ADDENDUM TO ORGANIZATIONAL AGREEMENT
The Organizational Agreement, made the 28th day of December, 1988 among The GCG
Trust (the "Trust"), Directed Services, Inc. ("DSI"), and Golden American Life
Insurance Company ("Golden American") (the "Organizational Agreement"), as
amended by the Assignment Agreement to the Organizational Agreement dated March
20, 1991 and Addenda to the Organizational Agreement dated October 1, 1993,
November 7, 1994, December 29, 1995, March 4, 1997, August 19, 1997, February
16, 1999, June 15, 1999, February 17, 2000, May 18, 2000 and of November 16,
2000 is hereby amended by the addition of the provisions set forth in this
Addendum to the Organizational Agreement, which is dated as of the 22nd day of
February 2001.
WITNESSETH:
WHEREAS, the Trust is authorized to issue separate series, each of which
will offer a separate class of shares of beneficial interest, each series having
its own investment objective or objectives, policies, or limitations;
WHEREAS, the Trust currently offers shares in multiple series, may offer
shares of additional series in the future, and intends to offer shares of
additional series in the future;
WHEREAS, the Trust has established one new series designated as the
Internet Tollkeeper Series; and
WHEREAS, the Trust and Golden American desire that the Internet Tollkeeper
Series be sold to the separate accounts of Golden American to fund benefits
under variable life insurance policies and variable annuity contracts issued by
Golden American;
NOW THEREFORE, in consideration of the mutual promises and covenants
contained in this Addendum, it is agreed between the parties hereto as follows:
1. The Internet Tollkeeper Series listed on Exhibit B to the
Organizational Agreement, shall be series under the Organizational
Agreement.
2. Exhibit B to the Organizational Agreement shall be replaced with a new
Exhibit B, a copy of which is attached hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be
executed as of the date indicated above.
THE GCG TRUST
By:__________________________
Title:__________________________
DIRECTED SERVICES, INC.
By:__________________________
Title:__________________________
GOLDEN AMERICAN
LIFE INSURANCE COMPANY
By:__________________________
Title:__________________________
EXHIBIT B
The Series of The GCG Trust, as described in the attached
Organizational Agreement, are as follows:
Equity Income Series (formerly, Multiple Allocation Series)
Fully Managed Series
Limited Maturity Bond Series
Hard Assets Series
Real Estate Series
Liquid Asset Series
Capital Appreciation Series
Rising Dividends Series
Emerging Markets Series
Market Manager Series
Value Equity Series
Strategic Equity Series
Small Cap Series
Mid-Cap Growth Series
Total Return Series
Research Series
Capital Growth Series (formerly, Growth & Income Series)
Growth Series (formerly, Value + Growth Series)
Core Bond Fund (formerly, Global Fixed Income Series)
Developing World Series
Investors Series
All Cap Series
Large Cap Value Series
Managed Global Series
Diversified Mid-Cap Series
Asset Allocation Growth Series
Special Situations Series
Growth and Income Series
International Equity Series
Internet Tollkeeper Series
