BANKERS LIFE COMPANY

BOARD RESOLUTION

No. 11315

Passed 6-24-68

BE IT RESOLVED:

1. That the Chairman of the Board or the President shall designate the appropriate

officers to have the primary responsibility and authority within the provisions of the

Articles of Incorporation of the Bankers Life Company and as permitted under the applicable

law to prepare and issue group and/or individual variable annuity contracts which would

result in tax deferral under the Internal Revenue Code of 1954, as amended, but which

do not provide for participation in the Separate Account established by the Company on

the 8th day of August, 1964. Such variable annuity contracts may provide for benefits

whose dollar amount orother measure of value may vary during the period subsequent to

as well as the period prior to the maturity dates of such contracts.

2. That the Chairman of the Board or the President shall designate the

same or other officers to have the primary responsibility and authority within

the provisions of the Articles of Incorporation of Bankers Life Company and as

permitted under the applicable law to establish one or more additional Separate

Accounts or funds, each of which shall meet the requirements of a "unit

investment trust" as defined by the Investment Company Act of 1940, as amended.

3. That the officers so designated are hereby authorized and directed

to prepare, execute and file with the Securities and Exchange Commission in

accordance with the provisions of the Securities Act of 1933, as amended, a

registration statement or statements, and such amendments thereto as may be

necessary or appropriate, relating to such variable annuity contracts as

described in this resolution.

4. That the officers so designated are hereby authorized if necessary

to prepare, execute and file with the Securities and Exchange Commission in

accordance with the provisions of the Investment Company Act of 1940, as

amended, a registration statement or statements, and such amendments thereto as

may be necessary or appropriate, relating to such unit investment trust or trusts.

5. That the officers so designated are hereby authorized to take such

further action as may in their judgment be necessary or desirable to effect the

registration of such variable annuity contracts and of such unit investment trust or trusts.

This is to certify that the above is a true copy of Board Resolution

No. 11315 as it appears on the minute book of the Corporation.

/s/ R. E. Cassell

R. E. Cassell

Senior Vice-President and Secretary

EXECUTIVE COMMITTEE RESOLUTION

No. 2000

Passed January 12, 1970

RESOLVED, That in furtherance of resolution No. 11315 of the Board of

Directors enacted on the 24th day of June, 1968, a separate account to be known

as Separate Account B be and hereby is established for the purpose of issuing

variable annuity contracts entitled to special tax treatment under Sections 401

or 403(b) of the Internal Revenue Code 1954, as amended.

EXECUTIVE COMMITTEE RESOLUTION

RESOLUTION NO. 2115

PASSED 4-12-71

"RESOLVED, That Separate Account B heretofore established by Executive

Committee Resolution No. 2000, passed January 12, 1970, be and is hereby amended

by deleting all reference to Section 401 of the Internal Revenue Code, and as

amended said resolution reads as follows:

'RESOLVED, That in furtherance of Resolution No. 11315 of the Board of

Directors enacted on the 24th day of June 1968, a separate account to

be known as Separate Account B be and hereby is established for the

purpose of issuing variable annuity contracts entitled to special tax

treatment under Section 403(b) of the Internal Revenue Code 1954, as

amended.' "

EXECUTIVE COMMITTEE RESOLUTION

RESOLUTION NO. 2927

dated May 17, 1982

On motion duly made and seconded, the following Resolution was unanimously

adopted:

WHEREAS, Board Resolution No. 11315, June 24, 1968, authorized the

establishment and operation of one or more separate accounts for the

purpose of issuing variable annuity contracts entitled to special tax

treatment under the Internal Revenue Code of 1954 as amended, and, pursuant

thereto the establishment of Separate Account B was authorized by Executive

Committee Resolution No. 2000, January 12, 1970, as amended by Executive

Committee Resolution No. 2115, April 12, 1971;

WHEREAS, the Plan of Operations for Separate Account B provides for

alternative funding for variable annuity contracts participating in

Separate Account B;

NOW, THEREFORE, BE IT RESOLVED, that there are hereby established, for the

purpose of providing alternative funding methods for variable annuity

contracts entitled to special tax treatment under the Internal Revenue Code

of 1954, as amended, two separate divisions within Separate Account B, a

Common Stock Division and a Money Market Division. All income and expenses

and all gains or losses, whether or not realized, experienced with respect

to assets for a series of contracts participating in a Division of Separate

Account B shall be credited to or charged against those assets, unaffected

by income and expenses or gains or losses experienced with respect to

assets for any other series of contracts participating in the same or any

other Division of Separate Account B, or constituting any other Separate

Account, or constituting the general account of the Company.

FURTHERMORE, the assets for a series of contracts participating in a

Division of Separate Account B shall not be charged by Bankers Life Company

with any liabilities arising from any other series of contracts issued by

the company participating in the same or from any other Division of

Separate Account B.

Board Resolution #12434 (passed February 23-24, 1987)

WHEREAS, Board Resolution No. 11315, June 24, 1968, authorized the

establishment and operation of one or more separate accounts for the purpose of

issuing variable annuity contracts entitled to special tax treatment under the

Internal Revenue Code of 1954 as amended, and, pursuant thereto the

establishment of Separate Account B was authorized by Executive Committee

Resolution No. 2000, January 12, 1970, as amended by Executive Committee

Resolution No. 2115, April 12, 1971, and Executive Committee Resolution No.

2927, May 17, 1982;

WHEREAS, the Plan of Operations for Separate Account B provides for

alternative funding for variable annuity contracts participating in Separate

Account B;

NOW, THEREFORE, BE IT RESOLVED, that there are hereby established, for

the purpose of providing alternative funding methods for variable annuity

contracts entitled to special tax treatment under the Internal Revenue Code of

1954, as amended, three separate divisions within Separate Account B, a Common

Stock Division, a Money Market Division and a Government Securities Division.

All income and expenses and all gains or losses, whether or not realized,

experienced with respect to assets for a series of contracts participating in a

Division of Separate Account B shall be credited to or charged against those

assets, unaffected by income and expenses or gains or losses experienced with

respect to assets for any other series of contracts participating in the same or

any other Division of Separate Account B, or constituting any other Separate

Account, or constituting the general account of the Company.

FURTHERMORE, the assets for a series of contracts participating in a

Division of Separate Account B shall not be charged by Principal Mutual Life

Insurance Company with any liabilities arising from any other series of

contracts issued by the Company participating in the same or from any other

Division of Separate Account B.