ADMINISTRATIVE SERVICES AGREEMENT

      This Agreement is made as of the 30th day of April, 2001, by and between
INVESCO Funds Group, Inc. ("INVESCO"), and Ameritas Life Insurance Company
("Ameritas"), a Nebraska corporation, collectively, the "Parties."

                                   WITNESSETH:

      WHEREAS, INVESCO serves as the administrator for the INVESCO Variable
Investment Funds, Inc. ( the "Company"); and

      WHEREAS, Ameritas has entered into an agreement, dated April 30, 2001,
with the Company and INVESCO (the " Fund Participation Agreement") pursuant to
which INVESCO will make shares of certain of its Portfolios available to certain
variable life insurance and/or variable annuity contracts offered by Ameritas
through certain separate accounts (the "Separate Accounts") at net asset value
and with no sales charges, subject to the terms of the Fund Participation
Agreement; and

      WHEREAS, the Fund Participation Agreement provides that the Company will
bear the costs of preparing, filing with the Securities and Exchange Commission,
printing or duplicating and mailing the Company's (or the Portfolios')
prospectus, statement of additional information and any amendments or
supplements thereto, periodic reports to shareholders, Fund proxy material and
other shareholder communications (collectively, the "Fund Materials") required
by law to be sent to owners of Contracts ("Contract Owners") who have allocated
any Contract value to a Portfolio; and

      WHEREAS, the Fund Participation Agreement provides that Ameritas, at its
expense, will provide various administrative and shareholder contact services
with respect to prospective and actual Variable Contract Owners of Ameritas; and

      WHEREAS, the Fund Participation Agreement makes no provision for the rate
at which each party shall incur expenses in connection with the servicing of
Contract Owners who have allocated Contract value to a portfolio, including, but
not limited to, responding to various Contract Owner inquiries regarding a
Portfolio; and

      WHEREAS, the Parties hereto wish to allocate the expenses in a manner that
is fair and equitable, and consistent with the best interests of Contract
Owners; and

      WHEREAS, the Parties hereto wish to establish a means for allocating the
expenses that does not entail the expense and inconvenience of separately
identifying and accounting for each item of Fund expense;

      NOW THEREFORE, in consideration of the mutual benefits and promises
contained herein, the Parties hereto agree as follows:

      I. SERVICES PROVIDED:

Ameritas agrees to provide services to the Company and INVESCO including the
following:

a)    responding to inquiries from Ameritas Contract Owners using one or more of
      the Portfolios as an investment vehicle regarding the services performed
      by Ameritas as they relate to INVESCO, the Company or its Portfolios;

b)    providing information to INVESCO or the Company and to Contract Owners
      with respect to shares attributable to Contract Owner accounts;

c)    communicating directly with Contract Owners concerning INVESCO or the
      Company's operations;

e)    providing such similar services as INVESCO or the Company may reasonably
      request to the extent permitted or required under applicable statutes,
      rules and regulations.

      II. EXPENSE ALLOCATIONS:

Subject to Section III hereof, and the provisions of Article IV of the Fund
Participation Agreement, Ameritas or its affiliates shall initially bear the
costs of the following:

a)    printing and distributing all Fund Materials to be distributed to
      prospective Contract owners except as may otherwise be provided in the
      Fund Participation Agreement;

b)    printing and distributing all sales literature or promotional material
      developed by Ameritas or its affiliates and relating to the Contracts;

c)    servicing Contract Owners who have allocated Contract value to a
      Portfolio, which servicing shall include, but is not limited to, the items
      listed in Paragraph I of this Agreement.

      III. PAYMENT OF EXPENSES:

In recognition of the substantial savings in administrative expenses to INVESCO
and the Company by virtue of having a sole shareholder, Ameritas, and having
that shareholder be responsible for the servicing of the Contract Owners,
INVESCO will pay an administrative service fee to Ameritas, as described below:

a)    INVESCO shall pay to Ameritas an Administrative Services Fee (hereinafter,
      the "Quarterly Fee") equal to a percentage of the average daily net assets
      of the Portfolios attributable to Contracts offered by Ameritas, at the
      annual rate of 0.25% on the aggregate net assets placed by Ameritas in the
      INVESCO VIF Funds designated in Schedule B of the Fund Participation
      Agreement, as may be amended from time to time.  The Quarterly Fee is in
      consideration of the expenses incurred by Ameritas pursuant to Section II
      hereof.  The payment of the Quarterly Fee shall commence on the date first
      indicated above.

b)    From time to time, the Parties hereto shall review the Quarterly Fee to
      determine whether it reasonably approximates the incurred and anticipated
      costs, over time, of Ameritas in connection with its duties hereunder. The
      Parties agree to negotiate in good faith any change to the Quarterly Fee
      proposed by another Party in good faith.

c)    This Agreement shall not modify any of the provisions of Article IV or
      Article VI of the Fund Participation Agreement, but shall supplement those
      provisions.

      IV. TERM OF AGREEMENT:

This Agreement shall continue in effect for so long as Ameritas or its
successor(s) in interest, or any affiliate thereof, continues to hold shares of
the Company or its portfolios, and continues to perform in a similar capacity
for the Company and INVESCO.

      V.  INDEMNIFICATION:

(a)   Ameritas agrees to indemnify and hold harmless the Company and INVESCO,
      and their officers, employees, and directors, from any and all loss,
      liability and expense resulting from the gross negligence or willful
      wrongful act of Ameritas under this Agreement, except to the extent such
      loss, liability or expense is the result of the willful misfeasance, bad
      faith or gross negligence of the Company or INVESCO in the performance of
      its duties, or by reason of the reckless disregard of their obligations
      and duties under this Agreement.

(b)  The Company and INVESCO agree to indemnify  and hold harmless  Ameritas and
     its officers, employees, and directors from any and all loss, liability and
     expense  resulting from the gross negligence or willful wrongful act of the
     Company or INVESCO  under this  Agreement,  except to the extent such loss,
     liability or expense is the result of the willful misfeasance, bad faith or
     gross negligence of Ameritas in the performance of its duties, or by reason
     of the  reckless  disregard  of  its  obligations  and  duties  under  this
     Agreement.

      VI. NOTICES:

Notices and communications required or permitted hereby will be given to the
following persons at the following addresses and facsimile numbers, or such
other persons, addresses or facsimile numbers as the Party receiving such
notices or communications may subsequently direct in writing:

INVESCO Funds Group, Inc.
7800 East Union Avenue
Denver, CO 80237
Attn: Ronald L. Grooms - Senior Vice President
FAX: 303 930-6541

Ameritas Life Insurance Company
P.O. Box 81889
Lincoln, NE   68510-1889
Attn:  General Counsel
FAX:  402-467-1122

      VII. APPLICABLE LAW:

Except insofar as the Investment Company Act of 1940 or other federal laws and
regulations may be controlling, this Agreement will be construed and the
provisions hereof interpreted under and in accordance with Delaware law, without
regard for that state's principles of conflict of laws.

      VIII. EXECUTION IN COUNTERPARTS:

This Agreement may be executed simultaneously in two or more counterparts, each
of which taken together will constitute one and the same instrument.

      IX. SEVERABILITY:

If any provision of this Agreement is held or made invalid by a court decision,
statute, rule or otherwise, the remainder of this Agreement will not be affected
thereby.

      X. RIGHTS CUMULATIVE:

The rights, remedies and obligations contained in this Agreement are cumulative
and are in addition to any and all rights, remedies and obligations, at law or
in equity, that the Parties are entitled to under federal and state laws.

      XI. HEADINGS:

The headings used in this Agreement are for purposes of reference only and shall
not limit or define the meaning of the provisions of this Agreement.

      IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
in their names and on their behalf by and through their duly authorized officers
signing below.





INVESCO FUNDS GROUP, INC.                       AMERITAS LIFE INSURANCE COMPANY



By:  /s/ Ronald L. Grooms                       By:  /s/ Kenneth C. Louis
-------------------------                       -------------------------
Ronald L. Grooms                                Name:   Kenneth C. Louis
Senior Vice President & Treasurer               Title:  President & Chief
                                                          Operating Officer




INVESCO VARIABLE INVESTMENT FUNDS, INC.


By:  /s/ Ronald L. Grooms
-------------------------
Ronald L. Grooms
Treasurer