Note: The following Supplement will be attached to the current prospectus
for delivery in all states where sold, except for Kansas, Maryland,
Nevada, North Carolina, New Hampshire, Oregon and Washington.
<PAGE>
File No. 333-51353
Filed under Rule 424(b)(3)
Golden American Life Insurance Company
PROSPECTUS SUPPLEMENT
November 9, 1998
to the
Prospectus dated May 1, 1998 for
GoldenSelect/r/ DVA PLUS
Deferred Combination Variable and Fixed Annuity Contracts
issued by Golden American Life Insurance Company
________________________
We have reduced the minimum amount that you can transfer (i) to or from a
Fixed Allocation or a Division of Account B (including transfers made in
connection with the dollar cost averaging program), and (ii) among the
Divisions and the Fixed Allocations, from $250 to $100. In addition, the
minimum amount of Accumulation Value required in the Limited Maturity
Bond Division, the Liquid Asset Division or the 6-month or 1-year Fixed
Allocation required in order to participate in the dollar cost averaging
program is reduced from $10,000 to $1,200.
In connection with our dollar cost averaging program, we may also offer
DCA Fixed Allocations, which are Fixed Allocations with 6-month and 1-
year Guarantee Periods available exclusively in conjunction with our
dollar cost averaging program. In order to invest in a DCA Fixed
Allocation, you must pay a minimum premium payment of $1,200 which we
will direct into a DCA Fixed Allocation at the time of the premium
payment. We require that the premium payment be either an initial
premium payment (in which case, a minimum initial premium payment is
required as described in your GoldenSelect/r/ Prospectus) or a
subsequent premium payment. You may not transfer Accumulation Value
already existing in your Contract into a DCA Fixed Allocation. During
the period that we offer DCA Fixed Allocations, all new premium payments
received for Fixed Allocations will be automatically allocated to a DCA
Fixed Allocation with the corresponding Guarantee Period, if available,
unless you specify to us at the time of your premium payment that you
are purchasing a regular Fixed Allocation. The dollar cost averaging
program with respect to a DCA Fixed Allocation and a Fixed Allocation
operate concurrently but are independent from each other. Transfers
between a DCA Fixed Allocation and a regular Fixed Allocation under the
dollar cost averaging program are not permitted.
Similar to regular Fixed Allocations, we credit fixed annual interest
rates to DCA Fixed Allocations. The interest rates credited to DCA
Fixed Allocations may differ from one another, as well as from the
regular Fixed Allocations. Under the dollar cost averaging program, we
transfer, on a monthly basis, from your DCA Fixed Allocation(s) a set
dollar amount (the "DCA Transfer Amount") to the Division(s) of Account
B selected by you and based on the allocation percentage determined by
you. The monthly DCA Transfer Amount is the initial Accumulation Value
in your DCA Fixed Allocation, divided by 6 or 12, as the case may be.
The last DCA Transfer Amount will include the interest credited. The
DCA Transfer Amount is fixed and is not affected in the event you make
any transfers from a DCA Fixed Allocation outside the scope of the
dollar cost averaging program. Therefore, any transfers from a DCA
Fixed Allocation made outside the scope of the dollar cost averaging
program will shorten the Guarantee Period.
You may invest in more than one DCA Fixed Allocation or Fixed Allocation
at the same time, but all transfers under dollar cost averaging programs
operating concurrently will be allocated to all of the Division(s) of
Account B selected by you on the same allocation percentage.
Transfers from a DCA Fixed Allocation made under the dollar cost
averaging program are not subject to a Market Value Adjustment.
However, if you terminate the dollar cost averaging program for a DCA
Fixed Allocation and there is Accumulation Value remaining in the DCA
Fixed Allocation, we will immediately transfer the remaining
Accumulation Value to the Liquid Asset portfolio unless you give us
alternate transfer instructions. Such transfer, as well as any transfer
from a DCA Fixed Allocation outside the scope of the dollar cost
averaging program, will trigger a Market Value Adjustment if the
transfer is made more than 30 days before the maturity date of the DCA
Fixed Allocation.
A DCA Fixed Allocation may not participate in systematic withdrawals.
Except as provided in this Supplement, general provisions under our
dollar cost averaging also apply to the DCA Fixed Allocations. See
"Facts About the Contract - Dollar Cost Averaging." We may in the
future stop offering DCA Fixed Allocations or otherwise modify, suspend
or terminate this program. Of course, such change will not affect any
dollar cost averaging programs in operation at the time.
All capitalized terms, except "DCA Fixed Allocation" and "DCA Transfer
Amount" which are introduced in this Supplement, have the same meanings
ascribed to them in your GoldenSelect/r/ Prospectus.
This Supplement should be retained with your GoldenSelect/r/ Prospectus.
G3306-DCA 11/09/98
