File No. 33-79170, 811-8524
Filed under Rule 497(e)
Equitable Life Insurance Company of Iowa
Prospectus Supplement
October 29, 1997
to the
Equi-Select Variable Annuity Prospectus
Dated May 1, 1997 as Supplemented May 28, 1997,
June 26, 1997 and July 9, 1997
__________
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 now
the ultimate corporate parent of Equitable Life Insurance Company
of Iowa, the issuer of the Equi-Select Variable Annuity, Equitable
of Iowa Securities Network, Inc., the distributor of the Equi-Select
Variable Annuity and the Equi-Select Series Trust (the "ESS Trust"),
Equitable Investment Services, Inc. ("EISI"), the manager of the ESS
Trust, and Directed Services, Inc. ("DSI"), the manager of The GCG
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.
On October 9, 1997, at special meeting of the shareholders of The GCG
Trust, the shareholders approved the new management agreement between
DSI and The GCG Trust and each of the new portfolio management
agreements among DSI, The GCG Trust and the portfolio managers of The
GCG Trust. These agreements are effective as of October 24, 1997.
This supplement should be retained with your Equi-Select Variable
Annuity Prospectus.
5344-CLO 10/29/97
