GCG TRUST
497, 2000-12-29
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ING  VARIABLE  ANNUITIES
THE GCG TRUST


                             PROSPECTUS SUPPLEMENT

                            DATED DECEMBER 29, 2000

                          SUPPLEMENT TO THE PROSPECTUS
                             DATED MAY 1, 2000 FOR
                                 THE GCG TRUST


                           _________________________

You should keep this supplement with your Prospectus.

The following  information  replaces all but the first paragraph of the "More on
the Portfolio  Manager"  section's  discussion  of investment  personnel for the
Strategic  Equity Series in the  "Description of the Portfolios"  section of the
prospectus.

Name                    Position and Recent Business Experience
-----                   ---------------------------------------
Robert M. Kippes        Senior Portfolio Manager

                        Mr. Kippes has been  associated  with AIM Capital since
                        1989.

Kenneth A. Zschappel    Senior Portfolio Manager

                        Mr. Zschapple has been associated with AIM Capital and/
                        or its affiliates since 1990.

Ryan E. Crane           Portfolio Manager

                        Mr. Crane has been associated with AIM Capital since
                        1994.

Jay K. Rushin           Portfolio Manager

                        Mr. Rushin has been associated with AIM Capital from
                        1998 to the present and 1994 to 1996.  During the period
                        of 1996 to 1998, Mr. Rushin worked as an associate
                        equity analyst at Prudential Securities.

AIM Capital Management, Inc. also manages the Capital Appreciation Portfolio.







ING  VARIABLE  ANNUITIES


109039                                                                  12/29/00


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