THE GCG TRUST
Supplement dated February 10, 1997 to
Prospectus dated February 3, 1997
Warburg, Pincus Counsellors, Inc. has resigned as the
Portfolio Manager to the Managed Global Series of The GCG
Trust (the "Trust"), effective at the close of business on
February 28, 1997. Additionally, Bankers Trust Company has
resigned as the Portfolio Manager to the Market Manager
Series and the Emerging Markets Series of the Trust, also
effective at the close of business on February 28, 1997. At
a recent meeting, the Trust's Board of Trustees approved a
portfolio management agreement among the Trust, Directed
Services, Inc. ("DSI") and Equitable Investment Services,
Inc. ("Equitable Investment Services") appointing Equitable
Investment Services as Portfolio Manager of the Market
Manager Series. DSI, the Manager to the Trust, expects to
announce successor portfolio managers to the Managed Global
and Emerging Markets Series by February 28, 1997.
The agreement approved by the Trustees is substantially
similar to the current portfolio management agreement for
the Market Manager Series including the compensation to be
paid to Equitable Investment Services. Additionally, the
Trustees voted to submit this agreement to the shareholders
of the Market Manager Series for their approval.
Equitable Investment Services
Equitable Investment Services currently serves as
portfolio manager to the Liquid Asset Series and the Limited
Maturity Bond Series of the Trust and will assume portfolio
management of the Market Manager Series on March 1, 1997.
Bryan L. Borchert, Managing Director of Equitable
Investment Services, will be responsible for management of
the Market Manager Series. Mr. Borchert has been an
investment professional with Equitable Investment Services
since 1987.
