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File Nos. 33-79170, 811-8524
Filed under Rule 497(c)
Supplement Dated August 31, 1999
to the prospectus dated May 1, 1999, as supplemented July 21, 1999
for
EQUI-SELECT/R/ Variable Annuity Prospectus
issued by Equitable Life Insurance Company of Iowa
On August 13, 1999, Equitable Life Insurance Company of Iowa and its
affiliated life insurance companies, together with their separate
accounts invested in The GCG Trust, filed an application (the
"Application") with the Securities and Exchange Commission (the
"SEC"). This Application requests an order that will permit separate
accounts investing in the Growth Opportunities Series to substitute
shares of Mid-Cap Growth Series (the "Substitution"). The insurance
companies will bear all expenses associated with the Substitution.
The Mid-Cap Growth Series is substantially similar in investment
objective to the Growth Opportunities Series, with lower expenses
than the Growth Opportunities Series and with a better history of
total returns. Past performance is, of course, not a prediction of
future results. This supplement is for your information and you need
take no action at this time. We will notify you as to the status of
the Application with the SEC.
Until implementation of this Substitution, you may freely reallocate
your account value from the Growth Opportunities Series to any other
currently available investment option free of reallocation charges
and without it being counted as a reallocation.
For thirty days after we have implemented this Substitution, you may
reallocate your account value from the Mid-Cap Growth Series to any
other currently available investment option free of reallocation
charges and without it being counted as a reallocation.
This supplement should be retained with your Prospectus for your
variable contract.
Initial Notice Supplement ELIC 8/31/99
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