WITNESSETH:

                                                     EXHIBIT (d)(1)(E)



                ADDENDUM TO MANAGEMENT AGREEMENT

     The Management Agreement (the "Agreement") between The GCG
Trust (the "Trust"), a Massachusetts business trust having its
principal place of business 0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX
00000, and Directed Services, Inc. ("DSI" or the "Manager"), a
New York corporation having its principal place of business 0000
Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000, dated October 24, 1997 is
hereby amended by the addition of the provisions set forth in
this Addendum to the Agreement, which is dated as of the 18th day
of May 2000.

                          WITNESSETH:

     WHEREAS, the Trust is authorized to issue an unlimited
number of shares of beneficial interest in separate series, each
such series representing interests in a separate portfolio of
securities and other assets; and

     WHEREAS, the Trust currently offers shares in multiple
series, may offer shares of additional series in the future, and
intends to offer shares of additional series in the future; and

     WHEREAS, the Trust has established three new series
designated as the Diversified Mid-Cap Series, Asset Allocation
Growth Series and Special Situations Series; and

     WHEREAS, the Trust desires to appoint DSI as Manager for the
Diversified Mid-Cap Series, Asset Allocation Growth Series and
Special Situations Series, under the provisions set forth in the
Agreement and in this Addendum to the Agreement; and

     WHEREAS, the Manager is willing to accept such appointment.

     NOW THEREFORE, in consideration of the mutual promises and
covenants contained in this Addendum, it is agreed between the
parties hereto as follows:

                    1.   In addition to its responsibilities as
               specified in the Agreement, the Trust hereby
               appoints DSI to act as Manager with respect to the
               the Diversified Mid-Cap Series, Asset Allocation
               Growth Series and Special Situations Series which,
               together with all other Series previously
               established and listed on Schedule A to the
               Agreement, shall be Series under the Agreement as
               provided in paragraph one (1), subject to the
               terms and conditions as specified in the
               Agreement, including paragraph nine (9),
               "Compensation."

                    2.   Schedule A to the Agreement shall be
               replaced with a new Schedule A, a form of which is
               attached hereto.

                    3.   Schedule B to the Agreement
               ("Compensation for Services to Series") shall be
               replaced with a new Schedule B, a form of which is
               attached hereto.

     This Addendum shall take effect as of the date of its
execution.

     IN WITNESS WHEREOF, the parties hereto have caused this
Addendum to be executed on the date indicated.

                                  THE GCG TRUST


Attest________________________    By:________________________
Title:________________________    Title:_____________________

                                  DIRECTED SERVICES, INC.


Attest________________________    By:________________________
Title:________________________    Title:_____________________


                           SCHEDULE A


     The Series of The GCG Trust, as described in the attached
Management Agreement, to which Directed Services, Inc. shall act
as Manager are as follows:

                  Equity Income Series (formerly, Multiple Allocation Series)
                  Fully Managed Series
                  Limited Maturity Bond Series
                  Hard Assets Series
                  Real Estate Series
                  Liquid Asset Series
                  Capital Appreciation Series
                  Rising Dividends Series
                  Emerging Markets Series
                  Market Manager Series
                  Value Equity Series
                  Strategic Equity Series
                  Small Cap Series
                  Mid-Cap Growth Series
                  Total Return Series
                  Research Series
                  Growth Series (formerly, Growth & Income Series)
                  Value + Growth Series
                  Global Fixed Income Series
                  Developing World Series
                  Capital Growth Series
                  Investors Series
                  All Cap Series
                  Large Cap Value Series
                  Managed Global Series
                  Diversified Mid-Cap Series
                  Asset Allocation Growth Series
                  Special Situations Series


                           SCHEDULE B
              COMPENSATION FOR SERVICES TO SERIES

For the services provided by Directed Services, Inc. (the "Manag
er") to the following Series of The GCG Trust (the "Trust"),
pursuant to the attached Management Agreement, the Trust will pay
the Manager a fee, payable monthly, based on the average daily
net assets of the Series at the following annual rates of the
average daily net assets of that Series.

Series                             Rate

Diversified Mid-Cap and Asset      1.00% of first $500 million;
Allocation Growth Series:          0.95% of next $250 million;
                                   0.90% of next $500 million; and
                                   0.85% of amount in excess of $1.25 billion

Special Situations Series          1.10% of first $250 million;
                                   1.05% of next $400 million;
                                   1.00% of next $450 million; and
                                   0.95% of amount in excess of $1.1 billion