EQUITABLE ACCUMULATOR(SM)
A combination variable and fixed deferred annuity contract
SUPPLEMENT DATED SEPTEMBER 20, 1999
TO THE PROSPECTUS DATED MAY 1, 1999
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This supplement relates to changes in the special dollar cost averaging programs
described in the prospectus dated May 1, 1999 for the Equitable Accumulator
deferred annuity contract issued by THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE
UNITED STATES. You should read this supplement together with the prospectus.
Special terms used in this supplement have the same meaning as they do in the
prospectus.
You no longer have to allocate your entire initial contribution to the account
for special dollar cost averaging to participate in this program. The account
for special dollar cost averaging is now available for a six month time period.
ON THE COVER PAGE OF THE PROSPECTUS THE SECOND SENTENCE UNDER "ACCOUNT FOR
SPECIAL DOLLAR COST AVERAGING" IS DELETED.
ON PAGE 25 OF THE PROSPECTUS THE FIRST AND SECOND SENTENCES OF THE SECOND
PARAGRAPH UNDER "ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING" ARE DELETED AND
REPLACED WITH THE FOLLOWING SENTENCE:
The account for special dollar cost averaging is available for allocation
of all or a portion of your initial contribution under the special dollar
cost averaging program.
ON PAGE 26 OF THE PROSPECTUS THE FIRST PARAGRAPH UNDER "SPECIAL DOLLAR COST
AVERAGING PROGRAMS" IS REPLACED WITH THE FOLLOWING PARAGRAPH:
Under the special dollar cost averaging program, you may choose to allocate
all or a portion of your initial contribution to the account for special
dollar cost averaging. However, you must allocate at least $2,000 to the
account for special dollar cost averaging for this program.
You may have your account value transferred to any of the variable
investment options. We will transfer amounts from the account for special
dollar cost averaging into the variable investment options over the time
period that you select. We offer time periods of 6 or 12 months. We may
also offer other time periods. Your Equitable associate can provide
information on the time periods currently available or you may contact our
Processing Office. You may only select one time period. Each time period
has a different interest rate. Once you select a time period, you may not
change it. Currently, your account value will be transferred from the
account for special dollar cost averaging into the variable investment
options on a monthly basis. We may offer this program in the future with
transfers on a different basis. We will transfer all amounts out of the
account for special dollar cost averaging by the end of the chosen time
period. The transfer date will be the same day of the month as the contract
date, but not later than the 28th day of the month. Once all amounts have
been transferred out, the account for special dollar cost averaging will no
longer be available for future allocations.
If you choose to allocate only a portion of your initial contribution to
the account for special dollar cost averaging, the remaining balance of
your initial contribution will be allocated to the variable investment
options or fixed maturity options according to your instructions. You may
not allocate additional contributions to the account for special dollar
cost averaging.
Copyright 1999 The Equitable Life Assurance Society of the United States
All rights reserved.
Accumulator is a service mark of
The Equitable Life Assurance Society of the United States.
