EXHIBIT 3F
February __, 2000
Dear American Legacy Selling Group Member:
This letter amends your Selling Group Agreement with American Funds
Distributors, Inc. ("AFD") and The Lincoln National Life Insurance Company
("Lincoln Life") to add two additional breakpoints to the compensation schedule
for sales of American Legacy Shareholder's Advantage.
Effective for sales made on or after February 22, 2000, the following
compensation will be paid on American Legacy Shareholder's Advantage sales:
Commission as Sales Charge as
Percentage of Percentage of
Gross Gross
Contract Owner's Investment* Purchase Payment Purchase Payment
---------------------------- ----------------- -----------------
Less than $25,000 5.00% 5.75%
$25,000 but less than $50,000 4.25% 5.00%
$50,000 but less than $100,000 3.75% 4.50%
$100,000 but less than $250,000 2.75% 3.50%
$250,000 but less than $500,000 2.00% 2.50%
$500,000 but less than $750,000 1.60% 2.00%
$750,000 but less than $1,000,000 1.20% 1.50%
$1,000,000 or more 1.00% 1.00%
*As defined under "Charges and Other Deductions" in the American Legacy
Shareholder's Advantage prospectus. Includes the value of other American Legacy
contracts and eligible mutual funds of The American Funds Group.
The .25% annual service fee and the compensation paid upon annuitization as
described in our September 20, 1999 amendment letter remain unchanged.
As in the past, any order received by us following this notification shall
be deemed an acceptance of this amendment to your Selling Group Agreement.
Very truly yours,
Xxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxxx
President Vice President
American Funds Distributors, Inc. The Lincoln National Life Insurance Company
