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File No. 33-23512, 811-5629
Filed under Rule 497(e)
THE GCG TRUST
PROSPECTUS SUPPLEMENT
MARCH 10, 2000
TO THE
PROSPECTUS DATED MAY 1, 1999, AS AMENDED JUNE 30, 1999,
AUGUST 17, 1999, SEPTEMBER 3, 1999 AND DECEMBER 10, 1999
The following change is taking place for the Real Estate Series of
the GCG Trust:
The Board of Trustees (the "Trustees") of The GCG Trust (the
"Trust"), at a meeting on February 17, 2000, approved a new portfolio
management agreement (the "Agreement") on behalf of the Real Estate
Series (the "Series") with Prudential Investment Corporation ("PIC")
among the Trust, Directed Services, Inc. and PIC. With the approval
of the Agreement, the Trustees appointed PIC as Portfolio Manager to
the Series to become effective on April 28, 2000, subject to
shareholder approval. The Agreement will not result in increased
fees to the shareholders of the Series. The Trustees also approved
submitting the Agreement, together with their recommendation of
approval; to the shareholders for their approval at a meeting
schedule for April 24, 2000.
PRUDENTIAL INVESTMENT CORPORATION AND PRUDENTIAL REAL ESTATE
SECURITIES INVESTORS
A unit of PIC, Prudential Real Estate Securities Investors
(PRESI), that specializes in real estate securities, will be
responsible for the day-to-day management of the Series. PRESI,
located at Gateway Center 2, McCarter Highway & Market Street,
Newark, NJ 07102, is a public real estate securities unit of
Prudential Real Estate Investors (PREI), located at the same address.
PREI is one of several specialized investment management groups that
operate under PIC, a registered investment advisor, located at
Prudential Plaza, Newark, NJ 07102-4077. PIC is a direct subsidiary
of The Prudential Insurance Company of America ("The Prudential"),
located at the same address as PIC. PIC currently serves as the
investment advisor to substantially all of the funds within the
Prudential mutual fund complex. As of February 29, 2000, PIC served
as an investment advisor to approximately 48 of the Prudential Mutual
Funds. PRESI, a further specialized investment management
subdivision of PREI that will provide investment advisory services to
the Series, provides both discretionary and non-discretionary
investment advisory services to its clientele, which consists of
investment companies, employee retirement plans and other
institutional investors, including the general account of The
Prudential. PRESI specializes in investing in publicly traded equity
securities of Real Estate Investment Trusts (REITs) and Real Estate
Operating Companies (REOCs). The investment approach used in making
investment decisions is value-oriented adaptation of economic value
added analysis. As of December 31, 1999, PRESI, together with the
other PIC investment management groups, managed over $141 billion in
assets.
The following change is taking place for the Emerging Markets
series of the GCG Trust:
On March 10, 2000, at a Special Meeting of the Shareholders of
the Emerging Markets Series of The GCG Trust, the shareholders voted
to approve the appointment of Baring International Investment Limited
("Baring") as Portfolio Manager to the Emerging Markets Series, and
concurrently voted to approve a new portfolio management agreement
with Baring on behalf of the Emerging Market Series, to become
effective on March 15, 2000.
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BARING INTERNATIONAL INVESTMENT LIMITED
Baring, located at 155 Bishopgate, London, England, is registered
under the Investment Advisors Act of 1940 and provides investment
management services. Baring is a wholly owned subsidiary of Baring
Asset Management Holdings Limited ("BAMHL"), also located at 155
Bishopgate, London, England and registered in England and Wales.
BAMHL, an affiliate of DSI, is also a wholly owned subsidiary of ING
Groep, N.V. ("ING"). ING is the parent of the worldwide group of
investment management companies that operate under the collective
name Baring Asset Management ("BAM").
BAM provides global investment management services to U.S. investment
companies and maintains major investment offices in Boston, London,
Hong Kong and Tokyo. BAM's predecessor corporation was founded in
1762. BAM provides advisory services to institutional investors,
offshore investment companies, insurance companies and private
clients. As of December 31, 1999, BAM managed approximately $56.2
billion in assets.
Baring Currently acts as investment advisor to the Global Fixed
Income Series, the Developing World Series and the Hard Assets
Series, which are other series of the GCG Trust, and other U.S.
registered investment companies. Baring serves as advisor to
individuals, banks, non-U.S. registered investment companies, pension
and profit sharing plans, estates and charitable organizations,
corporations or other business entities.
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