HUDSON RIVER TRUST, 497, 1996-08-21

HUDSON RIVER TRUST
497, 1996-08-21

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                                                Filed Pursuant to Rule 497(e)
                                                Registration File No.: 2-94996





                            THE HUDSON RIVER TRUST
                       SUPPLEMENT DATED AUGUST 31, 1996
                                      TO
                         PROSPECTUS DATED MAY 1, 1996

   Effective August 31, 1996, the Trust will offer a separate class of
shares, the Class IB shares, pursuant to another prospectus. The Class IB
shares will be offered at net asset value and may have certain other
expenses, which may affect performance. Inquiries regarding Class IB shares
should be addressed to Equitable Distributors, Inc., the Trust's underwriter
of Class IB shares, at 787 Seventh Avenue, New York, New York 10019 (tel. no.
1-212-554-1234).

                 YOU SHOULD RETAIN THIS SUPPLEMENT WITH YOUR
                       PROSPECTUS FOR FUTURE REFERENCE.