Exhibit 4.14



 Exhibit 4.14 
  
 AEGON 
 EXECUTIVE SHORT TERM INCENTIVE PLAN 
  
 PLAN
RULES 
  

 March 30, 2005 









	1.	Definitions 

  
 Agreement 
  
 means a document containing terms pursuant to the Short Term Incentive Plan, which is duly executed by an authorized representative of the Supervisory
Board and signed by the Participant to indicate his or her acceptance of the terms contained therein. 
  
 Board 
  
 means the Supervisory Board of the Company. 
  
 Bonus 
  
 means the entitlement to a cash payout in accordance with the terms of the Plan and the Agreement. 
  
 Change of Control 
  
 means in relation to the Company, a transaction or series of transactions or
the conclusion of an agreement, that alone or taken together have the effect that as a result thereof a party obtains Control of the Company. 
  
 Committee 
  
 means the Compensation Committee of the Board. 
  
 Company 
  
 AEGON N.V., AEGONplein 50, 2591 TV, The Hague, The Netherlands. 
  

Control 
  
 means the possession of the ability, directly or indirectly, to vote the majority of all outstanding shares on the share capital of the
company or the ability, directly or indirectly, to vote the majority of the members of the Supervisory Board or the Executive Board of the Company. 
  
 Disability or Disabled 
  
 means a Participant who is deemed by the Company, in compliance with any standards operated by the Dutch disability law (“Wet op de
Arbeidsongeschiktheidsverzekering”), to be totally and permanently disabled. 
  
 Eligible Employee 
  
 means a member of the AEGON Executive Board in respect of whom the Board has determined in accordance with Rule 5 of the Plan that said member is eligible to participate in the Plan. 
  
 Participant 
  
 means an Eligible Employee who has accepted such offer through signing the
Agreement. 
  
 Performance Condition 
  
 means any of the performance condition(s), set out in the Agreement.

  
 Plan 
  
 means this Executive Short Term Incentive Plan, as it may be amended from
time to time. 
  
 Plan Year 
  
 means the period beginning on January 1 and ending December 31; or in the
event the Plan is terminated ending on the termination date, if this is earlier. 
  
 Retirement 
  
 means the retirement of a Participant under a pension plan of the Company as it shall be in place from time to time. 
  
 Sale 
  
 means a sale of all or substantially all Shares of the assets of the Company and its subsidiaries. 
  


			
	2	 	March 30, 2005









 Target Bonus 
  
 The Target Bonus expresses the amount used as reference in the calculation of the Bonus payable by the Company to the
Participant in any Plan Year upon attainment of the target performance reflected in the Agreement. 
  

	2.	Interpretation 

  
 Words or expressions used in the Plan shall where appropriate: 
  

	 	i.	when referring to the masculine gender include the feminine and vice versa; 

  

	 	ii.	when referring to the singular include the plural and vice versa; 

  

	 	iii.	be construed such that the headings and sub-headings are for ease of reference only, and do not affect the interpretation of any Plan Rule; 

  

	 	iv.	when referring to any enactment or terms under Dutch law be extended by the Board to other applicable laws or terms of any other country (or region of a country);


  

	 	v.	when referring to tax and/or social security contributions and/or withholding taxes include any tax, social security contribution or withholding tax that is levied or withheld in
the Netherlands or any other jurisdiction. 

  

	3.	Purpose of the Plan 

  
 The purpose of the Executive Short Term Incentive Plan is to attract, retain and reward Participants who lead the continued growth, development and
financial success of the company. More in particular, the Plan aims to reward the Eligible Employees for achieving pre-set targets. The targets are set annually with a view to ensuring that business priorities are followed. 
  

	4.	Plan management 

  

	4.1	The Board 

  
 The Plan exists at the discretion of the Board. The Board, upon recommendation of the Committee, shall approve the Plan, its Participants, and the terms
of the Plan and the Agreement. The Board at its sole discretion may alter the terms of the Plan and the Agreement, without prejudice to the rights of the General Meeting of Shareholders to approve the remuneration policy and any material changes
thereto. 
  

	4.2	The Compensation Committee 

  
 The Committee advises the Board on the contents of the Plan and the Agreement. The Committee will advise the Board on all questions of interpretation and
application, in accordance with the charter of the Committee as adopted by the Board, and as amended from time to time. The Committee shall also recommend to the Board the Target Bonus level for each Participant. 
  

	5.	Eligibility and participation 

  

	5.1	At the beginning of any Plan Year, the Board shall determine which members of the Executive Board shall be eligible to participate in the Plan. The Board may decide that
persons elected to the Executive Board during a Plan Year shall be (fully or partially) eligible to participate in the Plan. 

  

	5.2	The decision to make members of the Executive Board eligible to participate in the Plan is at the sole and complete discretion of the Board, provided however that in making its
decision the Board shall adhere to the principles as outlined in the Remuneration Policy. 

  

	5.3	Participation in a Plan Year does not create a claim to Participation in the Plan in any other year. 

  


			
	3	 	March 30, 2005










	6.	Agreement 

  
 Participation in the Plan shall be evidenced by an Agreement duly executed by an authorized representative of the Board and signed by the Participant to
indicate his acceptance of the terms of the Plan and the Agreement in a Plan Year. The Agreement shall include the Target Bonus and the terms influencing payout under the Plan. A standard format for the Short Term Incentive Agreement is attached to
this Plan. 
  

	7.	Entitlement to Bonus pay-out 

  

	7.1	Short Term Incentive Bonus payouts are determined in accordance with and subject to the terms of the Agreement and the Plan. 

  

	7.2	The Board in its sole discretion will determine the actual entitlement to a Bonus, taking into account considerations such as time passed and performance targets attained, if any of
the following situations occurs: 

  

	 	7.2.1	the occurrence of a Sale; or 

  

	 	7.2.2	the occurrence of a Change of Control; or 

  

	 	7.2.3	the passing of an effective resolution or the making of an order by the Court, for the winding-up of the Company; or 

  

	 	7.2.4	in case the Participant ceases to be employed with the Company or any of its group companies for any of the following reasons: 

  

	 	7.2.4.1	involuntary termination of employment by the Company, not resulting from any act as described in article 10 of the Plan; or 

  

	 	7.2.4.2	voluntary termination of employment by the executive for “good reason”, i.e. due to a substantial reduction of the executive’s duties and responsibilities, a decrease
in remuneration, or forced relocation of the executive’s workplace; or 

  

	 	7.2.4.3	termination of employment due to death, Retirement, Disability, or sickness. 

  

	 	7.2.5	in case the Participant has taken on a different position within the Company or any of its group companies; or 

  

	8.	Pay-out 

  
 The Bonus will be paid out in accordance with the terms of the Plan and the Agreement. The amount will be remitted into the Participant’s bank
account that is used for salary payments to the relevant Participant, and shall be payable within 30 days after publication of the AEGON Embedded Value report in the subsequent year after the Plan Year. 
  

	9.	Withholding 

  
 The Company shall be obligated to withhold, and the Participant shall be obliged to remit, any tax and/or social security liabilities or other
contributions, attributable to or payable in connection with the Short Term Incentive Bonus. 
  

	10.	Lapse of Bonus Entitlements 

  
 Bonus entitlements shall lapse immediately upon the date on which a Participant commits any act, which may be considered contrary to the interests of the
Company, or in violation of the law. Any act, which entails a misstatement of the Company’s results, qualifies as an act contrary to the interests of the Company. 
  
  


			
	4	 	March 30, 2005










	11.	General 

  

	11.1	Participants will receive timely written notice of any amendment to the Plan. 

  


	11.2	Save as otherwise provided in the Plan any notice or communication to be given by the Company to the Participant may be personally delivered or sent by fax or by ordinary mail to
his last known address. All communications sent by mail will be sent at the risk of the Participant and the Company shall have no liability to any such person in respect of any notification, document, Share certificate or other communication so
given, sent or made. 

  

	11.3	Any notice to be given to the Company shall be faxed, delivered or sent to the Company at its registered office and shall be effective upon receipt. All communications sent by mail
will be sent at the risk of the Participant and the Company shall have no liability to any such communication so given, sent or made. 

  

	11.4	All matters relating to this Plan will be governed by the laws of The Netherlands without regard to the principles of conflict of laws. 

  


			
	5	 	March 30, 2005