Document:

<PAGE>

                                                                EXHIBIT 10.11(c)

                                   ADDENDUM TO
                        INVESTMENT SUB-ADVISORY AGREEMENT

      ADDENDUM made this 17th day of May, 1998, to the Investment Sub-Advisory
Agreement (the "Agreement") dated May 16, 1996 by and between Nuveen
Institutional Advisory Corp., a Delaware corporation ("Manager"), and
Institutional Capital Corporation, a Delaware corporation ("Sub-Adviser").

      WHEREAS, the Agreement provides, among other things, that sub-advisory
fees for all Initial Portfolios and all subsequently created portfolios for
which Sub-Adviser agrees with Manager to become sub-adviser shall be as set
forth in Section 5 of the Agreement; and

      WHEREAS, the Manager desires to engage the Sub-Adviser to serve as
sub-adviser for certain newly created portfolios, and Sub-Adviser desires to
accept such engagement, with the modifications to the sub-advisory fee
arrangement as set forth herein;

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

      1. Effect on Agreement. All provisions of the Agreement not specifically
amended by this Addendum shall remain in full force and affect, and shall apply
to this Addendum as appropriate.

      2. Defined Terms. All capitalized terms not otherwise defined in this
Addendum shall have the same meaning as set forth in the Agreement.

      3. New Portfolios. Manager is the investment manager for the Nuveen
Tax-Deferred Investment Trust (the "T-D Trust"), an open-end series management
investment company registered or to be registered under the 1940 Act. Manager
desire to engage Sub-Adviser to serve as sub-adviser for three of the series of
the T-D Trust: the Balanced Portfolio, the Growth and Income Portfolio, and the
European Value Portfolio. Manager is also the investment manager for the Nuveen
European Value Fund, an open-end series management investment company registered
or to be registered under the 1940 Act (together with the European Value
Portfolio, the "European Funds").

      4. Supplemental Fee. Manager and Sub-Adviser agree that, in addition to
the sub-advisory fee for each new Portfolio or Fund payable under the Agreement
("Basic Fee"), Manager shall pay Sub-Adviser an additional amount in respect of
the Balanced Portfolio, the Growth and Income Portfolio and the European Funds,
as set forth in the table below (each, a "Supplemental Fee"), for the period
until the net assets of such Portfolio or such Funds, as the case may be, first
reaches the threshold amount set forth in the table. The Basic Fee for purposes
of this Addendum shall be calculated on a daily basis as the effective (blended)
rate calculated
<PAGE>

under the breakpoint schedules set forth in Section 5 of the
Agreement by reference to the average daily market value of the equity and
fixed-income assets, respectively, of all Nuveen-sponsored investment products
for which the Sub-Adviser serves as sub-adviser, including for all purposes the
assets of the new Portfolios and Funds.

<TABLE>
<CAPTION>
New Portfolio or Funds                         Threshold Amount                        Supplemental Fee
----------------------                         ----------------                        ----------------
<S>                                            <C>                                     <C>
Balanced Portfolio                             $ 50 million                            0.10% of net assets
Growth and Income Portfolio                    $ 100 million                           0.08% of net assets
European Funds                                 $ 50 million                            0.13% of net assets
</TABLE>

Once the net assets of the Balanced Portfolio, the Growth and Income Portfolio
or the European Funds reach the respective threshold amount set forth above on
any day, the sub-advisory fee for the Balanced Portfolio, the Growth and Income
Portfolio or the European Funds, as the case may be, shall thereafter be the
Basic Fee as calculated pursuant to the Agreement.

      5. Recoupment by Manager of Supplemental Fee.

            a. Beginning on the day after the net assets of the Balanced
Portfolio, the Growth and Income Portfolio or the European Funds, as the case
may be, reach the threshold amount set forth above, there shall be no further
obligation to pay the Supplemental Fee in respect of such Portfolio or Funds,
and the Sub-Adviser shall waive the sub-advisory fee payable thereafter in
respect of such Portfolio or Funds, determined as set forth in the Agreement,
and the Manager shall retain such amounts, for such period of time until the
amount of sub-advisory fees so waived shall equal the aggregate amount of the
Supplemental Fee previously paid hereunder by Manager to Sub-Adviser with
respect to such Portfolio or Funds. At the Manager's option, it may also elect
to recoup the aggregate amount of any Supplemental Fee it is entitled to recoup
hereunder with respect to such Portfolio or Funds by reducing the amounts
otherwise payable by Manager to Sub-Adviser under the Agreement in respect of
the Nuveen Growth and Income Fund. Once the Manager shall have recouped the
aggregate amount of the Supplemental Fee in respect of the Balanced Portfolio,
the Growth and Income Portfolio or the European Funds (as the case may be)
pursuant to this paragraph, the Manager shall resume paying Sub-Adviser the
sub-advisory fee payable under the Agreement in respect of such Portfolio or
Funds.

            b. If Sub-Adviser shall either resign or be terminated for cause as
sub-adviser for the Balanced Portfolio, the Growth and Income Portfolio or one
or both of the European Funds, Sub-Adviser agrees to pay to Manager the amount
of any unrecouped Supplemental Fee previously received in respect of such
Portfolios or Funds at the same time as it ceases to serve as sub-adviser.

            c. If Sub-Adviser shall be terminated as sub-adviser for the
Balanced Portfolio, the Growth and Income Portfolio or one or both of the
European Funds other than for cause, Sub-Adviser shall be entitled to retain the
amount of any unrecouped Supplemental Fee.

                                       2
<PAGE>

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

                                            NUVEEN INSTITUTIONAL ADVISORY CORP.

                                            By:
                                               ---------------------------------

ATTEST:                                     Title:

                                                  ------------------------------
-------------------------------

Title:
      -------------------------

                                            INSTITUTIONAL CAPITAL CORPORATION

                                            By:
                                               ---------------------------------

ATTEST:                                     Title:

                                                  ------------------------------
-------------------------------

Title:
      -------------------------

                                       3<PAGE>
                                                                EXHIBIT 10.11(d)
                            NUVEEN INVESTMENT TRUST

           NOTICE OF CONTINUANCE OF INVESTMENT SUB-ADVISORY AGREEMENT

WHEREAS, Nuveen Institutional Advisory Corp., a Delaware corporation (the
"Manager ") and Institutional Capital Corporation, a Delaware corporation (the
"Sub-Adviser") have entered into a Sub-Advisory Agreement dated as of May 16,
1996, as amended (the "Agreement"), pursuant to which the Sub-Adviser furnishes
investment advisory services to the various series of Nuveen Investment Trust;
and

WHEREAS, pursuant to the terms of the Agreement, the Agreement shall continue in
force from year to year after the initial effective period of two years,
provided that such continuance is specifically approved for each Portfolio (as
defined in the Agreement) at least annually in the manner required by the
Investment Company Act of 1940 and the rules and regulations thereunder.

NOW THEREFORE, this Notice memorializes between the parties that the Board of
Trustees of Nuveen Investment Trust, including the independent Trustees, at a
meeting called in part for the purpose of reviewing the Agreement, have approved
the continuance of the Agreement with respect to each Portfolio until August 1,
2002, in the manner required by the Investment Company Act of 1940.

Dated as of July 31, 2001

                                        NUVEEN INSTITUTIONAL
                                        ADVISORY CORP.

                                        By:
                                           -------------------------------------
                                                       Vice President
ATTEST:

-----------------------------------
         Assistant Secretary

                                        INSTITUTIONAL CAPITAL CORPORATION

                                        By:
                                           -------------------------------------
                                        Its:
                                           ------------------------
ATTEST:

------------------------------------

---------------------<PAGE>
                                                                   EXHIBIT 10.12
                              MANAGEMENT AGREEMENT

                                    BETWEEN

                           NUVEEN INVESTMENT TRUST II

                                      AND

                      NUVEEN INSTITUTIONAL ADVISORY CORP.

         NUVEEN INVESTMENT TRUST II, a Massachusetts business trust registered
under the Investment Company Act of 1940 ("1940 Act") as an open-end diversified
management series investment company ("Trust"), 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 portion of its assets represented by
the shares of beneficial interest issued in the series listed in Schedule A
hereto, as such schedule may be amended from time to time (each such series
hereinafter referred to as "Fund"). Trust and Manager hereby agree that:

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

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

<PAGE>

                            (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;

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

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

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

                  Except as otherwise instructed from time to time by the
         Trustees, with respect to execution of transactions for Trust on behalf
         of a 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.

                  Trust 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. Trust hereby

                                      -2-
<PAGE>
         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 Trust or one or more Funds 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
         Trust, the Funds, and Manager's other customers.

                  Manager shall for all purposes be deemed to be an independent
         contractor and not an agent of Trust and shall, unless otherwise
         expressly provided or authorized, have no authority to act for or
         represent Trust 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 Trust facilities, equipment, statistical and
         research data, clerical, accounting and bookkeeping services, internal
         auditing and legal services, and personnel to carry out all management
         services required for operation of the business and affairs of the
         Funds other than those services to be performed by the Trust's
         Distributor pursuant to the Distribution Agreement, those services to
         be performed by the Trust's Custodian pursuant to the Custody
         Agreement, those services to be performed by the Trust's Transfer Agent
         pursuant to the Transfer Agency Agreement, those services to be
         provided by the Trust's Custodian pursuant to the Accounting Agreement
         and those services normally performed by the Trust'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 Trust. Except to the extent expressly
         assumed by Manager herein or under a separate agreement between Trust
         and Manager and except to the extent required by law to be paid by
         Manager, Manager shall not be obligated to pay

                                      -3-
<PAGE>
         any costs or expenses incidental to the organization, operations or
         business of the Trust. Without limitation, such costs and expenses
         shall include but not be limited to:

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

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

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

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

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

                            (f) all expenses incidental to holding meetings of
                  holders of units of interest in the Trust ("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 Trust prospectus(es) and of supplying
                  each then-existing Shareholder with a copy of a revised
                  prospectus;

                            (h) all expenses related to preparing and
                  transmitting certificates representing Trust shares;

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

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

                                      -4-
<PAGE>
                            (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 Trust under the 1940 Act and, to the extent no
                  exemption is available, expenses of registering Trust's shares
                  under the 1933 Act, of qualifying and maintaining
                  qualification of Trust and of Trust's shares for sale under
                  securities laws of various states or other jurisdictions and
                  of registration and qualification of Trust under all other
                  laws applicable to Trust or its business activities;

                            (m) all interest on indebtedness, if any, incurred
                  by Trust or a Fund; and

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

                    5. Allocation of Expenses Borne by Trust. Any expenses borne
         by Trust that are attributable solely to the organization, operation or
         business of a Fund shall be paid solely out of Fund assets. Any expense
         borne by Trust which is not solely attributable to a Fund, nor solely
         to any other series of shares of Trust, 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
         Trust or a 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 Trust or a 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, Trust
         shall pay to Manager out of the assets of each Fund fees at the annual
         rate for such Fund as set forth in Schedule B to this Agreement. For
         each 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.

                                      -5-
<PAGE>

         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 Fund, 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 Fund's net asset value was determined.

                    8. State Expense Limitation. If for any fiscal year of a
         Fund, its aggregate operating expenses ("Aggregate Operating Expenses")
         exceed the applicable percentage expense limit imposed under the
         securities law and regulations of any state in which Shares of the Fund
         are qualified for sale (the "State Expense Limit"), the Manager shall
         pay such Fund the amount of such excess. For purposes of this State
         Expense Limit, Aggregate Operating Expenses shall (a) include (i) any
         fees or expenses reimbursements payable to Manager pursuant to this
         Agreement and (ii) to the extent the Fund invests all or a portion of
         its assets in another investment company registered under the 1940 Act,
         the pro rata portion of that company's operating expenses allocated to
         the Fund, and (iii) any compensation payable to Manager pursuant to any
         separate agreement relating to the Fund's administration, but (b)
         exclude any interest, taxes, brokerage commissions, and other normal
         charges incident to the purchase, sale or loan of securities, commodity
         interests or other investments held by the Fund, litigation and
         indemnification expense, and other extraordinary expenses not incurred
         in the ordinary course of business. Except as otherwise agreed to by
         the parties or unless otherwise required by the law or regulation of
         any state, any reimbursement by Manager to a Fund under this section
         shall not exceed the management fee payable to Manager by the Fund
         under this Agreement.

                  Any payment to a Fund by Manager hereunder shall be made
         monthly, by annualizing the Aggregate Operating Expenses for each month
         as of the last day of the month. An adjustment for payments made during
         any fiscal year of the Fund shall be made on or before the last day of
         the first month following such fiscal year of the Fund if the Annual
         Operating Expenses for such fiscal year (i) do not exceed the State
         Expense Limitation or (ii) for such fiscal year there is no applicable
         State Expense Limit.

                    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.

                                      -6-
<PAGE>

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

                   11. 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.

                   12. Amendment. This Agreement may not be amended as to Trust
         or any 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 Trust 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 Trust or, with respect to any
         amendment affecting an individual Fund, a "majority of the outstanding
         shares" of that 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.

                   13. Effective Date and Termination. This Agreement shall
         become effective as to any Fund as of the effective date for that Fund
         specified in Schedule A hereto. This Agreement may be terminated at any
         time, without payment of any penalty, as to any Fund by the Board of
         Trustees of Trust, or by a vote of a majority of the outstanding shares
         of that fund, 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 Trust. 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 with respect to any Fund until the
         end of the initial term applicable to that Fund specified in Schedule A
         and thereafter from year to year only so long as such continuance is
         specifically approved with respect to that Fund at least annually (a)
         by a majority of those Trustees who are not interested persons of Trust
         or of Manager, voting in person at a meeting called for the purpose of
         voting on such approval, and (b) by either the Board of Trustees of
         Trust or by a "vote of a majority of the outstanding shares" of the
         Fund.

                   14. Ownership of Records; Interparty Reporting. All records
         required to be maintained and preserved by Trust pursuant to the
         provisions of rules or regulations of

                                      -7-
<PAGE>

         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 Trust and any other records the
         parties mutually agree shall be maintained by Manager on behalf of
         Trust are the property of Trust and shall be surrendered by Manager
         promptly on request by Trust; provided that Manager may at its own
         expense make and retain copies of any such records.

                  Trust 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 each
         Shareholder in a 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 Trust as to each Fund
         statistical data and other information in such form and at such
         intervals as Trust may reasonably request.

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

                   16. Use of Manager's Name. Trust may use the name "Nuveen
         Investment Trust II" and the Fund names listed in Schedule A 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,
         Trust 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.

                   17. 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 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

                                      -8-
<PAGE>
         of this Agreement. This Agreement may be executed in any number of
         counterparts, each of which shall be deemed an original.

Dated: October 31, 1997

                                            NUVEEN INVESTMENT TRUST II

ATTEST                                      BY
                                              ----------------------------------

-----------------------------------

                                            NUVEEN INSTITUTIONAL ADVISORY CORP.

ATTEST                                      BY
                                              ----------------------------------

------------------------------------

                                      -9-
<PAGE>

                           NUVEEN INVESTMENT TRUST II
                              MANAGEMENT AGREEMENT

                                   SCHEDULE A

         The Funds of the Trust currently subject to this Agreement and the
effective date of each are as follows:
<Table>
<Caption>

                 FUND                                 EFFECTIVE DATE                                  INITIAL TERM
<S>                                           <C>                                               <C>
Nuveen Rittenhouse Growth Fund                        October 31, 1997                            Until August 1, 1999
Nuveen Innovation Fund                                December 17, 1999                           Until August 1, 2001
Nuveen International Growth Fund                      December 17, 1999                           Until August 1, 2001
Nuveen Select Stock Fund                    Commencement of Investment Operations                  Until August, 2002
</Table>

<PAGE>
                           NUVEEN INVESTMENT TRUST II
                              MANAGEMENT AGREEMENT

                                   SCHEDULE B

         Compensation pursuant to Section 7 of this Agreement shall be
calculated with respect to each Fund in accordance with the following schedule
applicable to the average daily net assets of the Fund:

                         NUVEEN RITTENHOUSE GROWTH FUND

        AVERAGE DAILY NET ASSET VALUE                  FUND MANAGEMENT FEE

        For the first $125 million                       .8500 of 1%
        For the next $125 million                        .8375 of 1%
        For the next $250 million                        .8250 of 1%
        For the next $500 million                        .8125 of 1%
        For the next $1 billion                          .8000 of 1%
        For assets over $2 billion                       .7750 of 1%

                             NUVEEN INNOVATION FUND

        AVERAGE DAILY NET ASSET VALUE                  FUND MANAGEMENT FEE

        For the first $125 million                      1.0000 of 1%
        For the next $125 million                        .9875 of 1%
        For the next $250 million                        .9750 of 1%
        For the next $500 million                        .9625 of 1%
        For the next $1 billion                          .9500 of 1%
        For assets over $2 billion                       .9250 of 1%

                        NUVEEN INTERNATIONAL GROWTH FUND

        AVERAGE DAILY NET ASSET VALUE                  FUND MANAGEMENT FEE

        For the first $125 million                      1.0500 of 1%
        For the next $125 million                       1.0375 of 1%
        For the next $250 million                       1.0250 of 1%
        For the next $500 million                       1.0125 of 1%
        For the next $1 billion                         1.0000 of 1%
        For assets over $2 billion                       .9750 of 1%

<PAGE>

                            NUVEEN SELECT STOCK FUND

     AVERAGE DAILY NET ASSET VALUE                 FUND MANAGEMENT FEE

     For the first $125 million                      1.1000 of 1%
     For the next $125 million                       1.0875 of 1%
     For the next $250 million                       1.0750 of 1%
     For the next $500 million                       1.0625 of 1%
     For the next $1 billion                         1.0500 of 1%
     For assets over $2 billion                      1.0250 of 1%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]