INVESTMENT MANAGEMENT AGREEMENT



        THIS AGREEMENT is made as of the 30th day of July, 2002 by and between

Deutsche Asset Management VIT Funds, a Massachusetts business trust (the

'Trust'), and DEUTSCHE ASSET MANAGEMENT, INC., a Delaware corporation (the

'Advisor').



        WHEREAS, the Trust is registered as an open-end, diversified, management

investment company under the Investment Company Act of 1940, as amended (the

'1940 Act'), consisting of several series of shares, each having its own

investment policies;



        WHEREAS, the Advisor is registered as an investment advisor under the

Investment Advisers Act of 1940, as amended, and engages in the business of

acting as an investment advisor; and



        WHEREAS, the Trust and the Advisor desire to enter into an agreement to

provide investment advisory services for the series listed in Schedule A to this

Agreement on the terms and conditions hereinafter set forth;



        NOW THEREFORE, in consideration of the mutual covenants herein contained

and other good and valuable consideration, the receipt whereof is hereby

acknowledged, the parties hereto agree as follows:



        1.      Appointment of Investment Advisor. The Trust hereby appoints the

Advisor to act as the investment manager of each series listed in Schedule A to

this Agreement (each such series, together with all other series subsequently

established by the Trust and made subject to this Agreement in accordance with

section 11, being herein referred to as 'a Series', and collectively as 'the

Series'). The Advisor shall manage a Series' affairs and shall supervise all

aspects of a Series' operations (except as otherwise set forth herein),

including the investment and reinvestment of the cash, securities or other

properties comprising a Series' assets, subject at all times to the policies and

control of the Board of Trustees. The Advisor shall give a Series the benefit of

its best judgment, efforts and facilities in rendering its services as Advisor.



        2.      Delivery of Documents. The Trust has furnished the Advisor with

copies properly certified or authenticated of each of the following:



                (a)     The Trust's Declaration of Trust, filed with the State

        of Massachusetts on January 18, 1996 and all amendments thereto (such

        Declaration of Trust, as presently in effect and as it shall from time

        to time be amended, is herein called the 'Declaration of Trust');



                (b)     Resolutions of the Trust's Board of Trustees and

        shareholders authorizing the appointment of the Advisor and approving

        this Agreement;



                (c)     The Trust's Registration Statement on Form N-1A under

        the Securities Act of 1933 (the '1933 Act') (File No. 333-00479) and

        under the 1940 Act as filed with the Securities and Exchange Commission

        ('SEC') relating to the shares of the Trust and its series, and all

        amendments thereto; and



                (d)     Each Series' most recent prospectus (such prospectus, as

        presently in effect, and all amendments and supplements thereto are

        herein called 'Prospectus').



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        The Trust will furnish the Advisor from time to time with copies,

properly certified or authenticated, of all amendments or supplements to the

foregoing, if any, and all documents, notices and reports filed with the SEC.



        The Advisor will provide the Trust with copies of its Form ADV,

including all amendments thereto, as filed with the SEC.



        3.      Duties of Investment Advisor. In carrying out its obligations

under Section 1 hereof, the Advisor shall:



                (a)     supervise and manage all aspects of a Series'

        operations, except for distribution services;



                (b)     formulate and implement continuing programs for the

        purchases and sales of securities, consistent with the investment

        objective and policies of a Series;



                (c)     provide the Trust with, or obtain for it, adequate

        office space and all necessary office equipment and services, including

        telephone service, utilities, stationery, supplies and similar items for

        the Trust's principal office;



                (d)     obtain and evaluate pertinent information about

        significant developments and economic, statistical and financial data,

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