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
Flexible Premium Variable Life Insurance Policies
issued by Golden American Life Insurance Company
(the "GoldenSelect Genesis I and GoldenSelect Genesis Flex
Prospectus")
__________
This supplement should be retained with your
GoldenSelect Genesis I and GoldenSelect Genesis Flex
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.
IN 3458-ACQ 8/96
