Notes to Financial Statements (Unaudited)
The GCG Trust
June 30, 1999
1. Summary of Significant Accounting Policies
The GCG Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "Act"),
as an open-end management investment company. The Trust was organized as a Massachusetts business trust on
August 3, 1988 with an unlimited number of shares of beneficial interest with a par value of $0.001 each. At June
30, 1999 the Trust had twenty four operational portfolios (the "Series"): Liquid Asset Series ("LA"), Limited
Maturity Bond Series ("LMB"), Global Fixed Income Series ("GF"), Total Return Series ("TR"), Equity Income
Series ("EI"), Fully Managed Series ("FM"), Rising Dividends Series ("RD"), Growth & Income Series ("GI"),
Growth Series ("G"), Value Equity Series ("VE"), Research Series ("R"), Market Manager Series ("MM"), Mid-
Cap Growth Series ("MC"), All-Growth Series ("AG"), Growth Opportunities Series ("GO"), Strategic Equity
Series ("SE"), Capital Appreciation Series ("CA"), Small Cap Series ("SC"), Real Estate Series ("RE"), Hard
Assets Series ("HA"), Managed Global Series ("MG"), Developing World Series ("DW"), Emerging Markets
Series ("EM"), and The Fund For Life Series. All of the Series are diversified except for GF, MM, MC, HA, and
MG which are non-diversified Series. The information presented in these financial statements pertains to all of the
Series except for The Fund For Life Series, which is presented under separate cover. The Trust is intended to
serve as an investment medium for (i) variable life insurance policies and variable annuity contracts ("Variable
Contracts") offered by insurance companies, and (ii) certain qualified pension and retirement plans, as permitted
under the Federal tax rules relating to the Series serving as investment mediums for Variable Contracts. The Trust
currently functions as an investment medium for contracts and policies offered by Golden American Life
Insurance Company ("Golden American"), a wholly owned