Exhibit 1.A.(5)(e)

                  Asset Rebalancing Program Endorsement (ESI04)




================================================================================

                   WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO

================================================================================

                                   ENDORSEMENT

- --------------------------------------------------------------------------------

The following provision is added to this Policy, effective as of the date We
receive Your written request to participate in the Asset Rebalancing Program.

ASSET REBALANCING   The Owner may instruct Us to  automatically transfer Cash
PROGRAM             Values among the Subaccounts for purposes of maintaining a
                    particular percentage allocation among the Subaccounts.

                    The Cash Value allocated to each Subaccount will grow or
                    decline in value at different rates. The Asset Rebalancing
                    Program automatically reallocates the Cash Value in the
                    Subaccounts at the end of each period to pro-rata match the
                    Owner's current Subaccount allocation schedule.

                    1.  We must receive written election of this option on a
                        form provided by Us;
                    2.  Asset Rebalancing is only available prior to the
                        Maturity Date;
                    3.  Cash Values in the Fixed Account are not eligible for
                        Asset Rebalancing.

                    The Owner may elect for rebalancing to occur on each
                    quarter, semi-annual or annual Anniversary. Following
                    receipt of written request, the initial rebalancing will
                    occur on the next such Anniversary, and will occur in
                    accordance with the current Premium allocation.

                    Asset Rebalancing is not available and will terminate if:

                    1.  Dollar Cost Averaging is elected;
                    2.  The Owner participates in any asset allocation service
                        provided by a third party;
                    3.  We receive a request to discontinue participation; or
                    4.  A transfer is made to, or from, any Subaccount other
                        than under a scheduled rebalancing.




                    Each reallocation which occurs under Asset Rebalancing will
                    be counted towards the number of transfers allowed without
                    charge.

                    We reserve the right to limit re-entry into the Asset
                    Rebalancing Program following termination to once per Policy
                    Year.

We reserve the right to discontinue, modify or suspend the Asset Rebalancing
Program at any time, following proper written notification to all policyholders.

Signed for Us at Our Office in Clearwater, Florida.

   /s/ WILLIAM H. GEIGER                          /s/ JOHN R. KENNEY
- -----------------------------                  -------------------------
           Secretary                                   President