Exhibit 10.20 (i3)



                             AMENDMENT

                                TO

                        SERVICES AGREEMENT

     The Amendment to Services  Agreement  ("Amendment")  is entered into by and
among  Americo  Life,  Inc.,  a  Missouri  corporation  ("ALI"),  The Ohio  Life
Insurance  Company,  and Ohio corporation  ("Ohio Life"),  and the Ohio Casualty
Insurance Company,  an Ohio corporation  ("Ohio  Casualty").  Ohio Life and Ohio
Casualty sometimes are collectively referred to herein as "Ohio."

     WITNESSETH:

     WHEREAS,  ALI and Ohio originally  entered into the Services Agreement (the
"Services Agreement") on October 2, 1995; and

     WHEREAS,  ALI and  Ohio  now  desire  to amend  certain  provisions  of the
Services Agreement, as provided in this Amendment;

     NOW, THEREFORE,  for and in consideration of the foregoing recitals,  which
are  incorporated  into the operative  provisions of this Amendment,  the mutual
covenants  and  agreements  contained  herein,  and for other good and  valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto covenant and agree as follows:

     1.   Modification of Serviced Business

     (A) A portion  of the  Serviced  Business  (as that term is  defined in the
Services  Agreement  relates to deferred  compensation  established  by Ohio for
certain  agents (the  "Deferred  Comp  Program").  The accounts  comprising  the
Deferred Comp Program are identified on Exhibit 1, which is attached  hereto and
incorporated herein by this reference (the "Deferred Comp Program Accounts").

Notwithstanding  any provisions of this Amendment and/or the Services  Agreement
to the contrary:

         i.       ALI shall be wholly and solely  responsible  for servicing and
                  administering the Deferred Comp Program Accounts from April 1,
                  1997 until the closing  contemplated by the Global  Settlement
                  Agreement  between  ALI  and  Ohio,  among  others  (the  "GSA
                  Closing"), and ALI shall be liable to Ohio and/or the Deferred
                  Comp Program  Account  beneficiaries,  as the case may be, for
                  any errors  committed  or  omissions  made by ALI in rendering
                  such services;

         ii.      Ohio shall be wholly and solely  responsible for servicing and
                  administering  the  Deferred  Comp Program  Accounts  from and
                  after the GSA  Closing,  and shall be liable to ALI and/or the
                  Deferred Comp Program Account  beneficiaries,  as the case may
                  be,  for any errors  committed  or  omissions  made by Ohio in
                  rendering such services; and

         iii.     Ohio shall be wholly and  solely  responsible  for any and all
                  benefits  payable under the Deferred Comp Program  Accounts to
                  the Deferred Comp Program Account beneficiaries from and after
                  April 1, 1997.

     (B)          i.  Ohio  administered  and  serviced  certain  pension  plans
                  identified  on  Exhibit  2,  which  is  attached   hereto  and
                  incorporated  herein by this reference (the "Pension  Plans").
                  Effective October 2, 1995, the Pension Plans shall be Serviced
                  Business,  as that term is defined in and for all  purposes of
                  the Services Agreement.

         ii.       Ohio and ALI recognize that certain  problems exist with
                  respect to the  administration and servicing  prior to October
                  2, 1995 of the Mearhoff and Hartz pension  plans,  which are
                  included  in the  Pension  Plans.  As of April 1,  1997,  the
                  Mearhoff  and  Hartz pension   plans  shall  cease  to  be
                  Pension   Plans,   and  Ohio  shall  assume  sole
                  responsibility  for the  administration  and servicing of the
                  Mearhoff and Hartz pension plans.  However,  the assets
                  comprising  the  Mearhoff  and Hartz  pension  plans shall
                  remain in the  possession  of ALI, at all times being held,
                  invested,  distributed  and otherwise  utilized  for the sole
                  benefit of such plans.  Ohio shall  attempt to resolve these
                  problems  and in doing so,  Ohio  shall be solely  responsible
                  for all costs and expenses,   including  any  penalties  and
                  fines,   associated   with  resolving  these problems.  Ohio
                  shall also  administer  and service the Mearhoff and Hartz
                  pension plans in their  ordinary  course of business,
                  utilizing  the funds held by ALI.  Concurrently with the
                  execution of this  Amendment,  ALI shall  transfer to Ohio
                  all  documents  and records,  including  electronic  data,
                  in the  possession  or under the  control of ALI which are
                  necessary,  desirable or  appropriate  for Ohio to administer
                  and service the Mearhoff and Hartz plans.

         iii.     When the  problems  associated  with the  Mearhoff  and  Hartz
                  pension  plans have been  resolved to the  reasonable,  mutual
                  satisfaction  of Ohio and ALI,  Ohio shall cease (with written
                  notice  to  ALI)  its  administration  and  servicing  of  the
                  Mearhoff  and Hartz  pension  plans and the Mearhoff and Hartz
                  pension  plans again  shall be deemed to be Serviced  Business
                  for a purposes under the Services Agreement from and after the
                  date of tender to ALI.

         iv.      Except  only  for the  Mearhoff  and  Hartz  pension  plans as
                  provided  for  above,  Ohio shall be  relieved  of any and all
                  administration,    servicing   and   other   liabilities   and
                  responsibilities of any kind or type whatsoever related to the
                  Pension  Plans  arising  after and  pertaining  to the  period
                  October 2, 1995.

     2.  Modifications  to  Servicing.   ALI  shall  use  its  best  efforts  to
immediately cure all existing  servicing  deficiencies  related to policyholders
and structured settlement beneficiaries, as identified specifically by Ohio in a
letter from Richard B. Kelly to Donna  Kinnaird and Gary Jenkins  dated  October
31, 1997.

     Additionally,  all  communications  from ALI with  respect to the  Serviced
Business shall reflect  consistently  and clearly ALI's role in the servicing of
such business.  ALI shall not represent to policyholders that it is Ohio Life or
Ohio  Casualty,  and ALI shall answer  telephone  calls  related to the Serviced
Business as "Insurance Companies," rather than "Ohio Life." ALI shall also cease
using  Ohio Life  stationery  and other  printed  materials,  except  only where
required to do so by applicable state law.

     On or before  June 30,  1998,  ALI shall  cease  using  the  existing  Ohio
telephone number  (1-800-456-Ohio) with respect to the Serviced Business,  shall
transfer all rights in and to that telephone number of Ohio Casualty.

     3. No other Revisions. Except only as provided in this Amendment, all terms
and conditions of the Services Agreement remain in full force and effect.

     IN WITNESS  WHEREOF,  the parties have caused this Amendment to be executed
by their  respective  officers duly  authorized  by all requisite  corporate and
other actions and other actions and approval, as of November 17, 1997.



                     AMERICO LIFE, INC.

                     By
                     --------------------------------------------------------

                     Name      Gary L. Jenkins
                     ----------------------------------------------

                     Title     Senior Vice Pres. & Chief Financial Officer
                     ----------------------------------------------

                     THE OHIO LIFE INSURANCE COMPANY

                     By
                     --------------------------------------------------------

                     Name      Lauren N. Patch
                     ----------------------------------------------

                     Title     Vice Chairman and President
                     ----------------------------------------------


                     THE OHIO CASUALTY INSURANCE COMPANY

                     By
                     --------------------------------------------------------

                     Name      Lauren N. Patch
                     ----------------------------------------------

                     Title     Vice Chairman and President
                     ----------------------------------------------