<PAGE>
<PAGE>
File No. 33-59261, 811-5626
Filed under Rule 497(e)
GOLDEN AMERICAN LIFE INSURANCE COMPANY
1001 Jefferson Street, Wilmington, DE 19801
Tel: (800) 366-0066
Fax: (302) 576-3430
July 17, 1998
Dear Granite PrimElite Contractowner:
On December 15, 1997, we, together with The GCG Trust (the
"GCG Trust"), the Equi-Select Series Trust (the "ESS
Trust"), our affiliated insurance companies and the separate
accounts invested in the Trusts, filed an application (the
"Application") with the Securities and Exchange Commission
(the "SEC"). We are pleased to notify you that we expect the
SEC to issue an order, on or about August 12, 1998, granting
the relief requested by the Application. A notice of the
Application was published by the SEC on July 16, 1998, in
anticipation of the order to be issued by them. This order
will permit separate accounts investing in the ESS Trust
Portfolios to substitute shares of certain GCG Trust Series
for shares of the ESS Trust Portfolios as described in the
current prospectuses for your variable contract and the
Trusts. See "Introduction, Proposed Trust Consolidation and
The GCG Trust" in your variable contract prospectus. The
consolidation of the ESS Trust into the GCG Trust is
expected to take place after the close of business on August
14, 1998, or as soon thereafter as is administratively
feasible. Affected contractowners will receive confirmations
after substitution has taken place.
After substitution, certain Series of the GCG Trust will
continue to be available for allocation purposes, but the
Portfolios of the ESS Trust will no longer be available.
If you have any questions regarding the substitution, please
contact Customer Service at 800-366-0066.
Golden American Life Insurance Company
Customer Service
Granite PrimElite
<PAGE>
<PAGE>
File No. 33-59261, 811-5626
Filed under Rule 497(e)
Golden American Life Insurance Company
PROSPECTUS SUPPLEMENT
July 17, 1998
to the
Prospectuses dated May 1, 1998 for
Granite PrimElite Variable Annuity Contracts
issued by Golden American Life Insurance Company
|--------------------------------------------------------------------|
| |
| On December 15, 1997, Golden American Life Insurance Company |
| ("Golden American"), together with The GCG Trust (the "GCG |
| Trust"), the Equi-Select Series Trust (the "ESS Trust"), |
| Golden American's affiliated insurance companies and the |
| separate accounts invested in the Trusts, filed an |
| application (the "Application") with the Securities and |
| Exchange Commission (the "SEC"). Golden American is pleased |
| to notify contractowners that they expect the SEC to issue |
| an order, on or about August 12, 1998, granting the relief |
| requested by the Application. A notice of the Application |
| was published by the SEC on July 16, 1998, in anticipation |
| of the order to be issued by them. This order will permit |
| separate accounts investing in the ESS Trust Portfolios to |
| substitute shares of certain GCG Trust Series for shares of |
| the ESS Trust Portfolios as described in the current |
| prospectuses for each variable contract and the Trusts. See |
| "Introduction, Proposed Trust Consolidation and The GCG |
| Trust" in the variable contract prospectus. The |
| consolidation of the ESS Trust into the GCG Trust is |
| expected to take place after the close of business on August |
| 14, 1998, or as soon thereafter as is administratively |
| feasible. Affected contractowners will receive confirmations |
| after substitution has taken place. |
| |
| After substitution, certain Series of the GCG Trust will |
| continue to be available for allocation purposes, but the |
| Portfolios of the ESS Trust will no longer be available. |
| |
| If you have any questions regarding the substitution, please |
| contact Customer Service at 800-366-0066. |
| |
|--------------------------------------------------------------------|
This supplement should be retained with your Granite
PrimElite Prospectus.
PE-NH-SUB 7/17/98
