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                           FORM N-4, ITEM 24(b)(4.27)
                       Amendment to Group Annuity Contract
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                                   AMENDMENT
                                       TO
                             GROUP ANNUITY CONTRACT
                  (insert Contract number here) (THE CONTRACT)
                                    ISSUED BY
                  AMERICAN UNITED LIFE INSURANCE COMPANY (AUL)
                                     TO THE
             (insert Contractholder name here) (THE CONTRACTHOLDER)



This  Amendment  is effective  for Plan loans  originating  on or after  (insert
correct date here).


AUL and the  Contractholder  hereby agree that the Contract is amended by adding
the  following  provision:  Loan  Administration  Fee:  On the  last day of each
Contract Quarter,  we deduct from a Participant's  Account a Loan Administration
Fee of up to section  12.50 for each Plan loan of the  Participant  that remains
outstanding  on such day.  Alternatively,  we may bill this charge to you if you
and we mutually agree. If the entire balance of a Participant Account is applied
or  withdrawn  before  the  last day of the  Contract  Quarter  pursuant  to the
contract,  the Loan  Administration Fee attributable to the period of time which
has  elapsed  since  the  first  day of  the  Contract  Quarter  in  which  such
application  or withdrawal of funds is made will not be deducted from the amount
applied or withdrawn and will not be billed to you.




CONTRACTHOLDER                                  AUL
By                                              By
Title                                           Title
Date                                            Date









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