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EXHIBIT 8(l)
AMENDMENT TO AGREEMENT
THIS AMENDMENT made as of the ___ day of June, 1998 to amend portions of the
Participation Agreement entered into by Royce Capital Fund and IL Annuity and
Insurance Company on June 13, 1997 for the purpose of adding Bankers Life
Insurance Company of New York as a party to the agreement.
1. The initial paragraph is amended to read:
THIS AGREEMENT made as of the 13th day June, 1995 by and among ROYCE
CAPITAL FUND (the "Trust"), a Delaware business trust, ROYCE & ASSOCIATES,
INC. ("Royce" or the "Adviser"), a New York corporation, IL ANNUITY AND
INSURANCE COMPANY ("XXX"), a life insurance company organized under the
laws of the State of Massachusetts, as amended the ____ day of ________,
1998 to add BANKERS LIFE INSURANCE COMPANY OF NEW YORK ("BLNY"), a life
insurance company organized under the laws of the State of New York. "The
Company" shall be used hereinafter to refer to both XXX and BLNY,
individually.
2. Article II, Section 2.1 is amended to read:
a. The first two words of the section ("the Company") are replaced by
"XXX"
b. Reference to "each Separate Account" in the section is replaced by
"the IL Annuity and Insurance Company Separate Account I ("XXX
Account")."
c. The following sentence is added to the section: BLNY represents and
warrants that it is an insurance company duly organized and in good
standing under the laws of the State of New York, and that it has
legally and validly established the Bankers Life Insurance Company
of New York Separate Account I ("BLNY Account") as a segregated
asset account under such laws.
3. Appendix B is amended to add: Bankers Life Insurance Company of New York
Separate Account I.
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IN WITNESS WHEREOF, the parties have caused their duly authorized officers
to execute this Agreement to Amend of the date and year first above written.
ROYCE CAPITAL FUND
By:
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Name:
Title:
ROYCE & ASSOCIATES, INC.
By:
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Name:
Title:
BANKERS LIFE INSURANCE COMPANY OF
NEW YORK
By:
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Name:
Title:
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