File No. 333-16501, 811-07935
Filed under Rule 497(e)
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
GOLDENSELECT/r/ DVA PLUS
DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACTS
ISSUED BY FIRST GOLDEN AMERICAN LIFE INSURANCE COMPANY OF NEW
YORK
__________
The following information supplements the information
contained in the prospectus regarding Other Types of Qualified
Retirement Plans beginning on page 37 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 GoldenSelect/r/
Prospectus.
FG-3120-ROTH 1/98 GoldenSelect FG
