AMENDMENT NO. 1 TO ACCOUNTING SERVICES AGREEMENT

AMENDMENT NO. 1
TO ACCOUNTING SERVICES AGREEMENT

Thrivent Financial for Lutherans and LB Series Fund, Inc. hereby agree that, effective ____, 2004, the following new series shall be deemed Portfolios under terms of the Accounting Services Agreement dated April 1, 2003, between Thrivent Financial for Lutherans and LB Series Fund, Inc.:

1. Thrivent Partner Technology Portfolio
   
   
2. Thrivent Partner Small Cap Value Portfolio
   
   
3. Thrivent Small Cap Stock Portfolio
   
   
4. Thrivent Small Cap Index Portfolio
   
   
5. Thrivent Mid Cap Stock Portfolio
   
   
6. Thrivent Mid Cap Index Portfolio
   
   
7. Thrivent Large Cap Stock Portfolio
   
   
8. Thrivent Large Cap Index Portfolio
   
   
9. Thrivent Real Estate Securities Portfolio
   
   
10. Thrivent Balanced Portfolio
    
    
11. Thrivent Partner High Yield Portfolio
    
    
12. ▇▇▇▇▇▇▇▇ ▇▇▇▇ Index Portfolio
    
    
13. Thrivent Mortgage Securities Portfolio

A revised Schedule B is attached hereto.

LB SERIES FUND, INC.

By___________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇, President

THRIVENT FINANCIAL FOR LUTHERANS

By______________________________
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, President
and Chief Executive Officer

SCHEDULE B

Portfolio                                                                Fee
---------                                                                ---
Opportunity Growth Portfolio                                          $  31,000
Small Cap Growth Portfolio                                            $  14,000
Mid Cap Select Growth Portfolio                                       $  14,000
Mid Cap Growth Portfolio                                              $  45,000
World Growth Portfolio                                                $  43,000
All Cap Portfolio                                                     $  19,000
Growth Portfolio                                                      $ 195,000
Investors Growth Portfolio                                            $  18,000
Growth Stock Portfolio                                                $  16,000
Value Portfolio                                                       $  25,000
High Yield Portfolio                                                  $  88,000
Income Portfolio                                                      $ 103,000
Limited Maturity Bond Portfolio                                       $  28,000
Money Market Portfolio                                                $  39,000
Technology Stock Portfolio                                            $  14,000
Small Cap Value Portfolio                                             $  13,000
Small Cap Stock Portfolio                                             $  22,000
Small Cap Index Portfolio                                             $  38,000
Mid Cap Stock Portfolio                                               $  16,000
Mid Cap Index Portfolio                                               $  19,000
Capital Growth Portfolio                                              $  27,000
Large Company Index Portfolio                                         $  64,000
Real Estate Securities Portfolio                                      $  14,000
Balanced Portfolio                                                    $  65,000
High Yield Bond Portfolio                                             $  27,000
Bond Index Portfolio                                                  $  31,000
Mortgage Securities Portfolio                                         $  14,000