File No. 333-16279
Filed under Rule 424(b)(3)
FIRST GOLDEN AMERICAN LIFE INSURANCE COMPANY OF NEW YORK
PROSPECTUS SUPPLEMENT
JANUARY 5, 1998
SUPPLEMENT TO THE PROSPECTUS DATED MAY 6, 1997 AS AMENDED JULY 9,
1997
AND OCTOBER 24, 1997 FOR
EMPIRE PRIMELITE
DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACTS
ISSUED BY GOLDEN AMERICAN LIFE INSURANCE COMPANY
__________
The following information supplements the information
contained in the prospectus regarding Other Types of Qualified
Retirement Plans beginning on page 46 of the prospectus. Insert
the following after the paragraph titled "SIMPLE IRAs":
Roth IRAs. Effective immediately, First Golden is
offering Contracts in connection with Roth Individual
Retirement Annuities ("Roth IRAs"). New Section 408A of the
Code permits eligible individuals to contribute to Roth
IRAs. Under applicable limitations, certain amounts may be
contributed to a Roth IRA. The contributions are not
deductible from the individual's gross income, but if
certain qualifications are met, distributions of earnings
are not included in taxable income. Rollovers from regular
IRAs or conversions of regular IRAs to Roth IRAs are
permitted, but the owner must include the amount rolled over
or converted in taxable income (with the ability to spread
the tax liability over four years if the rollover or
conversion takes place in 1998). Roth IRAs are subject to
limitations on eligibility, contributions, transferability,
and distributions. Purchasers of Contracts who intend for
them to be qualified as Roth IRAs should seek competent tax
advice. Please check with First Golden's Customer Service
Center for state availability.
Generally, earnings on a ROTH IRA accrue federally tax-
deferred, and distributions are not subject to federal
income tax or 10% penalty tax if five years have passed
since the first contribution was made or any conversion from
a traditional IRA was effected, and the distribution is made
(a) once the owner is 59 1/2 or older, (b) upon the death or
disability of the owner, or (c) for a limited amount, for
qualified first-time home buyer expenses. Distributions
that do not meet these conditions would be subject to
ordinary federal income tax and may be subject to the 10%
penalty tax.
This supplement should be retained with your Empire PrimElite
Prospectus.
PE-1-NY-ROTH 1/5/98
