GCG TRUST
497, 1997-12-30
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                                                   File No. 33-23512, 811-5629
                                                      Filed under Rule 497(e)
The GCG Trust

                                
                      Prospectus Supplement
                                
                        December 29, 1997

                                
                        Supplement to the
               Prospectus dated May 1, 1997 for
                             the
                             
             Market Manger Series of The GCG Trust

Effective immediately, Robert F. Bowman will assume responsibility for
the day-to-day portfolio management activities for the Market Manager
Series. 

Mr. Bowman has served as the senior portfolio manager responsible for
the day-to-day management of the Limited Maturity Bond Series of The 
GCG Trust since August, 1996. Mr. Bowman has been employed by the Port-
folio Manager as a Managing Director since 1986. He joined Equitable
Investment Services, Inc., the Portfolio Manager of the Market Manager
Series, as Executive Vice President in 1986, and has over 18 years of
direct investment experience.

This supplement should be retained with your Prospectus for the Market
Manager Series of The GCG Trust.





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