THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
SUPPLEMENT DATED DECEMBER 30, 1999
TO EQUIVEST(R) EMPLOYER-SPONSORED RETIREMENT PROGRAMS
PROSPECTUS DATED OCTOBER 18, 1999
EQUI-VEST(R) EDC Contracts (Series 100 and Series 200) offered to
certain employees of State and Municipal Governments within the State
of Iowa
- --------------------------------------------------------------------------------
This Supplement adds to and modifies certain information contained in the
prospectus dated October 18, 1999 (Prospectus) for EQUI-VEST(R)
Employer-Sponsored Retirement Programs offered by Equitable Life. Equitable Life
will offer EQUI-VEST(R) EDC, as described below ("Iowa/Enhanced EDC Contracts"),
to fund plans that meet the requirements of Internal Revenue Code Section 457
("Section 457 Plans") sponsored by certain state and municipal governments
described in Section 457 of the Code, within the State of Iowa ("Employer").
Iowa/Enhanced EDC Contracts will be available only when an Employer (i) makes
contributions to a Section 457 Plan, whether in addition to, in the form of,
employee salary reduction or elective deferred contributions, as applicable, and
(ii) has entered into an agreement with Equitable Life that permits Equitable
Life to offer Iowa/Enhanced EDC Contracts as a funding vehicle for your
Employer's Section 457 Plan; and the total assets of all section 457 plans
sponsored by all state, municipal and other local governments is greater than
$50 million in plan assets for all Iowa/Enhanced EDC Contracts within the state
of Iowa. Terms not otherwise defined in this Supplement have the same meaning as
in the Prospectus.
Employees of an Employer may participate under an Iowa/Enhanced EDC Contract on
the same basis and under the same terms and conditions described in the
Prospectus as applicable to EQUI-VEST(R) EDC Contracts, except for certain
material differences described in this Supplement. Participation under
Iowa/Enhanced EDC Contracts will be available to i) annuitants, within the state
of Iowa, participating under EQUI-VEST(R) EDC Contracts purchased prior to the
date of this Supplement and (ii) any annuitant participating under an
Iowa/Enhanced EDC Contract purchased as of or after the date of this Supplement.
THE "EQUI-VEST EMPLOYER-SPONSORED RETIREMENT PROGRAMS AT A GLANCE -- KEY
FEATURES" SECTION OF THE PROSPECTUS HAS BEEN MODIFIED FOR THE FEES AND EXPENSES
UNDER SERIES 100 AND 200 AS FOLLOWS:
ANNUAL ADMINISTRATIVE CHARGE. The annual administrative charge is waived and
does not apply to Iowa/Enhanced EDC Contracts.
Annual expenses for Alliance portfolios of EQ Advisors Trust include 12b-1 fees
(and are class IB shares) for Iowa/Enhanced EDC Contracts.
FEE TABLES. For Iowa/Enhanced EDC Contracts, the following fee tables replace
EQUI-VEST Series 100 and EQUI-VEST Series 200 fee tables. You should refer to
the fee tables of the Prospectus for all other applicable expenses related to
EQUI-VEST Series 100 and Series 200 Contracts. Please also see the discussion of
the modifications to "Charges and expenses" set forth in the Supplement.
FOR USE ONLY IN THE STATE OF IOWA
888-1250
<PAGE>
2
TABLE 1: EQUI-VEST SERIES 100
<TABLE>
<CAPTION>
========================================================================================================
ALLIANCE
ALLIANCE INTERMEDIATE ALLIANCE ALLIANCE ALLIANCE
MONEY GOVERNMENT QUALITY ALLIANCE GROWTH AND EQUITY
MARKET SECURITIES BOND HIGH YIELD INCOME INDEX
========================================================================================================
<S> <C> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL
EXPENSES
Mortality and Expense Risk
Fees (1) .65% .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25% .25%
- --------------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT
ANNUAL EXPENSES .90% .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Advisory Fees .35% .50% .53% .60% .55% .31%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25% .25%
Other Expenses .03% .06% .04% .04% .04% .04%
- --------------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES (8) .63% .81% .82% .89% .84% .60%
========================================================================================================
</TABLE>
TABLE 1: EQUI-VEST SERIES 100
<TABLE>
<CAPTION>
==========================================================================================================
ALLIANCE ALLIANCE
ALLIANCE ALLIANCE ALLIANCE SMALL CONSER- ALLIANCE
COMMON ALLIANCE INTER- AGGRESSIVE CAP VATIVE ALLIANCE GROWTH
STOCK GLOBAL NATIONAL STOCK GROWTH INVESTORS BALANCED INVESTORS
==========================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT
ANNUAL EXPENSES
Mortality and
Expense
Risk Fees (1) .65% .65% .65% .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25% .25% .25% .25%
- ---------------------------------------------------------------------------------------------------------
TOTAL SEPARATE
ACCOUNT ANNUAL
EXPENSES .90% .90% .90% .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Advisory
Fees .36% .64% .90% .54% .90% .48% .41% .51%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25% .25% .25% .25%
Other Expenses .04% .08% .17% .04% .06% .06% .05% .05%
- ---------------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL
EXPENSES (8) .65% .97% 1.32% .83% 1.21% .79% .71% .81%
=========================================================================================================
</TABLE>
FOR USE ONLY IN THE STATE OF IOWA
<PAGE>
3
TABLE 1: EQUI-VEST SERIES 100 (CONTINUED)
<TABLE>
<CAPTION>
=================================================================================================
T. ROWE
PRICE T. ROWE EQ/PUTNAM
INTER- PRICE GROWTH &
NATIONAL EQUITY INCOME EQ/PUTNAM MFS
STOCK INCOME VALUE BALANCED RESEARCH
=================================================================================================
<S> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense Risk Fees (1) .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25%
- -------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory Fees .75% .55% .55% .55% .55%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25%
Other Expenses .20% .05% .05% .10% .05%
- -------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) 1.20% .85% .85% .90% .85%
=================================================================================================
</TABLE>
TABLE 1: EQUI-VEST SERIES 100
<TABLE>
<CAPTION>
=================================================================================================
MORGAN WARBURG MERRILL
MFS STANLEY PINCUS MERRILL LYNCH
EMERGING EMERGING SMALL LYNCH BASIC
GROWTH MARKETS COMPANY WORLD VALUE
COMPANIES EQUITY VALUE STRATEGY EQUITY
=================================================================================================
<S> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense Risk Fees (1) .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25%
- -------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL
EXPENSES .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .55% 1.15% .65% .70% .55%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25%
Other Expenses .05% .35% .10% .25% .05%
- -------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) .85% 1.75% 1.00% 1.20% .85%
=================================================================================================
</TABLE>
FOR USE ONLY IN THE STATE OF IOWA
<PAGE>
4
Table 1: EQUI-VEST Series 100 (continued)
<TABLE>
<CAPTION>
=======================================================================================================
EQ/ALLIANCE CALVERT CAPITAL CAPITAL
PREMIER SOCIALLY GUARDIAN GUARDIAN EQ/
GROWTH RESPONSIBLE RESEARCH U.S. EQUITY EVERGREEN
=======================================================================================================
<S> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25%
- --------------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .90% .65% .65% .65% .75%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25%
Other Expenses .00% .15% .05% .05% .05%
- --------------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) 1.15% 1.05% .95% .95% 1.05%
=======================================================================================================
</TABLE>
Table 1: EQUI-VEST Series 100
================================================================
EQ/
EVERGREEN MFS GROWTH
FOUNDATION WITH INCOME
================================================================
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65%
Other Expenses (2) .25% .25%
- --------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL EXPENSES .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .63% .55%
Rule 12b-1 Fees (9) .25% .25%
Other Expenses .07% .05%
- --------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) .95% .85%
================================================================
- ------------
Notes 3 and 4 of the Fee Table are not applicable to Iowa/Enhanced EDC
Contracts. As to certain limitations on charges, see "Limitations on Charges"
under "Charges and expenses" below for the modifications to the "Charges and
expenses" section of the Prospectus.
The following is added at the end of Note 9: Prior to October 18, 1999, the
total annual expenses for the Alliance Small Cap Growth portfolio were limited
to 1.20% under an expense limitation arrangement related to that portfolio's
Rule 12b-1 Plan. The arrangement is no longer in effect. The amounts shown have
been restated to reflect the expenses that would have been incurred in 1998,
absent the expense limitation arrangement.
FOR USE ONLY IN THE STATE OF IOWA
<PAGE>
5
TABLE 2: EQUI-VEST SERIES 200
<TABLE>
<CAPTION>
====================================================================================================
ALLIANCE
ALLIANCE INTERMEDIATE ALLIANCE ALLIANCE ALLIANCE ALLIANCE
MONEY GOVERNMENT QUALITY HIGH GROWTH AND EQUITY
MARKET SECURITIES BOND YIELD INCOME INDEX
====================================================================================================
<S> <C> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL
EXPENSES
Mortality and Expense Risk
Fees (1) .65% .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25% .25%
- --------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT
ANNUAL EXPENSES .90% .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Advisory Fees .35% .50% .53% .60% .55% .31%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25% .25%
Other Expenses .03% .06% .04% .04% .04% .04%
- --------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL
EXPENSES (8) .63% .81% .82% .89% .84% .60%
====================================================================================================
</TABLE>
Table 2: EQUI-VEST Series 200
<TABLE>
<CAPTION>
====================================================================================================
ALLIANCE ALLIANCE ALLIANCE
ALLIANCE ALLIANCE AGGRES- SMALL CONSER- ALLIANCE
COMMON ALLIANCE INTER- SIVE CAP VATIVE ALLIANCE GROWTH
STOCK GLOBAL NATIONAL STOCK GROWTH INVESTORS BALANCED INVESTORS
====================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL
EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65% .65% .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25% .25% .25% .25%
- ----------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT
ANNUAL EXPENSES .90% .90% .90% .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Advisory Fees .36% .64% .90% .54% .90% .48% .41% .51%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25% .25% .25% .25%
Other Expenses .04% .08% .17% .04% .06% .06% .05% .05%
- ----------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL
EXPENSES (8) .65% .97% 1.32% .83% 1.21% .79% .71% .81%
====================================================================================================
</TABLE>
FOR USE ONLY IN THE STATE OF IOWA
<PAGE>
6
TABLE 2: EQUI-VEST SERIES 200 (CONTINUED)
<TABLE>
<CAPTION>
====================================================================================================
T. ROWE T. ROWE
PRICE PRICE EQ/PUTNAM
INTER- EQUITY GROWTH & EQ/PUTNAM MFS
NATIONAL INCOME INCOME VALUE BALANCED RESEARCH
====================================================================================================
<S> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25%
- ----------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL
EXPENSES .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .75% .55% .55% .55% .55%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25%
Other Expenses .20% .05% .05% .10% .05%
- ----------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) 1.20% .85% .85% .90% .85%
====================================================================================================
</TABLE>
TABLE 2: EQUI-VEST SERIES 200
<TABLE>
<CAPTION>
====================================================================================================
MORGAN
MFS STANLEY WARBURG MERRILL MERRILL
EMERGING EMERGING PINCUS SMALL LYNCH LYNCH BASIC
GROWTH MARKETS COMPANY WORLD VALUE
COMPANIES EQUITY VALUE STRATEGY EQUITY
====================================================================================================
<S> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25%
- ----------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL
EXPENSES .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .55% 1.15% .65% .70% .55%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25%
Other Expenses .05% .35% .10% .25% .05%
- ----------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) .85% 1.75% 1.00% 1.20% .85%
====================================================================================================
</TABLE>
FOR USE ONLY IN THE STATE OF IOWA
<PAGE>
Table 2: EQUI-VEST Series 200 (continued)
7
<TABLE>
<CAPTION>
====================================================================================================
EQ/ALLIANCE CALVERT CAPITAL CAPITAL
PREMIER SOCIALLY GUARDIAN GUARDIAN EQ/
GROWTH RESPONSIBLE RESEARCH U.S. EQUITY EVERGREEN
====================================================================================================
<S> <C> <C> <C> <C> <C>
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65% .65% .65% .65%
Other Expenses (2) .25% .25% .25% .25% .25%
- ----------------------------------------------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL
EXPENSES .90% .90% .90% .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .90% .65% .65% .65% .75%
Rule 12b-1 Fees (9) .25% .25% .25% .25% .25%
Other Expenses .00% .15% .05% .05% .05%
- ----------------------------------------------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) 1.15% 1.05% .95% .95% 1.05%
====================================================================================================
</TABLE>
TABLE 2: EQUI-VEST SERIES 200
===============================================================
EQ/
EVERGREEN MFS GROWTH
FOUNDATION WITH INCOME
===============================================================
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and Expense
Risk Fees (1) .65% .65%
Other Expenses (2) .25% .25%
- ---------------------------------------------------------------
TOTAL SEPARATE ACCOUNT ANNUAL
EXPENSES .90% .90%
EQAT ANNUAL EXPENSES
Investment Management and Advisory
Fees .63% .55%
Rule 12b-1 Fees (9) .25% .25%
Other Expenses .07% .05%
- ---------------------------------------------------------------
TOTAL EQAT ANNUAL EXPENSES
(AFTER EXPENSE LIMITATION) (10) .95% .85%
===============================================================
- ------------
Notes 3 and 4 of the Fee Table are not applicable to Iowa/Enhanced EDC
Contracts. As to certain limitations on charges, see "Limitations on Charges"
under "Charges and expenses" below for the modifications to the "Charges and
expenses" section of the Prospectus.
The following is added at the end of Note 9: Prior to October 18, 1999, the
total annual expenses for the Alliance Small Cap Growth portfolio were limited
to 1.20% under an expense limitation arrangement related to that portfolio's
Rule 12b-1 Plan. The arrangement is no longer in effect. The amounts shown have
been restated to reflect the expenses that would have been incurred in 1998,
absent the expense limitation arrangement.
FOR USE ONLY IN THE STATE OF IOWA
<PAGE>
8
"CHARGES AND EXPENSES UNDER SERIES 100 AND 200 CONTRACTS" IN THE "CHARGES AND
EXPENSES" SECTION OF THE PROSPECTUS HAS BEEN MODIFIED AS FOLLOWS:
The first paragraph under "Mortality and expense risk charge" and the
paragraph under "Charge for other expenses" is replaced by the following:
We make a daily charge (after any deductions to provide for taxes) against the
assets held in each of the variable investment options under an Iowa/Enhanced
EDC Contract. This charge is reflected in the unit values and made at an annual
rate not to exceed 0.90% for each of the variable investment options. The charge
is for financial accounting, death benefits, mortality risk, expenses and
expense risk. The specific charges for Series 100 and 200 Iowa/Enhanced EDC
Contracts are: expenses and financial accounting -- 0.25%; expense risks --
0.30%; and mortality risks and death benefits -- 0.35%.
LIMITATION ON CHARGES. The discussion under "Limitation on Charges" is
applicable to Iowa/Enhanced EDC Contracts attributable to EQUI-VEST EDC
Contracts issued to fund Section 457 Plans prior to January 30, 1999.
The discussion does not apply to Iowa/Enhanced EDC Contracts offered pursuant
to this Supplement.
ANNUAL ADMINISTRATIVE CHARGE. The annual administrative charge under
Iowa/Enhanced EDC Contracts is waived.
WITHDRAWAL CHARGE. The following will apply to withdrawals under Iowa/Enhanced
EDC Contracts, in addition to the exceptions to the withdrawal charge discussed
under the section entitled "Withdrawal charge for series 100 and 200 contracts."
o the annuitant retires pursuant to terms of the Section 457 plan, or
separates from service;
o the annuitant has qualified to receive Social Security disability benefits
as certified by the Social Security Administration;
o we receive proof satisfactory to us that the annuitant's life expectancy is
six months or less (such proof must include, but is not limited to,
certification by a licensed physician);
o the annuitant elects a withdrawal that qualifies as a hardship withdrawal
under the Code;
o the annuitant has been confined to a nursing home for more than a 90-day
period (or such other period, if required in Iowa as verified by a licensed
physician). A nursing home for this purpose means one which is (a) approved
by Medicare as a provider of skilled nursing care service, or (b) licensed
as a skilled nursing home by the state or territory in which it is located
(it must be within the United States, Puerto Rico, U.S. Virgin Islands, or
Guam) and meets all of the following:
o its main function is to provide skilled, intermediate or custodial
nursing care;
o it provides continuous room and board to three or more persons;
o it is supervised by a registered nurse or practical nurse;
o it keeps daily medical records of each patient;
o it controls and records all medications dispensed; and
o its primary service is other than to provide housing for residents.
FOR USE ONLY IN THE STATE OF IOWA
