Contract

Exhibit 27-(h)(11)(c): Addendum dated as of May 1, 2000 to Participation Agreement by and among ReliaStar Life Insurance Company, Xxxxxxxxx Xxxxxx Advisers Management Trust, Advisers Managers Trust and Xxxxxxxxx Xxxxxx Management Inc.
ADDENDUM TO FUND PARTICIPATION AGREEMENT
This ADDENDUM dated as of May 1, 2000 amends the Fund Participation Agreement among ReliaStar Life Insurance Company ("Company), Xxxxxxxxx Xxxxxx Advisers Management Trust ("Trust"), Advisers Manages Trust ("Managers Trust"), and Xxxxxxxxx Xxxxxx Management Inc. ("NBMI").
WHEREAS, the Company, Trust, Managers Trust, and NBMI are parties to a Fund Participation Agreement ("Agreement") pursuant to which separate accounts of the Company invest proceeds from variable annuity and/or variable life insurance policies in the one or more portfolios of the Trust ("Portfolios"); and
WHEREAS, the Trust, through the Portfolios, currently invests all of its net investable assets in corresponding series of Managers Trust in a "master-feeder" structure; and
WHEREAS, the Boards of Trustees of the Trust and Managers Trust have approved a transaction to eliminate the current master-feeder structure in which Trust will receive the portfolio securities held by Managers Trust in redemption of the interests of Managers Trust held by the Trust (this transaction is referred to as the "In-Kind Redemption"); and
WHEREAS, the In-Kind Redemption is currently scheduled to be effected on or about May 1, 2000 (the date on which the In-Kind Redemption is effected is referred to as the "Effective Date"); and
WHEREAS, upon completion of the In-Kind Redemption, the Trust will hold and invest directly in its own portfolio of securities and Managers Trust will cease investment operations and be dissolved; and
WHEREAS, the parties wish to amend the Agreement to reflect the In-Kind Redemption and the elimination of the master-feeder structure.
	NOW, THEREFORE, effective on the Effective Date, the Trust assumes all of the rights, obligations, and liabilities of Managers Trust under the Agreement.
The undersigned hereby consents to the assignment described in the preceding paragraph.
RELIASTAR LIFE INSURANCE COMPANY		ADVISERS MANAGERS TRUST
By: /s/ Xxxx Xxxxxxx		By: /s/ Xxxxx Sondman
Name: Xxxx Xxxxxxx		Name: Xxxxx Sondman
Title: Vice President		Title: President

XXXXXXXXX XXXXXX ADVISERS MANAGEMENT TRUST	XXXXXXXXX XXXXXX MANAGEMENT INC.
By: /s/ Xxxxx Sondman	By: /s/ Xxxxxx Xxxxxxxx
Name: Xxxxx Sondman	Name: Xxx Xxxxxxxx
Title: President	Title: Senior Vice President

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