497 1 opp.txt SUPPLEMENT ING (lion logo) GOLDEN AMERICAN LIFE INSURANCE COMPANY SEPARATE ACCOUNT B OF GOLDEN AMERICAN LIFE INSURANCE COMPANY PROSPECTUS SUPPLEMENT DATED SEPTEMBER 2, 2003 SUPPLEMENT TO THE PROSPECTUSES DATED MAY 1, 2003 FOR DEFERRED COMBINATION VARIABLE AND FIXED ANNUITY CONTRACTS ISSUED BY GOLDEN AMERICAN LIFE INSURANCE COMPANY ("GOLDENSELECT OPPORTUNITIES") The information in this supplement updates and amends certain information contained in the prospectus dated May 1, 2003. You should read and keep this supplement along with the prospectus. 1. The following investment portfolios and portfolio managers are added to the list of investment portfolios and portfolio managers available under your Contract: CAPITAL RESEARCH MANAGEMENT COMPANY ING American Funds Growth Portfolio (Class 2)1 ING American Funds Growth-Income Portfolio (Class 2)1 ING American Funds International Portfolio (Class 2)1 JPMORGAN FLEMING ASSET MANAGEMENT (LONDON) LTD. ING JP Morgan Fleming International Portfolio (Class S)2 PROFUND ADVISORS LLC ProFund VP Rising Rates Opportunity SALOMON BROTHERS ASSET MANAGEMENT, INC. ING Salomon Brothers Aggressive Growth Portfolio (Class S)2 2. The following Fund is added to the list of Trusts and Funds containing investment portfolios available under your Contract in the section, "The Trusts and Funds": ING Partners, Inc. is a mutual fund whose shares are offered only to insurance companies to fund benefits under their variable annuity and variable life insurance contracts. The address of ING Partners, Inc. is 151 Farmington Avenue, Hartford, Connecticut 06156-8962. ------------------------ 1 The investment adviser for this portfolio is Directed Services, Inc. The portfolio manager listed is the sub-adviser. Directed Services is an affiliated Company of ING Groep, N.V. 2 The investment adviser for this portfolio is ING Life Insurance and Annuity Company. The portfolio manager listed is the sub-adviser. 3. To the extent Special Funds are included in your Contract, ProFund VP Rising Rates Opportunity is hereby designated a "Special Fund". 4. The following ING Investors Trust portfolio has changed its name and subadviser as indicated in the chart below:
------------------------------------------- ------------------------------------ FORMER FUND NAME AND SUBADVISER NEW FUND NAME AND SUBADVISER ------------------------------------------- ------------------------------------ ING JPMorgan Fleming International Enhanced EAFE Portfolio ING Julius Baer Foreign Portfolio ------------------------------------------- ------------------------------------ SUBADVISER: J.P. Morgan Fleming Asset SUBADVISER: Julius Baer Investment Management (London) Ltd. Management, Inc. ------------------------------------------- ------------------------------------
5. Appendix B-- The Investment Portfolios, is amended to add the following investment options to those available under your Contract:
------------------------------------------------------- -------------------------------------------------------- FUND NAME AND INVESTMENT ADVISER/SUBADVISER INVESTMENT OBJECTIVE ------------------------------------------------------- -------------------------------------------------------- ING INVESTORS TRUST (FORMERLY THE GCG TRUST) ---------------------------------------------------------------------------------------------------------------- ING AMERICAN FUNDS GROWTH PORTFOLIO (CLASS 2) Invests all of its assets in shares of the Growth INVESTMENT ADVISER: Directed Services, Inc. Fund, a series of American Funds Insurance Series, a INVESTMENT SUBADVISER: Capital Research registered open-end investment company. The Growth Management Company Fund seeks to make the shareholders' investment grow by investing primarily in common stocks of companies that appear to offer superior opportunities for growth of capital. The Growth Fund is designed for investors seeking long term capital appreciation through stocks. ------------------------------------------------------- -------------------------------------------------------- ING AMERICAN FUNDS GROWTH-INCOME PORTFOLIO (CLASS 2) Invests all of its assets in shares of the INVESTMENT ADVISER: Directed Services, Inc. Growth-Income Fund, a series of American Funds INVESTMENT SUBADVISER: Capital Research Insurance Series, a registered open-end investment Management Company company. The Growth-Income Fund seeks to make the shareholders' investment grow and to provide shareholders with income over time by investing primarily in common stocks or other securities which demonstrate the potential for appreciation and/or dividends. The Growth-Income Fund is designed for investors seeking both capital appreciation and income. ------------------------------------------------------- -------------------------------------------------------- ING AMERICAN FUNDS INTERNATIONAL PORTFOLIO (CLASS 2) Invests all of its assets in shares of the INVESTMENT ADVISER: Directed Services, Inc. International Fund, a series of American Funds INVESTMENT SUBADVISER: Capital Research Insurance Series, a registered open-end investment Management Company company. The International Fund seeks to make the shareholders' investment grow over time by investing primarily in common stocks of companies located outside the United States. The International Fund is designed for investors seeking capital appreciation through stocks. ------------------------------------------------------- -------------------------------------------------------- ING PARTNERS, INC. ------------------------------------------------------- -------------------------------------------------------- ING JPMORGAN FLEMING INTERNATIONAL PORTFOLIO (CLASS S) Seeks long-term growth of capital. Invests primarily INVESTMENT ADVISER: ING Life Insurance and (at least 65% of total assets) in the equity Annuity Company securities of foreign companies that the subadviser INVESTMENT SUBADVISER: J.P. Morgan Fleming Asset believes have high growth potential. Will normally Management (London) Ltd. invest in securities of at least three different countries other than the U.S. and will invest in both developed and developing markets. ------------------------------------------------------- -------------------------------------------------------- ING SALOMON BROTHERS AGGRESSIVE GROWTH PORTFOLIO Seeks long-term growth of capital. Invests primarily (CLASS S) (at least 80% of net assets under normal INVESTMENT ADVISER: ING Life Insurance and circumstances) in common stocks and related Annuity Company securities, such as preferred stocks, convertible INVESTMENT SUBADVISER: Salomon Brothers Asset securities and depositary receipts, of emerging growth Management, Inc. companies. ---------------------------------------------------------------------------------------------------------------- PROFUNDS VP ------------------------------------------------------- -------------------------------------------------------- PROFUND VP RISING RATES OPPORTUNITY Seeks daily investment results, before fees and INVESTMENT ADVISER: ProFund Advisors LLC expenses, that correspond to one and one-quarter times (125%) the inverse (opposite) of the daily price movement of the most recently issued 30-year U.S. Treasury Bond ("Long Bond"). ------------------------------------------------------- --------------------------------------------------------
6. The following chart is added to "Appendix B -- The Investment Portfolios." The column labeled "Gross Expense Ratio" shows the total annual operating expenses charged by a Trust or Fund, absent expense reimbursement or fee waiver arrangements. The column labeled "Net Expense Ratio" shows such total annual operating expenses after applicable expense reimbursement or fee waiver arrangements where such reimbursement or waiver is expected to continue through December 31, 2003.
--------------------------------------------------------------------------------------------------------------------- GROSS NET EXPENSE EXPENSE PORTFOLIO CLASS MANAGER RATIO RATIO --------------------------------------------------------------------------------------------------------------------- ING INVESTORS TRUST --------------------------------------------------------------------------------------------------------------------- ING AIM Mid-Cap Growth Portfolio A A I M Capital Management, Inc. 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING Alliance Mid-Cap Growth Portfolio A Alliance Capital Management L.P. 1.30% 1.20% --------------------------------------------------------------------------------------------------------------------- ING American Funds Growth Portfolio 2 Capital Research and Management Company 1.28% 1.18% --------------------------------------------------------------------------------------------------------------------- ING American Funds Growth-Income Portfolio 2 Capital Research and Management Company 1.23% 1.13% --------------------------------------------------------------------------------------------------------------------- ING American Funds International Portfolio 2 Capital Research and Management Company 1.51% 1.41% --------------------------------------------------------------------------------------------------------------------- ING Capital Guardian Large Cap Value Portfolio A Capital Guardian Trust Company 1.26% 1.16% --------------------------------------------------------------------------------------------------------------------- ING Capital Guardian Managed Global Portfolio A Capital Guardian Trust Company 1.51% 1.41% --------------------------------------------------------------------------------------------------------------------- ING Capital Guardian Small Cap Portfolio A Capital Guardian Trust Company 1.21% 1.11% --------------------------------------------------------------------------------------------------------------------- ING Developing World Portfolio A Baring International Investment Limited 2.01% 1.91% --------------------------------------------------------------------------------------------------------------------- ING Eagle Asset Value Equity Portfolio A Eagle Asset Management, Inc. 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING FMRSM Diversified Mid Cap Portfolio A Fidelity Management & Research Company 1.26% 1.16% --------------------------------------------------------------------------------------------------------------------- ING Goldman Sachs Internet TollkeeperSM Portfolio A Goldman Sachs Asset Management, LP 2.11% 2.01% --------------------------------------------------------------------------------------------------------------------- ING Hard Assets Portfolio A Baring International Investment Limited 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING International Portfolio A ING Investments LLC 1.51% 1.41% --------------------------------------------------------------------------------------------------------------------- ING Janus Growth and Income Portfolio A Janus Capital Management LLC 1.36% 1.26% --------------------------------------------------------------------------------------------------------------------- ING Janus Special Equity Portfolio A Janus Capital Management LLC 1.36% 1.26% --------------------------------------------------------------------------------------------------------------------- ING Jennison Equity Opportunities Portfolio A Jennison Associates LLC 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING JPMorgan Fleming Small Cap Equity Portfolio A JPMorgan Fleming Asset Management (USA) Inc. 1.41% 1.31% --------------------------------------------------------------------------------------------------------------------- ING Julius Baer Foreign Portfolio A Julius Baer Investment Management, Inc. 1.51% 1.41% --------------------------------------------------------------------------------------------------------------------- ING Liquid Assets Portfolio A ING Investment Management LLC 0.78% 0.68% --------------------------------------------------------------------------------------------------------------------- ING Marsico Growth Portfolio A Marsico Capital Management LLC 1.29% 1.19% --------------------------------------------------------------------------------------------------------------------- ING Mercury Focus Value Portfolio A Mercury Advisors 1.31% 1.21% --------------------------------------------------------------------------------------------------------------------- ING Mercury Fundamental Growth Portfolio A Mercury Advisors 1.31% 1.21% --------------------------------------------------------------------------------------------------------------------- ING MFS Mid Cap Growth Portfolio A Massachusetts Financial Services Company 1.16% 1.06% --------------------------------------------------------------------------------------------------------------------- ING MFS Research Portfolio A Massachusetts Financial Services Company 1.16% 1.06% --------------------------------------------------------------------------------------------------------------------- ING MFS Total Return Portfolio A Massachusetts Financial Services Company 1.15% 1.05% --------------------------------------------------------------------------------------------------------------------- ING PIMCO Core Bond Portfolio A Pacific Investment Management Company LLC 1.18% 1.08% --------------------------------------------------------------------------------------------------------------------- ING Salomon Brothers All Cap Portfolio A Salomon Brothers Asset Management, Inc. 1.26% 1.16% --------------------------------------------------------------------------------------------------------------------- ING Salomon Brothers Investors A Salomon Brothers Asset Management, Inc. 1.26% 1.16% Portfolio --------------------------------------------------------------------------------------------------------------------- ING T. Rowe Price Capital Appreciation Portfolio A T. Rowe Price Associates, Inc. 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING T. Rowe Price Equity Income Portfolio A T. Rowe Price Associates, Inc. 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING UBS U.S. Balanced Portfolio A UBS Global Asset Management (Americas) Inc. 1.26% 1.16% --------------------------------------------------------------------------------------------------------------------- ING Van Kampen Equity Growth Portfolio A Van Kampen 1.26% 1.16% --------------------------------------------------------------------------------------------------------------------- ING Van Kampen Global Franchise Portfolio A Van Kampen 1.51% 1.41% --------------------------------------------------------------------------------------------------------------------- ING Van Kampen Growth and Income Portfolio A Van Kampen 1.21% 1.11% --------------------------------------------------------------------------------------------------------------------- ING Van Kampen Real Estate Portfolio A Van Kampen 1.20% 1.10% --------------------------------------------------------------------------------------------------------------------- ING PARTNERS, INC. --------------------------------------------------------------------------------------------------------------------- ING JPMorgan Fleming JPMorgan Fleming Asset Management (London) International Portfolio Service Ltd. 1.25% 1.25% --------------------------------------------------------------------------------------------------------------------- ING Salomon Brothers Aggressive Growth Portfolio Service Salomon Brothers Asset Management Inc. 1.07% 1.07% --------------------------------------------------------------------------------------------------------------------- ING Van Kampen Comstock Portfolio Service Van Kampen 1.20% 1.20% --------------------------------------------------------------------------------------------------------------------- ING VARIABLE INSURANCE TRUST --------------------------------------------------------------------------------------------------------------------- ING VP Worldwide Growth Portfolio Service ING Investments LLC 2.07% 1.23% --------------------------------------------------------------------------------------------------------------------- ING GET U.S. Core Portfolio Aeltus Investment Management, Inc. 1.00% 1.00% --------------------------------------------------------------------------------------------------------------------- ING VARIABLE PORTFOLIOS, INC. --------------------------------------------------------------------------------------------------------------------- ING VP Bond Portfolio S Aeltus Investment Management, Inc. 0.74% 0.74% --------------------------------------------------------------------------------------------------------------------- ING VP Index Plus LargeCap Portfolio S Aeltus Investment Management, Inc. 0.71% 0.71% --------------------------------------------------------------------------------------------------------------------- ING VARIABLE PRODUCTS TRUST --------------------------------------------------------------------------------------------------------------------- ING VP Growth Opportunities Portfolio Service ING Investments LLC 1.58% 1.10% --------------------------------------------------------------------------------------------------------------------- ING VP MagnaCap Portfolio Service ING Investments LLC 1.45% 1.10% --------------------------------------------------------------------------------------------------------------------- ING VP SmallCap Opportunities Portfolio Service ING Investments LLC 1.49% 1.10% --------------------------------------------------------------------------------------------------------------------- AIM VARIABLE INSURANCE FUNDS --------------------------------------------------------------------------------------------------------------------- AIM V.I. Dent Demographic Trends Fund II A I M Advisors, Inc. 1.68% 1.45% --------------------------------------------------------------------------------------------------------------------- FIDELITY VARIABLE INSURANCE PRODUCTS PORTFOLIO --------------------------------------------------------------------------------------------------------------------- Fidelity VIP Equity-Income Portfolio S2 FMR Co., Inc. 0.83% 0.83% --------------------------------------------------------------------------------------------------------------------- Fidelity VIP Growth Portfolio S2 FMR Co., Inc. 0.93% 0.93% --------------------------------------------------------------------------------------------------------------------- INVESCO VARIABLE INVESTMENT FUNDS, INC. --------------------------------------------------------------------------------------------------------------------- INVESCO VIF -- Financial Services Fund INVESCO Funds Group, Inc. 1.09% 1.09% --------------------------------------------------------------------------------------------------------------------- INVESCO VIF-- Health Sciences Fund INVESCO Funds Group, Inc. 1.07% 1.07% --------------------------------------------------------------------------------------------------------------------- INVESCO VIF-- Leisure Fund INVESCO Funds Group, Inc. 3.96% 3.96% --------------------------------------------------------------------------------------------------------------------- INVESCO VIF-- Utilities Fund INVESCO Funds Group, Inc. 1.18% 1.15% --------------------------------------------------------------------------------------------------------------------- LIBERTY VARIABLE INSURANCE TRUST --------------------------------------------------------------------------------------------------------------------- Colonial Small Cap Value Fund B Columbia Management Advisers, Inc. 1.39% 1.10% --------------------------------------------------------------------------------------------------------------------- PIMCO VARIABLE INSURANCE TRUST: --------------------------------------------------------------------------------------------------------------------- PIMCO High Yield Portfolio Pacific Investment Management Company 0.76% 0.75% --------------------------------------------------------------------------------------------------------------------- PIONEER VARIABLE CONTRACTS TRUST --------------------------------------------------------------------------------------------------------------------- Pioneer Fund VCT Portfolio II Pioneer Investment Management, Inc. 1.06% 1.06% --------------------------------------------------------------------------------------------------------------------- Pioneer Mid-Cap Value VCT Portfolio II Pioneer Investment Management, Inc. 1.07% 1.07% --------------------------------------------------------------------------------------------------------------------- PRO FUNDS VP --------------------------------------------------------------------------------------------------------------------- ProFund VP Bull ProFund Advisors LLC 1.91% 1.91% --------------------------------------------------------------------------------------------------------------------- ProFund VP Europe 30 ProFund Advisors LLC 2.03% 1.98% --------------------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity ProFund Advisors LLC 2.13% 1.98% --------------------------------------------------------------------------------------------------------------------- ProFund VP Small-Cap ProFund Advisors LLC 1.97% 1.97% --------------------------------------------------------------------------------------------------------------------- PRUDENTIAL SERIES FUND, INC. --------------------------------------------------------------------------------------------------------------------- Jennison Portfolio II Jennison Associates LLC 1.01% 1.01% --------------------------------------------------------------------------------------------------------------------- SP Jennison International Growth Portfolio II Jennison Associates LLC 1.80% 1.80% ---------------------------------------------------------------------------------------------------------------------
ING (lion logo) GOLDEN AMERICAN LIFE INSURANCE COMPANY Golden American Life Insurance Company is a stock company domiciled in Delaware. 127528 - Opportunities 09/02/03