GOLDEN AMERICAN                                                MINIMUM GURANTEED
LIFE INSURANCE COMPANY                                      INCOME BENEFIT RIDER

Golden American is a stock company domiciled in Delaware.
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                     GOLDEN AMERICAN LIFE INSURANCE COMPANY
                      (HEREINAFTER CALLED WE, US AND OUR)

The  Contract  to which  this  Rider  is  attached  is  hereby  modified  by the
provisions  of this  Rider.  This  Rider's  provisions  control  when there is a
conflict between this Rider and the Contract.

Where used in this Rider the term  Contract  shall  mean  Certificate  when this
Rider is attached  to a  Certificate.  This Rider  becomes  effective  as of the
Contract Date unless a different date, the Rider Date, is stated below. The term
Credit is as defined in the  Contract.  If not defined in the  Contract to which
this Rider is attached, the Credit shall be zero.

MINIMUM GUARANTEED INCOME BENEFIT

This Rider  provides an option to take the  Minimum  Guaranteed  Income  Benefit
("MGIB") instead of the annuity benefits payable under the Contract. This option
may only be exercised at specified times, Exercise Dates, as described below and
on the Schedule Page. This Rider has no cash surrender value.

MGIB provides a minimum periodic income.  MGIB will be paid monthly,  unless you
elect to receive it less frequently. You can elect to receive MGIB on a monthly,
quarterly,  semi-annual,  or annual  basis.  Payments  may be subject to company
minimums.

To elect to  receive  the MGIB,  you must  provide us a written  election.  Such
election  must be received  by us within the 30 days prior to an Exercise  Date.
Your election will become effective as of the Exercise Date following receipt of
your  request.  Exercise  Dates are shown on the Schedule  Page. On the Exercise
Date that you elect to begin receiving the MGIB, the Contract terminates, and no
other  benefits under the Contract are payable.  If the Contract  terminates for
any other reason, this Rider terminates and provides no benefits.

MGIB is determined as follows:

1)   The MGIB Benefit Base on the Exercise Date less any  surrender  charges and
     premium tax and after any market value adjustments, is multiplied by;
2)   The applicable MGIB Income Factor on the Exercise Date.

The MGIB Benefit Base for  determining  the MGIB on the Exercise Date equals the
sum of (1) the  Accumulation  Value in  Special  Funds and (2) the MGIB Base for
non-Special Funds.

MGIB BASE

If this Rider is  effective as of the  Contract  Date,  the initial MGIB Base is
equal to the initial  premium  paid for the Contract  plus any credits.  If this
Rider is added to a Contract  after the  Contract  Date,  the initial  MGIB Base
shall be equal to the Accumulation Value on the Rider Date. Thereafter, the MGIB
Base is  increased  by Eligible  Premiums,  and Credits  thereon  reduced by any
Prorata  Partial  Withdrawal  Adjustments  and  accumulated  for the calculation
period at the MGIB Rate. Eligible Premiums are defined in the Schedule Page. The
MGIB Base is calculated separately for Special Funds and non-Special Funds.

MGIB RATE

The MGIB Rate is equal to the rate stated on the Schedule Page for this Rider.

On the earlier of: (1) the Contract  Anniversary  on which the Owner's  attained
age equals the MGIB maximum age stated in the Schedule, or (2) the date the MGIB
Base is equal to or would  exceed the Maximum  MGIB Base,  the MGIB Rate will be
set to [zero.]

SPECIAL FUNDS

Where used in this Rider the Special  Funds,  if any, are listed on the Schedule
Page.  We reserve the right to classify  newly  available  divisions  as Special
Funds from the date of  availability  to the Owner.  We may also  reclassify  an



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existing   division  as  Special   Funds  or  remove  such   designation.   Such
reclassification  shall be made with 30 days notice to Contract Owners, and will
apply to amounts  transferred or otherwise added to such division after the date
of change.

PRORATA PARTIAL WITHDRAWAL ADJUSTMENT

The MGIB Base will be reduced by a Prorata  Partial  Withdrawal  Adjustment each
time a partial withdrawal is made. The Prorata Partial Withdrawal  Adjustment is
equal to (1) divided by (2),  multiplied by (3), where:  (1) is the Accumulation
Value withdrawn;  (2) is the Accumulation Value immediately prior to withdrawal;
and (3) is the amount of MGIB Base immediately prior to the withdrawal. Separate
adjustments will apply to Special and non-Special Funds.

TRANSFERS

Net  transfers  from  Special to  non-Special  Funds  will  reduce the MGIB Base
allocated to Special Funds on a pro-rata  basis.  There will be a  corresponding
increase in the MGIB Base for  non-Special  Funds.  The amount of such  increase
will equal the lesser of the  reduction in MGIB Base  allocated to Special Funds
and the net Accumulation Value transferred.

Net transfers from non-Special  Funds will reduce the MGIB Base allocated to the
non-Special Funds on a prorata basis. There will be a corresponding  increase in
the MGIB  Base for  Special  Funds.  The  resulting  increase  in the MGIB  Base
allocated to Special Funds will equal the  reduction in the MGIB Base  allocated
to non-Special Funds.

MAXIMUM MGIB BASE

The Maximum MGIB Base is shown or defined on the Schedule  Page. Any addition to
the Accumulation  Value due to spousal  continuation  will have no effect on the
MGIB  Base or the  Maximum  MGIB  Base.  The  Maximum  MGIB  Base is  calculated
separately for Special Funds and non-Special  Funds.  Transfers  between Special
Funds and  non-Special  Funds  will  affect the  Maximum  MGIB Base on a prorata
basis.

MGIB CHARGES

Charges for this Rider will be deducted from the Contract's  Accumulation Value.
The rate and frequency of deduction of charges are stated on the Schedule  Page.
Deduction  dates are measured from the Contract Date. The charge is a percentage
of the total MGIB Base as of the deduction  date. It is deducted in arrears from
the portion of Accumulation  Value allocated to the Variable Separate Account in
proportion to the Accumulation Value in each division.  If there is insufficient
Accumulation  Value in the separate  account,  charges will be deducted from the
Fixed  Division  nearest  maturity.  An MVA adjustment may be applied to charges
deducted  from the Fixed  Division.  We may charge  less than the  maximum.  The
maximum charge is stated on the Schedule Page.

If the  Contract  to which the Rider is  attached is  terminated  by  surrender,
cancellation or application of the Contract's  value to an Income  Benefit,  the
Rider charge for the current period will be deducted from the Accumulation Value
prior to termination of the Contract.  Charges will be calculated using the MGIB
Charge Base immediately prior to termination.

RIDER TERMINATION

This Rider will terminate immediately under any of the following circumstances:
1.   If the Contract to which this Rider is attached terminates;
2.   If you die, unless the Contract is continued on the life of your spouse, in
     which case the Rider will continue with your surviving spouse as Owner; or,
3.   If the Owner is not a natural person and the Annuitant dies.
4.   If the Ownership of this  Contract  changes and the new Owner is other than
     the spouse of the previous Owner.
5.   If the Accumulation Value is insufficient to pay the MGIB Charge deduction.

PREMIUM TAX

Any  premium  taxes paid by us relating to  premiums  for the  Contract  will be
deducted  from the MGIB  Benefit  Base prior to  determining  the amount of MGIB
payable.



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NOTIFICATION

The  Company  will  notify  the Owner 30 days prior to an  Exercise  Date of the
Owner's options on that Exercise Date.

MGIB INCOME FACTORS

MGIB Income Factors are calculated  using interest at a rate of [2.5%] per annum
and, where  applicable,  the [Annuity 2000] Mortality  Table [with  improvements
based  on  Projection  Scale  G].  The  following  are the MGIB  Income  Options
available:

1)    Income for Life (Single Life or Joint with 100% Survivor) with 10-30 Years
      Certain;
2)    Years Certain Income for 20-30 Years Certain.
3)    Any other Income Plan offered by the Company in connection  with the Rider
      on the Exercise Date.

Monthly Income  Factors for certain ages are shown below.  Factors shown are per
$1000 of Rider proceeds  applied to the Income Option.  Income Factors for other
ages and/or payment frequencies are available upon request.

Income  Payments made under Option 1 will be paid for a minimum period  (Certain
period)  and for the life of the payee after the  Certain  period.  If the payee
dies during the Certain  period,  payments  will  continue  until the end of the
Certain period, but will be paid to the Beneficiary.

Income  Factors  for Option 1 vary by sex and  attained  Age of the payee on the
Exercise Date that MGIB begins.

                            TABLE OF INCOME FOR LIFE

                                                                       YEARS
         MALE/FEMALE                 MALE/FEMALE                      CERTAIN
AGE     10 YEAR CERTAIN            20 YEAR CERTAIN         YEARS      INCOME

[50        3.56/3.33                  3.49/3.29              20        5.27
 55        3.91/3.63                  3.78/3.56              21        5.08
 60        4.37/4.02                  4.12/3.89              22        4.90
 65        4.96/4.54                  4.47/4.27              23        4/74
 70        5.71/5.24                  4.81/4.66              24        4.60
 75        6.59/6.13                  5.06/4.98              25        4.46
 80        7.52/7.18                  5.21/5.18              26        4.34
 85        8.35/8.17                  5.26/5.26              27        4.22
 90        8.94/8.87                  5.27/5.27              28        4.12
                                                             29        4.02
                                                             30        3.93]



This  Rider  has no  surrender  value  or  other  non-forfeiture  benefits  upon
termination. This Rider may not be cancelled unless the Contract is terminated.


Rider Date: _________________________
(if other than Contract Date)

Signed:    /s/Barnett Chernow
              ---------------
              Barnett Chernow