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File No. 33-79170, 811-8524
Filed under Rule 497(e)
ING VARIABLE ANNUITIES
EQUITABLE LIFE INSURANCE COMPANY OF IOWA
SUPPLEMENT DATED DECEMBER 31, 1999
TO THE PROSPECTUS DATED MAY 1, 1999, AS AMENDED JUNE 30, 1999,
JULY 21, 1999, SEPTEMBER 30, 1999 AND DECEMBER 10, 1999
FOR THE EQUI-SELECT/R/ VARIABLE ANNUITY PROSPECTUS
ISSUED BY EQUITABLE LIFE INSURANCE COMPANY OF IOWA
On December 23, 1999, Equitable Life Insurance Company of Iowa,
together with our separate account invested in The GCG Trust, filed
amended and restated applications (the "Applications") 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
January 25, 2000, granting the relief requested by the Applications.
The orders will permit the separate account investing in the All
Growth Series and the Growth Opportunities Series to substitute
shares of Mid-Cap Growth Series. We will then close the sub-accounts
investing in the All Growth Series and the Growth Opportunities
Series, and combine them with the sub-accounts investing in the Mid-
Cap Growth Series. THE SUBSTITUTION WILL BE EFFECTED AT NO COST TO
CONTRACTOWNERS. The substitution of the Series is expected to take
place after the close of business on January 29, 2000, or as soon
thereafter as is administratively feasible. Affected contractowners
will receive confirmations after the substitution has taken place.
Until we implement this Substitution, you may freely reallocate your
account value from the All-Growth Series or 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.
If you have any questions regarding the substitution, please contact
Customer Service at 800-366-0066.
This supplement should be retained with your Prospectus for your
variable annuity contract.
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