EXHIBIT  (d)(4)

                         THE WRIGHT MANAGED EQUITY TRUST

                                    AMENDMENT
                             dated December 20, 2002
                                       to

                  AMENDED AND RESTATED ADMINISTRATION AGREEMENT
                             dated February 1, 1998

         Pursuant  to  section  7 of the  Amended  and  Restated  Administration
Agreement  between The Wright  Managed  Equity Trust and Eaton Vance  Management
(the "Administrator") dated February 1, 1998 (the "Agreement"), the Agreement is
hereby  amended by the  inclusion  of a revised  Schedule B setting  forth a new
schedule of compensation of the  Administrator  to become effective as indicated
in Schedule B.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed on the day and year first written above.

THE WRIGHT MANAGED EQUITY TRUST             EATON VANCE MANAGEMENT



By:  s/Peter M. Donovan                     By: s/ Jeffrey P. Beale
     ------------------                        ---------------------
        President                                  Vice President
                                                   and not individually






                         THE WRIGHT MANAGED EQUITY TRUST

                                   SCHEDULE B


                                                                  FEE STRUCTURE


                                                                                         

                                                              FUND                             CLASS
                                                     Under             Over            Under            Over
                                                 $100 Million      $100 Million    $100 Million     $100 Million
                                                 ------------      ------------    ------------     ------------


Effective December 20, 2002

Wright Selected Blue Chip Equities Fund               0.10%            0.06%
      Standard Shares                                                                 0.02%            0.01%
Wright International Blue Chip Equities Fund          0.15%            0.06%
      Standard Shares                                                                 0.02%            0.01%
      Institutional Shares                                                            0.02%            0.01%
Wright Major Blue Chip Equities Fund                  0.10%            0.06%
      Standard Shares                                                                 0.02%            0.01%