File No. 33-23512, 811-5629
Filed under Rule 497(e)
The GCG Trust
Prospectus Supplement
October 29, 1997
to the
Prospectus dated May 1, 1996 as Supplemented July 9, 1997
for
The GCG Trust
On October 24, 1997, ING Groep, N.V. ("ING") completed the
transaction to aquire Equitable of Iowa Companies ("Equitable of
Iowa"). At a meeting of shareholders on October 23, 1997,
Equitable of Iowa shareholders approved the terms of the agreement
of July 7, 1997, to merge Equitable of Iowa into ING. ING is now
the ultimate corporate parent of Directed Services, Inc. ("DSI"),
the manager and distributor of The GCG Trust, and Equitable
Investment Services, Inc. ("EISI"), a portfolio manager to the
Liquid Assets Series, the Limited Maturity Bond Series and the
Market Manager Series of The GCG Trust. ING, based in the
Netherlands, is a global financial services holding company with
over $289 billion in assets. On October 9, 1997, at special
meeting of the shareholders of The GCG Trust, the shareholders
approved the new management agreement between DSI and The GCG
Trust and each of the new portfolio management agreements among DSI,
The GCG Trust and the portfolio managers of The GCG Trust. These
agreements are effective as of October 24, 1997.
This supplement should be retained with your Prospectus for The
GCG Trust.
G3059-CLO 10/29/97
