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EXHIBIT 8(b)(3)
AMENDMENT 1
AMENDMENT 1 made as of November 1, 1999, to that certain Agreement dated as of
the 1st day of July, 1997 by and between Dreyfus, a New York Corporation, and
The Variable Annuity Life Insurance Company ("Client") a Texas corporation.
Capitalized terms used but not defined in this Amendment shall have the meanings
assigned to them in the Agreement unless the context requires otherwise.
WHEREAS, Dreyfus and Client desire to amend the Agreement to reflect a higher
annual fee rate for the Administrative Services performed by Client under the
Agreement;
NOW, THEREFORE, Dreyfus and Client hereby agree to amend the Agreement by
replacing paragraph 7 thereof in its entirety with the following revised
paragraph 7:
7. In consideration of the performance of the Administrative Services
by Client, Dreyfus agrees to pay client a monthly fee at an annual rate
of _____ of the value of each Fund's average daily net assets deposited
and maintained in the Master Account for Client Customers. Payment
shall be made within 30 days following the end of each month.
EXECUTED, on the date or dates set forth below to be effective as of the date
first above written.
VARIABLE ANNUITY LIFE INSURANCE COMPANY
By: /s/ XXXXXX X. XXXXXX
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Name: Xxxxxx X. Xxxxxx
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Its: Executive Vice President - AGRS
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Date: January 6, 2000
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THE DREYFUS CORPORATION
By: /s/ XXXXXXX X. XXXXXXX
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Name: Xxxxxxx X. Xxxxxxx
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Its: Controller
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Date: December 17, 1999
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