File No. 33-59261, 811-5626
Filed under Rule 497(e)
Prospectus Supplement
Supplement to the Prospectus dated May 1, 1997 for
Deferred Combination Variable and
Fixed Annuity Contracts issued
by Golden American Life Insurance Company
for use only in the State of Washington
____________
September 8, 1997
The following information supplements and replaces certain
information contained in the Deferred Combination Variable
and Fixed Annuity Prospectus, dated May 1, 1997 (the
"Prospectus"). All capitalized terms have the meaning set
forth in the Prospectus. This supplement should be retained
with your Prospectus.
GoldenSelect DVA Plus contracts issued to delivery in the
State of Washington will have a "5.5% Enhanced Death Benefit
Option." This option replaces that referred to as the "7%
Solution Enhanced Death Benefit Option" in the Prospectus.
The following describes the option and its features.
The following replaces the paragraph titled "7% Solution
Enhanced Death Benefit Option" on page 4 of the Prospectus:
5.5% Solution Enhanced Death Benefit Option
An enhanced death benefit option that may be elected only at
issue and only if the Owner or Annuitant (when the Owner is
other than an individual) is age 80 or younger. The
enhanced death benefit provided by this option is equal to
an annual rate of return of 5.5% on all assets, except those
invested in the Liquid Asset Division, Limited Maturity Bond
Division, and the Fixed Account, as adjusted for additional
premiums and partial withdrawals. Each accumulated initial
or additional premium payment reduced by any partial
withdrawals taken will continue to grow at 5.5% for as long
as the contract remains in force.
The following supplements the section titled "Fee Table,"
beginning on page 7 of the Prospectus:
The following changes the table titled "Annual Contract
Fees" on page 7:
Administrative Charge...................... $30
The following changes the table titled "Separate Account
Annual Expenses" on page 7:
Replace the column headed "7% Solution" with a column
identical to the column "Annual Ratchet" but headed "5.5%
Solution" under the heading "Enhanced Death Benefit" (shown
below):
5.5% Solution
Mortality and Expense Risk Charge........ 1.25%
Asset Based Administrative Charge........ 0.15%
------
Total Separate Account Expenses.......... 1.40%
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The examples shown on pages 8 and 9 of the Prospectus are
the highest expenses associated with a contract which would
occur based on the election of the 7% Solution Enhanced
Death Benefit Option. If all other assumptions are the
same, the fees associated with an election of the 5.5%
Solution Enhanced Death Benefit Option would not exceed
those shown on pages 8 and 9.
The following changes the first two paragraphs under the
heading "Death Benefit Options" on page 27:
Replace the text "7% Solution" with "5.5% Solution" in all
instances and change the issue age from "75 or younger" to
"80 or younger."
The following replaces the discussion titled "7% Solution
Enhanced Death Benefit Option" beginning on page 27 of the
Prospectus:
5.5% Solution Enhanced Death Benefit Option
(1) We take the enhanced death benefit from the prior
Valuation Date. On the Contract Date, the enhanced
death benefit is equal to the Initial Premium.
(2) We calculate interest on (1) for the current Valuation
Period at the enhanced death benefit interest rate,
which rate is an annual rate of 5.5%; except that with
respect to amounts in the Liquid Asset Division and the
Limited Maturity Bond Division, the interest rate
applied to such amounts will be the respective net rate
of return for such Divisions during the current
Valuation Period, if it is less than an annual rate of
5.5%; and except with respect to amounts in a Fixed
Allocation, the interest rate applied to such amounts
will be the interest credited to such Fixed Allocation
during the current Valuation Period, if it is less than
an annual rate of 5.5%.
(3) We add (1) and (2).
(4) We add to (3) any additional premiums paid during the
current Valuation Period.
(5) We subtract from (4) any partial withdrawals (including
any Market Value Adjustments and surrender charges
incurred) made during the current Valuation Period.
The following supplements the paragraph titled "Administrative
Charge," appearing on page 30 of the Prospectus:
The administrative charge, if applicable, is $30 per Contract
Year.
The following supplements the paragraph titled "Mortality and
Expense Risk Charge," beginning on page 30 of the Prospectus:
The annual charge for the mortality and expense risk is the
same a s that described for the Annual Ratchet Death Benefit
Option. If the 5.5% Solution Death Benefit Option is elected,
the charge is equivalent, on an annual basis, to 1.25% of
the assets in each Division. The charge is deducted on each
Valuation Date at the rate of .003446% for each day in the
Valuation Period. Approximately 0.90% is allocated to the
mortality risk and .35% is allocated to the expense risk.
Golden American Life Insurance Company
Golden American Life Insurance Company is a stock company
domiciled in Wilmington, Delaware
IN 3307 9/97
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