AMENDMENT TO PARTICIPATION AGREEMENT DATED AS OF SEPTEMBER 3, 1993 (as amended and supplemented from time to time)

                      AMENDMENT TO PARTICIPATION AGREEMENT
                         DATED AS OF SEPTEMBER 3, 1993
                (as amended and supplemented from time to time)

                                    BETWEEN

                     ▇▇▇▇▇▇▇ VARIABLE LIFE INVESTMENT FUND

                                      AND

                    CHARTER NATIONAL LIFE INSURANCE COMPANY


The  parties  hereto  agree  that  the  Participation  Agreement  is  amended as
described  below.  Except  as  amended,  the Agreement shall remain in effect in
accordance  with  its  terms.

The  following  provision is added as the fourth sub-paragraph of Paragraph 4 of
the  Participation  Agreement:

     "The  Fund shall furnish, on or before the ex-dividend date, notice as soon
as  reasonably  practicable  to  the  Company of any income dividends or capital
gains  distributions  payable on a Portfolio's shares. The Company hereby elects
to  receive  all  such  dividends  and  distributions  as  are  payable  on  the
Portfolio's  shares in additional shares of that Portfolio. The Company reserves
the  right  to revoke this election and thereafter to receive all such dividends
and  distributions  in  cash. The Fund shall notify the Company of the number of
shares  so  issued  as  payment  of  such  dividends  and  distributions."

The  following provision is added as the last sentence of the third subparagraph
of  Paragraph  4  of  the  Participation  Agreement:

     Any  material  error in the calculation or reporting of net asset value per
share,  dividend  or  capital  gains information shall be reported promptly upon
discovery  to the Company. An error in the calculation of net asset value by the
Fund  shall  be  corrected  in accordance with the procedures for correcting net
asset  value errors as are adopted by the Fund's Board of Trustees and in effect
at  the  time  of  error.



IN WITNESS WHEREOF, each of the parties has caused this Amendment to be executed
in  its  name  and  on  its  behalf  by its duly authorized representative as of
December  1,  2000.




COMPANY                                 Charter national Life Insurance Company

                                        By:/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
                                        -----------------------
                                        ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
                                        Title: VP, Secretary and General Counsel



FUND                                    ▇▇▇▇▇▇▇ Variable Life Investment Fund

                                        By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
                                        -------------------------
                                        ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
                                        Title: President


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