Document:

Board of Directors Corporate Governance Guidelines

 Exhibit 10.46 
  
 Board of Director 
 Corporate Governance Guidelines 
  

	A.	Director Qualification Standards. At least a majority of the outside directors of the Company shall be independent directors, as such term is defined by the rules of the New York
Stock Exchange. All members of the Compensation Committee, the Nominating and Governance Committee and the Audit Committee shall be independent directors. Directors may not serve on more than four other boards of public traded companies. A director
who is also CEO shall not serve on more than two other boards of public traded companies. Directors shall retire from the Board on the date of the annual meeting of stockholders following their 70th birthday, unless an exception is specifically
approved by a bylaw amendment approved by the Board of Directors. 

  

	B.	Meetings of Board of Directors. The non-management directors of the Company will conduct executive sessions without management present at least twice a year.

  

	C.	Director Responsibilities. Directors are expected to attend at least 75% of the meetings of the Board and all committees of the Board on which they serve. Directors are expected to
devote as much time as is necessary to discharge their responsibilities as directors of the Company and the committees on which they serve. Directors shall review in advance the materials furnished to them prior to meetings.

  

	D.	Director Compensation. Directors compensation shall be set by the Executive Compensation Committee of the Board, taking into account practices in comparable companies. Director
compensation shall include an equity based component. 

  

	E.	Director Stock Ownership. Directors who have been a member of the Board for more than one year are expected to have an investment in the Company’s common stock in excess of
$60,000. 

	F.	Director Orientation and Continuing Education. Directors who are newly appointed to the Board shall acquaint themselves with the Company’s business and its policies that apply
to directors. They shall also become knowledgeable, if not already so knowledgeable, about the responsibilities of directors of publicly traded companies. 

  

	G.	Management Succession. The Board or a committee of the Board composed of independent directors shall conduct succession planning for the position of Chief Executive Officer of the
Company. 

  

	H.	Annual Performance Evaluation of the Board. The Board shall conduct a self-examination at least annually to determine whether it and its committees are functioning effectively. The
Nominating and Governance Committee shall recommend to the Board the guidelines and procedures for Board self-evaluation. 

  

	I.	CEO Evaluation. The Board or a committee of the Board composed of independent directors shall conduct an annual evaluation of the performance of the CEO. The Chairman of the
Nominating and Governance Committee and the Chairman of the Compensation Committee shall determine guidelines and procedures for the CEO evaluation. 

  

	J.	Board Access to Management and Independent Advisors. The Board shall have regular access to members of the management of the Company. The Board may, in its discretion, engage
independent advisors. 

  

	K.	Lead Director. The Board shall have a Lead Director who acts as chair at the executive sessions of the board.<PAGE>

                                                                 EXHIBIT (10)(a)

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the use in this Post-Effective Amendment No. 8 to the
Registration Statement on Form N-4 (Registration Nos. 333-40637 and 811-02441)
of our report dated February 13, 2003 relating to the financial statements of
American General Life Insurance Company ("AGL") and our report dated April 8,
2003 relating to the financial statements of AGL Separate Account D, which
appear in such Registration Statement. We also consent to the references to us
under the heading "Financial Statements" in such Registration Statement.

/s/  PRICEWATERHOUSECOOPERS LLP
-------------------------------

Houston, Texas
December 16, 2003<PAGE>

                                                                 EXHIBIT (10)(b)

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the references made to our firm under the captions "Accounting and
Auditing Experts" and "Financial Statements" and to the use of our reports as
follows: our report dated February 5, 2002 (except for footnote 1, as to which
the date is December 31, 2002) with respect to the restated 2001 consolidated
financial statements of American General Life Insurance Company; our report
dated February 1, 2002 (except for footnote 14, as to which the date is December
31, 2002), with respect to the 2001 consolidated financial statements of
American General Life Insurance Company; our report dated February 5, 2002
(except for footnote 12, as to which the date is December 20, 2002), with
respect to the financial statements of The American Franklin Life Insurance
Company; our report dated February 5, 2002 (except for footnote 14, as to which
the date is December 20, 2002), with respect to the consolidated financial
statements of The Franklin Life Insurance Company; our report dated May 3, 2002
(except for footnote 15, as to which the date is December 20, 2002), with
respect to the statutory-basis financial statements of All American Life
Insurance Company; and our report dated March 7, 2002 with respect to the 2001
financial statements of American General Life Insurance Company Separate Account
D; all included in this Post-Effective Amendment No. 8 to the Registration
Statement (Form N-4, Nos. 333-40637 and 811-02441) to be filed by the
Registrant, American General Life Insurance Company Separate Account D.

                                                /s/  ERNST & YOUNG LLP
                                                ----------------------

Houston, Texas
December 16, 2003Exec. Employment Agreement, dated 10/27/99

 Exhibit 10.25 
  
 October 27, 1999 
  
 Mr. Pervez Qurehsi 
 1564 Camino Mode 
 San Jose, Ca. 95125 
  
 Dear Pervez: 
  
 Congratulations on your promotion to Sr. Vice President and General Manager of the Hardlines
and Lumber Division. In this position you will report directly to me. 
  
 Listed
below are the key components of your compensation package. 
  
 Base
Compensation: 
  
 $200,000 per year effective 10/27/99 with an increase
on 10/27/00 of a guaranteed minimum of $25,000 per year in base predicated on the HL&L Division meeting or exceeding Operating Free Cash Flow Plan (“OFCF”) for FY 2000. Operating Free Cash Flow is defined as EBITDA less capital
expenditures. 
 The HL&L Division’s OFCF target of FY 2000 is $13,835,000. 
  
 On 4/27/01, you will be eligible to receive an additional increase in base salary of $12,500 provided HL&L meets OFCF plan for Q1 &
Q2 of FY 2001. You will also be eligible for an additional increase in base salary of $12,500 on 10/27/01 provided the HL&L Division meets OFCF plan for the full FY 2001. The plan for FY 2001 will be set within 30 days of the end of FY 2000.

  
 Incentive Bonus: 
  
 You will participate in the Company’s Incentive Bonus plan at a rate of 50% of your
base salary for FY 2000 or a target of $100,000 based on OFCF goals previously defined of which $50,000 is guaranteed based on your being employed for the full FY 2000. This guaranteed amount will be paid prior to December 31, 2000 to the extent not
already earned and paid during the year under the I.B. plan. The I.B. has detailed provisions outlining payment on over achievement and the schedule for payment of the quarterly amounts if earned. See plan document for details. 
  
 Equity: 
  
 You will receive an additional grant of stock to take your total shares to 150,000. The details of this supplement grant including vesting
and pricing will be communicated as the Company introduces the new stock plan anticipated to be no later than December 15, 1999. 
  
 Relocation: 
  
 You are eligible for standard relocation, in the immediate Livermore area, at the Vice President / Executive level which is estimated at $50,000 paid on actual expense including a tax gross up on the amount subject to
federal and state income taxes. A copy of the relocation policy is provided as part of this offer. This plan is available form 1/1/00 through 6/30/00 as an option but not required. Should you select to utilize the relocation option, and should you
voluntarily terminate your employment within 18 months of the relocation, you will be obligated to repay the full amount of the relocation. 

 Pervez Qurehsi 
 October 27,
1999 
 Pg. 2 of 2 
  
 Relocation, continued: 
  
 We will
provide you with an advance on your guaranteed bonus in the amount of $25,000 directly tied to your relocation and purchase of a home in the greater Livermore/Pleasanton area during the relocation period described above. This amount, once paid, will
be deducted from future I.B. payments until the advance is reduced to zero. Should your employment terminate prior to the repayment of the advance, the full amount that remains outstanding will need to be repaid to the Company on the date of
termination. 
  
 Severance: 
  
 If your employment is terminated for any of the following specific reasons you will be
eligible for one year’s base pay in severance based on your base pay rate at the time of the severance event paid through the normal payroll cycle: 
  

	 	1.	Involuntary termination by the Company other than for cause. Cause would include: 

  

	 	•	 	being convicted of a felony offense; 

  

	 	•	 	violation of a not to compete or non solicitation agreement; 

  

	 	•	 	dishonesty or fraud; 

  

	 	•	 	gross negligence, incapacitation or insubordination; 

  

	 	•	 	failure to follow written lawful directives of the President and other willful acts that are detrimental to the business. 

  

	 	2.	A requirement to relocate more than 50 miles from the Livermore site of CCI/Triad. 

  

	 	3.	A significant change in responsibilities or compensation. This is defined but not limited to a demotion in title less than Sr. V.P., a reduction in base pay or a reduction in
overall compensation plan components, or a significant change in responsibility or scope of responsibility. 

  

	 	4.	A Change in Control Event and you are involuntarily terminated as outlined in item 1 above. 

  
 Pervez, I look forward to you being a key member of the Senior Management team of CCI/Triad and in your contribution toward our mutual
success. This is a great opportunity for you to step up to a whole new level of leadership and management. I am confident that you will rise to the challenge and enjoy tremendous success in your new position. 
  
 Sincerely, 
  
 Michael A. Aviles 
 President & COO 
  
 CC:  Personnel File

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