EQUITABLE VARIABLE LIFE INSURANCE COMPANY
SUPPLEMENT DATED AUGUST 28, 1996
TO
IL COLI II PROSPECTUS
DATED JULY 24, 1996
This supplement updates certain information in the Prospectus dated July 24,
1996 (the "Prospectus") for IL COLI II, a flexible premium variable life
insurance policy issued by Equitable Variable. Capitalized terms used in this
supplement have the same meanings as in the Prospectus. You should keep this
supplement with your Prospectus.
On August 14, 1996, the Boards of Directors of The Equitable Life Assurance
Society of the United States ("Equitable") and its wholly-owned subsidiary,
Equitable Variable, approved an Agreement and Plan of Merger under which
Equitable Variable will be merged into Equitable. Subject to receipt of
regulatory and other approvals, the merger will be effective on January 1, 1997.
No action is required from policyowners in order to complete the merger.
Equitable has decided to merge the two companies in keeping with its ongoing
effort to achieve cost savings and increase operating efficiency.
On the date of the merger, all of Equitable Variable's obligations will be
assumed by Equitable. The merger will not change any policy values, premiums or
other terms and conditions of a policy in any way. Policy Account values
allocated to the Separate Account Funds will continue after the merger without
interruption.
VM 529
