings of
                  Shareholders, including printing and of supplying each
                  record-date Shareholder with notice and proxy solicitation
                  material, and all other proxy solicitation expense;

                           (g) all expenses of printing of annual or more
                  frequent revisions of the Fund's prospectus;

                           (h) all expenses related to preparing, printing and
                  transmitting certificates representing Fund shares;

                           (i) all expenses of bond and insurance coverage
                  required by law or deemed advisable by the Trustees;

                           (j) all brokers' commissions and other normal charges
                  incident to the purchase, sale, or lending of portfolio
                  securities;

                           (k) all taxes and governmental fees payable to
                  Federal, state or other governmental agencies, domestic or
                  foreign, including all stamp or other transfer taxes;

                            (l) all expenses of registering and maintaining the
                  registration of the Fund under the 1940 Act and, to the extent
                  no exemption is available, expenses of registering Fund's
                  shares under the 1933 Act, of qualifying and maintaining
                  qualification of the Fund and of the Fund's shares for sale
                  under securities laws of various states or other jurisdictions
                  and of registration and qualification of the Fund under all
                  other laws applicable to the Fund or its business activities;

                           (m) all interest on indebtedness, if any, incurred by
                  the Fund; and

                           (n) all expenses in connection with the listing and
                  trading of the Fund's shares on a national securities
                  exchange;

                           (o) all expenses in connection with the rating, or
                  proposed rating by any nationally recognized statistical
                  rating organization of any security issues or proposed to be
                  issued by the Fund; and

                                      -5-
<PAGE>

                            (p) all fees, dues and other expenses incurred by
                  the Fund in connection with membership of the Fund in any
                  trade association or other investment company organization.

                    5. Allocation of Expenses Borne by the Fund. Any expenses
         borne by the Fund that are attributable solely to the organization,
         operation or business of the Fund shall be paid solely out of Fund
         assets. Any expense borne by the Fund which is not solely attributable
         to the Fund, shall be apportioned in such manner as Manager determines
         is fair and appropriate, or as otherwise specified by the Board of
         Trustees.

                  6. Expenses Borne by Manager. Manager at its own expense shall
         furnish all executive and other personnel, office space, and office
         facilities required to render the investment management and
         administrative services set forth in this Agreement.

                  In the event that Manager pays or assumes any expenses of the
         Fund not required to be paid or assumed by Manager under this
         Agreement, Manager shall not be obligated hereby to pay or assume the
         same or similar expense in the future; provided that nothing contained
         herein shall be deemed to relieve Manager of any obligation to the Fund
         under any separate agreement or arrangement between the parties.

                    7. Management Fee. For the services rendered, facilities
         provided, and charges assumed and paid by Manager hereunder, the Fund
         shall pay to Manager out of the assets of the Fund fees at the annual
         rate as set forth in Schedule A to this Agreement. The management fee
         shall accrue on each calendar day, and shall be payable monthly on the
         first business day of the next succeeding calendar month. The daily fee
         accrual shall be computed by multiplying the fraction of one divided by
         the number of days in the calendar year by the applicable annual rate
         of fee, and multiplying this product by the Managed Assets of the Fund,
         as of the close of business on the last preceding business day on which
         the Fund's net asset value was determined. For purposes of calculation
         of the management fee, the Fund's Managed Assets shall mean the daily
         gross asset value of the Fund, minus the sum of (i) the Fund's accrued
         and unpaid dividends on any outstanding preferred shares of beneficial
         interest of the Fund ("Preferred Shares") and (ii) accrued liabilities
         (other than the amount of any borrowings incurred, commercial paper or
         notes issued by the Fund and liquidation preference of any outstanding
         Preferred Shares), using the values determined in the manner
         established by the Trustees.

                  8. Non-Exclusivity. The services of Manager to the Fund
         hereunder are not to be deemed exclusive and Manager shall be free to
         render similar services to others.

                                      -6-
<PAGE>

                    9. Retention of Sub-Adviser. Subject to obtaining the
         initial and periodic approvals required under Section 15 of the 1940
         Act, Manager may retain one or more sub-advisers at Manager's own cost
         and expense for the purpose of furnishing one or more of the services
         described in Section 1 hereof with respect to Trust or one or more
         Funds. Retention of a sub-adviser shall in no way reduce the
         responsibilities or obligations of Manager under this Agreement, and
         Manager shall be responsible to Trust and its Funds for all acts or
         omissions of any sub-adviser in connection with the performance or
         Manager's duties hereunder.

                   10. Standard of Care. The Manager shall not be liable for any
         loss sustained by reason of the purchase, sale or retention of any
         security, whether or not such purchase, sale or retention shall have
         been based upon the investigation and research made by any other
         individual, firm or corporation, if such recommendation shall have been
         selected with due care and in good faith, except loss resulting from
         willful misfeasance, bad faith, or gross negligence on the part of the
         Manager in the performance of its obligations and duties, or by reason
         of its reckless disregard of its obligations and duties under this
         Agreement.

                   11. Amendment. This Agreement may not be amended as to the
         Fund without the affirmative votes (a) of a majority of the Board of
         Trustees, including a majority of those Trustees who are not
         "interested persons" of the Fund or of Manager, voting in person at a
         meeting called for the purpose of voting on such approval, and (b) of a
         "majority of the outstanding shares" of the Fund. The terms "interested
         persons" and "vote of a majority of the outstanding shares" shall be
         construed in accordance with their respective definitions in the 1940
         Act and, with respect to the latter term, in accordance with Rule 18f-2
         under the 1940 Act.

                   12. Effective Date and Termination. This Agreement shall
         become effective as of the effective date for the Fund specified in
         Schedule A hereto. This Agreement may be terminated at any time,
         without payment of any penalty, by the Board of Trustees of the Fund,
         or by a vote of a majority of the outstanding shares, upon at least
         sixty (60) days' written notice to Manager. This Agreement may be
         terminated by Manager at any time upon at least sixty (60) days'
         written notice to the Fund. This Agreement shall terminate
         automatically in the event of its "assignment" (as defined in the 1940
         Act). Unless terminated as hereinbefore provided, this Agreement shall
         continue in effect for an initial period of two (2) years from the
         effective date applicable to the Fund specified in Schedule A and
         thereafter from year to year only so long as such continuance is
         specifically approved with respect to the Fund at least annually (a) by
         a majority of those Trustees who are not interested persons of the Fund
         or of Manager, voting in person at a

                                      -7-
<PAGE>

         meeting called for the purpose of voting on such approval, and (b) by
         either the Board of Trustees of the Fund or by a "vote of a majority of
         the outstanding shares" of the Fund.

                   13. Ownership of Records; Interparty Reporting. All records
         required to be maintained and preserved by the Fund pursuant to the
         provisions of rules or regulations of the Securities and Exchange
         Commission under Section 31(a) of the 1940 Act or other applicable laws
         or regulations which are maintained and preserved by Manager on behalf
         of the Fund and any other records the parties mutually agree shall be
         maintained by Manager on behalf of the Fund are the property of the
         Fund and shall be surrendered by Manager promptly on request by the
         Fund; provided that Manager may at its own expense make and retain
         copies of any such records.

                  The Fund shall furnish or otherwise make available to Manager
         such copies of the financial statements, proxy statements, reports, and
         other information relating to the business and affairs of the Fund as
         Manager may, at any time or from time to time, reasonably require in
         order to discharge its obligations under this Agreement.

                  Manager shall prepare and furnish to the Fund statistical data
         and other information in such form and at such intervals as the Fund
         may reasonably request.

                   14. Non-Liability of Trustees and Shareholders. Any
         obligation of the Fund hereunder shall be binding only upon the assets
         of the Fund and shall not be binding upon any Trustee, officer,
         employee, agent or Shareholder of the Fund. Neither the authorization
         of any action by the Trustees or Shareholders of the Fund nor the
         execution of this Agreement on behalf of the Fund shall impose any
         liability upon any Trustee or any Shareholder.

                   15. Use of Manager's Name. The Fund may use the name "Nuveen
         Floating Rate Fund" or any other name derived from the name "Nuveen"
         only for so long as this Agreement or any extension, renewal, or
         amendment hereof remains in effect, including any similar agreement
         with any organization which shall have succeeded to the business of
         Manager as investment adviser. At such time as this Agreement or any
         extension, renewal or amendment hereof, or such other similar agreement
         shall no longer be in effect, the Fund will cease to use any name
         derived from the name "Nuveen" or otherwise connected with Manager, or
         with any organization which shall have succeeded to Manager's business
         as investment adviser.

                   16. References and Headings. In this Agreement and in any
         such amendment, references to this Agreement and all expressions such
         as "herein," "hereof," and "hereunder'" shall be deemed to refer to
         this Agreement as amended or affected by any

                                      -8-
<PAGE>

         such amendments. Headings are placed herein for convenience of
         reference only and shall not be taken as a part hereof or control or
         affect the meaning, construction, or effect of this Agreement. This
         Agreement may be executed in any number of counterparts, each of which
         shall be deemed an original.

Dated: August 1, 2002

                                        NUVEEN SENIOR INCOME FUND

Attest                                  By /s/ Gifford R. Zimmerman
                                           --------------------------------

/s/ Virginia L. O'Neal
----------------------

                                        NUVEEN INSTITUTIONAL ADVISORY CORP.

Attest                                  By /s/ Jessica R. Droeger
                                           --------------------------------

/s/ Virginia L. O'Neal
----------------------

                                      -9-
<PAGE>

                            NUVEEN SENIOR INCOME FUND
                              MANAGEMENT AGREEMENT

                                   SCHEDULE A

         The Fund subject to this Agreement, the effective date and initial term
is as follows:

<Table>
<Caption>
                FUND                EFFECTIVE DATE        INITIAL TERM

<S>                                 <C>                <C>
      Nuveen Senior Income Fund     August 1, 2002     Until August 1, 2003
</Table>

         Compensation pursuant to Section 7 of this Agreement shall be
calculated in accordance with the following schedule applicable to the Managed
Assets of the Fund:

<Table>
<Caption>
         MANAGED ASSETS                              MANAGEMENT FEE

<S>                                                  <C>
         Up to $1.0 billion                           .8500 of 1%
         $1.0 billion to $2.0 billion                 .8375 of 1%
         $2.0 billion to $5.0 billion                 .8250 of 1%
         $5.0 billion to $10.0 billion                .8000 of 1%
         $10.0 billion and over                       .7750 of 1%
</Table>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}]]