<PAGE>
<PAGE>
File No. 033-79166, 811-8522
Filed under Rule 497(e)
The Equi-Select Series Trust
PROSPECTUS SUPPLEMENT
July 17, 1998
to the
Prospectus dated May 1, 1998,
for the Equi-Select Series Trust
|--------------------------------------------------------------------|
| |
| We anticipate after August 14, 1998, that the Portfolios of |
| the Equi-Select Series Trust will no longer be available for |
| investment. Potential investors should look at The GCG Trust |
| Prospectus for additional investment options. |
| |
|--------------------------------------------------------------------|
This supplement should be retained with your Prospectus for
the Equi-Select Series Trust.
5569-SUB 7/17/98