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File No. 33-79170, 811-8524
Filed under Rule 497(e)
EQUITABLE LIFE INSURANCE COMPANY OF IOWA
909 Locust Street, Des Moines, Iowa 50309
Tel: 800-648-6810
Fax: (302) 576-3430
July 17, 1998
Dear PrimElite Contractowner:
On December 15, 1997, we, together with The GCG Trust (the
"GCG Trust"), the Equi-Select Series Trust (the "ESS
Trust"), our affiliated insurance companies and the separate
accounts invested in the Trusts, filed an application (the
"Application") with the Securities and Exchange Commission
(the "SEC"). We are pleased to notify you that we expect the
SEC to issue an order, on or about August 12, 1998, granting
the relief requested by the Application. A notice of the
Application was published by the SEC on July 16, 1998, in
anticipation of the order to be issued by them. This order
will permit separate accounts investing in the ESS Trust
Portfolios to substitute shares of certain GCG Trust Series
for shares of the ESS Trust Portfolios as described in the
current prospectuses for your variable contract and the
Trusts. See "Investment Options, Proposed Trust
Consolidation" in your variable contract prospectus. The
consolidation of the ESS Trust into the GCG Trust is
expected to take place after the close of business on August
14, 1998, or as soon thereafter as is administratively
feasible. Affected contractowners will receive confirmations
after the substitution has taken place.
You may transfer funds from any ESS Trust Portfolio to any
currently available portfolio prior to the substitution free
of any Transfer Fee from now until 30 days after the
substitution has taken place. After substitution, certain
Series of the GCG Trust will continue to be available for
allocation purposes, but the Portfolios of the ESS Trust
will no longer be available.
If you have any questions regarding the substitution, please
contact Customer Service at 800-648-6810.
Equitable Life Insurance Company of Iowa
Customer Service
PrimElite
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File No. 33-79170, 811-8524
Filed under Rule 497(e)
Equitable Life Insurance Company of Iowa
PROSPECTUS SUPPLEMENT
July 17, 1998
to the
PrimElite Variable Annuity Prospectus
Dated May 1, 1998
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| |
| On December 15, 1997, Equitable Life Insurance Company of |
| Iowa ("Equitable Life"), together with The GCG Trust (the |
| "GCG Trust"), the Equi-Select Series Trust (the "ESS |
| Trust"), Equitable Life's affiliated insurance companies and |
| the separate accounts invested in the Trusts, filed an |
| application (the "Application") with the Securities and |
| Exchange Commission (the "SEC"). Equitable Life is pleased |
| to notify contractowners that they expect the SEC to issue |
| an order, on or about August 12, 1998, granting the relief |
| requested by the Application. A notice of the Application |
| was published by the SEC on July 16, 1998, in anticipation |
| of the order to be issued by them. This order will permit |
| separate accounts investing in the ESS Trust Portfolios to |
| substitute shares of certain GCG Trust Series for shares of |
| the ESS Trust Portfolios as described in the current |
| prospectuses for each variable contract and the Trusts. See |
| "Investment Options, Proposed Trust Consolidation" in the |
| variable contract prospectus. The consolidation of the ESS |
| Trust into the GCG Trust is expected to take place after the |
| close of business on August 14, 1998, or as soon thereafter |
| as is administratively feasible. Affected contractowners |
| will receive confirmations after the substitution has taken |
| place. |
| |
| Contractowners may transfer funds from any ESS Trust |
| Portfolio to any currently available portfolio prior to the |
| substitution free of any Transfer Fee from now until 30 days |
| after the substitution has taken place. After substitution, |
| certain Series of the GCG Trust will continue to be |
| available for allocation purposes, but the Portfolios of the |
| ESS Trust will no longer be available. |
| |
| If you have any questions regarding the substitution, please |
| contact Customer Service at 800-648-6810. |
| |
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This supplement should be retained with your PrimeElite
Prospectus.
PE-1-SUB 7/17/98
