File No. 33-23512, 811-5629
Filed under Rule 497(e)
The GCG Trust
Statement of Additional Information Supplement
November 25, 1997
to the
Statement of Additional Information dated May 1, 1996
for
The GCG Trust
Each Series may be categorized as to its market
capitalization make-up ("large cap," mid cap" or "small cap")
with regard to the market capitalization of the issuers whose
securities it holds. A Series average or median market
capitalization may also be cited. Certain other statistical
measurements may be used to provide measures of a Series'
characteristics. Some of these statistical measures include
without limitation: median or average P/E ratios, duration and
beta. Median and average P/E ratios are measures describing the
relationship between the price of a Series' various securities
and their earnings per share. Duration is a weighted-average
term-to-maturity of the bond's cash flows, the weights being the
present value of each cash flow as a percentage of the bond's
full price. Beta is a historical measure of a portfolio's market
risk; a Beta of 1.10 indicates that the portfolio's returns
tended to be 10% higher (lower) than the market return during
periods in which market returns were positive (negative).
