Exhibit (h)(4)(d)

AMENDMENT NO. 38 TO

PARTICIPATION AGREEMENT

BETWEEN

TRANSAMERICA SERIES TRUST AND

WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO

Amendment No. 38 to the Participation Agreement (“Agreement”), dated February 27, 1991, as amended, between Transamerica Series Trust (the “Fund”) and Western Reserve Life Assurance Co. of Ohio (the “Company”).

1.     Schedule B of the Agreement is deleted in its entirety and replaced with the following

    Amended Schedule B:

AMENDED SCHEDULE B

Effective September 17, 2012

Account(s), Policy(ies) and Portfolio(s)

Subject to the Participation Agreement

Accounts:
	WRL Series Life Account
	WRL Series Annuity Account
	WRL Series Annuity Account B
	Separate Account VA U
	Separate Account VA V
	WRL Series Life Account G
	Separate Account VA AA
Policies:
	The Equity Protector
	Janus Annuity Variable Annuity
	WRL Freedom Equity Protector
	WRL Freedom SP Plus
	WRL Freedom Variable Annuity
	WRL Freedom AttainerVariable Annuity
	WRL Freedom Bellwether Variable Annuity
	WRL Freedom Conqueror Variable Annuity
	WRL Freedom Wealth Protector
	WRL Freedom Wealth CreatorVariable Annuity
	WRL Financial Freedom Builder
	WRL Freedom Elite
	WRL Freedom Premier Variable Annuity
	WRL Freedom AccessVariable Annuity
	WRL Freedom Enhancer Variable Annuity
	WRL Freedom Elite Builder and Associate Freedom Elite Builder
	WRL Freedom Elite Advisor
	WRL Freedom Premier® II
	WRL Freedom Access® II
	WRL Freedom Enhancer® II
	WRL Freedom Premier III Variable Annuity
	WRL Xcelerator, Xcelerator Focus, Xcelerator Exec

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Policies (continued):
	WRL Freedom Elite Builder II
	WRL ForLife
	WRL Benefactor
	WRL Freedom Asset Advisor
	WRL Evolution
	WRL Freedom Asset Advisor
	Flexible Premium Variable Annuity—F, under marketing name “WRL Freedom Multiple”
	Flexible Premium Variable Annuity—M, under marketing name “WRL Freedom Advisor”
Portfolios:	Transamerica Series Trust—each Portfolio has an Initial Class and a Service Class of Shares, except as noted.
	Transamerica AEGON Active Asset Allocation—Conservative VP
	Transamerica AEGON Active Asset Allocation—Moderate Growth VP
	Transamerica AEGON Active Asset Allocation—Moderate VP
	Transamerica AEGON High Yield Bond VP
	Transamerica AEGON Money Market VP
	Transamerica AEGON U.S. Government Securities VP
	Transamerica AllianceBernstein Dynamic Allocation VP
	Transamerica Asset Allocation—Conservative VP
	Transamerica Asset Allocation—Growth VP
	Transamerica Asset Allocation—Moderate VP
	Transamerica Asset Allocation—Moderate Growth VP
	Transamerica BlackRock Global Allocation VP
	Transamerica BlackRock Large Cap Value VP
	Transamerica BlackRock Tactical Allocation VP
	Transamerica Clarion Global Real Estate Securities VP
	Transamerica Efficient Markets VP
	Transamerica Hanlon Income VP
	Transamerica Index 35 VP
	Transamerica Index 50 VP
	Transamerica Index 75 VP
	Transamerica Index 100 VP
	Transamerica International Moderate Growth VP
	Transamerica Janus Balanced VP
	Transamerica Jennison Growth VP
	Transamerica JPMorgan Core Bond VP
	Transamerica JPMorgan Enhanced Index VP
	Transamerica JPMorgan Mid Cap Value VP
	Transamerica JPMorgan Tactical Allocation VP
	Transamerica Legg Mason Dynamic Allocation—Balanced VP (Currently not offering Initial Class Shares)
	Transamerica Legg Mason Dynamic Allocation—Growth VP (Currently not offering Initial Class Shares)
	Transamerica Market Participation Strategy VP (Currently not offering Initial Class Shares)

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Portfolios (continued):
	Transamerica MFS International Equity VP
	Transamerica Morgan Stanley Capital Growth VP
	Transamerica Morgan Stanley Mid-Cap Growth VP
	Transamerica Multi-Managed Balanced VP
	Transamerica Multi-Managed Large Cap Core VP
	Transamerica PIMCO Tactical—Balanced VP (Currently not offering Initial Class Shares)
	Transamerica PIMCO Tactical—Conservative VP (Currently not offering Initial Class Shares)
	Transamerica PIMCO Tactical—Growth VP (Currently not offering Initial Class Shares)
	Transamerica PIMCO Total Return VP
	Transamerica ProFund UltraBear VP (Currently not offering Initial Class Shares)
	Transamerica Systematic Small/Mid Cap Value VP
	Transamerica T. Rowe Price Small Cap VP
	Transamerica Third Avenue Value VP
	Transamerica WMC Diversified Growth VP

4. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

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.

TRANSAMERICA SERIES TRUST		WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO
By its authorized officer,		By its authorized officer,
By:	/s/ Christopher A. Staples	By:	/s/ Steven R. Shepard
	Christopher A. Staples		Steven R. Shepard
Title:	Vice President	Title:	Vice President

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