GCG TRUST
497, 1998-01-02
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                                                    File No. 33-23512, 811-5629
                                                        Filed under Rule 497(e)
 The GCG Trust

                                
                           Prospectus Supplement
                                
                               January 2, 1998

                                   to the 
                                
                         Prospectus dated May 1, 1996 
             as Supplemented July 9, 1997 and October 24, 1997 for
                                
                                 The GCG Trust


     Effective January 2, 1998, ING Investment Management, LLC ("IIM LLC"), an
affiliate  of Equitable  Investment Services, Inc.  ("EISI"), is  assuming the
portfolio  management responsibilities of EISI, for the Market Manager Series,
Limited  Maturity Bond  Series and Liquid  Asset Series of  The GCG Trust (the
"Trust"), pursuant  to the  Portfolio  Management  Agreement dated October 24,
1997.  The EISI  personnel who  managed these portfolios have moved to IIM LLC
and no changes in investment personnel are anticipated for any portfolio.

This supplement should be retained with your Prospectus for The GCG Trust.


G3059-IIM  1/98











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