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File No. 33-23512, 811-5629
Filed under Rule 497(e)
THE GCG TRUST
PROFILE
AND
PROSPECTUS SUPPLEMENT
December 10, 1999
TO THE
PROFILE AND PROSPECTUS DATED MAY 1, 1999, AS AMENDED JUNE 30, 1999,
AUGUST 17, 1999 AND SEPTEMBER 3, 1999 FOR THE GCG TRUST
The following changes are taking place for the Small Cap Series
and the Managed Global Series of the GCG Trust:
The Board of Trustees (the "Trustees") of The GCG
Trust (the "Trust"), at a meeting on November 16, 1999, approved a new
portfolio management agreement on behalf of the the Small Cap Series
and the Managed Global Series of the Trust. The parties to this agreement
(the "Capital Guardian Agreement" or the "Agreement") are the Trust, Directed
Services, Inc. ("DSI") and Capital Guardian Trust Company ("Capital Guardian").
With the approval of the Capital Guardian Agreement, the Trustees appointed
Capital Guardian as Portfolio Manager to the Small Cap Series and the Managed
Global Series to become effective on February 1, 2000, subject to shareholder
approval. The portfolio management agreement currently in place regarding the
Small Cap Series with Fred Alger Management, Inc. (the " Fred Alger agreement")
will simultaneously terminate upon commencement of the Capital Guardian
Agreement. In addition, the portfolio management agreement currently in place
regarding the Managed Global Series with Putnam Investment Management, Inc.
(the Putnam Agreement") will simultaneously terminate upon commencement of the
Capital Guardian Agreement. The Agreement will not result in increase fees to
the shareholders of either Series.
The Board of Trustees voted to submit the Capital Guardian Agreement to
the shareholders of the Small Cap Series and to the shareholders of the
Managed Global Series of the Trust for their approval.
CAPITAL GUARDIAN TRUST CONMPANY
Capital Guardian Trust Company, located at 333 South Hope Street,
Los Angeles, CA 90071, is a wholly owned subsidiary of Capital
Group International, Inc. Capital Guardian has been providing
investment services since 1968 and manages approximately
$80 billion in assets as of Setember 30, 1999.
The Small Cap Series and Managed Global Series will be managed by a group
of investment professionals, each of whom has investment discretion
over a segment of the portfolios. The investment professionals
are led by the Portfolio Coordinator. The size of any segment will
vary over time and may be based upon: (1) the level of conviction
of specific investment professionals as to their designated sectors;
(2) industry weights within the relevant benchmark for the Portfolio;
(3) the judgment of the Portfolio Coordinator in assessing the level
of conviction of investment professionals compared to industry weights
within the relevant benchmark. Sectors may be overweighted relative
to their benchmark weighting if there is a substantial number of
stocks that are judged to be attractive based on the investment
professional's research in that sector, or may be
underweighted if there are relatively fewer stocks viewed to be
attractive in the sector. The Portfolio Coordinator also coordinates
the cash holdings of the Portfolios.
106154 12/99
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