Document:

FORM OF FUND PARTICIPATION AGREEMENT
                                     BETWEEN
                            PORTFOLIO PARTNERS, INC.,
                     GOLDEN AMERICAN LIFE INSURANCE COMPANY
                                       AND
                    AETNA LIFE INSURANCE AND ANNUITY COMPANY

       Golden American Life Insurance Company (the "Company"), Portfolio
Partners, Inc. (the "Fund") and Aetna Life Insurance and Annuity Company (the
"Adviser") hereby agree to an arrangement whereby the Fund shall be made
available to serve as underlying investment media for Variable Annuity or
Variable Life Contracts ("Contracts") to be issued by the Company.

1.     ESTABLISHMENT OF ACCOUNTS; AVAILABILITY OF FUND.
       -----------------------------------------------

       (a)    The Company represents that it has established Separate Account B
              and may establish such other accounts as may be set forth in
              Schedule A attached hereto and as may be amended from time to time
              with the mutual consent of the parties hereto (the "Accounts"),
              each of which is a separate account under ________________
              Insurance law, and has registered or will register each of the
              Accounts (except for such Accounts for which no such registration
              is required) as a unit investment trust under the Investment
              Company Act of 1940 (the "1940 Act"), to serve as an investment
              vehicle for the Contracts. Each Contract provides for the
              allocation of net amounts received by the Company to an Account
              for investment in the shares of one of more specified open-end
              management investment companies available through that Account as
              underlying investment media. Selection of a particular investment
              management company and changes therein from time to time are made
              by the participant or Contract owner, as applicable under a
              particular Contract.

       (b)    The Fund and the Adviser represent and warrant that the
              investments of the series of the Fund (each designated a
              "Portfolio") specified in Schedule B attached hereto (as may be
              amended from time to time with the mutual consent of the parties
              hereto) will at all times be adequately diversified within the
              meaning of Section 817(h) of the Internal Revenue Service Code of
              1986, as amended (the "Code"), and the Regulations thereunder, and
              that at all times while this agreement is in effect, all

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              beneficial interests will be owned by one or more insurance
              companies or by any other party permitted under Section
              1.817-5(f)(3) of the Regulations promulgated under the Code or by
              the successor thereto, or by any other party permitted under a
              Revenue Ruling or private letter ruling granted by the Internal
              Revenue Service.

2.     PRICING INFORMATION; ORDERS; SETTLEMENT.
       ---------------------------------------

       (a)    The Fund will make Fund shares available to be purchased by the
              Company, and will accept redemption orders from the Company, on
              behalf of each Account at the net asset value applicable to each
              order on those days on which the Fund calculates its net asset
              value (a "Business Day"). Fund shares shall be purchased and
              redeemed in such quantity and at such time determined by the
              Company to be necessary to meet the requirements of those
              Contracts for which the Fund serve as underlying investment media,
              provided, however, that the Board of Trustees of the Fund
              (hereinafter the "Trustees") may upon reasonable notice to the
              Company, 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 Trustees, acting
              in good faith and in the best interests of the shareholders of any
              Portfolio and is acting in compliance with their fiduciary
              obligations under federal and/or any applicable state laws.

       (b)    The Fund will provide to the Company closing net asset value,
              dividend and capital gain information at the close of trading each
              day that the New York Stock Exchange (the "Exchange" is open (each
              such day a "Business Day"), and in no event later than 7:00 p.m.
              Eastern Standard time on such Business Day. The Company will send
              via facsimile or electronic transmission to the Fund or its
              specified agent orders to purchase and/or redeem Fund shares by
              10:00 a.m. Eastern Standard Time the following business day.
              Payment for net purchases will be wired by the Company to an
              account designated by the Fund to coincide with the order for
              shares of the Fund.

       (c)    The Fund hereby appoints the Company as its agent for the limited
              purpose of accepting purchase and redemption orders for Fund
              shares relating to the Contracts from Contract owners or
              participants. Orders from Contract owners or participants received
              from any distributor of the Contracts (including affiliates of the
              Company) by the Company, acting

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              as agent for the Fund, prior to the close of the Exchange on
              any given business day will be executed by the Fund at the net
              asset value determined as of the close of the Exchange on such
              Business Day, provided that the Fund receives written
              (or facsimile) notice of such order by 10 a.m. Eastern Standard
              Time on the next following Business Day. Any orders received by
              the Company acting as agent on such day but after the close of
              the Exchange will be executed by the Fund at the net asset
              value determined as of the close of the Exchange on the next
              business day following the day of receipt of such order,
              provided that the Fund receives written (or facsimile) notice of
              such order by 10 a.m. Eastern Standard Time within two days
              following the day of receipt of such order.

       (d)    Payments for net redemptions of shares of the Fund will be wired
              by the Fund to an account designated by the Company. Payments for
              net purchases of the Fund will be wired by the Company to an
              account designated by the Fund on the same Business Day the
              Company places an order to purchase Fund shares. Payments shall be
              in federal funds transmitted by wire.

       (e)    In lieu of applicable provisions set forth in paragraphs 2(a)
              through 2(d) above, the parties may agree to provide pricing
              information, execute orders and wire payments for purchases and
              redemptions through National Securities Clearing Corporation's
              Fund/SERV system in which case such activities will be governed by
              the provisions set forth in an Exhibit to this Agreement.

       (f)    Each party has the right to rely on information or confirmations
              provided by the other party (or by any affiliate of the other
              party), and shall not be liable in the event that an error is a
              result of any misinformation supplied by the other party.

       (g)    The Company agrees to purchase and redeem the shares of the
              Portfolios named in Schedule B offered by the then current
              prospectus and statement of additional information of the Fund in
              accordance with the provisions of such prospectus and statement of
              additional information. The Company shall not permit any person
              other than a Contract owner or Participant to give instructions to
              the Company which would require the Company to redeem or exchange
              shares of the Fund. This provision shall not be construed to
              prohibit the Company from substituting shares of another fund, as
              permitted by law.

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3.     EXPENSES.
       ---------

       (a)    Except as otherwise provided in this Agreement, all expenses
              incident to the performance by the Fund under this Agreement shall
              be paid by the Fund, including the cost of registration of Fund
              shares with the Securities and Exchange Commission (the "SEC") and
              in states where required. The Fund and Adviser shall pay no fee or
              other compensation to the Company under this Agreement, and the
              Company shall pay no fee or other compensation to the Fund or
              Adviser, except as provided herein and in Schedule C attached
              hereto and made a part of this Agreement as may be amended from
              time to time with the mutual consent of the parties hereto. All
              expenses incident to performance by each party of its respective
              duties under this Agreement shall be paid by that party, unless
              otherwise specified in this Agreement.

       (b)    The Fund or the Adviser shall provide to the Company Post Script
              files of periodic fund reports to shareholders and other materials
              that are required by law to be sent to Contract owners. In
              addition, the Fund or the Adviser shall provide the Company with a
              sufficient quantity of its prospectuses, statements of additional
              information and any supplements to any of these materials, to be
              used in connection with the offerings and transactions
              contemplated by this Agreement. In addition, the Fund shall
              provide the Company with a sufficient quantity of its proxy
              material that is required to be sent to Contract owners. The
              Adviser shall be permitted to review and approve the typeset form
              of such material prior to such printing provided such material has
              been provided by the Adviser to the Company within a reasonable
              period of time prior to typesetting.

       (c)    In lieu of the Fund's or Adviser's providing printed copies of
              prospectuses, statements of additional information and any
              supplements to any of these materials, and periodic fund reports
              to shareholders, the Company shall have the right to request that
              the Fund transmit a copy of such materials in an electronic format
              (Post Script files), which the Company may use to have such
              materials printed together with similar materials of other Account
              funding media that the Company or any distributor will distribute
              to existing or prospective Contract owners or participants.

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4.     REPRESENTATIONS.
       ---------------

       (a)    The Company agrees that it and its agents shall not, without the
              written consent of the Fund or the Adviser, make representations
              concerning the Fund, or its shares except those contained in the
              then current prospectuses and in current printed sales literature
              approved by or deemed approved by the Fund or the Adviser.

       (b)    The Fund and Adviser represent and warrant that (i) they have
              examined and tested their systems and made reasonable inquiry of
              their business partners and other entities with whom they conduct
              business with respect to Year 2000 problems and (ii) their ability
              to perform their obligations under this Agreement will not be
              interrupted or disrupted as a result of any business interruptions
              or other business problems relating to specific dates or days
              before, during and after the Year 2000.

5.     TERMINATION.
       -----------

       This agreement shall terminate as to the sale and issuance of new
       Contracts:

       (a)    at the option of either the Company, the Adviser or the Fund, upon
              sixty days advance written notice to the other parties;

       (b)    at the option of the Company, upon one week advance written notice
              to the Adviser and the Fund, if Fund shares are not available for
              any reason to meet the requirement of Contracts as determined by
              the Company. Reasonable advance notice of election to terminate
              shall be furnished by Company;

       (c)    at the option of either the Company, the Adviser or the Fund,
              immediately upon institution of formal proceedings against the
              broker-dealer or broker-dealers marketing the Contracts, the
              Account, the Company, the Fund or the Adviser by the National
              Association of Securities Dealers, Inc. (the "NASD"), the SEC or
              any other regulatory body;

       (d)    upon the determination of the Accounts to substitute for the
              Fund's shares the shares of another investment company in
              accordance with the terms of the applicable Contracts. The Company
              will give 60 days written notice to the Fund and the Adviser of
              any decision to replace the Fund's' shares;

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       (e)    upon assignment of this Agreement, unless made with the written
              consent of all other parties hereto;

       (f)    if Fund shares are not registered, issued or sold in conformance
              with Federal law or such law precludes the use of Fund shares as
              an underlying investment medium for Contracts issued or to be
              issued by the Company. Prompt notice shall be given by the
              appropriate party should such situation occur.

6.     CONTINUATION OF AGREEMENT.
       -------------------------

       Termination as the result of any cause listed in Section 5 shall not
       affect the Fund's obligation to furnish its shares to Contracts then in
       force for which its shares serve or may serve as the underlying medium
       unless such further sale of Fund shares is prohibited by law or the SEC
       or other regulatory body, or is determined by the Fund's Board to be
       necessary to remedy or eliminate an irreconcilable conflict pursuant to
       Section 10 hereof.

7.     ADVERTISING MATERIALS; FILED DOCUMENTS.
       --------------------------------------

       (a)    Advertising and sales literature with respect to the Fund prepared
              by the Company or its agents for use in marketing its Contracts
              will be submitted to the Fund or its designee for review before
              such material is submitted to any regulatory body for review. No
              such material shall be used if the Fund or its designee reasonably
              object to such use in writing, transmitted by facsimile within two
              business days after receipt of such material.

       (b)    The Fund will provide additional copies of its financials as soon
              as available to the Company and at least one complete copy of all
              registration statements, prospectuses, statements of additional
              information, annual and semi-annual reports, proxy statements and
              all amendments or supplements to any of the above that relate to
              the Fund promptly after the filing of such document with the SEC
              or other regulatory authorities. At the Adviser's request, the
              Company will provide to the Adviser at least one complete copy of
              all registration statements, prospectuses, statements of
              additional information, annual and semi-annual reports, proxy
              statements, and all amendments or supplements to any of the above
              that relate to the Account promptly after the filing of such
              document with the SEC or other regulatory authority.

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<PAGE>

       (c)    The Fund or the Adviser will provide via Excel spreadsheet
              diskette format or in electronic transmission to the Company at
              least quarterly portfolio information necessary to update Fund
              profiles with seven business days following the end of each
              quarter.

       (d)    The Fund will reimburse the Company for any incorrect information
              provided to the Company under this Section as provided for in
              Schedule C.

8.     PROXY VOTING.
       ------------

       (a)    The Company shall provide pass-through voting privileges on Fund
              shares held by registered separate accounts to all Contract owners
              and participants to the extent the SEC continues to interpret the
              1940 Act as requiring such privileges. The Company shall provide
              pass-through voting privileges on Fund shares held by unregistered
              separate accounts to all Contract owners.

       (b)    The Company will distribute to Contract owners and participants,
              as appropriate, all proxy material furnished by the Fund and will
              vote Fund shares in accordance with instructions received from
              such Contract owners and participants. If and to the extent
              required by law, the Company, with respect to each group Contract
              and in each Account, shall vote Fund shares for which no
              instructions have been received in the same proportion as shares
              for which such instructions have been received. The Company and
              its agents shall not oppose or interfere with the solicitation of
              proxies for Fund shares held for such Contract owners and
              participants.

9.     INDEMNIFICATION.
       ---------------

       (a)    The Company agrees to indemnify and hold harmless the Fund and the
              Adviser, and its directors, officers, employees, agents and each
              person, if any, who controls the Fund or its Adviser within the
              meaning of the Securities Act of 1933 (the "1933 Act") against any
              losses, claims, damages or liabilities to which the Fund or any
              such director, officer, employee, agent, or controlling person may
              become subject, under the 1933 Act or otherwise, insofar as such
              losses, claims, damages, or

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              liabilities (or actions in respect thereof) 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 sales literature of the Company or
              arise out of or are based upon the omission or the alleged
              omission to state therein a material fact required to be
              stated therein or necessary to make the statements therein not
              misleading, or arise out of or as a result of conduct, statements
              or representations (other than statements or representations
              contained in the prospectuses or sales literature of the Fund) of
              the Company or its agents, with respect to the sale and
              distribution of Contracts for which Fund shares are the underlying
              investment. The Company will reimburse any legal or other expenses
              reasonably incurred by the Fund or any such director, officer,
              employee, agent, investment adviser, or controlling person in
              connection with investigating or defending any such loss, claim,
              damage, liability or action; PROVIDED, HOWEVER, that the Company
              will not be liable in any such case to the extent
              that any such loss, claim, damage or liability arises out of or is
              based upon (i) an untrue statement or omission or alleged omission
              made in such Registration Statement or prospectus in conformity
              with written materials furnished to the Company by the Fund
              specifically for use therein or (ii) the willful misfeasance, bad
              faith, or gross negligence by the Fund or Adviser in the
              performance of its duties or the Fund's or Adviser's reckless
              disregard of obligations or duties under this Agreement or to the
              Company, whichever is applicable. This indemnity agreement will be
              in addition to any liability which Company may otherwise have.

       (b)    The Fund and the Adviser agree to indemnify and hold harmless the
              Company and its directors, officers, employees, agents and each
              person, if any, who controls the Company within the meaning of the
              1933 Act against any losses, claims, damages or liabilities to
              which the Company or any such director, officer, employee, agent
              or controlling person may become subject, under the 1933 Act or
              otherwise, insofar as such losses, claims, damages or liabilities
              (or actions in respect thereof) arise out of or are based upon any
              untrue statement or alleged untrue statement of any material fact
              contained in the Registration Statement, prospectuses or sales
              literature of the Fund or arise out of or are based upon the
              omission or the alleged omission to state therein a material fact
              required to be stated therein or material fact required to be
              stated therein or necessary to make the statements therein not
              misleading. The Fund will reimburse any legal or other expenses
              reasonably incurred by the Company or any such director, officer,
              employee, agent, or controlling

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              person in connection with investigating or defending any
              such loss, claim, damage, liability or action; PROVIDED,
              HOWEVER, that the Fund will not be liable in any such case
              to the extent that any such loss, claim, damage or liability
              arises out of or is based upon an untrue statement or
              omission or alleged omission made in such Registration Statement
              or prospectuses which are in conformity with written materials
              furnished to the Fund by the Company specifically for use therein.

       (c)    Promptly after receipt by an indemnified party hereunder of notice
              of the commencement of action, such indemnified party will, if a
              claim in respect thereof is to be made against the indemnifying
              party hereunder, notify the indemnifying party of the commencement
              thereof; but the omission so to notify the indemnifying party will
              not relieve it from any liability which it may have to any
              indemnified party otherwise than under this Section 10. In case
              any such action is brought against any indemnified party, and it
              notifies the indemnifying party of the commencement thereof, the
              indemnifying party will be entitled to participate therein and, to
              the extent that it may wish to, assume the defense thereof, with
              counsel satisfactory to such indemnified party, and after notice
              from the indemnifying party to such indemnified party of its
              election to assume the defense thereof, the indemnifying party
              will not be liable to such indemnified party under this Section 9
              for any legal or other expenses subsequently incurred by such
              indemnified party in connection with the defense thereof other
              than reasonable costs of investigation.

10.    POTENTIAL CONFLICTS.
       -------------------

       (a)    The Company has received a copy of an application for exemptive
              relief, as amended, filed by the Fund on and with the SEC and the
              order issued by the SEC dated December 21, 1998 (File No.
              812-11196) in response thereto (the "Mixed and Shared Funding
              Exemptive Order"). The Company has reviewed the conditions to the
              requested relief set forth in such application for exemptive
              relief. As set forth in such application, the Board of Directors
              of Fund (the "Board") will monitor the Fund for the existence of
              any material irreconcilable conflict between the interests of the
              contractholders of all separate accounts ("Participating
              Companies") investing in the Fund. An irreconcilable material
              conflict may arise for a variety of reasons, including: (i) an
              action by any state insurance regulatory authority; (ii) a change
              in applicable federal or state insurance, tax, or securities laws
              or regulations, or a public ruling,

                                           9

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              private letter ruling, no-action or interpretative letter,
              or any similar actions by insurance, tax or securities
              regulatory authorities; (iii) an administrative or judicial
              decision in any relevant proceeding; (iv) the manner in
              which the investments of any portfolio are being
              managed; (v) a difference in voting instructions given by
              variable annuity contractholders and variable life insurance
              contractholders; or (vi) a decision by an insurer to disregard the
              voting instructions of contractholders. The Board shall promptly
              inform the Company if it determines that an irreconcilable
              material conflict exists and the implications thereof.

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

       (c)    If a majority of the Board, or a majority of its disinterested
              Board members, determines that a material irreconcilable conflict
              exists with regard to contractholder investments in a Fund, the
              Board shall give prompt notice to all Participating Companies. If
              the Board determines that the Company is responsible for causing
              or creating said conflict, the Company shall at its sole cost and
              expense, and to the extent reasonably practicable (as determined
              by a majority of the disinterested Board members), take such
              action as is necessary to remedy or eliminate the irreconcilable
              material conflict. Such necessary action may include but shall not
              be limited to:

              (i) withdrawing the assets allocable to the Account from the Fund
                  and reinvesting such assets in a different investment medium
                  or submitting the question of whether such segregation should
                  be implemented to a vote of all affected contractholders and
                  as appropriate, segregating the assets of any appropriate
                  group (i.e., annuity contract owners, life insurance contract
                  owners, or variable contract owners of one or more
                  Participating Companies) that votes in favor of such
                  segregation, or offering to the affected contractholders the
                  option of making such a change; and/or

                                           10

<PAGE>

              (ii) establishing a new registered management investment company
                   or managed separate account.

       (d)    If a material irreconcilable conflict arises as a result of a
              decision by the Company to disregard its contractholder voting
              instructions and said decision represents a minority position or
              would preclude a majority vote by all of its contractholders
              having an interest in the Fund, the Company at its sole cost, may
              be required, at the Board's election, to withdraw an Account's
              investment in the Fund and terminate this Agreement; 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 Board.

       (e)    For the purpose of this Section 10, a majority of the
              disinterested Board members shall determine whether or not 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 any Contract. The Company shall not be
              required by this Section 11 to establish a new funding medium for
              any Contract if an offer to do so has been declined by vote of a
              majority of the Contract owners or participants materially
              adversely affected by the irreconcilable material conflict.

11.    MISCELLANEOUS.
       -------------

       (a)    AMENDMENT AND WAIVER. Neither this Agreement, nor any provision
              hereof, may be amended, waived, discharged or terminated orally,
              but only by an instrument in writing signed by all parties hereto.

       (b)    NOTICES. All notices and other communications hereunder shall be
              given or made in writing and shall be delivered personally, or
              sent by telex, telecopier or registered or certified mail, postage
              prepaid, return receipt requested, or recognized overnight courier
              service to the party or parties to whom they are directed at the
              following addresses, or at such other addresses as may be
              designated by notice from such party to all other parties.

       To the Company:

                                    Golden American Life Insurance Company 1475
                                    Dunwoody Drive West Chester, PA 19380
                                    Attention: _____________________

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       To the Fund:

                                    Portfolio Partners, Inc.
                                    151 Farmington Avenue
                                    Hartford, CT 06156
                                    Attn:  J. Neil McMurdie, Counsel

       Any notice, demand or other communication given in a manner prescribed in
       this subsection (b) shall be deemed to have been delivered on receipt.

       (c)    SUCCESSORS AND ASSIGNS. This agreement shall be binding upon and
              inure to the benefit of the parties hereto and their respective
              permitted successors and assigns.

       (d)    COUNTERPARTS. This Agreement may be executed in any number of
              counterparts, all of which taken together shall constitute one
              agreement, and any party hereto may execute this Agreement by
              signing any such counterpart.

       (e)    SEVERABILITY. In case any one or more of the provisions contained
              in this Agreement should be invalid, illegal or unenforceable in
              any respect, the validity, legality and enforceability of the
              remaining provisions contained herein shall not in any way be
              affected or impaired thereby.

       (f)    ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
              and understanding between the parties hereto and supersedes all
              prior agreement and understandings relating to the subject matter
              hereof.

       (g)    GOVERNING LAW. This Agreement shall be governed and interpreted in
              accordance with the laws of the State of Connecticut.

       (h)    It is understood by the parties that this Agreement is not an
              exclusive arrangement in any respect.

       (i)    The terms of this Agreement and the Schedules thereto will be held
              confidential by each party except to the extent that either party
              or its counsel may deem it necessary to disclose such terms.

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<PAGE>

12.    LIMITATION ON LIABILITY OF DIRECTORS, ETC.
       ------------------------------------------

       This agreement has been executed on behalf of the Fund by the undersigned
officer of the Fund in his or her capacity as an officer of the Fund. The
obligations of this agreement shall be binding upon the assets and property of
the Fund only and shall not be binding on any Director, officer or shareholder
of the Fund individually.

       IN WITNESS WHEREOF, the undersigned have executed this Agreement by their
duly authorized officers effective as of the ____ day of _________, _____.

GOLDEN AMERICAN LIFE INSURANCE COMPANY

       By:
          ----------------------------------------------------
       Name:
       Title:

PORTFOLIO PARTNERS, INC.

       By:
            --------------------------------
       Name:
       Title:

AETNA LIFE INSURANCE AND ANNUITY COMPANY

       By:
          -------------------------------------------
       Name:
       Title:

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                                   SCHEDULE A

              (For any future separate accounts - See Section 1(a)

                                           14

<PAGE>

                                   SCHEDULE B

                (List of portfolios available--See Section 1(b))

          Portfolio Partners, Inc. MFS Capital Opportunities Portfolio

                                           15

<PAGE>

                                   SCHEDULE C

The following costs, expenses and reimbursements will be paid by the party
indicated:

1.     For purposes of Sections 2 and 7, the Fund or the Adviser shall be liable
       to the Company for any amount the Company is required to pay to Contract
       owners or participants due to (i) an incorrect calculation of a Fund's
       daily net asset value, dividend rate, or capital gain distribution rate
       or (ii) incorrect or late reporting of the daily net asset value, capital
       gain distribution rate of a Fund, upon written notification by the
       Company, with supporting data, to the Adviser. In addition, the Fund or
       the Adviser shall be liable to the Company for systems and out of pocket
       costs incurred by the Company in making a Contract owner's or a
       participant's account whole, if such costs or expenses are a result of
       the Fund's failure to provide timely or correct net asset values,
       dividend and capital gains or financial information and if such
       information is not corrected by 4pm EST of the next business day after
       releasing such incorrect information provided the incorrect NAV as well
       as the correct NAV for each day that the error occurred is provided. If a
       mistake is caused in supplying such information or confirmations, which
       results in a reconciliation with incorrect information, the amount
       required to make a Contract owner's or a Participant's account whole
       shall be borne by the party providing the incorrect information,
       regardless of when the error is corrected.

2.     For purposes of Section 3, the Fund or the Adviser shall pay for the cost
       of typesetting and printing periodic fund reports to existing
       shareholders, prospectuses, prospectus supplements, statements of
       additional information and other materials that are required by law to be
       sent to existing Contract owners or participants, as well as the cost of
       distributing such materials. The Company shall pay for the cost of
       prospectuses and statements of additional information and the
       distribution thereof for prospective Contract owners or participants.
       Each party shall be provided with such supporting data as may reasonably
       be requested for determining expenses under Section 3.

3.     The Fund shall pay all expenses in connection with the provision to the
       Company of a sufficient quantity of its proxy material under Section 3.
       The cost associated with proxy preparation, group authorization letters,
       programming for tabulation and necessary materials (including postage)
       will be paid by the Fund.

                                           16

<PAGE>

                                  NSCC EXHIBIT

PROCEDURES FOR PRICING AND ORDER/SETTLEMENT THROUGH NATIONAL SECURITIES CLEARING
CORPORATION'S MUTUAL FUND PROFILE SYSTEM AND MUTUAL FUND SETTLEMENT, ENTRY AND
REGISTRATION VERIFICATION SYSTEM

As provided in Section 2(e) of the Participation Agreement, the parties hereby
agree to provide pricing information, execute orders and wire payments for
purchases and redemptions of Fund shares through National Securities Clearing
Corporation ("NSCC") and its subsidiary systems as follows:

Distributor or the Funds will furnish to the Company or its affiliate through
NSCC's Mutual Fund Profile System ("MFPS") (1) the most current net asset value
information for each Fund, (2) a schedule of anticipated dividend and
distribution payment dates for each Fund, which is subject to change without
prior notice, ordinary income and capital gain dividend rates on the Fund's
ex-date, and (4) in the case of fixed income funds that declare daily dividends,
the daily accrual or the interest rate factor. All such information shall be
furnished to the Company or its affiliate by 6:30 p.m. Eastern Time on each
business day that the Fund is open for business (each a "Business Day") or at
such other time as that information becomes available. Changes in pricing
information will be communicated to both NSCC and the Company or its affiliate.

Upon receipt of Fund purchase, exchange and redemption instructions for
acceptance as of the time at which a Fund's net asset value is calculated as
specified in such Fund's prospectus ("Close of Trading") on each Business Day
("Instructions"), and upon its determination that there are good funds with
respect to Instructions involving the purchase of Shares, the Company or its
affiliate will calculate the net purchase or redemption order for each Fund.
Orders for net purchases or net redemptions derived from Instructions received
by the Company or its affiliate prior to the Close of Trading on any given
Business Day will be sent to the Defined Contribution Interface of NSCC's Mutual
Fund Settlement, Entry and Registration Verification System ("Fund/SERV") by
5:00 a.m. Eastern Time on the next Business Day. Subject to the Company's or its
affiliate's compliance with the foregoing, the Company or its affiliate will be
considered the agent of the Distributor and the Funds, and the Business Day on
which Instructions are received by the Company or its affiliate in proper form
prior to the Close of Trading will be the date as of which shares of the Funds
are deemed purchased, exchanged or redeemed pursuant to such Instructions.
Instructions received in proper form by the Company or its affiliate after the
Close of Trading on any given Business Day will be treated as if received on the
next following Business Day. Dividends and capital gains distributions will be
automatically reinvested at net asset value in accordance with the Fund's then
current prospectuses.

                                           17

<PAGE>

The Company or its affiliate will wire payment for net purchase orders by the
Fund's NSCC Firm Number, in immediately available funds, to an NSCC settling
bank account designated by the Company or its affiliate no later than 5:00 p.m.
Eastern time on the same Business Day such purchase orders are communicated to
NSCC. For purchases of shares of daily dividend accrual funds, those shares will
not begin to accrue dividends until the day the payment for those shares is
received.

NSCC will wire payment for net redemption orders by Fund, in immediately
available funds, to an NSCC settling bank account designated by the Company or
its affiliate, by 5:00 p.m. Eastern Time on the Business Day such redemption
orders are communicated to NSCC, except as provided in a Fund's prospectus and
statement of additional information.

With respect to (c) or (d) above, if Distributor does not send a confirmation of
the Company's or its affiliate's purchase or redemption order to NSCC by the
applicable deadline to be included in that Business Day's payment cycle, payment
for such purchases or redemptions will be made the following Business Day. If on
any day the Company or its affiliate or Distributor is unable to meet the NSCC
deadline for the transmission of purchase or redemption orders, it may at its
option transmit such orders and make such payments for purchases and redemptions
directly to Distributor or to the Company or its affiliate, as applicable, as is
otherwise provided in the Agreement.

These procedures are subject to any additional terms in each Fund's prospectus
and the requirements of applicable law. The Funds reserve the right, at their
discretion and without notice, to suspend the sale of shares or withdraw the
sale of shares of any Fund.

2. The Company or its affiliate, Distributor and clearing agents (if applicable)
are each required to have entered into membership agreements with NSCC and met
all requirements to participate in the MFPS and Fund/SERV systems before these
procedures may be utilized. Each party will be bound by the terms of their
membership agreement with NSCC and will perform any and all duties, functions,
procedures and responsibilities assigned to it and as otherwise established by
NSCC applicable to the MFPS and Fund/SERV system and the Networking Matrix Level
utilized.

3. Except as modified hereby, all other terms and conditions of the Agreement
shall remain in full force and effect. Unless otherwise indicated herein, the
terms defined in the Agreement shall have the same meaning as in this Exhibit.

                                        18FUND PARTICIPATION AGREEMENT

                        THE PRUDENTIAL SERIES FUND, INC.

<PAGE>

                                TABLE OF CONTENTS

ARTICLE I.        Sale of Fund Shares..........................................4

ARTICLE II.       Representations and Warranties...............................8

ARTICLE III.      Prospectuses and Proxy Statements; Voting...................11

ARTICLE IV.       Sales Material and Information..............................13

ARTICLE V.        Fees and Expenses...........................................15

ARTICLE VI.       Diversification and Qualification...........................16

ARTICLE VII.      Potential Conflicts and Compliance With
                  Mixed and Shared Funding Exemptive Order ...................18

ARTICLE VIII.     Indemnification ............................................21

ARTICLE IX.       Applicable Law..............................................30

ARTICLE X.        Termination.................................................31

ARTICLE XI.       Notices.....................................................34

ARTICLE XII.      Miscellaneous...............................................35

SCHEDULE A        Contracts...................................................38

SCHEDULE B        Designated Portfolios.......................................39

SCHEDULE C        Expenses....................................................40

<PAGE>

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

                                      AMONG

                     GOLDEN AMERICAN LIFE INSURANCE COMPANY,

                        THE PRUDENTIAL SERIES FUND, INC.,

                  THE PRUDENTIAL INSURANCE COMPANY OF AMERICA,

                                       AND

                  PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC

     THIS AGREEMENT, made and entered into as of this 28th day of April, 2000,
by and among GOLDEN AMERICAN LIFE INSURANCE COMPANY (hereinafter "GALIC"), a
Delaware life insurance company, on its own behalf and on behalf of its SEPARATE
ACCOUNT B (the "Account"); THE PRUDENTIAL SERIES FUND, INC., an open-end
management investment company organized under the laws of Maryland (hereinafter
the "Fund"); THE PRUDENTIAL INSURANCE COMPANY OF AMERICA (hereinafter the
"Adviser"), a New Jersey mutual insurance company; and PRUDENTIAL INVESTMENT
MANAGEMENT SERVICES LLC (hereinafter the "Distributor"), a Delaware limited
liability company.

     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 policies and/or variable annuity
contracts (collectively, the "Variable Insurance Products") to be offered by
insurance companies, including GALIC, which have entered into participation
agreements similar to this Agreement (hereinafter "Participating Insurance
Companies"); and

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

                                       2
<PAGE>

     WHEREAS, the Fund has obtained an order from the Securities and Exchange
Commission (hereinafter the "SEC"), dated March 5, 1999 (File No. IC-23728),
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,
(hereinafter the "1940 Act") and Rules 6e-2(b)(15) and 6e-3(T)(b)(15)
thereunder, 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
life insurance companies that may or may not be affiliated with one another and
qualified pension and retirement plans ("Qualified Plans") (hereinafter the
"Mixed and Shared Funding Exemptive Order"); and

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

     WHEREAS, the Adviser is duly registered as an investment adviser under the
Investment Advisers Act of 1940, as amended, and any applicable state securities
laws; and

     WHEREAS, the Distributor is duly registered as a broker-dealer 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, GALIC has registered certain variable annuity contracts supported
wholly or partially by the Account (the "Contracts") under the 1933 Act and said
Contracts are listed in Schedule A attached hereto and incorporated herein by
reference, as such Schedule may be amended from time to time by mutual written
agreement; and

     WHEREAS, the Account is a duly organized, validly existing segregated asset
account, established by resolution of the Board of Directors of GALIC in 1988
under the insurance laws of the State of Delaware, to set aside and invest
assets attributable to the Contracts; and

                                       3
<PAGE>

     WHEREAS, GALIC has registered the Account as a unit investment trust under
the 1940 Act and has registered the securities deemed to be issued by the
Account under the 1933 Act; and

     WHEREAS, to the extent permitted by applicable insurance laws and
regulations, GALIC intends to purchase shares in the Portfolio(s) listed in
Schedule B attached hereto and incorporated herein by reference, as such
Schedule may be amended from time to time by mutual written agreement (the
"Designated Portfolio(s)"), on behalf of the Account to fund the Contracts, and
the Fund is authorized to sell such shares to unit investment trusts such as the
Account at net asset value; and

     WHEREAS, to the extent permitted by applicable insurance laws and
regulations, the Account also intends to purchase shares in other open-end
investment companies or series thereof not affiliated with the Fund (the
"Unaffiliated Funds") on behalf of the Account to fund the Contracts;

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

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

     1.1. The Fund agrees to sell to GALIC those shares of the Designated
Portfolio(s) which the Account orders, executing such orders on each Business
Day at the net asset value next computed after receipt by the Fund or its
designee of the order for the shares of the Designated Portfolios. For purposes
of this Section 1.1, GALIC shall be the designee of the Fund for receipt of such
orders and receipt by such designee shall constitute receipt by the Fund,
provided that the Fund receives notice of any such order by 9:00 a.m. Eastern
time on the next following Business Day. "Business Day" shall mean any day on
which the New York Stock Exchange is open for trading and on which the
Designated Portfolio calculates its net asset value pursuant to the rules of the
SEC.

                                       4
<PAGE>

     1.2. The Fund agrees to make shares of the Designated Portfolio(s)
available for purchase at the applicable net asset value per share by GALIC and
the Account on those days on which the Fund calculates its Designated
Portfolio(s)' net asset value pursuant to rules of the SEC, and the Fund shall
calculate such net asset value on each day which the New York Stock Exchange is
open for trading. Notwithstanding the foregoing, the Board of Directors of the
Fund (hereinafter the "Board") may refuse to sell shares of any Designated
Portfolio to any person, or suspend or terminate the offering of shares of any
Designated Portfolio if such action is required by law or by regulatory
authorities having jurisdiction or is, in the sole discretion of the 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 Designated Portfolio.

     1.3. The Fund will not sell shares of the Designated Portfolio(s) to any
other Participating Insurance Company separate account unless an agreement
containing provisions the substance of which are the same as Sections 2.1
(except with respect to Delaware law), 3.5, 3.6, 3.7, and Article VII of this
Agreement is in effect to govern such sales.

     1.4. The Fund agrees to redeem for cash, on GALIC's request, any full or
fractional shares of the Fund held by GALIC, executing such requests on each
Business Day at the net asset value next computed after receipt by the Fund or
its designee of the request for redemption. Requests for redemption identified
by GALIC, or its agent, as being in connection with surrenders, annuitizations,
or death benefits under the Contracts, upon prior written notice, may be
executed within seven (7) calendar days after receipt by the Fund or its
designee of the requests for redemption. This Section 1.4 may be amended, in
writing, by the parties consistent with the requirements of the 1940 Act and
interpretations thereof. For purposes of this Section 1.4, GALIC shall be the
designee of the Fund for receipt of requests for redemption and receipt by such
designee shall constitute receipt by the Fund, provided that the Fund receives
notice of any such request for redemption by 9:00 a.m. Eastern time on the next
following Business Day.

                                       5
<PAGE>

     1.5. The Parties hereto acknowledge that the arrangement contemplated by
this Agreement is not exclusive; the Fund's shares may be sold to other
Participating Insurance Companies (subject to Section 1.3) and the cash value of
the Contracts may be invested in other investment companies.

     1.6. GALIC shall pay for Fund shares by 3:00 p.m. Eastern time on the next
Business Day after an order to purchase Fund shares is made in accordance with
the provisions of Section 1.1 hereof. Payment shall be in federal funds
transmitted by wire and/or by a credit for any shares redeemed the same day as
the purchase.

     1.7. The Fund shall pay and transmit the proceeds of redemptions of Fund
shares by 11:00 a.m. Eastern Time on the next Business Day after a redemption
order is received in accordance with Section 1.4 hereof. Payment shall be in
federal funds transmitted by wire and/or a credit for any shares purchased the
same day as the redemption.

     1.8. Issuance and transfer of the Fund's shares will be by book entry only.
Stock certificates will not be issued to GALIC or the Account. Shares purchased
from the Fund will be recorded in an appropriate title for the Account or the
appropriate sub-account of the Account.

     1.9. The Fund shall furnish same day notice (by wire or telephone, followed
by written confirmation) to GALIC of any income, dividends or capital gain
distributions payable on the Designated Portfolio(s)' shares. GALIC hereby
elects to receive all such income dividends and capital gain distributions as
are payable on the Designated Portfolio shares in additional shares of that
Designated Portfolio. GALIC reserves the right to revoke this election and to
receive all such income dividends and capital gain distributions in cash. The
Fund shall notify GALIC by the end of the next following Business Day of the
number of shares so issued as payment of such dividends and distributions.

     1.10. The Fund shall make the net asset value per share for each Designated
Portfolio available to GALIC on each Business Day as soon as reasonably
practical after the net asset value

                                       6
<PAGE>

per share is calculated and shall use its best efforts to make such net asset
value per share available by 6:00 p.m. Eastern time. In the event of an error in
the computation of a Designated Portfolio's net asset value per share ("NAV") or
any dividend or capital gain distribution (each, a "pricing error"), the Adviser
or the Fund shall immediately notify GALIC as soon as possible after discovery
of the error. Such notification may be verbal, but shall be confirmed promptly
in writing in accordance with Article XI of this Agreement. A pricing error
shall be corrected as follows: (a) if the pricing error results in a difference
between the erroneous NAV and the correct NAV of less than $0.01 per share, then
no corrective action need be taken; (b) if the pricing error results in a
difference between the erroneous NAV and the correct NAV equal to or greater
than $0.01 per share, but less than 1/2 of 1% of the Designated Portfolio's NAV
at the time of the error, then the Adviser shall reimburse the Designated
Portfolio for any loss, after taking into consideration any positive effect of
such error; however, no adjustments to Contractowner accounts need be made; and
(c) if the pricing error results in a difference between the erroneous NAV and
the correct NAV equal to or greater than 1/2 of 1% of the Designated Portfolio's
NAV at the time of the error, then the Adviser shall reimburse the Designated
Portfolio for any loss (without taking into consideration any positive effect of
such error) and shall reimburse GALIC for the costs of adjustments made to
correct Contractowner accounts in accordance with the provisions of Schedule C.
If an adjustment is necessary to correct a material error which has caused
Contractowners to receive less than the amount to which they are entitled, the
number of shares of the applicable sub-account of such Contractowners will be
adjusted and the amount of any underpayments shall be credited by the Adviser to
GALIC for crediting of such amounts to the applicable Contractowners accounts.
Upon notification by the Adviser of any overpayment due to a material error,
GALIC shall promptly remit to Adviser any overpayment that has not been paid to
Contractowners. In no event shall GALIC be liable to Contractowners for any such
adjustments or underpayment amounts. A pricing error within categories (b) or
(c) above shall be deemed to be "materially incorrect" or constitute a "material
error" for purposes of this Agreement.

     The standards set forth in this Section 1.10 are based on the Parties'
understanding of the views expressed by the staff of the SEC as of the date of
this Agreement. In the event the views of the SEC staff are later modified or
superseded by SEC or judicial interpretation, the parties

                                       7
<PAGE>

shall amend the foregoing provisions of this Agreement to comport with the
appropriate applicable standards, on terms mutually satisfactory to all Parties.

ARTICLE II. Representations and Warranties
            ------------------------------

     2.1. GALIC represents and warrants that the Contracts and the securities
deemed to be issued by the Account under the Contracts are or will be registered
under the 1933 Act; that the Contracts will be issued and sold in compliance in
all material respects with all applicable federal and state laws and that the
sale of the Contracts shall comply in all material respects with state insurance
suitability requirements. GALIC 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 the Account prior to any issuance or
sale of units thereof as a segregated asset account under Delaware law, and has
registered the Account as a unit investment trust in accordance with the
provisions of the 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 as required by applicable law.

     2.2. The Fund represents and warrants that Designated Portfolio(s) shares
sold pursuant to this Agreement shall be registered under the 1933 Act, duly
authorized for issuance and sold in compliance with all applicable federal
securities laws including without limitation the 1933 Act, the 1934 Act, and the
1940 Act and that the Fund is and shall remain registered under the 1940 Act.
The Fund shall 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.

     2.3. The Fund reserves the right to adopt a plan pursuant to Rule 12b-1
under the 1940 Act and to impose an asset-based or other charge to finance
distribution expenses as permitted by applicable law and regulation. In any
event, the Fund and Adviser agree to comply with applicable provisions and SEC
staff interpretations of the 1940 Act to assure that the investment advisory or
management fees paid to the Adviser by the Fund are in accordance with the

                                       8
<PAGE>

requirements of the 1940 Act. To the extent that the Fund decides to finance
distribution expenses pursuant to Rule 12b-1, the Fund undertakes to have its
Board, a majority of whom are not interested persons of the Fund, formulate and
approve any plan pursuant to Rule 12b-1 under the 1940 Act to finance
distribution expenses.

     2.4. The Fund represents and warrants that it will make every effort to
ensure that Designated Portfolio(s) shares will be sold in compliance with the
insurance laws of the State of Delaware and all applicable state insurance and
securities laws. The Fund shall register and qualify the shares for sale in
accordance with the laws of the various states if and to the extent required by
applicable law. GALIC and the Fund will endeavor to mutually cooperate with
respect to the implementation of any modifications necessitated by any change in
state insurance laws, regulations or interpretations of the foregoing that
affect the Designated Portfolio(s) (a "Law Change"), and to keep each other
informed of any Law Change that becomes known to either party. In the event of a
Law Change, the Fund agrees that, except in those circumstances where the Fund
has advised GALIC that its Board of Directors has determined that implementation
of a particular Law Change is not in the best interest of all of the Fund's
shareholders with an explanation regarding why such action is lawful, any action
required by a Law Change will be taken.

     2.5. The Fund represents and warrants that it is lawfully organized and
validly existing under the laws of the State of Maryland and that it does and
will comply in all material respects with the 1940 Act.

     2.6. The Adviser represents and warrants that it is and shall remain duly
registered under all applicable federal and state securities laws and that it
shall perform its obligations for the Fund in compliance in all material
respects with any applicable state and federal securities laws.

     2.7. The Distributor represents and warrants that it is and shall remain
duly registered under all applicable federal and state securities laws and that
it shall perform its obligations for the

                                       9
<PAGE>

Fund in compliance in all material respects with the laws of any applicable
state and federal securities laws.

     2.8. The Fund and the Adviser represent and warrant that all of their
respective officers, employees, investment advisers, and other individuals or
entities dealing with the money and/or securities of the Fund are, and shall
continue to be at all times, covered by one or more blanket fidelity bonds or
similar coverage for the benefit of the Fund in an amount not less than the
minimal coverage required by Rule 17g-1 under the 1940 Act or related provisions
as may be promulgated from time to time. The aforesaid bonds shall include
coverage for larceny and embezzlement and shall be issued by a reputable bonding
company.

     2.9. The Fund will provide GALIC with as much advance notice as is
reasonably practicable of any material change affecting the Designated
Portfolio(s) (including, but not limited to, any material change in the
registration statement or prospectus affecting the Designated Portfolio(s)) and
any proxy solicitation affecting the Designated Portfolio(s) and consult with
GALIC in order to implement any such change in an orderly manner, recognizing
the expenses of changes and attempting to minimize such expenses by implementing
them in conjunction with regular annual updates of the prospectus for the
Contracts. The Fund agrees to share equitably in expenses incurred by GALIC as a
result of actions taken by the Fund, consistent with the allocation of expenses
contained in Schedule C attached hereto and incorporated herein by reference.

     2.10. GALIC represents and warrants, for purposes other than
diversification under Section 817 of the Internal Revenue Code of 1986 as
amended ("the Code"), that the Contracts are currently and at the time of
issuance will be treated as annuity contracts under applicable provisions of the
Code, and that it will make every effort to maintain such treatment and that it
will notify the Fund, the Distributor 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. In addition, GALIC
represents and warrants that the Account is a "segregated asset account" and
that interests in the Account are offered exclusively through the purchase of or

                                       10
<PAGE>

transfer into a "variable contract" within the meaning of such terms under
Section 817 of the Code and the regulations thereunder. GALIC will use every
effort to continue to meet such definitional requirements, and it will notify
the Fund, the Distributor and the Adviser immediately upon having a reasonable
basis for believing that such requirements have ceased to be met or that they
might not be met in the future. GALIC represents and warrants that it will not
purchase Fund shares with assets derived from tax-qualified retirement plans
except, indirectly, through Contracts purchased in connection with such plans.

ARTICLE III. Prospectuses and Proxy Statements; Voting.
             -----------------------------------------

     3.1. At least annually, the Adviser or Distributor shall provide GALIC with
as many copies of the Fund's current prospectus for the Designated Portfolio(s)
as GALIC may reasonably request for marketing purposes (including distribution
to Contractowners with respect to new sales of a Contract), with expenses to be
borne in accordance with Schedule C hereof. If requested by GALIC in lieu
thereof, the Adviser, Distributor or Fund shall provide such documentation
(including a camera-ready copy and computer diskette of the current prospectus
for the Designated Portfolio(s)) and other assistance as is reasonably necessary
in order for GALIC once each year (or more frequently if the prospectuses for
the Designated Portfolio(s) are amended) to have the prospectus for the
Contracts and the Fund's prospectus for the Designated Portfolio(s) printed
together in one document. The Fund and Adviser agree that the prospectus (and
semi-annual and annual reports) for the Designated Portfolio(s) will describe
only the Designated Portfolio(s) and will not name or describe any other
portfolios or series that may be in the Fund unless required by law.

     3.2. If applicable state or federal laws or regulations require that the
Statement of Additional Information ("SAI") for the Fund be distributed to all
Contractowners, then the Fund, Distributor and/or the Adviser shall provide
GALIC with copies of the Fund's SAI or documentation thereof for the Designated
Portfolio(s) in such quantities, with expenses to be borne in accordance with
Schedule C hereof, as GALIC may reasonably require to permit timely distribution
thereof to Contractowners. The Adviser, Distributor and/or the Fund shall also

                                       11
<PAGE>

provide SAIs to any Contractowner or prospective owner who requests such SAI
from the Fund (although it is anticipated that such requests will be made to
GALIC).

     3.3. The Fund, Distributor and/or Adviser shall provide GALIC with copies
of the Fund's proxy material, reports to stockholders and other communications
to stockholders for the Designated Portfolio(s) in such quantity, with expenses
to be borne in accordance with Schedule C hereof, as GALIC may reasonably
require to permit timely distribution thereof to Contractowners.

     3.4. It is understood and agreed that, except with respect to information
regarding GALIC provided in writing by that party, GALIC shall not be
responsible for the content of the prospectus or SAI for the Designated
Portfolio(s). It is also understood and agreed that, except with respect to
information regarding the Fund, the Distributor, the Adviser or the Designated
Portfolio(s) provided in writing by the Fund, the Distributor or the Adviser,
neither the Fund, the Distributor nor Adviser are responsible for the content of
the prospectus or SAI for the Contracts.

     3.5. If and to the extent required by law GALIC shall:

          (i)  solicit voting instructions from Contractowners;

          (ii) vote the Designated Portfolio(s) shares held in the Account in
               accordance with instructions received from Contractowners: and

          (iii) vote Designated Portfolio shares held in the Account for which
               no instructions have been received in the same proportion as
               Designated Portfolio(s) shares for which instructions have been
               received from 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 contract owners.
               GALIC reserves the right to vote Fund shares held in any
               segregated asset account in its own right, to the extent
               permitted by law.

     3.6. GALIC shall be responsible for assuring that each of its separate
accounts holding shares of a Designated Portfolio calculates voting privileges
as directed by the Fund and agreed to

                                       12
<PAGE>

by GALIC and the Fund. The Fund agrees to promptly notify GALIC of any changes
of interpretations or amendments of the Mixed and Shared Funding Exemptive
Order.

     3.7. The Fund will comply with all provisions of the 1940 Act requiring
voting by shareholders, and in particular the Fund will either 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, 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 directors or trustees and with whatever rules the SEC may
promulgate with respect thereto.

ARTICLE IV. Sales Material and Information.
            ------------------------------

     4.1. GALIC shall furnish, or shall cause to be furnished, to the Fund or
its designee, a copy of each piece of sales literature or other promotional
material that GALIC develops or proposes to use and in which the Fund (or a
Portfolio thereof), its Adviser or one of its sub-advisers or the Distributor is
named in connection with the Contracts, at least ten (10) Business Days prior to
its use. No such material shall be used if the Fund objects to such use within
five (5) Business Days after receipt of such material.

     4.2. GALIC shall not give any information or make any representations or
statements on behalf of the Fund in connection with the sale of the Contracts
other than the information or representations contained in the registration
statement, including the prospectus or SAI for the Fund shares, as the same may
be amended or supplemented from time to time, or in sales literature or other
promotional material approved by the Fund, Distributor or Adviser, except with
the permission of the Fund, Distributor or Adviser.

     4.3. The Fund or the Adviser shall furnish, or shall cause to be furnished,
to GALIC, a copy of each piece of sales literature or other promotional material
in which GALIC and/or its

                                       13
<PAGE>

separate account(s) is named at least ten (10) Business Days prior to its use.
No such material shall be used if GALIC objects to such use within five (5)
Business Days after receipt of such material.

     4.4. The Fund, the Distributor and the Adviser shall not give any
information or make any representations on behalf of GALIC or concerning GALIC,
the Account, or the Contracts other than the information or representations
contained in a registration statement, including the prospectus or SAI for the
Contracts, as the same may be amended or supplemented from time to time, or in
sales literature or other promotional material approved by GALIC or its
designee, except with the permission of GALIC.

     4.5. The Fund will provide to GALIC at least one complete copy of all
registration statements, prospectuses, SAIs, 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 Designated
Portfolio(s) within a reasonable period of time following the filing of such
document(s) with the SEC or NASD or other regulatory authorities.

     4.6. GALIC will provide to the Fund at least one complete copy of all
registration statements, prospectuses, SAIs, 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 the Account, contemporaneously with the
filing of such document(s) with the SEC, NASD, or other regulatory authority.

     4.7. For purposes of Articles IV and VIII, the phrase "sales literature and
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 media), 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

                                       14
<PAGE>

excerpts of any other advertisement, sales literature, or published article),
educational or training materials or other communications distributed or made
generally available to some or all agents or employees, and shareholder reports,
and proxy materials (including solicitations for voting instructions) and any
other material constituting sales literature or advertising under the NASD
rules, the 1933 Act or the 1940 Act.

     4.8. At the request of any party to this Agreement, each other party will
make available to the other party's independent auditors and/or representative
of the appropriate regulatory agencies, all records, data and access to
operating procedures that may be reasonably requested in connection with
compliance and regulatory requirements related to this Agreement or any party's
obligations under this Agreement.

ARTICLE V. Fees and Expenses
           -----------------

     5.1. The Fund and the Adviser shall pay no fee or other compensation to
GALIC under this Agreement, and GALIC shall pay no fee or other compensation to
the Fund or Adviser under this Agreement, although the parties hereto will bear
certain expenses in accordance with Schedule C, Articles III, V, and other
provisions of this Agreement.

     5.2. All expenses incident to performance by the Fund, the Distributor and
the Adviser under this Agreement shall be paid by the appropriate party, as
further provided in Schedule C. The Fund shall see to it that all shares of the
Designated Portfolio(s) are registered and authorized for issuance in accordance
with applicable federal law and, if and to the extent required, in accordance
with applicable state laws prior to their sale.

     5.3. The parties shall bear the expenses of routine annual distribution
(mailing costs) of the Fund's prospectus and distribution (mailing costs) of the
Fund's proxy materials and reports to owners of Contracts offered by GALIC, in
accordance with Schedule C.

                                       15
<PAGE>

ARTICLE VI. Diversification and Qualification.
            ---------------------------------

     6.1. The Fund, the Distributor and the Adviser represent and warrant that
the Fund will at all times sell its shares and invest its assets in such a
manner as to ensure that the Contracts will be treated as annuity contracts
under the Code, and the regulations issued thereunder. Without limiting the
scope of the foregoing, the Fund, Distributor and Adviser represent and warrant
that the Fund and each Designated Portfolio thereof will at all times comply
with Section 817(h) of the Code and Treasury Regulation ss.1.817-5, as amended
from time to time, and any Treasury interpretations thereof, relating to the
diversification requirements for variable annuity, endowment, or life insurance
contracts and any amendments or other modifications or successor provisions to
such Section or Regulations. The Fund, the Distributor and the Adviser agree
that shares of the Designated Portfolio(s) will be sold only to Participating
Insurance Companies and their separate accounts and to Qualified Plans.

     6.2. No shares of any Designated Portfolio of the Fund will be sold to the
general public.

     6.3. The Fund, the Distributor and the Adviser represent and warrant that
the Fund and each Designated Portfolio is currently qualified as a Regulated
Investment Company under Subchapter M of the Code, and that each Designated
Portfolio will maintain such qualification (under Subchapter M or any successor
or similar provisions) as long as this Agreement is in effect.

     6.4. The Fund, Distributor or Adviser will notify GALIC immediately upon
having a reasonable basis for believing that the Fund or any Designated
Portfolio has ceased to comply with the aforesaid Section 817(h) diversification
or Subchapter M qualification requirements or might not so comply in the future.

     6.5. Without in any way limiting the effect of Sections 8.2, 8.3 and 8.4
hereof and without in any way limiting or restricting any other remedies
available to GALIC, the Adviser or

                                       16
<PAGE>

Distributor will pay all costs associated with or arising out of any failure, or
any anticipated or reasonably foreseeable failure, of the Fund or any Designated
Portfolio to comply with Sections 6.1, 6.2, or 6.3 hereof, including all costs
associated with reasonable and appropriate corrections or responses to any such
failure; such costs may include, but are not limited to, the costs involved in
creating, organizing, and registering a new investment company as a funding
medium for the Contracts and/or the costs of obtaining whatever regulatory
authorizations are required to substitute shares of another investment company
for those of the failed Portfolio (including but not limited to an order
pursuant to Section 26(b) of the 1940 Act).

     6.6. GALIC agrees that if the Internal Revenue Service ("IRS") asserts in
writing in connection with any governmental audit or review of GALIC or, to
GALIC's knowledge, of any Contractowner that any Designated Portfolio has failed
to comply with the diversification requirements of Section 817(h) of the Code or
GALIC otherwise becomes aware of any facts that could give rise to any claim
against the Fund, Distributor or Adviser as a result of such a failure or
alleged failure:

     (a) GALIC shall promptly notify the Fund, the Distributor and the Adviser
     of such assertion or potential claim;

     (b) GALIC shall consult with the Fund, the Distributor and the Adviser as
     to how to minimize any liability that may arise as a result of such failure
     or alleged failure;

     (c) GALIC shall use its best efforts to minimize any liability of the Fund,
     the Distributor and the Adviser resulting from such failure, including,
     without limitation, demonstrating, pursuant to Treasury Regulations,
     Section 1.817-5(a)(2), to the commissioner of the IRS that such failure was
     inadvertent;

     (d) any written materials to be submitted by GALIC to the IRS, any
     Contractowner or any other claimant in connection with any of the foregoing
     proceedings or contests (including, without limitation, any such materials
     to be submitted to the IRS pursuant to

                                       17
<PAGE>

     Treasury Regulations, Section 1.817-5(a)(2)) shall be provided by GALIC to
     the Fund, the Distributor and the Adviser (together with any supporting
     information or analysis) within at least two (2) business days prior to
     submission;

     (e) GALIC shall provide the Fund, the Distributor and the Adviser with such
     cooperation as the Fund, the Distributor and the Adviser shall reasonably
     request (including, without limitation, by permitting the Fund, the
     Distributor and the Adviser to review the relevant books and records of
     GALIC) in order to facilitate review by the Fund, the Distributor and the
     Adviser of any written submissions provided to it or its assessment of the
     validity or amount of any claim against it arising from such failure or
     alleged failure;

     (f) GALIC shall not with respect to any claim of the IRS or any
     Contractowner that would give rise to a claim against the Fund, the
     Distributor and the Adviser (i) compromise or settle any claim, (ii) accept
     any adjustment on audit, or (iii) forego any allowable administrative or
     judicial appeals, without the express written consent of the Fund, the
     Distributor and the Adviser, which shall not be unreasonably withheld;
     provided that, GALIC shall not be required to appeal any adverse judicial
     decision unless the Fund and the Adviser shall have provided an opinion of
     independent counsel to the effect that a reasonable basis exists for taking
     such appeal; and further provided that the Fund, the Distributor and the
     Adviser shall bear the costs and expenses, including reasonable attorney's
     fees, incurred by GALIC in complying with this clause (f).

ARTICLE VII. Potential Conflicts and Compliance With Mixed and Shared Funding
             ----------------------------------------------------------------
Exemptive Order
---------------

     7.1. The Board will monitor the Fund for the existence of any material
irreconcilable conflict between the interests of the contract owners 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)

                                       18
<PAGE>

an administrative or judicial decision in any relevant proceeding; (d) the
manner in which the investments of any Designated Portfolio are being managed;
(e) a difference in voting instructions given by variable annuity contract and
variable life insurance contract owners or by contract owners of different
Participating Insurance Companies; or (f) a decision by a Participating
Insurance Company to disregard the voting instructions of contract owners. The
Board shall promptly inform GALIC if it determines that an irreconcilable
material conflict exists and the implications thereof.

     7.2. GALIC will report any potential or existing conflicts of which it is
aware to the Board. GALIC will assist the Board in carrying out its
responsibilities under the Mixed and Shared Funding Exemptive Order, by
providing the Board with all information reasonably necessary for the Board to
consider any issues raised. This includes, but is not limited to, an obligation
by GALIC to inform the Board whenever contract owner voting instructions are to
be disregarded. Such responsibilities shall be carried out by GALIC with a view
only to the interests of its Contractowners.

     7.3. If it is determined by a majority of the Board, or a majority of its
directors who are not interested persons of the Fund, the Distributor, the
Adviser or any sub-adviser to any of the Designated Portfolios (the "Independent
Directors"), that a material irreconcilable conflict exists, GALIC and other
Participating Insurance Companies shall, at their expense and to the extent
reasonably practicable (as determined by a majority of the Independent
Directors), 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
Designated 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 contract owners and, as appropriate, segregating the assets of
any appropriate group (i.e., annuity contract owners, life insurance contract
owners, or variable contract owners of one or more Participating Insurance
Companies) that votes in favor of such segregation, or offering to the affected
contract owners the option of making such a

                                       19
<PAGE>

change; and (2) establishing a new registered management investment company or
managed separate account.

     7.4. If a material irreconcilable conflict arises because of a decision by
GALIC to disregard Contractowner voting instructions and that decision
represents a minority position or would preclude a majority vote, GALIC may be
required, at the Fund's election, to withdraw the Account's investment in the
Fund and terminate this Agreement; 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 Independent
Directors. 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 Adviser, the
Distributor and the Fund shall continue to accept and implement orders by GALIC
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 GALIC conflicts with the
majority of other state regulators, then GALIC will withdraw the Account's
investment in the Fund and terminate this Agreement within six months after the
Board informs GALIC 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 Board. Until the end of the foregoing six month
period, the Fund shall continue to accept and implement orders by GALIC for the
purchase (and redemption) of shares of the Fund.

     7.6. For purposes of Sections 7.3 through 7.6 of this Agreement, a majority
of the disinterested members of the 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.
GALIC shall not be required by Section 7.3 to establish a new funding medium for
the Contracts if an offer to do so has been declined by vote of a majority of
Contractowners affected by the irreconcilable material conflict. In the event
that the

                                       20
<PAGE>

Board determines that any proposed action does not adequately remedy any
irreconcilable material conflict, then GALIC will withdraw the Account's
investment in the Fund and terminate this Agreement within six (6) months after
the Board informs GALIC 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 Independent Directors.

     7.7. 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, 3.7, 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
such Rule(s) as so amended or adopted.

ARTICLE VIII. Indemnification
              ---------------

     8.1. Indemnification By GALIC

     8.1(a). GALIC agrees to indemnify and hold harmless the Fund, the
Distributor and the Adviser and each of their respective officers and directors
or trustees and each person, if any, who controls the Fund, Distributor or
Adviser within the meaning of Section 15 of the 1933 Act (collectively, the
"Indemnified Parties" for purposes of this Section 8.1) against any and all
losses, claims, expenses, damages and liabilities (including amounts paid in
settlement with the written consent of GALIC) or litigation (including
reasonable legal and other expenses) to which the Indemnified Parties may become
subject under any statute or regulation, at common law or otherwise, insofar as
such losses, claims, expenses, damages or liabilities (or actions in respect

                                       21
<PAGE>

thereof) or settlements are related to the sale or acquisition of the Fund's
shares or the Contracts and:

     (i)  arise out of or are based upon any untrue statements or alleged untrue
          statements of any material fact contained in the registration
          statement or prospectus or SAI covering 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 therein or necessary to make the statements therein not
          misleading, PROVIDED that this Agreement to indemnify shall 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 in writing to GALIC by or on
          behalf of the Adviser, Distributor or Fund for use in the registration
          statement or prospectus for the Contracts or in the Contracts or sales
          literature or other promotional material (or any amendment or
          supplement to any of the foregoing) or otherwise for use in connection
          with the sale of the Contracts or Fund shares; or

     (ii) arise out of or as a result of statements or representations (other
          than statements or representations contained in the registration
          statement, prospectus or sales literature or other promotional
          material of the Fund not supplied by GALIC or persons under its
          control) or wrongful conduct of GALIC or persons under its control,
          with respect to the sale or distribution of the Contracts or Fund
          Shares; or

     (iii) arise out of any untrue statement or alleged untrue statement of a
          material fact contained in a registration statement, prospectus, SAI,
          or sales literature or other promotional material of the Fund, or any
          amendment thereof or supplement thereto, or the omission or alleged
          omission to state therein a material fact required to be stated
          therein or necessary to make the statements therein not misleading, if
          such a statement or omission was made in reliance upon information
          furnished in writing to the Fund by or on behalf of GALIC; or

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

     (v)  arise out of or result from any material breach of any representation
          and/or warranty made by GALIC in this Agreement or arise out of or
          result from any other material breach of this Agreement by GALIC,
          including without limitation Section 2.10 and Section 6.6 hereof,

as limited by and in accordance with the provisions of Sections 8.1(b) and
8.1(c) hereof.

     8.1(b). GALIC shall not be liable under this indemnification provision with
respect to any losses, claims, expenses, damages, liabilities or litigation to
which an Indemnified Party would

                                       22
<PAGE>

otherwise be subject by reason of such Indemnified Party's willful misfeasance,
bad faith, or negligence in the performance of such Indemnified Party's duties
or by reason of such Indemnified Party's reckless disregard of obligations or
duties under this Agreement or to any of the Indemnified Parties.

     8.1(c). GALIC shall not be liable under this indemnification provision with
respect to any claim made against an Indemnified Party unless such Indemnified
Party shall have notified GALIC in writing within a reasonable time after the
summons or other first legal process giving information of the nature of the
claim shall have been served upon such Indemnified Party (or after such
Indemnified Party shall have received notice of such service on any designated
agent), but failure to notify GALIC of any such claim shall not relieve GALIC
from any liability which it may have to the Indemnified Party against whom such
action is brought otherwise than on account of this indemnification provision,
except to the extent that GALIC has been prejudiced by such failure to give
notice. In case any such action is brought against the Indemnified Parties,
GALIC shall be entitled to participate, at its own expense, in the defense of
such action. GALIC also shall be entitled to assume the defense thereof, with
counsel satisfactory to the party named in the action. After notice from GALIC
to such party of GALIC's election to assume the defense thereof, the Indemnified
Party shall bear the fees and expenses of any additional counsel retained by it,
and GALIC 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.

     8.1(d). The Indemnified Parties will promptly notify GALIC of the
commencement of any litigation or proceedings 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.
          ------------------------------

     8.2(a). The Adviser agrees to indemnify and hold harmless GALIC and its
directors and officers and each person, if any, who controls GALIC within the
meaning of Section 15 of the

                                       23
<PAGE>

1933 Act (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 or regulation, at
common law or otherwise, insofar as such losses, claims, damages, liabilities or
expenses (or actions in respect thereof) or settlements are related to the sale
or acquisition of the Fund's shares or the Contracts and:

     (i)  arise out of or are based upon any untrue statement or alleged untrue
          statement of any material fact contained in the registration statement
          or prospectus or SAI or sales literature or other promotional material
          of the Fund prepared by the Fund, the Distributor or the Adviser (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 therein or necessary to
          make the statements therein not misleading, PROVIDED that this
          Agreement to indemnify shall 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 in
          writing to the Adviser, the Distributor or the Fund by or on behalf of
          GALIC for use in the registration statement, prospectus or SAI for the
          Fund or in sales literature or other promotional material (or any
          amendment or supplement to any of the foregoing) or otherwise for use
          in connection with the sale of the Contracts or the Fund shares; or

     (ii) arise out of or as a result of statements or representations (other
          than statements or representations contained in the registration
          statement, prospectus, SAI or sales literature or other promotional
          material for the Contracts not supplied by the Adviser or persons
          under its control) or wrongful conduct of the Fund, the Distributor or
          the Adviser or persons under their control, with respect to the sale
          or distribution of the Contracts or Fund shares; or

     (iii) arise out of any untrue statement or alleged untrue statement of a
          material fact contained in a registration statement, prospectus, SAI,
          or sales literature or other promotional material covering the
          Contracts, or any amendment thereof or supplement thereto, or the
          omission or alleged omission to state therein a material fact required
          to be stated therein or necessary to make the statement or statements
          therein not misleading, if such statement or omission was made in
          reliance upon information furnished in writing to GALIC by or on
          behalf of the Adviser, the Distributor or the Fund; or

     (iv) arise as a result of any failure by the Fund, the Distributor or the
          Adviser 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

                                       24
<PAGE>

          with the diversification and other qualification requirements
          specified in Article VI of this Agreement); or

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

     (vi) arise out of or result from the incorrect or untimely calculation or
          reporting by the Fund, the Distributor or the Adviser of the daily net
          asset value per share (subject to Section 1.10 of this Agreement) or
          dividend or capital gain distribution rate;

as limited by and in accordance with the provisions of Sections 8.2(b) and
8.2(c) hereof. This indemnification is in addition to and apart from the
responsibilities and obligations of the Adviser specified in Article VI hereof.

     8.2(b). The Adviser shall not be liable under this indemnification
provision with respect to any losses, claims, expenses, damages, liabilities or
litigation to which an Indemnified Party would otherwise be subject by reason of
such Indemnified Party's willful misfeasance, bad faith, or negligence in the
performance of such Indemnified Party's duties or by reason of such Indemnified
Party's reckless disregard of obligations or duties under this Agreement or to
any of the Indemnified Parties.

     8.2(c). The Adviser shall not be liable under this indemnification
provision with respect to any claim made against an Indemnified Party unless
such Indemnified Party shall have notified the Adviser in writing within a
reasonable time after the summons or other first legal process giving
information of the nature of the claim shall have been served upon such
Indemnified Party (or after such Indemnified Party shall have received notice of
such service on any designated agent), but failure to notify the Adviser of any
such claim shall not relieve the Adviser from any liability which it may have to
the Indemnified Party against whom such action is brought otherwise than on
account of this indemnification provision, except to the extent that the Adviser
has been prejudiced by such failure to give notice. In case any such action is
brought against the Indemnified Parties, the Adviser will be entitled to
participate, at its own expense, in the defense thereof. The Adviser also shall
be entitled to assume the defense thereof, with counsel

                                       25
<PAGE>

satisfactory to the party named in the action. After notice from the Adviser to
such party of the Adviser's election to assume the defense thereof, the
Indemnified Party shall bear the fees and expenses of any additional counsel
retained by it, and the Adviser 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.

     8.2(d). GALIC agrees promptly to notify the Adviser of the commencement of
any litigation or proceedings against it or any of its officers or directors in
connection with the issuance or sale of the Contracts or the operation of the
Account.

     8.3. Indemnification By the Fund.
          ---------------------------

     8.3(a). The Fund agrees to indemnify and hold harmless GALIC and its
directors and officers and each person, if any, who controls GALIC within the
meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties"
for purposes of this Section 8.3) against any and all losses, claims, expenses,
damages and liabilities (including amounts paid in settlement with the written
consent of the Fund) or litigation (including reasonable legal and other
expenses) to which the Indemnified Parties may be required to pay or become
subject under any statute or regulation, at common law or otherwise, insofar as
such losses, claims, expenses, damages, liabilities or expenses (or actions in
respect thereof) or settlements, are related to the operations of the Fund and:

     (i)  arise as a result of any failure by the Fund 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 and other qualification requirements
          specified in Article VI of this Agreement); or

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

     (iii) arise out of or result from the incorrect or untimely calculation or
          reporting of the daily net asset value per share (subject to Section
          1.10 of this Agreement) or dividend or capital gain distribution rate;

                                       26
<PAGE>

as limited by and in accordance with the provisions of Sections 8.3(b) and
8.3(c) hereof.

     8.3(b). The Fund shall not be liable under this indemnification provision
with respect to any losses, claims, expenses, damages, liabilities or litigation
to which an Indemnified Party would otherwise be subject by reason of such
Indemnified Party's willful misfeasance, bad faith, or negligence in the
performance of such Indemnified Party's duties or by reason of such Indemnified
Party's reckless disregard of obligations or duties under this Agreement or to
any of the Indemnified Parties.

     8.3(c). The Fund shall not be liable under this indemnification provision
with respect to any claim made against an Indemnified Party unless such
Indemnified Party shall have notified the Fund in writing within a reasonable
time after the summons or other first legal process giving information of the
nature of the claim shall have been served upon such Indemnified Party (or after
such Indemnified Party shall have received notice of such service on any
designated agent), but failure to notify the Fund of any such claim shall not
relieve it from any liability which it may have to the Indemnified Party against
whom such action is brought otherwise than on account of this indemnification
provision, except to the extent that the Fund has been prejudiced by such
failure to give notice. In case any such action is brought against the
Indemnified Parties, the Fund will be entitled to participate, at its own
expense, in the defense thereof. The Fund shall also be entitled to assume the
defense thereof, with counsel satisfactory to the party named in the action.
After notice from the Fund to such party of the Fund's election to assume the
defense thereof, the Indemnified Party shall bear the fees and expenses of any
additional counsel retained by it, and the Fund 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.

     8.3(d). GALIC agrees promptly to notify the Fund of the commencement of any
litigation or proceeding against itself or any of its respective officers or
directors in connection with the

                                       27
<PAGE>

Agreement, the issuance or sale of the Contracts, the operation of the Account,
or the sale or acquisition of shares of the Fund.

     8.4. Indemnification by the Distributor.
          ----------------------------------

     8.4(a). The Distributor agrees to indemnify and hold harmless GALIC and its
directors and officers and each person, if any, who controls GALIC within the
meaning of Section 15 of the 1933 Act (collectively, the "Indemnified Parties"
for purposes of this Section 8.4) against any and all losses, claims, expenses,
damages and liabilities (including amounts paid in settlement with the written
consent of the Distributor) or litigation (including reasonable legal and other
expenses) to which the Indemnified Parties may become subject under any statute
or regulation, at common law or otherwise, insofar as such losses, claims,
damages, liabilities or expenses (or actions in respect thereof) or settlements
are related to the sale or acquisition of the Fund's shares or the Contracts
and:

     (i)  arise out of or are based upon any untrue statement or alleged untrue
          statement of any material fact contained in the registration statement
          or prospectus or SAI or sales literature or other promotional material
          of the Fund prepared by the Fund, Adviser or Distributor (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 therein or necessary to make the
          statements therein not misleading, PROVIDED that this Agreement to
          indemnify shall 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 in
          writing to the Adviser, the Distributor or Fund by or on behalf of
          GALIC for use in the registration statement or SAI or prospectus for
          the Fund or in sales literature or other promotional material (or any
          amendment or supplement to any of the foregoing) or otherwise for use
          in connection with the sale of the Contracts or Fund shares; or

     (ii) arise out of or as a result of statements or representations (other
          than statements or representations contained in the registration
          statement, prospectus, SAI, sales literature or other promotional
          material for the Contracts not supplied by the Distributor or persons
          under its control) or wrongful conduct of the Fund, the Distributor or
          Adviser or persons under their control, with respect to the sale or
          distribution of the Contracts or Fund shares; or

                                       28
<PAGE>

     (iii) arise out of any untrue statement or alleged untrue statement of a
          material fact contained in a registration statement, prospectus, SAI,
          sales literature or other promotional material covering the Contracts,
          or any amendment thereof or supplement thereto, or the omission or
          alleged omission to state therein a material fact required to be
          stated therein or necessary to make the statement or statements
          therein not misleading, if such statement or omission was made in
          reliance upon information furnished in writing to GALIC by or on
          behalf of the Adviser, the Distributor or Fund; or

     (iv) arise as a result of any failure by the Fund, Adviser or 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 and other
          qualification requirements specified in Article VI of this Agreement);
          or

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

     (vi) arise out of or result from the incorrect or untimely calculation or
          reporting of the daily net asset value per share (subject to Section
          1.10 of this Agreement) or dividend or capital gain distribution rate;

as limited by and in accordance with the provisions of Sections 8.4(b) and
8.4(c) hereof. This indemnification is in addition to and apart from the
responsibilities and obligations of the Distributor specified in Article VI
hereof.

     8.4(b). The Distributor shall not be liable under this indemnification
provision with respect to any losses, claims, expenses, damages, liabilities or
litigation to which an Indemnified Party would otherwise be subject by reason of
such Indemnified Party's willful misfeasance, bad faith, or negligence in the
performance or such Indemnified Party's duties or by reason of such Indemnified
Party's reckless disregard of obligations or duties under this Agreement or to
any of the Indemnified Parties.

     8.4(c) The Distributor shall not be liable under this indemnification
provision with respect to any claim made against an Indemnified Party unless
such Indemnified Party shall have notified the Distributor in writing within a
reasonable time after the summons or other first legal process

                                       29
<PAGE>

giving information of the nature of the claim shall have been served upon such
Indemnified Party (or after such Indemnified Party shall have received notice of
such service on any designated agent), but failure to notify the Distributor of
any such claim shall not relieve the Distributor from any liability which it may
have to the Indemnified Party against whom such action is brought otherwise than
on account of this indemnification provision, except to the extent that the
Distributor has been prejudiced by such failure to give notice. In case any such
action is brought against the Indemnified Parties, the Distributor will be
entitled to participate, at its own expense, in the defense thereof. The
Distributor also shall be entitled to assume the defense thereof, with counsel
satisfactory to the party named in the action. After notice from the Distributor
to such party of the Distributor's election to assume the defense thereof, the
Indemnified Party shall bear the fees and expenses of any additional counsel
retained by it, and the Distributor 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.

     8.4(d) GALIC agrees to promptly notify the Distributor of the commencement
of any litigation or proceedings against it or any of its officers or directors
in connection with the issuance or sale of the Contracts or the operation of the
Account.

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 New Jersey,
without regard to the New Jersey Conflict of Laws provisions.

     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, the Mixed and Shared Funding Exemptive Order)
and the terms hereof shall be interpreted and construed in accordance therewith.

                                       30
<PAGE>

ARTICLE X. Termination .
           ------------

     10.1. This Agreement shall terminate:

          (a) at the option of any party, with or without cause, with respect to
          some or all Designated Portfolios, upon sixty (60) days advance
          written notice delivered to the other parties; provided, however, that
          such notice shall not be given earlier than six (6) months following
          the date of this Agreement; or

          (b) at the option of GALIC by written notice to the other parties with
          respect to any Designated Portfolio based upon GALIC's determination
          that shares of such Designated Portfolio are not reasonably available
          to meet the requirements of the Contracts; or

          (c) at the option of GALIC by written notice to 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 GALIC; or

          (d) at the option of the Fund, Distributor or Adviser in the event
          that formal administrative proceedings are instituted against GALIC by
          the NASD, the SEC, the Insurance Commissioner or like official of any
          state or any other regulatory body regarding GALIC's duties under this
          Agreement or related to the sale of the Contracts, the operation of
          any Account, or the purchase of the Fund shares, if, in each case, the
          Fund, Distributor or Adviser, as the case may be, reasonably
          determines in its sole judgment exercised in good faith, that any such
          administrative proceedings will have a material adverse effect upon
          the ability of GALIC to perform its obligations under this Agreement;
          or

          (e) at the option of GALIC in the event that formal administrative
          proceedings are instituted against the Fund, the Distributor or the
          Adviser by the NASD, the SEC, or any state securities or insurance
          department or any other regulatory body, if GALIC reasonably
          determines in its sole judgment exercised in good faith, that any such
          administrative proceedings will have a material adverse effect upon
          the ability of the Fund, the Distributor or the Adviser to perform
          their obligations under this Agreement; or

          (f) at the option of GALIC by written notice to the Fund with respect
          to any Designated Portfolio if GALIC reasonably believes that the
          Designated Portfolio will fail to meet the Section 817(h)
          diversification requirements or Subchapter M qualifications specified
          in Article VI hereof; or

                                       31
<PAGE>

          (g) at the option of either the Fund, the Distributor or the Adviser,
          if (i) the Fund, Distributor or Adviser, respectively, shall
          determine, in its sole judgment reasonably exercised in good faith,
          that GALIC has suffered a material adverse change in its business or
          financial condition or is the subject of material adverse publicity
          and that material adverse change or publicity will have a material
          adverse impact on GALIC's ability to perform its obligations under
          this Agreement, (ii) the Fund, Distributor or Adviser notifies GALIC
          of that determination and its intent to terminate this Agreement, and
          (iii) after considering the actions taken by GALIC and any other
          changes in circumstances since the giving of such a notice, the
          determination of the Fund, Distributor or Adviser shall continue to
          apply on the sixtieth (60th) day following the giving of that notice,
          which sixtieth day shall be the effective date of termination; or

          (h) at the option of GALIC, if (i) GALIC shall determine, in its sole
          judgment reasonably exercised in good faith, that the Fund,
          Distributor or Adviser has suffered a material adverse change in its
          business or financial condition or is the subject of material adverse
          publicity and that material adverse change or publicity will have a
          material adverse impact on the Fund's, Distributor's or Adviser's
          ability to perform its obligations under this Agreement, (ii) GALIC
          notifies the Fund, Distributor or Adviser, as appropriate, of that
          determination and its intent to terminate this Agreement, and (iii)
          after considering the actions taken by the Fund, Distributor or
          Adviser and any other changes in circumstances since the giving of
          such a notice, the determination of GALIC shall continue to apply on
          the sixtieth (60th) day following the giving of that notice, which
          sixtieth day shall be the effective date of termination; or

          (i) at the option of any non-defaulting party hereto in the event of a
          material breach of this Agreement by any party hereto (the "defaulting
          party") other than as described in Section 10.1(a)-(j); provided, that
          the non-defaulting party gives written notice thereof to the
          defaulting party, with copies of such notice to all other
          non-defaulting parties, and if such breach shall not have been
          remedied within thirty (30) days after such written notice is given,
          then the non-defaulting party giving such written notice may terminate
          this Agreement by giving thirty (30) days written notice of
          termination to the defaulting party; or

          (j) at any time upon written agreement of all parties to this
          Agreement.

     10.2. Notice Requirement.
           ------------------

No termination of this Agreement shall 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 shall set forth the basis for the
termination. Furthermore,

                                       32
<PAGE>

     (a) in the event any termination is based upon the provisions of Article
     VII, or the provisions of Section 10.1(a), 10.1(g) or 10.1(h) of this
     Agreement, the prior written notice shall be given in advance of the
     effective date of termination as required by those provisions unless such
     notice period is shortened by mutual written agreement of the parties;

     (b) in the event any termination is based upon the provisions of Section
     10.1(d), 10.1(e) or 10.1(i) of this Agreement, the prior written notice
     shall be given at least sixty (60) days before the effective date of
     termination; and

     (c) in the event any termination is based upon the provisions of Section
     10.1(b), 10.1(c) o 10.1(f), the prior written notice shall be given in
     advance of the effective date of termination, which date shall be
     determined by the party sending the notice.

     10.3. Effect of Termination.
           ---------------------

Notwithstanding any termination of this Agreement, other than as a result of a
failure by either the Fund or GALIC to meet Section 817(h) of the Code
diversification requirements, the Fund, the Distributor and the Adviser shall,
at the option of GALIC, continue to make available additional shares of the
Designated Portfolio(s) 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 shall be permitted to
reallocate investments in the Designated Portfolio(s), redeem investments in the
Designated Portfolio(s) and/or invest in the Designated Portfolio(s) upon the
making of additional purchase payments under the Existing Contracts. The parties
agree that this Section 10.3 shall not apply to any terminations under Article
VII and the effect of such Article VII terminations shall be governed by Article
VII of this Agreement.

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

                                       33
<PAGE>

provisions of this Agreement shall also survive and not be affected by any
termination of this Agreement.

ARTICLE XI. Notices.
            --------

     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 parties.

If to the Fund:

           The Prudential Series Fund, Inc.
           Gateway Center Three
           100 Mulberry Street, 4th Floor
           Newark, NJ  07102-4077
           Attention:  Secretary

If to the Adviser:

           The Prudential Insurance Company of America
           751 Broad Street, 21st Floor
           Newark, NJ  07102
           Attention:  Secretary

If to the Distributor:

           Prudential Investment Management Services LLC
           Gateway Center Three
           100 Mulberry Street, 14th Floor
           Newark, NJ  07102-4077
           Attention:  Secretary

If to GALIC:

           Myles R. Tashman
           Executive Vice President, General Counsel & Secretary
           ING Variable Annuities
           1475 Dunwoody Drive
           West Chester, PA 19380

                                       34
<PAGE>

ARTICLE XII. Miscellaneous.
             -------------

     12.1. Subject to the requirements of legal process and regulatory
authority, each party hereto shall treat as confidential the names and addresses
of the owners of the Contracts and all information reasonably identified as
confidential in writing by any other party hereto and, except as permitted by
this Agreement, shall not disclose, disseminate or utilize such names and
addresses and other confidential information without the express written consent
of the affected party until such time as such information may come into the
public domain. Without limiting the foregoing, no party hereto shall disclose
any information that another party has designated as proprietary.

     12.2. 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.

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

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

     12.5. Each party hereto shall cooperate with each other party and all
appropriate governmental authorities (including without limitation the SEC, the
NASD and state insurance regulators) and shall permit 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.
Notwithstanding the generality of the foregoing, each party hereto further
agrees to furnish the Delaware Commissioner of Insurance with any information or
reports in connection with services provided under this Agreement which such
Commissioner may request in order to ascertain whether the variable annuity
operations of GALIC are being conducted in a

                                       35
<PAGE>

manner consistent with the Delaware Variable Annuity Regulations and any other
applicable law or regulations.

     12.6. Any controversy or claim arising out of or relating to this
Agreement, or breach thereof, shall be settled by arbitration in a forum jointly
selected by the relevant parties (but if applicable law requires some other
forum, then such other forum) in accordance with the Commercial Arbitration
Rules of the American Arbitration Association, and judgment upon the award
rendered by the arbitrators may be entered in any court having jurisdiction
thereof.

     12.7. The rights, remedies and obligations contained in this Agreement are
cumulative and are in addition to any and all rights, remedies and obligations,
at law or in equity, which the parties hereto are entitled to under state and
federal laws.

     12.8. This Agreement or any of the rights and obligations hereunder may not
be assigned by any party without the prior written consent of all parties
hereto.

     12.9. GALIC agrees that the obligations assumed by the Fund, Distributor
and the Adviser pursuant to this Agreement shall be limited in any case to the
Fund, Distributor and Adviser and their respective assets and GALIC shall not
seek satisfaction of any such obligation from the shareholders of the Fund,
Distributor or the Adviser, the Directors, officers, employees or agents of the
Fund, Distributor or Adviser, or any of them.

     12.10. The Fund, the Distributor and the Adviser agree that the obligations
assumed by GALIC pursuant to this Agreement shall be limited in any case to
GALIC and its assets and neither the Fund, Distributor nor Adviser shall seek
satisfaction of any such obligation from the shareholders of GALIC, the
directors, officers, employees or agents of the GALIC, or any of them.

                                       36
<PAGE>

     12.11. No provision of this Agreement may be deemed or construed to modify
or supersede any contractual rights, duties, or indemnifications, as between the
Adviser and the Fund, and the Distributor and 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 its authorized officer,

                               By: /s/ David L. Jacobson
                                  -----------------------------
                               Title: Senior Vice President
                                     --------------------------
                               Date: April 25, 2000
                                    ---------------------------

                               THE PRUDENTIAL SERIES FUND, INC.

                               By its authorized officer,

                               By: /s/ John R. Strangfeld
                                  -----------------------------
                               Title: President
                                     --------------------------
                               Date: April 25, 2000
                                    ---------------------------

                               THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

                               By its authorized officer,

                               By: /s/ John R. Strangfeld
                                  -----------------------------
                               Title: Executive Vice President
                                     --------------------------
                               Date: April 25, 2000
                                    ---------------------------

                               PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC

                               By its authorized officer,

                               By: /s/ Robert F. Gunia
                                  -----------------------------
                               Title: President
                                     --------------------------
                               Date: April 25, 2000
                                    ---------------------------

                                       37
<PAGE>

                                   SCHEDULE A
                                   ----------

Contracts
---------

All Deferred Variable Annuity Contracts Issued By Golden American Life Insurance
Company Separate Account B

                                       38
<PAGE>

                                   SCHEDULE B
                                   ----------

Designated Portfolio(s)
-----------------------

Prudential Series Fund, Inc.--Prudential Jennison Portfolio

                                       39
<PAGE>

                                   SCHEDULE C

                                    EXPENSES
                                    --------

The Fund and/or the Distributor and/or Adviser, and GALIC will coordinate the
functions and pay the costs of the completing these functions based upon an
allocation of costs in the tables below. Costs shall be allocated to reflect the
Fund's share of the total costs determined according to the number of pages of
the Fund's respective portions of the documents.

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                                                                             PARTY
                                                    PARTY RESPONSIBLE        RESPONSIBLE FOR
ITEM                     FUNCTION                   FOR COORDINATION         EXPENSE
--------------------------------------------------------------------------------------------------
<S>                      <C>                        <C>                      <C>
Mutual Fund              Printing of combined       GALIC                    GALIC
Prospectus               prospectuses
--------------------------------------------------------------------------------------------------
                         Fund, Distributor or       GALIC                    Fund, Distributor or
                         Adviser shall supply                                Adviser, as
                         GALIC with such
                         numbers of the
                         Designated
                         Portfolio(s)
                         prospectus(es) as
                         GALIC shall reasonably
                         request
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                    GALIC
                         (including postage) to
                         New and Inforce
                         Clients
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                    GALIC
                         (including postage) to
                         Prospective Clients
--------------------------------------------------------------------------------------------------
Product Prospectus       Printing and               GALIC                    GALIC
                         Distribution for
                         Inforce and
                         Prospective Clients
--------------------------------------------------------------------------------------------------

                                       40
<PAGE>

--------------------------------------------------------------------------------------------------
                                                                             PARTY
                                                    PARTY RESPONSIBLE        RESPONSIBLE FOR
ITEM                     FUNCTION                   FOR COORDINATION         EXPENSE
--------------------------------------------------------------------------------------------------
Mutual Fund              If Required by Fund,       Fund, Distributor or     Fund, Distributor or
Prospectus Update &      Distributor or             Adviser                  Adviser
Distribution             Adviser
--------------------------------------------------------------------------------------------------
                         If Required by GALIC       GALIC (Fund,             GALIC
                                                    Distributor or
                                                    Adviser to provide
                                                    GALIC with document
                                                    in PDF format)
--------------------------------------------------------------------------------------------------
Product Prospectus       If Required by Fund,       GALIC                    Fund, Distributor or
Update &                 Distributor or                                      Adviser
Distribution             Adviser
--------------------------------------------------------------------------------------------------
                         If Required by GALIC       GALIC                    GALIC
--------------------------------------------------------------------------------------------------
Mutual Fund SAI          Printing                   Fund, Distributor or     Fund, Distributor or
                                                    Adviser                  Adviser
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                    GALIC
                         (including postage)
--------------------------------------------------------------------------------------------------
Product SAI              Printing                   GALIC                    GALIC
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                    GALIC
--------------------------------------------------------------------------------------------------
Proxy Material for       Printing if proxy          Fund, Distributor or     Fund, Distributor or
Mutual Fund:             required by Law            Adviser                  Adviser
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                     Fund, Distributor or
                         (including labor)if                                 Adviser
                         proxy required by
                         Law
--------------------------------------------------------------------------------------------------
                         Printing &                 GALIC                    GALIC
                         distribution if
                         required by GALIC
--------------------------------------------------------------------------------------------------
Mutual Fund Annual       Printing of reports        Fund, Distributor or     Fund, Distributor or
& Semi-Annual                                       Adviser (Designated      Adviser
Report                                              Portfolio only)
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                    GALIC
--------------------------------------------------------------------------------------------------

                                       41
<PAGE>

--------------------------------------------------------------------------------------------------
                                                                             PARTY
                                                    PARTY RESPONSIBLE        RESPONSIBLE FOR
ITEM                     FUNCTION                   FOR COORDINATION         EXPENSE
--------------------------------------------------------------------------------------------------
Other communication      If Required by the         GALIC                    Fund, Distributor or
to New and               Fund, Distributor or                                Adviser
Prospective clients      Adviser
--------------------------------------------------------------------------------------------------
                         If Required by GALIC       GALIC                    GALIC
--------------------------------------------------------------------------------------------------
Other communication      Distribution               GALIC                    Fund, Distributor
to inforce               (including labor and                                or  Adviser
                         printing) if required
                         by the Fund,
                         Distributor or
                         Adviser
--------------------------------------------------------------------------------------------------
                         Distribution               GALIC                    GALIC
                         (including labor and
                         printing)if required by
                         GALIC
--------------------------------------------------------------------------------------------------
Errors in Share Price    Cost of error to           GALIC                    Fund or Adviser
calculation pursuant     participants
to Section 1.10
--------------------------------------------------------------------------------------------------
                         Cost of reasonable         GALIC                    Fund or Adviser
                         expenses related to
                         administrative work
                         to correct error
--------------------------------------------------------------------------------------------------
Operations of the        All operations and         Fund, Distributor or     Fund or Adviser
Fund                     related expenses,          Adviser
                         including the cost of
                         registration and
                         qualification of
                         shares, taxes on the
                         issuance or transfer
                         of shares, cost of
                         management of the
                         business affairs of the
                         Fund, and expenses
                         paid or assumed by
                         the fund pursuant to
                         any Rule 12b-1 plan
--------------------------------------------------------------------------------------------------

                                       42
<PAGE>

--------------------------------------------------------------------------------------------------
                                                                             PARTY
                                                    PARTY RESPONSIBLE        RESPONSIBLE FOR
ITEM                     FUNCTION                   FOR COORDINATION         EXPENSE
--------------------------------------------------------------------------------------------------
Operations of the        Federal registration       GALIC                    GALIC
Account                  of units of separate
                         account (24f-2 fees)
--------------------------------------------------------------------------------------------------
</TABLE>

                                       43

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