EXHIBIT (8)(a)(7)

AMENDMENT NO. 34 TO PARTICIPATION AGREEMENT

(AEGON/TRANSAMERICA SERIES TRUST)

AMENDMENT NO. 34 TO

PARTICIPATION AGREEMENT AMONG

AEGON/TRANSAMERICA SERIES TRUST,

TRANSAMERICA LIFE INSURANCE COMPANY,

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY,

PEOPLES BENEFIT LIFE INSURANCE COMPANY, AND

TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY

The Participation Agreement, dated July 1, 1992, as amended (“Agreement”) among AEGON/Transamerica Series Trust (the "Fund"), Transamerica Life Insurance Company (“Transamerica”), Transamerica Financial Life Insurance Company (“TFLIC”), Peoples Benefit Life Insurance Company (“Peoples”), and Transamerica Occidental Life Insurance Company (“TOLIC”) is hereby amended as follows:

Schedule A of the Agreement is deleted in its entirety and replaced with the following Amended Schedule A:

AMENDED SCHEDULE A

Effective May 1, 2006

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

Subject to the Participation Agreement

Accounts:	Separate Account VA B
	Separate Account VA BNY
	Mutual Fund Account
	Separate Account VA A
	Separate Account VA C
	Separate Account VA D
	Retirement Builder Variable Annuity Account
	Transamerica Financial Life Insurance Company Separate Account C
	Peoples Benefit Life Insurance Company Separate Account V
	Legacy Builder Variable Life Separate Account
	TFLIC Series Life Account
	TFLIC Series Annuity Account
	Transamerica Occidental Life Separate Account VUL-3
	Separate Account VA E
	Separate Account VA F
	Transamerica Occidental Life Insurance Company Separate Account VUL-4
	Transamerica Occidental Life Insurance Company Separate Account VUL-5
	Transamerica Life Insurance and Annuity Company on behalf
	of its Separate Account VA-8
	Separate Account VA J
	Transamerica Occidental Life Insurance Company Separate Account VUL-6
	TA PPVUL 1
	Separate Account VA K
	Separate Account VA H
	Separate Account VA G
	Separate Account VA-2LNY
	Separate Account VA-2L
	Separate Account VA A
	Separate Account VL A
	AES Private Placement VA Separate Account
	Separate Account VA L
	Separate Account VA P
	PFL Corporate Account One
	Separate Account VA R

	Separate Account VA S
	Separate Account VA Q
	Separate Account Q NY
	Separate Account VA W
	Separate Account VA WNY
	TFLIC Separate Account VNY
	Separate Account VA X
	Separate Account VA Y
Policies:	Transamerica Landmark Variable Annuity
	Transamerica Landmark NY Variable Annuity
	The Atlas Portfolio Builder Variable Annuity
	Transamerica EXTRA Variable Annuity
	Transamerica Access Variable Annuity
	Retirement Income Builder II Variable Annuity
	Advisor’s Edge® Variable Annuity
	Advisors’s Edge Select® Variable Annuity
	Legacy Builder Plus
	TFLIC Financial Freedom Builder
	Transamerica Elite
	Privilege Select Variable Annuity
	Estate Enhancer Variable Life
	TransSurvivor Life Variable Universal Life
	TransMark Optimum Choice Variable Annuity
	TransUltra® Variable Universal Life
	TFLIC Freedom Elite Builder
	TFLIC Premier Variable Annuity
	Immediate Income Builder II
	Premier Asset Builder Variable Annuity
	TransAccumulatorSM VUL
	TFLIC Freedom Wealth Protector
	Advantage V
	Retirement Income Builder Variable Annuity
	Retirement Income Builder – BAI Variable Annuity
	Dreyfus Advisor Advantage Variable Annuity
	Dreyfus Access Advantage Variable Annuity
	Dreyfus/Transamerica Triple Advantage® Variable Annuity (NY)
	Dreyfus/Transamerica Triple Advantage® Variable Annuity
	Transamerica Variable Life
	Advisor’s Edge Select Private Placement
	Transamerica Preferred Advantage Variable Annuity
	Portfolio Select Variable AnnuitySM
	Flexible Premium Variable Annuity - A
	Flexible Premium Variable Annuity - B
	Flexible Premium Variable Annuity - C
	Flexible Premium Variable Annuity - D
	Flexible Premium Variable Annuity - E
	Flexible Premium Variable Annuity - G
	TFLIC Freedom Elite Builder II
	Flexible Premium Variable Annuity - H
	Advisor’s Edge® NY Variable Annuity
	Flexible Premium Variable Annuity - I
	Flexible Premium Variable Annuity - J
	Transamerica Freedom Variable Annuity
	TFLIC Freedom Elite Builder III
	TransSurvivorSM Life VUL
	TransAccumulator® VUL
	TransUltra® VUL

Portfolios:	AEGON/Transamerica Series Trust. – each Portfolio has an Initial Class and a Service Class of Shares
	AEGON Bond
	Asset Allocation – Conservative Portfolio
	Asset Allocation – Growth Portfolio
	Asset Allocation – Moderate Portfolio
	Asset Allocation – Moderate Growth Portfolio
	American Century International
	American Century Large Company Value
	Capital Guardian U.S. Equity
	Capital Guardian Global
	Capital Guardian Value
	Clarion Global Real Estate Securities
	Federated Growth & Income
	Great Companies – AmericaSM
	Great Companies – TechnologySM
	International Moderate Growth Fund
	JPMorgan Enhanced Index
	JPMorgan Mid Cap Value
	Janus Growth
	Jennison Growth
	Marsico Growth
	Mercury Large Cap Value
	MFS High Yield
	Munder Net50
	PIMCO Total Return
	Salomon All Cap
	Select+ Aggressive
	Select+ Conservative
	Select+ Growth & Income
	Templeton Great Companies Global
	T. Rowe Price Equity Income
	T. Rowe Price Growth Stock
	T. Rowe Price Small Cap
	Third Avenue Value
	Transamerica Balanced
	Transamerica Equity
	Transamerica Convertible Securities
	Transamerica Growth Opportunities
	Transamerica Money Market
	Transamerica Small/Mid Cap Value
	Transamerica U.S. Government Securities
	Transamerica Value Balanced
	Van Kampen Active International Allocation
	Van Kampen Large Cap Core
	Van Kampen Mid-Cap Growth

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, effective as of May 1, 2006.

AEGON/TRANSAMERICA SERIES TRUST		TRANSAMERICA LIFE INSURANCE COMPANY
By its authorized officer,		By its authorized officer,
By:	/s/ T. Gregory Reymann, II	By:	/s/ Priscilla I. Hechler
	T. Gregory Reymann, II		Priscilla I. Hechler
Title:	Vice President and Counsel	Title:	Assistant Secretary
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY		PEOPLES BENEFIT LIFE INSURANCE COMPANY
By its authorized officer,		By its authorized officer,
By:	/s/ Priscilla I. Hechler	By:	/s/ Priscilla I. Hechler
	Priscilla I. Hechler		Priscilla I. Hechler
Title:	Assistant Vice President and Assistant Secretary	Title:	Assistant Vice President and Assistant Secretary
TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY
By its authorized officer,
By:	/s/ Priscilla I. Hechler
	Priscilla I. Hechler
Title:	Assistant Vice President and Assistant Secretary