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EXHIBIT 3(B)(XXV)
AMENDMENT NO. 1 TO SHAREHOLDER SERVICES AGREEMENT
THIS AMENDMENT NO. 1 TO SHAREHOLDER SERVICES AGREEMENT is made as of the
____ day of ___________, 2000, by and among AMERICAN GENERAL LIFE INSURANCE
COMPANY (the "Company") and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.
("ACIM"). Capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Agreement (defined below).
RECITALS
WHEREAS, the Company, ACVP and ACIM are parties to a certain Shareholder
Services Agreement dated February 1, 2000 (the "Agreement") in connection with
the participation by the Funds (as defined in the Agreement) in individual and
group annuity variable life insurance contracts to be issued through one or more
separate accounts established by the Company under state law;
WHEREAS, the parties desire to expand the number of separate accounts of the
Company through which the Company may make available certain of the funds under
contracts offered by the Company; and
WHEREAS, the parties now desire to modify the Agreement as provided herein.
NOW, THEREFORE, in consideration of the mutual promises set forth herein,
the parties hereto agree as follows:
1. Section 7(a)(ii) is hereby deleted in its entirety and replaced with the
following:
"(ii) it has established Separate Accounts VL-R and D (the
"Accounts"), each of which is a duly authorized and established separate
account under Texas Insurance Law, and has registered each Account as a
unit investment trust under the Investment Company Act of 1940 (the
"1940 Act") to serve as an investment vehicle for the Contracts;"
2. In the event of a conflict between the terms of this Amendment No. 1 and
the Agreement, it is the intention of the parties that the terms of this
Amendment No. 1 shall control and the Agreement shall be interpreted on that
basis. To the extent the provisions of the Agreement have not been amended by
this Amendment No. 1, the parties hereby confirm and ratify the Agreement.
3. This Amendment No. 1 may be executed in two or more counterparts, each
of which shall be an original and all of which together shall constitute one
instrument.
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4. Except as expressly supplemented, amended or consented to hereby, all of
the representations, warranties, terms, covenants and conditions of the
Agreement shall remain unamended and shall continue to be in full force and
effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 as of
the date first above written.
AMERICAN GENERAL LIFE AMERICAN CENTURY INVESTMENT
INSURANCE COMPANY MANAGEMENT, INC.
By: ___________________________ By: ___________________________
Name: ___________________________ Name: ___________________________
Title: ___________________________ Title: ___________________________
