Registration No. 33-76030
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |_|
Pre-Effective Amendment No.___ |_|
Post-Effective Amendment No. 7 |X|
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AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |_|
Amendment No.___ |_|
(Check appropriate box or boxes)
--------------------------------
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
(Exact Name of Registrant)
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THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
(Name of Depositor)
1290 Avenue of the Americas, New York, New York 10104
(Address of Depositor's Principal Executive Offices)
Depositor's Telephone Number, including Area Code: (212) 554-1234
-------------------------
MARY JOAN HOENE
VICE PRESIDENT AND COUNSEL
The Equitable Life Assurance Society of the United States
1290 Avenue of the Americas, New York, New York 10104
(Names and Addresses of Agents for Service)
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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
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<PAGE>
Approximate Date of Proposed Public Offering: Continuous
It is proposed that this filing will become effective (check
appropriate box):
|X| Immediately upon filing pursuant to paragraph (b) of Rule 485.
|_| On (date) pursuant to paragraph (b) of Rule 485.
|_| 60 days after filing pursuant to paragraph (a)(1) of Rule 485.
|_| On (date) pursuant to paragraph (a)(1) of Rule 485.
|_| 75 days after filing pursuant to paragraph (a)(2) of Rule 485.
|_| On (date) pursuant to paragraph (a)(3) of Rule 485.
If appropriate, check the following box:
|_| This post-effective amendment designates a new effective date for
previously filed post-effective amendment.
Title of securities being registered:
Units of interest in separate accounts under variable annuity contracts
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C-ii
<PAGE>
NOTE
This Post-Effective Amendment No. 7 ("PEA") to the Form N-4 Registration
Statement No. 33-76030 ("Registration Statement") of the Equitable Life
Assurance Society of the United States ("Equitable Life") is being filed solely
for the purpose of updating certain disclosures and including in the
Registration Statement a supplement relating to additional Separate Account No.
66 variable investment options for new mutual fund portfolios, related exhibits,
and a substitution supplement. The PEA does not amend or delete the Retirement
Investment Account Prospectus or Statement of Additional Information, dated May
4 1999, any supplement thereto, or any other part of the Registration Statement.
<PAGE>
SUBSTITUTION OF NEW PORTFOLIOS OF EQ ADVISORS TRUST
FOR PORTFOLIOS OF THE HUDSON RIVER TRUST
Supplement dated August 30, 1999
to prospectuses dated May 1,1999 or later
for Variable Annuity Contracts issued by
The Equitable Life Assurance Society of the United States
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This supplement relates to our current prospectuses for:
o Members Retirement Program(R) - Separate Account No. 51.
o Retirement Investment Account(R) ("RIA") - Separate Account No. 51
Currently, each Fund of Separate Account No. 51 invests in Class IA shares of a
corresponding Portfolio of The Hudson River Trust.
The Securities and Exchange Commission has published a notice of our filing of
an application for an order of exemption permitting the transfer of assets
involved in the Substitution of new Portfolios of EQ Advisors Trust for
Portfolios of The Hudson River Trust. The new Portfolios that will be available
under Separate Account No. 51 will replace each of The Hudson River Trust
Portfolios currently available. We expect the order to be issued in September
1999. The proposed Substitution is discussed in the prospectuses dated May 1,
1999 or later for the Members Retirement Program and the RIA program.
We plan to effect the Substitution on or about October 1, 1999. At that time,
the assets of each of the Portfolios of The Hudson River Trust will be
transferred to the corresponding new Portfolios of EQ Advisors Trust. The Class
IA shares of The Hudson River Trust will become Class IA shares of EQ Advisors
Trust. At the time the Substitution is effected, the value of your Funds in
Separate Account No. 51 will be the same as immediately before the Substitution.
We will send you written confirmation that the Substitution has been completed.
After that, your investment results in Separate Account No. 51 will be based on
the investment performance of the corresponding EQ Advisors Trust Portfolios.
The Hudson River Trust Portfolios will no longer be available.
The management fees for the new Portfolios will be the same as those for the
corresponding Portfolios of The Hudson River Trust. It is expected that the
other Portfolio expenses may increase marginally by 0.01%.
Of course, you may make transfers among the investment options, as usual.
If you have any questions regarding the Substitution, please communicate with us
directly or contact one of our Account Executives.
Copyright 1999. The Equitable Life Assurance Society of the United States.
All rights reserved. Members Retirement Program and Retirement Investment
Account are a registered service marks of The Equitable
Life Assurance Society of the United States.
888-1216
<PAGE>
Retirement Investment Account(R)
SUPPLEMENT DATED AUGUST 30, 1999
TO THE PROSPECTUS DATED MAY 4, 1999
This supplement adds and modifies certain information contained in the
prospectus dated May 4, 1999 for the Retirement Investment Account issued by THE
EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES.
You should read this supplement together with the prospectus. Terms used in this
supplement have the same meaning as they do in the prospectus, unless we
indicate otherwise. This supplement provides information on:
(1) the following 12 new Funds available under the Retirement Investment
Account contract: EQ/Alliance Premier Growth, Calvert Socially Responsible,
Capital Guardian International, Capital Guardian Research, Capital Guardian
U.S. Equity, EQ/Evergreen, EQ/Evergreen Foundation, Lazard Large Cap Value,
Lazard Small Cap Value, MFS Growth with Income, EQ/Putnam International
Equity, and EQ/Putnam Investors Growth;
(2) the Equitable Companies Incorporated name change to AXA Financial, Inc.;
(3) change in management of EQ Advisors Trust from EQ Financial Consultants,
Inc. to Equitable Life;
(4) EQ Financial Consultants, Inc. plans to become AXA Advisors, LLC; and
(5) updated information "About our year 2000 progress."
(1) NEW VARIABLE INVESTMENT OPTIONS
THE FOLLOWING SENTENCE REPLACES THE SECOND SENTENCE OF THE FIRST PARAGRAPH ON
THE COVER PAGE OF THE PROSPECTUS:
Thirty-seven investment funds ("Funds") and a guaranteed interest account are
available under RIA.
THE FOLLOWING REPLACES THE CHART OF "FUNDS" ON THE COVER PAGE OF THE PROSPECTUS.
THE NEW FUNDS ARE IN ITALICS:
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FUNDS
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POOLED SEPARATE ACCOUNTS
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o Alliance Bond -- Separate o Alliance Common Stock --
Account No. 13 Separate Account No. 4
o Alliance Balanced -- o Alliance Aggressive
Separate Account No. 10 Stock -- Separate Account
No. 3
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SEPARATE ACCOUNT NO. 51
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o Alliance Money Market o Alliance Equity Index
o Alliance Intermediate o Alliance Global
Government Securities o Alliance International
o Alliance Quality Bond o Alliance Small Cap Growth
o Alliance High Yield o Alliance Conservative
o Alliance Growth and Income Investors
o Alliance Growth Investors
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SEPARATE ACCOUNT NO. 66
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o EQ/Alliance Premier Growth o MFS Growth with Income
o Calvert Socially o MFS Research
Responsible* o Morgan Stanley Emerging
o Capital Guardian Markets Equity
International o EQ/Putnam Balanced
o Capital Guardian Research o EQ/Putnam Growth &
o Capital Guardian U.S. Income Value
Equity o EQ/Putnam International
o EQ/Evergreen Equity Index
o EQ/Evergreen Foundation o EQ/Putnam Investors
o Lazard Large Cap Value* Growth
o Lazard Small Cap Value* o T. Rowe Price Equity
o Merrill Lynch Basic Value Income
Equity o T. Rowe Price
o Merrill Lynch World International Stock
Strategy o Warburg Pincus Small
o MFS Emerging Growth Company Value
Companies
- ---------------------------------------------------------------
* May not currently be available in the State of California.
IN THE "RIA AT A GLANCE -- KEY FEATURES" SECTION, ON PAGE 5 OF THE PROSPECTUS,
THE INFORMATION IN THE FIRST BULLET POINT UNDER "RIA FEATURES" IS MODIFIED AS
FOLLOWS:
o Thirty-eight investment options. The maximum number of active investment
options that may be selected at any time is 25.
Copyright 1999 The Equitable Life Assurance Society of the United States.
All rights reserved. Retirement Investment Account is a registered service mark
of The Equitable Life Assurance Society of the United States.
888-1215
<PAGE>
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2
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THE FOLLOWING INFORMATION IS ADDED TO THE "FUNDS OF SEPARATE ACCOUNT NO. 66" ON
PAGE 9 OF THE PROSPECTUS:
<TABLE>
<CAPTION>
FUNDS OF SEPARATE ACCOUNT NO. 66
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EQ/ALLIANCE CALVERT CAPITAL CAPITAL
PREMIER SOCIALLY GUARDIAN GUARDIAN GUARDIAN
GROWTH RESPONSIBLE INTERNATIONAL RESEARCH U.S. EQUITY
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<S> <C> <C> <C> <C> <C>
PARTICIPATING PLAN TRANSACTION EXPENSES:
Maximum contingent withdrawal charge (as a
percentage of plan balances) (1) 6% Maximum
Maximum annual ongoing operations fee (as a
percentage of plan balances) (2) 1.25% Maximum
SEPARATE ACCOUNT ANNUAL EXPENSES:
Administrative charge None
EQ ADVISORS TRUST ANNUAL EXPENSES:
Investment advisory fee 0.90% 0.65% 0.75% 0.65% 0.65%
Rule 12b-1 Fee (6) 0.25% 0.25% 0.25% 0.25% 0.25%
Other expenses 0.00% 0.15% 0.20% 0.05% 0.05%
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Total EQ Advisors Trust Annual Expenses
(After Expense Limitation) (4)(7) 1.15% 1.05% 1.20% 0.95% 0.95%
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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LAZARD LAZARD
EQ/EVERGREEN LARGE CAP SMALL CAP MFS GROWTH
EQ/EVERGREEN FOUNDATION VALUE VALUE WITH INCOME
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<S> <C> <C> <C> <C> <C>
PARTICIPATING PLAN TRANSACTION EXPENSES:
Maximum contingent withdrawal charge (as a
percentage of plan balances) (1) 6% Maximum
Maximum annual ongoing operations fee (as a
percentage of plan balances) (2) 1.25% Maximum
SEPARATE ACCOUNT ANNUAL EXPENSES:
Administrative charge None
EQ ADVISORS TRUST ANNUAL EXPENSES:
Investment advisory fee 0.75% 0.63% 0.55% 0.80% 0.55%
Rule 12b-1 Fee (6) 0.25% 0.25% 0.25% 0.25% 0.25%
Other expenses 0.05% 0.07% 0.15% 0.25% 0.05%
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Total EQ Advisors Trust Annual Expenses
(After Expense Limitation) (4)(7) 1.05% 1.20% 0.95% 1.20% 0.85%
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</TABLE>
<PAGE>
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3
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<TABLE>
<CAPTION>
FUNDS OF SEPARATE ACCOUNT NO. 66 (CONCLUDED)
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EQ/PUTNAM EQ/PUTNAM
INTERNATIONAL INVESTORS
EQUITY GROWTH
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<S> <C> <C>
PARTICIPATING PLAN TRANSACTION EXPENSES:
Maximum contingent withdrawal charge (as a
percentage of plan balances) (1) 6% Maximum
Maximum annual ongoing operations fee (as a
percentage of plan balances) (2) 1.25% Maximum
SEPARATE ACCOUNT ANNUAL EXPENSES:
Administrative charge None
EQ ADVISORS TRUST ANNUAL EXPENSES:
Investment advisory fee 0.70% 0.55%
Rule 12b-1 Fee (6) 0.25% 0.25%
Other expenses 0.25% 0.15%
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Total EQ Advisors Trust Annual Expenses
(After Expense Limitation) (4)(7) 1.20% 0.95%
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</TABLE>
THE FOLLOWING PARAGRAPH IS ADDED AFTER THE FIRST PARAGRAPH OF FOOTNOTE 7 ON PAGE
10 OF THE PROSPECTUS:
The expense limitations (other than the above expenses and fees) for the new
Portfolios are: 0.90% for EQ/Alliance Premier Growth; 0.80% for Calvert Socially
Responsible; 0.95% for Capital Guardian International; 0.70% for Capital
Guardian Research, and Capital Guardian U.S. Equity; 0.80% for EQ/Evergreen;
0.70% for EQ/Evergreen Foundation, and Lazard Large Cap Value; 0.95% for Lazard
Small Cap Value; 0.60% for MFS Growth with Income; 0.95% for EQ/Putnam
International Equity; and 0.70% for EQ/Putnam Investors Growth.
During 1999, EQF plans to change its name to AXA Advisors, Inc.
THE FOLLOWING PARAGRAPH IS ADDED AFTER THE SECOND PARAGRAPH OF FOOTNOTE 7 ON
PAGE 10 OF THE PROSPECTUS:
Absent the expense limitation, the "Other Expenses" for 1998 on an annualized
basis for each of the new Portfolios would have been: 0.40% for Lazard Large Cap
Value; 0.49% for Lazard Small Cap Value; 0.29% for EQ/Putnam Investors Growth;
and 0.51% for EQ/Putnam International Equity. For the following Portfolios, the
"Other Expenses" for 1999, absent the expense limitation, are estimated to be as
follows: 0.74% for EQ/Alliance Premier Growth, Capital Guardian U.S. Equity, and
Capital Guardian Research; 0.43% for Calvert Socially Responsible; 1.03% for
Capital Guardian International; and 0.59% for MFS Growth with Income. Initial
seed capital was invested on December 31, 1998 for the EQ/Evergreen,
EQ/Evergreen Foundation, and MFS Growth with Income Portfolios; April 30, 1999
for the EQ/Alliance Premier Growth, Capital Guardian International, Capital
Guardian Research, and Capital Guardian U.S. Equity Portfolios; and August 30,
1999 for the Calvert Socially Responsible Portfolio. The other Portfolios
commenced operations on the following dates: October 1, 1997 for the EQ/Putnam
Investors Growth and EQ/Putnam International Equity Portfolios; and December 31,
1997 for the Lazard Large Cap Value, and Lazard Small Cap Value Portfolios.
<PAGE>
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4
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THE FOLLOWING INFORMATION IS ADDED TO THE FEE TABLE EXAMPLES ON PAGE 12:
THE FOLLOWING EXAMPLES SHOW THE EXPENSES THAT YOU WOULD PAY IN THE SITUATIONS
ILLUSTRATED. PLEASE REFER TO YOUR PROSPECTUS FOR FURTHER EXPLANATION REGARDING
THE CALCULATION OF THE EXAMPLES.
<TABLE>
<CAPTION>
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IF THE ENTIRE EMPLOYER PLAN BALANCE IS IF THE ENTIRE EMPLOYER PLAN BALANCE IS NOT
WITHDRAWN AT THE END OF EACH PERIOD WITHDRAWN AT THE END OF EACH PERIOD SHOWN,
SHOWN, THE EXPENSE WOULD BE: THE EXPENSE WOULD BE:
1 YEAR 3 YEARS 5 YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
EQ/Alliance Premier Growth $81.89 $127.66 -- -- $20.10 $62.11 -- --
Calvert Socially Responsible $80.91 $124.70 -- -- $19.06 $58.96 -- --
Capital Guardian International $82.38 $129.14 -- -- $20.62 $63.69 -- --
Capital Guardian Research $79.93 $121.73 -- -- $18.01 $55.79 -- --
Capital Guardian U.S. Equity $79.93 $121.73 -- -- $18.01 $55.79 -- --
EQ/Evergreen $80.91 $124.70 -- -- $19.06 $58.96 -- --
EQ/Evergreen Foundation $79.93 $121.73 -- -- $18.01 $55.79 -- --
Lazard Large Cap Value $79.93 $121.73 -- -- $18.01 $55.79 -- --
Lazard Small Cap Value $82.38 $129.14 -- -- $20.62 $63.69 -- --
MFS Growth with Income $78.95 $118.76 -- -- $16.97 $52.62 -- --
EQ/Putnam International Equity $82.38 $129.14 -- -- $20.62 $63.69 -- --
EQ/Putnam Investors Growth $79.93 $121.73 -- -- $18.01 $55.79 -- --
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
THE FOLLOWING INFORMATION IS ADDED TO THE END OF THE SECTION "CONDENSED
FINANCIAL INFORMATION" ON PAGE 12 OF THE PROSPECTUS:
No Condensed Financial Information is included for the new Funds added to
Separate Account No. 66 (Pooled).
THE FOLLOWING SENTENCE REPLACES THE FIRST SENTENCE UNDER THE SECTION "INVESTMENT
OPTIONS" ON PAGE 13 OF THE PROSPECTUS:
We offer 38 investment options under RIA, including the Funds and the guaranteed
interest account.
THE FOLLOWING INFORMATION IS ADDED TO THE LIST OF FUNDS IN THE LAST PARAGRAPH
UNDER THE SECTION "FUNDS INVESTING IN THE HUDSON RIVER TRUST AND EQ ADVISORS
TRUST" ON PAGE 17 OF THE PROSPECTUS:
Funds also investing in the corresponding Portfolios of EQ Advisors Trust are:
EQ/Alliance Premier Growth, Calvert Socially Responsible, Capital Guardian
International, Capital Guardian Research, Capital Guardian U.S. Equity,
EQ/Evergreen, EQ/Evergreen Foundation, Lazard Large Cap Value, Lazard Small Cap
Value, MFS Growth with Income, EQ/Putnam International Equity, and EQ/Putnam
Investors Growth Funds.
<PAGE>
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5
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THE FOLLOWING INFORMATION IS ADDED TO PAGE 18 OF THE PROSPECTUS:
PORTFOLIOS OF EQ ADVISORS TRUST
<TABLE>
<CAPTION>
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PORTFOLIO NAME OBJECTIVE ADVISER
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<S> <C> <C>
EQ/Alliance Premier Growth Long-term growth of capital Alliance Capital Management L.P.
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Calvert Socially Responsible* Seeks long-term capital appreciation Calvert Asset Management Company, Inc.
and Brown Capital Management, Inc.
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Capital Guardian International Long-term growth of capital Capital Guardian Trust Company
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Capital Guardian Research Long-term growth of capital Capital Guardian Trust Company
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Capital Guardian U.S. Equity Long-term growth of capital Capital Guardian Trust Company
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EQ/Evergreen Capital appreciation Evergreen Asset Management Corp.
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EQ/Evergreen Foundation In order of priority, reasonable Evergreen Asset Management Corp.
income, conservation capital, and
capital appreciation
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Lazard Large Cap Value* Capital appreciation Lazard Asset Management
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Lazard Small Cap Value* Capital appreciation Lazard Asset Management
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MFS Growth with Income Reasonable current income and Massachusetts Financial Services Company
long-term growth of capital and income
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EQ/Putnam International Equity Capital appreciation Putnam Investment Management, Inc.
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EQ/Putnam Investors Growth Long-term growth of capital and any Putnam Investment Management, Inc.
increased income that results from
this growth
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</TABLE>
* Currently is not available in the State of California. Please call our service
consultants at 1-800-967-4560 for information regarding the availability of
this Portfolio.
Other important information about the above Portfolios is included in the
separate prospectus supplement for EQ Advisors Trust attached to this
supplement.
THE FOLLOWING BENCHMARK INFORMATION IS ADDED TO PAGE 34 OF THE PROSPECTUS:
EQ/ALLIANCE PREMIER GROWTH: Standard & Poor's 500 Index.
CALVERT SOCIALLY RESPONSIBLE: Standard & Poor's 500 Index.
CAPITAL GUARDIAN INTERNATIONAL: Morgan Stanley Capital International Europe,
Australia, Far East Index.
CAPITAL GUARDIAN RESEARCH: Standard & Poor's 500 Index.
CAPITAL GUARDIAN U.S. EQUITY: Standard & Poor's 500 Index.
EQ/EVERGREEN: Russell 2000 Index.
EQ/EVERGREEN FOUNDATION: 60% Standard & Poor's 500 Index/40% Lehman Brothers
Aggregate Bond Index.
LAZARD LARGE CAP VALUE: Standard & Poor's 500 Index.
LAZARD SMALL CAP VALUE: Russell 2000 Index.
MFS GROWTH WITH INCOME: Standard & Poor's 500 Index.
EQ/PUTNAM INTERNATIONAL EQUITY: Morgan Stanley Capital International Europe,
Australia, Far East Index.
EQ/PUTNAM INVESTORS GROWTH: Standard & Poor's 500 Index.
<PAGE>
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6
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THE FOLLOWING INFORMATION IS ADDED TO THE TABLE "ANNUALIZED RATES OF RETURN FOR
PERIODS ENDED DECEMBER 31, 1998" ON PAGE 37 OF THE PROSPECTUS:
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SINCE PORTFOLIO PORTFOLIO
1 YEAR INCEPTION INCEPTION DATE*
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EQUITY SERIES:
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DOMESTIC EQUITY
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Lazard Large Cap Value 20.01% 20.01% 12/31/97
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Lipper Capital 24.16% 24.16%
Appreciation
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Benchmark 28.58% 28.58%
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ASSET ALLOCATION SERIES:
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Lazard Small Cap Value (7.03)% (7.03)% 12/31/97
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Lipper Small Cap 1.53% 1.53%
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Benchmark (2.54)% (2.54)%
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EQUITY SERIES:
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INTERNATIONAL EQUITY
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EQ/Putnam International 19.51% 17.52% 5/1/97
Equity
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Lipper International 12.17% 9.06%
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Benchmark 20.00% 13.43%
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EQUITY SERIES:
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DOMESTIC EQUITY
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EQ/Putnam Investors Growth 36.27% 37.34% 5/1/97
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Lipper Growth 25.82% 28.73%
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Benchmark 28.58% 31.63%
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* The inception dates for the Portfolios that became available on or after
December 31, 1998 and are therefore not shown in the tables are:
EQ/Evergreen, EQ/Evergreen Foundation, and MFS Growth with Income (December
31, 1998); EQ/Alliance Premier Growth, Capital Guardian International,
Capital Guardian Research, and Capital Guardian U.S. Equity (April 30,
1999); and Calvert Socially Responsible (August 30,1999).
<PAGE>
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7
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THE FOLLOWING INFORMATION IS ADDED TO THE TABLE "CUMULATIVE RATES OF RETURN FOR
PERIODS ENDED DECEMBER 31, 1998" ON PAGE 40 OF THE PROSPECTUS:
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SINCE PORTFOLIO PORTFOLIO
1 YEAR INCEPTION INCEPTION DATE*
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EQUITY SERIES:
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DOMESTIC EQUITY
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Lazard Large Cap Value 20.01% 20.01% 12/31/97
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Lipper Capital 24.16% 24.16%
Appreciation
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Benchmark 28.58% 28.58%
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ASSET ALLOCATION SERIES:
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Lazard Small Cap Value (7.03)% (2.27)% 12/31/97
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Lipper Small Cap 1.53% 1.53%
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Benchmark (2.54)% (2.54)%
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EQUITY SERIES:
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INTERNATIONAL EQUITY
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EQ/Putnam International 19.51% 30.97% 5/1/97
Equity
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Lipper International 12.17% 15.88%
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Benchmark 20.00% 23.42%
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EQUITY SERIES:
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DOMESTIC EQUITY
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EQ/Putnam Investors Growth 36.27% 69.93% 5/1/97
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Lipper Growth 25.82% 52.86%
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Benchmark 28.58% 57.60%
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* The inception dates for the Portfolios that became available on or after
December 31, 1998 and are therefore not shown in the tables are:
EQ/Evergreen, EQ/Evergreen Foundation, and MFS Growth with Income (December
31, 1998); EQ/Alliance Premier Growth, Capital Guardian International,
Capital Guardian Research, and Capital Guardian U.S. Equity (April 30,
1999); and Calvert Socially Responsible (August 30, 1999).
THE FOLLOWING INFORMATION IS ADDED TO THE THIRD PARAGRAPH UNDER THE SECTION
"ABOUT THE SEPARATE ACCOUNTS" ON PAGE 53 OF THE PROSPECTUS:
The EQ/Alliance Premier Growth, Calvert Socially Responsible, Capital Guardian
International, Capital Guardian Research, Capital Guardian U.S. Equity,
EQ/Evergreen, EQ/Evergreen Foundation, Lazard Large Cap Value, Lazard Small Cap
Value, MFS Growth with Income, EQ/Putnam International Equity, and EQ/Putnam
Investors Growth Funds were established in 1999.
<PAGE>
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8
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(2) THE EQUITABLE COMPANIES INCORPORATED NAME CHANGE
THE FOLLOWING SENTENCE REPLACES THE LAST SENTENCE OF THE FIRST PARAGRAPH ON PAGE
58 OF THE PROSPECTUS:
In September 1999, The Equitable Companies Incorporated plans to change its name
to "AXA Financial, Inc."
(3) CHANGE IN EQ ADVISORS TRUST MANAGEMENT
THE FOLLOWING PARAGRAPH IS ADDED AFTER THE SECOND PARAGRAPH UNDER "ABOUT THE
HUDSON RIVER TRUST AND EQ ADVISORS TRUST" ON PAGE 53 OF THE PROSPECTUS:
In September 1999, Equitable Life will become the manager of EQ Advisors Trust
following state regulatory approvals. As manager, Equitable Life will oversee
the activities of the investment advisers with respect to EQ Advisors Trust.
Equitable Life will be responsible for retaining or discontinuing the services
of the advisers. Currently, EQ Financial Consultants, Inc. is the manager of EQ
Advisors Trust.
(4) EQ FINANCIAL CONSULTANTS, INC. NAME CHANGE
THE FOLLOWING SENTENCE REPLACES THE LAST SENTENCE OF THE SECOND PARAGRAPH UNDER
"PROPOSED SUBSTITUTION OF PORTFOLIOS" ON PAGE 53 OF THE PROSPECTUS:
By year-end 1999, EQF plans to become "AXA Advisors, LLC," and will become an
indirect subsidiary of AXA, Financial Inc.
(5) ABOUT OUR YEAR 2000 PROGRESS
THE FOLLOWING INFORMATION REPLACES THE INFORMATION UNDER "ABOUT OUR YEAR 2000
PROGRESS" ON PAGE 55 OF THE PROSPECTUS:
Equitable Life relies upon various computer systems in order to administer your
contract and operate the variable investment options. Some of these systems
belong to service providers who are not affiliated with Equitable Life.
In 1995, Equitable Life began addressing the question of whether its computer
systems would recognize the year 2000 before, on or after January 1, 2000, and
Equitable Life has identified those of its systems critical to business
operations that were not year 2000 compliant. Equitable Life has completed the
work of modifying or replacing non-compliant systems and has confirmed, through
testing, that its systems are year 2000 compliant. Equitable Life has contacted
third-party vendors and service providers to seek confirmation that they are
acting to address the year 2000 issue with the goal of avoiding any material
adverse effect on services provided to contract owners and on operations of the
investment options. All third-party vendors and service providers considered
critical to Equitable Life's business have provided us confirmation of their
year 2000 compliance or a satisfactory plan for compliance. With respect to
vendors and service providers considered non-critical, we believe we are on
schedule for substantially all such vendors and service providers to be
confirmed by September 30, 1999 as year 2000 compliant or the subject of a
satisfactory plan for compliance. If such confirmation is not received by
September 30, 1999, the vendor or service provider will be replaced, eliminated
or the subject of contingency plans. Additionally, Equitable Life has
supplemented its existing business continuity and disaster recovery plans to
cover certain categories of contingencies that could arise as a result of year
2000 related failures.
<PAGE>
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9
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There are many risks associated with year 2000 issues, including the risk that
Equitable Life's computer systems will not operate as intended. Additionally,
there can be no assurance that the systems of third parties will be year 2000
compliant. Any significant unresolved difficulty related to the year 2000
compliance initiatives could result in an interruption in, or a failure of,
normal business operations and, accordingly, could have a material adverse
effect on our ability to administer your contract and operate the investment
options.
To the fullest extent permitted by law, the foregoing year 2000 discussion is a
"Year 2000 Readiness Disclosure" within the meaning of The Year 2000 Information
and Readiness Disclosure Act (P.L. 105-271) (1998).
<PAGE>
PART C
OTHER INFORMATION
-----------------
This Part C is being amended solely for the purpose of filing the exhibits noted
below. No Amendment or deletion is made of any of the other information set
forth under Part C of the Registration Statement.
Item 24. Financial Statements and Exhibits
---------------------------------
(b) Exhibits.
The following additional exhibits are filed herewith:
10(a) Consent of PriceWaterhouseCoopers LLP.
10(c) Power of Attorney.
C-1
<PAGE>
SIGNATURES
As required by the Securities Act of 1933, the Registrant certifies
that it meets the requirements of Securities Act Rule 485(b) for effectiveness
of this amendment to the Registration Statement and has caused this amendment to
the Registration Statement to be signed on its behalf, in the City and State of
New York, on this 27th day of August, 1999.
EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
(Registrant)
By: The Equitable Life Assurance
Society of the United States
By: /s/ Mark A. Hug
-------------------------------
Mark A. Hug
Senior Vice President
C-2
<PAGE>
SIGNATURES
As required by the Securities Act of 1933, the Depositor has caused
this amendment to the Registration Statement to be signed on its behalf, in the
City and State of New York, on the 27th day of August, 1999.
THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
(Depositor)
By: /s/ Mark A. Hug
---------------------------
Mark A. Hug
Senior Vice President
As required by the Securities Act of 1933, this amendment to the
Registration Statement has been signed by the following persons in the
capacities and on the date indicated:
PRINCIPAL EXECUTIVE OFFICERS:
*Edward D. Miller Chairman of the Board, Chief Executive
Officer and Director
*Michael Hegarty President, Chief Operating Officer
and Director
PRINCIPAL FINANCIAL OFFICER:
*Stanley B. Tulin Chairman of the Board, Chief Financial
Officer and Director
PRINCIPAL ACCOUNTING OFFICER:
*Alvin H. Fenichel Senior Vice President and Controller
*DIRECTORS:
Francoise Colloc'h John T. Hartley Edward D. Miller
Henri de Castries John H.F. Haskell, Jr. Didier Pineau-Valencienne
Joseph L. Dionne Michael Hegarty George J. Sella, Jr.
Denis Duverne Mary R. (Nina) Henderson Peter J. Tobin
Jean-Rene Fourtou W. Edwin Jarmain Stanley B. Tulin
Norman C. Francis George T. Lowy Dave H. Williams
Donald J. Greene
*By: /s/ Mark A. Hug
--------------------------
Mark A. Hug
Attorney-in-Fact
August 27, 1999
C-3
<PAGE>
EXHIBIT INDEX
-------------
EXHIBIT NO. TAG VALUE
- ----------- ----------
10(a) Consent of Independant Public Accountants EX-99-10a
10(c) Power of Attorney EX-99.10c
C-4
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in the May 4, 1999 Statement of Additional
Information constituting part of the Registration Statement No. 33-76030 (the
"Registration Statement") on Form N-4 that this Post-Effective Amendment No. 7
amends of (1) our report dated February 8, 1999 relating to the financial
statements of Separate Accounts Nos. 13, 10, 4, 3, 51 and 66 of The Equitable
Life Assurance Society of the United States for the year ended December 31,
1998, and (2) our report dated February 8, 1999 relating to the consolidated
financial statements of The Equitable Life Assurance Society of the United
States for the year ended December 31, 1998, which reports appear in the May 4,
1999 Statement of Additional Information and to the incorporation by reference
of our reports into the May 4, 1999 Prospectus which constitutes part of this
Registration Statement. We also consent to the references to us under the
headings "Condensed Financial Information" and "About our Independent
Accountants" in the May 4, 1999 Prospectus.
/s/ PricewaterhouseCoopers LLP
- ------------------------------
PricewaterhouseCoopers LLP
New York, New York
August 27, 1999
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officer or
Director of The Equitable Life Assurance Society of the United States (the
"Company"), a New York stock life insurance company, hereby constitutes and
appoints, Mark A. Hug, James D. Goodwin, Pauline Sherman, Michael F. McNelis,
Naomi J. Weinstein, Maureen K. Wolfson, Mildred Oliver, Mary P. Breen and each
of them (with full power to each of them to act alone), his or her true and
lawful attorney-in-fact and agent, with full power of substitution to each, for
him or her and on his or her behalf and in his or her name, place and stead, to
execute and file any of the documents referred to below relating to
registrations under the Securities Act of 1933, the Securities Exchange Act of
1934 and the Investment Company Act of 1940 with respect to any insurance or
annuity contracts or other agreements providing for allocation of amounts to
Separate Accounts of the Company, and related units or interests in Separate
Accounts: registration statements on any form or forms under the Securities Act
of 1933 and the Investment Company Act of 1940 and annual reports on any form or
forms under the Securities Exchange Act of 1934, and any and all amendments and
supplements thereto, with all exhibits and all instruments necessary or
appropriate in connection therewith, each of said attorneys-in-fact and agents
and his, her or their substitutes being empowered to act with or without the
others, and to have full power and authority to do or cause to be done in the
name and on behalf of the undersigned each and every act and thing requisite and
necessary or appropriate with respect thereto to be done in and about the
premises in order to effectuate the same, as fully to all intents and purposes
as the undersigned might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, may do or cause to
be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereunto set his or her hand this
11th day of August, 1999.
/s/ Alvin H. Fenichel
---------------------
Alvin H. Fenichel
59838v2