EXHIBIT(h)(41)(b)
AMENDMENT NO. 1 TO PARTICIPATION AGREEMENT
Among
▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds,
OppenheimerFunds, Inc.
and
American General Life Insurance Company
The participation agreement, dated as of December 1, 1999, by and among
▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds, OppenheimerFunds, Inc. and American General
Life Insurance Company (the "Agreement") is hereby amended as follows:
1. Schedules 2 and 3 of the Agreement are hereby deleted in their
entirety and replaced with the Schedules 2 and 3 attached hereto,
respectively.
All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
Effective Date as of May 1, 2003.
▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds
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By:
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Name:
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Title:
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OppenheimerFunds, Inc.
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By:
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Name:
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Title:
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American General Life Insurance Company
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By:
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Name:
-----------------------------------
Title:
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SCHEDULE 2
Portfolio of ▇▇▇▇▇▇▇▇▇▇▇ Variable Account Funds
▇▇▇▇▇▇▇▇▇▇▇ High Income Fund/VA - Initial Class
▇▇▇▇▇▇▇▇▇▇▇ Multiple Strategies Fund/VA - Initial Class
▇▇▇▇▇▇▇▇▇▇▇ Global Securities Fund/VA - Initial Class
2
SCHEDULE 3
The One VUL Solution(sm) Variable Life Insurance
Policy Form No. 99615
AG Legacy Plus Variable Life Insurance
Policy Form No. 99616
AGL Platinum Investor II Variable Life Insurance
Policy Form No. 97610
AGL Platinum Investor III Variable Life Insurance
Policy Form No. 00600
AGL Platinum Investor Survivor Variable Life Insurance
Policy Form No. 99206
AGL Platinum Investor Survivor II Variable Life Insurance
Policy Form No. 01206
AGL Platinum Investor PLUS Variable Life Insurance
Policy Form No. 02600
3