SEPARATE ACCOUNT A OF EQUITABLE LIFE ASSU SOC OF THE US
485BPOS, 1998-08-18
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                                                     Registration No. 33-47949
                                                     Registration No. 811-1705
- --------------------------------------------------------------------------------

             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549
           --------------------------------------


                          FORM N-4


REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933               |_|

                Pre-Effective Amendment No.                           |_|
                                            ---
   
                Post-Effective Amendment No.  9                       |X|
                                            ---
    

                           AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940       |_|

   
                Amendment No.  61                                     |X|
                              ----
    

              (Check appropriate box or boxes)
               -------------------------------

                     SEPARATE ACCOUNT A
                             of
  THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
                 (Exact Name of Registrant)
                  -------------------------

  THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
                     (Name of Depositor)
    1290 Avenue of the Americas, New York, New York 10104
    (Address of Depositor's Principal Executive Offices)

 Depositor's Telephone Number, including Area Code: (212) 554-1234

                  -------------------------

                    MARY P. BREEN
        VICE PRESIDENT AND ASSOCIATE GENERAL COUNSEL

  The Equitable Life Assurance Society of the United States
    1290 Avenue of the Americas, New York, New York 10104
         (Names and Addresses of Agents for Service)
         -------------------------------------------

        Please send copies of all communications to:
                     PETER E. PANARITES
               Freedman, Levy, Kroll & Simonds
          1050 Connecticut Avenue, N.W., Suite 825
                   Washington, D.C. 20036
          ----------------------------------------



<PAGE>


         Approximate Date of Proposed Public Offering:  Continuous

         It is proposed that this filing will become effective 
         (check appropriate box):

   
|X|      Immediately upon filing pursuant to paragraph (b) of Rule 485.


         On May 1, 1998 pursuant to paragraph (b) of Rule 485.
    

|_|     60 days after filing pursuant to paragraph (a)(1) of Rule 485.

|_|     On (date) pursuant to paragraph (a)(1) of Rule 485.

|_|     75 days after filing pursuant to paragraph (a)(2) of Rule 485.

|_|     On (date) pursuant to paragraph (a)(3) of Rule 485.

 If appropriate, check the following box:

|_|     This post-effective amendment designates a new
        effective date for previously filed post-effective
        amendment.

Title of Securities Being Registered:

       Units of interest in Separate Account under variable annuity contracts.

                         -------------------------

<PAGE>


   
                                      NOTE

This Post Effective Amendment No. 9 ("PEA") to the Form N-4 Registration
Statement No. 33-47949 ("Registration Statement") of The Equitable Life
Assurance Society of the United States and its Separate Account A is being filed
soley for the purpose of filing electronically in Edgarized form, certain
exhibits listed under Part C, previously filed with the Registration Statement
in paper format, and incorparating by reference other pertinent exhibits, filed
electronically with Registration Statement No. 2-30070 on July 10, 1998. The PEA
does not amend or delete any other part of the Registration Statement.
    


<PAGE>

                                     PART C

                               OTHER INFORMATION
                               -----------------


Item 24.        Financial Statements and Exhibits
                ---------------------------------

   
    

                (b)   Exhibits.

   
                The following exhibits are refiled electronically:
    

   
    

   
                 3.   (a)    Sales Agreement, dated as of July 22, 1992, among
                             Equitable, Separate Account A and Equitable
                             Variable Life Insurance Company, as principal
                             underwriter for the Hudson River Trust, originally
                             filed with this Registration Statement No. 33-47949
                             on April 28, 1993, incorporated herein by reference
                             to Exhibit 3(b) to Registration Statement 2-30070
                             filed electronically on July 10, 1998.

                      (b)    Distribution and Servicing Agreement among Equico
                             Securities, Inc. (now EQ Financial Constultants,
                             Inc.) dated as of May 1, 1994, originally filed
                             with this Registration Statement No. 33-47949 on
                             April 13, 1995, incorporated herein by reference to
                             Exhibit 3(c) to Registration Statement No. 2-30070,
                             filed electronically on July 10, 1998.



                      (c)    Distribution Agreement by and between The Hudson
                             River Trust and Equico Securities, Inc. (now EQ
                             Financial Consultants, Inc.), dated as of January
                             1, 1995, originally filed with this Registration
                             Statement No.33-47949 on April 13, 1995,
                             incorporated herein by reference to Exhibit 3(d) to
                             Registration Statement 2-30070, filed
                             electronically on July 10, 1998.

                      (d)    Sales Agreement among Equico Securities, Inc. (now
                             EQ Financial Consultants, Inc.), Equitable and
                             Equitable's Separate Account A, Separate Account
                             No. 301 and Separate Account No. 51 dated as of
                             January 1, 1995, originally filed with this
                             Registration Statement No. 33-47949 on April 13,
                             1995, incorporated herein by reference to Exhibit
                             3(e) to Registration Statement 2-30070, filed
                             electronically on July 10, 1998.

                 4.   (a)    Form of group annuity contract and individual
                             annuity certificate, originally filed with this
                             Registration Statement No. 33-47949 on May 15,
                             1992, refiled electronically herewith.

                 5.   Form of application, originally filed with this 
                      Registration Statement No. 33-47949 on May 15, 1992, 
                      refiled electronically herewith.

                 9.   Opinion and Consent of Jonathan E. Gaines, Vice President 
                      and Associate General Counsel as to the legality of the 
                      securities being registered, originally filed with 
                      Pre-effective Amendment No. 1 to this Registration 
                      Statement No. 33-47949 on August 7, 1992, refiled
                      electronically herewith.
    


<PAGE>


   
                13.   (a)    Schedule for computation of Money Market Fund Yield
                             quotations, originally filed with this Registration
                             Statement No. 33-47949 on April 28, 1994, refiled
                             electronically herewith.

                      (b)    Separate Account A Performance Values Worksheets 
                             One-Year Standardized Performance for the Year 
                             Ending December 31, 1993, originally filed with 
                             this Registration Statement No. 33-47949 on 
                             April 28, 1994, refiled electronically herewith.

                14.   Notice concerning regulatory relief, originally filed with
                      this Registration Statement No. 33-47949 on May 15, 1992,
                      refiled electronically herewith.
    


                                       C-2
<PAGE>

                         SIGNATURES


   
         As required by the Securities Act of 1933 and the Investment Company
Act of 1940, the Registrant certifies that it meets the requirements of
Securities Act Rule 485(b) for effectiveness of this amendment to the
Registration Statement and has caused this amendment to the Registration
Statement to be signed on its behalf in the City and State of New York, on this
18th day of August, 1998.
    


                                       SEPARATE ACCOUNT A OF THE EQUITABLE LIFE
                                       ASSURANCE SOCIETY OF THE UNITED STATES
                                                     (Registrant)

                                       By:  The Equitable Life Assurance Society
                                                 of the United States

                                       By:        /s/ Maureen K. Wolfson
                                              --------------------------------
                                                      Maureen K. Wolfson
                                                        Vice President





                                      C-3
<PAGE>


                         SIGNATURES


   
         As required by the Securities Act of 1933 and the Investment Company
Act of 1940, the Depositor certifies that it has caused this Registration
Statement or Amendment thereto to be signed on its behalf in the City and State
of New York, on this 18th day of August, 1998.
    



                                       THE EQUITABLE LIFE ASSURANCE SOCIETY
                                                OF THE UNITED STATES
                                                     (Depositor)


                                        By:  /s/ Maureen K. Wolfson
                                            ------------------------------  
                                                 Maureen K. Wolfson
                                                   Vice President


         As required by the Securities Act of 1933 and the Investment Company
Act of 1940, this amendment to the registration statement has been signed by the
following persons in the capacities and on the date indicated:

PRINCIPAL EXECUTIVE OFFICERS:

Michael Hegarty                   President, Chief Operating officer and 
                                  Director

Edward D. Miller                  Chairman of the Board, Chief Execu-
                                  tive Officer and Director

PRINCIPAL FINANCIAL OFFICER:

Stanley B. Tulin                  Vice Chairman of the Board
                                  Chief-Financial Officer and Director

PRINCIPAL ACCOUNTING OFFICER:


/s/ Alvin H. Fenichel             Senior Vice President and Controller
- ------------------------
Alvin H. Fenichel
   
August 18, 1998
    

DIRECTORS:

Francoise Colloc'h       Donald J. Greene         G. Donald Johnston, Jr.  
Henri de Castries        John T. Hartley          George T. Lowy           
Joseph L. Dionne         John H.F. Haskell, Jr.   Edward D. Miller         
Denis Duverne            Michael Hegarty          Didier Pineau-Valencienne
William T. Esrey         Mary R. (Nina) Henderson George J. Sella, Jr.     
Jean-Rene Fourtou        W. Edwin Jarmain         Stanley B. Tulin         
Norman C. Francis                                 Dave H. Williams         



   
By: /s/ Maureen K. Wolfson 
    --------------------------
        Maureen K. Wolfson
        Attorney-in-Fact
    
August 18, 1998

                                       C-4
<PAGE>


                             EXHIBIT INDEX
                             --------------


<TABLE>
<CAPTION>
EXHIBIT NO.                                                                             TAG VALUE
- -----------                                                                             ---------
<S>        <C>                                                                          <C>

   

     4.   (a)   Form of Group Annuity Contract and Individual Annuity                   EX-99.4a CONTRACT
                certificate.

     5.   Form of Application.                                                          EX-99.5 APPLIC

     9.   Opinion and consent of Jonathan Gaines, Vice President and Associate          EX-99.9 OPINION
          General Counsel.

     13.  (a)  Schedule for computation of Money Market Yield quotations.               EX-99.13a YIELDS

     13.  (b)  Separate Account A Performance Values Worksheets.                        EX-99.13b FORMULAE

     14.  Notice concerning regulatory relief.                                          EX-99.14 NOTICE

</TABLE>
                                      C-5
    



CONTRACT                Group Annuity Contract No. AC 6688

CONTRACT HOLDER         United States Trust Company of New York as Trustee
                        under the Members Retirement Trust of The Equitable
                        Life Assurance Society of the United States and the
                        Pooled Trust for Members Retirement Plans of The
                        Equitable Life Assurance Society of the United States

REGISTER DATE           July 1, 1992

This Contract is issued in consideration of the payment to Equitable of the
Contributions made hereunder.

ASSETS HELD IN CONNECTION WITH THIS CONTRACT MAY BE HELD IN THE SEPARATE
ACCOUNT MAINTAINED BY EQUITABLE AND MAY INCREASE OR DECREASE IN VALUE AS
DESCRIBED IN THIS CONTRACT.

THE AMOUNT OF THE ANNUITY BENEFIT WILL BE EQUAL TO THE SUM OF ANY FIXED ANNUITY
BENEFIT AND ANY VARIABLE ANNUITY BENEFIT.  THE AMOUNT OF ANY VARIABLE ANNUITY
BENEFIT MAY INCREASE OR DECREASE AS DESCRIBED IN THIS CONTRACT.

The provisions of this Contract, which include the following pages, are agreed
to by the Contract Holder and Equitable.

FOR THE CONTRACT HOLDER                 FOR THE EQUITABLE

By______________________________        By______________________________
                                                Chairman of the Board and
                                                Chief Executive Officer

Title____________________________       By______________________________
                                                Vice President and Secretary

Dated__________________________         By______________________________
                                                Assistant Registrar

At      New York, New York              Date of Issue______________________
        ----------------------
        (Head Office)



                   INTEREST RATE GUARANTEE - FIXED AND VARIABLE
                        ANNUITY BENEFITS - PARTICIPATING



No. 1021-92                    AC 6688                                    

<PAGE>




                              TABLE OF CONTENTS

PART I - DEFINITIONS

        Section 1.01    -       Accumulation Unit                     4
        Section 1.02    -       Accumulation Unit Value               4
        Section 1.03    -       Active Loan                           4
        Section 1.04    -       Annuity Benefit                       4
        Section 1.05    -       Annuity Commencement Date             4
        Section 1.06    -       Annuity Unit                          4
        Section 1.07    -       Annuity Unit Value                    4
        Section 1.08    -       Average Annuity Unit Value            4
        Section 1.09    -       Business Day                          4
        Section 1.10    -       Cash Value                            5
        Section 1.11    -       Class of Employers                    5
        Section 1.12    -       Code                                  6
        Section 1.13    -       Contribution                          6
        Section 1.14    -       Divisions                             6
        Section 1.15    -       Employer                              6
        Section 1.16    -       Employer Plan                         6
        Section 1.17    -       Employer Plan Trustee                 6
        Section 1.18    -       Forfeiture Account                    6
        Section 1.19    -       Free Corridor Amount                  6
        Section 1.20    -       Funding Effective Date                7
        Section 1.21    -       Guaranteed Interest Rate              7
        Section 1.22    -       Investment Divisions                  7
        Section 1.23    -       Master Trust                          7
        Section 1.24    -       Minimum Guaranteed Rate               7
        Section 1.25    -       Net Investment Factor                 7
        Section 1.26    -       Old Plan Takeover Loan                8
        Section 1.27    -       Participant                           8
        Section 1.28    -       Participation Date                    8
        Section 1.29    -       Participation Year                    8
        Section 1.30    -       Plan                                  8
        Section 1.31    -       Pooled Trust                          9
        Section 1.32    -       Predecessor Contract                  9
        Section 1.33    -       Predecessor Contract Takeover Loan    9
        Section 1.34    -       Processing Office                     9
        Section 1.35    -       Restricted Withdrawal Amount          9
        Section 1.36    -       Retirement Account Value              9
        Section 1.37    -       Separate Account                      9
        Section 1.38    -       Source                                9
        Section 1.39    -       Transaction Date                     10
        Section 1.40    -       Transferred Participant              10
        Section 1.41    -       Trusteed Plan                        10
        Section 1.42    -       Valuation Period                     10



No. 1021-92                    AC 6688                                    Page 2

<PAGE>

PART II - RETIREMENT ACCOUNT VALUE

        Section 2.01    -       Contributions                        11
        Section 2.02    -       Transfers of Unallocated Amounts     11
        Section 2.03    -       Transfers from Predecessor Contract  11
        Section 2.04    -       Separate Account                     12
        Section 2.05    -       Guaranteed Interest Division         12
        Section 2.06    -       Allocation of Contributions to 
                                Divisions                            13
        Section 2.07    -       Transfers Among Divisions            13
        Section 2.08    -       Partial Withdrawal and Termination   14
        Section 2.09    -       Death Benefits                       15
        Section 2.10    -       Loans                                16
        Section 2.11    -       Fees and Charges                     18
        Section 2.12    -       Forfeitures                          21

PART III - ANNUITY BENEFITS

        Section 3.01    -       Fixed Annuity Benefit                22
        Section 3.02    -       Variable Annuity Benefit             22
        Section 3.03    -       Form of Annuity Benefit              22
        Section 3.04    -       Report for Annuity Benefit           23
        Section 3.05    -       Application to Provide Annuity 
                                Benefit                              23
        Section 3.06    -       Payment of Annuity Benefit           23

PART IV - GENERAL PROVISIONS

        Section 4.01    -       Contract                             25
        Section 4.02    -       Statutory Compliance                 25
        Section 4.03    -       Assignments and Non-transferability  25
        Section 4.04    -       Manner of Payment                    26
        Section 4.05    -       Right to Change                      26
        Section 4.06    -       Beneficiary                          27
        Section 4.07    -       Deferment                            27
        Section 4.08    -       Contract Holder's Responsibility     28
        Section 4.09    -       Employer's and Employer Plan
                                Trustee's Responsibility             29
        Section 4.10    -       Plan Qualification                   29
        Section 4.11    -       Participation in Surplus             29 

APPENDIX A      -       Tables of Guaranteed Annuity Payments        30



No. 1021-92                    AC 6688                                    Page 3
       
<PAGE>


                            PART I - DEFINITIONS


SECTION 1.01 ACCUMULATION UNIT.  The term "Accumulation Unit" means a measure
used by Equitable in determining the amount held with respect to a Participant
in an Investment Division of the Separate Account.

SECTION 1.02 ACCUMULATION UNIT VALUE.  The term "Accumulation Unit Value"
means, for a given Valuation Period, the Accumulation Unit Value for the
immediately preceding Valuation Period multiplied by the Net Investment Factor
for the given period.

SECTION 1.03 ACTIVE LOAN.  The term "Active Loan" means the principal amount of
any loan made to a Participant pursuant to Section 2.10, any Old Plan Takeover
Loan or any Predecessor Contract Takeover Loan, which, in any case, is neither
fully repaid nor deemed distributed under Section 72(p) of the Code.

SECTION 1.04 ANNUITY BENEFIT.  The term "Annuity Benefit" means a benefit
payable by Equitable pursuant to Part III of this Contract.

SECTION 1.05 ANNUITY COMMENCEMENT DATE.  The term "Annuity Commencement Date"
means a date, determined by the Employer or the Employer Plan Trustee and
reported in writing to Equitable pursuant to Section 3.04, as of which payments
under an Annuity Benefit are to begin.

SECTION 1.06 ANNUITY UNIT.  The term "Annuity Unit" means a measure used by
Equitable in determining amounts payable from the Stock Division of the
Separate Account under a Variable Annuity Benefit.

SECTION 1.07 ANNUITY UNIT VALUE.  The term "Annuity Unit Value" means, with
respect to a Variable Annuity for a given Valuation Period, the Annuity Unit
Value for the immediately preceding Valuation Period multiplied by the Adjusted
Net Investment Factor for the given Valuation Period.  The Adjusted Net
Investment Factor for a given Valuation Period is the Net Investment Factor for
such Period reduced for each calendar day in such Period by the Net Investment
Factor times (a) .00013366, if the Assumed Base Rate of Net Investment Return
is 5.00%, and (b) .00009425, if the Assumed Base Rate of Net Investment Return
is 3.50%. The Assumed Base Rate of Net Investment Return will be 5.00% except
in states where that rate is not permitted by law.

SECTION 1.08 AVERAGE ANNUITY UNIT VALUE.  The term "Average Annuity Unit Value"
means, with respect to a Variable Annuity for a calendar month, the average of
the Annuity Unit Values for all Valuation Periods ending in such month.

SECTION 1.09 BUSINESS DAY.  The term "Business Day" means generally any day on
which Equitable is open and the New York Stock Exchange is open for trading.
For purposes of determining the Transaction Date, Equitable's Business Day ends
at 4:00 P.M. Eastern Time.




No. 1021-92                    AC 6688                                    Page 4
       
<PAGE>

SECTION 1.10 CASH VALUE.  The term "Cash Value" means:

(a)     An amount equal to the Retirement Account Value with respect to a
Participant (i) for whom Equitable has received due proof of the Participant's
total and permanent disability, as defined in Section 72(m)(7) of the Code, or
due proof of the Participant's death, or (ii) who has attained age 59 1/2 and
who either (A) has at least five Participation Years, or (B) has provided due
proof of such Participant's separation from service with the Employer.

(b)     An amount, with respect to any other Participant, equal to the greater
of (i) or (ii):

        (i)     The Retirement Account Value (recognizing any reduction on
account of a forfeiture as described in Section 2.12) minus an amount equal to
the sum of

                (A)     6% of the Contributions made during the then-current
and five immediately preceding Participation Years on behalf of a Participant
to all Sources in which forfeitures (as described in Section 2.12) had not
occurred with respect to the Participant, and which had not previously been
withdrawn pursuant to Section 2.08; and

                (B)     the product of (I) 6% of the Contributions made during
the then-current and five immediately preceding Participation Years on behalf
of that Participant to all Sources in which such forfeitures had occurred with
respect to the Participant, and which had not previously been withdrawn
pursuant to Section 2.08, and (II) a percentage representing the vested portion
of those Sources.

        (ii)    The sum of

                (A)     The Free Corridor Amount; and

                (B)     The amount equal to

                        (I)     94% of the result obtained by taking the total
of the Retirement Account Value (recognizing any reduction on account of a
forfeiture as described in Section 2.12) and any Active Loan and subtracting
from such total the Free Corridor Amount; minus

                        (II)    Any Active Loan with respect to the
Participant.

For purposes of this definition, the term "Active Loan" excludes Old Plan
Takeover Loans.

SECTION  1.11  CLASS OF  EMPLOYERS.  The term  "Class  of  Employers"  means the
category to which Equitable assigns an Employer Plan upon such Employer's or the
Employer Plan  Trustee's  adoption of this Contract as a funding  vehicle of the
Employer Plan. All Employer Plans whose Funding  Effective  Dates occur within a
given calendar year will belong



No. 1021-92                    AC 6688                                    Page 5

<PAGE>


to the same Class of  Employers,  except that (a) all Employer  Plans which were
funded  under  the  Predecessor  Contract  will be  deemed to be in one Class of
Employers,  and (b)  Equitable  may at any time (i)  close a Class of  Employers
(including  the Class of  Employers  to which  Employer  Plans which were funded
under the Predecessor  Contract  belong) and begin a new Class of Employers,  or
(ii) combine two or more Classes of Employers.

SECTION 1.12 CODE.  The term "Code" means the Internal Revenue Code, as now or
hereafter amended, or any corresponding provisions of prior or subsequent
United States revenue laws.

SECTION 1.13 CONTRIBUTION.  The term "Contribution" means, subject to Section
2.03, any amount remitted by the Employer or the Employer Plan Trustee pursuant
to Section 2.01 with respect to a Participant.

SECTION 1.14 DIVISIONS.  The terms "Division" or "Divisions" mean one or more
of the following investment options described in this Contract:

(a)     the Guaranteed Interest Division, and

(b)     the Investment Divisions of the Separate Account.

SECTION 1.15 EMPLOYER.  The term "Employer" means an employer who has adopted
an Employer Plan.

SECTION 1.16 EMPLOYER PLAN.  The term "Employer Plan" means a defined
contribution plan adopted by the Employer that is intended to meet the
requirements for qualification under Section 401 (a) of the Code and that
participates in this Contract pursuant to the Master Trust or the Pooled Trust.

SECTION 1.17 EMPLOYER PLAN TRUSTEE.  The term "Employer Plan Trustee" means
the person or persons named as trustee under a Trustee Plan, and such trustee's
successors.

SECTION 1.18 FORFEITURE ACCOUNT.  The term "Forfeiture Account" means an
unallocated account maintained by Equitable under this Contract in the
Guaranteed Interest Division and in conjunction with the operation of Section
2.12. Amounts arising from reductions in Retirement Account Value pursuant to
Section 2.12 will be allocated to the Forfeiture Account, pending disposition
of such amounts (and interest thereon) as determined by the Employer or the
Employer Plan Trustee.

SECTION 1.19 FREE CORRIDOR AMOUNT.  The term "Free Corridor Amount" means, with
respect to a Participant, an amount equal to the excess, if any, of (a) 10% of
the sum of the Retirement Account Value and any Active Loan, over (b) the sum
of (i) cumulative prior withdrawals made with respect to the Participant
pursuant to Section 2.08 in the current Participation Year, (ii) the unpaid
principal of any loan defaulted with respect to the Participant pursuant to
Section 2. 10 in the current Participation Year, other than an Old Plan


No. 1021-92                    AC 6688                                    Page 6

<PAGE>

Takeover Loan,  (iii) any reduction in the Retirement  Account Value as a result
of a forfeiture with respect to the Participant  pursuant to Section 2.12 in the
current   Participation  Year  and  (iv)  any  deduction  with  respect  to  the
Participant,   pursuant  to  Section   2.11,   Paragraph   (6)  in  the  current
Participation Year, as a result of a loan default.

SECTION 1.20 FUNDING EFFECTIVE DATE.  The term "Funding Effective Date" means
the date that coincides with the earliest Participation Date with respect to
the Employer Plan.

SECTION 1.21 GUARANTEED INTEREST RATE.  The term "Guaranteed Interest Rate"
means, with respect to the Guaranteed Interest Division, the effective annual
rate of interest determined by Equitable for a Class of Employers for a
calendar year, provided such rate is not less than the Minimum Guaranteed Rate.

The Guaranteed Interest Rate applicable to a Class of Employers for the
calendar year in which the Funding Effective Date for such Class occurs will be
the rate determined by Equitable for an Employer Plan in that Class as of the
Funding Effective Date.  The Guaranteed Interest Rate applicable to a Class of
Employers for any subsequent calendar year will be determined by Equitable at
least 30 days before the beginning of that year.  Equitable reserves the right
to increase the Guaranteed Interest Rate during any given calendar year and to
declare additional interest for shorter periods.

SECTION 1.22 INVESTMENT DIVISIONS.  The terms "Investment Division" or
"Investment Divisions" mean, as appropriate, one or more of the following
Divisions of the Separate Account:

(a)     the Stock Division;

(b)     the Money Market Division;

(c)     the Balanced Division; and

(d)     the Aggressive Stock Division.

SECTION 1.23 MASTER TRUST.  The term "Master Trust" means the Members
Retirement Trust of The Equitable Life Assurance Society of the United States.

SECTION 1.24 MINIMUM GUARANTEED RATE. The term "Minimum Guaranteed Rate" means,
with respect to the Guaranteed Interest Division, an effective annual minimum
rate of interest equal to (a) 4% for an Employer Plan covered under the
Predecessor Contract, and (b) 3% for any other Employer Plan.

SECTION 1.25 NET INVESTMENT FACTOR.  The term "Net Investment Factor" means,
with respect to each Investment Division of the Separate Account for a
Valuation Period, the amount described in the following Clause (a) divided by
the amount described in the following Clause (b), minus the amount described in
the following Clause (c), where:

(a)   is  the  net  asset  value  of  the  shares  of  the  designated  trust or
investment  company  that  belong to the  Investment  Division at the end of the
Valuation Period (including the per



No. 1021-92                    AC 6688                                    Page 7

<PAGE>

share amount of any dividend or capital gain distribution paid to the Investment
Division in the current Valuation Period), before giving effect to any amounts
allocated to or withdrawn from the Investment Division for the Valuation Period,
but after any amounts charged against the Investment Division in the Valuation
Period for taxes;

(b)     is the net asset value of the shares of the designated trust or
investment company that belonged to the Investment Division at the end of the
preceding Valuation Period, after giving effect to any amounts allocated to or
withdrawn from the Investment Division for that Valuation Period; and

(c)     is the daily asset charge for expenses of the Investment Division in
accordance with Section 2.11, Paragraph (3) times the number of calendar days
in the Valuation Period.

The net asset value of the shares of a designated trust or investment company
held by an Investment Division will be the value reported to Equitable by that
trust or investment company.  Such net asset value is after deduction for
investment advisory fees and direct operating expenses of the designated trust
or investment company.

SECTION 1.26 OLD PLAN TAKEOVER LOAN. The term "Old Plan Takeover Loan" means a
loan which was established under the Employer Plan before the Funding Effective
Date, which has been transferred to this Contract as an Active Loan, but which
is not a Predecessor Contract Takeover Loan.

SECTION 1.27 PARTICIPANT.  The term "Participant" means an individual whom the
Employer or Employer Plan Trustee has reported to Equitable as a participant
under the Employer Plan and with respect to whom a certificate has been issued
pursuant to Section 4.01.

SECTION 1.28 PARTICIPATION DATE.  The term "Participation Date" with respect to
a Participant means, subject to Section 2.02, the earlier of (a) the Business
Day as of which Equitable has enrolled such Participant under this Contract or
(b) the Business Day as of which Equitable's Processing Office has received the
first Contribution pursuant to Section 2.01 for such Participant.  A
Transferred Participant will have the same Participation Date as applicable to
such person under the Predecessor Contract, except that if a Transferred
Participant had two or more Participation Dates under the Predecessor Contract
immediately before becoming a Transferred Participant, the Participation Date
hereunder will be the date that coincides with the first of such prior
Participation Dates.

SECTION 1.29 PARTICIPATION YEAR.  The term "Participation Year" with respect to
a Participant means the twelve-month period beginning on (a) the Participation
Date and (b) each anniversary thereof, unless otherwise agreed to in writing by
Equitable.

SECTION 1.30 PLAN.  The term "Plan" means the Members Retirement Plan of The
Equitable Life Assurance Society of the United States.


No. 1021-92                    AC 6688                                    Page 8

<PAGE>

SECTION 1.31 POOLED TRUST.  The term "Pooled Trust" means the Pooled Trust for
Members Retirement Plans of The Equitable Life Assurance Society of the United
States.

SECTION 1.32 PREDECESSOR CONTRACT.  The term "Predecessor Contract" means
Equitable's Group Annuity Contract 11938C-C from which the Employer or the
Employer Plan Trustee and Equitable have agreed to transfer certain assets or
certain liabilities associated with the Employer Plan to this Contract.

SECTION 1.33 PREDECESSOR CONTRACT TAKEOVER LOAN.  The term "Predecessor
Contract Takeover Loan" means a loan that was established under the
Predecessor Contract and which has been transferred to this Contract as an
Active Loan.

SECTION 1.34 PROCESSING OFFICE.  The term 'Processing Office" means
__________________________, or such other location as Equitable shall designate
by at least 90 days' advance written notice to the Employer or the Employer
Plan Trustee.

SECTION 1.35 RESTRICTED WITHDRAWAL AMOUNT.  The term "Restricted Withdrawal
Amount" means an amount equal to 10% of an Active Loan other than an Old Plan
Takeover Loan.

SECTION 1.36 RETIREMENT ACCOUNT VALUE.  The term "Retirement Account Value"
means the sum of the amounts held with respect to a Participant in the
Guaranteed Interest Division and in the Investment Divisions.

SECTION 1.37 SEPARATE ACCOUNT.  The term "Separate Account" means pooled
Separate Account A, as described in Section 2.04, which is (a) maintained by
Equitable in accordance with the laws of New York State and (b) registered with
the Securities and Exchange Commission under the Investment Company Act of 1940
as a unit investment trust, a type of investment company.

SECTION 1.38 SOURCE.  The term "Source" means any of the following sources of
Contributions under the Employer Plan, as determined by the Employer or
Employer Plan Trustee and reported to Equitable in conjunction with
Contributions remitted pursuant to Section 2.01:

(a)     Employer Contributions:  Contributions made by the Employer for the
benefit of Participants and beneficiaries, other than those Contributions
described in Clauses (b) and (e) below.

(b)     Matching Contributions:  Employer Contributions allocated to a
Participant's account under the Employer Plan by reason of the Participant's
Post-Tax Contributions or Elective Contributions made to the Employer Plan.

(c)     Post-Tax Contributions:  After-tax contributions made by a Participant
in accordance with the terms of the Employer Plan.


No. 1021-92                    AC 6688                                    Page 9

       
<PAGE>

(d)     Salary Deferral Contributions:  Contributions to an Employer Plan made
by a Participant pursuant to a cash or deferred election (normally in
accordance with the terms of a qualified cash or deferred arrangement under
Section 401(k) of the Code).

(e)     Qualified Non-Elective and Qualified Matching Contributions:  Employer
Contributions made to meet the requirements of either or both of the
nondiscrimination tests set forth in Section 401(k) and Section 401(m) of the
Code.

(f)     Prior Plan Contributions:  Contributions transferred or rolled-over to
an Employer Plan from another qualified plan.

SECTION 1.39 TRANSACTION DATE.  The term "Transaction Date" means (a) the
Business Day on which Equitable receives a Contribution or an acceptable
written or telephone request for a transaction at its Processing Office, or (b)
the Business Day coinciding with or next following the date specified in the
request, if later; provided, however, that if such Contribution or request
reaches the Processing Office on other than a Business Day, or after the close
of the Business Day, the Transaction Date will be the next following Business
Day.

SECTION 1.40 TRANSFERRED PARTICIPANT.  The term "Transferred Participant" means
a Participant with respect to whom a transfer is received under this Contract
pursuant to Section 2.03.

SECTION 1.41 TRUSTEED PLAN.  The term "Trusteed Plan" means an Employer Plan
under which there is maintained a trust, other than the Master Trust or Pooled
Trust, forming a part of the Employer Plan.

SECTION 1.42 VALUATION PERIOD.  The term "Valuation Period" means, with respect
to each Investment Division of the Separate Account, each Business Day together
with any consecutive non-Business Days immediately preceding such Business Day.


No. 1021-92                    AC 6688                                   Page 10

<PAGE>


                      PART II - RETIREMENT ACCOUNT VALUE


SECTION 2.01 CONTRIBUTIONS.  Each Employer or Employer Plan Trustee will remit
Contributions from time to time on such dates and in such amounts as it will
determine in accordance with the Employer Plan.

The Employer or the Employer Plan Trustee will specify the Participant with
respect to whom each such Contribution is being remitted, the Source to which
such Contribution relates, and the allocation by Source of such Contribution
among the Divisions.

SECTION 2.02 TRANSFERS OF UNALLOCATED AMOUNTS.  Anything in this Contract to
the contrary notwithstanding, with respect to an Employer Plan for which assets
are being transferred on or after the Funding Effective Date from another
funding vehicle, if the Employer or Employer Plan Trustee advises Equitable
that it cannot provide Equitable on or before the date of such transfer with
the corresponding Participant-level information normally required pursuant to
this Contract, such transferred assets may be remitted as Contributions
hereunder on an unallocated basis to a suspense account; provided that, while
such assets remain unallocated, Equitable will (a) treat the amounts in such
suspense account as one Retirement Account Value, except as provided below,
with the Employer or Employer Plan Trustee as sole Participant, and (b) rely
fully upon the advice of the Employer or Employer Plan Trustee for any
Participant-level information required to process transactions hereunder.

Any Employer or Employer Plan Trustee which transfers assets on an unallocated
basis to this Contract agrees to provide Participant-level information as soon
thereafter as is practicable.  If such information is not received within such
period as Equitable deems reasonable, Equitable shall have the right to pay to
the Employer or the Employer Plan Trustee the amounts in the suspense account,
on the basis described in Clause (b) of Section 1.10, except that the Free
Corridor Amount will be zero.  If the Employer or Employer Plan Trustee
requests to terminate participation of the Employer Plan under this Contract,
or requests a partial withdrawal from the suspense account prior to Equitable's
receipt of the required Participant-level information, the Free Corridor Amount
will also be zero.

SECTION 2.03 TRANSFERS FROM PREDECESSOR CONTRACT.  Any amount transferred from
a Division under the Predecessor Contract to this Contract with respect to a
Transferred Participant will be allocated as of the date of transfer to the
corresponding Division under this Contract with respect to such Participant.

On and after such transfer, all contributions made under the Predecessor
Contract with respect to such Transferred Participant and not previously
withdrawn or applied will be considered as Contributions made under Section
2.01 of this Contract with respect to the Participant on the respective dates
on which such contributions were made under the Predecessor Contract.



No. 1021-92                    AC 6688                                   Page 11

<PAGE>

With respect to a Transferred Participant, any allocation instructions on file
under the Predecessor Contract immediately before the date of transfer will
apply under this Contract unless and until changed in accordance with the terms
of this Contract.

SECTION 2.04 THE SEPARATE ACCOUNT.  Realized and unrealized gains and losses
from the assets of the Separate Account are credited or charged against it
without regard to Equitable's other income, gains or losses.  Assets are
allocated to the Separate Account to support this Contract and other contracts.

The assets of the Separate Account are the property of Equitable.  The portion
of its assets equal to the reserves and other contract liabilities with respect
to the Separate Account will not be chargeable with liabilities arising out of
any other business Equitable conducts.  Equitable may transfer assets of an
Investment Division in excess of the reserves and other liabilities with
respect to such Investment Division to another Investment Division or to
Equitable's General Account.

The Separate Account consists of the Investment Divisions.  Each Investment
Division may invest its assets in a separate class (or series) of shares of a
designated trust or investment company where each class (or series) represents
a separate portfolio in the trust or investment company.  The Investment
Divisions available on the Register Date of this Contract are the Stock
Division, the Money Market Division, the Balanced Division and the Aggressive
Stock Division.

Equitable will value the assets of each Investment Division on each Business
Day.  Equitable may, at its discretion, invest the assets of any Investment
Division in any investment permitted by applicable law.  Equitable may rely
conclusively on the opinion of counsel (including attorneys in its employ) as
to what investments it is permitted by law to make.

On any date when an amount is allocated to or withdrawn, deducted, or
transferred from an Investment Division with respect to a Participant, the
Retirement Account Value will be credited or charged, as the case may be, with
the number of Accumulation Units determined by dividing said amount by the
Accumulation Unit Value for the appropriate Investment Division for the
Valuation Period which includes that date.  The number of Accumulation Units
with respect to a Participant in an Investment Division on any date is equal to
(a) the sum of all Accumulation Units that have been allocated to that Division
with respect to that Participant, minus (b) the sum of all Accumulation Units
that have been withdrawn, deducted, or transferred from that Investment
Division with respect to that Participant.  The amount with respect to a
Participant in an Investment Division on any date is equal to (a) the number of
Accumulation Units with respect to that Participant in the Investment Division
on that date, multiplied by (b) the Accumulation Unit Value for the Investment
Division for the Valuation Period which includes that date.

SECTION 2.05 GUARANTEED INTEREST DIVISION.  Any amount allocated to the
Guaranteed Interest Division becomes part of the general assets of Equitable,
which support the guarantees of this Contract and other contracts.


No. 1021-92                    AC 6688                                   Page 12

<PAGE>




The amount with respect to a Participant in the Guaranteed Interest Division at
any time is equal to (a) the sum of all amounts that have been allocated to the
Guaranteed Interest Division with respect to that Participant, minus (b) the sum
of all amounts that have been withdrawn, deducted, or transferred from the
Guaranteed Interest Division with respect to that Participant.

Interest, on the basis of the applicable Guaranteed Interest Rate, is allocated
to the Guaranteed Interest Division daily and is credited for each day on the
amount in the Guaranteed Interest Division at the beginning of that day.

SECTION 2.06 ALLOCATION OF CONTRIBUTIONS TO DIVISIONS.  Each Contribution
remitted with respect to a Participant will, after deduction of any applicable
charge for taxes, be allocated by Source to one or more of the Divisions as of
the Transaction Date.  With respect to each Source the percentage to be
allocated to each Division is to be a whole number and the aggregate percentage
is to be 100%.

Allocation instructions will be determined pursuant to the Employer Plan and
reported to the Equitable in writing by the Employer or Employer Plan Trustee,
subject to the following paragraph.  Each initial Contribution with respect to
a Participant is to be preceded or accompanied by such allocation instructions.
Such instructions will be retained on file by Equitable unless and until duly
changed.  Each subsequent Contribution with respect to the Participant will be
allocated in accordance with the most recent allocation instructions received
with respect to the Participant.  The Employer or Employer Plan Trustee may
file revised allocation instructions at any time with respect to a Participant
and such revised instructions will apply to all transactions occurring on or
after the date the revised instructions are received in the Processing Office.

The Employer or Employer Plan Trustee may, if the Employer Plan permits,
arrange with Equitable (a) to have Participants provide such instructions
directly to Equitable, and (b) to have such instructions communicated, as the
Participant elects, either in writing or by telephone, subject to Equitable's
requirements for telephone transactions.

If an initial Contribution with respect to a Participant is received in the
Processing Office and allocation instructions are neither on file nor
accompanying the Contribution, Equitable will, pending receipt of such
instructions, allocate the entire Contribution to the Guaranteed Interest
Division for up to five Business Days.  If at the end of such period no
allocation instruction is on file with respect to the Participant, Equitable
will return the Contribution to the Employer or Employer Plan Trustee, unless
Equitable has received the written consent of the Participant to continue to
hold Contributions in the Guaranteed Interest Division pending receipt of other
allocation instructions.

SECTION 2.07 TRANSFERS AMONG DIVISIONS.  The Employer or the Employer Plan
Trustee, upon request to Equitable in accordance with the Employer Plan, may
transfer, with respect to any Source, all or part of the amount held for the
Participant in a Division to one or more of the other Divisions as follows: (a)
amounts in the Guaranteed Interest Division, Stock Division, Balanced Division
and Aggressive Stock Division may be transferred among 


No. 1021-92                    AC 6688                                   Page 13

<PAGE>


such Divisions; (b) amounts in the Money Market Division may be transferred to
the other Divisions. Such transfers will be made as of the applicable
Transaction Date, and will be subject to

Equitable's rules in effect at the time of transfer.  No transfers are
permitted to the Money Market Division from the other Divisions.  Such request
for transfer must specify as to Source and must be in writing, subject to the
following paragraph.

The Employer or Employer Plan Trustee may, if the Employer Plan permits,
arrange with Equitable (a) to have Participants make such transfer requests
directly to Equitable and (b) to have such requests communicated, as the
Participant elects, either in writing or by telephone, subject to Equitable's
requirements for telephone transactions.

SECTION 2.08 PARTIAL WITHDRAWAL AND TERMINATION

(1)     If the Employer or Employer Plan Trustee requests with respect to a
Participant who has elected to make a partial withdrawal from the Divisions,
Equitable will, as of the applicable Transaction Date, pay the lesser of (a)
the Cash Value minus the Restricted Withdrawal Amount, or (b) the amount of
partial withdrawal requested.  The amount to be paid plus any withdrawal charge
applicable pursuant to Section 2.11 will be withdrawn from the amounts held
with respect to the Participant in the Divisions.  Upon such payment, Equitable
will be released from any and all liability for payments with respect to the
Contributions from which the amounts so withdrawn arose.

(2)     If the Employer or Employer Plan Trustee requests with respect to a
Participant who has elected to terminate participation under this Contract,
Equitable will withdraw the amount held in the Divisions with respect to the
Participant and pay an amount equal to the Cash Value as of the applicable
Transaction Date.  Upon such payment, the Retirement Account Value and the
amount with respect to the Participant in the Divisions will be zero.
Equitable will thereupon be released from any and all liability for payments
with respect to the Retirement Account Value.

(3)     If (a) the Employer or Employer Plan Trustee terminates the Employer
Plan's participation under this Contract, or (b) Equitable exercises its right
to terminate the Employer Plan's participation under this Contract pursuant to
Clause (ii) of the second paragraph of Section 4.10, Equitable will pay the
aggregate of all Cash Values with respect to such Employer Plan.  Upon such
payment, the Retirement Account Values with respect to the Employer Plan will
be zero.  Equitable will thereupon be released from any and all liability for
payments with respect to the Retirement Account Values.

(4)     Any amount payable pursuant to the preceding paragraphs of this Section
will be paid to the Employer Plan Trustee or otherwise paid as may be agreed
upon in writing between the Employer or Employer Plan Trustee and Equitable.



No. 1021-92                    AC 6688                                   Page 14

<PAGE>



SECTION 2.09 DEATH BENEFITS.  Upon Equitable's receipt of due proof of the
death of a Participant, a death benefit will be payable to the beneficiary
designated in accordance with Section 4.06. Such death benefit will be equal to
the greater of:

(a)     The Retirement Account Value; or

(b)     A minimum death benefit equal to (i) the sum of all Contributions made
with respect to the Participant pursuant to Section 2.01, minus (ii) the sum of
all prior withdrawals of Contributions with respect to the Participant in
conjunction with the following transactions: (A) any withdrawals pursuant to
Section 2.08, (B) any Active Loan other than an Old Plan Takeover Loan, and (C)
any reduction on account of a forfeiture pursuant to Section 2.12. In no event
will such minimum death benefit be less than zero.  Repayment of Old Plan
Takeover Loans will not be considered Contributions for this purpose.


The beneficiary or beneficiaries with respect to such death benefit may elect
any of the following methods of disposition, subject to the requirements of law
and Equitable's rules then in effect:

(a)     To receive the death benefit in a single sum;

(b)     To apply the death benefit to the purchase of an Annuity Benefit in a
form then offered by Equitable;

(c)     To apply the death benefit to provide any other form of benefit then
offered by Equitable; or

(d)     To apply the death benefit to an account or accounts under this
Contract maintained for the benefit of such beneficiary or beneficiaries.

Unless Equitable receives suitable written instructions to the contrary from
the Employer, Employer Plan Trustee or such beneficiary or beneficiaries on the
date on which it receives due proof of the death of the Participant, any
amounts then held with respect to the Participant in the Investment Divisions
will be transferred to the Guaranteed Interest Division and the entire
Retirement Account Value will be held therein pending disposition of the death
benefit in accordance with the immediately preceding paragraph.

Equitable will pay or apply a death benefit in accordance with the election
described in the second paragraph of this Section.  Upon such disposition in
accordance with Clauses (a), (b), or (c) of such paragraph, the amount held in
the Divisions with respect to the Participant and the Retirement Account Value
will be zero.  Equitable will thereupon be released from any and all liability
for payment with respect to the Contributions from which the Retirement Account
Value arose.


No. 1021-92                    AC 6688                                   Page 15

<PAGE>



Any beneficiary who elects to dispose of the death benefit by having it applied
to an account in accordance with Clause (d) of the second paragraph of this
Section, will be subject to the following:

(a)     The beneficiary will be entitled to defer distribution of the account
to the extent permitted by the Employer Plan and applicable law;

(b)     The value of the account will be determined at the time of distribution
to the beneficiary and, depending upon investment gains or losses, may be worth
more or less than the initial value of the account;

(c)     If the beneficiary dies before taking full distribution of the account,
a minimum death benefit will be determined with respect to the account as
though such beneficiary were a Participant and the initial value of such
account will be deemed a Contribution for this purpose;

(d)     Such account may be allocated to, and transferred among, the Divisions
in accordance with the provisions of this Contract as applicable to Retirement
Account Values with respect to Participants; and

(e)     Such beneficiary's account will be subject to all fees and charges
other than withdrawal charges applicable to Retirement Account Values under
this Contract.

SECTION 2.10 LOANS.  The Employer or Employer Plan Trustee may permit loans to
Participants in accordance with the loan provisions, if any, of the Employer
Plan, subject to applicable laws and regulations, and may request Equitable to
establish a loan under this Contract with respect to a Participant in
accordance with the following criteria:

(a)     A loan will be available only from the portion, if any, of the
Retirement Account Value that, as reported to Equitable by the Employer or
Employer Plan Trustee, is the vested portion in accordance with the Plan;

(b)     Before the Transaction Date on which a loan is to become effective
("Loan Effective Date") the Employer or Employer Plan Trustee is to provide
Equitable with a signed loan agreement, in a form satisfactory to Equitable,
setting forth all applicable terms and conditions of the loan.  Such agreement
is to be signed by the Employer or Employer Plan Trustee and the Participant;

(c)     No more than one Active Loan is permitted for a given Participant at
one time, except for multiple takeover loans transferred to this Contract with
respect to a given Participant;

(d)    The minimum amount of each loan will be $1,000;


No. 1021-92                    AC 6688                                   Page 16

<PAGE>




(e)     The maximum amount of each loan will be the lesser of (i) $50,000
reduced by the excess, if any, of (A) the highest outstanding balance of loans
with respect to the Participant under the Employer's Plan during the twelve-
month period ending on the day immediately before the date on which such loan
is made, over (B) the outstanding balance of loans with respect to the
Participant under the Employer's Plan on the date on which such loan is made,
or (ii) one-half of the vested portion of the Retirement Account Value;

(f)     As of any date on which there is an Active Loan hereunder with respect
to a Participant, any withdrawal pursuant to Section 2.08, Paragraph (1) will
be permitted only against the excess, if any, of the Cash Value over the
Restricted Withdrawal Amount;

(g)     The rate of interest applicable to each loan will be a fixed rate for
the full term of the loan, as determined by the Employer or the Employer Plan
Trustee in accordance with the Employer Plan;

(h)     A one-time loan origination fee and a periodic loan maintenance fee
will be applicable to each loan in accordance with Section 2.11, Paragraph 
(5);

(i)     The amount of a loan will be withdrawn from the amount held in the
Divisions with respect to the Participant in accordance with the instructions
submitted for purposes of such loan by the Employer or Employer Plan Trustee;

(j)     The loan must be repaid within a term as specified in the Code with
respect to such loans;

(k)     The "Loan Repayment Date" will be each of a series of dates to be
designated in a loan amortization schedule included in the loan agreement
referred to in Clause (b) above;

(1)     Payments must be remitted to Equitable by the Employer or Employer Plan
Trustee as of each Loan Repayment Date of an Active Loan, with each such
payment at least equal to the amount required, as specified in the amortization
schedule as of the Loan Effective Date;

(m)     Additional loan repayments may be made at any time.  The loan,
including the full amount of interest due thereon, may be repaid in full at any
time;

(n)     Loan repayments with respect to a Participant will be allocated by
Equitable either (A) to the Divisions on the basis of the instructions
submitted for withdrawal of such loan pursuant to Clause (i) of this Section,
or (B) if the Participant so elects, entirely to the Guaranteed Interest
Division; and


No. 1021-92                    AC 6688                                   Page 17

<PAGE>




(o)     A loan will be in default if (i) the full amount of any loan repayment
is not received by Equitable within 90 days of the applicable Loan Repayment
Date, (ii) the Participant's or Employer Plan's participation under this
Contract is terminated pursuant to Section 2.08, or (iii) the Participant dies.
When an Active Loan, other than an Old Plan Takeover Loan, goes into default
Equitable will treat the loan principal as a withdrawal pursuant to Section
2.08, Paragraph (1), subject to any applicable withdrawal charge pursuant to
Section 2.11, Paragraph (6).

As of the Transaction Date of each loan made pursuant to this Section,
excluding takeover loans as defined in Sections 1.26 and 1.33, Equitable will
(a) withdraw from the amount held in the Divisions with respect to the
Participant the amount of such loan, and (b) issue a check for the amount of
such loan.

SECTION 2. 11 FEES AND CHARGES

(1)     As of the last Business Day of each calendar quarter as of which the
sum of the Retirement Account Value and any Active Loan with respect to a
Participant is less than $25,000, an administrative fee of $7.50 will be
deducted by Equitable from the amounts held in the Divisions with respect to
the Participant.  Any amount remitted by the Employer or Employer Plan Trustee
toward such fee will correspondingly reduce such deduction.

(2)     As of the last Business Day of each calendar year with respect to each
Employer Plan, other than one for which amounts were transferred to this
Contract from the Predecessor Contract pursuant to Section 2.03, a per-plan
recordkeeping fee of $300 will be applicable.  The Employer or Employer Plan
Trustee shall pay such fee to Equitable.  To the extent that the Employer or
Employer Plan Trustee does not pay such fee directly, it will be deemed to have
instructed Equitable to deduct such fee from the amounts held in the Divisions
with respect to the Participants.

(3)     The assets of the Investment Divisions attributable to this Contract
will be subject to a daily asset charge for financial accounting, death
benefits, mortality risk, expenses and expenses risk.  Such charge will be
applied after any deductions to provide for taxes and will be at a rate not to
exceed (a) 1.49% per year for each of the Stock, Money Market and Balanced
Divisions, and (b) 1.34% per year for the Aggressive Stock Division.  The
charge will be made in accordance with Clause (c) of the definition of Net
Investment Factor in Section 1.25. The relative proportion of these charges may
be modified.  The sum of such daily asset charge and the investment advisory
fee charges and direct operating expense charges of the designated trust or
investment company with respect to the Separate Account will not exceed a total
annual rate of 1.75% of the value of the Investment Divisions attributable to
this Contract.


No. 1021-92                    AC 6688                                   Page 18

<PAGE>


(4)     The portion of a partial withdrawal made pursuant to Section 2.08,
Paragraph (1) that is in excess of the Free Corridor Amount will, except as
provided in the following provisions of this Paragraph (4), be subject to a
withdrawal charge not greater than the sum of

(a)     6% of any amount included in such excess portion that represents
Contributions made during the then-current and five immediately preceding
Participation Years on behalf of the Participant to Sources in which the
Employer or Employer Plan Trustee has determined that the Participant is fully
vested pursuant to the Employer Plan; and

(b)     the product of (A) 6% of any amount included in such excess portion
that represents Contributions made during the then-current and five immediately
preceding Participation Years on behalf of the Participant to Sources in which
the Employer or Employer Plan Trustee has determined that the Participant is
not fully vested pursuant to the Employer Plan, and (B) a percentage
representing the vested portion of such Sources with respect to the
Participant.

For purposes of determining such withdrawal charges (a) any withdrawal of an
amount up to the Free Corridor Amount will not be considered a withdrawal of
Contributions, and (b) Contributions will be considered withdrawn in the order
received.

There will be no withdrawal charge in connection with the following:

(a)     Amounts withdrawn with respect to a Participant for whom Equitable has
received due proof of the Participant's total and permanent disability, as
defined in Section 72(m)(7) of the Code, or due proof of the Participant's
death;

(b)     Amounts withdrawn with respect to a Participant who has attained age 59
1/2 if either (i) the Participant has at least five Participation Years, or
(ii) the partial withdrawal has been requested on or after the Participant's
separation from service with the Employer, provided that such separation from
service is verified by the Employer or Employer Plan Trustee in a signed
statement accompanying the withdrawal request;

(c)     Contributions which are "excess contributions" as such term is defined
in Section 401(k)(8)(B) of the Code, including the income thereon, and less any
loss allocable thereto, provided the withdrawal is made no later than the end
of the plan year under the Employer Plan following the plan year in which such
excess contributions were made;

(d)     Contributions which are "excess aggregate contributions" as such term
is defined in Section 401(m)(6)(B) of the Code, including the income thereon,
and less any loss allocable thereto, provided the withdrawal is made no later
than the end of the plan year under the Employer Plan following the plan year
in which such excess aggregate contributions were made;


No. 1021-92                    AC 6688                                   Page 19

<PAGE>




(e)     Amounts which are "excess deferrals" as such term is defined in Section
402(g)(2) of the Code, including income thereon, and less any loss allocable
thereto, provided the withdrawal is made no later than April 15 following the
calendar year in which such excess deferrals were made;

(f)     Contributions which are remitted by the Employer or Employer Plan
Trustee due to mistake of fact made in good faith, provided such Contributions,
less any loss allocable thereto, are refunded to the Employer or Employer Plan
Trustee within 12 months from the date such Contributions were made and no
earnings attributable to such Contributions are included in such repayment; and

(g)     Contributions which are remitted by the Employer or Employer Plan
Trustee, but which are disallowed to the Employer as a deduction for federal
income tax purposes, provided such Contributions, less any loss allocable
thereto, are refunded to the Employer within twelve (12) months after the
disallowance of the deduction has occurred and no earnings attributable to such
contributions are included in such repayment.

Amounts described in the immediately preceding Clauses (c) through (g) will not
count as prior withdrawals in calculation of a Participant's Free Corridor
Amount, except for amounts withdrawn that represent the income referred to in
Clauses (c), (d), or (e).  The amounts described in said Clauses (c) through
(g) will be as determined by the Employer or Employer Plan Trustee and reported
to Equitable.

(5)     A loan origination fee of $50 is applicable as of the Loan Effective
Date of each Active Loan, except for takeover loans as defined in Sections 1.26
and 1.33, and a loan maintenance fee of $6 is applicable as of the last
Business Day of each calendar quarter with respect to each Active Loan.  Such
fees will be deducted by Equitable from the amounts held in the Divisions with
respect to the Participant.  Any amount remitted by the Employer or Employer
Plan Trustee toward such fees will correspondingly reduce such deduction.

(6)     As of the date on which a loan other than an Old Plan Takeover Loan
defaults, Equitable will deduct from the amount held in the Divisions with
respect to the Participant the amount of any withdrawal charge, determined
pursuant to Paragraph (4) of this Section as if the unpaid principal of such
loan were a partial withdrawal.

(7)     If the Employer or the Employer Plan Trustee requests that the amount
representing a forfeiture and the interest thereon be withdrawn from the
Forfeiture Account for any purpose other than reallocation of such amount among
the Participants under this Contract, such withdrawal will be subject to a
withdrawal charge and the Free Corridor Amount with respect thereto will be
zero.  The withdrawal charge, which will be deducted by Equitable at the time
of such withdrawal, will be equal to 6% of the portion of such withdrawal that
consists of amounts which represented, as of the date of the forfeiture,
Contributions remitted with respect to a Participant during the then-current
and five immediately preceding Participation Years.


No. 1021-92                    AC 6688                                   Page 20

<PAGE>



(8)     Any charge for taxes which Equitable pays in conjunction with a
withdrawal pursuant to Section 2.08 will be deducted as of the applicable
Transaction Date from the amounts held in the Divisions with respect to the
Participant.  If Equitable has deducted such charge from the Contributions
being withdrawn before they were allocated to the Divisions pursuant to Section
2.06, Equitable will not again deduct charges from such Contributions for the
same taxes.  If, however, taxes are later imposed upon Equitable when such a
withdrawal is made, Equitable reserves the right to make an additional
deduction for such taxes.


SECTION 2.12 FORFEITURES.  If the Employer or the Employer Plan Trustee reports
to Equitable that a Retirement Account Value is to be reduced as a result of a
forfeiture pursuant to the Employer Plan, Equitable will reduce the Retirement
Account Value by the amount of the reduction so reported as representing the
invested portion of the Participant's Employer Plan benefit.

Equitable will apply the amount of any such reduction to the Forfeiture
Account, pending subsequent disposition.  Such amount (and any interest
thereon) will be disposed of in a manner to be reported in writing to Equitable
by the Employer or the Employer Plan Trustee.


No. 1021-92                    AC 6688                                   Page 21

<PAGE>


                          PART III - ANNUITY BENEFITS

SECTION 3.01 FIXED ANNUITY BENEFIT.  The term "Fixed Annuity Benefit" means an
Annuity Benefit under which the monthly payments with respect to a payee are
payable in a specified dollar amount.

The amount of each monthly payment under any Fixed Annuity Benefit provided
under the Contract with respect to a payee is the amount provided with respect
to the payee pursuant to Section 3.05.

SECTION 3.02 VARIABLE ANNUITY BENEFIT.  The term "Variable Annuity Benefit"
means an Annuity Benefit under which the dollar amount of the monthly payments
with respect to a payee may increase or decrease depending on the investment
experience of the Stock Division of the Separate Account.

Such Variable Annuity Benefit will increase if the average daily rate of
investment return in the Stock Division is equivalent to more than 5.00% or
3.50% annually, after the deduction for investment advisory fees, direct
operating expenses of the designated trust or investment company and daily
asset charge, and will decrease if it is equivalent to less than 5.00% or 3.50%
annually after such deduction, depending on whether the applicable Assumed Base
Rate of Net Investment Return referred to in Section 1.07 is 5.00% or 3.50%,
respectively.  The Assumed Base Rate of Net Investment Return will be 5.00%
except in states where that rate is not permitted by law.

The amount of the first, second and third payments under any Variable Annuity
Benefit provided under the Contract with respect to a payee is the monthly
amount provided with respect to a payee pursuant to Section 3.05. The amount of
the fourth and each subsequent payment under a Variable Annuity Benefit will be
equal to the number of Annuity Units with respect to such benefit, multiplied
by the Average Annuity Unit Value for the second calendar month immediately
preceding the due date of the payment.  The fourth and subsequent annuity
payments under a Variable Annuity Benefit will not be increased or decreased in
amount because of mortality or expense experience.  The number of Annuity Units
with respect to a benefit is the number determined by dividing the amount of
the first monthly payment under such benefit by the Annuity Unit Value for the
Valuation Period which includes the due date of the first monthly payment.

SECTION 3.03 FORM OF ANNUITY BENEFIT.  Any Annuity Benefit provided under this
Contract will be payable on the Life Annuity form described in the following
paragraph or, as determined by the Employer or the Employer Plan Trustee in
accordance with the terms of the Employer Plan, on any other annuity form
offered by Equitable, subject to Equitable's rules then in effect and the
requirements of applicable law.

The Life Annuity form provides monthly payments to the Participant beginning at
the Annuity Commencement Date and ending with the last monthly payment due
before the death of the Participant.


No. 1021-92                    AC 6688                                   Page 22
       
<PAGE>




SECTION 3.04 REPORT FOR ANNUITY BENEFIT.  The Employer or the Employer Plan
Trustee will report to Equitable each Participant or other person with respect
to whom an Annuity Benefit is to be provided under this Contract if the amount
to be applied to provide such Annuity Benefit is at least $3,500.  Any such
report is to be made before the first payment under such Annuity Benefit.  Any
such report will be in the form prescribed by Equitable and will include all
pertinent facts and determinations requested by Equitable.  Equitable will be
fully protected in relying on the reports and other information furnished by
the Employer or Employer Plan Trustee, and need not inquire as to the accuracy
or completeness thereof.

SECTION 3.05 APPLICATION TO PROVIDE ANNUITY BENEFIT.  As of the date of the
first payment under each such Annuity Benefit to be provided hereunder, an
application will be made to provide such Annuity Benefit.  The amount so
applied will be equal to the following, less any applicable tax on annuity
considerations: (a) the Retirement Account Value, if payments under the
applicable annuity form are contingent upon the survival of a person, or (b)
the Cash Value, if payments under the applicable annuity form are not
contingent upon the survival of a person; provided that the Employer or
Employer Plan Trustee may report, in accordance with Section 3.04, that only a
portion of the given amount is to be used for such Annuity Benefit.  If
Equitable has deducted charges for applicable tax from the Contributions being
applied to provide an Annuity Benefit before they were allocated to the
Divisions pursuant to Section 2.06, Equitable will not again deduct charges
from such Contributions for the same taxes.  If, however, taxes are later
imposed upon Equitable when such an application is made, Equitable reserves the
right to make an additional deduction for such taxes.

Application will be made on the basis of either (a) the Tables of Guaranteed
Annuity Payments included in Appendix A of this Contract, or (b) Equitable's
then-current individual annuity rates applicable at the time of application to
funds which derive from sources outside Equitable, whichever rates would
provide a larger benefit with respect to the payee.

After application to provide an Annuity Benefit pursuant to this Section, the
amounts with respect to the Participant in the Divisions and the Retirement
Account Value will be correspondingly reduced.

SECTION 3.06 PAYMENT OF ANNUITY BENEFITS.  Equitable will require satisfactory
evidence of the age of any person upon whose life continued payment under an
annuity form depends.  Evidence of each payee's survival must be furnished to
Equitable either by personal endorsement of the check drawn for payment or by
other means satisfactory to Equitable.

If a benefit payment under the Contract was based on information that is
subsequently found to be incorrect, such benefit will not be invalidated, but
an adjustment on the basis of the correct information will be made in the
amount of the benefit payments under a Fixed Annuity Benefit, the number of
Annuity Units under a Variable Annuity Benefit, or any amount used to provide
the benefit, or any combination thereof.  The amount of the overpayments by
Equitable will be charged against and the amount of the underpayments will be
added to any payments thereafter falling due under the Contract with respect to
the payee.



No. 1021-92                    AC 6688                                   Page 23
       
<PAGE>




The liability of Equitable with respect to a payee is limited to the correct
information and the actual amounts used to provide the benefits then in force
with respect to the payee under the Contract.

If Equitable receives evidence satisfactory to it that (a) a payee entitled to
receive any payment under the Contract is physically or mentally incompetent to
receive such payment or is a minor, (b) another person or an institution is
then maintaining or has custody of such payee, and (c) no guardian, committee,
or other representative of the estate of such payee has been appointed,
Equitable may, unless the Plan provides to the contrary, make the payments to
such other person or institution, and will thereupon be fully discharged from
all liability with respect thereto.

If the amount to be applied hereunder is less than $3,500, Equitable may pay the
amount to the payee in a single sum instead of applying it to provide an Annuity
Benefit.

Equitable will notify the payee under a Variable Annuity Benefit of the number
of Annuity Units and the Average Annuity Unit Value used in determining the
amount of each variable payment.

Any election, change, revocation or designation shall be made, and will take
effect, in the same manner as a change of beneficiary.


No. 1021-92                    AC 6688                                   Page 24

<PAGE>



                         PART IV - GENERAL PROVISIONS

SECTION 4.01 CONTRACT.  This Contract constitutes the entire contract between
the Contract Holder and Equitable.  This Contract and the application therefor
constitutes the entire contract between the Employer or Employer Plan Trustee,
as the case may be, and Equitable.  The provisions of the Contract alone will
govern with respect to the rights and obligations of Equitable.  The provisions
of the Contract will be applied separately with respect to each Employer or
Employer Plan Trustee.  Nothing in the Master Trust, the Pooled Trust, the
Employer Plan or the Plan, nor in any modification, amendment, or supplement to
any such documents will in any way be construed to enlarge, change, vary or in
any other way affect the obligations of Equitable as expressly provided in this
Contract.

This Contract may not be modified as to Equitable, nor may any of Equitable's
rights or requirements be waived, except in writing and by an authorized
officer of Equitable.  The Contract may be changed by amendment or replacement
upon agreement between the Contract Holder and Equitable without the consent of
any other person provided that such change does not reduce any Annuity Benefit
provided before such change and provided that no rights, privileges or benefits
which have accrued to the Employer or the Employer Plan Trustee, or to any
Participant under the Contract, may be reduced or forfeited except by the
express consent thereof.

The Employer or Employer Plan trustee will report to Equitable each person
under the Employer Plan who is to be covered under this Contract.  Equitable
will issue (a) with respect to each Participant an individual certificate
setting forth a statement in substance of the benefits to which the Participant
is entitled under this Contract, and (b) with respect to each person for whom
an Annuity Benefit becomes payable under this Contract an Equitable
supplementary contract setting forth the amount and terms of the Annuity
Benefit.

Upon Equitable's request, the Employer or Employer Plan Trustee will provide
any information that is reasonably required by Equitable with respect to
transactions under this Contract.

SECTION 4.02 STATUTORY COMPLIANCE.  Equitable reserves the right to amend the
Contract without the consent of any other person in order to comply with
applicable laws and regulations.  Such right shall include, but not be limited
to, the right to conform the Contract and any certificate to reflect changes in
the Code, in Treasury regulations or published rulings of the Internal Revenue
Service, in the Employee Retirement Income Security Act of 1974, as amended,
and in Department of Labor regulations.

Any Annuity Benefit, Cash Value or death benefit available under the Contract
shall not be less than the minimum benefits required by any statute of the
state in which a certificate is delivered.

SECTION 4.03 ASSIGNMENTS AND NONTRANSFERABILITY. Neither the Employer, the
Employer Plan Trustee nor Equitable may assign its rights or obligations
hereunder without the other party's prior written consent, except that an
assignment by Equitable to a


No. 1021-92                    AC 6688                                   Page 25

<PAGE>




corporation in which it has a direct or indirect ownership interest shall not
require such consent provided that Equitable remains liable for the failure of
that corporation to perform its obligations under this Contract.

Subject to the requirements of applicable law, no amount payable to a
Participant or beneficiary under the Contract may be assigned, commuted or
encumbered by the payee and no such amount will in any way be subject to any
claim against such payee.  Such prohibition will not apply to any assignment,
transfer, or attachment pursuant to a qualified domestic relations order, as
defined in Section 414(p) of the Code.

SECTION 4.04 MANNER OF PAYMENT.  Equitable will pay all amounts becoming
payable under this Contract by check or, if so agreed upon by the Employer or
Employer Plan Trustee and Equitable, by wire transfer.  All amounts payable by
the Employer or the Employer Plan Trustee under this Contract will be paid by
check payable to Equitable, or by any other method acceptable to Equitable.

SECTION 4.05 RIGHT TO CHANGE.  Equitable reserves the right to change any fee
described in Section 2.11, Paragraphs (1), (2) and (5) at any time to reflect
any increase in Equitable's expenses related to the administrative functions
covered by such fees.

Equitable reserves the right to change from time to time on and after the fifth
anniversary of the Register Date, at intervals of not less than five years, (a)
the minimum amount to be used to provide an Annuity Benefit hereunder as stated
in Section 3.04, (b) the administrative charge described in Section 3.05, and
(c) the actuarial basis used in the Tables of Guaranteed Annuity Payments
appearing in Appendix A.

Equitable may elect to make any change pursuant to the preceding paragraphs of
this Section either by written notice to the Employer or Employer Plan Trustee
or by amendment to this Contract, and will advise the Employer or Employer Plan
Trustee at least 90 days in advance of any such change.  No such change will
apply to any Annuity Benefit provided hereunder before such change.

Equitable reserves the right, subject to compliance with applicable law, to:

(a)     add new Investment Divisions or subdivisions thereof to the Separate
Account or remove Investment Divisions or subdivisions thereof from the
Separate Account;

(b)     combine any two or more Investment Divisions or subdivisions thereof;

(c)     transfer the assets Equitable determines to be the proportionate share
of the class of contracts to which this Contract belongs from any of the
Investment Divisions to another Investment Division by withdrawing the same
percentage of each investment in that Investment Division, with appropriate
adjustment to avoid odd lots and fractions;

(d)     operate the Separate Account or any Investment Division as a management
investment company under the Investment Company Act of 1940 (which company may
be 


No. 1021-92                    AC 6688                                   Page 26

<PAGE>



directed by a committee which may be composed of a majority of persons who are
"interested persons" of Equitable under said Act, which committee may be
discharged by Equitable at any time) or in any other form permitted by law,
including a form that allows Equitable to make direct investments;

(e)     deregister the Separate Account under said Act;

(f)     cause one or more Investment Divisions to invest some or all of their
assets in one or more other trusts or investment companies;

(g)     terminate any agreement with an Employer or Employer Plan Trustee in
conjunction with this Contract pursuant to the terms of such agreement; and

(h)     restrict or eliminate any voting rights of Participants, Employer Plan
Trustees or other persons who have voting rights that affect the Separate
Account.

If the exercise of these rights results in a material change in the underlying
investments of an Investment Division, the Employer or the Employer Plan
Trustee will be notified by Equitable of such exercise.

SECTION 4.06 BENEFICIARY.  A Participant may, subject to the Employer Plan,
including any spousal consent provisions thereof, designate (with the right to
change such designation from time to time) a beneficiary or beneficiaries to
receive any payment with respect to the Participant becoming due to a
beneficiary under this Contract.  Any other person to whom periodic payments
are payable under this Contract may designate (with the right to change such
designation from time to time) a beneficiary or beneficiaries to receive any
single sum payment or any remaining periodic payments becoming due upon the
death of such person, if no prior designation is then in effect with respect
thereto.

Any designation or change shall be by written notice filed at the Processing
Office, except that a designation or change made by a Participant who has not
attained his Annuity Commencement Date shall be by written notice filed with
the Employer or Employer Plan Trustee.  Upon receipt of said notice by
Equitable, such designation or change shall take effect as of the date shown on
said notice as the date on which it was signed, whether or not the person
making such designation or change is living at the time of receipt, but without
further liability on the part of Equitable with respect to any payment made by
it before the receipt by it of (a) said notice or (b) a written report from the
Employer or Employer Plan Trustee that such party received said notice.

SECTION 4.07 DEFERMENT.  Payments by Equitable from the Guaranteed Interest
Division pursuant to the provisions of Sections 2.08 and 2.09 may be deferred
for up to six months after receipt of a written request for such surrender or
withdrawal, or receipt of due proof of death of the Participant, respectively.
Interest at the then-current Guaranteed Interest Rate for amounts held in the
Guaranteed Interest Division with respect to such Participant will be allowed
on any such payment.


No. 1021-92                    AC 6688                                   Page 27

<PAGE>


Except as provided in this Section, payments by Equitable from the amounts held
with respect to the Participant in the investment Divisions pursuant to the
provisions of Sections 2.08 and 2.09, will be made within seven days after the
applicable Transaction Date.

During any period when (a) the sale of securities or the determination of the
Accumulation Unit Value or the Average Annuity Unit Value is not reasonably
practicable because an emergency, defined by the Securities and Exchange
Commission, exists, or the New York Stock Exchange is closed, or trading on
such Exchange is restricted, or (b) the Securities and Exchange Commission by
order permits postponement for the protection of persons having interests in
the Separate Account, Equitable reserves the right to defer:

(i)     determination of Cash Value or Retirement Account Value and payment of
Cash Value and Retirement Account Value, arising from an Investment Division;

(ii)    payment of any portion of the death benefit arising from an Investment
Division;

(iii)   the payment of any Variable Annuity Benefit under the Contract or the
application of any such benefit to provide for any other payment called for
under the Contract; or

(iv)    application, in the event of (i) above, of such amounts to provide any
Annuity Benefit under the Contract.

SECTION 4.08 CONTRACT HOLDER'S RESPONSIBILITY.  The sole responsibility of the
Contract Holder is to serve as party to the Contract.  The Contract Holder will
have no responsibility for the administration of the Plan or any Employer Plan
or agreement, or for Contributions or any payments or other distributions
hereunder.  Equitable will deal with the Contract Holder in accordance with the
terms and conditions of the trust agreement pursuant to which the Contract
Holder agreed to act as such and in such manner as the Contract Holder and
Equitable agree, without the consent of any other person.  Any Employer or
Employer Plan Trustee making Contributions under the Contract will have adopted
and accepted the Master Trust or the Pooled Trust and this Contract as part of
the Employer Plan with respect to which such Contributions are made.

SECTION 4.09 EMPLOYER OR EMPLOYER PLAN TRUSTEE'S RESPONSIBILITY.  Equitable
shall make no payment hereunder without written instructions from the Employer
or Employer Plan Trustee, as applicable, and Equitable shall be fully
discharged of any liability therefor to the extent such payments are made
pursuant to such instructions.



No. 1021-92                    AC 6688                                   Page 28
       
<PAGE>




SECTION 4.10 PLAN QUALIFICATION.  A "Qualified Plan" is a plan or agreement
that meets the requirements for qualification under Section 401(a) of the Code.
The Employer or Employer Plan Trustee is to provide evidence satisfactory to
Equitable that the Employer Plan is a Qualified Plan and, if at any time the
Employer Plan is no longer a Qualified Plan, the Employer or Employer Plan
Trustee is to give Equitable prompt written notice thereof.

If within (a) one year after the Funding Effective Date, or such longer period
as may be agreed upon in writing between the Employer or Employer Plan Trustee
and Equitable, the Employer or Employer Plan Trustee does not provide such
evidence that the Employer Plan is a Qualified Plan, or (b) the Employer or
Employer Plan Trustee gives notice that the Employer Plan is no longer a
Qualified Plan, then upon at least thirty days advance written notice to the
Employer or Employer Plan Trustee, Equitable may:

(i)     Prohibit further Contributions under this Contract with respect to the
Employer Plan, and

(ii)    Withdraw from the Divisions the amounts therein with respect to the
Employer Plan and make the payment described in Section 2.08, Paragraph (3).

SECTION 4.11 PARTICIPATION IN SURPLUS. This Contract and all other contracts in
the same class of contracts, as determined by Equitable, will be combined for
the purpose of ascertaining the annual surplus of Equitable to be apportioned to
said contracts as a dividend and the portion of any such dividend that is to be
allocated to the Contract will be determined by Equitable. The participation of
this class of contracts in annual surplus is, however, expected to be minimal.
Any amount so allocated to the Contract will be payable as of January 1 of the
calendar year in which a dividend is apportioned, will be payable in cash and
will be equitably allocated by Equitable to the Guaranteed Interest Division on
behalf of the Participants.

With respect to any Employer Plan for which the Funding Effective Date is a date
occurrring on or after the date as of which Equitable is converted, in
accordance with applicable law, from a mutual company owned by its policyholders
to a corporation owned by its shareholders, (a) this Section 4.11 will not
apply, and (b) the caption "PARTICIPATING" appearing on the Cover Page of this
Contract will be deemed to read "NONPARTICIPATING".


No. 1021-92                    AC 6688                                   Page 29
       
<PAGE>


                                  APPENDIX A

                     TABLES OF GUARANTEED ANNUITY PAYMENTS

Part I: Amount of Fixed Annuity Benefit payable monthly on the Life Annuity
form provided by an application of $1,000.

               Age     Amount
               ---     ------

               55      $3.99
               60       4.35
               65       4.82
               70       5.46

        The amount of income provided under a Fixed Annuity benefit payable on
the Life Annuity form is based on 3.00% interest and the 1983 Individual
Annuity Mortality Table "a" projected with modified Scale G, adjusted to a
unisex basis, reflecting a 20%-80% split of males and females at pivotal age
55.

Part II: Amount of Variable Annuity Benefit payable on the Life Annuity from
provided initially by an application of $1,000.

                        Initial Amount if Assumed
                Base Rate of Net Investment Return is
                    Age                 3.50%           5.00%
 .                   ---                 -----           -----
                    55                  $4.18           $5.11
                    60                   4.49            5.41
                    65                   4.91            5.81
                    70                   5.47            6.37
                    
        The amount of income initially provided under a Variable Annuity
Benefit payable on the Life Annuity form is based on 1983 individual Annuity
Mortality Table "a" projected with modified Scale G, adjusted to a unisex
basis, reflecting a 20%-80% split of males and females at pivotal age 55,
subject to a modified two-year age setback, and with an Assumed Base Rate of
Net Investment Income Return of 3.50% or 5.00%, whichever applies pursuant to
Section 1.07.

Amounts required for ages not shown in the Tables or for other annuity forms
will be calculated by Equitable on the same actuarial basis.


No. 1021-92                    AC 6688                                   Page 30


<PAGE>


           THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES

                             GROUP PENSION NOTICE


MEMBER:

MEMBER NUMBER:

MEMBER STARTING DATE:

PLAN SPONSOR:

EQUITABLE warrants that you, the Member, are covered under our Group Pension
Contract No. AC6688 ("Contract") with respect to the Plan Sponsor's Plan.

The Contract and the formal request therefor are the entire contract between
the Plan Sponsor or the Trustee and us.  The Contract shall govern all payments
and our rights and duties with respect thereto.

No amount to be paid under the Contract as described in this Notice may be
assigned by the payee and, as far as allowed by law, no such amount shall in
any way be subject to any legal process to subject the same to the payment of
any claim against such payee.  This constraint shall not apply to any payment
or part of it assigned, transferred, or attached by a court order that applies
to divorce or child support of the type defined in Section 414(p) of the
Internal Revenue Code of 1986, as now or later changed.

Amounts received under the Contract may be placed in one or more Divisions of
the Separate Account based on the Plan Sponsor's or Trustee's advice to us in
keeping with the Plan Sponsor's Plan.  Such amounts may increase or decrease in
value as described in the Contract.

                             THE CONTRACT IN BRIEF

                                 TERMS DEFINED


Divisions:  The options which can be used to invest amounts held under the
Contract:  the Guaranteed Interest Division, which is funded through our
General Account; and the Stock, Money Market, Balanced, and Aggressive Stock
Divisions, which are funded through our Separate Account A, a pooled, market
valued account maintained as described in the Contract.  We may add other
options in future.

Equitable:  The insurer whose full name appears at the head of this Notice.
The terms "we," "our" and "us" as used herein mean Equitable.


PF10,627                                                             Page 1 of 4

<PAGE>



Member's Account Value:  The sum of the amounts held with respect to you under
the Contract.

Participation Year:  The twelve months' term that begins on the Member Starting
Date and each such twelve months' term after that.

Plan Sponsor's Plan:  A pension or profit sharing plan of the Plan Sponsor
which is funded under the Contract.

Trustee:  The person or persons, if any, named as trustee of the Plan Sponsor's
Plan, and any person or persons who succeeds such person or persons in such
role.

                               AMOUNTS RECEIVED


The Plan Sponsor or Trustee is to send amounts to us from time to time on
behalf of the Member and other persons covered by the Plan Sponsor's Plan, on
the basis set forth in the Plan Sponsor's Plan.

                               AMOUNTS INVESTED


We will invest such amounts and transfer any balance held for you amount the
Divisions as the Plan Sponsor or Trustee instructs, as set forth in the Plan
Sponsor's Plan.  Many plans permit members to tell us how to invest such
amounts.  Transfers are not allowed into Money Market from the other Divisions.

                                PAYMENTS TO YOU


Amounts held under the Contract for you will be used, subject to the terms of
the Contract, to provide payments for you, either through purchase of an
insured monthly pension or in some other way, as the Plan Sponsor or Trustee
directs in keeping with the Plan Sponsor's Plan.

If an insured pension is purchased under the Contract for you, such pension
will be paid on the Life form described below or, as the Plan Sponsor or
Trustee reports, on any other form we offer, subject to law and to our rules.
Many plans require that pensions be paid with respect to married persons on the
payee and joint payee form with the spouse as the joint payee, unless the payee
and the spouse elect some other form or mode of payment in keeping with the law
and the given plan.

The Life form provides monthly payments to you starting as of a date reported
in advance by the Plan Sponsor or Trustee and ending with the last monthly
payment due before your death.

You should consult the Plan Sponsor as to other forms or modes of payment
allowed under the Plan Sponsor's Plan.



PF10,627                                                             Page 2 of 4

<PAGE>




If any data on which a payment made under the Contract is based has been in
error, we will adjust any later payments, in keeping with the Contract, on the
basis of the correct data.

Our insured pension contract setting forth the amount and terms of payment of
any insured monthly pension will be furnished to replace this Notice for each
person for whom such a pension is purchased under the Contract.

                                IF YOU WITHDRAW


If the Plan Sponsor or Trustee requests on your behalf when, subject to the
Plan Sponsor's Plan, you elect to withdraw some or all of the amount held under
the Contract for you, we will pay such amount subject to all terms of the
Contract that apply to such event, which may include the charge described
below.

If the amount you withdraw is in excess of the Free Corridor Amount (as defined
below), such excess is subject to a charge equal to 6% of the amounts received
from the Plan Sponsor or Trustee under the Contract on your behalf during the
current and just prior five Participation Years, to the extent such amounts
were not withdrawn before.

The "Free Corridor Amount" is, subject to the terms of the Contract, 10% of the
sum of the Members' Account Value and the balance of any active loan, less the
sum of any amount withdrawn before, any vesting loss, and any active loan that
went into default in the same Participation Year.

                                 DEATH PAYMENT


Upon our receipt of due proof of your death, a death payment will be due to the
person named to receive such payment in keeping with Contract.  Such death
payment will be equal to the greater of:

(a)     The Member's Account Value; or

(b)     An amount, subject to the terms of the Contract, that is equal to all
amounts we received from the Plan Sponsor or Trustee under the Contract on your
behalf, less the sum, with respect to you, of all such amounts withdrawn before
then, any prior vesting loss, and any active loan that went into default.

Subject to the terms of the Contract, the person due to receive the death
payment may elect to receive it in a single sum, to apply it to the purchase of
an insured monthly pension, to apply it to provide any other form of payment
then offered by us, or to credit it to an account under the Contract on a basis
described therein.

Upon request by a person due to receive such death payment, we will provide
such person with further advice as to other methods of payment.


PF10,627                                                             Page 3 of 4

<PAGE>




                              DEATH PAYMENT PAYEE

You may name (with the right to change such name from time to time) a payee or
payees to receive any payment or payments that might become due to a payee
under the Contract with respect to you.  The plan Sponsor's Plan may require,
if you are married, that your spouse be named as such payee unless your spouse
consents to the naming of some other payee, in keeping with the law and the
Plan Sponsor's Plan.  Any such naming or change therein will be by written
notice filed with the Plan Sponsor or Trustee.


                                     FEES


Certain fees charged by us under the Contract will be withdrawn from the
amounts held for you unless the Plan Sponsor or Trustee has made a direct
payment of such fees.

                               CONTRACT CHANGES


The Contract may be changed by rider or replaced if we and the trustee which
serves as contract holder so agree, without the consent of any other person
referred to in the Contract, but no such change will reduce any benefit, death
payment, or amount withdrawn that arose from amounts received by us before such
change, or any other payment to which we may commit under the Contract before
such change.

                        PLAN SPONSOR OR TRUSTEE OPTION


The Plan Sponsor or the Trustee may, subject to the Contract, elect to withdraw
the amount held for you, less any charges that apply, and transfer such amount
to some other contract or account which holds assets of the Plan Sponsor's
Plan.  If such transfer occurs we will not be obliged under the Contract to
make any further payments with respect to you.

                           OUR DUTY TO MAKE PAYMENTS


At any given time we are bound under the Contract with respect to you only to
make such payment or payments as we can provide under the terms of the
Contract, using those assets which arise from amounts received on your behalf
and not paid out before such time.


PF10,627                                                             Page 4 of 4

<PAGE>



FOLLOWING ARE THREE ALTERNATIVE PAGES (COVER, PAGE 3, PAGE 29)



<PAGE>


CONTRACT                Group Annuity Contract No. AC 6688

CONTRACT HOLDER         United States Trust Company of New York as Trustee
                        under the Members Retirement Trust of The Equitable
                        Life Assurance Society of the United States and the
                        Pooled Trust for Members Retirement Plans of The
                        Equitable Life Assurance Society of the United States

REGISTER DATE           July 1, 1992

The Contract is issued in consideration of the payment to Equitable of the
Contributions made hereunder.

ASSETS HELD IN CONNECTION WITH THIS CONTRACT MAY BE HELD IN THE SEPARATE
ACCOUNT MAINTAINED BY EQUITABLE AND MAY INCREASE OR DECREASE IN VALUE AS
DESCRIBED IN THIS CONTRACT.

THE AMOUNT OF THE ANNUITY BENEFIT WILL BE EQUAL TO THE SUM OF ANY FIXED ANNUITY
BENEFIT AND ANY VARIABLE ANNUITY BENEFIT. THE AMOUNT OF ANY VARIABLE ANNUITY
BENEFIT MAY INCREASE OR DECREASE AS DESCRIBED IN THIS CONTRACT.

The provisions of this Contract, which include the following pages, are agreed
to by the Contract Holder and Equitable.

FOR THE CONTRACT HOLDER                 FOR THE EQUITABLE

By _____________________________        By  ________________________________
                                            Chairman of the Board and
                                            Chief Executive Officer

Title __________________________        By  ________________________________
                                            Vice President and Secretary

Dated __________________________        By  ________________________________
                                            Assistant Registrar

At  New York, New York                  Date of Issue  _____________________
    ----------------------------
        (Head Office)

INTEREST RATE GUARANTEE - FIXED AND VARIABLE ANNUITY BENEFITS - NON-
PARTICIPATING

No.  1021-92




       
<PAGE>



                           TABLE OF CONTENTS - CONT'D

PART II - RETIREMENT ACCOUNT VALUE

        Section 2.01    -       Contribution                            11
        Section 2.02    -       Transfers of Unallocated Amounts        11
        Section 2.03    -       Transfers from Predecessor Contract     11
        Section 2.04    -       Separate Account                        12
        Section 2.05    -       Guaranteed Interest Division            12
        Section 2.06    -       Allocation of Contributions to 
                                Divisions                               13
        Section 2.07    -       Transfers among Divisions               13
        Section 2.08    -       Partial Withdrawal and Termination      14
        Section 2.09    -       Death Benefits                          15
        Section 2.10    -       Loans                                   16
        Section 2.11    -       Fees and Charges                        18
        Section 2.12    -       Forfeitures                             20

PART III - ANNUITY BENEFITS

        Section 3.01    -       Fixed Annuity Benefit                   22
        Section 3.02    -       Variable Annuity Benefit                22
        Section 3.03    -       Form of Annuity Benefit                 22
        Section 3.04    -       Report for Annuity Benefit              23
        Section 3.05    -       Application to Provide Annuity Benefit  23
        Section 3.06    -       Payment of Annuity Benefit              23

PART IV - GENERAL PROVISIONS

        Section 4.01    -       Contract                                25
        Section 4.02    -       Statutory Compliance                    25
        Section 4.03    -       Assignments and Non transferability     25
        Section 4.04    -       Manner of Payment                       26
        Section 4.05    -       Right to Change                         26
        Section 4.06    -       Beneficiary                             27
        Section 4.07    -       Deferment                               27
        Section 4.08    -       Contract Holder's Responsibility        28
        Section 4.09    -       Employer's and Employer Plan
                                Trustee's Responsibility                29
        Section 4.10    -       Plan Qualification                      29
        Section 4.11    -       Participation in Surplus                29

APPENDIX A      -       Tables of Guaranteed Annuity Payments           30


No. 1021-92              AC 6688                                          Page 3




       
<PAGE>



SECTION 4.09 EMPLOYER OR EMPLOYER PLAN TRUSTEE'S RESPONSIBILITY.  Equitable
shall make no payment hereunder without written instructions from the Employer
or Employer Plan Trustee, as applicable, and Equitable shall be fully
discharged of any liability therefor to the extent such payments are made
pursuant to such instructions.

SECTION 4.10 PLAN QUALIFICATION.  A "Qualified Plan" is a plan or agreement
that meets the requirements for qualification under Section 401(a) of the Code.
The Employer or Employer Plan Trustee is to provide evidence satisfactory to
Equitable that the Employer Plan is a Qualified Plan and, if at any time the
Employer Plan is no longer a Qualified Plan, the Employer or Employer Plan
Trustee is to give Equitable prompt written notice thereof.

If within (a) one year after the Funding Effective Date, or such longer period
as may be agreed upon in writing between the Employer or Employer Plan Trustee
and Equitable, the Employer or Employer Plan Trustee does not provide such
evidence that the Employer Plan is a Qualified Plan, or (b) the Employer or
Employer Plan Trustee gives notice that the Employer Plan is no longer a
Qualified Plan, then upon at least thirty days advance written notice to the
Employer or Employer Plan Trustee, Equitable may:

(i)     Prohibit further Contributions under this Contract with respect to the
        Employer Plan, and

(ii)    Withdraw from the Divisions the amounts therein with respect to the
        Employer Plan and make the payment described in Section 2.08,
        Paragraph (3).

No. 1021-92              AC 6688                                         Page 29




           THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES

              Application and Agreement for Establishment of Plan
                    Participation in the [Momentum] Program
                            Group Annuity Contract

Employer:__________________________________________________________

Employer Address:___________________________________________________

Employer Plan:______________________________________________________


I.  Plan/Trust   Type:  The  Employer  Plan  will   participate  in  Equitable's
    [Momentum] Program through adoption of the Members Retirement Plan and Trust
    by the Employer. The type of plan adopted thereunder is (Check one):

                [ ]  (a)  Standardized Profit Sharing Plan

                [ ]  (b)  Non-standardized Profit Sharing Plan

                [ ]  (c)  Simplified Profit Sharing Plan

                [ ]  (d)  Standardized Defined Contribution Pension Plan

                [ ]  (e)  Non-standardized Defined Contribution Pension Plan

                [ ]  (f)  Simplified Defined Contribution Pension Plan

                A duly authorized  officer of the Employer has, on behalf of the
                Employer,  completed  and signed the  appropriate  Participation
                Agreement with respect to such plan.

II. Application and Agreement:  By signature below of duly authorized person(s),
    the Employer hereby:

    A. Acknowledges having  received and read the  Prospectus  and Group Annuity
       Contract  for  Equitable's  [Momentum]  Program,  as  well  as the  ERISA
       Information Statement;

    B. Acknowledges understanding of the fees, charges, and funding arrangements
       under the [Momentum] Program;

PF10, 631                                                                 PAGE 1


<PAGE>


    C. Applies  for  participation  in  the  [Momentum]  Program  Group  Annuity
       Contract as funding vehicle for assets of the Employer Plan;

    D. Agrees to be bound by the  terms  and  conditions  of the  Group  Annuity
       Contract; and

    E. Acknowledges understanding  that no Agent of Equitable  has  authority to
       make or modify any  contract or agreement on  Equitable's  behalf,  or to
       waive or alter any of Equitable's rights or requirements.

       This   Application   and  Agreement  will  become   effective  only  upon
       acceptance,  by  signature  below,  of a  duly  authorized  signatory  on
       Equitable's behalf.


FOR EMPLOYER:
- -------------

_________________________    ____________________    _________________
Print Name of Employer       City                       State
or Officer

By____________________________________________    __________________
   Signature & Title of Employer or Officer               Date


ACCEPTED FOR EQUITABLE:
- -----------------------


_______________________________         By_______________________________
Print Name of Authorized Signatory        Signature of Authorized Signatory


EFFECTIVE DATE:_________________________  CLIENT NO.____________

A copy of the Application/Agreement should be retained in Applicant's files and
the original should be given to the Agent for forwarding to the Equitable
Processing Office along with the other installation materials.  These documents
will be signed by Equitable and returned to the Applicant after being
underwritten.  Initial contributions will be accepted by Equitable only after
installation documents have been approved by the Equitable Processing Office.


PF10, 631                                                                 PAGE 2


<PAGE>




           THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES

              Application and Agreement for Establishment of Plan
                    Participation in the [Momentum] Program
                            Group Annuity Contract


Employer:__________________________________________________________

Employer Address:___________________________________________________

Employer Plan:______________________________________________________

Participating Trust:___________________________________________________
__________________________________________________________________

I.  Plan/Trust   Type:  The  Employer  Plan  will   participate  in  Equitable's
    [Momentum]  Program  through  adoption  of  the  Pooled  Trust  for  Members
    Retirement  Plans by the Employer and the  Trustee(s)  of the  Participating
    Trust. The Employer Plan is a plan of the following type (Check one):

                [ ]  (a)  Profit Sharing Plan

                [ ]  (b)  Defined Contribution Pension Plan

II. Application and Agreement:  By signature below of duly authorized person(s),
    the Employer and the Trustee(s) of the Participating Trust, hereby:

    A. Acknowledge  having  received and read the  Prospectus  and Group Annuity
       Contract  for  Equitable's  [Momentum]  Program,  as  well  as the  ERISA
       Information Statement;

    B. Acknowledge  understanding of the fees, charges, and funding arrangements
       under the [Momentum] Program;

    C. Apply for participation in the [Momentum]  Program Group Annuity Contract
       as funding vehicle for some or all of the assets of the Employer Plan;

    D. Agree  to be bound by the  terms  and  conditions  of the  Group  Annuity
       Contract; and

    E. Acknowledge  understanding  that no Agent of Equitable  has  authority to
       make or modify any  contract or agreement on  Equitable's  behalf,  or to
       waive or alter any of Equitable's rights or requirements.


PF10, 632                                                                 PAGE 1


<PAGE>


       This   Application   and  Agreement  will  become   effective  only  upon
       acceptance,  by  signature  below,  of a  duly  authorized  signatory  on
       Equitable's behalf.

FOR EMPLOYER:
- -------------

_________________________    ____________________    _________________
Print Name of Employer            City                      State
or Officer

By____________________________________________     _________________
   Signature & Title of Employer or Officer               Date


FOR TRUSTEE(S):

_________________________    ____________________    _________________
Print Name of Trustee              City                     State

By_____________________________________________    _________________
             Signature of Trustee                         Date

_________________________    ____________________    _________________
  Print Name of Trustee              City                   State

By_____________________________________________    _________________
             Signature of Trustee                         Date

_________________________    ____________________    _________________
  Print Name of Trustee             City                    State

By_____________________________________________    _________________
             Signature of Trustee                         Date


PF10,632                                                                  Page 2


<PAGE>


ACCEPTED FOR EQUITABLE:
- -----------------------

_______________________________    By_______________________________
Print Name of Authorized Signatory    Signature of Authorized Signatory


EFFECTIVE DATE:_________________________  CLIENT NO.____________

A copy of the Application/Agreement should be retained in Applicant's files and
the original should be given to the Agent for forwarding to the Equitable
Processing Office along with the other installation materials.  These documents
will be signed by Equitable and returned to the Applicant after being
underwritten.  Initial contributions will be accepted only after installation
documents have been approved by the Equitable Processing Office.


PF10, 632                                                                 PAGE 3




                                                              JONATHAN E. GAINES
                                                                  Vice President
[EQUITABLE LOGO]                                   and Associate General Counsel
                                                                  (212) 554-3169
                                                              Fax (212) 554-1266

                                                                  LAW DEPARTMENT

                                                          August 10, 1992

The Equitable Life Assurance
     Society of the United States
787 Seventh Avenue
New York, New York  10019

Dear Sirs:

      This opinion is furnished in connection with the filing by The Equitable
Life Assurance Society of the United States ("Equitable") and Separate Account A
of Equitable ("Separate Account A") of a Form N-4 Registration Statement of
Equitable and Separate Account A under the Securities Act of 1933 (File No.
33-47949) and Amendment No. 32 to the Registration Statement of Separate Account
A under the Investment Company Act of 1940 included with the same Form N-4. The
Registration Statement covers an indefinite number of units of interest
("Units") in Separate Account A.

      The Units are purchased with contributions received under a group variable
annuity contract (the "Contract"). As described in the prospectus included in
the Registration Statement ("Prospectus"), the Contract is designed to provide
fixed and variable retirement benefits.

      I have examined all such corporate records of Equitable and such other
documents and laws as I consider appropriate as a basis for the opinion
hereinafter expressed. On the basis of such examination, it is my opinion that:

      1. Equitable is a corporation duly organized and validly existing under
the laws of the State of New York.

      2. Separate Account A was duly created pursuant to the provisions of the
New York Insurance Law.

      3. The assets of Separate Account A are owned by Equitable; Equitable is
not a trustee with respect thereto. Under New York law, the income, gains and
losses, whether or not realized, from assets allocated to Separate


           THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
                  787 SEVENTH AVENUE, NEW YORK, NEW YORK 10019
<PAGE>

                                      -2-

Account A must be credited to or charged against such account, without
regard to the other income, gains or losses of Equitable.

      4. The Contract provides that the portion of the assets of Separate
Account A equal to the reserves and other contract liabilities with respect to
Separate Account A shall not be chargeable with liabilities arising out of any
other business Equitable may conduct and that Equitable reserves the right to
transfer assets of Separate Account A in excess of such reserves and contract
liabilities to the general account of Equitable.

      5. The Contract (including any Units duly credited thereunder) has been
duly authorized and constitutes a validly issued and binding obligation of
Equitable in accordance with its terms.

      I hereby consent to the use of this opinion as an exhibit to the
Registration Statement.

                                                          Very truly yours,

                                                          /s/ Jonathan E. Gaines
                                                          ----------------------

5325i

                                    MOMENTUM



The following is an example of the  calculation  of the Money Market  Division's
yield for the  seven-day  period ended  December 31, 1993.  Yields may fluctuate
substantially from the example shown.

1.   The value of one Unit in a hypothetical
     account (excluding capital changes) at the 
     beginning of the seven-day period 
     (December 24, 1993)                                       $ 25.412950

2    The value of one Unit in the same hypothetical
     account (excluding capital changes) at the 
     end of the seven-day period
     (December 31, 1993)                                         25.420946

3.   Net change in Unit Value [(1) subtracted from 
     (2)]                                                          .007996

4.   Adjustment to the net change in the Unit Value
     to reflect the average annual administrative                  
     expense charge                                                .0000634

5.   Adjusted net change in the Unit Value [(4)
     subtracted from (3)]                                          .007933

6.   Base period return [(5) divided by (1)]                       .000312

7.   Current yield [(6) annualized (multiplied by 
     365/7)]                                                      1.63%

8.   Effective Yield                                              1.65%




       FORMULAE FOR DETERMINING CUMULATIVE AND ANNUALIZED RATES OF RETURN
                     FOR MOMENTUM THROUGH DECEMBER 31, 1993

       CRR = (UV[subscript: 12-31-93] \ UV [subscript: (12-31-93)-B]) -1

          ARR = [{UV [subscript: 12/31/93] \ 
          UV [subscript: (12-31-93)-B]) [superscript: 1/B] -1] x 100

<TABLE>
<S>     <C>                               <C>
where:         B                          is the total time of the investment, in years or fraction thereof.

           UV[subscript: (12-31-93)]      is the separate account unit value at 12-31-93.

        UV[subscript: (12-31-93)-B]       is the separate account unit value at time B years prior to 12-31-93.

             CRR                          is the cumulative rate of return over the period of B years.

             ARR                          is the annualized rate of return over the period of B years.
</TABLE>




<PAGE>


<TABLE>
<CAPTION>
                                CUMULATIVE AND ANNUALIZED RATES OF RETURN FOR EQUI-VEST AND MOMENTUM

                                       ACCUMULATION UNIT VALUES ([subscript: UV(12-31-83)]-B)

Division              12/31/93     12/31/92     12/31/90     12/31/88     12/31/83     12/31/73
- --------              --------     --------     --------     --------     --------     --------
                                      B=1         B=3           B=5         B=10         B=20       Since Inception*
                                      ---         ---           ---         ----         ----       ----------------
                                                                                                        
<S>                  <C>          <C>           <C>          <C>          <C>          <C>            <C>      
Stock                128.807492   104.627091    75.665624    67.220229    35.203215    13.930000        10.030000
Money Market          25.412953    25.014473    23.381166    20.319365    14.813059                     12.879414
Balanced              28.853651    26.038399    19.401129    15.801712                                  10.000000
Aggressive            55.683075    48.301505    27.355194    18.092816                                  10.000000

Quality Bond          98.779000                                                                         99.616600
High Yield           100.037700    82.338600    60.515300    59.788900                                  53.471900
Growth & Income      100.782900   101.380100                                                           101.380100
Global               100.353500    76.983600    60.890200    52.544800                                  55.637600
Conservative Inv.    100.548800    92.010700    74.555300                                               69.119900
Growth Investors     100.827100    88.663900    58.293400                                               51.533100

Intermediate Govt    100.470400    92.091600                                                            79.676917


<CAPTION>
                                       CUMULATIVE RATES OF RETURN (CRR)

Division                             B=1             B=3              B=5             B=10            B=20        Since Inception*
- --------                             ---             ---              ---             ----            ----        ----------------

<S>                                 <C>              <C>             <C>              <C>              <C>              <C>     
Stock                               23.11%            70.23%          91.62%          265.90%          824.68%          1184.22%
Money Market                         1.59%             8.69%          25.07%           71.56%                             97.31%
Balanced                            10.81%            48.72%          82.60%                                             188.54%
Aggressive                          15.28%           103.56%         207.76%                                             456.83%

Quality Bond                                                                                                              -0.84%
High Yield                          21.50%            65.31%          67.32%                                              87.08%
Growth & Income                                                                                                           -0.59%
Global                              30.36%            64.81%          90.99%                                              80.37%
Conservative Inv.                    9.28%            34.86%                                                              45.47%
Growth Investors                    13.72%            72.96%                                                              95.66%

Intermediate Govt                    9.10%                                                                                26.10%


<CAPTION>
                                       ANNUALIZED RATES OF RETURN (ARR)

Division                            B=1             B=3              B=5             B=10            B=20        Since Inception*
- --------                            ---             ---              ---             ----            ----        ----------------
                                                                                                                    
<S>                                <C>               <C>             <C>              <C>              <C>          <C>   
Stock                              23.11%            19.40%          13.89%           13.85%           11.76%       10.57%
Money Market                        1.59%             2.82%           4.58%            5.55%                         6.01%
Balanced                           10.81%            14.15%          12.80%                                         11.58%
Aggressive                         15.28%            26.73%          25.21%                                         19.44%

Quality Bond                                                                                                        -0.84%**
High Yield                         21.50%            18.24%          10.84%                                          9.37%
Growth & Income                                                                                                     -0.59%**
Global                             30.36%            18.12%          13.82%                                          9.74%
Conservative Inv.                   9.28%            10.48%                                                          9.23%
Growth Investors                   13.72%            20.04%                                                         17.12%

Intermediate Govt                   9.10%                                                                            8.79%

<CAPTION>

         *Number of years since inception, or fraction thereof, where inception dates are:

<S>                    <C>        <C>                   <C>          <C>                        <C>  
Stock                  08/01/68   Quality Bond          10/01/93     Conservative Inv.          10/02/89
Money Market           05/11/82   High Yield            01/02/87     Growth Investors           10/02/89
Balanced               05/01/84   Growth & Income       10/01/93     Intermediate Govt          04/01/91
Aggressive             05/01/84   Global                08/27/87
</TABLE>

         **Unannualized.


<PAGE>


 FORMULAE FOR DETERMINING STANDARDIZED PERFORMANCE VALUE AND ANNUALIZED AVERAGE
                   PERFORMANCE RATIO FOR MOMENTUM CERTIFICATES

          Invested in One Investment Fund of the Hudson River Trust and
                        Terminated on December 31, 1993



            AV [subscript: 0] = $1,000.00

            AC [subscript: t] = min [$7.50,0.5% x AV [subscript: t]]

            AV [subscript: t] = (AV [subscript: t-1]-AC [subscript: t-1]) x
            [UV [subscript: t] \ UV [subscript: t-1])

            Acct = AV [subscript: 12-31-93] - AC [subscript: 12-31-93]

            CV = Acct - SC

            AAR = [(CV \ AV [subscript: 0]) [superscript: 1/B] -1] x 100


<TABLE>
<S>       <C>                    <C>                                             
where:    AV [subscript: 0]      is the amount invested on the inception date.

            t                    is the anniversary date of the Momentum certificate, which is from 1
                                 to B years after the date of inception (t=0)
 
            B                    is the total time of the investment, in calendar quarters or fraction
                                 thereof, from the date of inception

            AC [subscript: 1]    is the administration charge at time of t.

            AV [subscript: 1]    is the accumulated value at time t of AV [subscript: 0]

            UV [subscript: 1]    is the separate account unit value at time t.

            Acct                 is the account value of the Momentum certificate on the termination
                                 date.

            CV                   is the cash value of the Momentum certificate on the termination date.

            SC                   is the applicable surrender charge for the Momentum certificate on the
                                 termination date.

            AAR                  is the average annual return over the period of B calendar
                                 quarters.
</TABLE>


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                             Investment Fund: Stock


<TABLE>
<CAPTION>
                                 B = One Year             B = Three Years            B = Five Years            B = Ten Years
                           -----------------------   ------------------------    -----------------------   -----------------------
                           (AV [sub-     (AC [sub-      (AV [sub-   (AC [sub-     (AV [sub-  (AC [sub-      (AV [sub-  (AC [sub-
             (UV [sub-     script: t])   script: t])    script: t]) script: t])  script: t])  script: t])  script: t]) script: t])
             script: t])       Account     Admin          Account    Admin         Account     Admin          Account    Admin
  Date        Unit Value   t    Value      Charge   t      Value     Charge   t     Value      Charge    t     Value     Charge
  ----        ----------   -    -----      ------   -      -----     ------   -     -----      ------    -     -----     ------
<S>          <C>         <C> <C>           <C>    <C>   <C>           <C>   <C>  <C>             <C>    <C>  <C>           <C> 
  12/31/82    28.429957
   3/31/83    32.395488
   6/30/83    36.908385
   9/30/83    35.967799
  12/31/83    35.203215                                                                                  0   1,000.00
   3/31/84    32.419185                                                                                  1     920.92      4.60
   6/30/84    32.115442                                                                                  2     907.73      4.54
   9/30/84    33.838507                                                                                  3     951.65      4.76
  12/31/84    34.028544                                                                                  4     952.20      4.76
   3/31/85    38.089117                                                                                  5   1,060.50      5.30
   6/30/85    40.365113                                                                                  6   1,118.25      5.59
   9/30/85    39.178393                                                                                  7   1,079.95      5.40
  12/31/85    45.113988                                                                                  8   1,237.34      6.19
   3/31/86    53.487464                                                                                  9   1,459.67      7.30
   6/30/86    57.737789                                                                                 10   1,567.78      7.50
   9/30/86    52.068521                                                                                 11   1,407.08      7.04
  12/31/86    52.103759                                                                                 12   1,400.99      7.00
   3/31/87    63.727943                                                                                 13   1,704.98      7.50
   6/30/87    67.455673                                                                                 14   1,796.77      7.50
   9/30/87    74.947820                                                                                 15   1,988.00      7.50
  12/31/87    55.302407                                                                                 16   1,461.37      7.31
   3/31/88    60.880340                                                                                 17   1,600.72      7.50
   6/30/88    64.255390                                                                                 18   1,681.55      7.50
   9/30/88    66.164295                                                                                 19   1,723.78      7.50
  12/31/88    67.220229                                                      0   1,000.00               20   1,743.67      7.50
   3/31/89    72.712154                                                      1   1,081.70        5.41   21   1,878.02      7.50
   6/30/89    81.004707                                                      2   1,199.04        6.00   22   2,083.84      7.50
   9/30/89    87.371489                                                      3   1,286.81        6.43   23   2,239.54      7.50
  12/31/89    83.400518                                                      4   1,222.19        6.11   24   2,130.59      7.50
   3/31/90    81.812893                                                      5   1,192.93        5.96   25   2,082.68      7.50
   6/30/90    86.039404                                                      6   1,248.28        6.24   26   2,182.38      7.50
   9/30/90    68.510840                                                      7     989.00        4.95   27   1,731.80      7.50
  12/31/90    75.665624                            0    1,000.00             8   1,086.83        5.43   28   1,904.37      7.50
   3/31/91    92.459904                            1    1,221.95      6.11   9   1,321.41        6.61   29   2,317.89      7.50
   6/30/91    90.105855                            2    1,184.89      5.92  10   1,281.33        6.41   30   2,251.57      7.50
   9/30/91    99.332182                            3    1,299.68      6.50  11   1,405.47        7.03   31   2,473.85      7.50
  12/31/91   102.761532                            4    1,337.83      6.69  12   1,446.72        7.23   32   2,551.50      7.50
   3/31/92   102.224661                            5    1,324.19      6.62  13   1,431.97        7.16   33   2,530.71      7.50
   6/30/92    98.658335                            6    1,271.60      6.36  14   1,375.10        6.88   34   2,435.18      7.50
   9/30/92    96.354734                            7    1,235.70      6.18  15   1,336.28        6.68   35   2,371.00      7.50
  12/31/92   104.627091  0   1,000.00              8    1,335.08      6.68  16   1,443.74        7.22   36   2,566.41      7.50
   3/31/93   111.246083  1   1,063.26      5.32    9    1,412.44      7.06  17   1,527.40        7.50   37   2,720.79      7.50
   6/30/93   114.559940  2   1,089.46      5.45   10    1,447.24      7.24  18   1,565.18        7.50   38   2,794.12      7.50
   9/30/93   124.271525  3   1,175.91      5.88   11    1,562.08      7.50  19   1,689.73        7.50   39   3,022.85      7.50
  12/31/93   128.807492  4   1,212.74      6.06   12    1,611.32      7.50  20   1,743.63        7.50   40   3,125.41      7.50

  Account Value (Acct):      1,206.67                   1,603.82                 1,736.13                    3,117.91

 Surrender Charge (SC):         60.00                      60.00                    60.00                        0.00
                           ----------------------------------------------------------------------------------------------------
        Cash Value(CV):      1,146.67                   1,543.82                 1,676.13                    3,117.91
Average Annual Return 
                 (AAR):         14.67%                     15.58%                   10.88%                      12.04%
                           ----------------------------------------------------------------------------------------------------
</TABLE>


4/6/94                                                      [MOM93PRF.XLW]Stock


<PAGE>





        Standardized Performance for the Period Ending December 31, 1993
                          Investment Fund: Money Market


<TABLE>
<CAPTION>
                                 B = One Year             B = Three Years            B = Five Years            B = Ten Years
                           -----------------------   ------------------------    -----------------------     ---------------------
                           (AV [sub-     (AC [sub-      (AV [sub-   (AC [sub-     (AV [sub-  (AC [sub-      (AV [sub-  (AC [sub-
             (UV [sub-     script: t])   script: t])    script: t]) script: t])  script: t])  script: t])  script: t]) script: t])
             script: t])       Account     Admin          Account    Admin         Account     Admin          Account    Admin
  Date        Unit Value   t    Value      Charge   t      Value     Charge   t     Value      Charge    t     Value     Charge
  ----        ----------   -    -----      ------   -      -----     ------   -     -----      ------    -     -----     ------
<S>           <C>        <C> <C>           <C>    <C>   <C>           <C>   <C>  <C>             <C>   <C>  <C>           <C> 
  12/31/82    13.757672
   3/31/83    13.989585
   6/30/83    14.244900
   9/30/83    14.536333
  12/31/83    14.813059                                                                                 1   1,000.00
   3/31/84    15.101296                                                                                 2   1,019.46      5.10
   6/30/84    15.432233                                                                                 3   1,036.59      5.18
   9/30/84    15.824472                                                                                 4   1,057.62      5.29
  12/31/84    16.215445                                                                                 5   1,078.33      5.39
   3/31/85    16.481372                                                                                 6   1,090.54      5.45
   6/30/85    16.778739                                                                                 7   1,104.66      5.52
   9/30/85    17.036125                                                                                 8   1,116.00      5.58
  12/31/85    17.308762                                                                                 9   1,128.19      5.64
   3/31/86    17.583846                                                                                10   1,140.39      5.70
   6/30/86    17.821361                                                                                11   1,150.02      5.75
   9/30/86    18.041086                                                                                12   1,158.37      5.79
  12/31/86    18.220373                                                                                13   1,164.04      5.82
   3/31/87    18.427640                                                                                14   1,171.39      5.86
   6/30/87    18.659643                                                                                15   1,180.21      5.90
   9/30/87    18.895486                                                                                16   1,189.15      5.95
  12/31/87    19.180943                                                                                17   1,201.08      6.01
   3/31/88    19.428081                                                                                18   1,210.47      6.05
   6/30/88    19.680669                                                                                19   1,220.08      1.10
   9/30/88    19.989028                                                                                20   1,233.00      1.16
  12/31/88    20.319365                                                      0   1,000.00              21   1,247.11      6.24
   3/31/89    20.704874                                                      1   1,018.97        5.09  22   1,264.41      6.32
   6/30/89    21.122863                                                      2   1,034.35        5.17  23   1,283.49      6.42
   9/30/89    21.509538                                                      3   1,048.01        5.24  24   1,300.45      6.50
  12/31/89    21.887910                                                      4   1,061.12        5.31  25   1,316.71      6.58
   3/31/90    22.246394                                                      5   1,073.10        5.37  26   1,331.58      6.66
   6/30/90    22.618227                                                      6   1,085.58        5.43  27   1,347.07      6.74
   9/30/90    22.982144                                                      7   1,097.54        5.49  28   1,361.90      6.81
  12/31/90    23.381166                            0    1,000.00             8   1,111.01        5.56  29   1,378.62      6.89
   3/31/91    23.699593                            1    1,013.62      5.07   9   1,120.51        5.60  30   1,390.41      6.95
   6/30/91    23.964755                            2    1,019.83      5.10  10   1,127.38        5.64  31   1,398.94      6.99
   9/30/91    24.235818                            3    1,026.21      5.13  11   1,134.43        5.67  32   1,407.68      7.04
  12/31/91    24.478278                            4    1,031.30      5.16  12   1,140.05        5.70  33   1,414.66      7.07
   3/31/92    24.631056                            5    1,032.55      5.16  13   1,141.43        5.71  34   1,416.37      7.08
   6/30/92    24.785323                            6    1,033.82      5.17  14   1,142.84        5.71  35   1,418.12      7.09
   9/30/92    24.919590                            7    1,034.22      5.17  15   1,143.28        5.72  36   1,418.67      7.09
  12/31/92    25.014473  0   1,000.00              8    1,032.97      5.16  16   1,141.90        5.71  37   1,416.95      7.08
   3/31/93    25.121686  1   1,004.29      5.02    9    1,032.21      5.16  17   1,141.06        5.71  38   1,415.91      7.08
   6/30/93    25.212270  2   1,002.87      5.01   10    1,030.75      5.15  18   1,139.45        5.70  39   1,413.91      7.07
   9/30/93    25.313065  3   1,001.84      5.01   11    1,029.70      5.15  19   1,138.28        5.69  40   1,412.46      7.06
  12/31/93    25.412953  4   1,000.77      5.00   12    1,028.59      5.14  20   1,137.06        5.69  41   1,410.95      7.05

  Account Value (Acct):        995.76                   1,023.45                 1,131.38                   1,403.89

 Surrender Charge (SC):         53.77                      55.27                    60.00                       0.00
                           ----------------------------------------------------------------------------------------------------
        Cash Value(CV):        941.99                     968.18                 1,071.38                   1,403.89
Average Annual Return          
                 (AAR):         -5.80%                     -1.07%                    1.39%                      3.45%
                           ----------------------------------------------------------------------------------------------------
</TABLE>


4/6/94                                                [MOM93PRF.XLW]Money Market


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                            Investment Fund: Balanced


<TABLE>
<CAPTION>
                                 B = One Year             B = Three Years             B = Five Years            Since Inception
                           -----------------------   ------------------------     -----------------------     ---------------------
                           (AV [sub-     (AC [sub-      (AV [sub-   (AC [sub-     (AV [sub-  (AC [sub-      (AV [sub-  (AC [sub-
             (UV [sub-     script: t])   script: t])    script: t]) script: t])  script: t])  script: t])  script: t]) script: t])
             script: t])       Account     Admin          Account    Admin         Account     Admin          Account    Admin
  Date        Unit Value   t    Value      Charge   t      Value     Charge   t     Value      Charge    t     Value     Charge
  ----        ----------   -    -----      ------   -      -----     ------   -     -----      ------    -     -----     ------
<S>           <C>           <C> <C>           <C>    <C>   <C>           <C>   <C>  <C>             <C>   <C>  <C>           <C> 
    5/1/84    10.000000                                                                                    0   1,000.00
   6/30/84    10.028213                                                                                    1   1,002.82      5.01
   9/30/84    10.363016                                                                                    2   1,031.12      5.16
  12/31/84    10.607317                                                                                    3   1,050.15      5.25
   3/31/85    11.380389                                                                                    4   1,121.05      5.61
   6/30/85    12.181130                                                                                    5   1,193.93      5.97
   9/30/85    11.591276                                                                                    6   1,130.44      5.65
  12/31/85    13.140844                                                                                    7   1,275.15      6.38
   3/31/86    15.302490                                                                                    8   1,477.49      7.39
   6/30/86    16.004373                                                                                    9   1,537.53      7.50
   9/30/86    14.314413                                                                                   10   1,365.47      6.84
  12/31/86    14.687557                                                                                   11   1,397.12      6.99
   3/31/87    16.728017                                                                                   12   1,583.26      7.50
   6/30/87    16.656552                                                                                   13   1,569.03      7.50
   9/30/87    17.737080                                                                                   14   1,662.82      7.50
  12/31/87    13.950974                                                                                   15   1,301.98      6.51
   3/31/88    14.675158                                                                                   16   1,362.72      6.81
   6/30/88    14.916598                                                                                   17   1,378.21      6.89
   9/30/88    15.305378                                                                                   18   1,407.06      7.04
  12/31/88    15.801712                                                         0   1,000.00              19   1,445.43      7.23
   3/31/89    16.433060                                                         1   1,039.95        5.20  20   1,495.67      7.48
   6/30/89    17.983443                                                         2   1,132.38        5.66  21   1,628.59      7.50
   9/30/89    19.119246                                                         3   1,197.88        5.99  22   1,723.48      7.50
  12/31/89    19.688488                                                         4   1,227.38        6.14  23   1,767.07      7.50
   3/31/90    18.938951                                                         5   1,174.75        5.87  24   1,692.58      7.50
   6/30/90    19.851309                                                         6   1,225.18        6.13  25   1,766.26      7.50
   9/30/90    18.115617                                                         7   1,112.47        5.56  26   1,604.98      7.50
  12/31/90    19.401129                               0    1,000.00             8   1,185.45        5.93  27   1,710.84      7.50
   3/31/91    21.442171                               1    1,105.20      5.53   9   1,303.61        6.52  28   1,882.54      7.50
   6/30/91    21.155631                               2    1,084.98      5.42  10   1,279.76        6.40  29   1,849.98      7.50
   9/30/91    23.679907                               3    1,208.37      6.04  11   1,425.30        7.13  30   2,062.32      7.50
  12/31/91    27.165865                               4    1,379.32      6.90  12   1,626.95        7.50  31   2,357.32      7.50
   3/31/92    25.378799                               5    1,282.14      6.41  13   1,512.91        7.50  32   2,195.24      7.50
   6/30/92    24.249907                               6    1,218.99      6.09  14   1,438.45        7.19  33   2,090.42      7.50
   9/30/92    24.783196                               7    1,239.56      6.20  15   1,462.73        7.31  34   2,128.73      7.50
  12/31/92    26.038399     0   1,000.00              8    1,295.83      6.48  16   1,529.13        7.50  35   2,228.66      7.50
   3/31/93    26.896987     1   1,032.97      5.16    9    1,331.87      6.66  17   1,571.81        7.50  36   2,294.40      7.50
   6/30/93    26.888664     2   1,027.49      5.14   10    1,324.80      6.62  18   1,563.82        7.50  37   2,286.20      7.50
   9/30/93    28.597003     3   1,087.31      5.44   11    1,401.92      7.01  19   1,655.20        7.50  38   2,423.47      7.50
  12/31/93    28.853651     4   1,091.58      5.46   12    1,407.43      7.04  20   1,662.49        7.50  39   2,437.65      7.50
                           
- -----------              
  Account Value (Acct):         1,086.12                   1,400.40                 1,654.99                   2,430.15

 Surrender Charge (SC):            58.65                      60.00                    60.00                       0.00
                           ----------------------------------------------------------------------------------------------------
        Cash Value(CV):         1,027.47                   1,340.40                 1,594.99                   2,430.15
Average Annual Return  
                 (AAR):             2.75%                     10.26%                    9.79%                      9.62%
                           ----------------------------------------------------------------------------------------------------
</TABLE>


4/13/94                                                   [MOM93PRF.XLW]Balanced


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                        Investment Fund: Aggressive Stock


<TABLE>
<CAPTION>
                                 B = One Year             B = Three Years            B = Five Years            Since Inception
                           -----------------------   ------------------------    -----------------------     ---------------------
                           (AV [sub-     (AC [sub-      (AV [sub-   (AC [sub-     (AV [sub-  (AC [sub-      (AV [sub-  (AC [sub-
             (UV [sub-     script: t])   script: t])    script: t]) script: t])  script: t])  script: t])  script: t])  script: t])
             script: t])       Account     Admin          Account    Admin         Account     Admin          Account    Admin
  Date        Unit Value   t    Value      Charge   t      Value     Charge   t     Value      Charge    t     Value     Charge
  ----        ----------   -    -----      ------   -      -----     ------   -     -----      ------    -     -----     ------
<S>           <C>        <C> <C>           <C>      <C>   <C>           <C>   <C>  <C>             <C>   <C>  <C>           <C> 
    5/1/84    10.000000                                                                                   0   1,000.00
   6/30/84     9.665178                                                                                   1     966.52      4.83
   9/30/84    10.495167                                                                                   2   1,044.27      5.22
  12/31/84    10.495977                                                                                   3   1,039.13      5.20
   3/31/85    12.057450                                                                                   4   1,187.75      5.94
   6/30/85    13.118601                                                                                   5   1,285.82      6.43
   9/30/85    12.518541                                                                                   6   1,220.87      6.10
  12/31/85    15.031110                                                                                   7   1,458.58      7.29
   3/31/86    17.717085                                                                                   8   1,710.62      7.50
   6/30/86    19.731598                                                                                   9   1,896.77      7.50
   9/30/86    17.373140                                                                                  10   1,663.45      7.50
  12/31/86    18.330288                                                                                  11   1,747.19      7.50
   3/31/87    22.746448                                                                                  12   2,158.81      7.50
   6/30/87    23.505429                                                                                  13   2,223.10      7.50
   9/30/87    26.150633                                                                                  14   2,464.93      7.50
  12/31/87    18.146736                                                                                  15   1,705.29      7.50
   3/31/88    19.842068                                                                                  16   1,856.40      7.50
   6/30/88    20.461107                                                                                  17   1,906.58      7.50
   9/30/88    18.636566                                                                                  18   1,729.74      7.50
  12/31/88    18.092816                                                        0   1,000.00              19   1,671.99      7.50
   3/31/89    20.470880                                                        1   1,131.44        5.66  20   1,883.27      7.50
   6/30/89    23.208771                                                        2   1,276.35        6.38  21   2,126.64      7.50
   9/30/89    24.828356                                                        3   1,358.59        6.79  22   2,267.02      7.50
  12/31/89    25.864365                                                        4   1,408.20        7.04  23   2,353.81      7.50
   3/31/90    26.091840                                                        5   1,413.48        7.07  24   2,366.94      7.50
   6/30/90    29.396059                                                        6   1,584.52        7.50  25   2,658.24      7.50
   9/30/90    23.431338                                                        7   1,257.03        6.29  26   2,112.88      7.50
  12/31/90    27.355194                              0    1,000.00             8   1,460.20        7.30  27   2,457.95      7.50
   3/31/91    38.281546                              1    1,399.43      7.00   9   2,033.22        7.50  28   3,429.22      7.50
   6/30/91    36.851101                              2    1,340.40      6.70  10   1,950.03        7.50  29   3,293.86      7.50
   9/30/91    43.644693                              3    1,579.57      7.50  11   2,300.64        7.50  30   3,892.21      7.50
  12/31/91    50.511325                              4    1,819.40      7.50  12   2,653.92        7.50  31   4,495.90      7.50
   3/31/92    48.775604                              5    1,749.64      7.50  13   2,555.48        7.50  32   4,334.16      7.50
   6/30/92    44.152886                              6    1,577.03      7.50  14   2,306.49        7.50  33   3,916.60      7.50
   9/30/92    41.308161                              7    1,468.40      7.34  15   2,150.87        7.50  34   3,657.24      7.50
  12/31/92    48.301505  0   1,000.00                8    1,708.41      7.50  16   2,506.24        7.50  35   4,267.63      7.50
   3/31/93    46.750958  1     967.90      4.84      9    1,646.31      7.50  17   2,418.52        7.50  36   4,123.38      7.50
   6/30/93    49.677762  2   1,023.35      5.12     10    1,741.41      7.50  18   2,561.96        7.50  37   4,373.55      7.50
   9/30/93    54.869714  3   1,124.65      5.62     11    1,915.12      7.50  19   2,821.44        7.50  38   4,822.35      7.50
  12/31/93    55.683075  4   1,135.62      5.68     12    1,935.90      7.50  20   2,855.65        7.50  39   4,886.23      7.50

- -----------
  Account Value (Acct):      1,129.94                     1,928.40                 2,848.15                   4,878.73

 Surrender Charge (SC):         60.00                        60.00                    60.00                       0.00
                           ----------------------------------------------------------------------------------------------------
        Cash Value(CV):      1,069.94                     1,868.40                 2,788.15                   4,878.73
Average Annual Return
                 (AAR):          6.99%                       23.17%                   22.76%                     17.81%
                           ----------------------------------------------------------------------------------------------------
</TABLE>


4/6/94                                            [MOM93PRF.XLW]Aggressive Stock


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                          Investment Fund: Quality Bond


<TABLE>
<CAPTION>
                                                   B = One Year                       Since Inception
                                            -------------------------              ------------------------- 
                                               Account        Admin                 Account        Admin
          Date            Unit Value   t        Value         Charge    t            Value         Charge
          ----            ----------   -        -----         ------    -            -----         ------
<S>                        <C>         <C>      <C>           <C>       <C>        <C>             <C>       
          12/31/92
           3/31/93
           6/30/93
           10/1/93         99.616618                                    0          10000.0000
          12/31/93         98.778977                                    1            991.5914      4.9580

                 Account Value (Acct):                                               986.6334

                Surrender Charge (SC):                                                53.2782
                                            -----------------------------------------------------------------
                      Cash Value (CV):                                               933.3552
          Average Annual Return (AAR):                                                 -24.18%
                                            -----------------------------------------------------------------
</TABLE>



4/6/94                     Momentum                   [MOM93PRF.XLW]Quality Bond


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                           Investment Fund: High Yield


<TABLE>
<CAPTION>
                                 B = One Year             B = Three Years             B = Five Years            Since Inception
                           -----------------------   ------------------------     -----------------------     ---------------------
                               Account     Admin          Account    Admin          Account     Admin          Account     Admin
   Date       Unit Value   t    Value      Charge   t      Value     Charge    t     Value      Charge    t     Value      Charge
   ----       ----------   -    -----      ------   -      -----     ------    -     -----      ------    -     -----      ------
<S>          <C>            <C> <C>           <C>   <C>   <C>           <C>    <C>  <C>           <C>     <C>  <C>          <C> 
    1/2/87    53.471871                                                                                    0   1,000.00
   3/31/87    54.053194                                                                                    1   1,010.87     5.05
   6/30/87    54.119038                                                                                    2   1,007.04     5.04
   9/30/87    54.158752                                                                                    3   1,002.74     5.01
  12/31/87    55.225461                                                                                    4   1,017.38     5.09
   3/31/88    57.044513                                                                                    5   1,045.64     5.23
   6/30/88    57.999544                                                                                    6   1,057.83     5.29
   9/30/88    58.883827                                                                                    7   1,068.59     5.34
  12/31/88    59.788945                                                         0   1,000.00               8   1,079.59     5.40
   3/31/89    60.651467                                                         1   1,014.43      5.07     9   1,089.68     5.45
   6/30/89    62.841247                                                         2   1,045.80      5.23    10   1,123.38     5.62
   9/30/89    62.537988                                                         3   1,035.55      5.18    11   1,112.37     5.56
  12/31/89    62.016058                                                         4   1,021.77      5.11    12   1,097.57     5.49
   3/31/90    60.957880                                                         5     999.31      5.00    13   1,073.45     5.37
   6/30/90    62.894547                                                         6   1,025.91      5.13    14   1,102.02     5.51
   9/30/90    59.332197                                                         7     962.96      4.81    15   1,034.40     5.17
  12/31/90    60.515262                              0    1,000.00              8     977.25      4.89    16   1,049.75     5.25
   3/31/91    64.923011                              1    1,072.84      5.36    9   1,043.19      5.22    17   1,120.58     5.60
   6/30/91    67.352795                              2    1,107.42      5.54   10   1,076.82      5.38    18   1,156.70     5.78
   9/30/91    70.657468                              3    1,155.95      5.78   11   1,124.00      5.62    19   1,207.39     6.04
  12/31/91    74.308235                              4    1,209.60      6.05   12   1,176.17      5.88    20   1,263.43     6.32
   3/31/92    76.719320                              5    1,242.60      6.21   13   1,208.26      6.04    21   1,297.90     6.49
   6/30/92    79.155263                              6    1,275.65      6.37   14   1,240.39      6.20    22   1,332.41     6.66
   9/30/92    82.048540                              7    1,315.66      6.58   15   1,279.30      6.40    23   1,374.21     6.87
  12/31/92    82.338588     1   1,000.00             8    1,313.71      6.57   16   1,277.41      6.39    24   1,372.17     6.86
   3/31/93    88.317796     2   1,072.62      5.36   9    1,402.06      7.01   17   1,363.32      6.82    25   1,464.46     7.32
   6/30/93    92.529629     3   1,118.15      5.59  10    1,461.58      7.31   18   1,421.19      7.11    26   1,526.63     7.50
   9/30/93    93.911670     4   1,129.18      5.65  11    1,476.00      7.38   19   1,435.21      7.18    27   1,541.82     7.50
  12/31/93   100.037653     5   1,196.82      5.98  12    1,564.42      7.50   20   1,521.18      7.50    28   1,634.40     7.50
                                                                                                       
  Account Value (Acct):         1,190.84                  1,556.92                  1,513.68                   1,626.90

 Surrender Charge (SC):            60.00                     60.00                     60.00                       0.00
                           ---------------------------------------------------------------------------------------------------
        Cash Value(CV):         1,130.84                  1,496.92                  1,453.68                   1,626.90
Average Annual Return
                 (AAR):            13.08%                    14.39%                     7.77%                      7.21%
                           ---------------------------------------------------------------------------------------------------
</TABLE>



4/6/94                      Momentum                    [MOM93PRF.XLW]High Yield


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                        Investment Fund: Growth & Income


<TABLE>
<CAPTION>
                                                   B = One Year                       Since Inception
                                           ---------------------------             ---------------------------
                                              Account         Admin                Account         Admin
        Date            Unit Value   t         Value         Charge     t           Value         Charge
        ----            ----------   -         -----         ------     -           -----         ------
<S>                     <C>          <C>       <C>           <C>        <C>       <C>             <C>
        12/31/92
         3/31/93
         6/30/93
         10/1/93         101.380093                                     0         1,000.00
        12/31/93         100.782857                                     1           994.11        4.97

               Account Value (Acct):                                                989.14

              Surrender Charge (SC):                                                 53.41
                                           ------------------------------------------------------------------
                    Cash Value (CV):                                                935.72
        Average Annual Return (AAR):                                                -23.41%
                                           ------------------------------------------------------------------
</TABLE>


4/6/94                        Momentum             [MOM93PRF.XLW]Growth & Income


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                     Investment Fund: Conservation Investors


<TABLE>
<CAPTION>
                                       B = One Year           B = Three Years             Since Inception
                                   ---------------------    ---------------------       -----------------------
                                     Account    Admin         Account    Admin           Account        Admin
         Date       Unit Value   t    Value     Charge   t     Value     Charge    t      Value         Charge
         ----       ----------   -    -----     ------   -     -----     ------    -      -----         ------
<S>                 <C>          <C> <C>         <C>     <C>  <C>         <C>      <C>   <C>             <C> 
          10/2/89    69.119928                                                      0    1,000.00
         12/31/89    71.019416                                                      1    1,027.48        5.14
          3/31/90    69.973694                                                      2    1,007.29        5.04
          6/30/90    72.290718                                                      3    1,035.44        5.18
          9/30/90    70.288738                                                      4    1,001.73        5.01
         12/31/90    74.555332                            0   1,000.00              5    1,057.23        5.29
          3/31/91    76.450113                            1   1,025.41    5.1271    6    1,078.67        5.39
          6/30/91    77.480501                            2   1,034.04    5.1702    7    1,087.75        5.44
          9/30/91    82.735983                            3   1,098.66    5.4933    8    1,155.72        5.78
         12/31/91    88.156628                            4   1,164.78    5.8239    9    1,225.28        6.13
          3/31/92    85.184010                            5   1,119.88    5.5994   10    1,178.05        5.89
          6/30/92    87.653326                            6   1,146.58    5.7329   11    1,206.14        6.03
          9/30/92    91.685839                            7   1,193.33    5.9667   12    1,255.32        6.28
         12/31/92    92.010728   1   1,000.00             8   1,191.57    5.9579   13    1,253.46        6.27
          3/31/93    96.245544   2   1,046.03    5.23     9   1,240.19    6.2009   14    1,304.60        6.52
          6/30/93    98.506849   3   1,065.25    5.33    10   1,262.98    6.3149   15    1,328.58        6.64
          9/30/93   101.474024   4   1,091.85    5.46    11   1,294.51    6.4726   16    1,361.75        6.81
         12/31/93   100.548785   5   1,076.48    5.38    12   1,276.30    6.3815   17    1,342.59        6.71
                                                     

         Account Value (Acct):       1,071.10                 1,269.92                   1,335.88

        Surrender Charge (SC):          57.84                    60.00                      60.00
                                   ---------------------------------------------------------------------------
               Cash Value(CV):       1,013.26                 1,209.92                   1,275.88
  Average Annual Return (AAR):           1.33%                    6.56%                      5.91%
                                   ---------------------------------------------------------------------------
</TABLE>


4/6/94                     Momentum         [MOM93PRF.XLW]Conservation Investors


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                        Investment Fund: Growth Investors


<TABLE>
<CAPTION>
                                       B = One Year           B = Three Years             Since Inception
                                   ---------------------    ---------------------       -----------------------
                                     Account    Admin         Account    Admin           Account        Admin
         Date       Unit Value   t    Value     Charge   t     Value     Charge    t      Value         Charge
         ----       ----------   -    -----     ------   -     -----     ------    -      -----         ------
<S>                 <C>          <C> <C>           <C>   <C>  <C>           <C>    <C>   <C>             <C> 
          10/2/89    51.533137                                                      0    1,000.00
         12/31/89    53.415454                                                      1    1,036.53        5.18
          3/31/90    53.599876                                                      2    1,034.90        5.17
          6/30/90    58.945101                                                      3    1,132.42        5.66
          9/30/90    52.515711                                                      4    1,003.86        5.02
         12/31/90    58.293444                            0   1,000.00              5    1,108.73        5.54
          3/31/91    67.767315                            1   1,162.52      5.81    6    1,282.48        6.41
          6/30/91    67.285775                            2   1,148.49      5.74    7    1,267.00        6.33
          9/30/91    75.209794                            3   1,277.32      6.39    8    1,409.12        7.05
         12/31/91    85.642190                            4   1,447.23      7.24    9    1,596.56        7.50
          3/31/92    82.104437                            5   1,380.51      6.90   10    1,523.42        7.50
          6/30/92    80.696135                            6   1,350.05      6.75   11    1,489.92        7.45
          9/30/92    84.455497                            7   1,405.87      7.03   12    1,551.53        7.50
         12/31/92    88.663930   1   1,000.00             8   1,468.55      7.34   13    1,620.97        7.50
          3/31/93    93.621308   2   1,055.91      5.28   9   1,542.91      7.50   14    1,703.68        7.50
          6/30/93    96.230589   3   1,079.91      5.40  10   1,578.20      7.50   15    1,743.46        7.50
          9/30/93   100.629941   4   1,123.64      5.62  11   1,642.51      7.50   16    1,815.32        7.50
         12/31/93   100.827148   5   1,120.21      5.60  12   1,638.21      7.50   17    1,811.36        7.50

         Account Value (Acct):       1,114.61                 1,630.71                   1,803.86

        Surrender Charge (SC):          60.00                    60.00                      60.00
                                   ---------------------------------------------------------------------------
               Cash Value(CV):       1,054.61                 1,570.71                   1,743.86
  Average Annual Return (AAR):           5.46%                   16.24%                     13.99%
                                   ---------------------------------------------------------------------------
</TABLE>


4/6/94                       Momentum             [MOM93PRF.XLW]Growth Investors


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                  Investment Fund: Intermediate Gov't Security


                                   B = One Year            Since Inception
                               ---------------------    ----------------------

                                  Account     Admin        Account      Admin
     Date     Unit Value    t      Value      Charge  t     Value      Charge
     ----     ----------    -      -----      -----   -     -----      ------
      4/1/91    79.676917                              0   1,000.00
     6/30/91    80.307230                              1   1,007.91      5.04
     9/30/91    84.282719                              2   1,052.52      5.26
    12/31/91    88.397370                              3   1,098.38      5.49
     3/31/92    86.211830                              4   1,065.87      5.33
     6/30/92    89.292905                              5   1,098.44      5.49
     9/30/92    92.949285                              6   1,137.70      5.69
    12/31/92    92.091607   1     1,000.00             7   1,121.57      5.61
     3/31/93    95.665604   2     1,038.81     5.19    8   1,159.27      5.80
     6/30/93    97.780475   3     1,056.47     5.28    9   1,178.97      5.89
     9/30/93    99.625299   4     1,071.02     5.36   10   1,195.21      5.98
    12/31/93   100.470450   5     1,074.70     5.37   11   1,199.32      6.00

    Account Value (Acct):         1,069.33                 1,193.33

   Surrender Charge (SC):            57.74                    60.00
                               -----------------------------------------------
          Cash Value(CV):         1,011.58                 1,133.33
   Average Annual Return   
                   (AAR):             1.16%                    4.65%
                               -----------------------------------------------



4/6/94                    Momentum    [MOM93PRF.XLW] Intermediate Gov't Security


<PAGE>


        Standardized Performance for the Period Ending December 31, 1993
                             Investment Fund: Global


<TABLE>
<CAPTION>
                                 B = One Year             B = Three Years             B = Five Years            Since Inception
                           -----------------------   ------------------------     -----------------------     ---------------------
                               Account     Admin          Account    Admin          Account     Admin          Account     Admin
   Date       Unit Value   t    Value      Charge   t      Value     Charge    t     Value      Charge    t     Value      Charge
   ----       ----------   -    -----      ------   -      -----     ------    -     -----      ------    -     -----      ------
<S>          <C>           <C> <C>           <C>    <C>   <C>           <C>    <C>  <C>           <C>     <C>  <C>          <C> 
   8/27/87    55.637589                                                                                    0   1,000.00
   9/30/87    55.164156                                                                                    1     991.49     4.96
  12/31/87    48.032208                                                                                    2     858.99     4.29
   3/31/88    51.458744                                                                                    3     915.67     4.58
   6/30/88    52.184574                                                                                    4     923.94     4.62
   9/30/88    51.880850                                                                                    5     913.97     4.57
  12/31/88    52.544826                                                         0   1,000.00               6     921.04     4.61
   3/31/89    56.212846                                                         1   1,069.81      5.35     7     980.41     4.90
   6/30/89    59.705927                                                         2   1,130.60      5.65     8   1,036.12     5.18
   9/30/89    65.989591                                                         3   1,243.34      6.22     9   1,139.44     5.70
  12/31/89    65.700058                                                         4   1,231.70      6.16    10   1,128.77     5.64
   3/31/90    64.310958                                                         5   1,199.63      6.00    11   1,099.38     5.50
   6/30/90    68.864441                                                         6   1,278.15      6.39    12   1,171.33     5.86
   9/30/90    57.388415                                                         7   1,059.82      5.30    13     971.25     4.86
  12/31/90    60.890182                              0    1,000.00              8   1,118.87      5.59    14   1,025.37     5.13
   3/31/91    70.604427                              1    1,159.54      5.80    9   1,290.88      6.45    15   1,183.01     5.92
   6/30/91    70.157133                              2    1,146.43      5.73   10   1,276.29      6.38    16   1,169.63     5.85
   9/30/91    75.986087                              3    1,235.47      6.18   11   1,375.42      6.88    17   1,260.48     6.30
  12/31/91    78.431030                              4    1,268.85      6.34   12   1,412.58      7.06    18   1,294.53     6.47
   3/31/92    76.542592                              5    1,232.11      6.16   13   1,371.67      6.86    19   1,257.04     6.29
   6/30/92    76.596319                              6    1,226.81      6.13   14   1,365.77      6.83    20   1,251.64     6.26
   9/30/92    74.758652                              7    1,191.39      5.96   15   1,326.34      6.63    21   1,215.50     6.08
  12/31/92    76.983608    1   1,000.00              8    1,220.71      6.10   16   1,358.98      6.79    22   1,245.42     6.23
   3/31/93    84.389047    2   1,096.20      5.48    9    1,331.45      6.66   17   1,482.26      7.41    23   1,358.39     6.79
   6/30/93    90.521036    3   1,169.97      5.85   10    1,421.05      7.11   18   1,582.02      7.50    24   1,449.81     7.25
   9/30/93    99.369059    4   1,277.91      6.39   11    1,552.15      7.50   19   1,728.42      7.50    25   1,583.57     7.50
  12/31/93   100.353483    5   1,284.11      6.42   12    1,559.96      7.50   20   1,737.97      7.50    26   1,591.68     7.50
                                                                                                        
- -----------                
  Account Value (Acct):        1,277.69                   1,552.46                  1,730.47                   1,584.18

 Surrender Charge (SC):           60.00                      60.00                     60.00                       0.00
                           ---------------------------------------------------------------------------------------------------
        Cash Value(CV):        1,217.69                   1,492.46                  1,670.47                   1,584.18
Average Annual Return      
                 (AAR):           21.77%                     14.28%                    10.81%                      7.52%
                           ---------------------------------------------------------------------------------------------------
</TABLE>



4/13/94                         Momentum                    [MOM93PRF.XLW]Global





                      NOTICE CONCERNING REGULATORY RELIEF



        The following regulatory relief has been granted by the Commission and
its staff to The Equitable Life Assurance Society of the United States (the
"Company") and Separate Account A of the Company, (the "Separate Account")
among other applicants, named in an Application dated December 18, 1986, File
No. 812-6572, as amended and restated on June 15, 1987 (the "Application"):

                          Commission Exemptive Order
                     Release No. IC-15908 (August 5, 1987)
                      SEC Docket, Vol. 38, No. 18 at 1328
                               (August 18, 1987)


        The Application, among other things, sought relief from Sections
26(a) (2) (C) and 27(c) (2) for the deduction of certain mortality and expense
risk charges from the Separate Account in connection with group variable annuity
contracts referred to in the Application as "EQUI-VEST Contracts". The
deductions and charges under the group variable contract filed as Exhibit 4(a)
to this Registration Statement are identical in all material respects to the
EQUI-VEST Contracts referred to in the Application.*

        Under these circumstances, the Company and the Separate Account intend
to rely on the relief granted pursuant to the aforesaid Commission Exemptive
Order to the extent applicable, in connection with this Registration Statement.




- -------------
*       The differences are as follows: EQUI-VEST imposes an administrative
charge of the lesser of $30 or 2% of the annuity contract value deducted
annually.  This charge is not deducted from certificates with annuity account
values over $25,000.  Under Momentum, this charge will be $7.50, deducted
quarterly, with the same waiver for account values of $25,000 or more and
Equitable has reserved the right to increase this fee if administrative costs
increase.

        In addition, Equitable will be offering plan recordkeeping services to
the plans participating in the Momentum Contract.  This additional service is
not available to current EQUI-VEST certificate owners.  The fee for the basic
plan recordkeeping service, which is not optional, is $300 a year per plan,
which will be billed directly to the Employer.


5315i


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