EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES /NY/, POS AM, 1998-05-22

EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES /NY/
POS AM, 1998-05-22
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Registration No. 333-24009
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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POST-EFFECTIVE AMENDMENT NO. 5 TO
FORM S-3

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
(Exact name of registrant as specified in its charter)

NEW YORK
(State or other jurisdiction of incorporation or organization)

13-5570651
(I.R.S. Employer Identification No.)

1290 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK 10104
(212) 554-1234

(Address, including zip code, and telephone number,
including area code, of registrant's
principal executive offices)

MARY P. BREEN, VICE PRESIDENT AND ASSOCIATE GENERAL COUNSEL
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
1290 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK 10104
(212) 554-1234

(Name, address, including zip code, and telephone number, including area code,
of agent for service)

Please send copies of all communications to:
PETER E. PANARITES
FREEDMAN, LEVY, KROLL & SIMONDS
1050 CONNECTICUT AVENUE, N.W., SUITE 825
WASHINGTON, D.C. 20036
(202) 457-5100
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NOTE

This Post-Effective Amendment No. 5 ("PEA") to the Form S-3 Registration
Statement No. 333-24009 ("Registration Statement") of The Equitable Life
Assurance Society of the United States is being filed solely for the purpose of
including in the Registration Statement new tax sheltered annuity supplements
("Supplements") and related exhibits. The Supplements relate to the prospectuses
for the Equitable Accumulator and Equitable Accumulator Select, each dated May
1, 1998, previously filed in the Registration Statement. The PEA does not amend
or delete any other part of the Registration Statement except as specifically
noted herein.

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TAX SHELTERED ANNUITY

SUPPLEMENT TO EQUITABLE ACCUMULATOR(SM)
(IRA, NQ AND QP) PROSPECTUS DATED MAY 1, 1998

COMBINATION VARIABLE AND FIXED DEFERRED ANNUITY CERTIFICATES

Issued By:
The Equitable Life Assurance Society of the United States
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This prospectus supplement describes terms applicable to Equitable Accumulator
Certificates purchased as a Code Section 403(b) tax-sheltered annuity (TSA).
Under Equitable Accumulator TSA Certificates, we will only accept contributions
that are rollover contributions or direct transfers as described below. The
information below adds to or changes the information in the prospectus. Unless
otherwise indicated, all other information included in the prospectus remains
unchanged. Capitalized terms in this supplement have the same meaning as in the
prospectus.

GENERAL TERMS

Under "General Terms" and throughout the prospectus, the definition of the
following terms is changed under TSA Certificates:

ANNUITY ACCOUNT VALUE -- The sum of the amounts in the Investment Options, plus
any amount in a loan reserve account (an amount we will establish as security
for the repayment of your loan).

CASH VALUE -- The Annuity Account Value minus any outstanding loan balance, and
less any withdrawal charges.

PARTICIPANT/EMPLOYEE -- A current or former participant under a TSA plan of an
eligible employer.

AVAILABILITY OF CERTIFICATES

Equitable Accumulator TSA Certificates are available for purchase by current or
former employees of public schools, higher education institutions, and nonprofit
tax exempt organizations under Code Section 501(c)(3). TSA Certificates are
available for Annuitant issue ages 20 through 78.

Equitable Accumulator TSA Certificates may not currently be available in your
state. Your agent can provide information about state availability or you may
contact our Processing Office.

OWNER AND ANNUITANT

Each employee is the Certificate Owner and must also be the Annuitant. A
Successor Owner/Annuitant is not permitted. As in the prospectus, throughout
this supplement, "you" and "your" refers to the Certificate Owner.

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Copyright 1998 The Equitable Life Assurance Society of the United States,
New York, New York 10104.
All rights reserved.
Accumulator is a service mark and Income Manager is a registered
service mark of The Equitable Life Assurance Society of the United States.

SUPPLEMENT DATED , 1998

PROS AGENT SUPP2 (5/98)

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CONTRIBUTIONS TO TSAS

An initial rollover or direct transfer contribution of at least $5,000 is
required to put a TSA Certificate into effect. Subsequent rollover or direct
transfer contributions in an amount of at least $1,000 may be made at any time
until you attain age 79.

Contributions to your TSA Certificate may be made in the form of (i) a rollover
from another TSA contract or arrangement that meets the requirements of Section
403(b) of the Code, or (ii) a direct transfer of assets ("direct transfer"), in
full or partially, from another contract or arrangement that meets the
requirements of Section 403(b) of the Code directly to an Equitable Accumulator
TSA Certificate, by means of IRS Revenue Ruling 90-24. A transfer form
acceptable to us will be required.

If you make a direct transfer as described in (ii) above, you must tell us the
portion, if any, of the transferred funds which, under Federal tax law, are (a)
exempt from withdrawal restrictions, and (b) eligible for delayed distribution.
See "Distributions from TSAs" and "Minimum Distributions" under "Federal Tax and
ERISA Matters" below. If you do not tell us, then we will treat all such amounts
as being subject to applicable tax restrictions. If your employer's plan is
subject to the Employee Retirement Income Security Act of 1974 (ERISA), you may
be required to obtain your employer's authorization before funds are transferred
to this TSA Certificate.

GUARANTEED MINIMUM INCOME BENEFIT

Under Equitable Accumulator TSA Certificates, the Guaranteed Minimum Income
Benefit may be exercised, on Contract Date anniversaries as indicated under
"Guaranteed Minimum Income Benefit" in Part 4 of the prospectus, only after the
Certificate Owner converts such TSA Certificate in a direct rollover to a
Traditional IRA Certificate according to our rules at the time of change. The
rollover to a Traditional IRA Certificate may only occur when the Annuitant will
no longer be a Participant/Employee in the TSA plan.

ANNUITY BENEFITS AND PAYOUT ANNUITY OPTIONS

The only annuity benefits which are available under TSA Certificates are the
Life Annuity 10 Year Period Certain, or a Joint and Survivor Life Annuity 10
Year Period Certain. Income Manager(R) payout annuity options are available only
after the TSA Certificate is rolled over into a Traditional IRA Certificate. See
"Guaranteed Minimum Income Benefit" above and "Annuity Benefits and Payout
Annuity Options" in Part 5 of the prospectus.

WITHDRAWAL OPTIONS

Under certain TSAs, if you are married at the time you request a withdrawal (as
described under "Withdrawal Options" in Part 5 of the prospectus), spousal
consent is required before taking a withdrawal from your TSA Certificate. See
"Spousal Consent" below.

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LOANS

The loan provision is not currently available under Equitable Accumulator TSA
Certificates, but is expected to become available in early 1999. The following
is provided for your general information concerning the operation of the loan
provision and the effect of a loan on your Certificate's values once the loan
provision becomes available under your TSA Certificate.

Loans under TSA Certificates are restricted by the rules of the Code, and where
applicable, ERISA. In addition, ERISA rules apply to loans under individual TSA
Certificates where the TSA plan is subject to Title I of ERISA. Loans are not
available under TSA Certificates when the Minimum Distribution Withdrawals
option is in effect. See "Minimum Distribution Withdrawals" in Part 5 of the
prospectus and "Minimum Distributions" below.

When available, you can request a loan by submitting a properly completed loan
request form that will be available from your agent or from our Processing
Office. You should read the terms and conditions of the loan request form
carefully and consult with your tax adviser before taking out a loan. Under TSA
Certificates subject to ERISA, the written consent of your spouse will be
required before a loan can be made. Further details of the loan provision are
provided in your Certificate. Also, see "Federal Tax and ERISA Matters" below
for general rules applicable to loans.

Under Equitable Accumulator TSA Certificates, only one outstanding loan at a
time will be permitted. The minimum loan amount will be $1,000 and the maximum
amount will be $50,000 or, if less, 50% of the Annuity Account Value, subject to
any limits under the Code. The term of a TSA loan is five years unless the loan
is used to acquire your primary residence. The limit for loans used to purchase
your primary residence is 10 years under Equitable Accumulator TSA Certificates.
The loan term under TSA Certificates may not extend beyond the earliest of; (1)
election and commencement of annuity benefits, (2) the date of termination of
the Certificate, and (3) the date a death benefit is paid.

During the period a loan balance is outstanding, interest will accrue daily at a
rate we set ("loan interest rate"). The rate will be equal to the Moody's
Corporate Bond Yield Averages for the calendar month ending two months before
the day of the calendar quarter in which the rate is determined.

A loan will not be treated as a taxable distribution when made to the extent
that it conforms to the limits under the Code. If the loan fails to qualify
under Code limits, or if interest and principal are not repaid when due, or, in
some instances, if service with the employer terminates, the amount borrowed and
not yet repaid may be treated as a taxable distribution.

EFFECTS OF LOANS ON YOUR CERTIFICATE BENEFITS

Guaranteed Minimum Death Benefit

If there is a loan outstanding as of the date of the Annuitant's death, the
death benefit payable will be reduced by the amount of the outstanding loan and
accrued interest.

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While a loan is outstanding, your Guaranteed Minimum Death Benefit will be
credited with interest at 6% (4% for amounts in the Alliance Money Market Fund
except as indicated in the prospectus, the Alliance Intermediate Government
Securities Fund, the GIROs, and the loan reserve account) on each Contract Date
anniversary through the Annuitant's age 80 (or age 70 if the 6% Roll Up to Age
70 benefit is elected), or at the Annuitant's death, if earlier, and 0%
thereafter and will be adjusted for any loan repayments, subsequent
contributions and withdrawals. See "Death Benefit" in Part 4 of the prospectus.

Guaranteed Minimum Income Benefit

While a loan is outstanding your Guaranteed Minimum Income Benefit benefit base
will be credited with interest at 6% (4% for amounts in the Alliance Money
Market Fund except as indicated in the prospectus, the Alliance Intermediate
Government Securities Fund, the GIROs, and the loan reserve account), on each
Contract Date anniversary through the Annuitant's age 80 (or age 70 if the 6% to
Age 70 benefit is elected), and 0% thereafter, and is adjusted for any loan
repayments, subsequent contributions and withdrawals. The Guaranteed Minimum
Income Benefit benefit base will be reduced by any outstanding loan balance and
any withdrawal charge remaining on the Transaction Date that you exercise your
Guaranteed Minimum Income Benefit. See "Guaranteed Minimum Income Benefit
Benefit Base" in Part 5 of the prospectus.

Withdrawal Options

While a loan is outstanding, you may not elect Systematic Withdrawals,
Substantially Equal Payment Withdrawals or Minimum Distribution Withdrawals.
Only Lump Sum Withdrawals will be permitted and the amount to be withdrawn will
be limited such that the Cash Value remaining after the withdrawal must equal at
least 10% of the outstanding loan balance. See "Withdrawal Options" in Part 5 of
the prospectus.

SPOUSAL CONSENT

In the case of certain TSAs, if you are married at the time that a loan,
withdrawal, or other distribution is requested under the Certificate, spousal
consent is required as provided below. In addition, the beneficiary must be your
spouse, unless your spouse consents in writing to the designation of another
beneficiary. See "Spousal Consent Rules" under "Federal Tax and ERISA Matters"
below.

Your spouse's written consent must be witnessed by a representative of the TSA
plan or a notary and must be given on a form acceptable to your employer and to
Equitable, in accordance with the plan and ERISA, prior to any withdrawal, loan
or other distribution, unless you can prove to the satisfaction of your employer
and Equitable, that you have no spouse or that you cannot locate your spouse.

ASSIGNMENTS

TSA Certificates are not assignable or transferable except through surrender to
us.

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FEDERAL TAX AND ERISA MATTERS

General

An employer eligible to maintain a TSA plan (also referred to as a "403(b)"
plan, program, or arrangement) for its employees ("participants") may make
contributions to an annuity contract purchased for the benefit of the employee.
These annuity contributions, if properly made, will not be treated as currently
taxable compensation to you. Moreover, you will not be taxed on the earnings in
the annuity until distributions are taken.

Two different types of employers are eligible to maintain 403(b) plans: (1)
public schools and (2) specified tax-exempt organizations under Section
501(c)(3) of the Code.

CONTRIBUTIONS TO TSAS

Individuals may make three different types of contributions to purchase a TSA:
(1) "rollover" contributions from other TSAs or under certain circumstances,
IRAs, (2) direct transfers from other TSAs, or (3) "employer-remitted
contributions" which may be pure employee salary reduction contributions or pure
employer defined contributions or a combination of salary reduction and employer
contributions. Because only rollover or direct transfer contributions are
permitted under the Equitable Accumulator TSA Certificates, the discussion below
of employer-remitted contributions to TSAs is limited. The discussion is
provided only for purposes of describing restrictions on distribution of funds
rolled over or transferred, which may include employer-remitted contributions
made under prior contracts. See "Distributions from TSAs" below.

Rollover or Direct Transfer Contributions

Rollover contributions may be made to your Equitable Accumulator TSA Certificate
from TSAs under Section 403(b) of the Code. A rollover contribution occurs when
an employee has a distributable event as a result of (1) termination of
employment, (2) death, (3) disability, (4) retirement, or (5) a permitted
in-service withdrawal whether made payable to the employee or to the issuer of
the new funding vehicle, and the funds are rolled over into a TSA plan. With
appropriate written documentation satisfactory to us, we will accept rollover
contributions from "conduit IRAs" for TSA funds. See "Rollovers and Transfers"
under "Traditional Individual Retirement Annuities (Traditional IRAs)" in Part 8
of the prospectus.

We will also accept direct transfers of TSA funds pursuant to Revenue Ruling
90-24 provided you provide us with acceptable written documentation as to the
source of the funds. A transfer occurs when changing the funding vehicle, even
if there is no distributable event. A Revenue Ruling 90-24 transfer will not be
treated as such if the recipient contract does not have provisions at least as
restrictive as the source contract. Under a direct transfer, the individual
participant is not involved in the receipt of the distribution.

See "Tax-Deferred Rollovers and Direct Transfers" under "Distributions from
TSAs" below for a further discussion of rollovers and direct transfers.

Employer-Remitted Contributions

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free transfer or tax-deferred rollover
contributions from another 403(b) arrangement are not subject to these annual
contribution limits.) Commonly, some or all of the contributions made to a TSA
are made under a salary reduction agreement between the employee and the
employer. These contributions are called "salary reduction" or "elective
deferral" contributions. However, a TSA can also

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be wholly or partially funded through nonelective employer contributions or
after-tax employee contributions. Amounts attributable to salary reduction
contributions to TSAs are generally subject to withdrawal restrictions. Also,
all contributions invested in a 403(b)(7) custodial account are subject to
withdrawal restrictions discussed below.

DISTRIBUTIONS FROM TSAS

Withdrawal Restrictions

If you have established your TSA through a direct transfer pursuant to Revenue
Ruling 90-24 (as opposed to a rollover from another TSA) restrictions may apply
to all or a portion of your TSA Certificate. Distributions of these restricted
amounts generally may be made only (1) if you attain age 59 1/2, (2) if you die
or become disabled, (3) if you separate from service with the employer that
provided the funds for the TSA or (4) on account of financial hardship. Hardship
withdrawals may be limited. If any portion of the funds directly transferred to
your TSA Certificate is attributable to amounts that were invested in a
403(b)(7) custodial account, all such amounts, including earnings, are subject
to withdrawal restrictions. With respect to the portion of the funds that were
never invested in a 403(b)(7) custodial account, these restrictions apply to the
salary reduction (elective deferral) contributions you made and any earnings
thereon. These restrictions do not apply to the amount directly transferred to
your TSA Certificate which represents your December 31, 1988 account balance
attributable to salary reduction contributions and earnings. To take advantage
of this grandfathering you must properly notify us in writing at our Processing
Office of your December 31, 1988 account balance if you have qualifying amounts
transferred to your TSA Certificate.

Tax Treatment of Distributions

Amounts held under TSAs are generally not subject to Federal income tax until
benefits are distributed. Distributions include withdrawals from the TSA
Certificate and annuity payments from the TSA Certificate. Death benefits paid
to a beneficiary are also taxable distributions. Unless an exception applies,
amounts distributed from TSAs are includable in gross income as ordinary income.
Distributions from TSAs may be subject to 20% Federal income tax withholding.
See "Federal and State Income Tax Withholding and Information Reporting" below.
In addition, TSA distributions may be subject to additional tax penalties. For
information regarding tax penalties which may apply, see "Penalty Tax on
Premature Distributions" and "Tax Penalties for Insufficient Distributions"
later in this section.

If you have made after-tax contributions, for example, you will have a tax basis
in the TSA Certificate which may be recovered. On a total surrender, the amount
received in excess of the basis is taxable. Equitable will report the total
amount of the distribution. It is your responsibility to determine how much of
the distribution is taxable. The amount of any partial distribution from a TSA
prior to the annuity starting date is generally taxable, except to the extent
that the distribution is treated as a withdrawal of after-tax contributions.
Distributions are normally treated as pro rata withdrawals of after-tax
contributions and earnings on those contributions.

If an annuity benefit option is elected, any basis will be recovered as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after the cost basis of
the annuity is recovered is fully taxable. If you (and your beneficiary under a
joint and survivor annuity) die prior to recovering the full cost basis of the
annuity, a deduction is allowed on your (or your beneficiary's) final tax
return.

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Death Benefit

Distributions made on account of your death in a TSA are generally given the
same tax treatment you would have received had distributions been made to you.
In some instances, distributions from a TSA made to your surviving spouse may be
rolled over to a traditional individual retirement arrangement on a tax-deferred
basis. See "Tax-Deferred Rollovers and Direct Transfers," below and
"Contributions to Traditional IRAs" under "Traditional Individual Retirement
Annuities (Traditional IRAs)" in Part 8 of the prospectus.

Loans

Loans may be made from a TSA unless restricted by the employer under a plan
subject to ERISA. Loans are generally not treated as a taxable distribution,
except under the following circumstances. If the amount of the loan exceeds
permissible limits under the Code when made, the amount of the excess is treated
(solely for tax purposes) as a taxable distribution. Additionally, if the loan
is not repaid at least quarterly, amortizing interest and principal, the amount
not repaid when due will be treated as a taxable distribution. Under Proposed
Treasury Regulations the entire unpaid balance of the loan is includable in
income in the year of the default. See "Loans" above and "Certain Rules
Applicable to Plan Loans" below.

Tax-Deferred Rollovers and Direct Transfers

Any distribution from a TSA which is an "eligible rollover distribution" may be
rolled over into another eligible retirement plan, either as a direct rollover
or a rollover within 60 days of receiving the distribution. To the extent a
distribution is rolled over, it remains tax deferred.

A distribution from a TSA may be rolled over to another TSA or traditional
individual retirement arrangement. Death benefits received by a spousal
beneficiary may only be rolled over to a Traditional IRA.

The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under the Code. Distributions which cannot be rolled
over generally include periodic payments for life or for a period of 10 years or
more, and minimum distributions required under Section 401(a)(9) of the Code
(discussed below). Eligible rollover distributions are discussed in greater
detail under "Federal and State Income Tax Withholding and Information
Reporting" below.

Direct transfers of TSA funds from one TSA to another pursuant to Revenue Ruling
90-24 are not distributions.

Minimum Distributions

The minimum distribution rules mandate that TSA participants start taking annual
distributions from their retirement plans by a required date. When minimum
distributions must begin depends on, among other things, your age and retirement
status. The distribution requirements are designed to provide for distribution
of your interest in the TSA plan over your life expectancy. Whether the correct
amount has been distributed is calculated on a year-by-year basis; there are no
provisions to allow amounts taken in excess of the required amount to be carried
over or carried back and credited to other years.

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which you turn age 70 1/2 unless an exception applies). If you choose to delay
taking the first annual minimum distribution, then you will have to take two
minimum distributions in that year - the delayed one for the first year and the
one actually for that year. Once minimum distributions begin, they must be made
at some time every year.

You may be entitled to delay commencement of required minimum distributions for
all or part of your account balance until after age 70 1/2. Consult your tax
adviser to determine whether you may qualify for these exceptions. These
exceptions apply to the following individuals:

o For TSA participants who have not retired from service with the employer
sponsoring the TSA arrangement in question by the calendar year the
participant turns age 70 1/2, the Required Beginning Date for minimum
distributions is extended to April 1 following the calendar year of such
retirement. TSA plan participants may also delay commencement to age 75 of
the portion of their Annuity Account Value attributable to their December
31, 1986 TSA account balance, even if retired at age 70 1/2. (If you have
already transferred amounts from another insurer's TSA to your Equitable
Accumulator TSA, you must tell us at the time of the transfer the amount of
your December 31, 1986 account balance to take advantage of this exception.)

There are two general ways to take minimum distributions -- "account based" or
"annuity based" -- and there are a number of distribution options in both of
these categories. These choices are intended to give you a great deal of
flexibility to provide for yourself and your family.

You should discuss with your tax adviser which minimum distribution options are
best for your own personal situation. Individuals who are participants in more
than one tax-favored retirement plan may be able to choose different
distribution options for each plan.

Generally, the minimum distribution must be calculated annually for, and taken
from, each tax qualified retirement plan and TSA. Distributions in excess of the
amount required in any year from a qualified plan, for example, will not satisfy
the required amount for a TSA in which you also participate. In Notice 88-38,
the IRS indicated that an individual maintaining more than one Code Section
403(b) arrangement may choose to take the annual required minimum distribution
for all TSAs from any one or more TSAs the individual maintains, as long as the
required distribution is calculated separately for each TSA and all other
minimum distribution amounts are added together.

An account-based minimum distribution method may be a lump sum payment, or a
periodic withdrawal made over a period which does not extend beyond your life
expectancy or the joint life expectancies of you and a designated beneficiary.
In the alternative, you could meet the minimum distribution requirements by
applying the Annuity Account Value to an annuity over your life or the joint
lives of you and a designated beneficiary, or for a period certain not extending
beyond applicable life expectancies.

If you die before the Required Beginning Date or before distributions in the
form of an annuity begin, distributions of the entire interest under the TSA
Certificate must be completed within five years after your death, unless
payments to a designated beneficiary begin within one year of your death and are
made over the beneficiary's life or over a period certain which does not extend
beyond the beneficiary's life expectancy. If your surviving spouse is the
designated beneficiary, your spouse may delay the commencement of such payments
up until you would have attained age 70 1/2. In the alternative, such spouse can
roll over the death benefit to a Traditional IRA. See "Tax-Deferred Rollovers
and Direct Transfers" above. If you die after the Required Beginning Date or
after distributions in the form of an annuity have begun, payments after your
death must continue to be made at least as rapidly as the payments made before
your death.

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SPOUSAL CONSENT RULES

In the case of certain TSAs, if you are married at the time a loan, withdrawal,
or other distribution is requested under the TSA Certificate, spousal consent is
required. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a "qualified joint and survivor annuity" (QJSA). A QJSA is an annuity
payable for the life of the Annuitant with a survivor annuity for the life of
the spouse in an amount which is not less than one-half of the amount payable to
the Annuitant during his or her lifetime. In addition, if you are married, the
beneficiary must be your spouse, unless your spouse consents in writing to the
designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death there was a contrary election made. However, your surviving
spouse may elect before payments are to commence, to have payments made in any
form permitted under the terms of the TSA Certificate and the TSA plan.

PENALTY TAX ON PREMATURE DISTRIBUTIONS

The taxable portion of distributions from a TSA will be subject to a 10% penalty
tax unless the distribution is made (1) on or after your death, (2) because you
have become disabled, (3) on or after the date when you reach age 59 1/2, (4) if
you separate from service and elect a payout over your life expectancy (or the
life expectancy of your spouse under a joint and survivor annuity form), (5) on
or after the date you attain age 55 if you are separated from service, or (6) to
pay certain extraordinary medical expenses.

TAX PENALTY FOR INSUFFICIENT DISTRIBUTIONS

Failure to make Minimum Distributions discussed above may cause the
disqualification of the TSA. Disqualification may result in current taxation of
your entire benefit. In addition, a 50% penalty tax is imposed on the difference
between the required distribution amount and the amount actually distributed, if
any.

It is your responsibility as the Certificate Owner to see that the minimum
distributions are made with respect to your TSA Certificate. We do not
automatically make distributions from a TSA Certificate before the Annuity
Commencement Date unless a request has been made. We will notify you during the
year when our records show that you will attain age 70 1/2. If you do not select
a method of distribution, we will assume you are taking your minimum
distribution from another TSA that you maintain. You should consult your tax
adviser concerning these rules and their proper application to your situation.
See "Minimum Distributions" above.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

Equitable Life is required to withhold Federal income tax on the taxable portion
of TSA payments. The rate of withholding will depend on the type of distribution
and, in certain cases, the amount of the distribution. Unless the plan is an
"eligible rollover distribution" from a TSA, the recipient generally may not
elect to be subject to income tax withholding. Compare "Elective Withholding"
and "Mandatory Withholding from TSAs" below.

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Certain states have indicated that pension and annuity withholding will apply to
payments made to residents. Generally, an election out of Federal withholding
will also be considered an election out of state withholding. In some states, a
recipient may elect out of state withholding, even if Federal withholding
applies. It is not clear whether such states may require mandatory withholding
with respect to eligible rollover distributions (described below). Contact your
tax adviser to see how state income tax withholding may apply to your payment.

Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. See your tax adviser if you may be affected
by such rules. Withholding may also apply to taxable amounts paid under a 10-day
free look cancellation.

Elective Withholding

Requests not to withhold Federal income tax must be made in writing prior to
receiving benefits under the TSA Certificate. The Processing Office will provide
forms for this purpose. No election out of withholding is valid unless the
recipient provides us with the correct taxpayer identification number and a
United States residence address.

If a recipient does not have sufficient income tax withheld or does not make
sufficient estimated income tax payments, the recipient may incur penalties
under the estimated income tax rules. Recipients should consult their tax
advisers to determine whether they should elect out of withholding.

Periodic payments are generally subject to wage-bracket type withholding (as if
such payments were wages by an employer to an employee) unless the recipient
elects no withholding. If a recipient does not elect out of withholding or does
not specify the number of withholding exemptions, withholding will generally be
made as if the recipient is married and claiming three withholding exemptions.
There is an annual threshold of taxable income from periodic payments which is
exempt from withholding based on this assumption. For 1998, a recipient of
periodic payments (e.g., monthly or annual payments are not "eligible rollover
distributions") which total less than $14,400 taxable amount will generally be
exempt from Federal income tax withholding, unless the recipient specifies a
different choice of withholding exemption. If a recipient fails to provide a
correct Taxpayer Identification Number, withholding is made as if the recipient
is single with no exemptions.

A recipient of a partial or total non-periodic distribution (other than
"eligible rollover distributions" discussed below) will generally be subject to
withholding at a flat 10% rate. A recipient who provides a United States
residence address and a correct Taxpayer Identification Number will generally be
permitted not to have tax withheld.

All recipients receiving periodic and non-periodic payments will be further
notified of the withholding requirements and of their right, if any, to make
withholding elections.

10
<PAGE>

Mandatory Withholding from TSAs

All "eligible rollover distributions" are subject to mandatory Federal income
tax withholding of 20% unless you elect to have the distribution directly rolled
over to a qualified plan or individual retirement arrangement. The following are
not eligible rollover distributions subject to mandatory 20% withholding:

o any distribution to the extent that the distribution is a "required minimum
distribution" under Section 401(a)(9) of the Code;

o any distribution which is one of a series of substantially equal periodic
payments made not less frequently than annually (1) for your life (or life
expectancy) or the joint lives (or joint life expectancies) of you and your
designated beneficiary, or (2) for a specified period of 10 years or more;

o certain corrective distributions under Code Sections 401(k), 401(m) and
402(g);

o loans that are treated as deemed distributions;

o P.S. 58 costs (incurred if the plan provides life insurance protection for
participants); and

o a distribution to a beneficiary other than to your surviving spouse or your
current or former spouse under a qualified domestic relations order.

If a distribution is made to your surviving spouse, or to your current or former
spouse under a qualified domestic relations order, the distribution may be an
eligible rollover distribution, subject to mandatory 20% withholding, unless one
of the exceptions described above applies.

ERISA MATTERS

ERISA rules are designed to save and protect qualified retirement plan assets to
be paid to plan participants when they retire.

Some TSAs may be subject to Title I of ERISA, generally dependent on the level
of employer involvement in the TSA plan, for example, if the employer makes
matching contributions to salary reduction contributions made by employees.

CERTAIN RULES APPLICABLE TO PLAN LOANS

TSA loans are subject to Code limits and may also be subject to the limits of
the applicable plan. Code requirements apply even if the plan is not subject to
ERISA. For example, loans offered by TSAs are subject to the following
conditions:

o The amount of a loan to a participant, when aggregated with all other loans
to the participant from all qualified plans of the employer, cannot exceed
the greater of $10,000 or 50% of the participant's nonforfeitable accrued
benefits, and cannot exceed $50,000 in any event. This $50,000 limit is
reduced by the excess (if any) of the highest outstanding loan balance over
the previous twelve months over the outstanding loan balance of plan loans
on the date the loan was made.

o In general, the term of the loan cannot exceed five years unless the loan is
used to acquire the participant's primary residence. Equitable Accumulator
TSA Certificates have a term limit of 10 years for loans used to acquire the
participant's primary residence.

11
<PAGE>

o All principal and interest must be amortized in substantially level payments
over the term of the loan, with payments being made at least quarterly.

o If the loan does not qualify under the conditions above, the participant
fails to repay the interest or principal when due, or in some instances, if
the participant separates from service or the plan is terminated, the amount
borrowed and not repaid may be treated as a distribution. The participant
may be required to include as ordinary income the unpaid amount due and a
10% penalty tax on premature distributions may apply. The amount of the
unpaid loan balance is reported to the IRS on Form 1099-R as a distribution.

In addition, certain loan rules apply only to loans under ERISA plans:

o For contracts which are subject to ERISA, the trustee or sponsoring employer
is responsible for insuring that any loan meets applicable Department of
Labor (DOL) requirements. It is the responsibility of the plan
administrator, the trustee of a qualified plan and/or the employer, and not
Equitable Life, to properly administer any loan made to plan participants.

o With respect to specific loans made by the plan to a plan participant, the
plan administrator determines the interest rate, the maximum term consistent
with Equitable Accumulator TSA Processing and all other terms and conditions
of the loan.

o Only 50% of the participant's vested account balance may serve as security
for a loan. To the extent that a participant borrows an amount which should
be secured by more than 50% of the participant's vested account balance, it
is the responsibility of the trustee or plan administrator to obtain the
additional security.

o Each new or renewed loan must bear a reasonable rate of interest
commensurate with the interest rates charged by persons in the business of
lending money for loans that would be made under similar circumstances.

o Loans must be available to all plan participants, former participants (or
death beneficiaries of participants) who still have account balances under
the plan, and alternate payees on a reasonably equivalent basis.

o Plans subject to ERISA provide that the participant's spouse must consent in
writing to the loan.

CERTAIN RULES APPLICABLE TO PLANS DESIGNED TO COMPLY WITH SECTION 404(C) OF
ERISA

Section 404(c) of ERISA, and the related DOL regulations, provide that if a plan
participant or beneficiary exercises control over the assets in his or her plan
account, plan fiduciaries will not be liable for any loss that is the direct and
necessary result of the plan participant's or beneficiary's exercise of control.
As a result, if the plan complies with Section 404(c) and the DOL regulation
thereunder, the plan participant can make and is responsible for the results of
his or her own investment decisions.

Section 404(c) plans must provide, among other things, that a broad range of
investments choices are available to plan participants and beneficiaries and
must provide such plan participants and beneficiaries with enough information to
make informed investment decisions. Compliance with the Section 404(c)
regulation is completely voluntary by the plan sponsor, and the plan sponsor may
choose not to comply with Section 404(c).

12
<PAGE>

The Equitable Accumulator TSA program provides the broad range of investment
choices and information needed in order to meet the requirements of the Section
404(c) regulation. If the plan is intended to be a Section 404(c) plan, it is,
however, the plan sponsor's responsibility to see that the requirements of the
DOL regulation are met. Equitable Life and its representatives shall not be
responsible if a plan fails to meet the requirements of Section 404(c).

<PAGE>

TAX SHELTERED ANNUITY

SUPPLEMENT TO EQUITABLE ACCUMULATOR(SM)
(IRA, NQ AND QP) PROSPECTUS DATED MAY 1, 1998

COMBINATION VARIABLE AND FIXED DEFERRED ANNUITY CERTIFICATES

Issued By:
The Equitable Life Assurance Society of the United States
- --------------------------------------------------------------------------------

GENERAL TERMS

Under "General Terms" and throughout the prospectus, the definition of the
following terms is changed under TSA Certificates:

ANNUITY ACCOUNT VALUE -- The sum of the amounts in the Investment Options, plus
any amount in a loan reserve account (an amount we will establish as security
for the repayment of your loan).

CASH VALUE -- The Annuity Account Value minus any outstanding loan balance, and
less any withdrawal charges.

PARTICIPANT/EMPLOYEE -- A current or former participant under a TSA plan of an
eligible employer.

AVAILABILITY OF CERTIFICATES

Equitable Accumulator TSA Certificates may not currently be available in your
state. Your registered representative can provide information about state
availability or you may contact our Processing Office.

OWNER AND ANNUITANT

- --------------------------------------------------------------------------------
Copyright 1998 The Equitable Life Assurance Society of the United States,
New York, New York 10104.
All rights reserved.
Accumulator is a service mark and Income Manager
is a registered service mark of
The Equitable Life Assurance Society of the United States.

SUPPLEMENT DATED , 1998

PROS 1A SUPP2 (5/98)

<PAGE>

CONTRIBUTIONS TO TSAS

GUARANTEED MINIMUM INCOME BENEFIT

ANNUITY BENEFITS AND PAYOUT ANNUITY OPTIONS

WITHDRAWAL OPTIONS

2
<PAGE>

LOANS

When available, you can request a loan by submitting a properly completed loan
request form that will be available from your registered representative or from
our Processing Office. You should read the terms and conditions of the loan
request form carefully and consult with your tax adviser before taking out a
loan. Under TSA Certificates subject to ERISA, the written consent of your
spouse will be required before a loan can be made. Further details of the loan
provision are provided in your Certificate. Also, see "Federal Tax and ERISA
Matters" below for general rules applicable to loans.

EFFECTS OF LOANS ON YOUR CERTIFICATE BENEFITS

Guaranteed Minimum Death Benefit

If there is a loan outstanding as of the date of the Annuitant's death, the
death benefit payable will be reduced by the amount of the outstanding loan and
accrued interest.

3
<PAGE>

While a loan is outstanding, your Guaranteed Minimum Death Benefit (if based on
the 6% Roll Up to Age 80 benefit) will be credited with interest at 6% (4% for
amounts in the Alliance Money Market Fund except as indicated in the prospectus,
the Guarantee Periods, and the loan reserve account) on each Contract Date
anniversary through the Annuitant's age 80 (or at the Annuitant's death, if
earlier), and 0% thereafter, and will be adjusted for any loan repayments,
subsequent contributions and withdrawals. See "Death Benefit" in Part 4 of the
prospectus.

Guaranteed Minimum Income Benefit

While a loan is outstanding your Guaranteed Minimum Income Benefit benefit base
will be credited with interest at 6% (4% for amounts in the Alliance Money
Market Fund except as indicated in the prospectus, the Guarantee Periods, and
the loan reserve account), on each Contract Date anniversary through the
Annuitant's age 80, and 0% thereafter, and will be adjusted for any loan
repayments, subsequent contributions and withdrawals. The Guaranteed Minimum
Income Benefit benefit base will be reduced by any outstanding loan balance and
any withdrawal charge remaining on the Transaction Date that you exercise your
Guaranteed Minimum Income Benefit. See "Guaranteed Minimum Income Benefit
Benefit Base" in Part 5 of the prospectus.

Withdrawal Options

SPOUSAL CONSENT

ASSIGNMENTS

TSA Certificates are not assignable or transferable except through surrender to
us.

4
<PAGE>

FEDERAL TAX AND ERISA MATTERS

General

Two different types of employers are eligible to maintain 403(b) plans: (1)
public schools and (2) specified tax-exempt organizations under Section
501(c)(3) of the Code.

CONTRIBUTIONS TO TSAS

Individuals may make three different types of contributions to purchase a TSA:
(1) ) "rollover" contributions from other TSAs or under certain circumstances,
IRAs, (2) ) direct transfers from other TSAs, or (3) "employer-remitted
contributions" which may be pure employee salary reduction contributions or pure
employer defined contributions or a combination of salary reduction and employer
contributions. Because only rollover or direct transfer contributions are
permitted under the Equitable Accumulator TSA Certificates, the discussion below
of employer-remitted contributions to TSAs is limited. The discussion is
provided only for purposes of describing restrictions on distribution of funds
rolled over or transferred, which may include employer-remitted contributions
made under prior contracts. See "Distributions from TSAs" below.

Rollover or Direct Transfer Contributions

See "Tax-Deferred Rollovers and Direct Transfers" under "Distributions from
TSAs" below for a further discussion of rollovers and direct transfers.

Employer-Remitted Contributions

5
<PAGE>

DISTRIBUTIONS FROM TSAS

Withdrawal Restrictions

Tax Treatment of Distributions

6
<PAGE>

Death Benefit

Loans

Tax-Deferred Rollovers and Direct Transfers

Direct transfers of TSA funds from one TSA to another pursuant to Revenue Ruling
90-24 are not distributions.

Minimum Distributions

7
<PAGE>

the "Required Beginning Date," which is the April 1st of the calendar year
following the calendar year in which you turn age 70 1/2 unless an exception
applies). If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year - the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made at some time every year.

8
<PAGE>

annuity have begun, payments after your death must continue to be made at least
as rapidly as the payments made before your death.

SPOUSAL CONSENT RULES

PENALTY TAX ON PREMATURE DISTRIBUTIONS

TAX PENALTY FOR INSUFFICIENT DISTRIBUTIONS

9
<PAGE>

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

Elective Withholding

All recipients receiving periodic and non-periodic payments will be further
notified of the withholding requirements and of their right, if any, to make
withholding elections.

10
<PAGE>

Mandatory Withholding from TSAs

o any distribution to the extent that the distribution is a "required minimum
distribution" under Section 401(a)(9) of the Code;

o certain corrective distributions under Code Sections 401(k), 401(m) and
402(g);

o loans that are treated as deemed distributions;

o P.S. 58 costs (incurred if the plan provides life insurance protection for
participants); and

o a distribution to a beneficiary other than to your surviving spouse or your
current or former spouse under a qualified domestic relations order.

ERISA MATTERS

ERISA rules are designed to save and protect qualified retirement plan assets to
be paid to plan participants when they retire.

CERTAIN RULES APPLICABLE TO PLAN LOANS

11
<PAGE>

o All principal and interest must be amortized in substantially level payments
over the term of the loan, with payments being made at least quarterly.

In addition, certain loan rules apply only to loans under ERISA plans:

o Plans subject to ERISA provide that the participant's spouse must consent in
writing to the loan.

CERTAIN RULES APPLICABLE TO PLANS DESIGNED TO COMPLY WITH SECTION 404(C) OF
ERISA

12
<PAGE>

<PAGE>

TAX SHELTERED ANNUITY

SUPPLEMENT TO EQUITABLE ACCUMULATOR(SM)
(IRA, NQ AND QP) PROSPECTUS DATED MAY 1, 1998

COMBINATION VARIABLE AND FIXED DEFERRED ANNUITY CERTIFICATES

Issued By:
The Equitable Life Assurance Society of the United States
- --------------------------------------------------------------------------------

GENERAL TERMS

Under "General Terms" and throughout the prospectus, the definition of the
following terms is changed under TSA Certificates:

ANNUITY ACCOUNT VALUE -- The sum of the amounts in the Investment Options, plus
any amount in a loan reserve account (an amount we will establish as security
for the repayment of your loan).

CASH VALUE -- The Annuity Account Value minus any outstanding loan balance, and
less any withdrawal charges.

PARTICIPANT/EMPLOYEE -- A current or former participant under a TSA plan of an
eligible employer.

AVAILABILITY OF CERTIFICATES

OWNER AND ANNUITANT

- --------------------------------------------------------------------------------
Copyright 1998 The Equitable Life Assurance Society of the United States,
New York, New York 10104. All rights reserved. Accumulator is a
service mark and Income Manager is a registered service mark of
The Equitable Life Assurance Society of the United States.

SUPPLEMENT DATED , 1998

PROS 1AML SUPP2 (5/98)

<PAGE>

CONTRIBUTIONS TO TSAS

GUARANTEED MINIMUM INCOME BENEFIT

Under Equitable Accumulator TSA Certificates, the Guaranteed Minimum Income
Benefit may be exercised, on Contract Date anniversaries as indicated under
"Guaranteed Minimum Income Benefit" in Part 3 of the prospectus, only after the
Certificate Owner converts such TSA Certificate in a direct rollover to a
Traditional IRA Certificate according to our rules at the time of change. The
rollover to a Traditional IRA Certificate may only occur when the Annuitant will
no longer be a Participant/Employee in the TSA plan.

ANNUITY BENEFITS AND PAYOUT ANNUITY OPTIONS

WITHDRAWAL OPTIONS

Under certain TSAs, if you are married at the time you request a withdrawal (as
described under "Withdrawal Options" in Part 4 of the prospectus), spousal
consent is required before taking a withdrawal from your TSA Certificate. See
"Spousal Consent" below.

2
<PAGE>

LOANS

Loans under TSA Certificates are restricted by the rules of the Code, and where
applicable, ERISA. In addition, ERISA rules apply to loans under individual TSA
Certificates where the TSA plan is subject to Title I of ERISA. Loans are not
available under TSA Certificates when the Minimum Distribution Withdrawals
option is in effect. See "Minimum Distribution Withdrawals" in Part 4 of the
prospectus and "Minimum Distributions" below.

EFFECTS OF LOANS ON YOUR CERTIFICATE BENEFITS

Guaranteed Minimum Death Benefit

If there is a loan outstanding as of the date of the Annuitant's death, the
death benefit payable will be reduced by the amount of the outstanding loan and
accrued interest.

<PAGE>

Guaranteed Minimum Income Benefit

While a loan is outstanding your Guaranteed Minimum Income Benefit benefit base
will be credited with interest at 6% (4% for amounts in the Alliance Money
Market Fund except as indicated in the prospectus, the Guarantee Periods, and
the loan reserve account), on each Contract Date anniversary through the
Annuitant's age 80, and 0% thereafter, and will be adjusted for any loan
repayments, subsequent contributions and withdrawals. The Guaranteed Minimum
Income Benefit benefit base will be reduced by any outstanding loan balance and
any withdrawal charge remaining on the Transaction Date that you exercise your
Guaranteed Minimum Income Benefit. See "Guaranteed Minimum Income Benefit
Benefit Base" in Part 4 of the prospectus.

Withdrawal Options

SPOUSAL CONSENT

ASSIGNMENTS

TSA Certificates are not assignable or transferable except through surrender to
us.

4
<PAGE>

FEDERAL TAX AND ERISA MATTERS

General

Two different types of employers are eligible to maintain 403(b) plans: (1)
public schools and (2) specified tax-exempt organizations under Section
501(c)(3) of the Code.

CONTRIBUTIONS TO TSAS

Rollover or Direct Transfer Contributions

See "Tax-Deferred Rollovers and Direct Transfers" under "Distributions from
TSAs" below for a further discussion of rollovers and direct transfers.

Employer-Remitted Contributions

<PAGE>

DISTRIBUTIONS FROM TSAS

Withdrawal Restrictions

Tax Treatment of Distributions

<PAGE>

Death Benefit

Loans

Tax-Deferred Rollovers and Direct Transfers

Direct transfers of TSA funds from one TSA to another pursuant to Revenue Ruling
90-24 are not distributions.

Minimum Distributions

<PAGE>

minimum distribution during the calendar year you turn age 70 1/2, or to delay
taking it until the three-month (January 1 - April 1) period in the next
calendar year. (Distributions must commence no later than the "Required
Beginning Date," which is the April 1st of the calendar year following the
calendar year in which you turn age 70 1/2 unless an exception applies). If you
choose to delay taking the first annual minimum distribution, then you will have
to take two minimum distributions in that year - the delayed one for the first
year and the one actually for that year. Once minimum distributions begin, they
must be made at some time every year.

<PAGE>

Transfers" above. If you die after the Required Beginning Date or after
distributions in the form of an annuity have begun, payments after your death
must continue to be made at least as rapidly as the payments made before your
death.

SPOUSAL CONSENT RULES

PENALTY TAX ON PREMATURE DISTRIBUTIONS

TAX PENALTY FOR INSUFFICIENT DISTRIBUTIONS

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

<PAGE>

not elect to be subject to income tax withholding. Compare "Elective
Withholding" and "Mandatory Withholding from TSAs" below.

Elective Withholding

All recipients receiving periodic and non-periodic payments will be further
notified of the withholding requirements and of their right, if any, to make
withholding elections.

Mandatory Withholding from TSAs

<PAGE>

o any distribution to the extent that the distribution is a "required
minimum distribution" under Section 401(a)(9) of the Code;

o any distribution which is one of a series of substantially equal periodic
payments made not less frequently than annually (1) for your life (or life
expectancy) or the joint lives (or joint life expectancies) of you and
your designated beneficiary, or (2) for a specified period of 10 years or
more;

o certain corrective distributions under Code Sections 401(k), 401(m) and
402(g);

o loans that are treated as deemed distributions;

o P.S. 58 costs (incurred if the plan provides life insurance protection for
participants); and

o a distribution to a beneficiary other than to your surviving spouse or
your current or former spouse under a qualified domestic relations order.

ERISA MATTERS

ERISA rules are designed to save and protect qualified retirement plan assets to
be paid to plan participants when they retire.

CERTAIN RULES APPLICABLE TO PLAN LOANS

o The amount of a loan to a participant, when aggregated with all other
loans to the participant from all qualified plans of the employer, cannot
exceed the greater of $10,000 or 50% of the participant's nonforfeitable
accrued benefits, and cannot exceed $50,000 in any event. This $50,000
limit is reduced by the excess (if any) of the highest outstanding loan
balance over the previous twelve months over the outstanding loan balance
of plan loans on the date the loan was made.

o In general, the term of the loan cannot exceed five years unless the loan
is used to acquire the participant's primary residence. Equitable
Accumulator TSA Certificates have a term limit of 10 years for loans used
to acquire the participant's primary residence.

o All principal and interest must be amortized in substantially level
payments over the term of the loan, with payments being made at least
quarterly.

<PAGE>

be required to include as ordinary income the unpaid amount due and a 10%
penalty tax on premature distributions may apply. The amount of the unpaid
loan balance is reported to the IRS on Form 1099-R as a distribution.

In addition, certain loan rules apply only to loans under ERISA plans:

o For contracts which are subject to ERISA, the trustee or sponsoring
employer is responsible for insuring that any loan meets applicable
Department of Labor (DOL) requirements. It is the responsibility of the
plan administrator, the trustee of a qualified plan and/or the employer,
and not Equitable Life, to properly administer any loan made to plan
participants.

o With respect to specific loans made by the plan to a plan participant, the
plan administrator determines the interest rate, the maximum term
consistent with Equitable Accumulator TSA Processing and all other terms
and conditions of the loan.

o Only 50% of the participant's vested account balance may serve as security
for a loan. To the extent that a participant borrows an amount which
should be secured by more than 50% of the participant's vested account
balance, it is the responsibility of the trustee or plan administrator to
obtain the additional security.

o Plans subject to ERISA provide that the participant's spouse must consent
in writing to the loan.

CERTAIN RULES APPLICABLE TO PLANS DESIGNED TO COMPLY WITH SECTION 404(C) OF
ERISA

12
<PAGE>

<PAGE>

TAX SHELTERED ANNUITY

SUPPLEMENT TO EQUITABLE ACCUMULATOR(SM) SELECT
(IRA, NQ AND QP) PROSPECTUS DATED MAY 1, 1998

COMBINATION VARIABLE AND FIXED DEFERRED ANNUITY CERTIFICATES

Issued By:
The Equitable Life Assurance Society of the United States
- --------------------------------------------------------------------------------

This prospectus supplement describes terms applicable to Equitable Accumulator
Select TSA Certificates purchased as a Code Section 403(b) tax-sheltered annuity
(TSA). Under Equitable Accumulator Select TSA Certificates, we will only accept
contributions that are rollover contributions or direct transfers as described
below. The information below adds to or changes the information in the
prospectus. Unless otherwise indicated, all other information included in the
prospectus remains unchanged. Capitalized terms in this supplement have the same
meaning as in the prospectus.

GENERAL TERMS

Under "General Terms" and throughout the prospectus, the definition of the
following terms is changed under TSA Certificates:

ANNUITY ACCOUNT VALUE -- The sum of the amounts in the Investment Options, plus
any amount in a loan reserve account (an amount we will establish as security
for the repayment of your loan.)

CASH VALUE -- The Annuity Account Value minus any outstanding loan balance.

PARTICIPANT/EMPLOYEE -- A current or former participant under a TSA plan of an
eligible employer.

AVAILABILITY OF CERTIFICATES

Equitable Accumulator Select TSA Certificates are available for purchase by
current or former employees of public schools, higher education institutions,
and nonprofit tax exempt organizations under Code Section 501(c)(3). TSA
Certificates are available for Annuitant issue ages 20 through 85.

Equitable Accumulator Select TSA Certificates may not currently be available in
your state. Your registered representative can provide information about state
availability or you may contact our Processing Office.

OWNER AND ANNUITANT

SUPPLEMENT DATED , 1998

PROS 4ACS SUPP2 (5/98)

<PAGE>

CONTRIBUTIONS TO TSAS

An initial rollover or direct transfer contribution of at least $25,000 is
required to put a TSA Certificate into effect. Subsequent rollover or direct
transfer contributions in an amount of at least $1,000 may be made at any time
until you attain age 86.

Contributions to your TSA Certificate may be made in the form of (i) a rollover
from another TSA contract or arrangement that meets the requirements of Section
403(b) of the Code, or (ii) a direct transfer of assets ("direct transfer"), in
full or partially, from another contract or arrangement that meets the
requirements of Section 403(b) of the Code directly to an Equitable Accumulator
Select TSA Certificate, by means of IRS Revenue Ruling 90-24. A transfer form
acceptable to us will be required.

GUARANTEED MINIMUM INCOME BENEFIT

Under Equitable Accumulator Select TSA Certificates, the Guaranteed Minimum
Income Benefit may be exercised, on Contract Date anniversaries as indicated
under "Guaranteed Minimum Income Benefit" in Part 3 of the prospectus, only
after the Certificate Owner converts such TSA Certificate in a direct rollover
to a Traditional IRA Certificate according to our rules at the time of change.
The rollover to a Traditional IRA Certificate may only occur when the Annuitant
will no longer be a Participant/Employee in the TSA plan.

ANNUITY BENEFITS AND PAYOUT ANNUITY OPTIONS

WITHDRAWAL OPTIONS

2
<PAGE>

LOANS

The loan provision is not currently available under Equitable Accumulator Select
TSA Certificates, but is expected to become available in early 1999. The
following is provided for your general information concerning the operation of
the loan provision and the effect of a loan on your Certificate's values once
the loan provision becomes available under your TSA Certificate.

Loans under TSA Certificates are restricted by the rules of the Code, and where
applicable, ERISA. In addition, ERISA rules apply to loans under individual TSA
Certificates where the TSA plan is subject to Title I of ERISA. Loans are not
available under TSA Certificates when the Minimum Distribution Withdrawals
option is in effect. See "Minimum Distribution Withdrawals" in Part 4 of the
prospectus and "Minimum Distributions" below.

Under Equitable Accumulator Select TSA Certificates, only one outstanding loan
at a time will be permitted. The minimum loan amount will be $1,000 and the
maximum amount will be $50,000 or, if less, 50% of the Annuity Account Value,
subject to any limits under the Code. The term of a TSA loan is five years
unless the loan is used to acquire your primary residence. The limit for loans
used to purchase your primary residence is 10 years under Equitable Accumulator
Select TSA Certificates. The loan term under TSA Certificates may not extend
beyond the earliest of; (1) election and commencement of annuity benefits, (2)
the date of termination of the Certificate, and (3) the date a death benefit is
paid.

EFFECTS OF LOANS ON YOUR CERTIFICATE BENEFITS

Guaranteed Minimum Death Benefit

If there is a loan outstanding as of the date of the Annuitant's death, the
death benefit payable will be reduced by the amount of the outstanding loan and
accrued interest.

3
<PAGE>

Guaranteed Minimum Income Benefit

While a loan is outstanding your Guaranteed Minimum Income Benefit benefit base
will be credited with interest at 6% (4% for amounts in the Alliance Money
Market Fund except as indicated in the prospectus, the Guarantee Periods, and
the loan reserve account), on each Contract Date anniversary through the
Annuitant's age 80, and 0% thereafter, and will be adjusted for any loan
repayments, subsequent contributions and withdrawals. The Guaranteed Minimum
Income Benefit benefit base will be reduced by any outstanding loan balance
remaining on the Transaction Date that you exercise your Guaranteed Minimum
Income Benefit. See "Guaranteed Minimum Income Benefit Benefit Base" in Part 4
of the prospectus.

Withdrawal Options

SPOUSAL CONSENT

ASSIGNMENTS

TSA Certificates are not assignable or transferable except through surrender to
us.

4
<PAGE>

FEDERAL TAX AND ERISA MATTERS

General

Two different types of employers are eligible to maintain 403(b) plans: (1)
public schools and (2) specified tax-exempt organizations under Section
501(c)(3) of the Code.

CONTRIBUTIONS TO TSAS

Individuals may make three different types of contributions to purchase a TSA:
(1) "rollover" contributions from other TSAs or under certain circumstances,
IRAs, (2) direct transfers from other TSAs, or (3) "employer-remitted
contributions" which may be pure employee salary reduction contributions or pure
employer defined contributions or a combination of salary reduction and employer
contributions. Because only rollover or direct transfer contributions are
permitted under the Equitable Accumulator Select TSA Certificates, the
discussion below of employer-remitted contributions to TSAs is limited. The
discussion is provided only for purposes of describing restrictions on
distribution of funds rolled over or transferred, which may include
employer-remitted contributions made under prior contracts. See "Distributions
from TSAs" below.

Rollover or Direct Transfer Contributions

Rollover contributions may be made to your Equitable Accumulator Select TSA
Certificate from TSAs under Section 403(b) of the Code. A rollover contribution
occurs when an employee has a distributable event as a result of (1) termination
of employment, (2) death, (3) disability, (4) retirement, or (5) a permitted
in-service withdrawal whether made payable to the employee or to the issuer of
the new funding vehicle, and the funds are rolled over into a TSA plan. With
appropriate written documentation satisfactory to us, we will accept rollover
contributions from "conduit IRAs" for TSA funds. See "Rollovers and Transfers"
under "Traditional Individual Retirement Annuities (Traditional IRAs)" in Part 8
of the prospectus.

See "Tax-Deferred Rollovers and Direct Transfers" under "Distributions from
TSAs" below for a further discussion of rollovers and direct transfers.

Employer-Remitted Contributions

5
<PAGE>

are made under a salary reduction agreement between the employee and the
employer. These contributions are called "salary reduction" or "elective
deferral" contributions. However, a TSA can also be wholly or partially funded
through nonelective employer contributions or after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all contributions invested in a
403(b)(7) custodial account are subject to withdrawal restrictions discussed
below.

DISTRIBUTIONS FROM TSAS

Withdrawal Restrictions

Tax Treatment of Distributions

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fully taxable. If you (and your beneficiary under a joint and survivor annuity)
die prior to recovering the full cost basis of the annuity, a deduction is
allowed on your (or your beneficiary's) final tax return.

Death Benefit

Loans

Tax-Deferred Rollovers and Direct Transfers

Direct transfers of TSA funds from one TSA to another pursuant to Revenue Ruling
90-24 are not distributions.

Minimum Distributions

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Generally, you must take the first required minimum distribution with respect to
the calendar year in which you turn age 70 1/2. Exceptions which may permit you
to delay commencement of required minimum distributions are noted in the next
paragraphs. You have the choice to take the first required minimum distribution
during the calendar year you turn age 70 1/2, or to delay taking it until the
three-month (January 1 - April 1) period in the next calendar year.
(Distributions must commence no later than the "Required Beginning Date," which
is the April 1st of the calendar year following the calendar year in which you
turn age 70 1/2 unless an exception applies). If you choose to delay taking the
first annual minimum distribution, then you will have to take two minimum
distributions in that year - the delayed one for the first year and the one
actually for that year. Once minimum distributions begin, they must be made at
some time every year.

o For TSA participants who have not retired from service with the employer
sponsoring the TSA arrangement in question by the calendar year the
participant turns age 70 1/2, the Required Beginning Date for minimum
distributions is extended to April 1 following the calendar year of such
retirement. TSA plan participants may also delay commencement to age 75 of
the portion of their Annuity Account Value attributable to their December
31, 1986 TSA account balance, even if retired at age 70 1/2. (If you have
already transferred amounts from another insurer's TSA to your Equitable
Accumulator Select TSA, you must tell us at the time of the transfer the
amount of your December 31, 1986 account balance to take advantage of this
exception.)

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expectancy. If your surviving spouse is the designated beneficiary, your spouse
may delay the commencement of such payments up until you would have attained age
70 1/2. In the alternative, such spouse can roll over the death benefit to a
Traditional IRA. See "Tax-Deferred Rollovers and Direct Transfers" above. If you
die after the Required Beginning Date or after distributions in the form of an
annuity have begun, payments after your death must continue to be made at least
as rapidly as the payments made before your death.

SPOUSAL CONSENT RULES

PENALTY TAX ON PREMATURE DISTRIBUTIONS

TAX PENALTY FOR INSUFFICIENT DISTRIBUTIONS

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FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

Elective Withholding

All recipients receiving periodic and non-periodic payments will be further
notified of the withholding requirements and of their right, if any, to make
withholding elections.

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Mandatory Withholding from TSAs

o any distribution to the extent that the distribution is a "required minimum
distribution" under Section 401(a)(9) of the Code;

o certain corrective distributions under Code Sections 401(k), 401(m) and
402(g);

o loans that are treated as deemed distributions;

o P.S. 58 costs (incurred if the plan provides life insurance protection for
participants); and

o a distribution to a beneficiary other than to your surviving spouse or your
current or former spouse under a qualified domestic relations order.

ERISA MATTERS

ERISA rules are designed to save and protect qualified retirement plan assets to
be paid to plan participants when they retire.

CERTAIN RULES APPLICABLE TO PLAN LOANS

o In general, the term of the loan cannot exceed five years unless the loan is
used to acquire the participant's primary residence. Equitable Accumulator
Select TSA Certificates have a term limit of 10 years for loans used to
acquire the participant's primary residence.

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o All principal and interest must be amortized in substantially level payments
over the term of the loan, with payments being made at least quarterly.

In addition, certain loan rules apply only to loans under ERISA plans:

o With respect to specific loans made by the plan to a plan participant, the
plan administrator determines the interest rate, the maximum term consistent
with Equitable Accumulator Select TSA Processing and all other terms and
conditions of the loan.

o Plans subject to ERISA provide that the participant's spouse must consent in
writing to the loan.

CERTAIN RULES APPLICABLE TO PLANS DESIGNED TO COMPLY WITH SECTION 404(C) OF
ERISA

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The Equitable Accumulator Select TSA program provides the broad range of
investment choices and information needed in order to meet the requirements of
the Section 404(c) regulation. If the plan is intended to be a Section 404(c)
plan, it is, however, the plan sponsor's responsibility to see that the
requirements of the DOL regulation are met. Equitable Life and its
representatives shall not be responsible if a plan fails to meet the
requirements of Section 404(c).

<PAGE>

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

This Part II is amended solely for the purpose of adding Exhibits 4(b)(b),
4(c)(c), 4(d)(d), 4(e)(e) and 4(f)(f), to Item 16, and filing such exhibits
herewith. No amendment or deletion is made of any of the other information set
forth under the Part II Items as provided in Post-Effective Amendment No. 4 to
the Registration Statement.

Item 16. Exhibits

4(b)(b) Form of Data pages for Equitable Accumulator TSA incorporated
by reference to Exhibit No. 4(s) to the Registration
Statement on Form N-4 (File No. 33-05593) filed on May 22,
1998.

(c)(c) Form of Data pages for Equitable Accumulator Select TSA
incorporated by reference to Exhibit 4(k) to the Registration
Statement on Form N-4 (File No. 333-31131) filed on May 22,
1998.

(d)(d) Form of Data pages for Equitable Accumulator TSA incorporated
by reference to Exhibit No. 4(v) to the Registration State-
ment on Form N-4 (File No. 33-83750) filed on May 22, 1998.

(e)(e) Form of Endorsement Applicable to TSA Certificates incor-
porated by reference to Exhibit 4(t) to the Registration
Statement on Form N-4 (File No. 333-05593) filed on May 22,
1998.

(f)(f) Form of Enrollment Form/Application for Equitable Accumulator
(IRA, NQ, QP and TSA) incorporated by reference to Exhibit
No. 5(f) to the Registration Statement on Form N-4 (File No.
333-05593) filed on May 22, 1998.

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<PAGE>

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-3 and has duly caused this
Registration Statement or amendment thereto to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City and State of New York, on
May 22, 1998.

THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE
UNITED STATES
(Registrant)

By: /s/ Jerome S. Golden
-------------------
Jerome S. Golden
Executive Vice President
Product Management Group
The Equitable Life Assurance Society
of the United States

Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement or amendment thereto has been signed by or on behalf of
the following persons in the capacities and on the date indicated.

PRINCIPAL EXECUTIVE OFFICERS:

<S> <C>
Michael Hegarty President, Chief Operating Officer and Director

Edward D. Miller Chairman of the Board, Chief Executive Officer and Director

PRINCIPAL FINANCIAL OFFICER:

Stanley B. Tulin Vice Chairman of the Board, Chief Financial Officer and Director

PRINCIPAL ACCOUNTING OFFICER:

/s/ Alvin H. Fenichel Senior Vice President and Controller
- ---------------------
Alvin H. Fenichel
May 22, 1998

</TABLE>

DIRECTORS:

Francoise Colloc'h Donald J. Greene George T. Lowy
Henri de Castries John T. Hartley Edward D. Miller
Joseph L. Dionne John H.F. Haskell, Jr. Didier Pineau-Valencienne
Denis Duverne Michael Hegarty George J. Sella, Jr.
William T. Esrey Mary R. (Nina) Henderson Stanley B. Tulin
Jean-Rene Fourtou W. Edwin Jarmain Dave H. Williams
Norman C. Francis G. Donald Johnston, Jr.

By: /s/Jerome S. Golden
-------------------
Jerome S. Golden
Attorney-in-Fact
May 22, 1998

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