SECURITIES AND EXCHANGE COMMISSON

                             WASHINGTON, D.C. 20549


                              ------------------

                                  FORM 8-K/A1

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                        Securities Exchange Act of 1934

        Date of report (Date of earliest event reported)  March 1, 2000


                               -----------------


                     GE Financial Assurance Holdings, Inc.
                     -------------------------------------
             (Exact name of registrant as specified in its charter)





                                        
Delaware                            0-23375           54-1829180
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(State or other jurisdiction    (Commission        (IRS Employer
of incorporation)               File Number)       Identification No.)


6604 West Broad Street, Richmond, Virginia                      23230
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(Address of principal executive offices)                     (Zip Code)


Registrant's telephone number, including area code        (804) 281-6000
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                                    Not Applicable
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         (Former name or former address, if changed since last report)


EXPLANATORY NOTE: This Current Report on Form 8-K/A1 amends Item 7 of the
                  Registrant's Current Report on Form 8-K, filed on March 16,
                  2000, to provide a Statement of Assets Acquired and
                  Liabilities Assumed from Toho Mutual Life Insurance Company
                  required by Item 7.  The remaining Items have not been amended
                  herein.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

(a)  Financial statements of business acquired.

          An audited Statement of Assets Acquired and Liabilities Assumed from
          Toho Mutual Life Insurance Company (Toho) as of March 1, 2000 is filed
          as Exhibit 99.1 to this amendment. Toho's historical financial
          statements have not been included in this amendment based on the
          Registrant's conclusion that the comprehensive transfer of Toho's
          policy liabilities and related assets is not an acquisition of a
          business that has continuity both before and after the comprehensive
          transfer and therefore, Toho historical financial statements would not
          be relevant to security holders of the Registrant and their
          understanding of future operations.

(b)  Pro forma financial information.

          The liabilities assumed and assets acquired as part of the
          comprehensive transfer are reflected in the Registrant's April 1, 2000
          consolidated balance sheet in its Quarterly Report on Form 10-Q for
          the quarter ended April 1, 2000, filed on May 15, 2000.

(c) Exhibits.

       2.1  AGREEMENT ON THE TRANSFER OF INSURANCE CONTRACTS, ETC.

            (English translation of the agreement executed on December 22, 1999
            by and between Toho Mutual Life Insurance Company and GE Edison Life
            Insurance Company). (Previously filed).

      23.1  Consent of KPMG LLP.

      99.1  Audited Statement of Assets Acquired and Liabilities Assumed
            from Toho Mutual Life Insurance Company as of March 1, 2000.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.


                          GE Financial Assurance Holdings, Inc.
                          -------------------------------------
                                         (Registrant)


Date:    May 15, 2000     By:    /s/  Thomas W. Casey
                               -------------------------------------------------
                               Thomas W. Casey
                               Senior Vice President and Chief Financial Officer
                              (Principal Financial Officer)


Date:    May 15, 2000     By:    /s/  Richard G. Fucci
                                 -----------------------------------------------
                                Richard G. Fucci
                                Vice President and Controller
                                (Principal Accounting Officer)


                                 Exhibit Index

       The exhibits listed below, as part of this Form 8-K/A1, are numbered in
       conformity with the numbering used in Item 601 of Regulation S-K of the
       Securities and Exchange Commission.





 Exhibit
  Number                         Description
  ------                         -----------

         
      23.1  Consent of KPMG LLP.
      99.1  Audited Statement of Assets Acquired and Liabilities Assumed from
            Toho Mutual Life Insurance Company as of March 1, 2000.