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File No. 33-23512, 811-5629
Filed under Rule 497(c)
THE GCG TRUST
PROSPECTUS SUPPLEMENT
FEBRUARY 1, 2000
TO THE
PROSPECTUS DATED MAY 1, 1999, AS AMENDED JUNE 30, 1999,
AUGUST 17,1999, SEPTEMBER 30,1999 AND DECEMBER 7,1999 FOR THE GCG TRUST
On January 28, 2000, at a meeting of the shareholders of the
Small Cap Series and the Managed Global Series of The GCG Trust,
the shareholders of each Series voted separately to approve the
appointment of Capital Guardian Trust Company ("Capital
Guardian") as Portfolio Manager to each Series. Additionally,
the shareholders approved a new portfolio management agreement
(the "Agreement") with Capital Guardian on behalf of the each
Series to become effective February 1, 2000.
CAPITAL GUARDIAN TRUST COMPANY
Capital Guardian, 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 September 30, 1999.
The Series' portfolios are managed by a team of portfolio
managers. Each portfolio is divided into segments, and each has
its own manager who makes independent decisions within portfolio
guidelines and objectives.
In selecting investments for the Managed Global Series, Capital
Guardian seeks to identify foreign stocks that it believes have
an attractive valuation, high return on invested capital,
excellent cash flow, strong balance sheets and strong management.
Capital Guardian uses a research driven "bottom-up" approach in
that decisions are made based upon extensive field research and
direct company contact. Capital Guardian blends its basic value-
oriented approach with macroeconomic and political judgements on
the outlook for economies, industries, currencies and markets.
When assessing companies for the Small Cap Series, the team uses
a value-oriented approach in which it tries to identify the
differences between the underlying value of a company and the
price of its security. Value is identified in a number of ways,
including the relationship of the stock's current price to
earnings, the strength of the company's balance sheet, and the
price-to-book value. The team looks at a number of variables,
including the fundamental long-term outlook for the company, the
extent to which shares may be considered undervalued and the
expectations of the market as a whole.
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