PROSPECTUS SUPPLEMENT
Supplement to the
Prospectus dated May 1, 1995 for
Deferred Variable Annuity Contracts issued
by Golden American Life Insurance Company
(the "GoldenSelect DVA Prospectus")
_________________
This supplement should be retained with your Prospectus.
This Prospectus Supplement is to be used only in conjunction with
the special limited time exchange offer (the "Exchange Offer")
available to Fund For Life contractholders. This Exchange Offer
is open until June 27, 1995.
The Fee Table on page 5 of the GoldenSelect DVA Prospectus is
modified with respect to Fund For Life contractholders who
exchange their policy for the GoldenSelect DVA as follows:
1. Under the caption "Owner Transaction Expenses", the
Distribution Fee is waived.
2. Under the caption "Owner Transaction Expenses", the
Surrender Charge is waived.
3. Under the caption "Separate Account Annual Expenses",
the Mortality and Expense Risk Charge is reduced to
0.70% of assets in each Separate Account Division.
All other fees and charges contained in the Fee Table, including
the $40 Administrative Charge, are applicable.
In addition, the Guaranteed Death Benefit described under the
caption "Facts About the Contract, Proceeds Payable to the
Beneficiary" on page 26 of the GoldenSelect DVA Prospectus is not
available through the Exchange Offer. Instead the Death Benefit
available under the Exchange Offer will be equal to the greater
of (i) accumulation value and (ii) total premiums less partial
withdrawals.
Finally, note that multiple investment allocations are available
in the GoldenSelect DVA Prospectus and that accumulation value
may be reallocated. See "Facts About the Contract, Your Right to
Reallocate" on page 21.
