File No. 033-79166, 811-8522
Filed under Rule 497(e)
THE EQUI-SELECT SERIES TRUST
PROSPECTUS SUPPLEMENT
JANUARY 5, 1998
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 1997
AS AMENDED JUNE 26, 1997, JULY 9, 1997 AND OCTOBER 24, 1997 FOR
THE EQUI-SELECT SERIES TRUST
Effective January 2, 1998, Directed Services, Inc. ("DSI"),
an affiliate of Equitable Investment Services, Inc. ("EISI"), is
assuming the advisory responsibilities of EISI, under the
Investment Advisory Agreement dated October 24, 1997. In
connection with this action, DSI is also assuming all
responsibilities for the management of sub-advisors pursuant to
the terms of the Sub-Advisory Agreements, each dated October 24,
1997, with each sub-advisor of the Equi-Select Series Trust's
(the "Trust") portfolios. EISI's management personnel are
becoming a part of DSI and will continue the oversight of
portfolio management.
This supplement should be retained with your Prospectus for the
Equi-Select Series Trust.
G3059-ES-DSI 1/98 GoldenSelect
