ADDENDUM TO ORGANIZATIONAL AGREEMENT
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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, December 29, 1995, March 4, 1997, August 19,
1997, February 16, 1999, June 15, 1999, February 17, 2000, May 18, 2000,
February 22, 2001 and December 14, 2001, is hereby amended by the addition of
the provisions set forth in this Addendum to the Organizational Agreement, which
is dated as of the 26th day of February, 2002.
WITNESSETH:
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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 six new series designated as the
Fundamental Growth Focus Series; Focus Value Series; Global Franchise Series;
Equity Growth Series; X.X. Xxxxxx Xxxxxxx Small Cap Equity Series; the
International Enhanced EAFE Series; and redesignated the Small Cap Series as the
Capital Guardian Small Cap Series; and
WHEREAS, the Trust and Golden American desire that the six new series
designated as the Fundamental Growth Focus Series; Focus Value Series; Global
Franchise Series; Equity Growth Series; X.X. Xxxxxx Xxxxxxx Small Cap Equity
Series; the International Enhanced EAFE Series; and the redesignated Capital
Guardian Small Cap 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 six new series designated as the Fundamental Growth Focus Series;
Focus Value Series; Global Franchise Series; Equity Growth Series; X.X.
Xxxxxx Xxxxxxx Small Cap Equity Series; the International Enhanced EAFE
Series; and the redesignated Capital Guardian Small Cap Series, together
will all other Series listed on Exhibit B to the Organizational Agreement,
shall be series under the Organizational Agreement effective as of May 1,
2002.
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:__________________________
Title:_______________________
DIRECTED SERVICES, INC.
By:__________________________
Title:_______________________
GOLDEN AMERICAN
LIFE INSURANCE COMPANY
By:__________________________
Title:_______________________
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EXHIBIT B
The Series of The GCG Trust, as described in the attached Organizational
Agreement, are as follows:
Equity Income Series (formerly, Multiple Allocation Series)
Fully Managed Series
Limited Maturity Bond Series
Hard Assets Series
Real Estate Series
Liquid Asset Series
Capital Appreciation Series
Xxx Xxxxxx Growth and Income Series (formerly,
Rising Dividends Series)
Value Equity Series
Strategic Equity Series
Capital Guardian Small Cap Series (formerly, Small Cap Series)
Mid-Cap Growth Series
Total Return Series
Research Series
Capital Growth Series (formerly, Growth & Income Series)
Growth Series (formerly, Value + Growth Series)
Core Bond Series (formerly, Global Fixed Income Series)
Developing World Series
International Equity Series
Investors Series
Diversified Mid-Cap Series
Asset Allocation Growth Series
Special Situations Series
Janus Growth and Income Series (formerly, Growth and Income Series)
Internet TollkeeperSM Series
High Yield Series
Managed Global Series
All Cap Series
Large Cap Value Series
Fundamental Growth Focus Series
Focus Value Series
Global Franchise Series
Equity Growth Series
X.X. Xxxxxx Xxxxxxx Small Cap Equity Series
International Enhanced EAFE Series
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