AGREEMENT

THIS AGREEMENT ("Agreement") made as of November 15, 1999, is by and between VAN
KAMPEN ASSET MANAGEMENT INC., a Delaware corporation ("Adviser") and ALLIANZ
LIFE INSURANCE COMPANY OF NORTH AMERICA, a Minnesota corporation ("COMPANY").


                                   WITNESSETH:

WHEREAS, each of the investment companies listed on SCHEDULE ONE hereto
("SCHEDULE ONE," as the same may be amended from time to time), is registered as
an open-end management investment company under the Investment Company Act of
1940, as amended (the "Act") (such investment companies are hereinafter
collectively called the "Funds," or each a "Fund"); and

WHEREAS, each of the Funds is available as an investment vehicle for COMPANY for
its separate account to fund certain variable life insurance policies and/or
variable annuity contracts identified on SCHEDULE TWO hereto ("SCHEDULE TWO," as
the same may be amended from time to time) (the "Contracts"); and

WHEREAS, COMPANY has entered into a participation agreement dated [DATE], among
COMPANY, Adviser, Van Kampen Funds Inc. ("Underwriter"), and the Funds (the
"Participation Agreement," as the same may be amended from time to time); and

WHEREAS, Adviser provides, among other things, investment advisory and/or
administrative services to the Funds; and

WHEREAS, Adviser desires COMPANY to provide the administrative services
specified in the attached EXHIBIT A ("Administrative Services"), in connection
with the Contracts for the benefit of persons who maintain their ownership
interests in the separate account, whose interests are included in the master
account ("Master Account") referred to in paragraph 1 of EXHIBIT A
("Shareholders"), and COMPANY is willing and able to provide such Administrative
Services on the terms and conditions hereinafter set forth;

NOW, THEREFORE, in consideration of the premises and mutual covenants
hereinafter contained, each party hereto severally agrees as follows:


1.   COMPANY agrees to perform the Administrative Services specified in EXHIBIT
     A hereto for the benefit of the Shareholders.

2.   COMPANY represents and agrees that it will maintain and preserve all
     records as required by law to be maintained and preserved in connection
     with providing the Administrative Services, and will otherwise comply with
     all laws, rules and regulations applicable to the Administrative Services.
<PAGE>
3.   COMPANY agrees to provide copies of all the historical records relating to
     transactions between the Funds and Shareholders, and all written
     communications and other related materials regarding the Fund(s) to or from
     such Shareholders, as reasonably requested by Adviser or its
     representatives (which representatives, include, without limitation, its
     auditors, legal counsel or the Underwriter, as the case may be), to enable
     Adviser or its representatives to monitor and review the Administrative
     Services performed by COMPANY, or comply with any request of the board of
     directors, or trustees or general partners (collectively, the "Directors")
     of any Fund, or of a governmental body, self-regulatory organization or
     Shareholder.

     In addition, COMPANY agrees that it will permit Adviser, the Funds or their
     representatives, to have reasonable access to its personnel and records in
     order to facilitate the monitoring of the quality of the Administrative
     Services.

4.   COMPANY may, with the consent of Adviser, contract with or establish
     relationships with other parties for the provision of the Administrative
     Services or other activities of COMPANY required by this Agreement, or the
     Participation Agreement, provided that COMPANY shall be fully responsible
     for the acts and omissions of such other parties.

5.   COMPANY hereby agrees to notify Adviser promptly if for ANY reason it is
     unable to perform fully and promptly any of its obligations under this
     Agreement.

6.   COMPANY hereby represents and covenants that it does not, and will not, own
     or hold or control with power to vote any shares of the Funds which are
     registered in the name of COMPANY or the name of its nominee and which are
     maintained in COMPANY variable annuity or variable life insurance accounts.
     COMPANY represents further that it is not registered as a broker-dealer
     under the Securities Exchange Act of 1934, as amended (the"1934 Act"), and
     it is not required to be so registered, including as a result of entering
     into this Agreement and performing the Administrative Services, and other
     obligations of COMPANY set forth in this Agreement.

7.   The provisions of the Agreement shall in no way limit the authority of
     Adviser, or any Fund or Underwriter to take such action as any of such
     parties may deem appropriate or advisable in connection with all matters
     relating to the operations of any of such Funds and/or sale of its shares.

8.   In consideration of the performance of the Administrative Services by
     COMPANY with respect to the Contracts, beginning on the date hereof and
     during the term of the Participation Agreement, Adviser agrees to pay
     COMPANY an annual fee which shall equal 0.25% (25 basis points) of the
     value of each Fund's assets in the Contracts maintained in the Master
     Account for the Shareholders (excluding all assets invested during the
     guarantee periods available under the Contracts). The determination of
     applicable assets shall be made by averaging assets in applicable Funds as
     of the last Valuation Date (as defined in the prospectus relating to the
     Contracts) of each month falling WITHIN the applicable calendar year. The
     foregoing fee will be paid by Adviser to COMPANY on a calendar year basis,
     and in this regard, payment of such fee will be made by Adviser to COMPANY
     within thirty (30)
<PAGE>
     days following the end of each calendar year.

     Notwithstanding anything in this Agreement or the Participation Agreement
     appearing to the contrary, the payments by Adviser to COMPANY relate solely
     to the performance by COMPANY of the Administrative Services described
     herein only, and do not constitute payment in any manner for services
     provided by COMPANY to COMPANY policy or contract owners, or to any
     separate account organized by COMPANY, or for any investment advisory
     services, or for costs associated with the distribution of any variable
     annuity or variable life insurance contracts.

9.   COMPANY shall indemnify and hold harmless each of the Funds, Adviser and
     Underwriter and each of their respective officers, Directors, employees and
     agents from and against any and all losses, claims, damages, expenses, or
     liabilities that any one or more of them may incur including without
     limitation reasonable attorneys' fees, expenses and costs arising out of or
     related to the performance or non-performance by COMPANY of the
     Administrative Services under this Agreement.

10   This Agreement may be terminated without penalty at ANY time by COMPANY or
     by Adviser as to one or more of the Funds collectively, upon sixty (60)
     days written notice to the other party. Notwithstanding the foregoing, the
     provisions of paragraphs 2, 3, 9 and 11 of this Agreement, shall continue
     in full force and effect after termination of this Agreement.

     This Agreement shall not require COMPANY to preserve any records (in any
     medium or format) relating to this Agreement beyond the time periods
     otherwise required by the laws to which COMPANY or the Funds are subject
     provided that such records shall be offered to the Funds in the event
     COMPANY decides to no longer preserve such records following such time
     periods.

11.  After the date of any termination of this Agreement in accordance with
     paragraph 10 of this Agreement, no fee will be due with respect to any
     amounts in the Contracts first placed in the Master Account for the benefit
     of Shareholders after the date of such termination. However,
     notwithstanding any such termination, Adviser will remain obligated to pay
     COMPANY the fee specified in paragraph 8 of this Agreement, with respect to
     the value of each Fund's average daily net assets maintained in the Master
     Account with respect to the Contracts as of the date of such termination,
     for so long as such amounts are held in the Master Account and COMPANY
     continues to provide the Administrative Services with respect to such
     amounts in conformity with this Agreement. This Agreement, or any provision
     hereof, shall survive termination to the extent necessary for each party to
     perform its obligations with respect to amounts for which a fee continues
     to be due subsequent to such termination.

12.  COMPANY understands and agrees that the obligations of Adviser under this
     Agreement are not binding upon any of the Funds, upon any of their Board
     members or upon any shareholder of any of the Funds.

13.  It is understood and agreed that in performing the services under this
     Agreement COMPANY, acting in its capacity described herein, shall at no
     time be acting as an agent for Adviser, Underwriter or any of the Funds.
     COMPANY agrees, and agrees to cause its agents, not to make any
     representations concerning a Fund except those contained in the
<PAGE>
     Fund's then-current prospectus; in current sales literature furnished by
     the Fund, Adviser or Underwriter to COMPANY; in the then current prospectus
     for a variable annuity contract or variable life insurance policy issued by
     COMPANY or then current sales literature with respect to such variable
     annuity contract or variable life insurance policy, approved by Adviser.

14.  This Agreement, including the provisions set forth herein in paragraph 8,
     may only be amended pursuant to a written instrument signed by the party to
     be charged. This Agreement may not be assigned by a party hereto, by
     operation of law or otherwise, without the prior written consent of the
     other party.

15.  This Agreement shall be governed by the laws of the State of Illinois,
     without giving effect to the principles of conflicts of law of such
     jurisdiction.

16.  This Agreement, including EXHIBIT A and SCHEDULES ONE and TWO, constitutes
     the entire agreement between the parties with respect to the matters dealt
     with herein and supersedes any previous agreements and documents with
     respect to such matters. The parties agree that SCHEDULES ONE and TWO may
     be replaced from time to time with new SCHEDULES ONE or TWO, as
     appropriate, to accurately reflect any changes in the Funds available as
     investment vehicles under the Participation Agreement.


IN WITNESS HEREOF, the parties hereto have executed and delivered this Agreement
as of the date first above written.


ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA


By: /S/ MICHAEL T. WESTERMEYER
    --------------------------
Its:  MICHAEL T. WESTERMEYER
      VICE PRESIDENT CORPORATE
      LEGAL OFFICER AND SECRETARY

VAN KAMPEN ASSET MANAGEMENT INC.


By: /S/ DENNIS J. MCDONNELL
    --------------------------
Its:  Dennis J. McDonnell
      President
<PAGE>

                                  SCHEDULE ONE


INVESTMENT COMPANY NAME:                      FUND NAME(S):

Van Kampen Life Investment Trust              Growth and Income Portfolio
                                              Enterprise Portfolio
<PAGE>

                                  SCHEDULE TWO
                                  ------------

                                LIST OF CONTRACTS




1. Allianz U.S. Allianz Alterity, Form No. L30800.

<PAGE>

                                    EXHIBIT A

Pursuant to the Agreement by and among the parties hereto, COMPANY shall perform
the following Administrative Services:

1.   Maintain separate records for each Shareholder, which records shall reflect
     shares purchased and redeemed for the benefit of the Shareholder and share
     balances held for the benefit of the Shareholder. COMPANY shall maintain
     the Master Account with the transfer agent of the Fund on behalf of
     Shareholders and such Master Account shall be in the name of COMPANY or its
     nominee as the record owner of the shares held for such Shareholders.

2.   For each Fund, disburse or credit to Shareholders all proceeds of
     redemptions of shares of the Fund and all dividends and other distributions
     not reinvested in shares of the Fund or paid to the Separate Account
     holding the Shareholders' interests.

3.   Prepare and transmit to Shareholders periodic account statements showing
     the total number of shares held for the benefit of the Shareholder as of
     the statement closing date (converted to interests in the Separate
     Account), purchases and redemptions of Fund shares for the benefit of the
     Shareholder during the period covered by the statement, and the dividends
     and other distributions paid for the benefit of the Shareholder during the
     statement period (whether paid in cash or reinvested in Fund shares).

4.   Transmit to Shareholders proxy materials and reports and other information
     received by COMPANY from any of the Funds and required to be sent to
     Shareholders under the federal securities laws and, upon request of the
     Fund's transfer agent, transmit to Shareholders material Fund
     communications deemed by the Fund, through its Board of Directors or other
     similar governing body, to be necessary and proper for receipt by all Fund
     beneficial shareholders.

5.   Transmit to the Fund's transfer agent purchase and redemption orders on
     behalf of Shareholders.

6.   Provide to the Funds, or to the transfer agent for any of the Funds, or any
     of the agents designated by any of them, such periodic reports as shall
     reasonably be concluded to be necessary to enable each of the Funds and its
     Underwriter to comply with any applicable State Blue Sky requirements.