THE EQUITABLE LIFE ASSURANCE SOCIETY
OF THE UNITED STATES
VARIABLE LIFE INSURANCE POLICIES
FUNDED THROUGH SEPARATE ACCOUNT FP
IL PROTECTOR(SM)
IL COLI
INCENTIVE LIFE PLUS(SM)
SURVIVORSHIP 2000
SPECIAL OFFER POLICY
INCENTIVE LIFE 2000
CHAMPION 2000
INCENTIVE LIFE
PROSPECTUS SUPPLEMENT DATED FEBRUARY 28, 1998
This supplement updates certain information in the prospectus you received for
your Equitable variable life insurance policy* and any prior supplements to that
prospectus.** Capitalized terms used in this supplement have the same meanings
as in the prospectus. You should keep this supplement with your prospectus and
any previous prospectus supplement. We will send you another copy of any
prospectus or supplement, without charge, on written request.
LIMITED OPPORTUNITY FOR UNRESTRICTED TRANSFER FROM THE GUARANTEED INTEREST
ACCOUNT. Your policy permits you to transfer a limited amount of your unloaned
policy account value out of the Guaranteed Interest Account within 30 days of
your policy anniversary. See THE GUARANTEED INTEREST ACCOUNT in your prospectus.
From March 16, 1998 through May 15, 1998, we are relaxing our policy rules to
permit you to transfer any amount of unloaned policy account value out of the
Guaranteed Interest Account to a division of the Separate Account whether or not
you are within 30 days of your policy anniversary. Your written transfer request
must be received in our Administrative Office by May 15, 1998, but not before
March 16, 1998, in order to take advantage of this unrestricted transfer
opportunity. See CHARGE FOR TRANSFERS in your prospectus.
- ------------------
*This supplement updates certain information contained in the IL Protector
Prospectuses dated July 25, 1996, January 1, 1997 and May 1, 1997; the
Incentive Life Plus Prospectuses dated December 19, 1994, May 1, 1995,
September 15, 1995, May 1, 1996, January 1, 1997 and May 1, 1997; the IL COLI
supplements thereto dated September 15, 1995, May 1, 1996, January 1, 1997 and
May 1, 1997; and the Special Offer Policy supplements thereto dated May 1,
1995, September 15, 1995 and May 1, 1996; the Survivorship 2000 Prospectuses
dated August 18, 1992, May 1, 1993, 1994 and 1995, January 1, 1997, May 1,
1997 and July 21, 1997; the Incentive Life 2000 Prospectuses dated November
27, 1991 and May 1, 1993 and 1994, and the Special Offer Policy supplements
thereto dated November 27, 1991, January 29, 1993, May 1, 1993, 1994 and 1995;
the Champion 2000 Prospectuses dated November 27, 1991 and May 1, 1993 and
1994; and the Incentive Life Prospectuses dated August 29, 1989, February 27,
1991 and May 1, 1990, 1993 and 1994.
**If the date of your prospectus is prior to January 1, 1997, you received a
prospectus supplement dated January 1, 1997. You may have also received a
supplement dated May 1, 1996. These supplements are still relevant and should
be retained with your prospectus.
- --------------------------------------------------------------------------------
EVM-122 THIS SUPPLEMENT SHOULD BE RETAINED FOR FUTURE REFERENCE.
Copyright 1998 The Equitable Life Assurance Society of the
United States. All rights reserved.
