EXHIBIT (h)(4)(B)
AMENDMENT TO THE PARTICIPATION AGREEMENT
BY AND AMONG LINCOLN BENEFIT LIFE COMPANY,
LSA VARIABLE SERIES TRUST AND LSA ASSET MANAGEMENT LLC
This Amendment to the Participation Agreement is dated as of May 30, 2001, and
amends the Participation Agreement (the "Participation Agreement") dated as of
October 1, 1999, made by and among Lincoln Benefit Life Company (the "Company"),
LSA Variable Series Trust, a Delaware business trust (the "Trust") and LSA Asset
Management LLC, a Delaware limited liability company (the "Manager").
WHEREAS, the Trust's Board of Trustees has approved entering into the
Participation Agreement with the Company on behalf of the Funds of the Trust;
and
WHEREAS, the Trust's Board of Trustees has approved adding six additional series
to the Trust, to be designated the Aggressive Growth Fund, Diversified Mid-Cap
Fund, Capital Appreciation Fund, Basic Value Fund, Mid Cap Value Fund and Blue
Chip Fund (the "New Funds");
NOW, THEREFORE, the Participation Agreement is hereby amended, effective as of
May 30, 2001, to read as set forth in Exhibit A to this Amendment.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and
delivered in their names and on their behalf as of the day and year first above
written.
LINCOLN BENEFIT LIFE COMPANY LSA VARIABLE SERIES TRUST
By:___________________ By:______________________
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Name Name
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Title Title
LSA ASSET MANAGEMENT LLC
By:___________________
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Name
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Title
EXHIBIT A
Schedule 1, as revised on May 30, 2001
Separate Accounts
LBL Advantage Variable Annuity
Schedule 2, as revised on May 30, 2001
Pursuant to Article I, Section 1.3, the following are the Portfolios of LSA
Variable Series Trust:
Focused Equity Fund
Growth Equity Fund
Disciplined Equity Fund
Value Equity Fund
Balanced Fund
Emerging Growth Domestic Equity Fund
Aggressive Growth Fund
Capital Appreciation Fund
Diversified Mid-Cap Fund
Mid Cap Value Fund
Basic Value Fund
Blue Chip Fund
