Exhibit 10(l)

                       SINGLE PAYMENT NOTE

$10,000,000                                  As of July 31, 1999

     For value received, the Obligor promises to pay to the order
of SunTrust Bank, Atlanta (the "Bank"), on July 31, 2000, or at
such earlier date as hereinafter provided, the principal sum of

                TEN MILLION DOLLARS ($10,000,000)

or such lesser amount of loans as may from time to time, at the
Bank's sole discretion, be advanced or, upon repayment, readvanced
by the Bank hereunder together with interest from the date hereof
on the unpaid principal balance at such annual rate or rates of
interest as shall be computed and paid in accordance with the
terms and conditions hereinafter set forth.
     This note evidences the obligation of the Obligor to repay,
with interest, any and all present and future indebtedness of the
Obligor for loans at any time hereafter made or extended by the
Bank hereunder up to the aggregate principal amount of $10,000,000
at any time outstanding.  The payment of any indebtedness
evidenced by this note shall not affect the enforceability of this
note as to any future, different or other indebtedness evidenced
hereby.
     The Obligor acknowledges and agrees that Southland Life
Insurance Company ("Southland"), Life Insurance Company of Georgia
("LICG"), ING America Life Corporation ("America Life"), Security
Life of Denver Insurance Company ("Security Life"), First
Columbine Life Insurance Company (hereinafter "Columbine"),
Midwestern United Life Insurance Company ("Midwestern"), First ING
Life Insurance Company of New York ("First ING New York"), United
Life and Annuity Insurance Company ("United Life"), Ameribest Life
Insurance Company, ("Ameribest"), Equitable Life Insurance Company
of Iowa ("Equitable Life"), USG Annuity and Life Insurance Company
("USG"), Golden American Life Insurance Company ("Golden
American"), Equitable American Insurance Company ("Equitable
American"), Locust Street Securities, Inc. ("Locust Street"),
Equitable of Iowa Companies, Inc. ("Equitable of Iowa"), and the
Obligor are all direct or indirect subsidiaries of ING America
Insurance Holdings, Inc. ("America Holdings") or ING Insurance
International B.V. ("ING International").  On the date that this
note is being executed, LICG, Security Life, America Life,
Southland, Equitable Life, USG, and America Holdings are executing
separate notes to the Bank in the maximum principal amount of
$100,000,000 each; Golden American, Columbine and United Life are
executing separate notes to the Bank in the maximum principal
amount of $75,000,000 each; Equitable of Iowa is executing a
separate note to the Bank in the maximum principal amount of
$50,000,000; First ING New York, Locust Street and Ameribest are
executing separate notes to the Bank in the maximum principal
amount of $10,000,000 each; Midwestern is executing a separate
note to the Bank in the maximum principal amount of $30,000,000;
and Equitable American is executing a separate note to the Bank in
the maximum principal amount of $25,000,000, each of which notes
are substantially similar to this note (the "Affiliate Notes").
Obligor agrees that the aggregate unpaid principal balance from
time to time outstanding on this note plus the aggregate unpaid
principal balance from time to time outstanding on the Affiliate
Notes will at no time exceed $150,000,000.  Obligor will not
request any disbursement of principal under this note if, after
such disbursement, the unpaid principal balance of this note plus
the aggregate unpaid principal of the Affiliate Notes will exceed
$150,000,000.
     If the Obligor desires a disbursement of principal hereunder
(an "Advance") the Obligor shall give the Bank written or
telephonic notice of the amount of such Advance and the period of
time from one (1) day to thirty (30) days that such Advance shall
be outstanding (the "Interest Period"), provided, however, (a) if
any Interest Period would otherwise end on a day which is not a
day on which the Bank and commercial banks in New York, New York,
are open for business (a "Business Day"), that Interest Period
shall be extended through the next succeeding day which is a
Business Day, and (b) no Interest Period shall extend beyond the
maturity date of this note.  Such written or telephonic notice
with respect to the amount of an Advance and the Interest Period
to be applicable thereto shall be given to the Bank by the Obligor
before one o'clock p.m. Atlanta time, on the first Business Day of
the applicable Interest Period.  All telephonic notices shall be
promptly confirmed in writing.
     The Obligor shall pay interest upon each Advance from the
date of disbursement through the last day of the applicable
Interest Period (including the date of disbursement but excluding
the date of repayment) at a rate per annum, calculated on the
basis of a 360 day year and upon the actual number of days
elapsed, equal to either of the following rates of interest as
selected by the Obligor:  (1) the per annum rate of interest equal
to the cost of funds of Bank for the Interest Period applicable to
such Advance for amounts substantially similar to the amount of
such Advance plus .25% all as determined by Bank in accordance
with its usual practices in determining its cost of funds (the
"Cost of Funds Rate") or (2) a per annum rate of interest that
would be applicable to the requested Advance as quoted by the Bank
to the Obligor (the "Quoted Rate").  Unpaid interest accruing at
either of such rates will be due and payable on the last Business
Day of the applicable Interest Period.  The Bank will advise the
Obligor of the Cost of Funds Rate and the Quoted Rate that will be
applicable to a requested Advance before 1:30 p.m. Atlanta time on
the Business Day that the Bank receives a request for an Advance
from the Obligor.  The Obligor will advise the Bank as to whether
the Obligor has selected the Cost of Funds Rate or the Quoted Rate
before 2:00 p.m. Atlanta time on the Business Day that the Bank
receives a request for an Advance from the Obligor.  Any
telephonic selection of interest rates by the Obligor will
promptly be confirmed in writing.  The Bank will promptly disburse
the amount of an Advance to the Obligor upon receiving notice of
the Obligor's interest rate selection.  Unpaid interest accruing
at such interest rate will be due and payable on the last Business
Day of the applicable Interest Period.

    The Obligor shall repay the entire outstanding principal
balance of each Advance on the last Business Day of the Interest
Period applicable thereto.
     The Obligor may on any Business Day renew an outstanding
Advance into an Advance with the same or different Interest
Period, provided that the Bank must be advised of the Obligor's
election to renew the Advance and the Interest Period applicable
to such renewal before one o'clock p.m. on the last Business Day
of the then current Interest Period.  The interest rate to be
applicable to the renewal of any Advance shall be selected in the
same manner that the interest rate is selected at the time an
Advance is made.  Any such renewal shall be at the Bank's sole
discretion.
     If no Interest Period has been elected for any Advance or for
any principal balance outstanding hereunder, or if such election
shall not be timely, then the Interest Period with respect thereto
shall be deemed to be one day and the applicable interest rate
shall be the Cost of Funds Rate.
     No prepayment of any Advance shall be permissible during the
Interest Period applicable thereto.
     Should the Obligor fail for any reason to pay this note in
full on the maturity date or on the date of acceleration of
payment, the Obligor further promises to pay interest on the
unpaid amount from such date until the date of final payment at a
Default Rate equal to the Prime Rate plus 4%.  Should legal action
or an attorney at law be utilized to collect any amount due
hereunder, the Obligor further promises to pay all costs of
collection, plus reasonable attorney's fees.  All amounts due
hereunder may be paid at any office of Bank.  The principal
balance of this note shall conclusively be deemed to be the unpaid
principal balance appearing on the Bank's records unless such
records are manifestly in error.
     As security for the payment of this and any other liability
of the Obligor to the holder, direct or contingent, irrespective
of the nature of such liability or the time it arises, the Obligor
hereby grants a security interest to the holder in all property of
the Obligor in or coming into the possession, control or custody
of the holder, or in which the holder has or hereafter acquires a
lien, security interest, or other right.  Upon default, holder
may, without notice, immediately take possession of and then sell
or otherwise dispose of the collateral, signing any necessary
documents as Obligor's attorney in fact, and apply the proceeds
against any liability of Obligor to holder.  Upon demand, the
Obligor will furnish such additional collateral, and execute any
appropriate documents related thereto, deemed necessary by the
holder for its security.  The Obligor further authorizes the
holder, without notice, to set-off any deposit or account and
apply any indebtedness due or to become due from the holder to the
Obligor in satisfaction of any liability described in this
paragraph, whether or not matured.  The holder may, without
notice, transfer or register any property constituting security
for this note into its or its nominee name with or without any
indication of its security interest therein.

     This note shall immediately mature and become due and
payable, without notice or demand, upon the appointment of a
receiver for the Obligor or upon the filing of any petition or the
commencement of any proceeding by the Obligor for relief under any
bankruptcy or insolvency laws, or any law relating to the relief
of debtors, readjustment of indebtedness, debtor reorganization,
or composition or extension of debt.  Furthermore, this note
shall, at the option of the holder, immediately mature and become
due and payable, without notice or demand, upon the happening of
any one or more of the following events; (1)  nonpayment on the
due date of any amount due hereunder; (2)  failure of the Obligor
to perform any other material obligation to the holder; (3)  if
the Obligor shall fail to make any payment as and when such
payment is due upon any obligation for borrowed money other than
the obligation owing pursuant to this Note, and by reason thereof
such obligation becomes due prior to its stated maturity or prior
to its regularly scheduled dates of payment; (4)  a reasonable
belief on the part of the holder that the Obligor is unable to pay
its obligations when due or is otherwise insolvent; (5) the filing
of any petition or the commencement of any proceeding against the
Obligor for relief under bankruptcy or insolvency laws, or any law
relating to the relief of debtors, readjustment of indebtedness,
debtor reorganization, or composition or extension of debt, which
petition or proceeding is not dismissed within 60 days of the date
of filing thereof; (6)  the suspension of the transaction of the
usual business of the Obligor, or the dissolution, liquidation or
transfer to another party of a significant portion of the assets
of the Obligor and any such action shall have a material adverse
effect on the ability of the Obligor to repay the unpaid principal
balance hereof; (7)  a reasonable belief on the part of the holder
that the Obligor has made a representation or warranty in
connection with any loan by or other transaction with the holder
and such representation or warranty was false in any material
respect; (8)  the issuance or filing of any levy, attachment,
garnishment, or lien against the property of the Obligor which
shall remain unpaid or undischarged for a period of thirty (30)
days and such failure to pay shall have a material adverse effect
on the ability of the Obligor to repay the unpaid principal
balance hereof; (9)  the failure of the Obligor to satisfy any
judgment, penalty or fine imposed by a court or administrative
agency of any government and such judgment, penalty, or fine shall
remain unpaid, unstayed on appeal, undischarged or undismissed for
a period of thirty (30) days; (10)  failure of the Obligor, after
demand, to furnish financial information or to permit inspection
of any books or records during Obligor's normal business hours;
(11)  Golden American shall no longer own 100% of the outstanding
voting stock of the Obligor; or (12)  the Obligor shall fail to
maintain the minimum level of Company Action Level Risk Based
Capital as established by applicable state law or regulation.
     The failure or forbearance of the holder to exercise any
right hereunder, or otherwise granted by law or another agreement,
shall not affect or release the liability of the Obligor, and
shall not constitute a waiver of such right unless so stated by
the holder in writing.  The Obligor agrees that the holder shall
have no responsibility for the collection or protection of any
property securing this note, and expressly consents that the
holder may from time to time, without notice, extend the time for
payment of this note, or any part thereof, waive its rights with
respect to any property or indebtedness without releasing the
Obligor from any liability to the holder.  This note is governed
by Georgia law.





The term "Obligor" means First Golden American Life Insurance
Company of New York.  The term "Prime Rate", if used herein, shall
mean that rate of interest designated by Bank from time to time as
its "Prime Rate" which rate is not necessarily the Bank's best
rate.  The term "holder" means Bank and any subsequent transferee
or endorsee hereof.

  PRESENTMENT AND NOTICE OF DISHONOR ARE HEREBY WAIVED BY THE OBLIGOR

          FIRST GOLDEN AMERICAN LIFE INSURANCE COMPANY OF NEW YORK


                                   BY:/s/    David S. Pendergrass
                                      ______________________________________