EQUITABLE OF IOWA COMPANIES
11-K, 1996-06-26
DEPARTMENT STORES
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                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.  20549

                                 Form 11-K

                ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

                  For the fiscal year ended December 31, 1995

                         Commission file number 0-8590

     A.   Full title of the plan and the address of the plan, if different 
from that of the issuer named below:  Equitable of Iowa Companies Deferred 
Profit Sharing and Retirement Savings Plan and Trust.

     B.   Name of issuer of the securities held pursuant to the plan and the 
address of its principal executive office:

                         Equitable of Iowa Companies
                         604 Locust Street
                         Des Moines, IA 50309

                          PROVIDED INFORMATION

     1)   Plan financial statements and schedules prepared in accordance with 
the financial reporting requirements of the Employee Retirement Income 
Security Act are attached hereto as Exhibit 1 and by this reference are 
incorporated herein.

     2)   Consent of Independent Auditors is attached hereto as Exhibit 2 and 
by this reference is incorporated herein.

                                SIGNATURES

The Plan.  Pursuant to the requirements of the Securities Exchange Act of 
1934, the administrator of the employee benefit plan has duly caused this 
annual report to be signed on its behalf by the undersigned hereunto duly 
authorized.

                         EQUITABLE OF IOWA COMPANIES
                   DEFERRED PROFIT SHARING AND RETIREMENT
                           SAVINGS PLAN AND TRUST

                         By:  Equitable of Iowa Companies,
                              Administrator


Date:  June ____, 1996        By: /s/ Fred S. Hubbell
                              ___________________________
                              Fred S. Hubbell
                              President







                              Exhibit 2

                  Consent of Independent Auditors






We consent to the incorporation by reference in the Registration Statement
(Form S-8 No. 33-57484) pertaining to the Equitable of Iowa Companies Deferred
Profit Sharing and Retirement Savings Plan and Trust of our report dated
May 26, 1996, with respect to the financial statements and schedules of the
Equitable of Iowa Companies Deferred Profit Sharing and Retirement Savings
Plan and Trust included in this Annual Report (Form 11-K) for the year ended
December 31, 1995.


                                       /s/ Ernst & Young LLP

Des Moines, Iowa
June 22, 1996



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