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 and November 7, 1994, is hereby amended by the addition of the
provisions set forth in this Addendum to the Organizational Agreement, which is
dated as of the 29th day of December, 1995.
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 a new series designated as the
Small Cap Series; and
WHEREAS, the Trust and Golden American desire that the Small Cap
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 Small Cap Series, together with all other 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:
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Attest
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Title Title
DIRECTED SERVICES, INC.
By:
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Attest
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Title Title
GOLDEN AMERICAN
LIFE INSURANCE COMPANY
By:
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Attest
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Title Title
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EXHIBIT B
The Series of The GCG Trust, as described in the attached Organizational
Agreement, are as follows:
Multiple Allocation Series
Fully Managed Series
Limited Maturity Bond Series
Natural Resources Series
Real Estate Series
All-Growth Series
Liquid Asset Series
Capital Appreciation Series
The Fund For Life
Emerging Markets Series
Rising Dividends Series
Market Manager Series
Value Equity Series
Strategic Equity Series
Small Cap Series
