<PAGE>
<PAGE>
File No. 333-65009
Filed under Rule 424(b)(3)
GOLDEN AMERICAN INSURANCE COMPANY
PROSPECTUS SUPPLEMENT
DATED FEBRUARY 18, 1999
Supplement to the
Prospectus dated December 7, 1998 for
DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACT
issued
by Golden American Life Insurance Company
(the "GoldenSelect Premium Plus Prospectus")
__________
This supplement should be retained with your Prospectus.
The following information supplements the GoldenSelect
Premium Plus Prospectus. Capitalized terms have the meanings
described in the Prospectus.
For any Contract whose Owner (older Owner in the case of
joint owners) or Annuitant (when the Owner is not an
individual) has an Attained Age of less than 70, Golden
American Life Insurance Company ("Golden American") will add
a Credit of 5% to any premium paid on any existing or new
Contract on or after March 1, 1999, with one exception which
is described below. This 5% Credit consists of a 4%
contractual guarantee and a 1% credit enhancement. The
credit enhancement on future premium payments (but not the
contractual guarantee) may be reduced or eliminated at
Golden American's option at anytime with 30 days notice.
EXCEPTION TO ADDITION OF 1% CREDIT ENHANCEMENT: Because of
potential interest rate differences, premium payments for
exchange transactions under Section 1035 of the Internal
Revenue Code pending on March 1, 1999 may not receive the 5%
Credit. Any eligible application with one or more fixed
allocations selected, and for which Golden American has not
yet received funding, will receive the 4% Credit as
described in the prospectus unless the applicant requests
otherwise in writing, subject to our rules, prior to our
receipt of the funding. In addition to receiving the credit
enhancement, the fixed allocation(s) provided for in the
contract when issued will be subject to interest rates
(which may be lower) then in effect at issue.
