AMENDMENT NO. 2 TO FUND PARTICIPATION AGREEMENT

EXHIBIT 8 (e)(iv)

AMENDMENT NO. 2 TO FUND PARTICIPATION AGREEMENT

     The Fund Participation Agreement, made as of the 1st day of August, 1999 by and among XXXXXXXXX XXXXXX ADVISERS MANAGEMENT TRUST (“TRUST”), a Delaware business trust, ADVISERS MANAGERS TRUST (terminated May 1, 2000), XXXXXXXXX XXXXXX MANAGEMENT INC. (“NB MANAGEMENT”), a New York corporation, and IL ANNUITY AND INSURANCE COMPANY (“LIFE COMPANY”) (predecessor in interest to Indianapolis Life Insurance Company), a stock life insurance company organized under the laws of Indiana, is hereby amended effective as of June 30, 2003, as follows:

     1. All references to IL Annuity and Insurance Company are hereby changed to “Indianapolis Life Insurance Company” to reflect the statutory merger of IL Annuity and Insurance Company with and into its parent, Indianapolis Life Insurance Company.

     2. Article IX is hereby deleted in its entirety and replaced with the following Article IX:

Article IX.

NOTICES

Any notice hereunder shall be given by registered or certified mail return receipt requested to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

If to TRUST or NB MANAGEMENT
Xxxxxxxxx Xxxxxx Management Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Attention: Xxxxx Xxxxxxxxx

If to LIFE COMPANY:
Indianapolis Life Insurance Company
000 Xxxxx Xxxxxx Xxxxxx
Xxxxxx, Xxxxxx 00000
Attention: Xxxxxxx X. Xxxxxx, Vice President

and

Ameritas Life Insurance Corp.
0000 X Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx Xxxxxx

Notice shall be deemed given on the date of receipt by the addressee as evidenced by the return receipt.

     3. Appendix B shall be deleted and replaced with the attached Appendix B.

     IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment to the Fund Participation Agreement as of June 30, 2003.

XXXXXXXXX XXXXXX ADVISERS MANAGEMENT TRUST

XXXXXXXXX XXXXXX MANAGEMENT INC.

By:

/s/ Xxxxx X. Xxxxxxx

By:

/s/ Xxxxx X. Xxxxxxx

Name:

Xxxxx X. Xxxxxxx

Name:

Xxxxx X. Xxxxxxx

Title:

Chairman and CEO

Title:

President

INDIANAPOLIS LIFE INSURANCE COMPANY

By:

/s/ Xxxxx X. Xxxxxxxxxxxxx

Name:

Xxxxx X. Xxxxxxxxxxxxx

Title:

Secretary

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Appendix B

Separate Accounts		Selected Portfolios
ILICO Separate Account 1		Mid-Cap Growth Portfolio Socially Responsive Portfolio

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