ADMINISTRATIVE SERVICES AGREEMENT



         AGREEMENT made as of May 1, 2003, between USAA LIFE INSURANCE COMPANY,

a corporation organized under the laws of the state of Texas and having a place

of business in San Antonio, Texas ("USAA Life"), and USAA LIFE INVESTMENT TRUST,

a Delaware business trust having a place of business in San Antonio, Texas (the

"Trust").



                                    RECITALS



         The Trust is an open-end management investment company registered under

the Investment Company Act of 1940 (the "1940 Act"), as amended, whose shares

("Shares") are registered under the Securities Act of 1933 (the "1933 Act"), as

amended, and with Shares offered in various investment funds as set forth in

Exhibit A (the "Existing Funds") (such funds together with any funds

subsequently established by the Trust for which the Trust desires to retain USAA

Life to provide services under this Agreement, and for which USAA Life is

willing to do so, being collectively referred to as the "Funds").



         The Trust makes its shares available for purchase to the Separate

Account of USAA Life Insurance Company and the Life Insurance Separate Account

of USAA Life Insurance Company (the "Separate Accounts"), and may in the future

(subject to any necessary approval by the Board of Trustees) make its shares

available to any other separate accounts of USAA Life or any of USAA Life's

subsidiaries or affiliates, and to separate accounts of non-affiliated life

insurance companies (all such eligible purchasers being referred to collectively

as "Purchasers").



         USAA Life issues variable annuity contracts and variable life insurance

policies (collectively "Contracts") funded through the Separate Accounts. USAA

Life invests certain assets of the Separate Accounts in the Trust for the

benefit of the owners of the Contracts ("Contract Owners"). USAA Life represents

that the services provided under this Agreement and the fees received hereunder

do not duplicate services provided and fees received under the Contracts or

otherwise in connection with the Separate Accounts.



                                    AGREEMENT



         In consideration of the agreements contained herein, and for other good

and valuable consideration, receipt of which is hereby acknowledged, the Trust

and USAA Life agree as follows:



1.       APPOINTMENT OF USAA LIFE.



         (a)       Existing Funds. The Trust hereby appoints USAA Life to act as

administrator for the Existing Funds for the period and on the terms herein set

forth. USAA Life accepts such appointment and agrees to render the services

herein set forth, for the compensation herein provided.



         (b)       Additional Funds. In the event that the Trust desires to

retain USAA Life to render administrative services hereunder with respect to any

Fund other than an Existing Fund, it shall notify USAA Life in writing. If USAA

Life is willing to render such services it shall notify the Trust in writing,

whereupon the Trust shall appoint USAA Life to act as administrator for such

Fund for the period and on the terms herein



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set forth, and USAA Life shall accept such appointment and agree to render the

services herein set forth for the compensation herein provided.



         (c)       USAA Life shall be subject to the direction and control of

the Trust in providing services under this Agreement, and shall provide such

services in compliance with all applicable provisions of the Trust's Master

Trust Agreement, Bylaws, Prospectus, and any applicable federal or state laws

and regulations.



2.       DUTIES OF USAA LIFE.



         USAA Life shall administer the affairs of the Trust and provide related

services required for the operation of the Funds; provided, that USAA Life shall

not have any obligation to provide under this Agreement any services related to

the distribution of Fund shares or any other services which are the subject of a

separate agreement or arrangement between the Trust and USAA Life or its

affiliates with respect to the Funds. Subject to the foregoing, USAA Life shall

provide the following services and facilities to the Trust:



         (a)       Office Space, Equipment and Facilities. Furnish such office

space, office equipment, and office facilities as are adequate for the Trust's

needs with respect to the Funds.



         (b)       Personnel. Provide the services of individuals competent to

perform all of the Trust's executive, administrative, and clerical functions

that are not performed by employees or other agents engaged by the Trust or by

USAA Life acting in some other capacity pursuant to a separate agreement or

arrangement with the Trust with respect to the Funds.



         (c)       Agents. Assist the Trust in selecting and coordinating the

activities of the other agents engaged by the Trust with respect to the Funds,

including the Trust's transfer agent, custodian, independent auditors, and legal

counsel.



         (d)       Trustees and Officers. Authorize and permit USAA Life's

directors, officers and employees who may be elected or appointed as trustees or

officers of the Trust to serve in such capacities, without remuneration from or

other cost to the Trust.

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