GOLDEN AMERICAN                                                MINIMUM GURANTEED
LIFE INSURANCE COMPANY                                ACCUMULATION 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  where 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 is 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 ACCUMULATION BENEFIT

This Rider provides a Minimum  Guaranteed  Accumulation  Benefit ("MGAB") on the
Benefit  Date.  The Benefit Date is shown on the Schedule  Page.  On the Benefit
Date,  if  this  Rider  is in  effect,  the  MGAB  is  added  to the  Contract's
Accumulation Value. Immediately thereafter, this Rider will terminate.

The MGAB is equal to the greater of: (1) the MGAB Base on the Benefit  Date less
the Accumulation Value of the Contract on the Benefit Date and (2) zero.

MGAB BASE

If this Rider is  effective as of the  Contract  Date,  the initial MGAB 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  MGAB Base
shall be equal to the Accumulation Value on the Rider Date. Thereafter, the MGAB
Base is increased by Eligible Premiums paid and Credits thereon,  and reduced by
any Prorata Partial Withdrawal Adjustments, reduced by transfer Adjustments, and
accumulated at the MGAB Rate.

Eligible premium, and any applicable Credits, are premiums added to the Contract
within [2] years after the Rider Date.  Premium paid more than [two] years after
the Rider Date will not be included in the calculation of the MGAB Base.

The MGAB Base is calculated  separately  for the  Accumulation  Value  allocated
between the Special Funds and non-Special  Funds.  The MGAB Base for determining
the MGAB on the Benefit  Date equals the sum of: (1) the lesser of the MGAB Base
allocated to Special Funds and the  Accumulation  Value in Special Funds and (2)
the MGAB Base for non-Special Funds.

MGAB RATE

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

SPECIAL FUNDS

Where used in this Rider the Special  Funds,  if any, are listed on the Schedule
Page. The Company  reserves the right to classify newly  available  divisions as
Special Funds from the date of their  availability to the Owner. The Company may
reclassify  an existing  division as a Special Fund 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.



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PRORATA PARTIAL WITHDRAWAL ADJUSTMENT

The MGAB Base and MGAB Charge Base will be reduced by Prorata Partial Withdrawal
Adjustments  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 MGAB Base or MGAB
Charge  Base (as  appropriate)  immediately  prior to the  withdrawal.  Separate
adjustments will apply to Special and non-Special Funds.

TRANSFER ADJUSTMENT

The MGAB Base and MGAB  Charge  Base will be reduced  for each  transfer  within
[three] years before the Benefit Date.  The Transfer  Adjustment is equal to (1)
divided  by  (2),  multiplied  by  (3),  where:  (1) is the  Accumulation  Value
transferred;  (2) is the Accumulation Value immediately prior to a transfer; and
(3) is the amount of MGAB Base or MGAB Charge Base (as appropriate)  immediately
prior to the transfer. Special adjustments will apply to Special and non-Special
Funds.

APPLYING THE MGAB

On the Benefit Date the MGAB is calculated and added to the Accumulation  Value.
Allocation of the benefit to the divisions of the Variable  Separate  Account is
done proportionately  based on the amount of Accumulation Value invested in each
division  on the  date  the  MGAB  is  applied.  If no  part  of the  Contract's
Accumulation  Value is invested in the Variable Separate Account,  the MGAB will
be allocated to the Liquid Asset Division,  or its successor,  unless  otherwise
directed by you prior to the Benefit Date.  Once the MGAB has been applied,  the
Contract's  Accumulation  Value will reflect the MGAB and it shall be subject to
all  rights  available  to you.  The  benefit  is not  treated as premium in the
determination of any Contract or Rider benefits, and you will receive no Credit.

MGAB WAITING PERIOD

The Waiting Period is the period from the Rider Date to the Benefit Date. During
the Waiting Period,  Rider Charges apply. This Rider may not be cancelled during
the Waiting Period, except as provided in this Rider.

MGAB 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 MGAB Charge 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. No charges will be
deducted after the Benefit Date.

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 MGAB
Charge Base immediately prior to termination.

MGAB CHARGE BASE

The MGAB Charge Base is equal to the initial MGAB Base,  plus Eligible  Premiums
paid,  plus any credits  there on,  reduced by Prorata  Partial  Withdrawal  and
Transfer  Adjustments.  The  MGAB  Charge  Base  is  calculated  separately  for
Accumulation Value allocated to Special Funds and non-Special Funds.



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TRANSFERS

Net transfers  from Special to  non-Special  Funds will reduce the MGAB Base and
MGAB  Charge  Base  allocated  to  Special  Funds on a pro-rata  basis.  If such
transfer  is made more than 3 years  before the  Benefit  Date,  there will be a
corresponding  increase in the MGAB Base and MGAB  Charge  Base for  non-Special
Funds.  The amount of such  increase  will equal the lesser of the  reduction in
MGAB  Base  and  MGAB  Charge  Base  allocated  to  Special  Funds  and  the net
Accumulation Value transferred.

Net transfers from  non-Special  Funds will reduce the MGAB Base and MGAB Charge
Base allocated to the  non-Special  Funds on a prorata basis. If the transfer is
made more than 3 years before the Benefit  Date,  there will be a  corresponding
increase in the MGAB Base and MGAB Charge Base for Special Funds. If applicable,
the  resulting  increase  in the MGAB Base and MGAB  Charge  Base  allocated  to
Special  Funds will equal the  reduction  in the MGAB Base and MGAB  Charge Base
allocated to non-Special Funds, respectively.

CANCELLATION OF RIDER

If an Option to Cancel Date is shown in the schedule,  the Owner may cancel this
Rider on the Cancel  Date.  A written  request to cancel must be received by the
Company in the 30 day period prior to the Cancel Date. Upon cancellation of this
Rider,  no further  charges for this Rider will be deducted and all rights under
this Rider shall cease. No Rider benefits will be paid at cancellation  nor will
Rider  Charges  be  refunded.   The  Company  may  make  available  other  Rider
Cancellation dates.

RIDER TERMINATION

This Rider will terminate immediately upon occurrence of any of the following:
     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;
     3.   If you are 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 cover the MGAB Charge
          deduction.

This  Rider  has no  surrender  value  or  other  non-forfeiture  benefits  upon
termination. Prior to the Benefit Date this Rider does not provide any benefits.

Rider Date: _________________________
(if other than Contract Date)

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