File No. 033-79166, 811-8522
Filed under Rule 497(e)
The Equi-Select Series Trust
Prospectus Supplement
October 29, 1997
to the
Prospectus dated May 1, 1996
as Supplemented June 26, 1997 and July 9, 1997 for
The Equi-Select Series Trust
On October 24, 1997, ING Groep, N.V. ("ING") completed the
transaction to aquire Equitable of Iowa Companies ("Equitable
of Iowa"). At a meeting of shareholders on October 23, 1997,
Equitable of Iowa shareholders approved the terms of the agreement
of July 7, 1997, to merge Equitable of Iowa into ING. ING is the
ultimate corporate parent of Equitable Investment Services, Inc.
("EISI"), the adviser of the Equi-Select Series Trust (the "ESS
Trust"). ING, based in the Netherlands, is a global financial
services holding company with over $289 billion in assets. On
October 9, 1997, at special meeting of the shareholders of the
ESS Trust, the shareholders approved the new management agreement
between EISI and the ESS Trust and each of the new portfolio
management agreements among EISI, the ESS Trust and the portfolio
managers of the ESS Trust. These agreements are effective as of
October 24, 1997.
This supplement should be retained with your Prospectus for the
Equi-Select Series Trust.
5569-CLO 10/29/97
