File Nos. 333-28769; 811-05626
Filed under Rule 497(e)
GOLDEN AMERICAN LIFE INSURANCE COMPANY
PROSPECTUS SUPPLEMENT
JANUARY 7, 1998
SUPPLEMENT TO THE PROSPECTUS DATED OCTOBER 1, 1997 AS AMENDED
OCTOBER 1, 1997, OCTOBER 29, 1997 and JANUARY 5, 1998 FOR
DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACTS
(THE "GOLDENSELECT/r/ ACCESS PROSPECTUS")
ISSUED BY GOLDEN AMERICAN LIFE INSURANCE COMPANY
FOR USE ONLY IN THE STATE OF WASHINGTON
__________
The following information supplements and replaces certain
information contained in the Deferred Combination Variable
and Fixed Annuity Prospectus, dated October 1, 1997 (the
"Prospectus"), as amended October 1, 1997, October 29, 1997
and January 5, 1998. All capitalized terms have the meaning
set forth in the Prospectus. This supplement should be
retained with your Prospectus.
GoldenSelect ACCESS contracts issued for 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 2 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
premiums paid accumulated at an annual rate of return of
5.5%, except on those premiums invested in the Liquid Asset
Division, Limited Maturity Bond Division, and the General
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........ 1.40%
Asset Based Administrative Charge........ 0.15%
------
Total Separate Account Expenses.......... 1.55%
<PAGE>
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 31:
Replace the text "7% Solution" with "5.5% Solution" in all
instances.
The following replaces the discussion titled "7% Solution
Enhanced Death Benefit Option" beginning on page 31 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 that
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 surrender charges incurred) made during the current
Valuation Period.
The following supplements the paragraph titled "Administrative
Charge," appearing on page 33 of the Prospectus:
The administrative charge, if applicable, is $30 per Contract
Year.
The following supplements the paragraph titled "Mortality and
Expense Risk Charge," appearing on page 34 of the Prospectus:
The annual charge for the mortality and expense risk is the
same as 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 1.40% of
the assets in each Division. The charge is deducted on each
Valuation Date at the rate of .003863% for each day in the
Valuation Period.
This supplement should be retained with your GoldenSelect/r/ ACCESS
Prospectus.
Golden American Life Insurance Company
Golden American Life Insurance Company is a stock company domiciled
in Wilmington, Delaware
IN G3710-WA ACCESS 1/98 GoldenSelect ACCESS
