FORM OF AMENDMENT TO THE MUTUAL FUND CUSTODY AGREEMENT

                                    FORM OF
                                AMENDMENT TO THE
                          MUTUAL FUND CUSTODY AGREEMENT

      AMENDMENT made as of the 5th day of February, 2003, between The Victory
Variable Insurance Funds (the "Trust"), a Delaware statutory trust, having its
principal place of business at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, on
behalf of its Funds, and Key Trust of Ohio, N. A., a bank chartered under the
laws of the United States, having its principal office at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (the "Custodian") to the Mutual Fund Custody
Agreement dated October 16, 1998 (as amended and in effect on the date hereof,
the "Agreement").

      WHEREAS, under the Agreement, the Custodian is designated as the Trust's
custodian and performs the mutual fund custody services for the Trust that are
enumerated in the Agreement or one or more Attachments thereto;

      WHEREAS, Section 3(a) of the Agreement defines the term "Authorized
Person" as "the Trust's President, Vice-President, Treasurer and any other
person, whether or not any such person is an officer or employee of the Trust,
duly authorized by Trustees of the Trust to give Proper Instructions on behalf
of the Trust and the Funds;"

      WHEREAS, the Trust and the Custodian desire to amend Section 3(a) of the
Agreement in order to permit any Authorized Person to appoint other appropriate
Authorized Persons;

      WHEREAS, except for the term "Authorized Persons," capitalized terms not
defined in this Amendment are used as defined in the Agreement;

      NOW, THEREFORE, in consideration of the covenants contained in this
Amendment, the Trust and the Custodian hereby amend Section 3(a) of the
Agreement to read as follows:

            "Authorized Person." As used in this Agreement, the term "Authorized
      Person" means the Trust's President, Vice-President, Treasurer and any
      other individual, whether or not such individual is an officer or employee
      of the Trust, duly authorized by the Trustees of the Trust to give Proper
      Instructions on behalf of the Trust and the Funds listed on Attachment A,
      which may be amended from time to time, or any individual who has been
      appointed to give Proper Instructions by an Authorized Person who has been
      duly authorized by the Trustees of the Trust to make such appointments.

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed all as of the day and year first above written.

THE VICTORY VARIABLE INSURANCE               KEY TRUST OF OHIO, N.A.
   FUNDS, on behalf of the Funds,
   individually and not jointly


By: __________________________               By: ___________________________
    ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇                         Name: _____________________
    President                                  Title: ______________________