EQUITABLE LIFE INSURANCE COMPANY OF IOWA
SEPARATE ACCOUNT A
Supplement to Prospectus
The following supersedes certain information appearing in the Prospectus
dated May 1, 1995, of Equitable Life Insurance Company of Iowa Separate
Account A ("Separate Account").
The purpose of this supplement is to notify you of a proposal to
substitute shares of the Advantage Portfolio of Equi-Select Series Trust
("Trust") for shares of the Government Securities Portfolio and the Short-Term
Bond Portfolio of the Trust (collectively, the "Portfolios").
On January 31, 1996, Equitable Life Insurance Company of Iowa (the
"Company") filed an application with the Securities and Exchange Commission
("Commission") requesting an order approving the Substitution. Upon
obtaining the order from the Commission approving the Substitution, and
subject to any prior approval by applicable insurance authorities, the
Company and Separate Account propose to effect the Substitution as soon as
is practicable.
The Company has proposed the Substitution to provide a transfer of the
assets of the Portfolios that currently and in the future may be expected to
be of insufficient size to promote consistent investment performance or to
reduce operating expenses. The transfer of assets is also expected to assist
the Company in further expanding assets with resulting benefits to Owners.
An Owner, prior to the date of Substitution, may transfer his or her
Portfolios' Sub-Accounts' value to any other sub-account of the Separate
Account without any limitation or charge being imposed. Moreover, following
the Substitution for a period of 30 days, the Company will permit transfers
from the Portfolios' Sub-Accounts to any other sub-account of the Separate
Account without any limitation or charge being imposed. After the 30 days,
any transfers from the Portfolios' Sub-Accounts will be subject to the
restrictions described in the Prospectus.
A complete list of all Portfolios of the Trust in which the Separate
Account invests is set forth in the Prospectus. You may obtain a Prospectus
by writing or calling the Company at the address or telephone number set out
below.
The Company believes, based on its review of existing federal income tax
laws and regulations, that the Substitution will not have any tax consequences
to Owners.
The Company will effect the Substitution by simultaneously placing an
order to redeem the shares of the Portfolios and an order to purchase shares
of the Advantage Portfolio of the Trust. The Company will bear the expenses
attributable to the Substitution. The Company will send affected Owners a
notice within five days after the Substitution.
CUSTOMER SERVICES: 800-344-6864
Issued by: Equitable Life Insurance Company of Iowa
Distributed by: Equitable of Iowa Securities Network, Inc.
604 Locust Street
Des Moines, Iowa 50309
The date of this Supplement is January 31, 1996.
