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General American Life Insurance Company
Law Division
700 Market Street
St. Louis, Missouri 63101
Phone (314) 444-0499
Fax: (314) 444-0510
August 28, 1997
VIA EDGAR
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20540
Re: General American Capital Company
File Nos. 33-10145 & 811-04900
Ladies and Gentlemen:
Pursuant to Rule 497(e) of the Securities Act of 1933, as amended, enclosed
please find electronically transmitted copies of supplements to General
American Capital Company's prospectuses and statement of additional
information. The supplements reflect Capital Company's switch to same-day
pricing of fund securities. The switch to same-day pricing will occur on, and
the supplements are dated as of, September 2, 1997. Capital Company has three
versions of its prospectus (an eight-fund version, a five-fund version, and a
single-fund version) and, accordingly, this filing contains three separate
versions of the prospectus supplement. Also enclosed is a single supplement
to Capital Company's statement of additional information.
If you have any questions regarding this filing, please call me at the
above-listed telephone number.
Sincerely
/s/ Christopher A. Martin
Christopher A. Martin
Enclosures
cc: Stephen E. Roth, Sutherland Asbill & Brennan
Kenneth E. Puzder, KPMG Peat Marwick
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PROSPECTUS SUPPLEMENT
DATED SEPTEMBER 2, 1997
THIS PROSPECTUS SUPPLEMENT SUPPLEMENTS GENERAL AMERICAN CAPITAL COMPANY'S
PROSPECTUS, DATED MAY 1, 1997, AS SET FORTH BELOW.
The first sentence of the fourth paragraph under the heading
"OFFERING AND REDEMPTION OF SHARES" on page 21 of the Prospectus
is hereby removed and replaced by the following sentence:
"An equity security listed on a stock exchange is valued at the
security's closing price."
Please keep this Prospectus Supplement with your Prospectus for future
reference.
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PROSPECTUS SUPPLEMENT
DATED SEPTEMBER 2, 1997
THIS PROSPECTUS SUPPLEMENT SUPPLEMENTS GENERAL AMERICAN CAPITAL COMPANY'S
PROSPECTUS, DATED MAY 1, 1997, AS SET FORTH BELOW.
The first sentence of the fourth paragraph under the heading
"OFFERING AND REDEMPTION OF SHARES" on page 16 of the Prospectus
is hereby removed and replaced by the following sentence:
"An equity security listed on a stock exchange is valued at the
security's closing price."
Please keep this Prospectus Supplement with your Prospectus for future
reference.
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PROSPECTUS SUPPLEMENT
DATED SEPTEMBER 2, 1997
THIS PROSPECTUS SUPPLEMENT SUPPLEMENTS GENERAL AMERICAN CAPITAL COMPANY'S
PROSPECTUS, DATED MAY 1, 1997, AS SET FORTH BELOW.
The first sentence of the fourth paragraph under the heading
"OFFERING AND REDEMPTION OF SHARES" on page 10 of the Prospectus
is hereby removed and replaced by the following sentence:
"An equity security listed on a stock exchange is valued at the
security's closing price."
Please keep this Prospectus Supplement with your Prospectus for future
reference.
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STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT
DATED SEPTEMBER 2, 1997
This Statement of Additional Information Supplement supplements General
American Capital Company's Statement of Additional Information, dated May 1,
1997, as set forth below.
The first sentence of the second paragraph under the heading
"DETERMINATION OF NET ASSET VALUE" on page B-16 of the Statement
of Additional Information is hereby removed and replaced by the
following sentence:
"Fund securities which are traded on national stock exchanges
are valued at the securities' closing prices."
Please keep this Statement of Additional Information Supplement with your
Statement of Additional Information for future reference.
