Document:

EXHIBIT 10(r) One Price Clothing Stores,  Inc.  Deferred  Compensation  Plan for
Non-Employee Directors effective January 1, 2000 and the related Trust Agreement
effective  January  27,  2000,  between  Carolina  First Bank as Trustee and the
Registrant.

                         One Price Clothing Stores, Inc.
                           Deferred Compensation Plan
                                       for
                             Non-Employee Directors

         One  Price  Clothing   Stores,   Inc.,  a  Delaware   corporation  (the
"Company"),  hereby establishes this Deferred Compensation Plan for Non-Employee
Directors  (the  "Plan"),  effective  January  1, 2000,  to enable  Participants
covered under the Plan to enhance their  retirement  security by permitting them
to enter into  agreements  with the  Company to defer  compensation  and receive
benefits  upon  cessation of  membership  on the  Company's  board of directors,
death, and as otherwise provided under the Plan.

                                    ARTICLE 1

                                   DEFINITIONS

1.1  Annual  Deferral:   shall  mean  the  amount  of  Compensation   which  the
     Participant  elects to defer under his or her Deferral Election pursuant to
     Article 3 of the Plan.

1.2  Beneficiary:  shall mean the person or persons or entity designated as such
     in accordance with Article 10 of the Plan.

1.3  Committee:  shall mean the Committee appointed by the Company to administer
     the Plan pursuant to Article 9 of the Plan.

1.4  Company:  shall mean One Price Clothing Stores,  Inc., and any successor(s)
     in interest.

1.5  Compensation:  shall  mean  a  Participant's  fees  received  for  services
     rendered as a member of the board of directors of the Company.

1.6  Crediting  Rate:  shall  mean  the  gain  or  loss  on  certain  investment
     alternatives  designated by the Committee from time to time for determining
     adjustments of amounts  credited to the Deferral  Accounts of Participants.
     The Committee, in its sole discretion,  will establish administrative rules
     for applying the Crediting Rate.

1.7  Deferral Account:  shall mean the bookkeeping device used by the Company to
     measure and  determine  the amounts to be paid to a  Participant  under the
     Plan. One Deferral  Account will be established  for amounts  deferred by a
     Participant  under the Plan.  No assets  will  actually be placed into this
     account in the Participant's name.

1.8  Deferral  Contribution  Period: shall mean the period of one (1) Plan Year,
     or such other period as the  Committee may permit in its  discretion,  over
     which the Participant has elected to defer Compensation pursuant to Article
     3 of the Plan. A Plan Year shall be January 1 through December 31.

<PAGE>

1.9  Deferral Commitment: shall mean a commitment made by a Participant to defer
     Compensation  pursuant to Articles 2 and 3 of the Plan for which a Deferral
     Election Form has been submitted by the Participant.

1.10 Deferral  Election Form: shall mean a written agreement between the Company
     and the Participant, in the form attached as Exhibit A hereto, entered into
     pursuant to Section  2.1 of the Plan,  by which the  Participant  elects to
     participate in the Plan and makes a Deferral Commitment.  Participants must
     state the  percentage  or dollar  amount to be deferred,  and elect how and
     when the account will be  distributed,  pursuant to the  Deferral  Election
     Form.

1.11     Disability:  shall mean a physical or mental  condition that prevents a
         Participant  from performing his or her normal duties of employment.  A
         Participant  shall be presumed to be disabled if the Participant  makes
         application for, or is otherwise eligible for disability benefits under
         the long term  disability  plan of the Employer and  qualifies for such
         benefits.  If the  Participant is not covered by an Employer  sponsored
         long term  disability  plan,  then the  Participant  may be  considered
         disabled  if the  Committee  so  determines  upon review of one or more
         medical opinions acceptable to the Committee.

1.12     Eligible Director:  To be eligible, an individual must be a member of a
         select group of management or highly compensated employees for purposes
         of ERISA;  must be a  non-employee  member of the board of directors of
         the  Company;  and must  have been  determined  to be  eligible  by the
         Committee to participate in the Plan.

1.13 ERISA:  shall mean the Employee  Retirement Income Security Act of 1974, as
     amended.

1.14 Hardship:  shall  mean an  unforeseeable  emergency,  such as a  sudden  or
     unexpected  illness,  accident,  or loss of property  due to  casualty,  as
     determined  in  the  Plan.  An  occurrence  shall  not be  deemed  to be an
     unforeseeable  emergency to the extent that the associated  hardship may be
     relieved by the liquidation of assets.  Cash needs arising from foreseeable
     events such as the  purchase  of a  residence  or  education  expenses  for
     children shall not, alone, be considered a Hardship.

1.15 Participant:  shall mean an Eligible Director,  as defined in Section 1.12,
     who is participating in the Plan as provided in Article 2

1.16 Plan: shall mean the One Price Clothing Stores, Inc. Deferred  Compensation
     Plan for Non-Employee  Directors,  as set forth in this document and as the
     same may be amended, supplemented and/or restated from time to time and any
     successor plan.

1.17 Plan Year:  shall mean the 12-month period from January 1 through  December
     31.

1.18 Termination:  shall  mean the date of the  cessation  of the  Participant's
     membership  on the  board  of  directors  of the  Company  for  any  reason
     whatsoever, whether voluntary or involuntary, other than as a result of the
     Participant's death.

<PAGE>

1.19 Valuation Date: shall mean the last day of each calendar  quarter,  or such
     other dates as the Committee may determine in its discretion, which must be
     at least annually, for the valuation of a Participant's Deferral Account.

                                    ARTICLE 2

                                  PARTICIPATION

2.1      Deferral  Election Form. Any Eligible Director may elect to participate
         in the Plan and to make a Deferral  Commitment by submitting a Deferral
         Election  Form,  as defined in Section  1.10 herein,  to the  Committee
         prior to the beginning of the Deferral  Contribution Period.  Except as
         otherwise provided in this Plan, the Participant's  Deferral Commitment
         shall be irrevocable.

2.2      Continuation  of  Participation.  A  Participant  who  has  elected  to
         participate in the Plan by making a Deferral  Commitment shall continue
         as a Participant  in the Plan for purposes of such Deferral  Commitment
         even  though in any Plan  Year  after  such  Deferral  Commitment  such
         Participant  elects not to make a new Deferral  Commitment or ceases to
         be an Eligible Director.  A Participant shall not be eligible to make a
         new Deferral  Commitment unless the Participant is an Eligible Director
         with respect to the Plan Year for which the election is made.

                                    ARTICLE 3

                          FORM OF DEFERRAL COMMITMENTS

3.1      Deferral Commitment. Subject to Sections 3.2 and 3.3, a Participant may
         elect in the Deferral  Election  Form to defer any  percentage or whole
         dollar amount of the Participant's Compensation,  as defined in Section
         1.5, not exceeding  $30,000,  so long as the amount of Compensation net
         of the amount  deferred does not fall below any  applicable  thresholds
         determined by the Committee in its sole discretion.

3.2      Minimum Deferral Commitment.  A Participant may not elect to defer less
         than $2,500 in any one Plan Year.

3.3      Maximum Deferral Commitment. The maximum Deferral Commitment allowed in
         any Deferral  Contribution Period shall be as set forth in Section 3.1;
         provided, however, the Committee, in its sole discretion, may establish
         a  different  maximum  Deferral  Commitment  limit for the  purpose  of
         controlling the Company's  financial  obligations under the Plan or for
         any other reason deemed necessary.

<PAGE>

3.4      Incomplete Deferral.  Notwithstanding  anything contained herein to the
         contrary,  if the  Participant  has not or will not actually  defer the
         amount specified in such  Participant's  Deferral  Election Form during
         the Deferral Contribution Period, the Participant shall,  nevertheless,
         be permitted  to continue  participation  in the Plan.  No new deferral
         will  be  accepted  by the  Company  until  the  previously  incomplete
         deferral is fulfilled by the Participant.

3.5      Withholding.  The Committee shall make  arrangements for satisfying any
         federal, state or local income tax withholding  requirements and Social
         Security or other employee tax  requirements  applicable to deferral of
         Compensation under the Plan.

                                    ARTICLE 4

                                DEFERRAL ACCOUNTS

4.1      Deferral  Accounts.  A Deferral  Account,  as  defined  in Section  1.7
         herein, shall be established for each Participant. The Deferral Account
         shall be credited with the applicable portion of the Annual Deferral as
         of the approximate  date such amounts would otherwise have been paid to
         the Participant.  Deferral Accounts shall, except as otherwise provided
         in the Plan, be adjusted by the Crediting  Rate in effect for each Plan
         Year,  from the  approximate  date such deferrals  would have been paid
         through the earlier of the Participant's date of death or the following
         Valuation  Date.  Notwithstanding  anything  in this  paragraph  to the
         contrary,  the  Committee  may,  in  its  sole  discretion,   establish
         administrative rules for the purpose of crediting Deferral Accounts.

4.2      Statements of Account. The Committee shall provide periodically (but no
         less frequently than annually) to each Participant a statement  setting
         forth  the  balance  of  the  Deferral  Account   maintained  for  such
         Participant.

4.3      Vesting of  Accounts.  Each  Participant  shall be one hundred  percent
         (100%)  vested  at all times in the  portion  of his  Deferral  Account
         derived from Annual Deferrals and gains or losses actually  credited to
         such Participant's Deferral Account.

<PAGE>

                                    ARTICLE 5

                               PAYMENT OF BENEFITS

5.1  Termination Benefits. Upon Termination,  as defined in Section 1.18 herein,
     the Company shall pay to the  Participant a benefit in the form provided in
     Section 5.2 of the Plan, based on the balance of the Participant's Deferral
     Account.

5.2  Form of Benefit. The Termination benefit attributable to a Deferral Account
     shall be paid in accordance with the Participant's  direction as found on a
     Deferral  Election Form prescribed by the Committee for designation of form
     of payment.  Such payment  election  shall be made at the time the Deferral
     Commitment  election is made,  and may be changed up to 12 months  prior to
     Termination.  If no other election is made, the terminated Participant will
     receive 15 substantially equal annual termination  distributions in January
     of each year following  Termination.  Alternate distribution options are as
     follows:

<PAGE>

         (a)        Lump Sum. A lump sum payment equal to the balance of the
                    Participant's  Deferral  Account as of the Valuation Date
                    following Termination.  Payment will commence no earlier
                    than the first month following Termination.

         (b)        Installment   Payments.   Annual  installment   payments  in
                    substantially  equal  amounts  over a period  of five or ten
                    years. Installment payments shall be made in January of each
                    year following Termination. Interest will be credited to the
                    unpaid  balance in the Deferral  Account at a rate in effect
                    for each Plan Year. The Committee,  in its sole  discretion,
                    may  establish  rules  for  making  payments  and  crediting
                    interest to the unpaid Deferral Account balance.

5.3      In-Service Distributions. A Participant can elect to receive a lump sum
         payment of benefits  created and  generated by the  contribution  for a
         given Plan Year without  terminating  employment.  The benefit  payment
         will be  received  by January of a chosen  year at least five (5) years
         after the end of the Plan Year in which the contribution was made. This
         election must be made at the time of deferral.

5.4      Small Benefit Exception.  Notwithstanding any of the foregoing,  in the
         event the sum of all benefits  payable to the  Participant is less than
         or equal to ten  thousand  dollars  ($10,000),  the Company may, in its
         sole  discretion,  elect to pay  such  benefits  in a  single  lump sum
         payment on the date such benefits first become payable.

5.5      Constructive  Receipt.  In the  event  the  Committee  determines  that
         amounts deferred under the Plan have been constructively  received by a
         Participant  and must be  recognized  as income for federal  income tax
         purposes,  such amounts shall be  distributed to the  Participant.  The
         determination  of the Committee under this Section 5.5 shall be binding
         and conclusive.

                                    ARTICLE 6

                                SURVIVOR BENEFITS

6.1      Pre-Termination  Survivor  Benefit.  If a  Participant  dies  prior  to
         Termination,  the Company shall pay to the Participant's  Beneficiary a
         lump sum  benefit  equal to the balance of the  Participant's  Deferral
         Account as of the date of the Participant's last Valuation Date.

6.2      Post-Termination   Survivor  Benefit.   If  a  Participant  dies  after
         Termination, the Company shall pay to the Participant's Beneficiary the
         remaining  benefits  payable to the Participant  under the Plan for the
         remainder of the benefit period that such benefits would have been paid
         to the Participant.

6.3      Small Benefit Exception.  Notwithstanding any of the foregoing,  in the
         event the sum of all benefits  payable to the  Beneficiary is less than
         or equal to ten  thousand  dollars  ($10,000),  the Company may, in its
         sole  discretion,  elect to pay  such  benefits  in a  single  lump sum
         payment on the date such benefits first become payable.

<PAGE>

                                    ARTICLE 7

                                   DISABILITY

If a Participant is determined to have a Disability,  as defined in Section 1.11
of the Plan, the Participant shall, effective as of the date such Participant is
no longer paid his  Compensation by the Company,  cease deferrals under the Plan
except for any Deferral Commitment regarding any Compensation which is earned or
payable subsequent to the Disability.  The Participant's  Deferral Account shall
continue to be credited with  interest at the Crediting  Rate until such time as
the Participant's benefits under the Plan are distributed in accordance with the
Participant's election.

                                    ARTICLE 8

                         CONDITIONS RELATED TO BENEFITS

8.1      Nonassignability.  The  benefits  provided  under  the  Plan may not be
         alienated, assigned, transferred,  pledged or hypothecated by or to any
         person  or  entity,  at any  time or in any  manner  whatsoever.  These
         benefits  shall  be  exempt  from  the  claims  of  creditors  or other
         claimants  of any  Participant  and from all orders,  decrees,  levies,
         garnishment or executions against any Participant to the fullest extent
         allowed by law.

8.2      Hardship  Distribution.  Upon  finding  that  the  Participant  or  the
         Beneficiary  has suffered a Hardship,  the  Committee  may, in its sole
         discretion and upon written petition by the Participant or Beneficiary,
         accelerate  distributions  of  benefits  under  the Plan in the  amount
         reasonably  necessary to alleviate such Hardship or as requested by the
         Participant or the  Beneficiary.  If a distribution  is to be made to a
         Participant  on  account  of  Hardship,  the  Participant  may not make
         subsequent  Deferral  Commitments under the Plan for the balance of the
         Plan Year and the  following  Plan Year.  Any  Deferral  Commitment  in
         effect at the time such  distribution  is made under this section shall
         be canceled.

8.3      No Right to Company  Assets.  The benefits paid under the Plan shall be
         paid from the general funds of the Company, and the Participant and any
         Beneficiary  shall be no more than unsecured  general  creditors of the
         Company with no special or prior right to any assets of the Company for
         payment  of  any  obligations  hereunder.   Subject  to  the  preceding
         sentence,   the  Company  shall  establish  an  irrevocable   trust  to
         separately  hold and maintain assets for the sole purpose of satisfying
         the  Company's  obligations  under the Plan.  To enable the  Company to
         meets  its  financial  commitment  under  the  Plan,  insurance  may be
         purchased on each  Participant's  life.  This insurance is owned by and
         payable to Company for the benefit of Plan participants. As a condition
         of being  eligible to  participate,  Participants  agree to execute any
         document and cooperate with the Company in obtaining insurance.

8.4      Protective Provisions. The Participant shall cooperate with the Company
         by  furnishing  any and all  information  requested by the Committee in
         order to  facilitate  the  payment of benefits  hereunder,  taking such
         physical  examinations as the Committee may deem necessary,  and taking
         such  other  actions  as may be  requested  by  the  Committee.  If the
         Participant refuses to cooperate or makes any material  misstatement or
         nondisclosure  of  information,   then  no  benefits  will  be  payable
         hereunder to such Participant or his Beneficiary.

8.5      Withholding.  The Participant or the Beneficiary shall make appropriate
         arrangements with the Company for satisfaction of any federal, state or
         local income tax withholding  requirements and Social Security or other
         employee tax  requirements  applicable to the payment of benefits under
         the Plan. If no such arrangements are made, the Company may provide, at
         its  discretion,  for  such  withholding  and  tax  payments  as may be
         required.

8.6      Loans.   Loans of account balances are not permitted under this Plan.

8.7      Unscheduled Withdrawal.  At any time prior to commencement of payments,
         the Participant may request a payment in a lump sum of all or a portion
         of the balance of Participant's  Deferral Account for any reason with a
         ten percent (10%) penalty.  If the  Participant  exercises this option,
         the  Participant may not participate in the Plan for the balance of the
         Plan Year and the following Plan Year.

                                    ARTICLE 9

                           ADMINISTRATION OF THE PLAN

The Committee  shall  administer the Plan and interpret,  construe and apply its
provisions in accordance  with its terms.  The Committee  shall determine in its
sole discretion those who are eligible to participate in the Plan and shall have
the right to set guidelines for participation under the Plan including,  but not
limited to, the type,  manner and level of Deferral  Commitments.  The Committee
shall further establish,  adopt or revise such other rules and regulations as it
may  deem  necessary  or  advisable  for the  administration  of the  Plan.  All
decisions of the Committee shall be final and binding.  The individuals  serving
on the Committee  shall,  except as prohibited by law, be  indemnified  and held
harmless  by the  Company  from any and all  liabilities,  costs,  and  expenses
(including  legal  fees),  to the extent not  covered  by  liability  insurance,
arising out of any action taken by any member of the  Committee  with respect to
the  Plan,  unless  such  liability  arises  from  the  individual's  own  gross
negligence or willful misconduct.

                                   ARTICLE 10

                             BENEFICIARY DESIGNATION

10.1     Beneficiary  Designation.  The  Participant  must designate one or more
         beneficiaries to receive any unpaid Plan benefits upon their death. The
         Participant  shall have the right, at any time, to designate any person
         or persons as a  Beneficiary  (both  primary  and  contingent)  to whom
         payment under the Plan shall be made in the event of the  Participant's
         death.  The  Beneficiary  designation  shall  be  effective  when it is
         submitted  in  writing  and  delivered  to  the  Committee  during  the
         Participant's lifetime on a form prescribed by the Committee.

10.2     New Beneficiary  Designation.  The Participant  shall have the right to
         change or revoke any such designation from time to time by filing a new
         designation or notice of revocation with the Company,  and no notice to
         any  Beneficiary  or consent by any  Beneficiary  shall be  required to
         effect any such change or revocation.

10.3     Failure to Designate Beneficiary. If a Participant fails to designate a
         Beneficiary   before  his   death,   the   Beneficiary   shall  be  the
         Participant's  surviving spouse. If no designated Beneficiary or spouse
         survives the Participant, the Committee shall direct the Company to pay
         the balance of the Participant's  Deferral Account in a lump sum to the
         executor or  administrator  for his estate;  provided,  however,  if no
         executor or administrator shall have been appointed,  and actual notice
         of the death was given to the  Committee  within  sixty (60) days after
         the  Participant's  death, and if his Deferral Account balance does not
         exceed ten thousand  dollars  ($10,000),  the  Committee may direct the
         Company to pay the Deferral  Account  balance to such person or persons
         as the  Committee  determines  may be entitled to it, and the Committee
         may  require  such proof of right  and/or  identity  of such  person or
         persons as the Committee may deem appropriate and necessary.

                                   ARTICLE 11

                      AMENDMENT AND TERMINATION OF THE PLAN

11.1       Amendment of the Plan.  The Company may at any time amend the Plan in
           whole or in part, provided however, that such amendment (i) shall not
           decrease the vested balance of the Participant's  Deferral Account at
           the time of such amendment and (ii) shall not retroactively  decrease
           the applicable  Crediting Rates of the Plan prior to the time of such
           amendment.  The Company or Committee may amend the Crediting Rates of
           the Plan prospectively.

11.2       Termination  of the Plan.  The Company may at any time  terminate the
           Plan as to all or any  group of  Participants.  In the  event of such
           termination,  the Company shall pay to the  Participant  the benefits
           the  Participant  is entitled to receive as soon as  administratively
           possible  following  termination of the Plan. The Crediting Rate will
           be applied to the Participant's  Deferral Account until  distribution
           under this section.

                                   ARTICLE 12

                                  MISCELLANEOUS

12.1 Successors of the Company.  The rights and obligations of the Company under
     the Plan shall  inure to the  benefit  of, and shall be binding  upon,  the
     successors and assigns of the Company.

12.2 ERISA  Plan.  The  Plan  is  intended  to be an  unfunded  plan  maintained
     primarily to provide deferred  compensation benefits for "a select group of
     management or highly compensated  employees" within the meaning of Sections
     201,  301, and 401 of ERISA and therefore to be exempt from Parts 2, 3, and
     4 of Title I of ERISA.  Notwithstanding  any provisions of this Plan to the
     contrary,  if any Participant is determined not to be a "member of a select
     group of management or highly  compensated  employee" within the meaning of
     ERISA  or  applicable   regulations  thereunder  at  the  time  a  Deferral
     Commitment is elected,  such  Participant  will not be eligible to complete
     such Deferral  Commitment  and shall receive an immediate  lump sum payment
     equal to the unpaid  balance of the Deferral  Account as of the most recent
     Valuation  Date.  Upon such payment,  no survivor  benefit or other benefit
     shall  thereafter be payable under this Plan either to the  Participant  or
     any Beneficiary of the Participant, with respect to said Deferral Account.
<PAGE>

12.3 Gender,  Singular and Plural.  All pronouns and variations thereof shall be
     deemed to refer to the masculine or feminine, as the identity of the person
     or persons may  require.  As the context may  require,  the singular may be
     read as the plural and the plural as the singular.

12.4 Captions.  The  captions of the  articles  and sections of the Plan are for
     convenience   only  and  shall  not   control  or  affect  the  meaning  or
     construction of any of its provisions.

12.5 Validity.  In the event any provision of the Plan is held invalid,  void or
     unenforceable,  the same shall not affect, in any respect  whatsoever,  the
     validity of any other provisions of the Plan.

12.6 Waiver of Breach.  The waiver by the Company of any breach of any provision
     of the Plan by the  Participant  shall not  operate  or be  construed  as a
     waiver of any subsequent breach by the Participant.

12.7 Applicable Law. The Plan shall be governed and construed in accordance with
     the laws of the State of South Carolina  except where the laws of the State
     of South Carolina are preempted by ERISA.

12.8 Notice.  Any  notice or filing  required  or  permitted  to be given to the
     Company under the Plan shall be sufficient if in writing or hand delivered,
     or sent by registered or certified mail, return receipt  requested,  to the
     principal  office  of  the  Company,  directed  to  the  attention  of  the
     Committee. Such notice shall be deemed given as of the date of delivery, or
     if  delivery is made by mail,  as of the date shown on the  postmark on the
     receipt for registration or certification.

12.9 Arbitration.  Any claim,  dispute or other  matter in  question of any kind
     relating to this Plan shall be settled by  arbitration  in accordance  with
     the Rules of the  American  Arbitration  Association.  Notice of demand for
     arbitration  shall be made in  writing  to the  opposing  party  and to the
     American Arbitration  Association within a reasonable time after the claim,
     dispute or other matter in question has arisen.  In no event shall a demand
     for  arbitration  be made  after the date when the  applicable  statute  of
     limitations  would bar the  institution of a legal or equitable  proceeding
     based on such claim,  dispute or other matter in question.  The decision of
     the  arbitrators  shall  be  final  and may be  enforced  in any  court  of
     competent jurisdiction.

         IN WITNESS  WHEREOF,  the  Company  has caused this Plan to be executed
this 27th day of December, 1999, effective as of January 1, 2000.

                         ONE PRICE CLOTHING STORES, INC.

                            By:    /s/ C. Burt Duren
                                   C. Burt Duren
                            Title: Vice President & Treasurer

<PAGE>

                   TRUST UNDER ONE PRICE CLOTHING STORES, INC.

                           DEFERRED COMPENSATION PLAN

                           FOR NON-EMPLOYEE DIRECTORS

     This Trust Agreement made this 27th day of January, 2000 by and between One
Price Clothing Stores, Inc. (Company) and Carolina First Bank (Trustee);

     WHEREAS,  the  Company  has adopted  the One Price  Clothing  Stores,  Inc.
Deferred  Compensation Plan for Non-Employee  Directors ("Plan"), a nonqualified
deferred compensation Plan; and

     WHEREAS,  the Company has incurred or expects to incur  liability under the
terms of the Plan with respect to the individuals participating in the Plan; and

     WHEREAS,  the  Company  wishes to  establish  a trust  (hereinafter  called
"Trust")  and to  contribute  to the Trust  assets  that shall be held  therein,
subject to the claims of the Company's Insolvency, as herein defined, until paid
to Plan participants and their beneficiaries in such manner and at such times as
specified in the Plan; and

     WHEREAS,  it is  the  intention  of  the  parties  that  this  Trust  shall
constitute an unfunded  arrangement  and shall not affect the status of the Plan
as  an  unfunded  plan   maintained  for  the  purpose  of  providing   deferred
compensation  for a select group of management or highly  compensated  employees
for purposes of Title I of the Employee Retirement Income Security Act of 1974;
and

     WHEREAS,  it is the intention of the Company to make  contributions  to the
Trust to provide  itself  with a source of funds to assist it in the  meeting of
its liabilities under the Plan.

     NOW,  THEREFORE,  the parties do hereby  establish the Trust and agree that
the Trust shall be comprised, held, and disposed of as follows:

Section 1.  Definitions

         (a)      "Bankruptcy Code" means Title II of the United States Code,
                  as amended.

         (b)      "Code" means the Internal Revenue Code of 1986, as amended.

         (c)      "Insolvency"  or "Insolvent"  means the inability to pay debts
                  as they come due, or being subject to a pending  proceeding as
                  a debtor under the Bankruptcy Code.

         (d)      "Participant" means an individual participating in the Plan.

         (e)      "Plan" means the One Price Clothing Stores, Inc. Deferred
                  Compensation Plan for Non-Employee Directors.

Section 2.  Establishment of Trust

         (a)      The  Company  hereby  deposits  with the  Trustee in trust the
                  assets  listed in Exhibit A, which shall become the  principal
                  of the Trust to be held, administered,  and disposed of by the
                  Trustee as provided in this Trust Agreement.

         (b)      The Trust hereby established shall be irrevocable.

         (c)      The  Trust is  intended  to be a grantor  trust,  of which the
                  Company is the grantor,  within the meaning of subpart E, part
                  I, subchapter J, chapter 1, subtitle A of the Internal Revenue
                  Code of 1986, as amended, and shall be construed accordingly.

         (d)      The principal of the Trust,  and any earnings thereon shall be
                  held  separate  and apart from other  funds of the Company and
                  shall  be  used  exclusively  for the  uses  and  purposes  of
                  Participants  and  general  creditors  as  herein  set  forth.
                  Participants and their  beneficiaries  shall have no preferred
                  claim on, or any beneficial  ownership interest in, any assets
                  of the Trust. Any rights created under the Plan and this Trust
                  Agreement  shall  be  mere  unsecured  contractual  rights  of
                  Participants and their beneficiaries  against the Company. Any
                  assets  held by the Trust will be subject to the claims of the
                  Company's general creditors under federal and state law in the
                  event of Insolvency, as defined in Section 1(d) herein.

         (e)      The Company, in its sole discretion,  may at any time, or from
                  time to  time,  make  additional  deposits  of  cash or  other
                  property in trust with the Trustee to augment the principal to
                  be held,  administered,  and  disposed  of by the  Trustee  as
                  provided in this Trust Agreement.  Neither the Trustee nor any
                  Participant or beneficiary shall have any right to compel such
                  additional deposits.

Section 3.  Payments to Participants and Their Beneficiaries

(a)  The  Company  shall  deliver  to  the  Trustee  a  schedule  (the  "Payment
     Schedule")   that  indicates  the  amounts   payable  in  respect  of  each
     Participant  (and his or her  beneficiaries),  that  provides  a formula or
     other instructions acceptable to the Trustee for determining the amounts so
     payable,  the form in which such amount is to be paid (as  provided  for or
     available under the Plan), and the time of commencement for payment of such
     amounts.  Except as  otherwise  provided  herein,  the  Trustee  shall make
     payments to the  Participants  and their  beneficiaries  in accordance with
     such Payment  Schedule.  The Trustee shall make provision for the reporting
     and withholding of any federal,  state, or local taxes that may be required
     to be withheld  with  respect to the  payment of  benefits  pursuant to the
     terms of the Plan and shall pay amounts withheld to the appropriate  taxing
     authorities or determine  that such amounts have been  reported,  withheld,
     and paid by the Company.

(b)  The  entitlement of a Participant or his or her  beneficiaries  to benefits
     under the Plan shall be determined by the Company or such party as it shall
     designate  under  the  Plan,  and any  claim  for  such  benefits  shall be
     considered and reviewed under the procedures set out in the Plan.

(c)  The Company may make payment of benefits  directly to Participants or their
     beneficiaries  as they become due under the terms of the Plan.  The Company
     shall  notify  the  Trustee of its  decision  to make  payment of  benefits
     directly  prior to the time  amounts are payable to  Participants  or their
     beneficiaries. In addition, if the principal of the Trust, and any earnings
     thereon, are not sufficient to make payments of benefits in accordance with
     the terms of the Plan,  the  Company  shall  make the  balance of each such
     payment  as it falls due.  The  Trustee  shall  notify  the  Company  where
     principal and earnings are not sufficient.

Section 4.     Trustee Responsibility Regarding Payments to Trust Beneficiary
               When Company is Insolvent

        (a) The Trustee  shall cease  payment of  benefits to  Participants  and
their beneficiaries if the Company is Insolvent.

        (b)    At all times during the continuance of this Trust, as provided in
               Section 2(d) hereof,  the principal and income of the Trust shall
               be subject to claims of general  creditors  of the Company  under
               federal and state law as set forth below.

               (1)    The Board of Directors and the Chief Executive  Officer of
                      the  Company  shall have the duty to inform the Trustee in
                      writing of the Company's Insolvency.  If a person claiming
                      to be a creditor of the Company  alleges in writing to the
                      Trustee that the Company has become Insolvent, the Trustee
                      shall  determine  whether  the Company is  Insolvent  and,
                      pending such determination,  the Trustee shall discontinue
                      payment   of   benefits   to    Participants    or   their
                      beneficiaries.

               (2)    Unless the Trustee has actual  knowledge of the  Company's
                      Insolvency,  or has received  notice from the Company or a
                      person claiming to be a creditor alleging that the Company
                      is  Insolvent,  the Trustee  shall have no duty to inquire
                      whether the Company is  Insolvent.  The Trustee may in all
                      events  rely on such  evidence  concerning  the  Company's
                      solvency  as may be  furnished  to the  Trustee  and  that
                      provides the Trustee with a reasonable  basis for making a
                      determination concerning the Company's solvency.

               (3)    If at any time the Trustee has determined that the Company
                      is Insolvent,  the Trustee shall  discontinue  payments to
                      Participants  or their  beneficiaries  and shall  hold the
                      assets  of the  Trust  for the  benefit  of the  Company's
                      general  creditors.  Nothing in this Trust Agreement shall
                      in any way  diminish any  Participant's  rights as general
                      creditors  of the Company  with  respect to  benefits  due
                      under the Plan or otherwise.

               (4)    The  Trustee  shall  resume  the  payment of  benefits  to
                      Participants  or their  beneficiaries  in accordance  with
                      Section 3 of this Trust  Agreement  only after the Trustee
                      has determined that the Company is not Insolvent (or is no
                      longer Insolvent).

        (c)    Provided  that  there  are  sufficient  assets,  if  the  Trustee
               discontinues  the payment of benefits from the Trust  pursuant to
               Section 4(b) hereof and subsequently  resumes such payments,  the
               first payment  following  such  discontinuance  shall include the
               aggregate  amount of all  payments due to  Participants  or their
               beneficiaries  under the terms of the Plan for the period of such
               discontinuance, less the aggregate amount of any payments made to
               Participants or their beneficiaries by the Company in lieu of the
               payments   provided   for   hereunder   during  any  such  period
               discontinuance.

Section 5.  Payments to the Company

        Except as  provided  in  Section 4  hereof,  after the Trust has  become
        irrevocable,  the  Company  shall  have no right or power to direct  the
        Trustee to return to the Company or to divert to others any of the Trust
        assets before all payment of benefits have been made to Participants and
        their beneficiaries pursuant to the terms of the Plan.

Section 6.  Investment Authority

        In addition to the powers  conferred upon the Trustee  either  expressly
        by, or by necessary  implication of, the other  provisions of this Trust
        Agreement,  the Trustee  shall have all other powers,  not  inconsistent
        with law or  equity,  as may be  necessary  and  proper  to  attain  the
        objectives of this Trust Agreement. All rights associated with assets of
        the Trust shall be exercised by the Trustee or the person  designated by
        the  Trustee,  and  shall  in no event be  exercisable  by or rest  with
        Participants.

        By way of illustration,  and not by way of limitation, the Trustee shall
have power:

(a)  To invest  and  reinvest  in,  or  exchange  assets  for,  any  securities,
     insurance  policies or other properties as directed by the Company.  In the
     absence of directions  from the Company,  the Trustee,  after ten (10) days
     advance  written  notice to the  Company,  shall  have  power to invest and
     reinvest and exchange assets as the Trustee deems  advisable  without being
     limited in the  selection of  investments  by any  statutes,  rules of law,
     custom or usage.

(b)  To have and  possess  any or all of the rights of an owner with  respect to
     any life insurance  policy held in the Trust,  including,  without limiting
     the generality of the foregoing,  the rights to receive or apply  dividends
     or distributive shares of surplus, disability benefits, surrender values or
     proceeds  of matured  endowments;  to obtain and  receive  from the issuing
     insurance  company such  advances or loans on account of any such policy as
     may be available;  to sell,  assign or pledge the policy;  to surrender the
     policy;  and to  exercise  any option or  privilege  granted in the policy.
     Notwithstanding  the  foregoing,  the Trustee shall have no power to name a
     beneficiary  of the policy  other than the Trust,  to assign the policy (as
     distinct from conversion of the policy to a different form) other than to a
     successor  Trustee,  or to loan to any person the proceeds of any borrowing
     against such policy.

(c)  To sell or exchange  any  property at any time held by it, and any sale may
     be made by a private  contract or by public  auction,  and for cash or upon
     credit,  or partly for cash and partly upon credit, as the Trustee may deem
     best,  and no person  dealing with the Trustee shall be bound to see to the
     application of the purchase money or inquire into the validity,  expediency
     or propriety of any such sale or other disposition.

(d)  To  give  and  execute  powers  of  attorney  for the  cancellation  of any
     mortgages; to continue mortgages beyond and after maturity, with or without
     renewal or extension, upon such terms as may seem to the Trustee advisable;
     to  foreclose,  as an  incident  to  collection  of any bond or  note,  any
     mortgage  or  pledge  securing  such  bond or  note,  and to  purchase  the
     mortgaged  or pledged  property or acquire the same by  conveyance  without
     foreclosure;  and to retain any  property  bought in under  foreclosure  or
     taken over without  foreclosure  for such time as to the Trustee shall deem
     best.

(e)  To manage, operate, repair, improve,  partition,  mortgage or lease for any
     term or terms of years, whether within or beyond the duration of the Trust,
     any real estate or any other property  whatsoever  which may at any time be
     held by the Trustee  upon such terms and  conditions  as the Trustee  deems
     advisable,  using other trust  assets for any of such  purposes,  if deemed
     advisable;  and to grant and convey by lease or other instruments for terms
     within or beyond the duration of the Trust, the right to explore for and to
     produce and remove oil,  gas,  and minerals on, in or from any lands at any
     time held by the Trustee,  and to grant perpetual easement or easements for
     terms  within or beyond the duration of the Trust on, over and with respect
     to any such lands.

(f)  To compromise,  compound, arbitrate or otherwise adjust and settle any debt
     or obligation due to or from it as Trustee  hereunder to reduce the rate of
     interest on, to extend or otherwise modify, or to foreclose upon default or
     otherwise enforce any such obligation.

(g)  To execute  any  investment  directions  from the Company  with  respect to
     investment  fund elections  under any variable  annuities,  mutual funds or
     life insurance contracts held in the Trust.

(h)  To make,  execute,  acknowledge  and  deliver  any and all  deeds,  leases,
     assignments and any other instruments.

(i)  To cause any investments  from time to time held by it to be registered in,
     or  transferred  into,  its name as Trustee  or the name of its  nominee or
     nominees   or  to  retain   them   unregistered   or  in  form   permitting
     transferability by delivery, but the books and records of the Trustee shall
     at all times show that all such investments are part of the Trust.

(j)  To borrow or raise  money for the purpose of the Plan in such  amount,  and
     upon such terms and conditions,  as the Trustee shall deem  advisable;  and
     for any sum so  borrowed,  to issue a  promissory  note as Trustee,  and to
     secure the  repayment  thereof by pledging  all, or any part,  of the Trust
     assets; and no person lending money to the Trustee shall be bound to see to
     the  application  of the  money  lent  or to  inquire  into  the  validity,
     expediency, or propriety of any borrowing.

(k)  To keep such  portion of the Trust in cash or cash  balances as the Trustee
     may, from time to time,  deem to be reasonable and in the best interests of
     the Plan, without liability for interest thereon.

        (l)    To accept and retain for such time as it may deem  advisable  any
               securities  or  other  property  received  or  acquired  by it as
               Trustee  hereunder,  whether  or not  such  securities  or  other
               property would normally be purchased as investments hereunder.

        (m)    To do all acts whether or not expressly  authorized  herein which
               it may  deem  necessary  or  proper  for  the  protection  of the
               property  held  hereunder  and to carry out the  purposes  of the
               Plan.

        Trust assets  shall be invested as directed by the Company.  The Trustee
        shall not be liable if such directions result in a breach of any duty of
        the Trustee to  diversify,  to maintain  liquidity  or to meet any other
        investment  standard.  Absent  direction  from the Company,  the Trustee
        shall invest the Trust assets, as described above.

Section 7.  Disposition of Income

        During the term of this Trust,  all income received by the Trust, net of
        expenses and taxes, shall be accumulated and reinvested.

Section 8.  Accounting by the Trustee

(a)  The Trustee  shall keep accurate and detailed  records of all  investments,
     receipts,  disbursements,  and all other transactions  required to be made,
     including such specific  records as shall be agreed upon in writing between
     the Company and the Trustee.  Within  forty-five  (45) days  following  the
     close of each  calendar  year and within thirty (30) days after the removal
     or resignation  of the Trustee,  the Trustee shall deliver to the Company a
     written  account of its  administration  of the Trust  during  such year or
     during the period from the close of the last  preceding year to the date of
     such  removal or  resignation,  setting  forth all  investments,  receipts,
     disbursements,   and  other  transactions   effected  by  it,  including  a
     description of all securities and  investments  purchased and sold with the
     cost or net proceeds of such purchases or sales  (accrued  interest paid or
     receivable being shown separately),  and showing all cash, securities,  and
     other  property held in the Trust at the end of such year or as of the date
     of such removal or resignation, as the case may be.

(b)  If no objection is made to a written  account of the Trustee  within ninety
     (90) days after it is rendered,  approval of the account shall be deemed to
     have been given. In the event of the resignation or discharge of a Trustee,
     the  procedures  outlined in this  Section  shall apply with respect to the
     rendition by such Trustee of its account, and the approval thereof, for the
     accounting  period ending with the date of resignation or discharge.  It is
     provided,  however,  that this  Section  shall not be construed to give the
     Company the power to alter, amend, revoke or terminate the Trust.

(c)  Notwithstanding  any provisions hereof, the Trustee shall have the right to
     apply to a court of competent  jurisdiction for the judicial  settlement of
     any such accounts and in such action or proceeding it shall be necessary to
     join as parties  thereto only the Trustee and the Company.  Any judgment or
     decree  which may be  entered  in any such  action or  proceeding  shall be
     conclusive  and  binding  upon all  parties  having or claiming to have any
     interest in the Trust assets.

Section 9.  Responsibility of Trustee

(a)  The Trustee  shall incur no  liability  to any person for any action  taken
     pursuant to a direction, request, or approval given by the Company which is
     contemplated  by,  and in  conformity  with,  the terms of the Plan or this
     Trust and is given in  writing  by the  Company.  In the event of a dispute
     between  the  Company  and a party,  the  Trustee  may  apply to a court of
     competent jurisdiction to resolve the dispute.

(b)  If the Trustee  undertakes or defends any litigation  arising in connection
     with this Trust,  the Company  agrees to indemnify the Trustee  against the
     Trustee's costs, expenses, and liabilities (including,  without limitation,
     attorneys' fees and expenses)  relating  thereto and to be primarily liable
     for such payments.  If the Company does not pay such costs,  expenses,  and
     liabilities in a reasonably  timely manner,  the Trustee may obtain payment
     from the Trust.

(c)  Trustee may  consult  with legal  counsel  (who may also be counsel for the
     Company  generally)  with  respect  to  any of its  duties  or  obligations
     hereunder.

(d)  The Trustee may hire agents, accountants,  actuaries,  investment advisors,
     financial  consultants,  or other  professionals to assist it in performing
     any of its duties or obligations hereunder.

(e)  The Trustee shall have, without exclusion, all powers conferred on Trustees
     by applicable law, unless expressly  provided  otherwise herein;  provided,
     however,  that if an insurance policy is held as an asset of the Trust, the
     Trustee shall have no power to name a beneficiary  of the policy other than
     the Trust,  to assign the policy (as distinct from conversion of the policy
     to a different form) other than to a successor  Trustee,  or to loan to any
     person the proceeds of any borrowing against such policy.

(f)  Notwithstanding  any powers  granted to the Trustee  pursuant to this Trust
     Agreement or to  applicable  law, the Trustee shall not have any power that
     could give this Trust the  objective of carrying on a business and dividing
     the gains  therefrom,  within  the  meaning of  section  301.7701-2  of the
     Procedure  and  Administrative  Regulations  promulgated  pursuant  to  the
     Internal Revenue Code.

Section 10.  Compensation and Expenses of Trustee

        The  Company  shall  pay  all  administrative  and  Trustee's  fees  and
        expenses.  If the  administrative and Trustee' fees and expenses are not
        paid within ninety (90) days after such payment is due, the expenses and
        fees shall be paid from the Trust.

Section 11.  Resignation and Removal of Trustee

(a)  The Trustee may resign at any time by written notice to the Company,  which
     shall be effective thirty (30) days after receipt of such notice unless the
     Company and the Trustee agree otherwise.

(b)  The  Trustee  may be removed by the  Company on thirty  (30) days notice or
     upon shorter notice accepted by Trustee.

(c)  Upon  resignation or removal of the Trustee and  appointment of a successor
     Trustee,  all assets shall  subsequently  be  transferred  to the successor
     Trustee.  The  transfer  shall be completed  within  thirty (30) days after
     receipt of notice of resignation,  removal, or transfer, unless the Company
     extends the time limit.

(d)  If the Trustee resigns or is removed,  a successor  shall be appointed,  in
     accordance with Section 12 hereof,  by the effective date or resignation or
     removal under paragraphs (a) or (b) of this section. If no such appointment
     has been made,  the Trustee may apply to a court of competent  jurisdiction
     for  appointment  of a successor or for  instructions.  All expenses of the
     Trustee   in   connection   with  the   proceeding   shall  be  allowed  as
     administrative expenses of the Trust.

Section 12.  Appointment of Successor

        If the Trustee resigns or is removed in accordance with Section 11(a) or
        (b) hereof,  the Company  may  appoint any third  party,  such as a bank
        trust  department or other party that may be granted  corporate  trustee
        powers  under  state law, as a  successor  to replace  the Trustee  upon
        resignation or removal. The appointment shall be effective when accepted
        in  writing  by the new  Trustee,  who shall  have all of the rights and
        powers of the former Trustee,  including  ownership  rights in the Trust
        assets.  The former  Trustee shall execute any  instrument  necessary or
        reasonably requested by the Company or the successor Trustee to evidence
        the transfer.

Section 13.  Amendment or Termination

(a)  This Trust Agreement may be amended by a written instrument executed by the
     Trustee and the Company.  Notwithstanding the foregoing,  no such amendment
     shall conflict with the terms of the Plan or shall make the Trust revocable
     after it has become irrevocable in accordance with Section 2(b) hereof.

(b)  The Trust  shall not  terminate  until the date on which  Participants  and
     their  beneficiaries  are no longer  entitled to  benefits  pursuant to the
     terms of the Plan.

(c)  Upon written approval of Participants or beneficiaries  entitled to payment
     of benefits  pursuant to the terms of the Plan,  the Company may  terminate
     this Trust prior to the time all benefit  payments under the Plan have been
     made.  All  assets in the Trust at  termination  shall be  returned  to the
     Company.

Section 14.  Miscellaneous

(a)  Any  provision  of  this  Trust  Agreement   prohibited  by  law  shall  be
     ineffective to the extent of any such prohibition, without invalidating the
     remaining provisions hereof.

(b)  Benefits payable to Participants and their  beneficiaries  under this Trust
     Agreement may not be  anticipated,  assigned  (either at law or in equity),
     alienated, pledged, or encumbered; or subjected to attachment, garnishment,
     levy, execution, or other legal or equitable process.

(c)  This Trust  Agreement shall be governed by and construed in accordance with
     the laws of South Carolina to the extent not governed by applicable federal
     law.

Section 15.  Effective Date

        The effective date of this Trust Agreement shall be January 27, 2000.

        IN WITNESS WHEREOF,  the parties hereto have caused this Trust Agreement
to be  executed  by their duly  authorized  officers  on the date and year first
written above.

COMPANY:                                       TRUSTEE:

One Price Clothing Stores, Inc.                Carolina First Bank

By:     /s/ C. Burt Duren                      By:    /s/ Marion W. Beacham, Jr.
        -----------------                             --------------------------
        C. Burt Duren                                 Marion W. Beacham, Jr.
Title:  Vice President & Treasurer             Title: Vice President

                                    EXHIBIT A

                                      None<PAGE>
<PAGE>
                                                           EXHIBIT 10(i)

                       PARTICIPATION AGREEMENT
                       -----------------------

                                AMONG

               GOLDEN AMERICAN LIFE INSURANCE COMPANY,

                        THE GALAXY VIP FUND,

                   FLEET INVESTMENT ADVISORS INC.

                                 AND

                    FIRST DATA DISTRIBUTORS, INC.

     THIS AGREEMENT, dated as of the 1st day of October, 1999, by and
among Golden American Life Insurance Company (the "Company"), a life
insurance company organized under the laws of the State of Delaware,
on its own behalf and on behalf of each separate account of the
Company set forth on Schedule A hereto as may be amended from time to
time (each such account hereinafter referred to as the "Account"),
The Galaxy VIP Fund (the "Fund"), a management investment company and
business trust organized under the laws of the Commonwealth of
Massachusetts, Fleet Investment Advisors Inc. (the "Adviser"), a
corporation organized under the laws of the State of New York, and
First Data Distributors, Inc. (the "Distributor"), a corporation
organized under the laws of the Commonwealth of Massachusetts.

     WHEREAS, the Fund engages in business as an open-end management
investment company and is available to act as the investment vehicle
for separate accounts established for variable life insurance and
variable annuity contracts (the "Variable Insurance Products") to be
offered by insurance companies which have entered into participation
agreements with the Fund, Adviser and Distributor ("Participating
Insurance Companies");

     WHEREAS, the shares of beneficial interest of the Fund are
divided into several series of shares, each designated a "Portfolio"
and representing the interest in a particular managed portfolio of
securities and other assets;

     WHEREAS, the Fund has obtained an order from the Securities and
Exchange Commission (the "SEC") granting Participating Insurance
Companies and variable annuity and variable life insurance separate
accounts exemptions from the provisions of sections 9(a), 13(a),
15(a), and 15(b) of the Investment Company Act of 1940, as amended,
(the "1940 Act") and Rules 6e-2(b)(15) and 6e-3(T)(b)(15) thereunder,
if and to the extent necessary to permit shares of the Fund to be
sold to and held by variable annuity and variable life insurance
separate accounts of both affiliated and unaffiliated life insurance
companies (the "Mixed and Shared Funding Exemptive Order"), and the
parties to this Agreement agree to comply with the conditions or
undertakings specified in the Mixed and Shared Funding Exemptive
Order to the extent applicable to each such party;

     WHEREAS, the Fund is registered as an open-end management
investment company under the 1940 Act and shares of the Portfolios
are registered under the Securities Act of 1933, as amended (the
"1933 Act");

<PAGE>
<PAGE>

     WHEREAS, the Adviser, which serves as investment adviser to the
Designated Portfolios (as hereinafter defined) of the Fund, is duly
registered as an investment adviser under the federal Investment
Advisers Act of 1940, as amended;

     WHEREAS, the Company has registered or will register certain
variable annuity contracts (the "Contracts")  under  the 1933 Act;

     WHEREAS, the Account is a duly organized, validly existing
segregated asset account, established by the Company under the
insurance laws of the State of Delaware, to set aside and invest
assets attributable to the Contracts;

     WHEREAS, the Company has registered the Account as a unit
investment trust under the 1940 Act;

     WHEREAS, the Company has issued or will issue certain variable
life insurance and/or variable annuity contracts supported wholly or
partially by the Account (the "Contracts"), and said Contracts are
listed in Schedule A hereto, as it may be amended from time to time
by mutual written agreement;

     WHEREAS, the Distributor, which serves as distributor to the
Fund, is registered as a broker dealer with the SEC under the
Securities Exchange Act of 1934, as amended (the "1934 Act"), and is
a member in good standing of the National Association of Securities
Dealers, Inc. (the "NASD"); and

     WHEREAS, to the extent permitted by applicable insurance laws
and regulations, the Company intends to purchase shares in the
Portfolios listed in Schedule B hereto, as it may be amended from
time to time by mutual written agreement (the "Designated
Portfolios") on behalf of the Account to fund the aforesaid
Contracts, and the Distributor is authorized to sell such shares to
the Account at net asset value;

     NOW, THEREFORE, in consideration of their mutual promises, the
Company, the Fund, the Adviser, and the Distributor agree as follows:

ARTICLE I.  Sale of Fund Shares
            -------------------

     1.1. The Fund agrees to sell to the Company those shares of the
Designated Portfolios that each Account or the appropriate subaccount
of each Account orders, executing such orders on a daily basis at the
net asset value next computed after receipt and acceptance by the
Fund or its designee of the order for the shares of the Fund.  For
purposes of this Section 1.1, the Company will be the designee of the
Fund for receipt of such orders from each Account or the appropriate
subaccount of each Account and receipt by such designee will
constitute receipt by the Fund; provided that the Fund receives
notice of such order by 10:00 a.m. Eastern Time on the next following
business day ("T+1").  "Business Day" will mean any day on which the
New York Stock Exchange is open for trading and on which the Fund
calculates its net asset value pursuant to the rules of the SEC.

     1.2. The Company will pay for Fund shares on T+1 that an order
to purchase Fund shares is made in accordance with Section 1.1 above.
Payment will be in federal funds transmitted by wire.  This wire
transfer will be initiated by 12:00 p.m. Eastern Time.

     1.3. The Fund agrees to make shares of the Designated Portfolios
available indefinitely for purchase at the applicable net asset value
per share by Participating Insurance Companies and their separate
accounts on those days on which the Fund calculates its Designated
Portfolio net asset value pursuant to rules of the SEC and the Fund
shall use reasonable efforts to calculate such net asset value on

                                -2-

<PAGE>
<PAGE>

each day the New York Stock Exchange is open for trading; provided,
however, that the Board of Trustees of the Fund (the "Fund Board")
may refuse to sell shares of any Portfolio to any person, or suspend
or terminate the offering of shares of any Portfolio if such action
is required by law or by regulatory authorities having jurisdiction
or is, in the sole discretion of the Fund Board, acting in good faith
and in light of its fiduciary duties under federal and any applicable
state laws, necessary in the best interests of the shareholders of
such Portfolio.

     1.4. On each Business Day on which the Fund calculates its net
asset value, the Company will aggregate and calculate the net
purchase or redemption orders for each Account or the appropriate
subaccount of each Account maintained by the Fund in which
contractowner assets are invested.  Net orders will only reflect
orders that the Company has received prior to the close of regular
trading on the New York Stock Exchange, Inc. (the "NYSE") (currently
4:00 p.m., Eastern Time) on that Business Day.  Orders that the
Company has received after the close of regular trading on the NYSE
will be treated as though received on the next Business Day.  Each
communication of orders by the Company will constitute a
representation that such orders were received by it prior to the
close of regular trading on the NYSE on the Business Day on which the
purchase or redemption order is priced in accordance with Rule 22c-1
under the 1940 Act.  Other procedures relating to the handling of
orders will be in accordance with the prospectus and statement of
information of the relevant Designated Portfolio or with oral or
written instructions that the Distributor or the Fund will forward to
the Company from time to time.

     1.5. The Fund agrees that shares of the Fund will be sold only
to Participating Insurance Companies and their separate accounts,
qualified pension and retirement plans or such other persons as are
permitted under applicable provisions of the Internal Revenue Code of
1986, as amended, (the "Internal Revenue Code"), and regulations
promulgated thereunder, the sale to which will not impair the tax
treatment currently afforded the Contracts.  No shares of any
Portfolio will be sold to the general public except as set forth in
this Section 1.5.

     1.6. The Fund agrees to redeem for cash, upon the Company's
request, any full or fractional shares of the Fund held by the
Company, executing such requests on a daily basis at the net asset
value next computed after receipt and acceptance by the Fund or its
agent of the request for redemption.  For purposes of this Section
1.6, the Company will be the designee of the Fund for receipt of
requests for redemption from each Account or the appropriate
subaccount of each Account and receipt by such designee will
constitute receipt by the Fund, provided the Fund receives notice of
request for redemption by 10:00 a.m. Eastern Time on the next
following Business Day.  Payment will be in federal funds transmitted
by wire to the Company's account as designated by the Company in
writing from time to time, on the same Business Day the Fund receives
notice of the redemption order from the Company.  The Fund reserves
the right to delay payment of redemption proceeds, but in no event
may such payment be delayed longer than the period permitted by the
1940 Act.  The Fund will not bear any responsibility whatsoever for
the proper disbursement or crediting of redemption proceeds; the
Company alone will be responsible for such action.  If notification
of redemption is received after 10:00 a.m. Eastern Time, payment for
redeemed shares will be made on the next following Business Day.

     1.7. The Company agrees to purchase and redeem the shares of the
Designated Portfolios offered by the then current prospectus of the
Fund in accordance with the provisions of such prospectus.

     1.8. Issuance and transfer of the Fund's shares will be by book
entry only.  Stock certificates will not be issued to the Company or
any Account.  Purchase and redemption orders for Fund shares will be
recorded in an appropriate title for each Account or the appropriate
subaccount of each Account.

                                -3-

<PAGE>
<PAGE>

     1.9. The Fund will furnish same day notice (by telecopier,
followed by written confirmation) to the Company of the declaration
of any income, dividends or capital gain distributions payable on
each Designated Portfolio's shares.  The Company hereby elects to
receive all such dividends and distributions as are payable on the
Designated Portfolio shares in the form of additional shares of that
Designated Portfolio.  The Fund will notify the Company of the number
of shares so issued as payment of such dividends and distributions.
The Company reserves the right to revoke this election upon
reasonable prior notice to the Fund and to receive all such dividends
and distributions in cash.

     1.10. The Fund will make the net asset value per share for
each Designated Portfolio available to the Company on a daily basis
as soon as reasonably practical after the net asset value per share
is calculated and will use its best efforts to make such net asset
value per share available by 6:00 p.m., Eastern Time, but in no event
later than 7:00 p.m., Eastern Time, each Business Day.

     1.11. In the event adjustments are required to correct any
error in the computation of the net asset value of the Fund's shares,
the Fund or the Distributor will notify the Company as soon as
practicable after discovering the need for those adjustments that
result in an aggregate reimbursement of $150 or more to any one
subaccount of each Account maintained by a Designated Portfolio
unless notified otherwise by the Company (or, if greater, results in
an adjustment of $10 or more to each contractowner's account).  Any
such notice will state for each day for which an error occurred the
incorrect price, the correct price and, to the extent communicated to
the Fund's shareholders, the reason for the price change.  The
Company may send this notice or a derivation thereof (so long as such
derivation is approved in advance by the Distributor or the Adviser)
to contractowners whose accounts are affected by the price change.
The parties will negotiate in good faith to develop a reasonable
method for effecting such adjustments.  The Fund shall provide the
Company, on behalf of the Account or the appropriate subaccount of
each Account, with a prompt adjustment to the number of shares
purchased or redeemed to reflect the correct share net asset value.

     1.12.

          (a)  The parties hereto acknowledge that the arrangement
     contemplated by this Agreement is not exclusive; the Fund's
     shares may be sold to other insurance companies (subject to
     Section 1.5 hereof) and the cash value of the Contracts may be
     invested in other investment companies, provided, however, that
     until this Agreement is terminated pursuant to Article X, the
     Company shall promote the Designated Portfolios on the same
     basis as other funding vehicles available under the Contracts
     and funding vehicles other than those listed on Schedule B to
     this Agreement may be available for the investment of the cash
     value of the Contracts.

          (b)  The Company shall not, without prior notice to the
     Advisor and the Distributor (unless otherwise required by
     applicable law), take any action to operate the Account as a
     management investment company under the 1940 Act.

          (c)  The Company shall not, without prior notice to the
     Advisor and the Distributor (unless otherwise required by
     applicable law), induce contractowners to change or modify the
     Fund or change the Fund's distributor or investment adviser.

          (d)  The Company shall not, without prior notice to the
     Fund, induce contractowners to vote on any matter submitted for
     consideration by the shareholders of the Fund in a manner other
     than as recommended by the Fund Board.

                                -4-

<PAGE>
<PAGE>

ARTICLE II.  Representations and Warranties
             ------------------------------
     2.1. The Company represents and warrants that the Contracts are
or will be registered under the 1933 Act and that the Contracts will
be issued and sold in compliance with all applicable federal and
state laws, including state insurance suitability requirements.  The
Company further represents and warrants that it is an insurance
company duly organized and in good standing under applicable law and
that it has legally and validly established each Account as a
separate account under applicable state law and has registered the
Account as a unit investment trust in accordance with the provisions
of thin 1940 Act to serve as a segregated investment account for the
Contracts, and that it will maintain such registration for so long as
any Contracts are outstanding.  The Company will amend the
registration statement under the 1933 Act for the Contracts and the
registration statement under the 1940 Act for the Account from time
to time as required in order to effect the continuous offering of the
Contracts or as may otherwise be required by applicable law.  The
Company will register and qualify the Contracts for sale in
accordance with the securities laws of the various states only if and
to the extent deemed necessary by the Company.

     2.2. The Company represents that the Contracts are currently and
at the time of issuance will be treated as endowment, annuity or life
insurance contracts under applicable provisions of the Internal
Revenue Code, and that it will make every effort to maintain such
treatment and that it will notify the Fund and the Adviser
immediately upon having a reasonable basis for believing that the
Contracts have ceased to be so treated or that they might not be so
treated in the future.

     2.3. The Company represents and warrants that it will not
purchase shares of the Designated Portfolios with assets derived from
tax-qualified retirement plans except, indirectly, through Contracts
purchased in connection with such plans.

     2.4. The Fund represents and warrants that Fund shares of the
Designated Portfolios sold pursuant to this Agreement will be
registered under the 1933 Act and duly authorized for issuance in
accordance with applicable law and that the Fund is and will remain
registered under the 1940 Act for as long as such shares of the
Designated Portfolios are outstanding.  The Fund will amend the
registration statement for its shares under the 1933 Act and the 1940
Act from time to time as required in order to effect the continuous
offering of its shares.  The Fund will register and qualify the
shares of the Designated Portfolios for sale in accordance with the
laws of the various states only if and to the extent deemed advisable
by the Fund.

     2.5. The Fund represents that it is currently qualified as a
Regulated Investment Company under Subchapter M of the Internal
Revenue Code, and that it will make every effort to maintain such
qualification (under Subchapter M or any successor or similar
provision) and that it will notify the Company immediately upon
having a reasonable basis for believing that it has ceased to so
qualify or that it might not so qualify in the future.

     2.6. The Fund represents and warrants that in performing the
services described in this Agreement, the Fund will comply with all
applicable laws, rules and regulations. The Fund makes no
representation as to whether any aspect of its operations (including,
but not limited to, fees and expenses and investment policies,
objectives and restrictions) complies with the insurance laws and
regulations of any state.  The Fund and the Distributor agree that
upon request they will use their best efforts to furnish the
information required by state insurance laws so that the Company can
obtain the authority needed to issue the Contracts in the various
states.

                                -5-

<PAGE>
<PAGE>

     2.7. The Fund currently does not intend to make any payments to
finance distribution expenses pursuant to Rule 12b-1 under the 1940
Act, although it reserves the right to make such payments in the
future.  To the extent that it decides to finance distribution
expenses pursuant to Rule 12b-1 the Fund undertakes to have its Fund
Board formulate and approve any plan under Rule 12b-1 to finance
distribution expenses in accordance with the 1940 Act.

     2.8. The Distributor represents and warrants that it will
distribute the Fund shares of the Designated Portfolios in accordance
with all applicable federal and state securities laws including,
without limitation, the 1933 Act, the 1934 Act and the 1940 Act.

     2.9. The Fund represents that it is lawfully organized and
validly existing under the laws of the Commonwealth of Massachusetts
and that it does and will comply in all material respects with
applicable provisions of the 1940 Act.

     2.10. The Distributor represents and warrants that it is and
will remain duly registered under all applicable federal and state
securities laws and that it will perform its obligations for the Fund
in accordance in all material respects with any applicable state and
federal securities laws.

     2.11. The Fund and the Distributor represent and warrant
that all of their trustees, officers, employees, investment advisers,
and other individuals/entities having access to the funds and/or
securities of the Fund are and continue to be at all times covered by
a blanket fidelity bond or similar coverage for the benefit of the
Fund in an amount not less than the minimal coverage as required
currently by Rule 17g-(1) of the 1940 Act or related provisions as
may be promulgated from time to time.  The aforesaid bond includes
coverage for larceny and embezzlement and is issued by a reputable
bonding company.

ARTICLE III.  Prospectuses and Proxy Statements; Voting
              -----------------------------------------
     3.1. The Fund or the Distributor will provide the Company, at
the Fund's or its affiliate's expense, with as many copies of the
current Fund prospectus for the Designated Portfolios as the Company
may reasonably request for distribution, at the Company's expense, to
prospective contractowners and applicants.  The Fund or the
Distributor will provide, at the Fund's or its affiliate's expense,
as many copies of said prospectus as necessary for distribution, at
the Company's expense, to existing contractowners.  The Fund or the
Distributor will provide the copies of said prospectus to the Company
or to its mailing agent.  If requested by the Company in lieu
thereof, the Fund or the Distributor will provide such documentation,
including a computer diskette or a final copy of a current prospectus
set in type at the Fund's or its affiliate's expense, and such other
assistance as is reasonably necessary in order for the Company at
least annually (or more frequently if the Fund prospectus is amended
more frequently) to have the Fund's prospectus and the prospectuses
of other mutual funds in which assets attributable to the Contracts
may be invested printed together in one document, in which case the
Fund or its affiliate will bear its reasonable share of expenses as
described above, allocated based on the proportionate number of pages
of the Fund's and other fund's respective portions of the document.

     3.2. The Fund or the Distributor will provide the Company, at
the Fund's or its affiliate's expense, with as many copies of the
statement of additional information as the Company may reasonably
request for distribution, at the Company's expense, to prospective
contractowners and applicants.  The Fund or the Distributor will
provide, at the Fund's or its affiliate's expense, as many copies of
said statement of additional information as necessary for
distribution, at the Company's expense, to any existing contractowner
who requests such statement or whenever state or federal law
otherwise requires that such

                                -6-

<PAGE>
<PAGE>

statement be provided.  The Fund or the Distributor will provide the
copies of said statement of additional information to the Company or to
its mailing agent.

     3.3. The Fund or the Distributor, at the Fund's or its
affiliate's expense, will provide the Company or its mailing agent
with copies of its proxy material, if any, reports to shareholders
and other communications to shareholders in such quantity as the
Company will reasonably require.  The Company will distribute this
proxy material, reports and other communications to existing
contractowners and tabulate the votes.

     3.4. If and to the extent required by law the Company will:

          (a)  solicit voting instructions from contractowners;

          (b)  vote the shares of the Designated Portfolios held in
     the Account in accordance with instructions received from
     contractowners; and

          (c)  vote shares of the Designated Portfolios held in the
     Account for which no timely instructions have been received, as
     well as shares it owns, in the same proportion as shares of such
     Designated Portfolio for which instructions have been received
     from the Company's contractowners;

so long as and to the extent that the SEC continues to interpret the
1940 Act to require pass-through voting privileges for variable
contractowners.  Except as set forth above, the Company reserves the
right to vote Fund shares held in any segregated asset account in its
own right, to the extent permitted by law.  The Company will be
responsible for assuring that each of its separate accounts
participating in the Fund calculates voting privileges in a manner
consistent with all legal requirements, including the Mixed and
Shared Funding Exemptive Order.

     3.5. The Fund will comply with all provisions of the 1940 Act
requiring voting by shareholders, and in particular, the Fund either
will provide for annual meetings (except insofar as the SEC may
interpret Section 16 of the 1940 Act not to require such meetings)
or, as the Fund currently intends to comply with Section 16(c) of the
1940 Act (although the Fund is not one of the trusts described in
Section 16(c) of that Act) as well as with Sections 16(a) and, if and
when applicable, 16(b).  Further, the Fund will act in accordance
with the SEC's interpretation of the requirements of Section 16(a)
with respect to periodic elections of trustees and with whatever
rules the SEC may promulgate with respect thereto.

ARTICLE IV.  Sales Material and Information
             ------------------------------
     4.1. The Distributor will provide the Company on a timely basis
with investment performance information for each Designated Portfolio
in which the Company maintains a subaccount of the Account, including
total return for the preceding calendar month and calendar quarter,
the calendar year to date, and the prior one-year, five-year, and ten
year (or life of the Fund) periods.  The Company may, based on the
SEC mandated information supplied by the Distributor, prepare
communications for contractowners ("Contractowner Materials").  The
Company will provide copies of all Contractowner Materials
concurrently with their first use for the Distributor's internal
recordkeeping purposes.  It is understood that neither the
Distributor nor any Designated Portfolio will be responsible for
errors or omissions in, or the content of, Contractowner Materials
except to the extent that the error or omission resulted from
information provided by or on behalf of the Distributor or the
Designated Portfolio.  Any printed information that is furnished to
the Company pursuant to this Agreement other than each Designated

                                -7-

<PAGE>
<PAGE>

Portfolio's prospectus or statement of additional information (or
information supplemental thereto), periodic reports and proxy
solicitation materials is the Distributor's sole responsibility and
not the responsibility of any Designated Portfolio or the Fund. The
Company agrees that the Portfolios, the shareholders of the
Portfolios and the officers and governing Board of the Fund will have
no liability or responsibility to the Company in these respects.

     4.2. The Company will not give any information or make any
representations or statements on behalf of the Fund or concerning the
Fund in connection with the sale of the Contracts other than the
information or representations contained in the registration
statement, prospectus or statement of additional information for Fund
shares, as such registration statement, prospectus and statement of
additional information may be amended or supplemented from time to
time, or in reports or proxy statements for the Fund, or in published
reports for the Fund which are in the public domain or approved by
the Fund or the Distributor for distribution, or in sales literature
or other material provided by the Fund, Adviser or by the
Distributor, except with permission of the Distributor.  Any piece of
sales literature or other promotional material intended to be used by
the Company which requires the permission of the Distributor prior to
use will be furnished by Company to the Distributor, or its designee,
at least ten (10) business days prior to its use.  No such material
will be used if the Distributor reasonably objects to such use within
five (5) business days after receipt of such material.

Nothing in this Section 4.2 will be construed as preventing the
Company or its employees or agents from giving advice on investment
in the Fund.

     4.3. The Fund, the Adviser or the Distributor will furnish, or
will cause to be furnished, to the Company or its designee, each
piece of sales literature or other promotional material in which the
Company or its Account is named, at least ten (10) business days
prior to its use.  No such material will be used if the Company
reasonably objects to such use within five (5) business days after
receipt of such material.

     4.4. The Fund, the Adviser and the Distributor will not give any
information or make any representations or statements on behalf of
the Company or concerning the Company, each Account, or the Contracts
other than the information or representations contained in a
registration statement, prospectus or statement of additional
information for the Contracts, as such registration statement,
prospectus and statement of additional information may be amended or
supplemented from time to time, or in published reports for each
Account or the Contracts which are in the public domain or approved
by the Company for distribution to contractowners, or in sales
literature or other material provided by the Company, except with
permission of the Company.  The Company agrees to respond to any
request for approval on a prompt and timely basis.

     4.5. The Fund will provide to the Company at least one complete
copy of all registration statements, prospectuses, statements of
additional information, reports, proxy statements, sales literature
and other promotional materials, applications for exemptions,
requests for no-action letters, and all amendments to any of the
above, that relate to the Fund or its shares, contemporaneously with
the filing of such document with the SEC, the NASD or other
regulatory authority.

     4.6. The Company will provide to the Fund at least one complete
copy of all registration statements, prospectuses, statements of
additional information, reports, solicitations for voting
instructions, sales literature and other promotional materials,
applications for exemptions, requests for no action letters, and all
amendments to any of the above, that relate to the Contracts or each
Account, contemporaneously with the filing of such document with the
SEC, the NASD or other regulatory authority.

                                -8-

<PAGE>
<PAGE>

     4.7. For purposes of this Article IV, the phrase "sales
literature or other promotional material" includes, but is not
limited to, advertisements (such as material published, or designed
for use in, a newspaper, magazine, or other periodical, radio,
television, telephone or tape recording, videotape display, signs or
billboards, motion pictures, or other public media, (e.g., on-line
networks such as the Internet or other electronic messages), sales
literature (i.e., any written communication distributed or made
generally available to customers or the public, including brochures,
circulars, research reports, market letters, form letters, seminar
texts, reprints or excerpts of any other advertisements, sales
literature, or published article), educational or training materials
or other communications distributed or made generally available to
some or all agents or employees, registration statements,
prospectuses, statements of additional information, shareholder
reports, and proxy materials and any other material constituting
sales literature or advertising under the NASD rules, the 1933 Act or
the 1940 Act.

     4.8. The Fund and the Distributor hereby consent to the
Company's use of the names Fleet Investment Advisors Inc., The Galaxy
VIP Fund, the portfolio names designated on Schedule B or other
designated names as may be used from time to time in connection with
the marketing of the Contracts, subject to the terms of Sections 4.1
and 4.2 of this Agreement.  Such consent will terminate with the
termination of this Agreement.

ARTICLE V.  Fees and Expenses
            -----------------
     5.1. The Fund, the Adviser and the Distributor will pay no fee
or other compensation to the Company under this Agreement except if
the Fund or any Designated Portfolio adopts and implements a plan
pursuant to Rule 12b-1 under the 1940 Act to finance distribution
expenses, then, subject to obtaining any required exemptive orders or
other regulatory approvals, the Fund may make payments to the Company
or to the underwriter for the Contracts if and in such amounts agreed
to by the Fund in writing.

     5.2. All expenses incident to performance by the Fund of this
Agreement will be paid by the Fund to the extent permitted by law.
The Fund will bear the expenses for the cost of registration and
qualification of the Fund's shares; preparation and filing of the
Fund's prospectus, statement of additional information and
registration statement, proxy materials and reports; setting in type
and printing the Fund's prospectus; setting in type and printing
proxy materials and reports by it to contractowners (including the
costs of printing a Fund prospectus that constitutes an annual
report); the preparation of all statements and notices required by
any federal or state law; all taxes on the issuance or transfer of
the Fund's shares; any expenses permitted to be paid or assumed by
the Fund pursuant to a plan, if any, under Rule 12b-1 under the 1940
Act; and all other expenses set forth in Article III of this
Agreement.

ARTICLE VI.  Diversification and Qualification
             ---------------------------------
     6.1. The Adviser will ensure that the Fund will at all times
invest money from the Contracts in such a manner as to ensure that
the Contracts will be treated as variable annuity contracts under the
Internal Revenue Code and the regulations issued thereunder.  Without
limiting the scope of the foregoing, the Fund will comply with
Section 817(h) of the Internal Revenue Code and Treasury Regulation
1.817-5, as amended from time to time, relating to the
diversification requirements for variable annuity, endowment, or life
insurance contracts and any amendments or other modifications to such
Section or Regulation.  In the event of a breach of this Article VI
by the Fund, it will take all reasonable steps: (a) to notify the
Company of such breach; and (b) to adequately diversify the Fund so
as to achieve compliance within the grace period afforded by Treasury
Regulation 1.817-5.

                                -9-

<PAGE>
<PAGE>

     6.2. The Fund represents that it is or will be qualified as a
Regulated Investment Company under Subchapter M of the Internal
Revenue Code, and that it will make every effort to maintain such
qualification (under Subchapter M or any successor or similar
provisions) and that it will notify the Company immediately upon
having a reasonable basis for believing that it has ceased to so
qualify or that it might not so qualify in the future.

     6.3. The Company represents that the Contracts are currently,
and at the time of issuance shall be, treated as life insurance or
annuity insurance contracts, under applicable provisions of the
Internal Revenue Code, and that it will make every effort to maintain
such treatment, and that it will notify the Fund and the Distributor
immediately upon having a reasonable basis for believing the
Contracts have ceased to be so treated or that they might not be so
treated in the future.  The Company agrees that any prospectus
offering a contract that is a "modified endowment contract" as that
term is defined in Section 7702A of the Internal Revenue Code (or any
successor or similar provision), shall identify such contract as a
modified endowment contract.

ARTICLE VII.  Potential Conflicts
              -------------------
     7.1. The Fund Board will monitor the Fund for the existence of
any material irreconcilable conflict between the interests of the
contractowners of all separate accounts investing in the Fund.  An
irreconcilable material conflict may arise for a variety of reasons,
including:  (a) an action by any state insurance regulatory
authority; (b) a change in applicable federal or state insurance,
tax, or securities laws or regulations, or a public ruling, private
letter ruling, no-action or interpretative letter, or any similar
action by insurance, tax, or securities regulatory authorities; (c)
an administrative or judicial decision in any relevant proceeding;
(d) the manner in which the investments of any Portfolio are being
managed; (e) a difference in voting instructions given by variable
annuity contract and variable life insurance contractowners; or (f) a
decision by an insurer to disregard the voting instructions of
contractowners.  The Fund Board shall promptly inform the Company if
it determines that an irreconcilable material conflict exists and the
implications thereof.

     7.2. The Company will report any potential or existing conflicts
of which it is aware to the Fund Board.  The Company will assist the
Fund Board in carrying out its responsibilities under the Mixed and
Shared Funding Exemptive Order, by providing the Fund Board with all
information reasonably necessary for the Fund Board to consider any
issues raised.  This includes, but is not limited to, an obligation
by the Company to inform the Fund Board whenever contractowner voting
instructions are disregarded.

     7.3. If it is determined by a majority of the Fund Board, or a
majority of its disinterested members, that a material irreconcilable
conflict exists, the Company and other Participating Insurance
Companies shall, at their expense and to the extent reasonably
practicable (as determined by a majority of the disinterested Fund
Board members), take whatever steps are necessary to remedy or
eliminate the irreconcilable material conflict, up to and including:
(1) withdrawing the assets allocable to some or all of the separate
accounts from the Fund or any Portfolio and reinvesting such assets
in a different investment medium, including (but not limited to)
another Portfolio of the Fund, or submitting the question whether
such segregation should be implemented to a vote of all affected
contractowners and, as appropriate, segregating the assets of any
appropriate group (i.e., annuity contractowners, life insurance
contractowners, or variable contract owners of one or more
Participating Insurance Companies) that votes in favor of such
segregation, or offering to the affected contractowners the option of
making such a change; and (2) establishing a new registered
management investment company or managed separate account.

                                -10-

<PAGE>
<PAGE>

     7.4. If a material irreconcilable conflict arises because of a
decision by the Company to disregard contractowner voting
instructions and that decision represents a minority position or
would preclude a majority vote, the Company may be required, at the
Fund's election, to withdraw the Account's investment in the Fund and
terminate this Agreement with respect to each Account; provided,
however, that such withdrawal and termination shall be limited to the
extent required by the foregoing material irreconcilable conflict as
determined by a majority of the disinterested members of the Fund
Board.  Any such withdrawal and termination must take place within
six (6) months after the Fund gives written notice that this
provision is being implemented, and until the end of that six month
period the Fund shall continue to accept and implement orders by the
Company for the purchase (and redemption) of shares of the Fund.

     7.5. If a material irreconcilable conflict arises because a
particular state insurance regulator's decision applicable to the
Company conflicts with the majority of other state regulators, then
the Company will withdraw the affected Account's investment in the
Fund and terminate this Agreement with respect to such Account within
six months after the Fund Board informs the Company in writing that
it has determined that such decision has created an irreconcilable
material conflict; provided, however, that such withdrawal and
termination shall be limited to the extent required by the foregoing
material irreconcilable conflict as determined by a majority of the
disinterested members of the Fund Board.  Until the end of the
foregoing six month period, the Fund shall continue to accept and
implement orders by the Company for the purchase (and redemption) of
shares of the Fund.

     7.6. For purposes of Section 7.3 through 7.6 of this Agreement,
a majority of the disinterested members of the Fund Board shall
determine whether any proposed action adequately remedies any
irreconcilable material conflict, but in no event will the Fund be
required to establish a new funding medium for the Contracts.  The
Company shall not be required by Section 7.3 to establish a new
funding medium for the Contract if an offer to do so has been
declined by vote of a majority of Contract owners materially
adversely affected by the irreconcilable material conflict.  In the
event that the Fund Board determines that any proposed action does
not adequately remedy any irreconcilable material conflict, then the
Company will withdraw the Account's investment in the Fund and
terminate this Agreement within six (6) months after the Fund Board
informs the Company in writing of the foregoing determination;
provided, however, that such withdrawal and termination shall be
limited to the extent required by any such material irreconcilable
conflict as determined by a majority of the disinterested members of
the Fund Board.

     7.7. If and to the extent the Mixed and Shared Funding Exemptive
Order or any amendment thereto contains terms and conditions
different from Sections 3.4, 3.5, 3.6, 7.1, 7.2, 7.3, 7.4, and 7.5 of
this Agreement, then the Fund and/or the Participating Insurance
Companies, as appropriate, shall take such steps as may be necessary
to comply with the Mixed and Shared Funding Exemptive Order, and
Sections 3.4, 3.5, 3.6, 7.1, 7.2, 7.3, 7.4 and 7.5 of this Agreement
shall continue in effect only to the extent that terms and conditions
substantially identical to such Sections are contained in the Mixed
and Shared Funding Exemptive Order or any amendment thereto.  If and
to the extent that Rule 6e-2 and Rule 6e-3(T) are amended, or Rule 6e-
3 is adopted, to provide exemptive relief from any provision of the
1940 Act or the rules promulgated thereunder with respect to mixed or
shared funding (as defined in the Mixed and Shared Funding Exemptive
Order) on terms and conditions materially different from those
contained in the Mixed and Shared Funding Exemptive Order, then (a)
the Fund and/or the Participating Insurance Companies, as
appropriate, shall take such steps as may be necessary to comply with
Rules 6e-2 and 6e-3(T), as amended, and Rule 6e-3, as adopted, to the
extent such rules are applicable; and (b) Sections 3.5, 3.6, 7.1.,
7.2, 7.3, 7.4, and 7.5 of this Agreement shall continue in effect
only to the
                                -11-

<PAGE>
<PAGE>

extent that terms and conditions substantially identical
to such Sections are contained in such Rule(s) as so amended or
adopted.

ARTICLE VIII.  Indemnification
               ---------------
     8.1. Indemnification By the Company
          ------------------------------
          (a)  The Company agrees to indemnify and hold harmless the
     Fund, the Adviser, the Distributor, and each person, if any, who
     controls or is associated with the Fund, the Adviser or the
     Distributor within the meaning of such terms under the federal
     securities laws and any director, trustee, officer, partner,
     employee or agent of the foregoing (collectively, the
     "Indemnified Parties" for purposes of this Section 8.1) against
     any and all losses, claims, expenses, damages, liabilities
     (including amounts paid in settlement with the written consent
     of the Company) or litigation (including reasonable legal and
     other expenses), to which the Indemnified Parties may become
     subject under any statute, regulation, at common law or
     otherwise, insofar as such losses, claims, damages, liabilities
     or expenses (or actions in respect thereof) or settlements:

               (1)  arise out of or are based upon any untrue
          statements or alleged untrue statements of any material
          fact contained in the registration statement, prospectus or
          statement of additional information for the Contracts or
          contained in the Contracts or sales literature or other
          promotional material for the Contracts (or any amendment or
          supplement to any of the foregoing), or arise out of or are
          based upon the omission or the alleged omission to state
          therein a material fact required to be stated or necessary
          to make such statements not misleading in light of the
          circumstances in which they were made; provided that this
          agreement to indemnify will not apply as to any Indemnified
          Party if such statement or omission or such alleged
          statement or omission was made in reliance upon and in
          conformity with written information furnished to the
          Company by the Fund, the Adviser or the Distributor for use
          in the registration statement, prospectus or statement of
          additional information for the Contracts or in the
          Contracts or sales literature (or any amendment or
          supplement) or otherwise for use in connection with the
          sale of the Contracts or Fund shares; or

               (2)  arise out of or as a result of statements or
          representations by or on behalf of the Company or wrongful
          conduct of the Company or persons under its control, with
          respect to the sale or distribution of the Contracts or
          Fund shares; or

               (3)  arise out of any untrue statement or alleged
          untrue statement of a material fact contained in the Fund
          registration statement, prospectus, statement of additional
          information or sales literature or other promotional
          material of the Fund (or amendment or supplement) or the
          omission or alleged omission to state therein a material
          fact required to be stated therein or necessary to make
          such statements not misleading in light of the
          circumstances in which they were made, if such a statement
          or omission was made in reliance upon and in conformity
          with information furnished to the Fund by or on behalf of
          the Company or persons under its control; or

               (4)  arise as a result of any failure by the Company
          to provide the services and furnish the materials under the
          terms of this Agreement; or

                                -12-

<PAGE>
<PAGE>

               (5)  arise out of any material breach of any
          representation and/or warranty made by the Company in this
          Agreement or arise out of or result from any other material
          breach by the Company of this Agreement;

     except to the extent provided in Sections 8.1(b) and 8.3 hereof.
     This indemnification will be in addition to any liability that
     the Company otherwise may have.

          (b)  No party will be entitled to indemnification under
     Section 8.1(a) to the extent such loss, claim, damage, liability
     or litigation is due to the willful misfeasance, bad faith, or
     gross negligence in the performance of such party's duties under
     this Agreement, or by reason of such party's reckless disregard
     of its obligations or duties under this Agreement by the party
     seeking indemnification.

          (c)  The Indemnified Parties promptly will notify the
     Company of the commencement of any litigation, proceedings,
     complaints or actions by regulatory authorities against them in
     connection with the issuance or sale of the Fund shares or the
     Contracts or the operation of the Fund.

     8.2. Indemnification By the Adviser, the Fund and the Distributor
          ------------------------------------------------------------
          (a)  The Adviser, the Fund and the Distributor, in each
     case solely to the extent relating to such party's
     responsibilities hereunder, agree to indemnify and hold harmless
     the Company and each person, if any, who controls or is
     associated with the Company within the meaning of such terms
     under the federal securities laws and any director, trustee,
     officer, partner, employee or agent of the foregoing
     (collectively, the "Indemnified Parties" for purposes of this
     Section 8.2) against any and all losses, claims, expenses,
     damages, liabilities (including amounts paid in settlement with
     the written consent of the Adviser) or litigation (including
     reasonable legal and other expenses) to which the Indemnified
     Parties may become subject under any statute, regulation, at
     common law or otherwise, insofar as such losses, claims,
     damages, liabilities or expenses (or actions in respect thereof)
     or settlements:

               (1)  arise out of or are based upon any untrue
          statement or alleged untrue statement of any material fact
          contained in the registration statement, prospectus or
          statement of additional information for the Fund or sales
          literature or other promotional material of the Fund (or
          any amendment or supplement to any of the foregoing), or
          arise out of or are based upon the omission or the alleged
          omission to state therein a material fact required to be
          stated or necessary to make such statements not misleading
          in light of the circumstances in which they were made;
          provided that this agreement to indemnify will not apply as
          to any Indemnified Party if such statement or omission or
          such alleged statement or omission was made in reliance
          upon and in conformity with information furnished to the
          Adviser, the Distributor or the Fund by or on behalf of the
          Company for use in the registration statement, prospectus
          or statement of additional information for the Fund or in
          sales literature of the Fund (or any amendment or
          supplement thereto) or otherwise for use in connection with
          the sale of the Contracts or Fund shares; or

               (2)  arise out of or as a result of statements or
          representations or wrongful conduct of the Adviser, the
          Fund or the Distributor or persons under the control of the
          Adviser, the Fund or the Distributor respectively, with
          respect to the sale of the Fund shares; or

                                -13-

<PAGE>
<PAGE>

               (3)  arise out of any untrue statement or alleged
          untrue statement of a material fact contained in a
          registration statement, prospectus, statement of additional
          information or sales literature or other promotional
          material covering the Contracts (or any amendment or
          supplement thereto), or the omission or alleged omission to
          state therein a material fact required to be stated or
          necessary to make such statement or statements not
          misleading in light of the circumstances in which they were
          made, if such statement or omission was made in reliance
          upon and in conformity with written information furnished
          to the Company by the Adviser, the Fund or the Distributor
          or persons under the control of the Adviser, the Fund or
          the Distributor; or

               (4)  arise as a result of any failure by the Fund, the
          Adviser or the Distributor to provide the services and
          furnish the materials under the terms of this Agreement
          (including a failure, whether unintentional or in good
          faith or otherwise, to comply with the diversification
          requirements and procedures related thereto specified in
          Article VI of this Agreement); or

               (5)  arise out of or result from any material breach
          of any representation and/or warranty made by the Adviser,
          the Fund or the Distributor in this Agreement, or arise out
          of or result from any other material breach of this
          Agreement by the Adviser, the Fund or the Distributor;

     except to the extent provided in Sections 8.2(b) and 8.3 hereof.
     This indemnification will be in addition to any liability that
     the Fund, Adviser or the Distributor otherwise may have.

          (b)  No party will be entitled to indemnification under
     Section 8.2(a) to the extent such loss, claim, damage, liability
     or litigation is due to the willful misfeasance, bad faith, or
     gross negligence in the performance of such party's duties under
     this Agreement, or by reason of such party's reckless disregard
     of its obligations or duties under this Agreement by the party
     seeking indemnification.

          (c)  The Indemnified Parties will promptly notify the
     Adviser, the Fund and the Distributor of the commencement of any
     litigation, proceedings, complaints or actions by regulatory
     authorities against them in connection with the issuance or sale
     of the Contracts or the operation of the account.

     8.3. Indemnification Procedure
          -------------------------
     Any person obligated to provide indemnification under this
Article VIII ("Indemnifying Party" for the purpose of this Section
8.3) will not be liable under the indemnification provisions of this
Article VIII with respect to any claim made against a party entitled
to indemnification under this Article VIII ("Indemnified Party" for
the purpose of this Section 8.3) unless such Indemnified Party will
have notified the Indemnifying Party in writing within a reasonable
time after the summons or other first legal process giving
information of the nature of the claim will have been served upon
such Indemnified Party (or after such party will have received notice
of such service on any designated agent), but failure to notify the
Indemnifying Party of any such claim will not relieve the
Indemnifying Party from any liability which it may have to the
Indemnified Party against whom such action is brought otherwise than
on account of the indemnification provision of this Article VIII,
except to the extent that the failure to notify results in the
failure of actual notice to the Indemnifying Party and such
Indemnifying Party is damaged solely as a result of failure to give
such notice.  In case any such action is brought against the
Indemnified Party, the

                                -14-

<PAGE>
<PAGE>

Indemnifying Party will be entitled to participate, at its own expense,
in the defense thereof.  The Indemnifying Party also will be entitled
to assume the defense thereof, with counsel satisfactory to the party
named in the action. After notice from the Indemnifying Party to the
Indemnified Party of  the Indemnifying Party's election to assume the
defense thereof, the Indemnified Party will bear the fees and expenses of
any additional counsel retained by it, and the Indemnifying Party will
not be liable to such party under this Agreement for any legal or other
expenses subsequently incurred by such party independently in connection
with the defense thereof other than reasonable costs of investigation,
unless: (a) the Indemnifying Party and the Indemnified Party will
have mutually agreed to the retention of such counsel; or (b) the
named parties to any such proceeding (including any impleaded
parties) include both the Indemnifying Party and the Indemnified
Party and representation of both parties by the same counsel would be
inappropriate due to actual or potential differing interests between
them. The Indemnifying Party will not be liable for any settlement of
any proceeding effected without its written consent but if settled
with such consent or if there is a final judgment for the plaintiff,
the Indemnifying Party agrees to indemnify the Indemnified Party from
and against any loss or liability by reason of such settlement or
judgment.  A successor by law of the parties to this Agreement will
be entitled to the benefits of the indemnification contained in this
Article VIII.  The  indemnification provisions contained in this
Article VIII will survive any termination of this Agreement.

     8.4  Distributor Limitation on Liability.  Notwithstanding the
          ------------------------------------
foregoing, the Distributor shall not be liable to any party to this
Agreement for lost profits, punitive, special, incidental, indirect
or consequential damages.

ARTICLE IX.  Applicable Law
             --------------
     9.1  This Agreement shall be construed and the provisions hereof
interpreted under and in accordance with the laws of the State of
Delaware.

     9.2  This Agreement shall be subject to the provisions of the
1933, 1934 and 1940 Acts, and the rules and regulations and rulings
thereunder, including such exemptions from those statutes, rules and
regulations as the SEC may grant (including, but not limited to, any
Mixed and Shared Funding Exemptive Order) and the terms hereof shall
be interpreted and construed in accordance therewith.  If, in the
future, the Mixed and Shared Funding Exemptive Order should no longer
be necessary under applicable law, then Article VII shall no longer
apply.

ARTICLE X. Termination
           -----------
     10.1.     This Agreement will terminate:

          (a)  at the option of any party, with or without cause,
     with respect to some or all of the Designated Portfolios, upon
     sixty (60) days' advance written notice to the other parties or,
     if later, upon receipt of any required exemptive relief or
     orders from the SEC, unless otherwise agreed in a separate
     written agreement among the parties; or

          (b)  at the option of the Company, upon receipt of the
     Company's written notice by the other parties, with respect to
     any Designated Portfolio if shares of the Designated Portfolio
     are not reasonably available to meet the requirements of the
     Contracts as determined in good faith by the Company; or

                                -15-

<PAGE>
<PAGE>

          (c)  at the option of the Company, upon receipt of the
     Company's written notice by the other parties, with respect to
     any Designated Portfolio in the event any of the Designated
     Portfolio's shares are not registered, issued or sold in
     accordance with applicable state and/or Federal law or such law
     precludes the use of such shares as the underlying investment
     media of the Contracts issued or to be issued by Company; or

          (d)  at the option of the Fund, upon receipt of the Fund's
     written notice by the other parties, upon institution of formal
     proceedings against the Company by the NASD, the SEC, the
     insurance commission of any state or any other regulatory body
     regarding the Company's duties under this Agreement or related
     to the sale of the Contracts, the administration of the
     Contracts, the operation of the Account, or the purchase of the
     Fund shares, provided that the Fund determines in its sole
     judgment, exercised in good faith, that any such proceeding
     would have a material adverse effect on the Company's ability to
     perform its obligations under this Agreement; or

          (e)  at the option of the Company, upon receipt of the
     Company's written notice by the other parties, upon institution
     of formal proceedings against the Fund, Adviser or the
     Distributor by the NASD, the SEC, or any state securities or
     insurance department or any other regulatory body, provided that
     the Company determines in its sole judgment, exercised in good
     faith, that any such proceeding would have a material adverse
     effect on the Fund's or the Distributor's ability to perform its
     obligations under this Agreement; or

          (f)  at the option of the Company, upon receipt of the
     Company's written notice by the other parties, if the Fund
     ceases to qualify as a Regulated Investment Company under
     Subchapter M of the Internal Revenue Code, or under any
     successor or similar provision, or if the Company reasonably and
     in good faith believes that the Fund may fail to so qualify; or

          (g)  at the option of the Company, upon receipt of the
     Company's written notice by the other parties, with respect to
     any Designated Portfolio if the Fund fails to meet the
     diversification requirements specified in Article VI hereof or
     if the Company reasonably and in good faith believes the Fund
     may fail to meet such requirements; or

          (h)  at the option of any party to this Agreement, upon
     written notice to the other parties, upon another party's
     material breach of any provision of this Agreement which
     material breach is not cured within thirty (30) days of said
     notice; or

          (i)  at the option of the Company, if the Company
     determines in its sole judgment exercised in good faith, that
     either the Fund, the Adviser or the Distributor has suffered a
     material adverse change in its business, operations or financial
     condition since the date of this Agreement or is the subject of
     material adverse publicity which is likely to have a material
     adverse impact upon the business and operations of the Company,
     such termination to be effective sixty (60) days' after receipt
     by the other parties of written notice of the election to
     terminate; or

          (j)  at the option of the Fund or the Distributor, if the
     Fund or the Distributor respectively, determines in its sole
     judgment exercised in good faith, that the Company has suffered
     a material adverse change in its business, operations or
     financial condition since the date of this Agreement or is the
     subject of material adverse publicity which is likely to have a
     material adverse impact upon the business and operations of the
     Fund or the Adviser, such termination to be effective sixty (60)
     days' after receipt by the other parties of written notice of
     the election to terminate; or

                                -16-

<PAGE>
<PAGE>

          (k)  at the option of the Company or the Fund upon receipt
     of any necessary regulatory approvals and/or the vote of the
     contractowners having an interest in the Account (or any
     subaccount) to substitute the shares of another investment
     company for the corresponding Designated Portfolio shares of the
     Fund in accordance with the terms of the Contracts for which
     those Designated Portfolio shares had been selected to serve as
     the underlying investment media. The Company will give sixty
     (60) days' prior written notice to the Fund of the date of any
     proposed vote or other action taken to replace the Fund's
     shares; or

          (l)  at the option of the Company or the Fund upon a
     determination by a majority of the Fund Board, or a majority of
     the disinterested Fund Board members, that an irreconcilable
     material conflict exists among the interests of:  (1) all
     contractowners of variable insurance products of all separate
     accounts; or (2) the interests of the Participating Insurance
     Companies investing in the Fund as set forth in Article VII of
     this Agreement; or

          (m)  at the option of the Fund in the event any of the
     Contracts are not issued or sold in accordance with applicable
     federal and/or state law.  Termination will be effective
     immediately upon such occurrence without notice.

     10.2.     Notice Requirement.  No termination of this Agreement
               ------------------
will be effective unless and until the party terminating this
Agreement gives prior written notice to all other parties of its
intent to terminate, which notice will set forth the basis for the
termination.

     10.3.     Effect of Termination.  Notwithstanding any
               ---------------------
termination of this Agreement, the Fund and the Distributor will, at
the option of the Company, continue to make available additional
shares of the Fund pursuant to the terms and conditions of this
Agreement, for all Contracts in effect on the effective date of
termination of this Agreement ( hereinafter referred to as "Existing
Contracts.") .  Specifically, without limitation, the owners of the
Existing Contracts will be permitted to reallocate investments in the
Portfolios (as in effect on such date), redeem investments in the
Portfolios and/or invest in the Portfolios upon the making of
additional purchase payments under the Existing Contracts.

     10.4.     Surviving Provisions.  Notwithstanding any termination
               --------------------
of this Agreement, each party's obligations under Article VIII to
indemnify other parties will survive and not be affected by any
termination of this Agreement.  In addition, each party's obligations
under Section 12.7 will survive and not be affected by any
termination of this Agreement.  Finally, with respect to Existing
Contracts, all provisions of this Agreement also will survive and not
be affected by any termination of this Agreement.

ARTICLE XI.  Notices
             -------
     11.1.     Any notice shall be sufficiently given when sent by
registered or certified mail to the other party at the address of
such party set forth below or at such other address as such party may
from time to time specify in writing to the other party.

     If to the Fund:     THE GALAXY VIP FUND
                         c/o William Greilich
                         4400 Computer Drive
                         Westborough, MA  01581-9896

     If to the Company:  Golden American Life Insurance Company
                         c/o Myles Tashman

                                -17-

<PAGE>
<PAGE>

                         Executive Vice President and General Counsel
                         1475 Dunwoody Drive
                         West Chester, PA 19380

     If to Adviser:      Fleet Investment Advisers Inc.
                         c/o Tom O' Neill, President
                         4400 Computer Drive
                         Westborough, MA  01581-9896

     If to Distributor:  First Data Distributors, Inc.
                         c/o President
                         4400 Computer Drive
                         Westborough, MA  01581-9896

ARTICLE XII.  Miscellaneous
              -------------
     12.1.     All persons dealing with the Fund must look solely to
the property of the Fund for the enforcement of any claims against
the Fund as neither the directors, trustees, officers, partners,
employees, agents or shareholders assume any personal liability for
obligations entered into on behalf of the Fund.  No Portfolio or
series of the Fund will be liable for the obligations or liabilities
of any other Portfolio or series.

     12.2.     The Fund, the Adviser and the Distributor acknowledge
that the identities of the customers of the Company or any of its
affiliates, except for customers of the Adviser or its affiliates
(collectively the "Company Protected Parties" for purposes of this
Section 12.2), information maintained regarding those customers, and
all computer programs and procedures or other information developed
or used by the Company Protected Parties or any of their employees or
agents in connection with the Company's performance of its duties
under this Agreement are the valuable property of the Company
Protected Parties.  The Fund, the Adviser and the Distributor agree
that if they come into possession of any list or compilation of the
identities of or other information about the Company Protected
Parties' customers, or any other information or property of the
Company Protected Parties, other than such information as is publicly
available or as may be independently developed or compiled by the
Fund, the Adviser or the Distributor from information supplied to
them by the Company Protected Parties' customers who also maintain
accounts directly with the Fund, the Adviser or the Distributor, the
Fund, the Adviser and the Distributor will hold such information or
property in confidence and refrain from using, disclosing or
distributing any of such information or other property except:
(a) with the Company's prior written consent; or (b) as required by
law or judicial process.  The Company acknowledges that the
identities of the customers of the Fund, the Adviser, the Distributor
or any of their affiliates (collectively the "Adviser Protected
Parties" for purposes of this Section 12.2), information maintained
regarding those customers, and all computer programs and procedures
or other information developed or used by the Adviser Protected
Parties or any of their employees or agents in connection with the
Fund's, the Adviser's or the Distributor's performance of their
respective duties under this Agreement are the valuable property of
the Adviser Protected Parties.  The Company agrees that if it comes
into possession of any list or compilation of the identities of or
other information about the Adviser Protected Parties' customers, or
any other information or property of the Adviser Protected Parties,
other than such information as is publicly available or as may be
independently developed or compiled by the Company from information
supplied to them by the Adviser Protected Parties' customers who also
maintain accounts directly with the Company, the Company will hold
such information or property in confidence and refrain from using,
disclosing or distributing any of such information or other property
except: (a) with the Fund's, the Adviser's or the Distributor's prior
written

                                -18-

<PAGE>
<PAGE>

consent; or (b) as required by law or judicial process.  Each
party acknowledges that any breach of the agreements in this Section
12.2 would result in immediate and irreparable harm to the other
parties for which there would be no adequate remedy at law and agree
that in the event of such a breach, the other parties will be
entitled to equitable relief by way of temporary and permanent
injunctions, as well as such other relief as any court of competent
jurisdiction deems appropriate.

     12.3.     The captions in this Agreement are included for
convenience of reference only and in no way define or delineate any
of the provisions hereof or otherwise affect their construction or
effect.

     12.4.     This Agreement may be executed simultaneously in two
or more counterparts, each of which taken together will constitute
one and the same instrument.

     12.5.     If any provision of this Agreement will be held or
made invalid by a court decision, statute, rule or otherwise, the
remainder of the Agreement will not be affected thereby.

     12.6.     This Agreement will not be assigned by any party
hereto without the prior written consent of all the parties, except
that the Distributor may assign this Agreement to Provident
Distributors Inc. (or one of its properly qualified affiliates) with
prior written notice to all parties.

     12.7.     Each party to this Agreement will maintain all records
required by law, including records detailing the services it
provides.  Such records will be preserved, maintained and made
available to the extent required by law and in accordance with the
1940 Act and the rules thereunder.  Each party to this Agreement will
cooperate with each other party and all appropriate governmental
authorities (including without limitation the SEC, the NASD and state
insurance regulators) and will permit each other and such authorities
reasonable access to its books and records in connection with any
investigation or inquiry relating to this Agreement or the
transactions contemplated hereby.  Upon request by the Fund or the
Distributor, the Company agrees to promptly make copies or, if
required, originals of all records pertaining to the performance of
services under this Agreement available to the Fund or the
Distributor, as the case may be.  The Fund agrees that the Company
will have the right to inspect, audit and copy all records pertaining
to the performance of services under this Agreement pursuant to the
requirements of any state insurance department.  Each party also
agrees to promptly notify the other parties if it experiences any
difficulty in maintaining the records in an accurate and complete
manner.  This provision will survive termination of this Agreement.

     12.8.     Each party represents that the execution and delivery
of this Agreement and the consummation of the transactions
contemplated herein have been duly authorized by all necessary
corporate or board action, as applicable, by such party and when so
executed and delivered this Agreement will be the valid and binding
obligation of such party enforceable in accordance with its terms.

     12.9.     The parties to this Agreement may amend the schedules
to this Agreement from time to time to reflect changes in or relating
to the Contracts, the Accounts or the Designated Portfolios of the
Fund or other applicable terms of this Agreement.

     12.10.    The rights, remedies and obligations contained in this
Agreement are cumulative and are in addition to any and all rights.

     12.11.    The names "The Galaxy VIP Fund" and "Trustees of The
Galaxy VIP Fund" refer respectively to the trust created and the
Trustees, as trustees but not individually or personally, acting from
time to time under a Declaration of Trust dated May 27, 1992 which is
hereby referred to and a

                                -19-

<PAGE>
<PAGE>

copy of which is on file at the office of the State Secretary of the
Commonwealth of Massachusetts and at the principal office of the Fund.
The obligations of "The Galaxy VIP Fund" entered into in the name or on
behalf thereof by any of the Trustees, representatives or agents are made
not individually, but in such capacities, and are not binding upon any of
the Trustees, Shareholders, or representatives of the Fund personally, but
bind only the Trust Property, and all persons dealing with any class of
Shares of the Fund must look solely to the Trust Property belonging
to such class for the enforcement of any claims against the Fund.

     IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be executed in its name and on its behalf by its duly
authorized representative and its seal to be hereunder affixed hereto
as of the date specified below:

                                   GOLDEN AMERICAN LIFE INSURANCE COMPANY:

                                   By: /s/ David L. Jacobson
                                      ---------------------------

                                   Title:  Senior Vice President
                                         ------------------------

                                   Date:   January 4, 2000
                                        -------------------------

                                   THE GALAXY VIP FUND:

                                   By: /s/ William Greilich
                                      ---------------------------

                                   Title:  Vice President
                                         ------------------------

                                   Date:   10-1-99
                                        -------------------------

                                   FLEET INVESTMENT ADVISORS INC:

                                   By: /s/ Tom O'Neill
                                      ---------------------------

                                   Title:  President and CEO
                                         ------------------------

                                   Date:   12-14-99
                                        -------------------------

                                   FIRST DATA DISTRIBUTORS, INC.

                                   By: /s/ Scott Hacker
                                      ---------------------------

                                   Title:  VP & Treasurer
                                         ------------------------

                                   Date:   10-1-99
                                        -------------------------

                                -20-

<PAGE>
<PAGE>

                             SCHEDULE A
               GOLDEN AMERICAN LIFE INSURANCE COMPANY
                  CONTRACTS AND SEPARATE ACCOUNT(S)

CONTRACT(S):
                  Deferred Combination Variable and Fixed Annuity
                  Contract -- Premium Plus featuring The Galaxy VIP Fund

SEPARATE ACCOUNT(S):

                  Separate Account B of Golden American Life Insurance Company

                             SCHEDULE B
                         THE GALAXY VIP FUND
                        DESIGNATED PORTFOLIOS

PORTFOLIOS:
                    Equity Fund

                    Growth and Income Fund

                    Small Company Growth Fund

                    Asset Allocation Fund

                    High Quality Bond Fund

Schedule Date: October 1, 1999

                                -21-

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]