Exhibit 8
May 21, 2003
Xx. Xxxxxxxx XxXxxxxxxx
Assistant General Counsel
The Dreyfus Corporation 000
Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Amendment to Participation Agreement and Schedules
Dear Xx. XxXxxxxxxx:
Effective June 2, 2003, this letter serves to amend our participation
agreement dated May 1, 1999, as amended from time to time, with Dreyfus Variable
Investment Fund and The Dreyfus Corporation (the "Agreement").
The parties to the Agreement desire to add Dreyfus Investment
Portfolios, a Massachusetts business trust, as a party to the Agreement and
Dreyfus Investment Portfolios desires to be made part of the Agreement.
In consideration of the mutual promises contained herein:
(1) Dreyfus Investment Portfolios is hereby added as a party to
the Agreement.
(2) The third "Whereas" provision is hereby deleted and replaced
in its entirety with the following:
"WHEREAS, the Dreyfus Variable Investment Fund has
obtained an order from the Securities and Exchange
Commission dated December 31, 1997 (File No. 812-10606)
and the Dreyfus Investment Portfolios has obtained an
order from the Securities and Exchange Commission dated
February 5, 1998 (File No. 812-10604), granting
Participating Insurance Companies and variable annuity and
variable life insurance separate accounts exemptions from
the provisions of sections 9(a), 13(a), 15(a), and 15(b)
of the Investment Company Act of 1940, as amended,
(hereinafter the "1940 Act") and Rules 6e-2(b)(15) and
6e-3(T)(b)(15) thereunder, to the extent necessary to
permit shares of the Funds to be sold to and held by
variable annuity and variable life insurance separate
accounts of life insurance companies that may or may not
be affiliated with one another and qualified pension and
retirement plans ("Qualified Plans")(hereinafter, as
applicable, "Mixed and Shared Funding Exemptive Order");
and"
(3) Dreyfus Investment Portfolios is hereby added as a "Fund"
under the Agreement. All references to the "Fund" in the
Agreement are modified to refer to each and any Fund. All
duties, obligations, representations and warranties
concerning the Funds under the Agreement shall be understood
to solely apply to the applicable Fund.
(4) Termination by only one Fund, or by the other parties to the
Agreement with respect to any one Fund, pursuant to the terms
of Article X of the Agreement shall not terminate the
Agreement as between the parties and the other Fund.
The parties to the Agreement also wish to amend Schedule B of the
Agreement. The amended Schedule B attached hereto reflects additional Designated
Portfolios available under the Schwab Select Annuity and Schwab Signature
Annuity. Amended Schedule B shall replace in its entirety the existing Schedule
B.
The Agreement and Schedules otherwise remain unchanged and shall
continue in full force and effect.
In the space provided below, please acknowledge your agreement to the
foregoing.
Very truly yours,
Great-West Life & Annuity Insurance Company
By: _________________________________
Xxxxx X. Xxxxxxx
Vice President, Financial Institution Markets
Xxxxxxx Xxxxxx & Co., Inc.
By: _________________________________
Xxxx X. Xxxxxxx
Vice President, Partner Relations
ACKNOWLEDGED AND AGREED TO:
Dreyfus Variable Investment Fund
By: __________________________
Title: _________________________
Date: _________________________
The Dreyfus Corporation
By: __________________________
Title: _________________________
Date: _________________________
Dreyfus Investment Portfolios
By: __________________________
Title: _________________________
Date: _________________________
cc: X. Xxxxx, Esq.
Great-West Life & Annuity Insurance Company
X. Xxxxx, Esq. E. O'Xxxxxxx
Xxxxxxx Xxxxxx & Co., Inc.
SCHEDULE B
Designated Portfolios
[Schwab Select Annuity]
Dreyfus Variable Investment Fund Appreciation Portfolio - Initial Shares Dreyfus
Variable Investment Fund Growth & Income Portfolio - Initial Shares Dreyfus
Variable Investment Fund Developing Leaders Portfolio - Initial Shares Dreyfus
Variable Investment Portfolios MidCap Stock Portfolio - Initial Shares
[Schwab Signature Annuity]
Dreyfus Variable Investment Fund Growth & Income Portfolio - Initial Shares
Dreyfus Variable Investment Fund Developing Leaders Portfolio - Initial Shares
Dreyfus Variable Investment Portfolios MidCap Stock Portfolio - Initial Shares
