Golden American Life Insurance Company
Golden American Life Insurance Company is a stock company
domiciled in Wilmington, Delaware
PROSPECTUS SUPPLEMENT
Dated August 14, 1996
Supplement to the
Prospectus dated May 1, 1996 for
Deferred Combination Variable and Fixed Annuity Contracts
issued by Golden American Life Insurance Company
(the "GoldenSelect DVA PLUS Prospectus")
__________
This supplement should be retained with your
GoldenSelect DVA PLUS Prospectus.
On August 13, 1996, Equitable of Iowa Companies ("Equitable
of Iowa") acquired all of the issued and outstanding capital
stock of Golden American Life Insurance Company ("Golden
American") and Directed Services, Inc. ("DSI"), an affiliate
of Golden American, and related assets. With assets of $1.1
billion as of June 30, 1996, Equitable of Iowa is the
holding company for Equitable Life Insurance Company of
Iowa, USG Annuity & Life Company, Locust Street Securities,
Inc., and Equitable Investment Services, Inc. ("EISI"). On
July 29, 1996, at a special meeting of the shareholders of
The GCG Trust (the "Trust"), the shareholders reapproved DSI
as the Manager of the Trust and appointed EISI to replace
Bankers Trust Company as Portfolio Manager of the Limited
Maturity Bond Series and the Liquid Asset Series of the
Trust such appointment to become effective at the time of
the acquisition.
Also on August 13, 1996, Paul Daniel Borge and Richard A.
Marin, both Managing Directors of Bankers Trust Company,
resigned their positions as directors of Golden American as
required by the stock purchase agreement between Equitable
of Iowa Companies and Bankers Trust Company. Concurrent
with the acquisition, Equitable of Iowa Companies, the sole
shareholder of the stock of EIC Variable, Inc., the
successor to BT Variable, Inc. and the corporate parent of
Golden American, elected Fred S. Hubbell, Lawrence V.
Durland, Jr., Terry L. Kendall, Paul E. Larson, Thomas L.
May, John A. Merriman, Beth B. Neppl, and Paul R. Schlaack
to serve as directors of Golden American.
Following the acquisition, Golden American will look to EIC
Variable, Inc. and Equitable of Iowa Companies and its
affiliates for services that were formerly provided by
Bankers Trust Company and its affiliates. Golden American's
principal office and operations will remain in Wilmington,
Delaware.
IN 3306-ACQ 8/96
