Form N-Q
                         Explanatory Note

This Amendment No. 1 to the registrant's Quarterly Schedule of Portfolio
Holdings report on Form N-Q for the period ended September 30, 2007 is
being filed solely for the purpose of attaching the Certifications
pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the
Sarbanes-Oxley Act of 2002 as exhibits to this report, as required by
Item 3 of this report. This Amendment No. 1 does not affect Item 1
(Schedule of Investments) or Item 2 (Controls and Procedures) as
originally filed in the Quarterly Schedule of Portfolio Holdings report
on Form N-Q on November 16, 2007.

ITEM 3. EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section
302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the Registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.

(Registrant) Continental Assurance Company Separate Account (B)


By: /S/ Lynne Gugenheim
   ----------------------------------------------
   Lynne Gugenheim
   Secretary

Date     July 15, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by
the following persons on behalf of the Registrant and in the capacities
and on the dates indicated.

Continental Assurance Company Separate Account (B)

By: /S/ Lynne Gugenheim
   ----------------------------------------------
   Lynne Gugenheim
   Secretary (Principal Executive Officer)

Date     July 15, 2008

Continental Assurance Company

By: /S/ D. Craig Mense
   ----------------------------------------------
   D. Craig Mense
   Executive Vice President and Chief Financial Officer
   (Principal Financial and Accounting Officer)

Date     July 15, 2008