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 and December 29, 1995, is hereby amended by the addition of the
provisions set forth in this Addendum to the Organizational Agreement, which is
dated as of the 4th day of March, 1997.
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 Mid-Cap Growth
Series; and
WHEREAS, the Trust and Golden American desire that the Mid-Cap Growth 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 Mid-Cap Growth 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:__________________________
Attest
___________________________ ______________________________
Title Title
DIRECTED SERVICES, INC.
___________________________ By:__________________________
Attest
___________________________ ______________________________
Title Title
GOLDEN AMERICAN
LIFE INSURANCE COMPANY
___________________________ By:__________________________
Attest
___________________________ _______________________________
Title Title
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 Series
Emerging Markets Series
Rising Dividends Series
Market Manager Series
Value Equity Series
Strategic Equity Series
Small Cap Series
Managed Global Series
Mid-Cap Growth Series
