AMENDMENT NO. 1 TO THE PARTICIPATION AGREEMENT

EXHIBIT 8(i)(ii)

AMENDMENT NO. 1 TO THE PARTICIPATION AGREEMENT

     The Participation Agreement, made as of the 13th day of June, 1997 by and among ROYCE CAPITAL FUND, a Delaware business trust, ROYCE & ASSOCIATES, LLC, a Delaware limited liability company, and INDIANAPOLIS LIFE INSURANCE COMPANY (successor in interest to IL Annuity and Insurance Company), a stock life insurance company organized under the laws of Indiana, is hereby amended effective as of June 30, 2003, as follows:

     1. All references to IL Annuity and Insurance Company are hereby changed to “Indianapolis Life Insurance Company” to reflect the statutory merger of IL Annuity and Insurance Company with and into its parent, Indianapolis Life Insurance Company.

     2. Article IX is hereby deleted in its entirety and replaced with the following Article IX:

Article IX. NOTICES

     Any notice hereunder shall be given by registered or certified mail return receipt requested to the other party at the address of such party set forth below or at such other address as such party may from time to time specify in writing to the other party.

     If to the Trust or the Adviser:

Royce Capital Fund or Royce & Associates, LLC
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxx X. Xxxxxxxxx

     If to the Company:

Indianapolis Life Insurance Company
000 Xxxxx Xxxxxx Xxxxxx
Xxxxxx, Xxxxxx 00000
Attention: Xxxxxxx X. Xxxxxx, Vice President

and

Ameritas Life Insurance Corp.
0000 X Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx Xxxxxx

     Notice shall be deemed given on the date of receipt by the addresses as evidenced by the return receipt.

     3. Appendix B shall be deleted and replaced with the attached Appendix B.

     IN WITNESS WHEREOF, the parties have caused their duly authorized officers to execute this Amendment to the Fund Participation Agreement as of June 30, 2003.

		ROYCE CAPITAL FUND
		By:		/s/ Xxxx X. Xxxxxxxxx
		Name:		Xxxx X. Xxxxxxxxx
		Title:		Vice President
		ROYCE & ASSOCIATES, LLC
		By:		/s/ Xxxx X. Xxxxxxxxx
		Name:		Xxxx X. Xxxxxxxxx
		Title:		Chief Operating Officer
		INDIANAPOLIS LIFE INSURANCE COMPANY
		By:		/s/ X. X. Xxxxxxxxxxxxx
		Name:		Xxxxx X. Xxxxxxxxxxxxx
		Title:		Secretary

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APPENDIX B

Separate Accounts		Selected Funds
ILICO Separate Account 1		Royce Micro-Cap Portfolio

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