Cover Page 497(d)
333-36696
<PAGE>
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES -- SUPPLEMENT DATED
SEPTEMBER 1, 2000, TO THE CURRENT PROSPECTUSES AND SUPPLEMENTS TO PROSPECTUSES
FOR:
ACCUMULATOR LIFE INCENTIVE LIFE PLUS
INCENTIVE LIFE SURVIVORSHIP 2000
SURVIVORSHIP INCENTIVE LIFE SPECIAL OFFER POLICY
IL PROTECTOR INCENTIVE LIFE 2000
IL COLI CHAMPION 2000
--------------------------------------------------------------------------------
This supplement modifies certain information in the above-referenced
prospectuses, as supplemented to date (together, the "Prospectuses"). Unless
otherwise indicated, all other information included in the Prospectuses remains
unchanged. The terms and section headings we use in this supplement have the
same meaning as in the Prospectuses.
1. NEW VARIABLE INVESTMENT OPTIONS:
The following is added to each Prospectus under "Fee table":
A. We anticipate making available the variable investment options
described below on or about October 9, 2000, subject to regulatory
approval.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
VARIABLE OBJECTIVE INVESTMENT MANAGEMENT 12B-1 OTHER TOTAL FEE WAIVERS NET
INVESTMENT ADVISOR (1) FEE(2) FEE EXPENSES ANNUAL AND/OR EXPENSE TOTAL
OPTION (3) EXPENSES REIMBURSE- ANNUAL
MENTS(4) EXPENSES
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
EQ/JANUS LONG-TERM JANUS .90% 0.25% 0.10% 1.25% 0.10% 1.15%
LARGE CAP GROWTH IN CAPITAL
GROWTH A MANNER CORPORATION
THAT IS
CONSISTENT
WITH
PRESERVATION
OF CAPITAL
---------------------------------------------------------------------------------------------------------------------
FI MID CAP LONG-TERM FIDELITY 0.70% 0.25% 0.09% 1.04% 0.04% 1.00%
GROWTH OF MANAGEMENT
CAPITAL & RESEARCH
COMPANY
---------------------------------------------------------------------------------------------------------------------
EQ/AXP NEW LONG-TERM AMERICAN 0.65% 0.25% 0.09% 0.99% 0.04% 0.95%
DIMENSIONS GROWTH OF EXPRESS
CAPITAL FINANCIAL
CORPORATION
---------------------------------------------------------------------------------------------------------------------
EQ/AXP LONG-TERM AMERICAN 0.70% 0.25% 0.09% 1.04% 0.04% 1.00%
STRATEGY GROWTH OF EXPRESS
AGGRESSIVE CAPITAL FINANCIAL
CORPORATION
---------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) The investment results you achieve in any one of these variable investment
options will depend on the investment performance of the corresponding
Portfolio of the EQ Advisors Trust that shares the same name as that
option. The advisor shown is the advisor who makes the investment decisions
for the Portfolio.
(2) The management fee for each portfolio cannot be increased without a vote of
each portfolio's shareholders.
(3) Initial seed capital will be invested for each of these Portfolios on or
about September 1, 2000; thus, "Other Expenses" shown are estimated. The
amounts shown as "Other Expenses" will fluctuate from year to year
depending on actual expenses. See footnote (5) for any expense limitation
agreements.
(4) Equitable Life, EQ Advisors Trust's manager, has entered into an Expense
Limitation Agreement with respect to these Portfolios that will begin on or
about September 1, 2000 and end on August 30, 2001. Under this agreement,
Equitable Life has agreed to waive or limit its fees and assume other
expenses of each of these Portfolios, if necessary, in an amount that
limits each Portfolio's Total Annual Expenses (exclusive of interest,
taxes, brokerage commissions, capitalized expenditures and extraordinary
expenses) to not more than the amounts specified above under Net Total
Annual Expenses. Each portfolio may at a later date make a reimbursement to
Equitable Life for any of the management fees waived or limited and other
expenses
127659 Life Retail
<PAGE>
assumed and paid by Equitable Life pursuant to the expense limitation
agreement provided that, among other things, such portfolio has reached
sufficient size to permit such reimbursement to be made and provided that
the portfolio's current annual operating expenses do not exceed the
operating expense limit determined for such portfolio. For more
information, see the prospectus for EQ Advisors Trust.
2. VARIABLE INVESTMENT OPTION NAME CHANGE:
Effective October 6, 2000, the name of the Alliance Equity Index variable
investment option has been changed to EQ Equity 500 Index, which reflects the
corresponding name change of the underlying EQ Advisors Trust portfolio. All
references to this variable investment option and the corresponding portfolio in
each Prospectus are hereby changed to the new name.
3. T. ROWE PRICE INTERNATIONAL STOCK PORTFOLIO CHANGE IN ADVISOR:
The EQ Advisors Trust Board of Trustees approved T. Rowe Price International,
Inc. as the new advisor for the T. Rowe Price International Stock Portfolio. The
terms and conditions, including fees, of the investment advisory agreement have
not changed. The new advisor is the successor company to the old advisor.
References to Rowe Price-Fleming International, Inc. in each Prospectus are
hereby changed to T. Rowe Price International, Inc.
APPLICABLE TO PROSPECTUSES FOR ACCUMULATOR LIFE, INCENTIVE LIFE, AND
SURVIVORSHIP INCENTIVE LIFE WITH RESPECT TO POLICIES DISTRIBUTED IN NEW YORK BY
EQUITABLE DISTRIBUTORS, INC. AND FOR IL COLI POLICIES DISTRIBUTED BY EQUITABLE
DISTRIBUTORS, INC. IN ALL JURISDICTIONS:
4. A. The following information replaces the information for the sections
noted under "How to reach us" in each Prospectus:
BY MAIL:
At the Post Office Box for our Administrative Office
Equitable Life - EDI Service Center
P.O. Box 1047
Charlotte, North Carolina 28201-1047
BY EXPRESS DELIVERY ONLY:
At the Street Address for our Administrative Office
Equitable Life - EDI Service Center
10840 Ballantyne Commons Parkway
Charlotte, North Carolina 28277
1-704-341-7000 (for express delivery purposes only)
BY TOLL-FREE PHONE
1-888-228-6690
(automated system available 22 hours a day, from 6AM to 4AM, Eastern Time;
customer service representative available weekdays 8AM to 9PM, Eastern Time)
BY FAX:
1-704-540-2199
127659 Life Retail
<PAGE>
B. EQUITABLE DISTRIBUTORS, LLC TO BECOME PRINCIPAL UNDERWRITER.
It is anticipated that during the fourth quarter of 2000, Equitable
Distributors, LLC ("EDI, LLC") will become a successor by merger to all of the
functions, rights and obligations of Equitable Distributors, Inc. ("EDI"),
including the role of principal underwriter of Separate Account FP. Like EDI,
EDI, LLC is owned by Equitable Holdings, LLC. Accordingly, once the successor by
merger is complete, all references to the principal underwriter in each
prospectus should be replaced with Equitable Distributors, LLC.
127659 Life Retail
<PAGE>
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES -- SUPPLEMENT DATED
SEPTEMBER 1, 2000, TO CURRENT PROSPECTUSES AND SUPPLEMENTS TO PROSPECTUSES FOR:
ACCUMULATOR LIFE INCENTIVE LIFE PLUS
INCENTIVE LIFE IL COLI
SURVIVORSHIP INCENTIVE LIFE SURVIVORSHIP 2000
--------------------------------------------------------------------------------
This supplement modifies certain information in the above-referenced
prospectuses, as supplemented to date (together, the "Prospectuses"). Unless
otherwise indicated, all other information included in the Prospectuses remains
unchanged. The terms and section headings we use in this supplement have the
same meaning as in the Prospectuses.
1. NEW VARIABLE INVESTMENT OPTIONS:
The following is added to each Prospectus under "Fee table":
A. We anticipate making available the variable investment options
described below on or about October 9, 2000, subject to regulatory
approval.
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
VARIABLE OBJECTIVE INVESTMENT MANAGEMENT 12B-1 OTHER TOTAL FEE NET
INVESTMENT ADVISOR (1) FEE(2) FEE EXPENSES(3) ANNUAL WAIVERS TOTAL ANNUAL
OPTION EXPENSES AND/OR EXPENSES
EXPENSE
REIMBURSE-
MENTS(4)
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
EQ/JANUS LONG-TERM JANUS 0.90% 0.25% 0.10% 1.25% 0.10% 1.15%
LARGE CAP GROWTH IN CAPITAL
GROWTH A MANNER CORPORATION
THAT IS
CONSISTENT
WITH
PRESERVATION
OF CAPITAL
------------------------------------------------------------------------------------------------------------------------
FI MID CAP LONG-TERM FIDELITY 0.70% 0.25% 0.09% 1.04% 0.04% 1.00%
GROWTH OF MANAGEMENT
CAPITAL & RESEARCH
COMPANY
------------------------------------------------------------------------------------------------------------------------
FI SMALL/MID LONG-TERM FIDELITY 0.75% 0.25% 0.24% 1.24% 0.14% 1.10%
CAP VALUE CAPITAL MANAGEMENT
APPRECIATION & RESEARCH
COMPANY
------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) The investment results you achieve in any one of these variable investment
options will depend on the investment performance of the corresponding
Portfolio of the EQ Advisors Trust that shares the same name as that
option. The advisor shown is the advisor who makes the investment decisions
for the Portfolio.
(2) The management fee for each portfolio cannot be increased without a vote of
each portfolio's shareholders.
(3) The expenses shown for FI Small/Mid Cap Value are expenses incurred for
the year ended December 31, 1999. Initial seed capital for the other
portfolios will be invested on or about September 1, 2000; thus, "Other
Expenses" shown are estimated. The amounts shown as "Other Expenses" will
fluctuate from year to year depending on actual expenses. See footnote (4)
for any expense limitation agreements.
(4) Equitable Life, EQ Advisors Trust's manager, has entered into an Expense
Limitation Agreement with respect to these Portfolios that will begin on or
about September 1, 2000 and end on August 31, 2001. Under this agreement,
Equitable Life has agreed to waive or limit its fees and assume other
expenses of each of these Portfolios, if necessary, in an amount that
limits each Portfolio's Total Annual Expenses (exclusive of interest,
taxes, brokerage commissions, capitalized expenditures and extraordinary
expenses) to not more than the amounts specified above under Net Total
Annual Expenses. Each portfolio may at a later date make a reimbursement to
Equitable Life for any of the management fees waived or limited and other
expenses assumed and paid by Equitable Life pursuant to the expense
limitation agreement provided that, among other things, such portfolio has
reached sufficient size to permit such reimbursement to be made and
provided that the portfolio's current annual
127643-Life EDI
<PAGE>
operating expenses do not exceed the operating expense limit determined for
such portfolio. For more information, see the prospectus for EQ Advisors
Trust.
2. SUBSTITUTION OF THE ALLIANCE EQUITY INDEX VARIABLE INVESTMENT OPTION FOR
THE BT EQUITY 500 INDEX VARIABLE INVESTMENT OPTION:
Effective October 6, 2000, subject to regulatory approval, EQ Advisors
Trust will substitute shares of the Alliance Equity Index portfolio for
shares of the BT Equity 500 Index portfolio. The names of the Alliance
Equity Index portfolio (and variable investment option) will then be
changed to "EQ Equity 500 Index" (see below). Each of these portfolios
follows a strategy of replicating the performance of the S&P 500 Composite
Index. Through the combination of these portfolios, EQ Advisors Trust will
realize economies of scale which can potentially reduce operating expenses.
Your account value will remain unchanged, as a result of this substitution.
However, the unit values of the units of these two variable investment
options are different, and therefore, the number of EQ Equity 500 Index
option units that you will receive will be different than the number of BT
Equity 500 Index option units that you had.
The following information regarding the EQ Equity 500 Index portfolio and
variable investment option replaces the information in each prospectus
regarding the BT Equity 500 Index portfolio and variable investment option:
---------------------------------------------------------------------------
VARIABLE INVESTMENT MANAGEMENT 12B-1 OTHER TOTAL
INVESTMENT ADVISOR (1) FEE(2) FEE EXPENSES(3) ANNUAL
OPTION EXPENSES
---------------------------------------------------------------------------
EQ EQUITY ALLIANCE .25% 0.25% 0.05% 0.55%
500 INDEX CAPITAL
MANAGEMENT
---------------------------------------------------------------------------
(1) The investment results you achieve in the variable investment option will
depend on the investment performance of the corresponding Portfolio of the
EQ Advisors Trust that shares the same name as the option. The advisor
shown is the advisor who makes the investment decisions for the Portfolio.
(2) The management fee for the portfolio cannot be increased without a vote of
each portfolio's shareholders.
(3) Other Expenses shown are those incurred in 1999. The amounts shown as
"Other Expenses" will fluctuate from year to year depending on actual
expenses.
3. VARIABLE INVESTMENT OPTION NAME CHANGES:
Effective October 6, 2000, the names of the variable investment options
listed below have been changed as indicated in order to reflect
corresponding name changes of the underlying EQ Advisors Trust portfolios:
-----------------------------------------------------------------------
CURRENT NAME NEW NAME
-----------------------------------------------------------------------
Alliance Equity Index EQ Equity 500 Index
-----------------------------------------------------------------------
BT International Equity Index EQ International Equity Index
-----------------------------------------------------------------------
BT Small Company Index EQ Small Company Index
-----------------------------------------------------------------------
All references to each of these variable investment options and portfolios
in each Prospectus are hereby changed to the appropriate new name.
127643-Life EDI
<PAGE>
4. The following information replaces the information for the sections noted
under "How to reach us" in each Prospectus:
BY MAIL:
At the Post Office Box for our Administrative Office
Equitable Life--EDI Service Center
P.O. Box 1047
Charlotte, North Carolina 28201-1047
BY EXPRESS DELIVERY ONLY:
At the Street Address for our Administrative Office
Equitable Life--EDI Service Center
10840 Ballantyne Commons Parkway
Charlotte, North Carolina 28277
1-704-341-7000 (for express delivery purposes only)
BY TOLL-FREE PHONE
1-888-228-6690
(automated system available 22 hours a day, from 6AM to 4AM, Eastern Time;
customer service representative available weekdays 8AM to 9PM, Eastern Time)
BY FAX:
1-704-540-2199
5. EQUITABLE DISTRIBUTORS, LLC TO BECOME PRINCIPAL UNDERWRITER.
It is anticipated that during the fourth quarter of 2000, Equitable
Distributors, LLC ("EDI, LLC") will become a successor by merger to all of the
functions, rights and obligations of Equitable Distributors, Inc. ("EDI"),
including the role of principal underwriter of Separate Account FP. Like EDI,
EDI, LLC is owned by Equitable Holdings, LLC. Accordingly, once the successor by
merger is complete, all references to the principal underwriter in each
prospectus should be replaced with Equitable Distributors, LLC.
127643-Life EDI
