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Letterhead of General American
VIA EDGAR
---------
January 9, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: GENERAL AMERICAN LIFE INSURANCE COMPANY
SEPARATE ACCOUNT ELEVEN--VGSP
FILE NO. 33-48550
Ladies and Gentlemen:
Pursuant to Rule 497(d) of the Securities Act of 1933, as amended, attached
hereto please find a prospectus supplement for General American Life Insurance
Company's VGSP (File No. 33-48550). The supplement sets forth the change of
portfolio name, investment objective, and portfolio manager of two of General
American Capital Company's funds which policyholders who have funds in VGSP
may invest. The supplement will be incorporated into the prospectus effective
immediately.
If you have any questions regarding this filing, please call me at
(314) 444-0499.
Sincerely,
/s/ Christopher A. Martin
Christopher A. Martin
cc: Matthew P. McCauley
Gordon E. Bess
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(Amendment to Flexible Premium Variable Life Insurance Policy prospectus
page 8. This information replaces the descriptions of the International
Equity Fund and Special Equity Fund of General American Capital Company.)
GENERAL AMERICAN CAPITAL COMPANY
Effective January 1, 1997, the name, investment strategy, and portfolio manager
of two of the funds offered by General American Capital Company have changed.
The changes, which were approved by a shareholder vote December 16, 1996,
are as follows:
The International Equity Fund is now known as the International Index Fund,
and the Special Equity Fund is now known as the Mid-Cap Equity Fund. Conning
Asset Management Company, the investment adviser for both funds, has taken
over the portfolio management of both funds in place of Provident Capital
Management, Inc., the former investment sub-adviser for the funds.
The new investment objective and policies of each of these two funds are
summarized below:
International Index Fund: The investment objective of this Fund is to
obtain investment results that parallel the price and yield performance
of publicly-traded common stocks in the Morgan Stanley Capital
International, Europe, Australia, and Far East Index (the "EAFE Index").
This Fund pursues this objective by following a passively-managed
international index strategy of replicating to the extent possible
the performance of the EAFE Index.
Mid-Cap Equity Fund: The investment objective of this Fund is long-term
capital appreciation, which it pursues through investment primarily in
common stocks of United States-based, publicly-traded companies with
medium market capitalizations. Medium market capitalization companies
are those whose market capitalization falls within the capitalization
range of the Standard & Poor's MidCap 400 at the time of the Fund's
investment.
VGSP
