497 1 c22907_497.htm

Travelers Vintage 3 Variable Annuity Prospectus:

The Travelers Separate Account Nine For Variable Annuities
The Travelers Separate Account Ten For Variable Annuities

This prospectus describes Travelers Vintage 3 Variable Annuity, a flexible premium deferred variable annuity contract (the “Contract”) issued by The Travelers Insurance Company or The Travelers Life and Annuity Company. Refer to the first page of your Contract for the name of your issuing company. The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment (“qualified Contracts”) as well as those that do not qualify for such treatment (“nonqualified Contracts”). We may issue it as an individual Contract or as a group Contract. When we issue a group Contract, you will receive a certificate summarizing the Contract's provisions. For convenience, we refer to Contracts and certificates as "Contracts."

You can choose to have your premium (“purchase payments”) accumulate on a variable and/or fixed basis in one of our funding options. Your contract value before the maturity date and the amount of monthly income afterwards will vary daily to reflect the investment experience of the variable funding options you select. You bear the investment risk of investing in the variable funding options. The variable funding options are:

AIM Variable Insurance Funds		Smith Barney Investment Series
AIM V.I. Premier Equity Fund – Series I(1)		Smith Barney Large Cap Core Portfolio
Alliance Variable Product Series Fund, Inc.		Smith Barney Premier Selections All Cap Growth Portfolio
Growth & Income Portfolio – Class B		The Travelers Series Trust
Premier Growth Portfolio Class B		Equity Income Portfolio
American Variable Insurance Trust		Large Cap Portfolio
Global Growth Fund — Class 2		MFS Emerging Growth Portfolio
Growth Fund — Class 2		MFS Research Portfolio
Growth-Income — Fund Class2		Travelers Series Fund Inc.
Franklin Templeton Variable Insurance Products Trust		AIM Capital Appreciation Portfolio
Franklin Small Cap Fund – Class 2		Alliance Growth Portfolio
Mutual Shares Securities Fund – Class 2		MFS Total Return Portfolio
Templeton Foreign Securities Fund – Class 2(2)		Smith Barney Aggressive Growth Portfolio
Greenwich Street Series Fund		Smith Barney High Income Portfolio
Appreciation Portfolio		Smith Barney International All Cap Growth Portfolio
Diversified Strategic Income Portfolio		Smith Barney Large Capitalization Growth Portfolio
Equity Index Portfolio — Class II Shares		Smith Barney Large Cap Value Portfolio
Fundamental Value Portfolio		Smith Barney Mid Cap Core Portfolio
Janus Aspen Series		Smith Barney Money Market Portfolio
Aggressive Growth Portfolio – Service Shares		Travelers Managed Income Portfolio
PIMCO Variable Insurance Trust		Van Kampen Enterprise Portfolio
Total Return Portfolio — Administrative Class(3)		Van Kampen Life Investment Trust
Putnam Variable Trust		Emerging Growth Portfolio
Putnam VT International Growth Fund — Class IB Shares		Variable Annuity Portfolios
Putnam VT Small Cap Value Fund – Class IB		Smith Barney Small Cap Growth Opportunities Portfolio
Putnam VT Voyager II Fund — Class IB Shares		Variable Insurance Products Fund II (Fidelity)
Salomon Brothers Variable Series Fund Inc.		Contrafund® Portfolio — Service Class
Capital Fund		Variable Insurance Products Fund III (Fidelity)
Investors Fund		Mid Cap Portfolio — Service Class 2
Small Cap Growth Fund

______________

	(1)		Formerly V.I. Value Fund

	(2)		Formerly Templeton International Securities Fund Class 2

	(3)		Formerly Total Return Bond Portfolio

The Contract, certain contract features and/or some of the funding options may not be available in all states. The current prospectuses for the underlying funds that support the variable funding options must accompany this prospectus. Read and retain them for future reference.

This prospectus provides the information that you should know before investing in the Contract. You can receive additional information about your Contract by requesting a copy of the Statement of Additional Information (“SAI”) dated May 1, 2002. We filed the SAI with the Securities and Exchange Commission (“SEC”), and it is incorporated by reference into this prospectus. To request a copy, write to The Travelers Insurance Company, Annuity Investor Services, One Tower Square, Hartford, Connecticut 06183, call 1-800-842-8573 or access the SEC’s website (http://www.sec.gov). See Appendix D for the SAI’s table of contents.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

Variable annuity contracts are not deposits of any bank, and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Prospectus dated May 1, 2002

TABLE OF CONTENTS

Summary	3	Variable Annuity	29
Fee Table	6	Fixed Annuity	30
Condensed Financial Information	12	Payment Options	30
The Annuity Contract	12	Election of Options	30
Contract Owner Inquiries	13	Annuity Options	30
Purchase Payments	13	Variable Liquidity Benefit	31
Accumulation Units	13	Miscellaneous Contract Provisions	31
The Variable Funding Options	13	Right to Return	31
The Fixed Account	17	Termination	31
Charges and Deductions	17	Required Reports	32
General	17	Suspension of Payments	32
Withdrawal Charge	18	The Separate Accounts	32
Free Withdrawal Allowance	18	Performance Information	32
Transfer Charge	19	Federal Tax Considerations	33
Administrative Charges	19	Non-Resident Aliens	33
Mortality and Expense Risk Charge	19	General Taxation of Annuities	33
E.S.P. Charge	19	Types of Contracts: Qualified or Nonqualified	33
Variable Liquidity Benefit Charge	19	Nonqualified Annuity Contracts	34
Variable Funding Option Expenses	19	Puerto Rico Tax Considerations	34
Premium Tax	20	Qualified Annuity Contracts	35
Changes in Taxes Based Upon Premium or Value	20	Penalty Tax for Premature Distribution	35
Transfers	20	Diversification Requirements for Variable
Dollar Cost Averaging	21	Annuities	35
Access to Your Money	22	Ownership of the Investments	35
Systematic Withdrawals	22	Mandatory Distributions for Qualified Plans	35
Loans	22	Taxation of Death Benefit Proceeds	36
Ownership Provisions	23	Other Information	36
Types of Ownership	23	The Insurance Companies	36
Contract Owner	23	Financial Statements	36
Beneficiary	23	Distribution of Variable Annuity Contracts	36
Annuitant	23	Conformity with State and Federal Laws	36
Contingent Annuitant	23	Voting Rights	37
Death Benefit	24	Legal Proceedings and Opinions	37
Death Proceeds Before the Maturity Date	24	The Travelers Insurance Company	37
E.S.P.	25	The Travelers Life and Annuity Company	37
Payment of Proceeds	25	Appendix A: Condensed Financial Information for
Spousal Contract Continuation	27	Travelers Insurance Company: Separate Account Nine	A-1
Beneficiary Contract Continuance	28	Appendix B: Condensed Financial Information for
Planned Death Benefit	28	Travelers Life and Annuity Company: Separate
Death Proceeds After the Maturity Date	28	Account Ten	B-1
The Annuity Period	29	Appendix C: The Fixed Account	C-1
Maturity Date	29	Appendix D: Contents of the Statement of
Allocation of Annuity	29	Additional Information	D-1

INDEX OF SPECIAL TERMS

The following terms are italicized throughout the prospectus. Refer to the page listed for an explanation of each term.

Accumulation Unit	13	Contract Year	12
Accumulation Period	13	Death Report Date	24
Annuitant	23	Fixed Account	A-1
Annuity Payments	29	Joint Owner	23
Annuity Unit	13	Maturity Date	29
Cash Surrender Value	22	Net Investment Rate	29
Contingent Annuitant	23	Purchase Payment	12
Contract Date	12	Underlying Fund	13
Contract Owner	23	Variable Funding Option(s)	13
Contract Value	12	Written Request	12

Summary:
Travelers Vintage 3 Variable Annuity

This summary details some of the more important points that you should know and consider before purchasing the Contract. Please read the entire prospectus carefully.

What company will issue my Contract? Your issuing company is either The Travelers Insurance Company or The Travelers Life and Annuity Company, (“the Company,” “We” or “Us”). Refer to your Contract for the name of your issuing Company. Each company sponsors its own segregated asset account (“Separate Account”). The Travelers Insurance Company sponsors the Travelers Separate Account Nine for Variable Annuities (“Separate Account Nine”); The Travelers Life and Annuity Company sponsors the Travelers Separate Account Ten for Variable Annuities (“Separate Account Ten”). When we refer to the Separate Account, we are referring to either Separate Account Nine or Separate Account Ten, depending upon your issuing Company.

You may only purchase a Contract in states where the Contract has been approved for sale. The Contract may not currently be available for sale in all states.

Can you give me a general description of the Contract? We designed the Contract for retirement savings or other long-term investment purposes. The Contract provides a death benefit as well as guaranteed payout options (annuity period). You direct your payment(s) to one or more of the variable funding options and/or to the Fixed Account that is part of our general account (the “Fixed Account”). We guarantee money directed to the Fixed Account as to principal and interest. The variable funding options are designed to produce a higher rate of return than the Fixed Account; however, this is not guaranteed. You can also lose money in the variable funding options.

The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase and the payout phase. During the accumulation phase generally, under a qualified contract, your pre-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal, presumably when you are in a lower tax bracket. During the accumulation phase, under a nonqualified contract, earnings on your after-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. The payout phase occurs when you begin receiving payments from your Contract. The amount of money you accumulate in your Contract determines the amount of income (annuity payments) you receive during the payout phase.

During the payout phase, you may choose one of a number of annuity options. You may receive income payments from the variable funding options and/or the Fixed Account. If you elect variable income payments, the dollar amount of your payments may increase or decrease. Once you choose one of the annuity options and begin to receive payments, it cannot be changed.

Who should purchase this Contract? The Contract is currently available for use in connection with (1) individual nonqualified purchases; (2) rollovers from Individual Retirement Annuities (IRAs); (3) rollovers from other qualified retirement plans; and (4) beneficiary-directed transfers of death proceeds from another contract. Qualified contracts include contracts qualifying under Section 401(a), 403(b), or 408(b) of the Internal Revenue Code of 1986, as amended. Purchase of this Contract through a tax qualified retirement plan (“Plan”) does not provide any additional tax deferral benefits beyond those provided by the Plan. Accordingly, if you are purchasing this Contract through a Plan, you should consider purchasing this Contract for its Death Benefit, Annuity Option Benefits, and other non-tax-related benefits.

You may purchase the Contract with an initial payment of at least $5000. You may make additional payments of at least $500 at any time during the accumulation phase. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death proceeds.

Is there a right to return period? If you cancel the Contract within ten days after you receive it, you will receive a full refund of your contract value plus any Contract charges and premium taxes you paid (but not fees and charges assessed by the underlying funds). Where state law requires a longer right to return period, or the return of purchase payments, the Company will comply. You bear the investment risk on the purchase payment allocated to a variable funding option during the right to return period; therefore, the contract value we return may be greater or less than your purchase payment.

If you purchased your Contract as an Individual Retirement Annuity, and you return it within the first seven days after delivery, we will refund your full purchase payment. During the remainder of the right to return period, we will refund your contract value (including charges we assessed). We will determine your contract value at the close of business on the day we receive a written request for a refund.

Can you give a general description of the variable funding options and how they operate? Through its subaccounts, the Separate Account uses your purchase payments to purchase units, at your direction, of one or more of the variable funding options. In turn, each variable funding option invests in an underlying mutual fund (“underlying fund”) that holds securities consistent with its own investment policy. Depending on market conditions, you may make or lose money in any of these variable funding options.

You can transfer among the variable funding options as frequently as you wish without any current tax implications. Currently there is no charge for transfers, nor a limit to the number of transfers allowed. We may, in the future, charge a fee for any transfer request, or limit the number of transfers allowed. At a minimum, we would always allow one transfer every six months. We reserve the right to restrict transfers that we determine will disadvantage other contract owners. You may transfer between the Fixed Account and the variable funding options twice a year (during the 30 days after the six-month contract date anniversary), provided the amount is not greater than 15% of the Fixed Account value on that date.

What expenses will be assessed under the Contract? The Contract has insurance features and investment features, and there are costs related to each. We deduct an administrative expense charge and a mortality and expense risk (“M&E”) charge daily from amounts you allocate to the Separate Account. We deduct the administrative expense charge at an annual rate of 0.15% and deduct the M&E at an annual rate of 1.70%. For Contracts with a value of less than $40,000, we also deduct an annual contract administrative charge of $30. Each underlying fund also charges for management costs and other expenses.

We will apply a withdrawal charge to withdrawals from the Contract, and will calculate it as a percentage of the purchase payments. The maximum percentage is 6%, decreasing to 0% in years three and later.

If you select the Enhanced Stepped-Up Provision (“E.S.P.”), an additional 0.20% annually will be deducted from amounts in the variable funding options. This provision is not available when either the annuitiant or owner is age 76 or older on the Rider Effective Date.

If the Variable Liquidity Benefit is selected, there is a maximum surrender charge of 6% of the amounts withdrawn. Please refer to “The Annuity Period” for a description of this benefit.

How will my purchase payments and withdrawals be taxed? Generally, the payments you make to a qualified Contract during the accumulation phase are made with before-tax dollars. Generally, you will be taxed on your purchase payments and on any earnings when you make a withdrawal or begin receiving annuity payments. Under a nonqualified Contract, payments to the Contract are made with after-tax dollars, and earnings will generally accumulate tax-deferred. You will be taxed on these earnings when they are withdrawn from the Contract. If you are younger than 59 1/2 when you take money out, you may be charged a 10% federal penalty tax on the amount withdrawn.

For owners of qualified Contracts, if you reach a certain age, you may be required by federal tax laws to begin receiving payments from your annuity or risk paying a penalty tax. In those cases, we can calculate and pay you the minimum required distribution amounts.

How may I access my money? You can take withdrawals any time during the accumulation phase. Withdrawal charges, income taxes, and/or a penalty tax may apply to taxable amounts withdrawn.

What is the death benefit under the Contract? The death benefit applies upon the first death of the contract owner, joint owner, or annuitant. Assuming you are the annuitant, the death benefit is as follows: If you die before the Contract is in the payout phase, the person you have chosen as your beneficiary will receive a death benefit. We calculate the death benefit value at the close of the business day on which our Home Office receives (1) due proof of death and (2) written payment instructions or the election of spousal or beneficiary contract continuance. Please refer to the Death Benefit section in the prospectus for more details.

Where may I find out more about accumulation unit values? The Condensed Financial Information in Appendix A or Appendix B to this prospectus provides more information about accumulation unit values.

Are there any additional features? This Contract has other features you may be interested in. These include:

Dollar Cost Averaging. This is a program that allows you to invest a fixed amount of money in variable funding options each month, theoretically giving you a lower average cost per unit over time than a single one-time purchase. Dollar Cost Averaging requires regular investments regardless of fluctuating price levels, and does not guarantee profits or prevent losses in a declining market. Potential investors should consider their financial ability to continue purchases through periods of low price levels.

Systematic Withdrawal Option. Before the maturity date, you can arrange to have money sent to you at set intervals throughout the year. Of course, any applicable income and penalty taxes will apply on amounts withdrawn.

Automatic Rebalancing. You may elect to have the Company periodically reallocate the values in your Contract to match your original (or your latest) funding option allocation request.

Managed Distribution Program. This program allows us to automatically calculate and distribute to you, in November of the applicable tax year, an amount that will satisfy the Internal Revenue Service’s minimum distribution requirements imposed on certain contracts once the owner reaches age 70 1/2 or retires. These minimum distributions occur during the accumulation phase.

Spousal Contract Continuance (subject to availability). If your spouse is named as an owner and/or beneficiary, and you die prior to the maturity date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. This feature applies to a spousal joint contract owner and/or beneficiary only.

Enhanced Stepped-Up Provision (“E.S.P.”). For an additional charge, the total death benefit payable may be increased based on the earnings in your Contract.

Beneficiary Contract Continuance (Not permitted for non-natural beneficiaries). If you die before the maturity date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the date of your death, that beneficiary(s) may elect to continue his/her portion of the Contract.

FEE TABLE

The purpose of this Fee Table is to assist contract owners in understanding the various costs and expenses that you will bear, directly or indirectly, if you purchase this Contract. See “Charges and Deductions” in this prospectus for additional information. Expenses shown do not include premium taxes, which may be applicable. Each variable funding option purchases shares of the underlying fund at net asset value. The net asset value already reflects the deduction of each underlying fund’s Total Operating Expenses as shown in the table below; therefore, you are indirectly bearing the costs of underlying fund expenses.

We receive payments from some of the underlying funds or their affiliates for providing administrative or other services for a fund. These payments vary in amount and currently we receive payments at an annual rate of up to 0.50% of the average net amount invested in an underlying fund on behalf of Travelers’ Separate Accounts. These payments by the funds do not result in any charge to you in addition to the Total Annual Operating Expenses disclosed below for each fund.

The amounts shown in the table are based on historical fund expenses, as a percentage of each fund’s average daily net assets as of December 31, 2001 (unless otherwise indicated). This information was provided by the funds and we have not independently verified it. More detail concerning each fund’s fees and expenses is contained in the prospectus for each underlying fund.

Transaction Expenses

Withdrawal Charge

(as a percentage of the purchase payments withdrawn)

Years Since Purchase Payment Made		Withdrawal Charge
0-1		6%
2		5%
3		4%
4 and over		0%

During the annuity period, if you have elected the Variable Liquidity Benefit, a surrender charge of up to 6% of the amount withdrawn will be assessed. See “Variable Liquidity Benefit.”

Transfer Charge

(We reserve the right to assess a transfer charge of up to $10 on transfers exceeding 12 per year.)

Annual Separate Account Charges

(as a percentage of the average daily net assets of the Separate Account)

Without E.S.P.		With E.S.P.
Mortality and Expense Risk Charge	1.70%	Mortality and Expense Risk Charge	1.70%
Administrative Expense Charge	0.15%	Administrative Expense Charge	0.15%
Total Separate Account Charges	1.85%	E.S.P. Charge	0.20%
		Total Separate Account Charges	2.05%

Other Annual Charges

*Annual Contract Administrative Charge*		$30
(Waived if contract value is $40,000 or more)

Variable Funding Option Expenses:

(as a percentage of average daily net assets of the funding option as of December 31, 2001, unless otherwise noted)

Funding Option	Management Fee (after expense reimbursement)		Distribution and/or Service Fees (12b-1)		Other Expenses (after expense reimbursement		Total Annual Operating Expenses (after expense reimbursement)

AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund — Series I		0.60%		—		0.25%		0.85%(1)
Alliance Variable Product Series Fund, Inc.
Growth and Income Portfolio — Class B*		0.63%		0.25%		0.04%		0.92%
Premier Growth Portfolio — Class B*		1.00%		0.25%		0.04%		1.29%
American Variable Insurance Series
Global Growth Fund — Class 2*		0.66%		0.25%		0.04%		0.95%
Growth Fund — Class 2*		0.37%		0.25%		0.01%		0.63%
Growth-Income Fund — Class 2*		0.33%		0.25%		0.02%		0.60%
Franklin Templeton Variable Insurance Products Trust
Franklin Small Cap Fund — Class 2*		0.45%		0.25%		0.31%		1.01%(2)
Mutual Shares Securities Fund — Class 2*		0.60%		0.25%		0.19%		1.04%(3)
Templeton Foreign Securities Fund — Class 2*		0.68%		0.25%		0.22%		1.15%(4)
Greenwich Street Series Fund
Appreciation Portfolio		0.75%		—		0.02%		0.77%(5)
Diversified Strategic Income Portfolio		0.65%		—		0.11%		0.76%(5)
Equity Index Portfolio — Class II Shares*		0.21%		0.25%		0.03%		0.49%(5)
Fundamental Value Portfolio		0.75%		—		0.02%		0.77%(5)
Janus Aspen Series
Aggressive Growth Portfolio — Service Shares*		0.65%		0.25%		0.02%		0.92%
PIMCO Variable Insurance Trust
Total Return Portfolio – Administrative Class		0.25%		—		0.40%		0.65%(6)
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares*		0.76%		0.25%		0.18%		1.19%
Putnam VT Small Cap Value Fund — Class IB Shares*		0.80%		0.25%		0.30%		1.35%
Putnam VT Voyager II Fund — Class IB Shares*		0.70%		0.25%		0.77%		1.72%
Salomon Brothers Variable Series Fund Inc.
Capital Fund		0.83%		—		0.17%		1.00%(7)
Investors Fund		0.70%		—		0.12%		0.82%(8)
Small Cap Growth Fund		0.75%		—		0.72%		1.47%(9)
Smith Barney Investment Series
Smith Barney Large Cap Core Portfolio		0.75%		—		0.18%		0.93%(13)
Smith Barney Premier Selection All Cap Growth Portfolio		0.75%		—		0.20%		0.95%(10)
The Travelers Series Trust
Equity Income Portfolio		0.75%		—		0.04%		0.79%(11)
Large Cap Portfolio		0.75%		—		0.04%		0.79%(12)
MFS Emerging Growth Portfolio		0.75%		—		0.14%		0.89%
MFS Research Portfolio		0.80%		—		0.12%		0.92%

Funding Option	Management Fee (after expense reimbursement)		12b-1 Fees		Other Expenses (after expense reimbursement		Total Annual Operating Expenses (after expense reimbursement)

Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio		0.80%		—		0.03%		0.83%(13)
Alliance Growth Portfolio		0.80%		—		0.02%		0.82%(13)
MFS Total Return Portfolio		0.80%		—		0.03%		0.83%(13)
Smith Barney Aggressive Growth Portfolio		0.80%		—		0.04%		0.84%(13)
Smith Barney High Income Portfolio		0.60%		—		0.07%		0.67%(13)
Smith Barney International All Cap Growth Portfolio		0.90%		—		0.10%		1.00%(13)
Smith Barney Large Cap Value Portfolio		0.65%		—		0.02%		0.67%(13)
Smith Barney Large Capitalization Growth Portfolio		0.75%		—		0.03%		0.78%(13)
Smith Barney Mid Cap Core Portfolio		0.75%		—		0.20%		0.95%(14)
Smith Barney Money Market Portfolio		0.50%		—		0.03%		0.53%(13)
Travelers Managed Income Portfolio		0.65%		—		0.03%		0.68%(13)
Van Kampen Enterprise Portfolio		0.70%		—		0.04%		0.74%(13)
Van Kampen Life Investment Trust
Emerging Growth Portfolio		0.70%		—		0.06%		0.76%
Variable Annuity Portfolios
Smith Barney Small Cap Growth Opportunities Portfolio		0.75%		—		0.15%		0.90%(15)
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class*		0.58%		0.10%		0.06%		0.74%(16)
Variable Insurance Products Fund III
Mid Cap Portfolio — Service Class 2*		0.58%		0.25%		0.05%		0.88%(17)

___________

The 12b-1 fees deducted from these classes cover certain distribution, shareholder support and administrative services provided by intermediaries (the insurance company, broker dealer or other service provider).

Notes

(1) Effective May 1, 2002 the Funds' name will change from AIM V.I. Value Fund to AIM V.I. Premier Equity Fund.

(2) The Fund's Class 2 distribution plan or "rule 12b-1 plan" is described in the Fund's prospectus. For the Franklin Small Cap Fund the managers have agreed in advance to make estimated reductions of 0.08% of their fees to reflect reduced services resulting from the Fund's investment in a Franklin Templeton money fund. Those reductions are required by the Fund's Board of Trustees and an order of the Securities and Exchange Commission. Without these reductions, Management Fees, 12b-1 Fees, Other Expenses, and Total Annual Operating Expenses for the Franklin Small Cap Fund - Class 2 would have been 0.53%, 0.25%, 0.31%, and 1.09%, respectively.

(3) The Fund's Class 2 distribution plan or "rule 12b-1 plan" is described in the Fund's prospectus.

(4) The Fund's Class 2 distribution plan or ""rule 12b-1 plan"" is described in the Fund's prospectus. For the Franklin Small Cap Fund and Templeton Foreign Securities Funds the managers have agreed in advance to make estimated reductions of 0.08% and 0.01% respectively, of their fees to reflect reduced services resulting from the Fund's investment in a Franklin Templeton money fund. Those reductions are required by the Fund's Board of Trustees and an order of the Securities and Exchange Commission. Without these reductions, Management Fees, 12b-1 Fees, Other Expenses, and Total Annual Operating Expenses for the Templeton Foreign Securities Fund - Class 2 would have been 0.69%, 0.25%, 0.22%, and 1.16%.

(5) Expenses are as of December 31, 2001 (the Fund's fiscal year end). There were no fees waived or expenses reimbursed for these funds in 2001.

(6) "Other Expenses" reflects a 0.25% administrative fee, a 0.15% service fee, and 0.01% representing the Portfolio’s pro rata Trustees’ fees. PIMCO has contractually agreed to reduce total annual portfolio operating expenses to the extent they would exceed, due to the payment of organizational expenses and Trustees’ fees, 0.65% of average daily net assets. Without such reduction, Total Annual Expenses for the fiscal year ended December 31, 2001 would have been 0.66%. Under the Expense Limitation Agreement, PIMCO may recoup these waivers and reimbursements in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit.

(7) The Manager has waived a portion of its management fees for the year ended December 31, 2001. If such fees were not waived, the actual expenses ratio would have been 1.02%. As a result of a voluntary expense limitation, expense ratios will not exceed 1.00%.

(8) As a result of a voluntary expense limitation, expense ratios will not exceed 1.00%.

(9) As a result of a voluntary expense limitation, expense ratios will not exceed 1.50%.

(10) The Manager reimbursed expenses of $45,159 for the year ended October 31, 2001. If such fees were not waived and expenses reimbursed, the actual expense ratio would have been 1.08%.

(11) A portion of the brokerage commissions that the fund paid was used to reduce the fund's expenses. In addition, through arrangements with the fund's custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund's custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Equity Income Portfolio would have been 0.85%.

(12) A portion of the brokerage commissions that the fund paid was used to reduce the fund's expenses. In addition, through arrangements with the fund's custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund's custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Large Cap Portfolio would have been 0.84%.

(13) Expenses are as of October 31, 2001 (the Fund's fiscal year end). There were no fees waived or expenses reimbursed for these funds in 2001.

(14) The manager has agreed to waive all or a portion of its management fees for the year ended October 31, 2001(the Fund’s fiscal year end). If such fees were not waived the actual expense ratio would have been 0.96%.

(15) The Manager has waived all or a portion of its total expenses for the year ended December 31, 2001. If such fees were not waived or expenses not reimbursed, the actual expenses ratio would have been 2.21%.

(16) A portion of the brokerage commissions that the fund paid was used to reduce the fund's expenses. In addition, through arrangements with the fund's custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund's custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Fidelity VIP II Contrafund Portfolio — Service Class would have been 0.78%.

(17) A portion of the brokerage commissions that the fund paid was used to reduce the fund's expenses. In addition, through arrangements with the fund's custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund's custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Fidelity VIP III Mid Cap Portfolio — Service Class 2 would have been 0.94%.

Examples

These examples show what your costs would be under certain hypothetical situations. The examples do not represent past or future expenses. Your actual expenses may be more or less than those shown. We base examples on the annual expenses of the underlying funds for the year ended December 31, 2001, and assume that any fee waivers and expense reimbursements will continue. We cannot guarantee that these fee waivers and expense reimbursements will continue. The examples also assume that the $40 annual contract administrative charge is equivalent to 0.020% of the Separate Account contract value.

EXAMPLE: WITH E.S.P.

You would pay the following expenses on a $1,000 investment, assuming a 5% annual return on assets and the charges reflected in the expense table above with the E.S.P. option selected:

	If Contract is surrendered at the end of period shown:								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund — Series I		90		130		154		324		30		90		154		324
Alliance Variable Product Series Fund, Inc.
Growth and Income Portfolio — Class B		90		132		157		331		30		92		157		331
Premier Growth Portfolio — Class B		94		143		175		365		34		103		175		365
American Variable Insurance Series
Global Growth Fund — Class 2		90		133		159		334		30		93		159		334
Growth Fund — Class 2		87		124		143		303		27		84		143		303
Growth-Income Fund — Class 2		87		123		141		300		27		83		141		300
Franklin Templeton Variable Insurance Products Trust
Franklin Small Cap Fund — Class 2		91		135		162		339		31		95		162		339
Mutual Shares Securities Fund — Class 2		91		136		163		342		31		96		163		342
Templeton Foreign Securities Fund — Class 2		92		139		168		352		32		99		168		352

	If Contract is surrendered at the end of period shown:								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

Greenwich Street Series Fund
Appreciation Portfolio		89		128		150		317		29		88		150		317
Diversified Strategic Income Portfolio		89		128		149		316		29		88		149		316
Equity Index Portfolio — Class II Shares		86		120		136		290		26		80		136		290
Fundamental Value Portfolio		89		128		150		317		29		88		150		317
Janus Aspen Series
Aggressive Growth Portfolio — Service Shares		90		132		157		331		30		92		157		331
PIMCO Variable Insurance Trust
Total Return Portfolio – Administrative Class		88		124		144		305		28		84		144		305
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares		93		140		170		356		33		100		170		356
Putnam VT Small Cap Value Fund — Class IB Shares		94		145		178		370		34		105		178		370
Putnam VT Voyager II Fund — Class IB Shares		98		156		195		403		38		116		195		403
Salomon Brothers Variable Series Fund Inc.
Capital Fund		91		135		161		338		31		95		161		338
Investors Fund		89		129		152		321		29		89		152		321
Small Cap Growth Fund		96		149		184		381		36		109		184		381
Smith Barney Investment Series
Smith Barney Large Cap Core Portfolio		90		133		158		332		30		93		158		332
Smith Barney Premier Selections All Cap Growth Portfolio		90		133		159		334		30		93		159		334
The Travelers Series Trust
Equity Income Portfolio		89		129		151		319		29		89		151		319
Large Cap Portfolio		89		129		151		319		29		89		151		319
MFS Emerging Growth Portfolio		90		132		156		328		30		92		156		328
MFS Research Portfolio		90		132		157		331		30		92		157		331
Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio		89		130		153		322		29		90		153		322
Alliance Growth Portfolio		89		129		152		321		29		89		152		321
MFS Total Return Portfolio		89		130		153		322		29		90		153		322
Smith Barney Aggressive Growth Portfolio		89		130		153		323		29		90		153		323
Smith Barney High Income Portfolio		88		125		145		307		28		85		145		307
Smith Barney International All Cap Growth Portfolio		91		135		161		338		31		95		161		338
Smith Barney Large Cap Value Portfolio		88		125		145		307		28		85		145		307
Smith Barney Large Capitalization Growth Portfolio		89		128		150		318		29		88		150		318
Smith Barney Mid Cap Core Portfolio		90		133		159		334		30		93		159		334
Smith Barney Money Market Portfolio		86		121		138		293		26		81		138		293
Travelers Managed Income Portfolio		88		125		145		308		28		85		145		308
Van Kampen Enterprise Portfolio		88		127		148		314		28		87		148		314
Van Kampen Life Investment Trust
Emerging Growth Portfolio		89		128		149		316		29		88		149		316
Variable Annuity Portfolios
Smith Barney Small Cap Growth Opportunities Portfolio		90		132		156		329		30		92		156		329
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class		88		127		148		314		28		87		148		314
Variable Insurance Products Fund III
Mid Cap Portfolio — Service Class 2		90		131		155		327		30		91		155		327

EXAMPLE : WITHOUT E.S.P.

You would pay the following expenses on a $1,000 investment, assuming a 5% annual return on assets, purchase payment credits of 5%, and the charges reflected in the expense table above using the expenses without the E.S.P. option selected:

	If Contract is surrendered at the end of period shown:								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund — Series I		88		124		144		305		28		84		144		305
Alliance Variable Product Series Fund, Inc.
Growth and Income Portfolio — Class B		88		127		147		312		28		87		147		312
Premier Growth Portfolio — Class B		92		137		165		347		32		97		165		347
American Variable Insurance Series
Global Growth Fund — Class 2		89		127		149		315		29		87		149		315
Growth Fund — Class 2		85		118		133		284		25		78		133		284
Growth-Income Fund — Class 2		85		117		132		281		25		77		132		281
Franklin Templeton Variable Insurance Products Trust
Franklin Small Cap Fund — Class 2		89		129		152		320		29		89		152		320
Mutual Shares Securities Fund — Class 2		89		130		153		323		29		90		153		323
Templeton Foreign Securities Fund — Class 2		90		133		159		334		30		93		159		334
Greenwich Street Series Fund
Appreciation Portfolio		87		122		140		297		27		82		140		297
Diversified Strategic Income Portfolio		87		122		140		296		27		82		140		296
Equity Index Portfolio — Class II Shares		84		114		126		270		24		74		126		270
Fundamental Value Portfolio		87		122		140		297		27		82		140		297
Janus Aspen Series
Aggressive Growth Portfolio — Service Shares		88		127		147		312		28		87		147		312
PIMCO Variable Insurance Trust
Total Return Portfolio – Administrative Class		86		118		134		286		26		78		134		286
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares		91		135		161		337		31		95		161		337
Putnam VT Small Cap Value Fund — Class IB Shares		92		139		168		352		32		99		168		352
Putnam VT Voyager II Fund — Class IB Shares		96		150		186		385		36		110		186		385
Salomon Brothers Variable Series Fund Inc.
Capital Fund		89		129		151		319		29		89		151		319
Investors Fund		87		124		142		302		27		84		142		302
Small Cap Growth Fund		94		143		174		363		34		103		174		363
Smith Barney Investment Series
Smith Barney Large Cap Core Portfolio		88		127		148		313		28		87		148		313
Smith Barney Premier Selection All Cap Growth Portfolio		89		127		149		315		29		87		149		315
The Travelers Series Trust
Equity Income Portfolio		87		123		141		299		27		83		141		299
Large Cap Portfolio		87		123		141		299		27		83		141		299
MFS Emerging Growth Portfolio		88		126		146		309		28		86		146		309
MFS Research Portfolio		88		127		147		312		28		87		147		312

	If Contract is surrendered at the end of period shown:								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio		87		124		143		303		27		84		143		303
Alliance Growth Portfolio		87		124		142		302		27		84		142		302
MFS Total Return Portfolio		87		124		143		303		27		84		143		303
Smith Barney Aggressive Growth Portfolio		87		124		143		304		27		84		143		304
Smith Barney High Income Portfolio		86		119		135		288		26		79		135		288
Smith Barney International All Cap Growth Portfolio		89		129		151		319		29		89		151		319
Smith Barney Large Cap Value Portfolio		86		119		135		288		26		79		135		288
Smith Barney Large Capitalization Growth Portfolio		87		122		141		298		27		82		141		298
Smith Barney Mid Cap Core Portfolio		89		127		149		315		29		87		149		315
Smith Barney Money Market Portfolio		84		115		128		274		24		75		128		274
Travelers Managed Income Portfolio		86		119		136		289		26		79		136		289
Van Kampen Enterprise Portfolio		86		121		139		294		26		81		139		294
Van Kampen Life Investment Trust
Emerging Growth Portfolio		87		122		140		296		27		82		140		296
Variable Annuity Portfolios
Smith Barney Small Cap Growth Opportunities Portfolio		88		126		146		310		28		86		146		310
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class		86		121		139		294		26		81		139		294
Variable Insurance Products Fund III
Mid Cap Portfolio — Service Class 2		88		125		145		308		28		85		145		308

CONDENSED FINANCIAL INFORMATION

See Appendices A and B.

THE ANNUITY CONTRACT

Travelers Vintage 3 Variable Annuity is a contract between the contract owner (“you”) and the Company. This is the prospectus — it is not the Contract. The prospectus highlights many contract provisions to focus your attention on the Contract’s essential features. Your rights and obligations under the Contract will be determined by the language of the Contract itself. When you receive your Contract, we suggest you read it promptly and carefully. There may be differences in your Contract because of the requirements of the state where we issued your Contract. We will include any such differences in your Contract.

You make purchase payments to us and we credit them to your Contract. We promise to pay you an income, in the form of annuity payments, beginning on a future date that you choose, the maturity date. The purchase payments accumulate tax deferred in the funding options of your choice. We offer multiple variable funding options, and one Fixed Account option. The contract owner assumes the risk of gain or loss according to the performance of the variable funding options. The contract value is the amount of purchase payments, plus or minus any investment experience on the amounts you allocate to the Separate Account (“Separate Account contract value”) or interest on the amounts you allocate to the Fixed Account (“Fixed Account contract value”). The contract value also reflects all withdrawals made and charges deducted. There is generally no guara ntee that at the maturity date the contract value will equal or exceed the total purchase payments made under the Contract. The date the Contract and its benefits become effective is referred to as the contract date. Each 12-month period following the contract date is called a contract year.

Certain changes and elections must be made in writing to the Company. Where the term “written request” is used, it means that you must send written information to our Home Office in a form and content satisfactory to us.

Contract Owner Inquiries

Any questions you have about your Contract should be directed to our Home Office at 1-800-842-9368.

Purchase Payments

Your initial purchase payment is due and payable before the Contract becomes effective. The initial purchase payment must be at least $5,000. You may make additional payments of at least $500 at any time. No additional payments are allowed if this Contract is purchased with a beneficiary-directed transfer of death benefit proceeds. Under certain circumstances, we may waive the minimum purchase payment requirement. Purchase payments over $1,000,000 may be made only with our prior consent.

We will apply the initial purchase payment less any applicable premium tax (net purchase payment) within two business days after we receive it in good order at our Home Office. We will credit subsequent purchase payments to a Contract on the same business day we receive it, if it is received in good order by our Home Office by 4:00 p.m. Eastern time. A business day is any day that the New York Stock Exchange is open for regular trading (except when trading is restricted due to an emergency as defined by the Securities and Exchange Commission).

Accumulation Units

The period between the contract date and the maturity date is the accumulation period. During the accumulation period, an accumulation unit is used to calculate the value of a Contract. An accumulation unit works like a share of a mutual fund. Each funding option has a corresponding accumulation unit value. The accumulation units are valued each business day and their values may increase or decrease from day to day. The number of accumulation units we will credit to your Contract once we receive a purchase payment is determined by dividing the amount directed to each funding option by the value of its accumulation unit. We calculate the value of an accumulation unit for each funding option each day the New York Stock Exchange is open. The values are calculated as of 4:00 p.m. Eastern time. After the value is calculated, we credit your Contract. During the annuity period (i.e., after the maturity date), you are credited with annuity units.

The Variable Funding Options

You choose the variable funding options to which you allocate your purchase payments. These variable funding options are subaccounts of the Separate Account. The subaccounts invest in the underlying funds. You are not investing directly in the underlying fund. Each underlying fund is a portfolio of an open-end management investment company that is registered with the SEC under the Investment Company Act of 1940. These underlying funds are not publicly traded and are offered only through variable annuity and variable life insurance products. They are not the same retail mutual funds as those offered outside of a variable annuity or variable life insurance product, although the investment practices and fund names may be similar, and the portfolio managers may be identical. Accordingly, the performance of the retail mutual fund is likely to be different from that of the underlying fund, and contract owners should not compare the two.

You will find detailed information about the funds and their inherent risks in the current fund prospectuses for the underlying funds that must accompany this prospectus. Since each option has varying degrees of risk, please read the prospectuses carefully before investing. There is no assurance that any of the underlying funds will meet its investment objectives. Contact your registered representative or call 1-800-842-8573 to request additional copies of the prospectuses.

If any of the underlying funds become unavailable for allocating purchase payments, or if we believe that further investment in an underlying fund is inappropriate for the purposes of the Contract, we may substitute another funding option. However, we will not make any substitutions without notifying you and obtaining any state and SEC approval, if necessary. From time to time we may make new funding options available.

The current variable funding options are listed below, along with their investment advisers and any subadviser:

Funding Option	Investment Objective	Investment Adviser/Subadviser
AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund	Seeks to achieve long-term growth of capital by investing primarily in equity securities of undervalued companies. Income is a secondary objective.	AIM Advisers, Inc.
Alliance Variable Product Series Fund, Inc.
Growth & Income Portfolio – Class B	Seeks to achieve reasonable current income and reasonable opportunity for appreciation through invesments primarily in dividend-paying common stocks of good quality.	Alliance Capital Management
Premier Growth Portfolio — Class B	Seeks long-term growth of capital by investing primarily in equity securities of a limited number of large, carefully selected, high quality U.S. companies that are judged likely to achieve superior earning momentum.	Alliance Capital Management
American Variable Insurance Series
Global Growth Fund — Class 2	Seeks capital appreciation by investing primarily in common stocks of companies located around the world.	Capital Research and Management Company
Growth Fund — Class 2	Seeks capital appreciation by investing primarily in common stocks of companies that appear to offer superior opportunities for growth and capital.	Capital Research and Management Company
Growth-Income Fund — Class 2	Seeks capital appreciation and income by investing primarily in common stocks or other securities which demonstrate the potential for appreciation and/or dividends.	Capital Research and Management Company
Franklin Templeton Variable Insurance Products Trust
Franklin Small Cap Fund — Class 2	Seeks long-term capital growth. Under normal conditions, the Fund will at least 80% of its net assets in investments of small capitalization (small cap) companies.	Franklin Advisers, Inc.
Mutual Shares Securities Fund — Class 2	Seeks capital appreciation. Its secondary goal is income. Under normal market conditions, the Fund will invest at least 65% of its total assets in equity securities of companies that the manager believes are available at market prices less than their value based on certain recognized or objective criteria.	Franklin Mutual Advisers, LLC
Templeton Foreign Securities Fund — Class 2	Seeks long-term capital growth. The Fund will invest at least 80% of its net assets in foreign securities, including emerging markets.	Templeton Investment Counsel, Inc.
Greenwich Street Series Fund
Appreciation Portfolio	Seeks long term appreciation.	Smith Barney Fund Management LLC (“SBFM”)
Diversified Strategic Income Portfolio	High current income.	SBFM Subadviser: Smith Barney Global Capital Management, Inc.
Equity Index Portfolio — Class II Shares	Seeks investment results that, before expenses, correspond to the price and yield performance of the S&P 500 Index. The Fund will hold substantially all of the stocks in the S&P 500 Index, with comparable economic sector weightings, market capitalization and liquidity.	Travelers Investment Management Co. (“TIMCO”)

Funding Option	Investment Objective	Investment Adviser/Subadviser
Fundamental Value Portfolio	Seeks long term capital growth with current income as a secondary objective.	SBFM
Janus Aspen Series
Aggressive Growth Portfolio — Service Shares	Seeks long-term capital growth by investing primarily in common stocks selected for their growth potential, normally investing at least 50% of its equity assets in medium-sized companies.	Janus Capital
PIMCO Variable Insurance Trust
Total Return Portfolio — Administrative Class	Seeks maximum total return, consistent with preservation of capital and prudent investment management, by investing under normal circumstances at least 65% of its assets in a diversified portfolio of Fixed Income instruments of varying maturities.	Pacific Investment Management Company LLC
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares	Seeks capital appreciation by investing mostly in common stocks of companies outside the United States.	Putnam Investment Management, Inc. (“Putnam”)
Putnam VT Small Cap Value Fund — Class IB Shares	Seeks capital appreciation by investing mainly in common stocks of U.S. companies with a focus on value stocks.	Putnam
Putnam VT Voyager II Fund — Class IB Shares	Seeks capital appreciation by investing mainly in common stocks of U.S. companies with a focus on growth stocks.	Putnam
Salomon Brothers Variable Series Fund, Inc.
Capital Fund	Seeks capital appreciation, primarily through investments in common stocks which are believed to have above-average price appreciation potential and which may involve above average risk.	Salomon Brothers Asset Management (“SBAM”)
Investors Fund	Seeks long-term growth of capital, and, secondarily, current income, through investments in common stocks of well-known companies.	SBAM
Small Cap Growth Fund	Seeks long-term growth of capital by investing under normal circumstances at least 80% of its assets in equity securities of companies with market capitalizations similar to that of companies included in the Russell 2000 Growth Index.	SBAM
Smith Barney Investment Series
Smith Barney Large Cap Core Portfolio	Capital appreciation.	SBFM
Premier Selections All Cap Growth Portfolio	Seeks long-term growth of capital.	SBFM
The Travelers Series Trust
Equity Income Portfolio	Seeks reasonable income by investing at least 80% in equity securities. The Fund normally invests primarily in income producing securities. The balance may be invested in all types of domestic and foreign securities, including bonds. The Subadviser also considers the potential for capital appreciation.	TAMI Subadviser: Fidelity Management & Research Co (“FMR”)
Large Cap Portfolio	Seeks long-term growth of capital by investing primarily in equity securities of companies with large market capitalizations.	TAMIC Subadviser: FMR

Funding Option	Investment Objective	Investment Adviser/Subadviser
MFS Emerging Growth Portfolio	Seeks to provide long-term growth of capital. Dividend and interest income from portfolio securities, if any, is incidental to the MFS Portfolio’s investment objective.	TAMIC Subadviser: Massachusetts Financial Services (“MFS”)
MFS Research Portfolio	Seeks to provide long-term growth of capital and future income.	TAMIC Subadviser: MFS
Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio	Capital appreciation.	Travelers Investment Adviser (“TIA”) Subadviser: AIM Capital Management Inc.
Alliance Growth Portfolio	Long-term growth of capital.	TIA Subadviser: Alliance Capital Management L.P.
MFS Total Return Portfolio	(a balanced portfolio) Seeks to obtain above-average income (compared to a portfolio entirely invested in equity securities) consistent with the prudent employment of capital. Growth of capital and income is a secondary objective.	TIA Subadviser: MFS
Smith Barney Aggressive Growth Portfolio	Long-term capital appreciation.	SBFM
Smith Barney High Income Portfolio	Seeks high current income. Capital appreciation is a secondary objective.	SBFM
Smith Barney International All Cap Growth Portfolio	Seeks total return on assets from growth of capital and income.	SBFM
Smith Barney Large Capitalization Growth Portfolio	Seeks long-term growth of capital.	SBFM
Smith Barney Large Cap Value Portfolio	Seeks current income and long-term growth of income and capital.	SBFM
Smith Barney Mid Cap Core Portfolio	Seeks long-term growth of capital.	SBFM
Smith Barney Money Market Portfolio	Seeks maximum current income and preservation of capital. The Fund seeks to maintain a stable $1 share price.	SBFM
Travelers Managed Income Portfolio	Seeks high current income consistent with prudent risk of capital.	TAMIC
Van Kampen Enterprise Portfolio	Seeks capital appreciation through investment in securities believed to have above-average potential for capital appreciation. Any income received on such securities is incidental to the objective of capital appreciation.	TIA Subadviser: Van Kampen Asset Management Inc. (“VKAM”)
Van Kampen Life Investment Trust
Emerging Growth Portfolio — Class I	Seeks capital appreciation by investing primarily in common stocks.	VKAM
Variable Annuity Portfolios
Smith Barney Small Cap Growth Opportunities Portfolio	Seeks long-term capital growth by investing in equity securities of U.S. companies with market capitalizations below the top 1,000 stocks of the equity market. Under normal circumstances, at least 65% of the fund’s total assets will be invested in such companies. Dividend income, if any, is incidental to this investment objective.	Citi Fund Management, Inc.

Funding Option	Investment Objective	Investment Adviser/Subadviser
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class	Seeks long-term capital appreciation by investing primarily in common stocks of companies whose value the adviser believes is not fully recognized by the public.	FMR
Variable Insurance Products Fund III
Mid Cap Portfolio — Service Class 2	Seeks long-term growth of capital and income by investing primarily in income-producing equity securities, including common stocks and convertible securities.	FMR

FIXED ACCOUNT

We offer our Fixed Account as a funding option. Please see Appendix C for more information.

CHARGES AND DEDUCTIONS

General

We deduct the charges described below. The charges are for the service and benefits we provide, costs and expenses we incur, and risks we assume under the Contracts. Services and benefits we provide include:

the ability for you to make withdrawals and surrenders under the Contracts;

the death benefit paid on the death of the contract owner, annuitant, or first of the joint owners,

the available funding options and related programs (including dollar-cost averaging, portfolio rebalancing, and systematic withdrawal programs);

administration of the annuity options available under the Contracts; and

the distribution of various reports to contract owners.

Costs and expenses we incur include:

losses associated with various overhead and other expenses associated with providing the services and benefits provided by the Contracts,

sales and marketing expenses including commission payments to your sales agent, and

other costs of doing business.

Risks we assume include:

that annuitants may live longer than estimated when the annuity factors under the Contracts were established;

that the amount of the death benefit will be greater than the contract value, and

that the costs of providing the services and benefits under the Contracts will exceed the charges deducted.

We may also deduct a charge for taxes.

Unless otherwise specified, charges are deducted proportionately from all funding options in which you are invested.

We may reduce or eliminate the withdrawal charge, the administrative charges and/or the mortality and expense risk charge under the Contract when certain sales or administration of the Contract result in savings or reduced expenses and/or risks. For certain trusts, we may change the order in which purchase payments and earnings are withdrawn in order to determine the withdrawal charge. We will not reduce or eliminate the withdrawal charge or the administrative charge where such reduction or elimination would be unfairly discriminatory to any person.

The amount of a charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designated charge. For example, the withdrawal charge we collect may not fully cover all of the sales and distribution expenses we actually incur. The amount of any fee or charge is not impacted by an outstanding loan. We may also profit on one or more of the charges. We may use any such profits for any corporate purpose, including the payment of sales expenses.

Withdrawal Charge

We do not deduct a sales charge from purchase payments when they are made to the Contract. However, a withdrawal charge will apply if purchase payments are withdrawn before they have been in the Contract for three years. We will assess the charge as a percentage of the purchase payment withdrawn as follows:

Years Since Purchase Payment Made		Withdrawal Charge
0-1		6%
2		5%
3		4%
4 and over		0%

For purposes of the withdrawal charge calculation, withdrawals are deemed to be taken first from:

	(a)		any purchase payment to which no withdrawal charge applies then;

	(b)		any remaining free withdrawal allowance (as described below) (after being reduced by (a)), then;

	(c)		any remaining purchase payment to which a withdrawal charge applies (on a first-in, first-out basis), then;

	(d)		any Contract earnings.

Unless you instruct us otherwise, we will deduct the withdrawal charge from the amount requested.

We will not deduct a withdrawal charge if purchase payments are distributed:

due to the death of the contract owner or the annuitant (with no contingent annuitant surviving)

if a lifetime annuity payout has begun

under the Managed Distribution Program

you elect annuity payments for a fixed period of at least five years, or

if amounts withdrawn under this Contract are applied to other Contract(s) issued by us or our affiliates (subject to our approval).

Free Withdrawal Allowance

The free withdrawal allowance does not apply to any withdrawals transferred directly to other unaffiliated carriers or financial institutions.

value in the first contract year without incurring a withdrawal charge. (If you have purchase payments no longer subject to a withdrawal charge, the maximum you may withdraw without a withdrawal charge is the greater of (a) the free withdrawal allowance, or (b) the total amount of purchase payments no longer subject to a withdrawal charge. (Note: Any free withdrawal taken will reduce purchase payments no longer subject to a withdrawal charge.) The available free withdrawal amount is 15% of the contract value at the end of the previous contract year.

Transfer Charge

We reserve the right to assess a transfer charge of up to $10.00 on transfers exceeding 12 per year. We will notify you in writing at your last known address at least 31 days before we impose any such transfer charge.

Administrative Charges

There are two administrative charges: the $30 annual contract administrative charge and the administrative expense charge. We will deduct the annual contract administrative charge on the fourth Friday of each August. This charge compensates us for expenses incurred in establishing and maintaining the Contract and we will prorate this charge (i.e. calculate) from the date of purchase. We will also prorate this charge if you surrender your Contract, or if we terminate your Contract. We will not deduct a contract administrative charge:

(1) from the distribution of death proceeds;

(2) after an annuity payout has begun; or

(3) if the contract value on the date of assessment equals or is greater than $40,000.

We deduct the administrative expense charge (sometimes called “sub-account administrative charge”) on each business day from amounts allocated to the variable funding options to compensate the Company for certain related administrative and operating expenses. The charge equals, on an annual basis, 0.15% of the daily net asset value allocated to each of the variable funding options, and is reflected in our accumulation and annuity unit value calculations.

Mortality and Expense Risk Charge

Each business day, we deduct a mortality and expense risk (“M&E”) charge from amounts we hold in the variable funding options. We reflect the deduction in our calculation of accumulation and annuity unit values. The charges stated are the maximum for this product, and are equal to 1.70% annually. We reserve the right to lower this charge at any time. This charge compensates the Company for risks assumed, benefits provided and expenses incurred, including the payment of commissions to your sales agent.

E.S.P. Charge

If the E.S.P. option is selected, a charge is deducted each business day from amounts held in the variable funding options. The charge equals, on an annual basis, 0.20% of the amounts held in each funding option.

Variable Liquidity Benefit Charge

If the Variable Liquidity Benefit is selected, there is a maximum surrender charge of 6% of the amounts withdrawn. Please refer to “The Annuity Period” for a description of this benefit.

Variable Funding Option Expenses

We summarized the charges and expenses of the underlying funds in the fee table. Please review the prospectus for each underlying fund for a more complete description of that fund and its expenses.

Premium Tax

Certain state and local governments charge premium taxes ranging from 0% to 5%, depending upon jurisdiction. We are responsible for paying these taxes and will determine the method used to recover premium tax expenses incurred. We will deduct any applicable premium taxes from your contract value either upon death, surrender, annuitization, or at the time you make purchase payments to the Contract, but no earlier than when we have a tax liability under state law.

Changes in Taxes Based upon Premium or Value

If there is any change in a law assessing taxes against the Company based upon premiums, contract gains or value of the Contract, we reserve the right to charge you proportionately for this tax.

TRANSFERS

Up to 30 days before the maturity date, you may transfer all or part of the contract value between variable funding options. Please note that the contract is not designed to serve as a vehicle for frequent trading in response to short-term fluctuations in the stock market. Therefore, all transfers are subject to the following restrictions:

Excessive Transfers. We reserve the right to restrict transfers if we determine you are engaging in a pattern of transfers that may disadvantage contract owners. In making this determination, we will consider, among other things, the following factors:

the total dollar amount being transferred;

the number of transfers you made within the previous three months;

whether your transfers follow a pattern designed to take advantage of short term market fluctuations; and

whether your transfers are part of a group of transfers made by a third party on behalf of the individual contract owners in the group.

Market Timers. We reserve the right to restrict transfers by any market timing firm or any other third party authorized to initiate transfers on behalf of multiple contract owners. We may, among other things:

reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one owner, or

reject the transfer or exchange instructions of individual owners who have executed pre-authorized transfer forms which are submitted by market timing firms or other third parties on behalf of more than one owner.

Future Modifications. We will continue to monitor the transfer activity occurring among the variable funding options, and may modify these transfer restrictions at any time if we deem it necessary to protect the interest of all contract owners. These modifications may include curtailing or eliminating, without notice, the ability to use the Internet, facsimile or telephone in making transfers.

If, in our sole discretion, we determine you are engaging in activity as described above or similar activity which will potentially hurt the rights or interests of contract owners, we will exercise our contractual right to restrict your number of transfers to one every six months. None of these restrictions are applicable to transfers made under a Dollar Cost Averaging Program, a rebalancing program, or, if applicable, any asset allocation program described in this prospectus.

We will make transfers at the value(s) next determined after we receive your request in good order at our Home Office. After the maturity date, you may make transfers only if allowed by your contract or with our consent. These restrictions are subject to any state law requirements.

There are no charges for transfers, however, we reserve the right to charge a fee for any transfer request which exceeds twelve per year. Since different underlying funds have different expenses, a transfer of contract values from one variable funding option to another could result in your investment becoming subject to higher or lower expenses. Also, you should consider the inherent risks involved in making transfers.

Dollar Cost Averaging

Dollar cost averaging or the pre-authorized transfer program (the "DCA Program") allows you to transfer a set dollar amount to other funding options on a monthly or quarterly basis during the accumulation phase of the Contract. Using this method, you will purchase more accumulation units in a funding option if the value per unit is low and will purchase fewer accumulation units if the value per unit is high. Therefore, you may achieve a lower-than-average cost per unit in the long run if you have the financial ability to continue the program over a long enough period of time. Dollar cost averaging does not assure a profit or protect against a loss.

You may elect the DCA Program through written request or other method acceptable to us. You must have a minimum total contract value of $5,000 to enroll in the DCA Program. The minimum amount that may be transferred through this program is $400.

You may establish pre-authorized transfers of contract values from the Fixed Account, subject to certain restrictions. Under the DCA Program, automated transfers from the Fixed Account may not deplete your Fixed Account Value in less than twelve months from your enrollment in the DCA Program.

In addition to the DCA Program, within the Fixed Account, we may credit increased interest rates to contract owners under an administrative Special DCA Program established at our discretion, depending on availability and state law. Under this program, the contract owner may pre-authorize level transfers to any of the funding options under either a 6 Month, 12 Month or 24 Month Program. The Programs will generally have different credited interest rates. Under each Program, the interest rate can accrue up to the applicable number of months on the remaining amounts in the Special DCA Program and we must transfer all purchase payments and accrued interest on a level basis to the selected funding options in the applicable time period. For example, under the 12 Month Program, the interest rate can accrue up to 12 months on the remaining amounts in the Special DCA Program and we must transfer all purchase payments and accrued interest in this Program on a level basis to the selected funding options in 12 months.

The pre-authorized transfers will begin after the initial Program purchase payment and complete enrollment instructions are received by the Company. If we do not receive complete Program enrollment instructions within 15 days of receipt of the initial Program purchase payment, the entire balance in the Program will be credited with the non-Program interest rate then in effect for the Fixed Account.

You may start or stop participation in the DCA Program at any time, but you must give the Company at least 30 days' notice to change any automated transfer instructions that are currently in place. If you stop the Special DCA Program and elect to remain in the Fixed Account, we will credit your contract value for the remainder of 6 or 12 months with the interest rate for non-Program funds.

You may only have one DCA Program or Special DCA Program in place at one time. We will allocate any subsequent purchase payments we receive within the Program period selected to the current funding options over the remainder of that Program transfer period, unless you direct otherwise.

All provisions and terms of the Contract apply to the DCA and Special DCA Programs, including provisions relating to the transfer of money between funding options. Transfers made under any DCA Program will not be counted for purposes of restrictions we may impose on the number of transfers permitted under the Contract. We reserve the right to suspend or modify transfer privileges at any time and to assess a processing fee for this service.

ACCESS TO YOUR MONEY

Any time before the maturity date, you may redeem all or any portion of the cash surrender value, that is, the contract value less any withdrawal charge, outstanding loans, and any premium tax not previously deducted. Unless you submit a written request specifying the fixed or variable funding option(s) from which we are to withdraw amounts, we will make the withdrawal on a pro rata basis. We will determine the cash surrender value as of the close of business after we receive your surrender request at our Home Office. The cash surrender value may be more or less than the purchase payments you made. You may not make withdrawals during the annuity period.

For amounts allocated to the variable funding options, we may defer payment of any cash surrender value for a period of up to five business days after the written request is received. For amounts allocated to the fixed account, we may defer payment of any cash surrender value for a period up to six months. In either case, it is our intent to pay as soon as possible. We cannot process requests for withdrawals that are not in good order. We will contact you if there is a deficiency causing a delay and will advise what is needed to act upon the withdrawal request.

Systematic Withdrawals

Before the maturity date, you may choose to withdraw a specified dollar amount (at least $100) on a monthly, quarterly, semiannual or annual basis. We will deduct any applicable premium taxes and withdrawal charge. To elect systematic withdrawals, you must have a contract value of at least $15,000 and you must make the election on the form we provide. We will surrender accumulation units pro rata from all funding options in which you have an interest, unless you instruct us otherwise. You may begin or discontinue systematic withdrawals at any time by notifying us in writing, but you must give at least 30 days’ notice to change any systematic withdrawal instructions that are currently in place.

We reserve the right to discontinue offering systematic withdrawals or to assess a processing fee for this service upon 30 days’ written notice to contract owners (where allowed by state law).

Each systematic withdrawal is subject to federal income taxes on the taxable portion. In addition, a 10% federal penalty tax may be assessed on systematic withdrawals if the contract owner is under age 59 1/2. You should consult with your tax adviser regarding the tax consequences of systematic withdrawals.

Managed Distribution Program. Under the systematic withdrawal option, you may choose to participate in the Managed Distribution Program. At no cost to you, you may instruct us to calculate and make minimum distributions that may be required by the IRS upon reaching age 70 1/2. (See “Federal Tax Considerations.”) These payments will not be subject to the withdrawal charge and will be in lieu of the free withdrawal allowance. No Dollar Cost Averaging will be permitted if you are participating in the Managed Distribution Program.

Loans

Loans may be available under your Contract. Loans may only be taken against funds allocated or transferred to the Fixed Account. If available, all loan provisions are described in your Contract or loan agreement.

OWNERSHIP PROVISIONS

Types of Ownership

Contract Owner

Contract Owner (you). The Contract belongs to the contract owner named in the Contract (on the Specifications page), or to any other person to whom you subsequently assign the Contract. You may only make an assignment of ownership or a collateral assignment for nonqualified Contracts. You have sole power during the annuitant’s lifetime to exercise any rights and to receive all benefits given in the Contract provided you have not named an irrevocable beneficiary and provided you have not assigned the Contract.

You receive all payments while the annuitant is alive unless you direct them to an alternate recipient. An alternate recipient does not become the contract owner.

If this Contract is purchased by a beneficiary of another contract who directly transferred the death proceeds due under that contract, he/she will be granted the same rights the owner has under the Contract except that he/she cannot transfer ownership, take a loan or make additional purchase payments.

Joint Owner. For nonqualified Contracts only, you may name joint owners (e.g., spouses) in a written request before the Contract is in effect. Joint owners may independently exercise transfers allowed under the Contract. All other rights of ownership must be exercised by both owners. Joint owners own equal shares of any benefits accruing or payments made to them.

Beneficiary

You name the beneficiary in a written request. The beneficiary has the right to receive any death benefit proceeds remaining under the Contract upon the death of the annuitant or the contract owner. If more than one beneficiary survives the annuitant or contract owner, they will share equally in benefits unless you recorded different shares with the Company by written request before the death of the annuitant or contract owner. In the case of a non-spousal beneficiary or a spousal beneficiary who has not chosen to assume the Contract, we will not transfer or otherwise remove the death benefit proceeds from either the variable funding options or the Fixed Account, as most recently elected by the contract owner, until the death report date.

Unless you have named an irrevocable beneficiary you have the right to change any beneficiary by written request during the lifetime of the annuitant and while the Contract continues.

Annuitant

The annuitant is designated in the Contract (on the Specifications page), and is the individual on whose life the maturity date and the amount of the monthly annuity payments depend. You may not change the annuitant after your Contract is in effect.

Contingent Annuitant

You may name one individual as a contingent annuitant. A contingent annuitant may not be changed, deleted or added to the Contract after the contract date. If the annuitant who is not the owner dies prior to the maturity date, and the contingent annuitant is still living;

the death benefit will not be payable upon the annuitant’s death

the contingent annuitant becomes the annuitant

all other rights and benefits will continue in effect

When a contingent annuitant becomes the annuitant, the maturity date remains the same as previously in effect.

If the annuitant is also the owner, a death benefit is paid to the beneficiary regardless of whether or not there is a contingent annuitant.

DEATH BENEFIT

Before the maturity date, generally, a death benefit is payable when either the annuitant or a contract owner dies. We calculate the death benefit at the close of the business day on which our Home Office receives (1) due proof of death and (2) written payment instructions or election of spousal contract continuance or beneficiary contract continuance (“death report date”).

We must be notified of the annuitant’s death no later than six months from the date of death in order to pay the death proceeds as described under “Death Proceeds Before the Maturity Date.” If we are notified more than six months after the death, we will pay death proceeds equal to the contract value on the death report date, less any applicable premium tax, prior withdrawals and/or outstanding loans.

Note: If the owner dies before the annuitant, the death benefit is recalculated, replacing all references to “annuitant” with “owner.”

Death Proceeds Before the Maturity Date

Annual Step-Up Death Benefit

The death benefit will be the greatest of:		the contract value
		the total purchase payments made under this
		Contract; or
		the Step-Up Value, if any, as described below

Step-Up Value

A Step-Up Value will be established on each contract date anniversary. The Step-Up Value will initially equal the contract value on that anniversary. Whenever you make an additional purchase payment, we will increase the Step-Up Value by the amount of that purchase payment. Whenever you make a withdrawal, we will reduce the Step-Up Value by a partial surrender reduction as described below. On each contract date anniversary that occurs before the annuitant’s 80th birthday and before the annuitant’s death, if the contract value is greater than the Step-Up Value, we will reset the Step-Up Value to equal the contract value on that date. If the Step-Up Value is greater than the contract value, the Step-Up Value will remain unchanged. We will not reduce the Step-Up Value on these anniversary recalculations (provided no withdrawals or surrenders are made on that day). The only changes made to the Step-Up Value on or after the annuitant’s 80th birthday will be those related to additional purchase payments or withdrawals as described below. If the death report date is before the first contract date anniversary, there is no Step-Up Value.

Partial Surrender Reduction If you make a withdrawal, we will reduce the Step-Up Value by a partial surrender reduction which equals (1) the step-up value in effect immediately before the reduction for withdrawal, multiplied by (2) the amount of the withdrawal, divided by (3) the contract value before the withdrawal.

For example, assume your current contract value is $55,000. If your current Step-Up Value is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the Step-Up Value as follows:

50,000 x (10,000/55,000) = 9,090

Your new Step-Up Value would be 50,000-9,090, or $40,910.

The following example shows what would happen in a declining market. Assume your current contract value is $30,000. If your current Step-Up Value is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the Step-Up Value as follows:

50,000 x (10,000/30,000) = 16,666

Your new Step-Up Value would be 50,000-16,666, or $33,334.

Enhanced Stepped-Up Provision (“E.S.P.”). (This provision is not available to a customer when either the annuitant or owner is age 76 or older on the rider effective date.)

The rider effective date is the date the rider is attached to and made a part of the Contract. If you have selected the E.S.P., the total death benefit as of the death report date will equal the death benefit described above plus the greater of zero or the following amount:

If the annuitant is younger than age 70 on the rider effective date, 40% of the lesser of: (1) 200% of the modified purchase payments excluding purchase payments that are both received after the first rider effective date anniversary and within 12 months of the death report date, or (2) your contract value minus the modified purchase payments, calculated as of the death report date; or

If the annuitant is between the ages of 70 and 75 on the rider effective date, 25% of the lesser of: (1) 200% of the modified purchase payments excluding purchase payments that are both received after the first rider effective date anniversary and within 12 months of the death report date, or (2) your contract value minus the modified purchase payments, calculated as of the death report date.

The initial modified purchase payment is equal to the contract value as of the rider effective date. Whenever a purchase payment is made after the rider effective date, the modified purchase payment(s) are increased by the amount of the purchase payment. Whenever a partial surrender is taken after the rider effective date, the modified purchase payment(s) are reduced by a partial surrender reduction as described below.

The partial surrender reduction is equal to: (1) the modified purchase payment(s) in effect immediately prior to the reduction for the partial surrender, multiplied by (2) the amount of the partial surrender divided by (3) the contract value immediately prior to the partial surrender.

For example, assume your current modified purchase payment is $50,000 and that your current contract value is $55,000. You decide to make a withdrawal of $10,000. We would reduce the modified purchase payment as follows:

50,000 X (10,000/55,000) = 9,090

You new modified purchase payment would be $50,000 - $9,090 = 40,910

The following example shows what would happen in a declining market. Assume your current contract value is $30,000. If your current modified purchase payment is $50,000 and you decide to make a withdrawal of $10,000, we would reduce the modified purchase payment as follows:

50,000 X (10,000/30,000) = 16,666

Your new modified purchase payment would be 50,000 - 16,666 = $33,334

Payment of Proceeds

We describe the process of paying death benefit proceeds before the maturity date in the charts below. The charts do not encompass every situation and are merely intended as a general guide. More detailed information is provided in your Contract. Generally, the person(s) receiving the benefit may request that the proceeds be paid in a lump sum, or be applied to one of the settlement options available under the Contract.

Nonqualified Contracts

*Before the Maturity Date,* upon the Death of the	The Company Will Pay the Proceeds to:	unless. . .	Mandatory Payout Rules Apply*
Owner (who is not the annuitant) (with no joint owner)	The beneficiary (ies), or if none, to the contract owner’s estate.	Unless, the beneficiary elects to continue the contract rather than receive the distribution.	Yes

*Owner (who is the annuitant) (with no joint owner)*	The beneficiary (ies), or if none, to the contract owner’s estate.	Unless, the beneficiary elects to continue the contract rather than receive the distribution.	Yes

Non-Spousal Joint Owner (who is not the annuitant)	The surviving joint owner.		Yes

Non-Spousal Joint Owner (who is the annuitant)	The beneficiary (ies), or if none, to the surviving joint owner.	Unless the beneficiary elects to continue the contract.	Yes

Spousal Joint Owner (who is not the annuitant)	The surviving joint owner.	Unless the spouse elects to continue the contract.	Yes

Non-Spousal Joint Owner (who is the annuitant)	The beneficiary (ies), or if none, to the surviving joint owner.	Unless the spouse elects to continue the contract. A spouse who is not the beneficiary may decline to receive the proceeds or to continue the contract and instruct the company to pay the beneficiary.	Yes

Annuitant (who is not the contract owner)	The beneficiary (ies), or if none, to the contract owner	Unless, where there is no contingent annuitant, the beneficiary elects to continue the contract rather than receive the distribution. Or unless, there is a contingent annuitant. Then, the contingent annuitant becomes the annuitant and the contract continues in effect (generally using the original maturity date). The proceeds will then be paid upon the death of the contingent annuitant or owner.	Yes

Annuitant (who is the contract owner)	See death of “owner who is the annuitant” above.		Yes

*Before the Maturity Date,* upon the Death of the	The Company Will Pay the Proceeds to:	unless. . .	Mandatory Payout Rules Apply*
Annuitant (where owner is a nonnatural person/trust)	The beneficiary (ies) (e.g. the trust) or if none, to the owner.		Yes (Death of annuitant is treated as death of the owner in these circumstances.)

Contingent Annuitant (assuming annuitant is still alive)	No death proceeds are payable; contract continues.		N/A

Beneficiary	No death proceeds are payable; contract continues.		N/A

Contingent Beneficiary	No death proceeds are payable; contract continues.		N/A

______________

Certain payout rules of the Internal Revenue Code (IRC) are triggered upon the death of any Owner. Non-spousal beneficiaries (as well as spousal beneficiaries who choose not to assume the Contract) must begin taking distributions based on the beneficiary’s life expectancy within one year of death or take a complete distribution of Contract proceeds within 5 years of death. If mandatory distributions have begun, the 5 year payout option is not available.

Spousal Contract Continuance (Subject to Availability- Does Not Apply if a Non-Spouse is a Joint Owner)

Within one year of your death, if your spouse is named as an owner and/or beneficiary, and you die before the maturity date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. If you were the annuitant and your spouse elects to continue the Contract, your spouse will be named the annuitant as of the death report date.

If your spouse elects to continue the Contract as contract owner, the death benefit will be calculated as of the death report date. If the contract value is less than the calculated death benefit, the contract value will be increased to equal the death benefit. This amount is referred to as the adjusted contract value. Any difference between the contract value and the adjusted contract value will be allocated to the funding options in the same proportion as the allocations of the Contract prior to the death report date.

Any premium paid before the death report date is no longer subject to a withdrawal charge if your spouse elects to continue the Contract. Purchase payments made to the Contract after the death report date will be subject to the withdrawal charge. All other Contract fees and charges applicable to the original Contract will also apply to the continued Contract. All other benefits and features of your Contract will be based on your spouse's age on the death report date as if your spouse had purchased the Contract with the adjusted contract value on the death report date. This spousal contract continuance is available only once for each Contract.

Qualified Contracts

*Before the Maturity Date,* upon the Death of the	The Company Will Pay the Proceeds to:	unless. . .	Mandatory Payout Rules Apply*
**Owner / Annuitant**	The beneficiary (ies), or if none, to the contract owner’s estate.	Unless the beneficiary elects to continue the contract rather than receive the distribution.	Yes

*Beneficiary*	No death proceeds are payable; contract continues.		N/A

*Contingent Beneficiary*	No death proceeds are payable; contract continues.		N/A

Beneficiary Contract Continuance (Not permitted for non-natural beneficiaries)

If you die before the maturity date, and if the value of any beneficiary's portion of the death benefit is between $20,000 and $1,000,000 as of the death report date, (more than $1,000,000 is subject to home office approval), your beneficiary(s) may elect to continue his/her portion of the Contract subject to applicable Internal Revenue Code distribution requirements, rather than receive the death benefit in a lump sum.

If your beneficiary elects to continue the Contract as a contract owner, the death benefit will be calculated as of the death report date. The initial contract value of the continued contract (the "adjusted contract value") will equal the greater of the contract value or the death benefit calculated on the death report date and will be allocated to the funding options in the same proportion as prior to the death report date.

The beneficiary who continues the Contract will be granted the same rights as the owner under the original Contract, except the beneficiary cannot:

transfer ownership

take a loan

make additional purchase payments

The beneficiary may also name his/her own beneficiary ("succeeding beneficiary") and has the right to take withdrawals at any time after the death report date without a withdrawal charge. All other fees and charges applicable to the original contract will also apply to the continued contract. All benefits and features of the continued contract will be based on the beneficiary's age on the death report date as if the beneficiary had purchased the Contract with the adjusted contract value on the death report date

Planned Death Benefit

You may request that rather than receive a lump-sum death benefit, the beneficiary(ies) receive all or a portion of the death benefit proceeds either:

through an annuity for life or a period that does not exceed the beneficiary's life expectancy; or

under the terms of the Beneficiary Continuance provision described above. If the Beneficiary Continuance provision is selected, no surrenders will be allowed other than payments meant to satisfy minimum distribution amounts or systematic withdrawal amounts, if greater.

You must make the planned death benefit request as well as any revocation of this request in writing. Upon your death, your beneficiary(s) cannot revoke or modify this request. If the death benefit at the time we receive due proof of death is less than $2,000, we will only pay a lump sum to the beneficiary. If periodic payments due under the planned death benefit election are less than $100, we reserve the right to make annuity payments at less frequent intervals, resulting in a payment of at least $100 per year. If no beneficiary is alive when death benefits become payable, we will pay the death benefit as provided in your Contract.

Death Proceeds after the Maturity Date

If any contract owner or the annuitant dies on or after the maturity date, the Company will pay the beneficiary a death benefit consisting of any benefit remaining under the annuity or income option then in effect.

THE ANNUITY PERIOD

Maturity Date

Under the Contract, you can receive regular income payments (annuity payments). You can choose the month and the year in which those payments begin (maturity date). You can also choose among income payouts (annuity options) or elect a lump sum distribution. While the annuitant is alive, you can change your selection any time up to the maturity date. Annuity payments will begin on the maturity date stated in the Contract unless (1) you fully surrendered the Contract; (2) we paid the proceeds to the beneficiary before that date; or (3) you elected another date. Annuity payments are a series of periodic payments (a) for life; (b) for life with either a minimum number of payments or a specific amount assured; (c) for the joint lifetime of the annuitant and another person, and thereafter during the lifetime of the survivor; or (d) for a fixed amount or fixed period. We may require proof that the annuitant is alive before we make annuity payments. Not all options may be available in all states.

You may choose to annuitize at any time after you purchase your Contract. Unless you elect otherwise, the maturity date will be the annuitant’s 95th birthday or ten years after the effective date of the Contract, if later.

At least 30 days before the original maturity date, you may elect to extend the maturity date to any time prior to the annuitant’s 95th birthday or to a later date with our consent. You may use certain annuity options taken at the maturity date to meet the minimum required distribution requirements of federal tax law, or you may use a program of withdrawals instead. These mandatory distribution requirements take effect generally upon the death of the contract owner, or with certain qualified Contracts upon either the later of the contract owner’s attainment of age 70 1/2 or year of retirement; or the death of the contract owner. You should seek independent tax advice regarding the election of minimum required distributions.

Allocation of Annuity

You may elect to receive your annuity payments in the form of a variable annuity, a fixed annuity, or a combination of both. If, at the time annuity payments begin, you have not made an election, we will apply your cash surrender value to provide an annuity funded by the same funding options as you have selected during the accumulation period. At least 30 days before the maturity date, you may transfer the contract value among the funding options in order to change the basis on which we will determine annuity payments. (See “Transfers.”)

Variable Annuity

You may choose an annuity payout that fluctuates depending on the investment experience of the variable funding options. We determine the number of annuity units credited to the Contract by dividing the first monthly annuity payment attributable to each variable funding option by the corresponding accumulation unit value as of 14 days before the date annuity payments begin. We use an annuity unit to measure the dollar value of an annuity payment. The number of annuity units (but not their value) remains fixed during the annuity period.

Determination of First Annuity Payment. Your Contract contains the tables we use to determine your first monthly annuity payment. If you elect a variable annuity, the amount we apply to it will be the cash surrender value as of 14 days before the date annuity payments begin, less any applicable premium taxes not previously deducted.

The amount of your first monthly payment depends on the annuity option you elected and the annuitant’s adjusted age. Your Contract contains the formula for determining the adjusted age. We determine the total first monthly annuity payment by multiplying the benefit per $1,000 of value shown in the Contract tables (or, if they would produce a larger payment, the tables then in effect on the maturity date) by the number of thousands of dollars of contract value you apply to that annuity option. The contract tables factor in an assumed daily net investment factor. We call this your net investment rate. For example, a net investment rate of 3% corresponds to an annual interest rate of 3%. This means that if the annualized investment performance, after expenses, of your variable funding options is less than 3%, then the dollar amount of your variable annuity payments will decrease. However, if the annualized investment performa nce, after expenses, of your variable funding options is greater than 3%, then the dollar amount of your variable annuity payments will increase.

Determination of Second and Subsequent Annuity Payments. The dollar amount of all subsequent annuity payments changes from month to month based on the investment experience of the applicable funding options. The total amount of each annuity payment will equal the sum of the basic payments in each funding option. We determine the actual amounts of these payments by multiplying the number of annuity units we credited to each funding option by the corresponding annuity unit value as of the date 14 days before the date the payment is due.

Fixed Annuity

You may choose a fixed annuity that provides payments which do not vary during the annuity period. We will calculate the dollar amount of the first fixed annuity payment as described under “Variable Annuity,” except that the amount we apply to begin the annuity will be your cash surrender value as of the date annuity payments begin. Payout rates will not be lower than that shown in the Contract. If it would produce a larger payment, the first fixed annuity payment will be determined using the Life Annuity Tables in effect on the maturity date.

PAYMENT OPTIONS

Election of Options

While the annuitant is alive, you can change your annuity option selection any time up to the maturity date. Once annuity payments have begun, no further elections are allowed.

During the annuitant’s lifetime, if you do not elect otherwise before the maturity date, we will pay you (or another designated payee) the first of a series of monthly annuity payments based on the life of the annuitant, in accordance with Annuity Option 2 (Life Annuity with 120 monthly payments assured). For certain qualified contracts, Annuity Option 4 (Joint and Last Survivor Life Annuity — Annuity Reduced on Death of Primary Payee) will be the automatic option as described in the Contract.

The minimum amount that can be placed under an annuity option will be $2,000 unless we agree to a lesser amount. If any monthly periodic payment due is less than $100, the Company reserves the right to make payments at less frequent intervals, or to pay the contract value in a lump-sum.

On the maturity date, we will pay the amount due under the Contract in accordance with the payment option that you select. You may choose to receive a single lump-sum payment. You must elect an option in writing, in a form satisfactory to the Company. Any election made during the lifetime of the annuitant must be made by the contract owner.

Annuity Options

Subject to the conditions described in “Election of Options” above, we may pay all or any part of the cash surrender value under one or more of the following annuity options. Payments under the annuity options are generally made on a monthly basis. We may offer additional options. Options 1 through 4 are available for both fixed and/or variable annuities. Option 5 is only available for fixed annuities.

Option 1 — Life Annuity — No Refund. The Company will make annuity payments during the lifetime of the annuitant ending with the last payment before death. This option offers the maximum periodic payment, since there is no assurance of a minimum number of payments or provision for a death benefit for beneficiaries.

Option 2 — Life Annuity with 120, 180 or 240 Monthly Payments Assured. The Company will make monthly annuity payments during the lifetime of the annuitant, with the agreement that if, at the death of that person, payments have been made for less than 120, 180 or 240 months, as elected, we will continue making payments to the beneficiary during the remainder of the period.

Option 3 — Joint and Last Survivor Life Annuity — No Refund. The Company will make regular annuity payments during the lifetime of the annuitant and a second person. When either person dies, we will continue making payments to the survivor. No further payments will be made following the death of the survivor.

Option 4 — Joint and Last Survivor Life Annuity — Annuity Reduced on Death of Primary Payee. The Company will make annuity payments during the lifetimes of the annuitant and a second person. You will designate one as primary payee, and the other will be designated as secondary payee. On the death of the secondary payee, the Company will continue to make monthly annuity payments to the primary payee in the same amount that would have been payable during the joint lifetime of the two persons. On the death of the primary payee, the Company will continue to make annuity payments to the secondary payee in an amount equal to 50% of the payments, which would have been made during the lifetime of the primary payee. No further payments will be made once both payees have died.

Option 5 — Payments for a Fixed Period or Fixed Amount. (Fixed Account only). We will make periodic payments for the period selected.

Option 6 – Other Annuity Options – We will make any other arrangements for annuity payments as may be mutually agreed upon.

Variable Liquidity Benefit

This benefit is only offered with Variable Annuity Options (as described in the Settlement Provisions of the Contract) for Fixed Period Option only payments, without Life Contingency.

At any time after annuitization and before death, the contract owner may surrender and receive a payment equal to (A) minus (B), where (A) equals the present value of remaining certain payments, and (B) equals a surrender charge not to exceed the maximum surrender charge rate shown on the specifications page of the contract multiplied by (A). The interest rate used to calculate the present value is the Assumed (Daily) Net Investment Factor used to calculate the annuity payments. The remaining period certain payments are assumed to be level payments equal to the most recent period certain payment prior to the request for this liquidity benefit.

MISCELLANEOUS CONTRACT PROVISIONS

Right to Return

You may return the Contract for a full refund of the contract value plus any contract charges and premium taxes you paid (but not any fees and charges the underlying fund assessed) within ten days after you receive it (the “right to return period”). You bear the investment risk of investing in the variable funding options during the right to return period; therefore, the contract value we return may be greater or less than your purchase payment.

If you purchase the Contract as an Individual Retirement Annuity, and return it within the first seven days after delivery, we will refund your purchase payment in full; during the remainder of the right to return period, we will refund the contract value (including charges).

We will determine the contract value following the close of the business day on which we receive your Contract and a written request for a refund. Where state law requires a longer period, or the return of purchase payments or other variations of this provision, we will comply. Refer to your Contract for any state-specific information.

Termination

You do not need to make any purchase payments after the first to keep the Contract in effect. However, we reserve the right to terminate the Contract on any business day if your contract value as of that date is less than $2,000 and you have not made purchase payments for at least two years, unless otherwise specified by state law. Termination will not occur until 31 days after we have mailed notice of termination to your last known address and to any assignee of record. If we terminate the Contract, we will pay you the cash surrender value less any applicable taxes.

Required Reports

As often as required by law, but at least once in each contract year before the due date of the first annuity payment, we will furnish a report showing the number of accumulation units credited to the Contract and the corresponding accumulation unit value(s) as of the report date for each funding option to which the contract owner has allocated amounts during the applicable period. The Company will keep all records required under federal and state laws.

Suspension of Payments

The Company reserves the right to suspend or postpone the date of any payment or determination of values on any business day (1) when the New York Stock Exchange (“the Exchange”) is closed; (2) when trading on the Exchange is restricted; (3) when an emergency exists as determined by the SEC so that the sale of securities held in the Separate Account may not reasonably occur or so that the Company may not reasonably determine the value the Separate Account’s net assets; or (4) during any other period when the SEC, by order, so permits for the protection of security holders. Payments from the Fixed Account may be delayed up to 6 months.

THE SEPARATE ACCOUNTS

The Travelers Insurance Company and the Travelers Life and Annuity Company each sponsor separate accounts: Separate Account Nine and Separate Account Ten, respectively. Both Separate Account Nine and Separate Account Ten were established on June 18, 1999 and are registered with the SEC as unit investment trusts (separate account) under the Investment Company Act of 1940, as amended. We will invest Separate Account assets attributable to the Contracts exclusively in the shares of the variable funding options.

We hold the assets of Separate Account Nine and Separate Account Ten for the exclusive and separate benefit of the owners of each separate account, according to the laws of Connecticut. Income, gains and losses, whether or not realized, from assets allocated to the Separate Account are, in accordance with the Contracts, credited to or charged against the Separate Account without regard to other income, gains and losses of the Company. The assets held by the Separate Account are not chargeable with liabilities arising out of any other business that we may conduct. Obligations under the Contract are obligations of the Company.

All investment income and other distributions of the funding options are payable to the Separate Account. We reinvest all such income and/or distributions in shares of the respective funding option at net asset value. Shares of the funding options are currently sold only to life insurance company separate accounts to fund variable annuity and variable life insurance contracts.

Certain variable annuity separate accounts and variable life insurance separate accounts may invest in the funding options simultaneously (called “mixed” and “shared” funding). It is conceivable that in the future it may be disadvantageous to do so. Although the Company and the variable funding options do not currently foresee any such disadvantages either to variable annuity contract owners or variable life policy owners, each variable funding option’s Board of Directors intends to monitor events in order to identify any material conflicts between them and to determine what action, if any, should be taken. If a Board of Directors was to conclude that separate funds should be established for variable life and variable annuity separate accounts, the variable annuity contract owners would not bear any of the related expenses, but variable annuity contract owners and variable life insurance policy owne rs would no longer have the economies of scale resulting from a larger combined fund.

Performance Information

From time to time, we may advertise several types of historical performance for the Contract’s variable funding options. We may advertise the “standardized average annual total returns” of the variable funding option, calculated in a manner prescribed by the SEC, and the “nonstandardized total return,” as described below. Specific examples of the performance information appear in the SAI.

during each period (on a pro rata basis in the case of fractional periods). We convert the deduction for the annual contract administrative charge to a percentage of assets based on the actual fee collected, divided by the average net assets for Contracts sold. Each quotation assumes a total redemption at the end of each period with the applicable withdrawal charge deducted at that time.

Nonstandardized Method. We calculate nonstandardized “total returns” in a similar manner based on the performance of the funding options over a period of time, usually for the calendar year-to-date, and for the past one-, three-, five- and ten-year periods. Nonstandardized total returns will not reflect the deduction of the annual contract administrative charge, which, if reflected, would decrease the level of performance shown. These returns also do not reflect the withdrawal charge because we designed the Contract for long-term investment.

For underlying funds that were in existence before they became available as a funding option, the nonstandardized average annual total return quotations reflects the investment performance that such funding options would have achieved (reduced by the applicable charges) had the underlying fund been held under the Contract for the period quoted. The total return quotations are based upon historical earnings and are not necessarily representative of future performance.

General. Within the guidelines prescribed by the SEC and the National Association of Securities Dealers, Inc. (“NASD”), performance information may be quoted numerically or may be presented in a table, graph or other illustration. Advertisements may include data comparing performance to well-known indices of market performance (including, but not limited to, the Dow Jones Industrial Average, the Standard & Poor’s (S&P) 500 Index, the S&P 400 Index, the Lehman Brothers Long T-Bond Index, the Russell 1000, 2000 and 3000 Indices, the Value Line Index, and the Morgan Stanley Capital International’s EAFE Index). Advertisements may also include published editorial comments and performance rankings compiled by independent organizations (including, but not limited to, Lipper Analytical Services, Inc. and Morningstar, Inc.) and publications that monitor the performance of the Separate Account and the variable funding options.

FEDERAL TAX CONSIDERATIONS

The following general discussion of the federal income tax consequences under this Contract is not intended to cover all situations, and is not meant to provide tax advice. Because of the complexity of the law and the fact that the tax results will vary depending on many factors, you should consult your tax adviser regarding your personal situation. For your information, a more detailed tax discussion is contained in the SAI.

Non-Resident Aliens

Distributions to non-resident aliens (“NRAs”) are subject to special tax and withholding rules under the Code. In addition, annuity payments to NRAs in many countries are exempt from U.S. tax (or subject to lower rates) based upon a tax treaty. NRAs should seek guidance from a tax adviser regarding their personal situation.

General Taxation of Annuities

Congress has recognized the value of saving for retirement by providing certain tax benefits, in the form of tax deferral, for money put into an annuity. The Internal Revenue Code (Code) governs how this money is ultimately taxed, depending upon the type of Contract, qualified or non-qualified, and the manner in which the money is distributed, as briefly described below.

Tax-Free Exchanges: The Internal Revenue Code provides that, generally, no gain or loss is recognized when an annuity Contract is received in exchange for a life, endowment, or annuity Contract. Since different annuity Contracts have different expenses, fees and benefits, a tax-free exchange could result in your investment becoming subject to higher or lower fees and/or expenses.

Types of Contracts: Qualified or Nonqualified

or certain tax-exempt organizations, corporate sponsored pension and profit-sharing plans (including 401(k) plans), Keogh Plans (for self-employed individuals), and certain other qualified deferred compensation plans. An exception to this is a qualified plan called a Roth IRA. Under Roth IRAs, after-tax contributions accumulate until maturity, when amounts (including earnings) may be withdrawn tax-free. The rights and benefits under a qualified Contract may be limited by the terms of the retirement plan, regardless of the terms and conditions of the Contract. If you purchase the Contract on an individual basis with after-tax dollars and not under one of the programs described above, your Contract is referred to as nonqualified.

Nonqualified Annuity Contracts

As the owner of a nonqualified annuity, you do not receive any tax benefit (deduction or deferral of income) on purchase payments, but you will not be taxed on increases in the value of your Contract until a distribution occurs — either as a withdrawal (distribution made prior to the maturity date), or as annuity payments. When a withdrawal is made, you are taxed on the amount of the withdrawal that is considered earnings. Similarly, when you receive an annuity payment, part of each payment is considered a return of your purchase payments and will not be taxed. The remaining portion of the annuity payment (i.e., any earnings) will be considered ordinary income for tax purposes.

If a nonqualified annuity is owned by other than an individual, however, (e.g., by a corporation), increases in the value of the Contract attributable to purchase payments made after February 28, 1986 are includible in income annually. Furthermore, for Contracts issued after April 22, 1987, if you transfer the Contract without adequate consideration all deferred increases in value will be includible in your income at the time of the transfer.

If you make a partial withdrawal, this money will generally be taxed as first coming from earnings, (income in the contract), and then from your purchase payments. These withdrawn earnings are includible in your income. (See “Penalty Tax for Premature Distributions” below.) There is income in the Contract to the extent the contract value exceeds your investment in the Contract. The investment in the Contract equals the total purchase payments you paid less any amount received previously which was excludible from gross income. Any direct or indirect borrowing against the value of the Contract or pledging of the Contract as security for a loan will be treated as a cash distribution under the tax law, and will have consequences in the year taken.

The Contract provides one or more optional enhanced death benefits that in some cases may exceed the greater of the purchase price or contract value. It is possible that the IRS may take a position that the charges for the optional enhanced death benefit(s) are deemed to be taxable distributions to you. Although we do not believe that a charge under such an optional death benefit should be treated as a taxable withdrawal, you should consult your tax adviser before selecting any rider or endorsement to the Contract.

Federal tax law requires that nonqualified annuity Contracts meet minimum mandatory distribution requirements upon the death of the contract owner, including the first of joint owners. If these requirements are not met, the Contract will not be treated as an annuity Contract for Federal income tax purposes and earnings under the Contract will be taxable currently, not when distributed. The distribution required depends, among other things, upon whether an annuity option is elected or whether the new contract owner is the surviving spouse. We will administer Contracts in accordance with these rules and we will notify you when you should begin receiving payments. There is a more complete discussion of these rules in the SAI.

Puerto Rico Tax Considerations

The Puerto Rico Internal Revenue Code of 1994 (the “1994 Code”) taxes distributions from nonqualified annuity contracts differently than in the U.S. Distributions that are not in the form of an annuity (including partial surrenders and period certain payments) are treated under the 1994 Code first as a return of investment. Therefore, no taxable income is recognized for Puerto Rico tax purposes until the cumulative amount paid exceeds your tax basis. Similarly, the amount of income on annuity distributions (payable over your lifetime) is calculated differently. Since Puerto Rico residents are also subject to U.S. tax on all income other than income sourced to Puerto Rico, the timing of recognition of income from an annuity contract could vary between the two jurisdictions. Although the 1994 Code provides a credit against the Puerto Rico income tax for U.S. income taxes, an individual may not get fully credit because of the timing differences. You should consult with a personal tax adviser regarding the tax consequences of purchasing an annuity contract and/or a proposed distribution.

Qualified Annuity Contracts

Under a qualified annuity, since amounts paid into the Contract have generally not yet been taxed, the full amount of all distributions, including lump-sum withdrawals and annuity payments, are generally taxed at the ordinary income tax rate unless the distribution is transferred to an eligible rollover account or Contract. The Contract is available as a vehicle for IRA rollovers and for other qualified Contracts. There are special rules which govern the taxation of qualified Contracts, including withdrawal restrictions, requirements for mandatory distributions, and contribution limits. We have provided a more complete discussion in the SAI.

Note to participants in qualified plans including 401, 403(b), 457 as well as IRA owners: While annual plan contribution limits may be increased from time to time by Congress and the IRS for federal income tax purposes, these limits must be adopted by each state for the higher limits to be effective at a state income tax level. In other words, the permissible contribution limit for income tax purposes may be different at the federal level from your state's income tax laws. Please consult your employer or tax advisor regarding this issue.

The Contract includes one or more optional enhanced death benefits that in some cases may exceed the greater of the purchase payments or contract value. The IRS has not reviewed the Contract for qualification as an IRA, and has not addressed in a ruling of general applicability, whether a death benefit such as the optional death benefit(s) in the Contract comports with IRA qualification requirements. Although the Company regards the optional enhanced death benefit as a permissible benefit under an IRA, the IRS may take a contrary position regarding tax qualification resulting in deemed distributions and penalty taxes. You should consult your tax adviser prior to selecting any optional enhanced death benefit for an IRA.

Penalty Tax for Premature Distributions

For both qualified and nonqualified contracts, taxable distributions taken before the contract owner has reached the age of 59 1/2 will be subject to a 10% additional tax penalty unless the distribution is taken in a series of periodic distributions, for life or life expectancy, or unless the distribution follows the death or disability of the contract owner. Other exceptions may be available in certain qualified plans. This is in addition to any penalites which may apply under your Contract.

Diversification Requirements for Variable Annuities

The Code requires that any nonqualified variable annuity Contracts based on a separate account shall not be treated as an annuity for any period if investments made in the account are not adequately diversified. Final tax regulations define how separate accounts must be diversified. The Company monitors the diversification of investments constantly and believes that its accounts are adequately diversified. The consequence of any failure to diversify is essentially the loss to the Contract owner of tax deferred treatment. The Company intends to administer all Contracts subject to this provision of law in a manner that will maintain adequate diversification.

Ownership of the Investments

In certain circumstances, owners of variable annuity Contracts have been considered to be the owners of the assets of the underlying separate account for Federal income tax purposes due to their ability to exercise investment control over those assets. When this is the case, the contract owners have been currently taxed on income and gains attributable to the variable account assets. There is little guidance in this area, and some features of the Contract, such as the flexibility of the contract owner to allocate premium payments and transfer amounts among the funding options, have not been addressed in public rulings. While we believe that the Contract does not give the contract owner investment control over separate account assets, we reserve the right to modify the Contract as necessary to prevent a contract owner from being treated as the owner of the separate account assets supporting the Contract.

Mandatory Distributions For Qualified Plans

Federal tax law requires that minimum annual distributions begin by April 1st of the calendar year following the calendar year in which an IRA owner attains age 70 1/2. Participants in qualified plans and 403(b) annuities may defer minimum distributions until the later of April 1st of the calendar year following the calendar year in which they attain age 70 1/2 or the year of retirement.

Minimum Distributions For Beneficiaries When a death benefit becomes due upon the death of the owner and/or annuitant, minimum distributions may be taken over the life expectancy of the beneficiary not less than annually within one year from the date of death or the funds remaining in the Contract must be completely withdrawn within five years from the date of death.

Taxation of Death Benefit Proceeds

Amounts may be distributed from a Contract because of the death of an owner or annuitant. Generally, such amounts are includible in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a full surrender of the contract; or (ii) if distributed under a payment option, they are taxed in the same way as annuity payments.

OTHER INFORMATION

The Insurance Companies

Please refer to your Contract to determine which Company issued your Contract.

The Travelers Insurance Company is a stock insurance company chartered in 1863 in Connecticut and continuously engaged in the insurance business since that time. It is licensed to conduct life insurance business in all states of the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and British Virgin Islands and the Bahamas. The Company is an indirect wholly owned subsidiary of Citigroup Inc. The Company’s Home Office is located at One Tower Square, Hartford, Connecticut 06183.

The Travelers Life and Annuity Company is a stock insurance company chartered in 1973 in Connecticut and continuously engaged in the insurance business since that time. It is licensed to conduct life insurance business in a majority of the states of the United States, the District of Columbia and Puerto Rico, and intends to seek licensure in the remaining states, except New York. The Company is an indirect wholly owned subsidiary of Citigroup Inc. The Company’s Home Office is located at One Tower Square, Hartford, Connecticut 06183.

Financial Statements

The financial statements for the Company and its separate account are located in the Statement of Additional Information.

Distribution of Variable Annuity Contracts

We intend to sell the Contracts in all jurisdictions where we are licensed to do business and where the Contract is approved. Any registered representative of affiliated or independent broker-dealers who sell the Contracts will be qualified to sell variable annuities under applicable federal and state laws. Each broker-dealer is registered with the SEC under the Securities Exchange Act of 1934, and all are members of the NASD. The principal underwriter of the Contracts is our affiliate, Travelers Distribution LLC, One Tower Square, Hartford, CT.

Up-front compensation paid to sales representatives will not exceed 8% of the purchase payments made under the Contracts. If asset based compensation is paid, it will not exceed 2% of the average account value annually.. From time to time, we may pay or permit other promotional incentives, in cash, credit or other compensation.

Conformity with State and Federal Laws

The laws of the state in which we deliver a Contract govern that Contract. Where a state has not approved a Contract feature or funding option, it will not be available in that state. Any paid-up annuity, cash surrender value or death benefits that are available under the Contract are not less than the minimum benefits required by the statutes of the state in which we delivered the Contract. We reserve the right to make any changes, including retroactive changes, in the Contract to the extent that the change is required to meet the requirements of any law or regulation issued by any governmental agency to which the Company, the Contract or the contract owner is subject.

Voting Rights

The Company is the legal owner of the shares of the underlying funds. However, we believe that when an underlying fund solicits proxies in conjunction with a vote of shareholders we are required to obtain from you and from other owners instructions on how to vote those shares. We will vote all shares, including those we may own on our own behalf, and those where we have not received instructions from contract owners, in the same proportion as shares for which we received voting instructions. Should we determine that we are no longer required to comply with the above, we will vote on the shares in our own right. In certain limited circumstances, and when permitted by law, we may disregard voting instructions. If we do disregard voting instructions, a summary of that action and the reasons for such action would be included in the next annual report to contract owners.

Legal Proceedings and Opinions

Legal matters in connection with the federal laws and regulations affecting the issue and sale of the contract described in this prospectus, as well as the organization of the Companies, their authority to issue variable annuity contracts under Connecticut law and the validity of the forms of the variable annuity contracts under Connecticut law, have been passed on by the General Counsel of the Companies.

There are no pending legal proceedings affecting either Separate Account or the principal underwriter. There are no pending legal proceedings against either Company likely to have a material adverse effect on the ability of either Company to meet its obligations under the applicable Contract.

APPENDIX A
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Nine for Variable Annuities
Accumulation Unit Values (in dollars)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

AIM Variable Insurance Funds, Inc.
AIM V.I. Value Fund (10/01) *
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.142		1.142
Number of units outstanding at end of year		—		—
Alliance Variable Product Series Fund
Premier Growth Portfolio Class B (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.182		1.183
Number of units outstanding at end of year		—		—
American Variable Insurance Series
Global Growth Fund — Class 2 (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.187		1.188
Number of units outstanding at end of year		—		—
Growth Fund — Class 2 (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.237		1.238
Number of units outstanding at end of year		—		5,663
Growth—Income Fund — Class 2 (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.143		1.143
Number of units outstanding at end of year		—		6,095
Franklin Templeton Variable Insurance Products Trust
Franklin Small Cap Fund Class 2 (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.227		1.228
Number of units outstanding at end of year		—		—
Templeton International Securities Fund Class 2 (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.134		1.134
Number of units outstanding at end of year		—		—

A-1

APPENDIX A
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Nine for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

Greenwich Street Series Fund
Appreciation Portfolio (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.136		1.137
Number of units outstanding at end of year		—		—
Diversified Strategic Income Portfolio (7/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.011		1.012
Number of units outstanding at end of year		—		—
Equity Index Portfolio Class II (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.141		1.141
Number of units outstanding at end of year		—		—
Fundamental Value Portfolio (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.172		1.173
Number of units outstanding at end of year		—		—
Janus Aspen Series
Aggressive Growth Portfolio — Service Shares (5/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.158		1.158
Number of units outstanding at end of year		—		—
PIMCO Variable Insurance Trust
Total Return Bond Portfolio — Administrative Class (5/01) *
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.002		1.003
Number of units outstanding at end of year		—		—
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares (10/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.137		1.138
Number of units outstanding at end of year		—		—
Putnam VT Small Cap Value Fund — Class I B Shares (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.220		1.221
Number of units outstanding at end of year		—		—
Putnam VT Voyager II Fund — Class IB Shares (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.233		1.233
Number of units outstanding at end of year		—		—

A-2

APPENDIX A
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Nine for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

Salomon Brothers Variable Series Fund, Inc.
Capital Fund (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.127		1.127
Number of units outstanding at end of year		—		6,229
Investors Fund (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.133		1.134
Number of units outstanding at end of year		—		—
Small Cap Growth Fund (3/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.255		1.255
Number of units outstanding at end of year		—		—
Smith Barney Investment Series
Smith Barney Large Cap Core Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.127		1.128
Number of units outstanding at end of year		—		—
Smith Barney Premier Selections All Cap Growth Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.197		1.198
Number of units outstanding at end of year		—		—
The Travelers Series Trust
Equity Income Portfolio (10/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.129		1.130
Number of units outstanding at end of year		—		—
Large Cap Portfolio (6/00)		1.000		1.000
Unit Value at beginning of year		1.137		1.138
Unit Value at end of year		—		—
Number of units outstanding at end of year
MFS Emerging Growth Portfolio (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.218		1.219
Number of units outstanding at end of year		—		—
MFS Research Portfolio (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.151		1.151
Number of units outstanding at end of year		—		—

A-3

APPENDIX A
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Nine for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.206		1.206
Number of units outstanding at end of year		—		—
Alliance Growth Portfolio (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.148		1.148
Number of units outstanding at end of year		—		—
MFS Total Return Portfolio (7/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.080		1.081
Number of units outstanding at end of year		—		—
Smith Barney Aggressive Growth Portfolio (3/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.212		1.213
Number of units outstanding at end of year		—		5,724
Smith Barney High Income Portfolio (8/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.037		1.037
Number of units outstanding at end of year		—		—
Smith Barney International All Cap Growth Portfolio (3/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.168		1.169
Number of units outstanding at end of year		—		—
Smith Barney Large Capitalization Growth Portfolio (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.101		1.101
Number of units outstanding at end of year		—		—
Smith Barney Large Cap Value Portfolio (6/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.181		1.181
Number of units outstanding at end of year		—		—
Smith Barney Mid Cap Core Portfolio (4/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.232		1.233
Number of units outstanding at end of year		—		—
Smith Barney Money Market Portfolio (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.000		1.000
Number of units outstanding at end of year		—		—
Travelers Managed Income Portfolio (7/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		0.980		0.981
Number of units outstanding at end of year		—		—
Van Kampen Enterprise Portfolio (4/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.193		1.194
Number of units outstanding at end of year		—		—

A-4

APPENDIX A
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Nine for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

Van Kampen Life Investment Trust
Emerging Growth Portfolio — Class I (2/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.134		1.134
Number of units outstanding at end of year		—		—
Variable Annuity Portfolios
Smith Barney Small Cap Growth Opportunities Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.215		1.215
Number of units outstanding at end of year		—		—
Variable Insurance Products Fund II
Contrafund Portfolio — Service Class (5/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.118		1.119
Number of units outstanding at end of year		—		—

The financial statements of Separate Account Nine and the consolidated financial statements of The Travelers Insurance Company are contained in the SAI. The date indicated next to each funding option’s name reflects the date money first came into the funding option through the Separate Account. Funds not listed had no amounts allocated to them or were not yet available as of December 31, 2001.

The Fund’s name has changed — please see the prospectus.

A-5

APPENDIX B
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Ten for Variable Annuities
Accumulation Unit Values (in dollars)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

AIM Variable Insurance Funds, Inc.
AIM V.I. Value Fund (5/01) *
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.142		1.142
Number of units outstanding at end of year		71,942		72,644
Alliance Variable Product Series Fund
Premier Growth Portfolio Class B (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.182		1.183
Number of units outstanding at end of year		170,836		25,673
American Variable Insurance Series
Global Growth Fund — Class 2 (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.187		1.188
Number of units outstanding at end of year		198,467		53,009
Growth Fund — Class 2 (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.237		1.238
Number of units outstanding at end of year		983,277		328,550
Growth—Income Fund — Class 2 (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year.		1.143		1.143
Number of units outstanding at end of year		514,638		483,056
Franklin Templeton Variable Insurance Products Trust
Franklin Small Cap Fund Class 2 (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.227		1.228
Number of units outstanding at end of year		1,300		19,240
Templeton International Securities Fund Class 2 (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.134		1.134
Number of units outstanding at end of year		47,591		29,133
Greenwich Street Series Fund
Appreciation Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.136		1.137
Number of units outstanding at end of year		237,326		203,714
Diversified Strategic Income Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.011		1.012
Number of units outstanding at end of year		32,007		523,138
Equity Index Portfolio Class II (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.141		1.141
Number of units outstanding at end of year		—		46,322
Fundamental Value Portfolio (12/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year.		1.172		1.173
Number of units outstanding at end of year		423,086		387,824

B-1

APPENDIX B
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Ten for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

Janus Aspen Series
Aggressive Growth Portfolio — Service Shares (5/00)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.158		1.158
Number of units outstanding at end of year		28,104		17,376
PIMCO Variable Insurance Trust
Total Return Bond Portfolio — Administrative Class (5/01) *
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.002		1.003
Number of units outstanding at end of year		359,558		284,980
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.137		1.138
Number of units outstanding at end of year		4,558		52,475
Putnam VT Small Cap Value Fund — Class I B Shares (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.220		1.221
Number of units outstanding at end of year		98,292		16,781
Putnam VT Voyager II Fund — Class IB Shares (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.233		1.233
Number of units outstanding at end of year		—		19,152
Salomon Brothers Variable Series Fund, Inc.
Capital Fund (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.127		1.127
Number of units outstanding at end of year		74,887		277,708
Investors Fund (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.133		1.134
Number of units outstanding at end of year		14,994		76,156
Small Cap Growth Fund (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.255		1.255
Number of units outstanding at end of year		22,533		3,283
Smith Barney Investment Series
Smith Barney Large Cap Core Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.127		1.128
Number of units outstanding at end of year		—		29,747
Smith Barney Premier Selections All Cap Growth Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.197		1.198
Number of units outstanding at end of year		917		1,868

B-2

APPENDIX B
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Ten for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

The Travelers Series Trust
Equity Income Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.129		1.130
Number of units outstanding at end of year		10,873		27,813
Large Cap Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.137		1.138
Number of units outstanding at end of year		8,222		36,628
MFS Emerging Growth Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.218		1.219
Number of units outstanding at end of year		25,458		4,324
MFS Research Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.151		1.151
Number of units outstanding at end of year		20,414		614
Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.206		1.206
Number of units outstanding at end of year		12,840		3,553
Alliance Growth Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.148		1.148
Number of units outstanding at end of year		85,438		122,403
MFS Total Return Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.080		1.081
Number of units outstanding at end of year		476,441		348,528
Smith Barney Aggressive Growth Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.212		1.213
Number of units outstanding at end of year		522,726		395,035
Smith Barney High Income Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.037		1.037
Number of units outstanding at end of year		29,916		54,303
Smith Barney International All Cap Growth Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.168		1.169
Number of units outstanding at end of year		1,076		—
Smith Barney Large Capitalization Growth Portfolio (10/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.181		1.181
Number of units outstanding at end of year		61,317		220,733

B-3

APPENDIX B
CONDENSED FINANCIAL INFORMATION

The Travelers Separate Account Ten for Variable Annuities
Accumulation Unit Values (continued)

	Period from October 1, 2001 to December 31, 2001

Portfolio Name	With E.S.P.		Without E.S.P.

Smith Barney Large Cap Value Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.101		1.101
Number of units outstanding at end of year		171,941		140,595
Smith Barney Mid Cap Core Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.232		1.233
Number of units outstanding at end of year		97,391		106,957
Smith Barney Money Market Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.000		1.000
Number of units outstanding at end of year		207,523		4,696,068
Travelers Managed Income Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		0.980		0.981
Number of units outstanding at end of year		126,164		86,039
Van Kampen Enterprise Portfolio (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.193		1.194
Number of units outstanding at end of year		46,933		—
Van Kampen Life Investment Trust
Emerging Growth Portfolio — Class I (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.134		1.134
Number of units outstanding at end of year		69,805		81,986
Variable Annuity Portfolios
Smith Barney Small Cap Growth Opportunities Portfolio (5/01)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.215		1.215
Number of units outstanding at end of year		—		20,516
Variable Insurance Products Fund II
Contrafund Portfolio — Service Class (11/99)
Unit Value at beginning of year		1.000		1.000
Unit Value at end of year		1.118		1.119
Number of units outstanding at end of year		74,817		61,062

The financial statements of Separate Account Ten and the financial statements of The Travelers Life and Annuity Company are contained in the SAI. The date indicated next to each funding option’s name reflects the date money first came into the funding option through the Separate Account. Funds not listed had no amounts allocated to them or were not yet available as of December 31, 2001.

The Fund’s name has changed — please see the prospectus.

B-4

APPENDIX C

THE FIXED ACCOUNT

The Fixed Account is part of the Company’s general account assets. These general account assets include all assets of the Company other than those held in the separate accounts sponsored by the Company or its affiliates.

The staff of the SEC does not generally review the disclosure in the prospectus relating to the Fixed Account. Disclosure regarding the Fixed Account and the general account may, however, be subject to certain provisions of the federal securities laws relating to the accuracy and completeness of statements made in the prospectus.

Under the Fixed Account, the Company assumes the risk of investment gain or loss, guarantees a specified interest rate, and guarantees a specified periodic annuity payment. The investment gain or loss of the Separate Account or any of the funding options does not affect the Fixed Account contract value, or the dollar amount of fixed annuity payments made under any payout option.

We guarantee that, at any time, the Fixed Account contract value will not be less than the amount of the purchase payments allocated to the Fixed Account, plus interest credited as described below, less any applicable premium taxes or prior withdrawals.

Purchase payments allocated to the Fixed Account and any transfers made to the Fixed Account become part of the Company’s general account, which supports insurance and annuity obligations. The general account and any interest therein is not registered under, or subject to the provisions of, the Securities Act of 1933 or Investment Company Act of 1940. We will invest the assets of the Fixed Account at our discretion. Investment income from such Fixed Account assets will be allocated to us and to the Contracts participating in the Fixed Account.

Investment income from the Fixed Account allocated to us includes compensation for mortality and expense risks borne by us in connection with Fixed Account Contracts. The amount of such investment income allocated to the Contracts will vary from year to year in our sole discretion at such rate or rates as we prospectively declare from time to time.

We guarantee the initial rate for any allocations into the Fixed Account for one year from the date of such allocation. We guarantee subsequent renewal rates for the calendar quarter. We also guarantee that for the life of the Contract we will credit interest at not less than 3% per year. We will determine any interest we credit to amounts allocated to the Fixed Account in excess of 3% per year in our sole discretion. You assume the risk that interest credited to the Fixed Account may not exceed the minimum guarantee of 3% for any given year.

Transfers

You may make transfers from the Fixed Account to any other available variable funding option(s) twice a year during the 30 days following the semiannual anniversary of the contract date. We limit transfers to an amount of up to 15% of the Fixed Account contract value on the semiannual contract date anniversary. (This restriction does not apply to transfers under the Dollar Cost Averaging Program.) Amounts previously transferred from the Fixed Account to variable funding options may not be transferred back to the Fixed Account for a period of at least six months from the date of transfer. We reserve the right to waive either of these restrictions.

Automated transfers from the Fixed Account to any of the variable funding options may begin at any time. Automated transfers from the Fixed Account may not deplete your Fixed Account value in a period of less than twelve months from your enrollment in the Dollar Cost Averaging Program.

C-1

APPENDIX D

CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION

The Statement of Additional Information contains more specific information and financial statements relating to The Travelers Insurance Company or The Travelers Life and Annuity Company. A list of the contents of the Statement of Additional Information is set forth below:

The Insurance Company
Principal Underwriter
Distribution and Principal Underwriting Agreement
Valuation of Assets
Performance Information
Federal Tax Considerations
Independent Accountants
Financial Statements

Copies of the Statement of Additional Information dated May 1, 2002 are available without charge. To request a copy, please clip this coupon on the dotted line above, enter your name and address in the spaces provided below, and mail to: The Travelers Life and Annuity Company, Annuity Investor Services, One Tower Square, Hartford, Connecticut 06183. The Travelers Insurance Company Statement of Additional Information is printed on Form L-12948S, and The Travelers Life and Annuity Statement of Additional Information is printed on Form L-12948S-TLAC.

Name:
Address:

D-1

L-12948

May 1, 2002

Travelers Portfolio Architect 3 Variable Annuity Prospectus:

The Travelers Separate Account Nine For Variable Annuities
The Travelers Separate Account Ten For Variable Annuities

This prospectus describes Travelers Portfolio Architect 3 Variable Annuity, a flexible premium deferred variable annuity contract (the “Contract”) issued by The Travelers Insurance Company or The Travelers Life and Annuity Company. Refer to the first page of your Contract for the name of your issuing company. The Contract is available in connection with certain retirement plans that qualify for special federal income tax treatment (“qualified Contracts”) as well as those that do not qualify for such treatment (“nonqualified Contracts”). We may issue it as an individual Contract or as a group Contract. When we issue a group Contract, you will receive a certificate summarizing the Contract’s provisions. For convenience, we refer to Contracts and certificates as “Contracts.”

Capital Appreciation Fund		Salomon Brothers Variable Series Fund Inc.
Money Market Portfolio		Capital Fund
AIM Variable Insurance Funds		Investors Fund
AIM V.I. Premier Equity Fund – Series I(1)		Large Cap Growth Fund
Alliance Variable Product Series Fund, Inc.		Small Cap Growth Fund
Premier Growth Portfolio - Class B		Travelers Series Fund Inc.
Credit Suisse Trust(2)		AIM Capital Appreciation Portfolio
Credit Suisse Emerging Markets Portfolio		Alliance Growth Portfolio
Delaware VIP Trust(3)		MFS Total Return Portfolio
VIP REIT Series - Standard Class(4)		The Travelers Series Trust
Dreyfus Variable Investment Fund		Convertible Securities Portfolio(6)
Appreciation Portfolio — Initial Shares		Disciplined Mid Cap Stock Portfolio
Small Cap Portfolio — Initial Shares		Equity Income Portfolio
Franklin Templeton Variable Insurance Products Trust		Federated High Yield Portfolio
Mutual Shares Securities Fund – Class 2		Federated Stock Portfolio
Templeton Growth Securities Fund – Class 2		Large Cap Portfolio
Greenwich Street Series Fund		Lazard International Stock Portfolio
Emerging Growth Fund		MFS Emerging Growth Portfolio
Equity Index Portfolio — Class II Shares		MFS Mid Cap Growth Portfolio
Growth and Income Fund		MFS Research Portfolio
Janus Aspen Series		Travelers Quality Bond Portfolio
Balanced Portfolio — Service Shares		Van Kampen Life Investment Trust
Global Life Sciences Portfolio — Service Shares		Comstock Portfolio Class II Shares
Global Technology Portfolio — Service Shares		Enterprise Portfolio Class II Shares
Worldwide Growth Portfolio — Service Shares		Variable Insurance Products Fund II (Fidelity)
PIMCO Variable Insurance Trust		Contrafund® Portfolio — Service Class 2
Total Return Portfolio — Administrative Class(5)		Variable Insurance Products Fund III (Fidelity)
Putnam Variable Trust		Dynamic Capital Appreciation Portfolio – Service Class 2
Putnam VT International Growth Fund — Class IB Shares		Mid Cap Portfolio — Service Class 2
Putnam VT Small Cap Value Fund – Class IB Shares
Putnam VT Voyager II Fund — Class IB Shares

(1) formerly AIM V.I. Value Fund	(4) formerly REIT Series
(2) formerly Credit Suisse Warburg Pincus Trust	(5) formerly Total Return Bond Portfolio
(3) formerly Delaware Group Premium Fund, Inc.	(6) formerly Convertible Bond Portfolio

This prospectus provides the information that you should know before investing in the Contract. You can receive additional information about your Contract by requesting a copy of the Statement of Additional Information (“SAI”) dated May 1, 2002. We filed the SAI with the Securities and Exchange Commission (“SEC”), and it is incorporated by reference into this prospectus. To request a copy, write to The Travelers Insurance Company, Annuity Investor Services, One Tower Square, Hartford, Connecticut 06183, call 1-800-842-9368 or access the SEC’s website (http://www.sec.gov). See Appendix B for the SAI’s table of contents.

Variable annuity contracts are not deposits of any bank, and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Prospectus dated May 1, 2002

TABLE OF CONTENTS

Index of Special Terms	2	The Annuity Period	30
Summary	3	Maturity Date	30
Fee Table	6	Allocation of Annuity	30
Condensed Financial Information	14	Variable Annuity	30
The Annuity Contract	14	Fixed Annuity	31
Contract Owner Inquiries	14	Payment Options	31
Purchase Payments	14	Election of Options	31
Accumulation Units	14	Annuity Options	31
The Variable Funding Options	15	Variable Liquidity Benefit	32
The Fixed Account	19	Miscellaneous Contract Provisions	32
Charges and Deductions	19	Right to Return	32
General	19	Termination	32
Withdrawal Charge	20	Required Reports	33
Free Withdrawal Allowance	20	Suspension of Payments	33
Transfer Charge	20	The Separate Accounts	33
Administrative Charges	20	Performance Information	33
Mortality and Expense Risk Charge	21	Federal Tax Considerations	34
E.S.P. Charge	21	Non-Resident Aliens	34
Variable Liquidity Benefit Charges	21	General Taxation of Annuities	34
Variable Funding Option Expenses	21	Types of Contracts: Qualified or Nonqualified	35
Premium Tax	21	Nonqualified Annuity Contracts	35
Changes in Taxes Based Upon Premium or Value	21	Puerto Rico Tax Considerations	35
Transfers	22	Qualified Annuity Contracts	36
Dollar Cost Averaging	22	Penalty Tax for Premature Distributions	36
Access to Your Money	23	Diversification Requirements for Variable
Systematic Withdrawals	24	Annuities	36
Loans	24	Ownership of the Investments	36
Ownership Provisions	24	Mandatory Distributions for Qualified Plans	37
Types of Ownership	24	Taxation of Death Benefit Proceeds	37
Contract Owner	24	Other Information	37
Beneficiary	24	The Insurance Companies	37
Annuitant	25	Financial Statements	37
Contingent Annuitant	25	Distribution of Variable Annuity Contracts	37
Death Benefit	25	Conformity with State and Federal Laws	38
Death Proceeds Before the Maturity Date	25	Voting Rights	38
E.S.P	26	Legal Proceedings and Opinions	38
Payment of Proceeds	27	The Travelers Insurance Company	38
Spousal Contract Continuance	28	The Travelers Life and Annuity Company	38
Beneficiary Contract Continuance	29	Appendix A: The Fixed Account	A-1
Planned Death Benefit	29	Appendix B: Contents of the Statement of
Death Proceeds After Maturity Date	30	Additional Information	B-1

INDEX OF SPECIAL TERMS

The following terms are italicized throughout the prospectus. Refer to the page listed for an explanation of each term.

Accumulation Unit	14	Contract Year	14
Accumulation Period	14	Death Report Date	25
Annuitant	25	Fixed Account	A-1
Annuity Payments	30	Joint Owner	24
Annuity Unit	14	Maturity Date	30
Cash Surrender Value	23	Net Investment Rate	31
Contingent Annuitant	25	Purchase Payment	14
Contract Date	14	Underlying Fund	15
Contract Owner	24	Variable Funding Option(s)	15
Contract Value	14	Written Request	14

Summary:
Travelers Portfolio Architect 3 Variable Annuity

This summary details some of the more important points that you should know and consider before purchasing the Contract. Please read the entire prospectus carefully.

What company will issue my Contract? Your issuing company is either The Travelers Insurance Company or The Travelers Life and Annuity Company, (“the Company,” “We” or “Us”). Refer to your Contract for the name of your issuing company. Each company sponsors its own segregated asset account (“Separate Account”). The Travelers Insurance Company sponsors the Travelers Separate Account Nine for Variable Annuities (“Separate Account Nine”); The Travelers Life and Annuity Company sponsors the Travelers Separate Account Ten for Variable Annuities (“Separate Account Ten”). When we refer to the Separate Account, we are referring to either Separate Account Nine or Separate Account Ten, depending upon your issuing Company.

You may only purchase a Contract in states where the Contract has been approved for sale. The Contract may not currently be available for sale in all states.

Can you give me a general description of the Contract? We designed the Contract for retirement savings or other long-term investment purposes. The Contract provides a death benefit as well as guaranteed payout options. You direct your payment(s) to one or more of the variable funding options and/or to the Fixed Account that is part of our general account (the “Fixed Account”). We guarantee money directed to the Fixed Account as to principal and interest. The variable funding options are designed to produce a higher rate of return than the Fixed Account; however, this is not guaranteed. You can also lose money in the variable funding options.

The Contract, like all deferred variable annuity contracts, has two phases: the accumulation phase and the payout phase (annuity period). During the accumulation phase generally, under a qualified contract, your pre-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal, presumably when you are in a lower tax bracket. During the accumulation phase, under a nonqualified contract, earnings on your after-tax contributions accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. The payout phase occurs when you begin receiving payments from your Contract. The amount of money you accumulate in your Contract determines the amount of income (annuity payments) you receive during the payout phase.

Is there a right to return period? If you cancel the Contract within ten days after you receive it, you will receive a full refund of your contract value plus any Contract charges and premium taxes you paid (but not fees and charges assessed by the underlying funds). Where state law requires a longer right to return period, or the return of purchase payments, the Company will comply. You bear the investment risk on the purchase payment allocated to a variable funding option during the right to return period; therefore, the contract value we return may be greater or less than your purchase payment.

we will refund your contract value (including charges we assessed). We will determine your contract value at the close of business on the day we receive a written request for a refund.

Can you give a general description of the variable funding options and how they operate? Through its subaccounts, the Separate Account uses your purchase payments to purchase units, at your direction, of one or more of the variable funding options. In turn, each variable funding option invests in an underlying mutual fund (“underlying fund”) that holds securities consistent with its own investment policy. Depending on market conditions, you may make or lose money in any of these variable funding options.

You can transfer among the variable funding options as frequently as you wish without any current tax implications. Currently there is no charge for transfers, nor a limit to the number of transfers allowed. We may, in the future, charge a fee for any transfer request, or limit the number of transfers allowed. At a minimum, we would always allow one transfer every six months. We reserve the right to restrict transfers that we determine will disadvantage other contract owners. You may transfer between the Fixed Account and the variable funding options twice a year (during the 30 days after the six-month contract date anniversary), provided the amount is not greater than 15% of the Fixed Account value on that date.

If the Variable Liquidity Benefit is selected, there is a maximum surrender charge of 6% of the amounts withdrawn. Please refer to “The Annuity Period” for a description of this benefit.

How may I access my money? You can take withdrawals any time during the accumulation phase. Withdrawal charges, income taxes, and/or a penalty tax may apply to taxable amounts withdrawn.

Where may I find out more about accumulation unit values? Travelers Portfolio Architect 3 was not offered for sale until 2002. Therefore, there were no accumulation unit values as of December 31, 2001, the Separate Account’s fiscal year end.

Are there any additional features? This Contract has other features you may be interested in. These include:

Dollar Cost Averaging. This is a program that allows you to invest a fixed amount of money in variable funding options each month, theoretically giving you a lower average cost per unit over time than a single one-time purchase. Dollar Cost Averaging requires regular investments regardless of fluctuating price levels, and does not guarantee profits or prevent losses in a declining market. Potential investors should consider their financial ability to continue purchases through periods of low price levels.

Systematic Withdrawal Option. Before the maturity date, you can arrange to have money sent to you at set intervals throughout the year. Of course, any applicable income and penalty taxes will apply on amounts withdrawn.

Automatic Rebalancing. You may elect to have the Company periodically reallocate the values in your Contract to match your original (or your latest) funding option allocation request.

Managed Distribution Program. This program allows us to automatically calculate and distribute to you, in November of the applicable tax year, an amount that will satisfy the Internal Revenue Service’s minimum distribution requirements imposed on certain contracts once the owner reaches age 70 1/2 or retires. These minimum distributions occur during the accumulation phase.

Spousal Contract Continuance (subject to availability). If your spouse is named as an owner and/or beneficiary, and you die prior to the maturity date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. This feature applies to a spousal joint contract owner and/or beneficiary only.

Enhanced Stepped-Up Provision (“E.S.P.”). For an additional charge, the total death benefit payable may be increased based on the earnings in your Contract.

Beneficiary Contract Continuance (Not permitted for non-natural beneficiaries). If you die before the maturity date, and if the value of any beneficiary’s portion of the death benefit is between $20,000 and $1,000,000 as of the date of your death, that beneficiary(s) may elect to continue his/her portion of the Contract.

FEE TABLE

Transaction Expenses

Withdrawal Charge

(as a percentage of the purchase payments withdrawn)

Years Since Purchase Payment Made		Withdrawal Charge
0-1		6%
2		5%
3		4%
4 and over		0%

During the annuity period, if you have elected the Variable Liquidity Benefit, a surrender charge of up to 6% of the amount withdrawn will be assessed. See “Variable Liquidity Benefit.”

Transfer Charge

(We reserve the right to assess a transfer charge of up to $10 on transfers exceeding 12 per year.)

Annual Separate Account Charges

(as a percentage of the average daily net assets of the Separate Account)

Without E.S.P.		With E.S.P.
Mortality and Expense Risk Charge	1.70%	Mortality and Expense Risk Charge	1.70%
Administrative Expense Charge	0.15%	Administrative Expense Charge	0.15%
Total Separate Account Charges	1.85%	E.S.P. Charge	0.20%
		Total Separate Account Charges	2.05%

Other Annual Charges

*Annual Contract Administrative Charge*		$30
(Waived if contract value is $40,000 or more)

Variable Funding Option Expenses:

(as a percentage of average daily net assets of the funding option as of December 31, 2001, unless otherwise noted)

Funding Options:	Management Fee (after reimbursement)		Distribution and/or Service Fees (12b-1)		Other Expenses (after expense reimbursement)		Total Annual Operating Expenses (after expense reimbursement)

Capital Appreciation Fund		0.75%		—		0.09%		0.84%
Money Market Portfolio		0.32%		—		0.08%		0.40%(1)
AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund — Series I		0.60%		—		0.25%		0.85%(2)
Alliance Variable Product Series Fund, Inc.
Premier Growth Portfolio — Class B*		1.00%		0.25%		0.04%		1.29%
Credit Suisse Trust
Credit Suisse Emerging Markets Portfolio		0.76%		—		0.64%		1.40%(3)
Delaware VIP Trust
VIP REIT Series – Standard Class		0.75%		—		0.14%		0.89%(4)
Dreyfus Variable Investment Fund
Appreciation Portfolio — Initial Shares		0.75%		—		0.03%		0.78%(5)
Small Cap Portfolio — Initial Shares		0.75%		—		0.04%		0.79%(5)
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund — Class 2*		0.60%		0.25%		0.19%		1.04%(6)
Templeton Growth Securities Fund — Class 2*		0.80%		0.25%		0.05%		1.10%(7)
Greenwich Street Series Fund
Emerging Growth Fund		0.95%		—		0.23%		1.18%(8)
Equity Index Portfolio — Class II Shares*		0.21%		0.25%		0.03%		0.49%(8)
Growth and Income Fund		0.65%		—		0.29%		0.94%(8)
Janus Aspen Series
Balanced Portfolio — Service Shares*		0.65%		0.25%		0.01%		0.91%
Global Life Sciences Portfolio — Service Shares*		0.65%		0.25%		0.17%		1.07%
Global Technology Portfolio — Service Shares*		0.65%		0.25%		0.05%		0.95%
Worldwide Growth Portfolio — Service Shares*		0.65%		0.25%		0.04%		0.94%
PIMCO Variable Insurance Trust
Total Return Portfolio – Administrative Class		0.25%		—		0.40%		0.65%(9)
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares*		0.76%		0.25%		0.18%		1.19%
Putnam VT Small Cap Value Fund — Class IB Shares*		0.80%		0.25%		0.30%		1.35%
Putnam VT Voyager II Fund — Class IB Shares*		0.70%		0.25%		0.77%		1.72%
Salomon Brothers Variable Series Fund Inc.
Capital Fund		0.83%		—		0.17%		1.00%(10)
Investors Fund		0.70%		—		0.12%		0.82%(11)
Large Cap Growth Fund		0.75%		—		0.25%		1.00%
Small Cap Growth Fund		0.75%		—		0.72%		1.47%(12)
The Travelers Series Trust
Convertible Securities Portfolio		0.60%		—		0.19%		0.79%(13)
Disciplined Mid Cap Stock Portfolio		0.70%		—		0.13%		0.83%
Equity Income Portfolio		0.75%		—		0.04%		0.79%(14)
Federated High Yield Portfolio		0.65%		—		0.24%		0.89%
Federated Stock Portfolio		0.63%		—		0.18%		0.81%
Large Cap Portfolio		0.75%		—		0.04%		0.79%(15)
Lazard International Stock Portfolio		0.83%		—		0.18%		1.01%
MFS Emerging Growth Portfolio		0.75%		—		0.14%		0.89%
MFS Mid Cap Growth Portfolio		0.80%		—		0.12%		0.92%
MFS Research Portfolio		0.80%		—		0.12%		0.92%
Travelers Quality Bond Portfolio		0.32%		—		0.13%		0.45%

Funding Options	Management Fee (after reimbursement)		Distribution and/or Service Fees (12b-1)		Other Expenses (after expense reimbursement		Total Annual Operating Expenses (after expense reimbursement)

Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio		0.80%		—		0.03%		0.83%(16)
Alliance Growth Portfolio		0.80%		—		0.02%		0.82%(16)
MFS Total Return Portfolio		0.80%		—		0.03%		0.83%(16)
Van Kampen Life Investment Trust
Comstock Portfolio Class II Shares*		0.60%		0.25%		0.19%		1.04%(8)
Enterprise Portfolio Class II Shares*		0.48%		0.25%		0.12%		0.85%(17)
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class 2*		0.58%		0.25%		0.07%		0.90%(18)
Variable Insurance Products Fund III
Dynamic Capital Appreciation Portfolio — Service Class 2*		0.58%		0.25%		0.85%		1.68%(19)
Mid Cap Portfolio — Service Class 2*		0.58%		0.25%		0.05%		0.88%(20)

Notes

(1) Travelers Insurance reimbursed the portfolio for $44,028 in expenses for the year ended December 31, 2001 (the portfolio’s fiscal year end). If such expenses were not reimbursed the actual expense ratio would have been 0.42%. For the year ended December 31, 2001, there was a voluntary expense limitation. As a result of the voluntary expense limitation, the ratio of expenses to average net assets will not exceed 0.40%.

(2) Effective May 1, 2002 the Funds’ name will change from AIM V.I. Value Fund to AIM V.I. Premier Equity Fund.

(3) Fee waivers, expense reimbursements, or expense credits reduced expenses for the Emerging Markets Portfolio during 2001, but this may be discontinued at any time. Without such arrangements, the Management Fees, Other Expenses and Total Annual Operating Expenses would equal 1.25%, 0.64% and 1.89%, respectively. The Other Expenses are based on annualized estimates of expenses for the fiscal year ending December 31, 2001, net of any fee waivers or expense reimbursements.

(4) The investment advisor for the Delaware VIP REIT Series is Delaware Management Company (DMC). For the period May 1, 2001 through April 30, 2002, the advisor waived its management fee and/or reimbursed the Series for expenses to the extent that total expenses would not exceed 0.85%. Without such an arrangement, the total operating expense for the Series would have been 0.89% for the fiscal year 2001. Effective May 1, 2002 through April 30, 2003, DMC has contractually agreed to waive its management fee and/or reimburse the Series for expenses to the extent that total expenses will not exceed 0.95%. Under its Management Agreement, the Series pays a management fee based on average daily net assets as follows: 0.75% on the first $500 million, 0.70% on the next $500 million, 0.65% on the next $1,500 million, 0.60% on assets in excess of $2,500 million, all per year.

(5) The expenses shown are for the fiscal year ended December 31, 2001. Current or future expenses may be greater or less than those presented. Please consult the underlying mutual fund prospectus for more complete information.

(6) The Fund’s Class 2 distribution plan or “rule 12b-1 plan” is described in the Fund’s prospectus.

(7) The Fund administration fee is paid indirectly through the Management Fee for Templeton Growth Securities Fund — Class 2. The Fund’s Class 2 distribution plan or “rule 12b-1 plan” is described in the Fund’s prospectus.

(8) Expenses are as of December 31, 2001 (the Fund’s fiscal year end). There were no fees waived or expenses reimbursed for these funds in 2001.

(9) “Other Expenses” reflects a 0.25% administrative fee, a 0.15% service fee, and 0.01% representing the Portfolio’s pro rata Trustees’ fees. PIMCO has contractually agreed to reduce total annual portfolio operating expenses to the extent they would exceed, due to the payment of organizational expenses and Trustees’ fees, 0.65% of average daily net assets. Without such reduction, Total Annual Expenses for the fiscal year ended December 31, 2001 would have been 0.66%. Under the Expense Limitation Agreement, PIMCO may recoup these waivers and reimbursements in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit.

(10) The Manager has waived a portion of its management fees for the year ended December 31, 2001. If such fees were not waived, the actual expenses ratio would have been 1.02%. As a result of a voluntary expense limitation, expense ratios will not exceed 1.00%.

(11) As a result of a voluntary expense limitation, expense ratios will not exceed 1.00%.

(12) As a result of a voluntary expense limitation, expense ratios will not exceed 1.50%.

(13) As a result of a voluntary expense limitation, the ratio of expenses to average net assets will not exceed 0.80%.

(14) A portion of the brokerage commissions that the fund paid was used to reduce the fund’s expenses. In addition, through arrangements with the fund’s custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of

the fund’s custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Equity Income Portfolio would have been 0.85%.

(15) A portion of the brokerage commissions that the fund paid was used to reduce the fund’s expenses. In addition, through arrangements with the fund’s custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund’s custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Large Cap Portfolio would have been 0.84%.

(16) Expenses are as of October 31, 2001 (the Fund’s fiscal year end). There were no fees waived or expenses reimbursed for these funds in 2001.

(17) If certain expenses had not been assumed by Van Kampen, Total Annual Operating Expenses for the Enterprise Portfolio Class II Shares would have been 0.87%.

(18) A portion of the brokerage commissions that the fund paid was used to reduce the fund’s expenses. In addition, through arrangements with the fund’s custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund’s custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Fidelity VIP II Contrafund Portfolio — Service Class 2 would have been 0.94%.

(19) A portion of the brokerage commissions that the fund paid was used to reduce the fund’s expenses. In addition, through arrangements with the fund’s custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund’s custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Fidelity VIP Dynamic Capital Appreciation Portfolio — Service Class 2 would have been 3.77%. The fund’s manager has voluntarily agreed to reimburse the class to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions and extraordinary expenses) exceed 1.75%. This arrangement can be discontinued by the fund’s manager at any time. Including this reimbursement, the management fee, other expenses and total annual expenses in 2001 were 0.58%, 0.92% and 1.75%, res pectively.

(20) A portion of the brokerage commissions that the fund paid was used to reduce the fund’s expenses. In addition, through arrangements with the fund’s custodian, credits realized as a result of uninvested cash balances are used to reduce a portion of the fund’s custodian expenses. These offsets may be discontinued at any time. Without such reductions, Total Annual Operating Expenses for the Fidelity VIP III Mid Cap Portfolio — Service Class 2 would have been 0.94%.

Examples

These examples show what your costs would be under certain hypothetical situations. The examples do not represent past or future expenses. Your actual expenses may be more or less than those shown. We base examples on the annual expenses of the underlying funds for the year ended December 31, 2001, and assume that any fee waivers and expense reimbursements will continue. We cannot guarantee that these fee waivers and expense reimbursements will continue. The examples assume that the $30 annual contract administrative charge is equivalent to 0.020% of the Separate Account contract value.

EXAMPLE: WITH E.S.P.

You would pay the following expenses on a $1,000 investment, assuming a 5% annual return on assets and the charges reflected in the expense table above using the expenses with the E.S.P. option selected:

	If Contract is surrendered at the end of period shown								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

Capital Appreciation Fund		89		130		153		323		29		90		153		323
Money Market Portfolio		85		117		132		281		25		77		132		281
AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund — Series I		90		130		154		324		30		90		154		324
Alliance Variable Product Series Fund, Inc.
Premier Growth Portfolio — Class B		94		143		175		365		34		103		175		365
Credit Suisse Trust
Credit Suisse Emerging Markets Portfolio		95		147		180		375		35		107		180		375
Delaware VIP Trust
VIP REIT Series – Standard Class		90		132		156		328		30		92		156		328
Dreyfus Variable Investment Fund
Appreciation Portfolio — Initial Shares		89		128		150		318		29		88		150		318
Small Cap Portfolio — Initial Shares		89		129		151		319		29		89		151		319
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund — Class 2		91		136		163		342		31		96		163		342
Templeton Growth Securities Fund — Class 2		92		138		166		348		32		98		166		348
Greenwich Street Series Fund
Emerging Growth Fund		93		140		170		355		33		100		170		355
Equity Index Portfolio – Class II Shares		86		120		136		290		26		80		136		290
Growth and Income Fund		90		133		158		333		30		93		158		333
Janus Aspen Series
Balanced Portfolio — Service Shares		90		132		157		330		30		92		157		330
Global Life Sciences Portfolio — Service Shares		92		137		164		345		32		97		164		345
Global Technology Portfolio — Service Shares		90		133		159		334		30		93		159		334
Worldwide Growth Portfolio — Service Shares		90		133		158		333		30		93		158		333
PIMCO Variable Insurance Trust
Total Return Portfolio – Administrative Class		88		124		144		305		28		84		144		305
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares		93		140		170		356		33		100		170		356
Putnam VT Small Cap Value Fund — Class IB Shares		94		145		178		370		34		105		178		370
Putnam VT Voyager II Fund — Class IB Shares		98		156		195		403		38		116		195		403

	If Contract is surrendered at the end of period shown								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

Salomon Brothers Variable Series Fund Inc.
Capital Fund		91		135		161		338		31		95		161		338
Investors Fund		89		129		152		321		29		89		152		321
Large Cap Growth Fund		91		135		161		338		31		95		161		338
Small Cap Growth Fund		96		149		184		381		36		109		184		381
The Travelers Series Trust
Convertible Securities Portfolio		89		129		151		319		29		89		151		319
Disciplined Mid Cap Stock Portfolio		89		130		153		322		29		90		153		322
Equity Income Portfolio		89		129		151		319		29		89		151		319
Federated High Yield Portfolio		90		132		156		328		30		92		156		328
Federated Stock Portfolio		89		129		152		320		29		89		152		320
Large Cap Portfolio		89		129		151		319		29		89		151		319
Lazard International Stock Portfolio		91		135		162		339		31		95		162		339
MFS Emerging Growth Portfolio		90		132		156		328		30		92		156		328
MFS Mid Cap Growth Portfolio		90		132		157		331		30		92		157		331
MFS Research Portfolio		90		132		157		331		30		92		157		331
Travelers Quality Bond Portfolio		86		118		134		286		26		78		134		286
Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio		89		130		153		322		29		90		153		322
Alliance Growth Portfolio		89		129		152		321		29		89		152		321
MFS Total Return Portfolio		89		130		153		322		29		90		153		322
Van Kampen Life Investment Trust
Comstock Portfolio Class II Shares		91		136		163		342		31		96		163		342
Enterprise Portfolio Class II Shares		90		130		154		324		30		90		154		324
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class 2		90		132		156		329		30		92		156		329
Variable Insurance Products Fund III
Dynamic Capital Appreciation Portfolio — Service Class 2		98		155		193		399		38		115		193		399
Mid Cap Portfolio — Service Class 2		90		131		155		327		30		91		155		327

EXAMPLE: WITHOUT E.S.P.

You would pay the following expenses on a $1,000 investment, assuming a 5% annual return on assets and the charges reflected in the expense table above using the expenses without the E.S.P. option selected:

	If Contract is surrendered at the end of period shown								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

Capital Appreciation Fund		87		124		143		304		27		84		143		304
Money Market Portfolio		83		111		122		261		23		71		122		261
AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund — Series I		88		124		144		305		28		84		144		305
Alliance Variable Product Series Fund, Inc.
Premier Growth Portfolio — Class B		92		137		165		347		32		97		165		347
Credit Suisse Trust
Credit Suisse Emerging Markets Portfolio		93		141		171		357		33		101		171		357
Delaware VIP Trust
VIP REIT Series – Standard Class		88		126		146		309		28		86		146		309
Dreyfus Variable Investment Fund
Appreciation Portfolio — Initial Shares		87		122		141		298		27		82		141		298
Small Cap Portfolio — Initial Shares		87		123		141		299		27		83		141		299
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund — Class 2		89		130		153		323		29		90		153		323
Templeton Growth Securities Fund — Class 2		90		132		156		329		30		92		156		329
Greenwich Street Series Fund
Emerging Growth Fund		91		134		160		336		31		94		160		336
Equity Index Portfolio — Class II Shares		84		114		126		270		24		74		126		270
Growth and Income Fund		88		127		148		314		28		87		148		314
Janus Aspen Series
Balanced Portfolio — Service Shares		88		126		147		311		28		86		147		311
Global Life Sciences Portfolio — Service Shares		90		131		155		326		30		91		155		326
Global Technology Portfolio — Service Shares		89		127		149		315		29		87		149		315
Worldwide Growth Portfolio — Service Shares		88		127		148		314		28		87		148		314
PIMCO Variable Insurance Trust
Total Return Portfolio – Administrative Class		86		118		134		286		26		78		134		286
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares		91		135		161		337		31		95		161		337
Putnam VT Small Cap Value Fund — Class IB Shares		92		139		168		352		32		99		168		352
Putnam VT Voyager II Fund — Class IB Shares		96		150		186		385		36		110		186		385
Salomon Brothers Variable Series Fund Inc.
Capital Fund		89		129		151		319		29		89		151		319
Investors Fund		87		124		142		302		27		84		142		302
Large Cap Growth Fund		89		129		151		319		29		89		151		319
Small Cap Growth Fund		94		143		174		363		34		103		174		363

	If Contract is surrendered at the end of period shown								If Contract is NOT surrendered or annuitized at end of period shown:

Funding Option	1 year		3 years		5 years		10 years		1 year		3 years		5 years		10 years

The Travelers Series Trust
Convertible Securities Portfolio		87		123		141		299		27		83		141		299
Disciplined Mid Cap Stock Portfolio		87		124		143		303		27		84		143		303
Equity Income Portfolio		87		123		141		299		27		83		141		299
Federated High Yield Portfolio		88		126		146		309		28		86		146		309
Federated Stock Portfolio		87		123		142		301		27		83		142		301
Large Cap Portfolio		87		123		141		299		27		83		141		299
Lazard International Stock Portfolio		89		129		152		320		29		89		152		320
MFS Emerging Growth Portfolio		88		126		146		309		28		86		146		309
MFS Mid Cap Growth Portfolio		88		127		147		312		28		87		147		312
MFS Research Portfolio		88		127		147		312		28		87		147		312
Travelers Quality Bond Portfolio		84		112		124		266		24		72		124		266
Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio		87		124		143		303		27		84		143		303
Alliance Growth Portfolio		87		124		142		302		27		84		142		302
MFS Total Return Portfolio		87		124		143		303		27		84		143		303
Van Kampen Life Investment Trust
Comstock Portfolio Class II Shares		89		130		153		323		29		90		153		323
Enterprise Portfolio Class II Shares		88		124		144		305		28		84		144		305
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class 2		88		126		146		310		28		86		146		310
Variable Insurance Products Fund III
Dynamic Capital Appreciation Portfolio — Service Class 2		96		149		184		382		36		109		184		382
Mid Cap Portfolio — Service Class 2		88		125		145		308		28		85		145		308

CONDENSED FINANCIAL INFORMATION

Travelers Portfolio Architect 3 was not offered for sale until 2002. Therefore, there is no condensed financial information available as of December 31, 2001, the separate account’s fiscal year end.

THE ANNUITY CONTRACT

Travelers Portfolio Architect 3 Variable Annuity is a contract between the contract owner (“you”) and the Company. This is the prospectus - it is not the Contract. The prospectus highlights many contract provisions to focus your attention on the Contract’s essential features. Your rights and obligations under the Contract will be determined by the language of the Contract itself. When you receive your Contract, we suggest you read it promptly and carefully. There may be differences in your Contract because of the requirements of the state where we issued your Contract. We will include any such differences in your Contract.

You make purchase payments to us and we credit them to your Contract. We promise to pay you an income, in the form of annuity payments, beginning on a future date that you choose, the maturity date. The purchase payments accumulate tax deferred in the funding options of your choice. We offer multiple variable funding options, and one Fixed Account option. The contract owner assumes the risk of gain or loss according to the performance of the variable funding options. The contract value is the amount of purchase payments, plus or minus any investment experience on the amounts you allocate to the Separate Account (“Separate Account contract value”) or interest on the amounts you allocate to the Fixed Account (“Fixed Account contract value”). The contract value also reflects all withdrawals made and charges deducted. There is generally no guarantee that at the maturity date the contract value will equal or exceed the total purchase payments made under the Contract. The date the Contract and its benefits become effective is referred to as the contract date. Each 12-month period following the contract date is called a contract year.

Contract Owner Inquiries

Any questions you have about your Contract should be directed to our Home Office at 1-800-842-9368.

Purchase Payments

Accumulation Units

calculate the value of an accumulation unit for each funding option each day the New York Stock Exchange is open. The values are calculated as of 4:00 p.m. Eastern time. After the value is calculated, we credit your Contract. During the annuity period (i.e., after the maturity date), you are credited with annuity units.

The Variable Funding Options

You will find detailed information about the funds and their inherent risks in the current fund prospectuses for the underlying funds that must accompany this prospectus. Since each option has varying degrees of risk, please read the prospectuses carefully before investing. There is no assurance that any of the underlying funds will meet its investment objectives. Contact your registered representative or call 1-800-842-9368 to request additional copies of the prospectuses.

The current variable funding options are listed below, along with their investment advisers and any subadviser:

Funding Option	Investment Objective	Investment Adviser/Subadviser
Capital Appreciation Fund	Seeks growth of capital through the use of common stocks. Income is not an objective. The Fund invests principally in common stocks of small to large companies which are expected to experience wide fluctuations in price both in rising and declining markets.	Travelers Asset Management International Company LLC (“TAMIC”) Subadviser: Janus Capital Corp.
Money Market Portfolio	Seeks high current income from short-term money market instruments while preserving capital and maintaining a high degree of liquidity.	TAMIC
AIM Variable Insurance Funds
AIM V.I. Premier Equity Fund	Seeks to achieve long-term growth of capital by investing primarily in equity securities of undervalued companies. Income is a secondary objective.	AIM Advisers, Inc.
Alliance Variable Product Series Fund, Inc.
Premier Growth Portfolio — Class B	Seeks long-term growth of capital by investing primarily in equity securities of a limited number of large, carefully selected, high quality U.S. companies that are judged likely to achieve superior earning momentum.	Alliance Capital Management
Credit Suisse Trust
Credit Suisse Emerging Markets Portfolio	Seeks long-term growth of capital by investing in equity securities of companies located in or conducting a majority of their business in emerging markets..	Credit Suisse Asset Management, LLC

Funding Option	Investment Objective	Investment Adviser/Subadviser
Delaware VIP Trust
VIT REIT Series – Standard Class	Seeks to achieve maximum long-term total return with capital appreciation as a secondary objective. Under normal circumstances, the Series will invest at least 80% of its net assets in investments of real estate investment trusts (REITS).	Delaware Management Company, Inc.
Dreyfus Variable Investment Fund
Appreciation Portfolio — Initial Shares	Seeks primarily to provide long-term capital growth consistent with the preservation of capital; current income is a secondary investment objective. The portfolio invests primarily in the common stocks of domestic and foreign issuers.	The Dreyfus Corporation Subadviser: Fayez Sarofim & Co.
Small Cap Portfolio — Initial Shares	Seeks to maximize capital appreciation by investing at least 80% of its assets in the stocks of small-cap companies. Small-cap companies are defined as those with market capitalizations of less than $2 billion at the time of purchase.	The Dreyfus Corporation
Franklin Templeton Variable Insurance Products Trust
Mutual Shares Securities Fund – Class 2	Seeks to achieve capital appreciation by investing primarily in equity securities of companies believed to be available at market prices less than their value based on certain recognized or objective criteria.	Franklin Mutual Advisers, LLC
Templeton Growth Securities Fund – Class 2	Seeks capital growth by investing predominantly in equity securities of companies with a favorable outlook for earnings and whose rate of growth is expected to exceed that of the U.S. economy over time. Current income is only an incidental consideration.	Templeton Global Advisors Limited, Inc.
Greenwich Street Series Fund
Emerging Growth Portfolio	Seeks capital appreciation by investing primarily in common stocks of emerging companies, without regard to market capitalization.	Salomon Brothers Asset Management Inc. (“SBAM”)
Equity Index Portfolio — Class II Shares	Seeks to replicate, before deduction of expenses, the total return performance of the S&P 500 Index.	Travelers Investment Management Co. (“TIMCO”)
Growth and Income Portfolio	Seeks income and long-term capital growth by investing in the equity securities of companies with consistent dividend-paying histories, the capacity to raise dividends in the future, and the potential for capital appreciation.	SBAM
Janus Aspen Series
Balanced Portfolio — Service Shares	Seeks long-term capital growth, consistent with preservation of capital and balanced by current income.	Janus Capital
Global Life Sciences Portfolio — Service Shares	Seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign companies, normally investing at least 65% of its total assets in companies with a life science orientation.	Janus Capital
Global Technology Portfolio — Service Shares	Seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign companies, normally investing at least 65% of its total assets in companies likely to benefit significantly from advances in technology.	Janus Capital
Worldwide Growth Portfolio – Service Shares	Seeks growth of capital in a manner consistent with preservation of capital by investing primarily in common stocks of companies of any size throughout the world.	Janus Capital

Funding Option	Investment Objective	Investment Adviser/Subadviser
PIMCO Variable Insurance Trust
Total Return Portfolio — Administrative Class	Seeks maximum total return, consistent with preservation of capital and prudent investment management, by investing under normal circumstances at least 65% of its assets in a diversified portfolio of Fixed Income instruments of varying maturities.	Pacific Investment Management Company LLC
Putnam Variable Trust
Putnam VT International Growth Fund — Class IB Shares	Seeks capital appreciation by investing mostly in common stocks of companies outside the United States.	Putnam Investment Management, Inc. (“Putnam”)
Putnam VT Small Cap Value Fund — Class IB Shares	Seeks capital appreciation by investing mainly in common stocks of U.S. companies with a focus on value stocks.	Putnam
Putnam VT Voyager II Fund — Class IB Shares	Seeks capital appreciation by investing mainly in common stocks of U.S. companies with a focus on growth stocks.	Putnam
Salomon Brothers Variable Series Fund, Inc.
Capital Fund	Seeks capital appreciation, primarily through investments in common stocks which are believed to have above-average price appreciation potential and which may involve above average risk.	SBAM
Investors Fund	Seeks long-term growth of capital, and, secondarily, current income, through investments in common stocks of well-known companies.	SBAM
Large Cap Growth Fund	Seeks long-term growth of capital by investing primarily in equity securities of companies with total market capitalizations of $5 billion or more at the time of investment.	SBAM
Small Cap Growth Fund	Seeks long-term growth of capital by investing under normal circumstances at least 80% of its assets in equity securities of companies with market capitalizations similar to that of companies included in the Russell 2000 Growth Index.	SBAM
The Travelers Series Trust
Convertible Securities Portfolio	Seeks current income and capital appreciation by investing in convertible bond securities and in combinations of nonconvertible fixed-income securities and warrants or call options that together resemble convertible securities.	TAMIC
Disciplined Mid Cap Stock Portfolio	Seeks growth of capital by investing primarily in a broadly diversified portfolio of U.S. common stocks.	TAMIC Subadviser: TIMCO
Equity Income Portfolio	Seeks reasonable income by investing at least 80% in equity securities. The Fund normally invests primarily in income producing equities. The balance may be invested in all types of domestic and foreign securities, including bonds. The Subadviser also considers the potential for capital appreciation.	TAMIC Subadviser: Fidelity Management & Research Co (“FMR”)
Federated High Yield Portfolio	Seeks high current income by investing primarily in a professionally managed, diversified portfolio of fixed income securities.	TAMIC Subadviser: Federated Investment Counseling, Inc.

Funding Option	Investment Objective	Investment Adviser/Subadviser
Federated Stock Portfolio	Seeks growth of income and capital by investing principally in a professionally managed and diversified portfolio of common stock of high-quality companies (i.e., leaders in their industries and characterized by sound management and the ability to finance expected growth).	TAMIC Subadviser: Federated Investment Counseling, Inc.
Large Cap Portfolio	Seeks long-term growth of capital by investing primarily in equity securities of companies with large market capitalizations.	TAMIC Subadviser: FMR
Lazard International Stock Portfolio	Seeks capital appreciation by investing primarily in the equity securties of non-United States companies (i.e., incorporated or organized outside the United States).	TAMIC Subadviser: Lazard Asset Management
MFS Emerging Growth Portfolio	Seeks to provide long-term growth of capital. Dividend and interest income from portfolio securities, if any, is incidental to the MFS Portfolio’s investment objective.	TAMIC Subadviser: Massachusetts Financial Services (“MFS”)
MFS Mid Cap Growth Portfolio	Seeks to obtain long-term growth of capital by investing, under normal market conditions, at least 80% of its assets in equity securities of companies with medium market capitalization which the investment adviser believes have above-average growth potential.	TAMIC Subadviser: MFS
MFS Research Portfolio	Seeks to provide long-term growth of capital and future income.	TAMIC Subadviser: MFS
Travelers Quality Bond Portfolio	Seeks current income, moderate capital volatility and total return.	TAMIC
Travelers Series Fund Inc.
AIM Capital Appreciation Portfolio	Seeks capital appreciation.	Travelers Investment Adviser (“TIA”) Subadviser: AIM Capital Management Inc.
Alliance Growth Portfolio	Seeks long-term growth of capital..	TIA Subadviser: Alliance Capital Management L.P.
MFS Total Return Portfolio	(a balanced portfolio) Seeks to obtain above-average income (compared to a portfolio entirely invested in equity securities) consistent with the prudent employment of capital, and secondarily to provide a reasonable opportunity for growth of capital and income.	TIA Subadviser: MFS
Van Kampen Life Investment Trust
Comstock Portfolio — Class II Shares	Seeks capital growth and income through investments in equity securities, including common stocks and securities convertible into common and preferred stocks.	Van Kampen Asset Management, Inc. (“VKAM”)

Enterprise Portfolio — Class II Shares	Seeks capital appreciation through investments believed by the Adviser to have above-average potential for capital appreciation.	VKAM
Variable Insurance Products Fund II
Contrafund® Portfolio — Service Class 2	Seeks long-term capital appreciation by investing primarily in common stocks of companies whose value the adviser believes is not fully recognized by the public.	FMR
Variable Insurance Products III
Dynamic Capital Appreciation Portfolio — Service Class 2	Seeks capital appreciation by investing primarily in common stocks of both domestic and foreign issuers.	FMR
Mid Cap Portfolio — Service Class 2	Seeks long-term growth of capital and income by investing primarily in income-producing equity securities, including common stocks and convertible securities.	FMR

FIXED ACCOUNT

We offer our Fixed Account as a funding option. Please see Appendix A for more information.

CHARGES AND DEDUCTIONS

General

the ability for you to make withdrawals and surrenders under the Contracts;

the death benefit paid on the death of the contract owner, annuitant, or first of the joint owners,

the available funding options and related programs (including dollar-cost averaging, portfolio rebalancing, and systematic withdrawal programs);

administration of the annuity options available under the Contracts; and

the distribution of various reports to contract owners.

Costs and expenses we incur include:

losses associated with various overhead and other expenses associated with providing the services and benefits provided by the Contracts,

sales and marketing expenses including commission payments to your sales agent, and

other costs of doing business.

Risks we assume include:

that annuitants may live longer than estimated when the annuity factors under the Contracts were established;

that the amount of the death benefit will be greater than the contract value, and

that the costs of providing the services and benefits under the Contracts will exceed the charges deducted.

We may also deduct a charge for taxes.

Unless otherwise specified, charges are deducted proportionately from all funding options in which you are invested.

Withdrawal Charge

We do not deduct a sales charge from purchase payments when they are made to the Contract. However, a withdrawal charge will apply if purchase payments are withdrawn before they have been in the Contract for four years. We will assess the charge as a percentage of the purchase payment withdrawn as follows:

Years Since Purchase Payment Made		Withdrawal Charge
0-1		6%
2		5%
3		4%
4 and over		0%

For purposes of the withdrawal charge calculation, withdrawals are deemed to be taken first from:

	(a)		any purchase payment to which no withdrawal charge applies then;

	(b)		any remaining free withdrawal allowance (as described below) (after being reduced by (a)), then;

	(c)		any remaining purchase payment to which a withdrawal charge applies (on a first-in, first-out basis), then;

	(d)		any Contract earnings.

Unless you instruct us otherwise, we will deduct the withdrawal charge from the amount requested.

We will not deduct a withdrawal charge if purchase payments are distributed:

due to the death of the contract owner or the annuitant (with no contingent annuitant surviving)

if a lifetime annuity payout has begun

under the Managed Distribution Program

if you elect annuity payments for a fixed period of at least five years, or

if amounts withdrawn under this Contract are applied to other Contract(s) issued by us or our affiliates (subject to our approval).

Free Withdrawal Allowance

The free withdrawal allowance does not apply to any withdrawals transferred directly to other unaffiliated carriers or financial institutions.

Beginning in the second contract year, you may withdraw up to 15% of the contract value annually, without a withdrawal charge. In addition, if you have enrolled in our systematic withdrawal program and have made an initial purchase payment of at least $50,000, you may withdraw up to 15% of the contract value in the first contract year without incurring a withdrawal charge. (If you have purchase payments no longer subject to a withdrawal charge, the maximum you may withdraw without a withdrawal charge is the greater of (a) the free withdrawal allowance, or (b) the total amount of purchase payments no longer subject to a withdrawal charge. (Note: Any free withdrawal taken will reduce purchase payments no longer subject to a withdrawal charge.) The available free withdrawal amount is 15% of the contract value at the end of the previous contract year.

Transfer Charge

Administrative Charges

prorate this charge (i.e. calculate) from the date of purchase. We will also prorate this charge if you surrender your Contract, or if we terminate your Contract. We will not deduct a contract administrative charge:

(1) from the distribution of death proceeds;

(2) after an annuity payout has begun; or

(3) if the contract value on the date of assessment equals or is greater than $40,000.

Mortality and Expense Risk Charge

Each business day, we deduct a mortality and expense risk (“M&E”) charge from amounts we hold in the variable funding options. We reflect the deduction in our calculation of accumulation and annuity unit values. The charges stated are the maximum for this product, and is equal to 1.70% annually. We reserve the right to lower this charge at any time. This charge compensates the Company for risks assumed, benefits provided and expenses incurred, including the payment of commissions to your sales agent.

E.S.P. Charge

Variable Liquidity Benefit Charge

If the Variable Liquidity Benefit is selected, there is a maximum surrender charge of 6% of the amounts withdrawn. Please refer to “The Annuity Period” for a description of this benefit.

Variable Funding Option Expenses

Premium Tax

Changes in Taxes Based upon Premium or Value

If there is any change in a law assessing taxes against the Company based upon premiums, contract gains or value of the Contract, we reserve the right to charge you proportionately for this tax.

TRANSFERS

the total dollar amount being transferred;

the number of transfers you made within the previous three months;

whether your transfers follow a pattern designed to take advantage of short term market fluctuations; and

whether your transfers are part of a group of transfers made by a third party on behalf of the individual contract owners in the group.

reject the transfer instructions of any agent acting under a power of attorney on behalf of more than one owner, or

reject the transfer or exchange instructions of individual owners who have executed pre-authorized transfer forms which are submitted by market timing firms or other third parties on behalf of more than one owner.

Dollar Cost Averaging

Dollar cost averaging or the pre-authorized transfer program (the “DCA Program”) allows you to transfer a set dollar amount to other funding options on a monthly or quarterly basis during the accumulation phase of the Contract. Using this method, you will purchase more accumulation units in a funding option if the value per unit is low and will purchase fewer accumulation units if the value per unit is high. Therefore, you may achieve a lower-than-average cost per unit in the long run if you have the financial ability to continue the program over a long enough period of time. Dollar cost averaging does not assure a profit or protect against a loss.

In addition to the DCA Program, within the Fixed Account, we may credit increased interest rates to contract owners under an administrative Special DCA Program established at our discretion, depending on availability and state law. Under this program, the contract owner may pre-authorize level transfers to any of the funding options under either a 6 Month, 12 Month or 24 Month Program. The Programs will generally have different credited interest rates. Under each Program, the interest rate can accrue up to the applicable number of months on the remaining amounts in the Special DCA Program and we must transfer all purchase payments and accrued interest on a level basis to the selected funding options in the applicable time period. For example, under the 12 Month Program, the interest rate can accrue up to 12 months on the remaining amounts in the Special DCA Program and we must transfer all purchase payments and accrued interest in this Prog ram on a level basis to the selected funding options in 12 months.

You may start or stop participation in the DCA Program at any time, but you must give the Company at least 30 days’ notice to change any automated transfer instructions that are currently in place. If you stop the Special DCA Program and elect to remain in the Fixed Account, we will credit your contract value for the remainder of 6 or 12 months with the interest rate for non-Program funds.

ACCESS TO YOUR MONEY

For amounts allocated to the variable funding options, we may defer payment of any cash surrender value for a period of up to five business days after the written request is received. For amounts allocated to the Fixed Account, we may defer payment of any cash surrender value for a period up to six months. In either case, it is our intent to pay as soon as possible. We cannot process requests for withdrawals that are not in good order. We will contact you if there is a deficiency causing a delay and will advise what is needed to act upon the withdrawal request.

Systematic Withdrawals

We reserve the right to discontinue offering systematic withdrawals or to assess a processing fee for this service upon 30 days’ written notice to contract owners (where allowed by state law).

Loans

OWNERSHIP PROVISIONS

Types of Ownership

Contract Owner

You receive all payments while the annuitant is alive unless you direct them to an alternate recipient. An alternate recipient does not become the contract owner.

Beneficiary

case of a non-spousal beneficiary or a spousal beneficiary who has not chosen to assume the Contract, we will not transfer or otherwise remove the death benefit proceeds from either the variable funding options or the Fixed Account, as most recently elected by the contract owner, until the death report date.

Unless you have named an irrevocable beneficiary you have the right to change any beneficiary by written request during the lifetime of the annuitant and while the Contract continues.

Annuitant

Contingent Annuitant

the death benefit will not be payable upon the annuitant’s death

the contingent annuitant becomes the annuitant

all other rights and benefits will continue in effect

When a contingent annuitant becomes the annuitant, the maturity date remains the same as previously in effect.

If the annuitant is also the owner, a death benefit is paid to the beneficiary regardless of whether or not there is a contingent annuitant.

DEATH BENEFIT

Note: If the owner dies before the annuitant, the death benefit is recalculated, replacing all references to “annuitant” with “owner.”

Death Proceeds Before the Maturity Date

Annual Step-Up Death Benefit

The death benefit will be the greatest of:		the contract value
		the total purchase payments made under this
		Contract; or
		the Step-Up Value, if any, as described below

Step-Up Value

the Step-Up Value by a partial surrender reduction as described below. On each contract date anniversary that occurs before the annuitant’s 80th birthday and before the annuitant’s death, if the contract value is greater than the Step-Up Value, we will reset the Step-Up Value to equal the contract value on that date. If the Step-Up Value is greater than the contract value, the Step-Up Value will remain unchanged. We will not reduce the Step-Up Value on these anniversary recalculations (provided no withdrawals or surrenders are made on that day). The only changes made to the Step-Up Value on or after the annuitant’s 80th birthday will be those related to additional purchase payments or withdrawals as described below. If the death report date is before the first contract date anniversary, there is no Step-Up Value.

Partial Surrender Reduction If you make a withdrawal, we will reduce the Step-Up Value by a partial surrender reduction which equals (1) the death benefit value in effect immediately before the reduction for withdrawal, multiplied by (2) the amount of the withdrawal, divided by (3) the contract value before the withdrawal.

For example, assume your current contract value is $55,000. If your current Step-Up Value is $50,000, and you decide to make a withdrawal of $10,000, we would reduce the Step-Up Value as follows:

50,000 x (10,000/55,000) = 9,090

Your new Step-Up Value would be 50,000-9,090, or $40,910.

50,000 x (10,000/30,000) = 16,666

Your new Step-Up Value would be 50,000-16,666, or $33,334.

Enhanced Stepped-Up Provision (“E.S.P.”). (This provision is not available to a customer when either the annuitant or owner is age 76 or older on the rider effective date.)

50,000 X (10,000/55,000) = 9,090

You new modified purchase payment would be $50,000 - $9,090 = 40,910

50,000 X (10,000/30,000) = 16,666

Your new modified purchase payment would be 50,000 - 16,666 = $33,334

Payment of Proceeds

Nonqualified Contracts

*Before the Maturity Date,* upon the Death of the	The Company Will Pay the Proceeds to:	unless. . .	Mandatory Payout Rules Apply*
Owner (who is not the annuitant) (with no joint owner)	The beneficiary (ies), or if none, to the contract owner’s estate.	Unless, the beneficiary elects to continue the contract rather than receive the distribution.	Yes

Owner (who is the annuitant) (with no joint owner)	The beneficiary (ies), or if none, to the contract owner’s estate.	Unless, the beneficiary elects to continue the contract rather than receive the distribution.	Yes

Non-Spousal Joint Owner (who is not the annuitant)	The surviving joint owner.		Yes

Non-Spousal Joint Owner (who is the annuitant)	The beneficiary (ies), or if none, to the surviving joint owner.	Unless the beneficiary elects to continue the contract rather than receive the distribution.	Yes

Spousal Joint Owner (who is not the annuitant)	The surviving joint owner.	Unless the spouse elects to continue the contract.	Yes

Non-Spousal Joint Owner (who is the annuitant)	The beneficiary (ies), or if none, to the surviving joint owner.	Unless the spouse elects to continue the contract. A spouse who is not the beneficiary may decline to receive the proceeds and instruct the company to pay the beneficiary who may take a lump sum or elect to continue the contract.	Yes

Annuitant (who is not the contract owner)	The beneficiary (ies), or if none, to the contract owner	Unless, where there is no contingent annuitant, the beneficiary elects to continue the contract rather than receive the distribution. Or, unless there is a contingent annuitant. Then, the contingent annuitant becomes the annuitant and the contract continues in effect (generally using the original maturity date). The proceeds will then be paid upon the death of the contingent annuitant or owner.	Yes

*Before the Maturity Date,* upon the Death of the	The Company Will Pay the Proceeds to:	unless. . .	Mandatory Payout Rules Apply*
Annuitant (who is the contract owner)	See death of “owner who is the annuitant” above.		Yes

Annuitant (where owner is a nonnatural person/trust)	The beneficiary (ies) (e.g. the trust) or if none, to the owner.		Yes (Death of annuitant is treated as death of the owner in these circumstances.)

Contingent Annuitant (assuming annuitant is still alive)	No death proceeds are payable; contract continues.		N/A

Beneficiary	No death proceeds are payable; contract continues.		N/A

Contingent Beneficiary	No death proceeds are payable; contract continues.		N/A

______________

Spousal Contract Continuance (Subject to Availability - Does Not Apply if a Non-Spouse is a Joint Owner)

Within one year of your death, if your spouse is named as an owner and/or beneficiary, and you die before the maturity date, your spouse may elect to continue the Contract as owner rather than have the death benefit paid to the beneficiary. If you were the annuitant and your spouse elects to continue the Contract, your spouse will be named the annuitant as of the death report date.

If your spouse elects to continue the Contract, the death benefit will be calculated as of the death report date. If the contract value is less than the calculated death benefit, the contract value will be increased to equal the death benefit. This amount is referred to as the adjusted contract value. Any difference between the contract value and the adjusted contract value will be allocated to the funding options in the same proportion as the allocations of the Contract prior to the death report date.

Any premium paid before the death report date is no longer subject to a withdrawal charge if your spouse elects to continue the Contract. Purchase payments made to the Contract after the death report date will be subject to the withdrawal charge. All other Contract fees and charges applicable to the original Contract will also apply to the continued Contract. All other benefits and features of your Contract will be based on your spouse’s age on the death report date as if your spouse had purchased the Contract with the adjusted contract value on the death report date. This spousal contract continuance is available only once for each Contract.

Qualified Contracts

*Before the Maturity Date,* upon the Death of the	The Company Will Pay the Proceeds to:	unless. . .	Mandatory Payout Rules Apply*
Owner / Annuitant	The beneficiary (ies), or if none, to the contract owner’s estate.	Unless the beneficiary elects to continue the Contract rather than receive a distribution.	Yes

Beneficiary	No death proceeds are payable; contract continues.		N/A

Contingent Beneficiary	No death proceeds are payable; contract continues.		N/A

Beneficiary Contract Continuance (Not permitted for non-natural beneficiaries)

If you die before the maturity date, and if the value of any beneficiary’s portion of the death benefit is between $20,000 and $1,000,000 as of the death report date, (more than $1,000,000 is subject to home office approval), your beneficiary(s) may elect to continue his/her portion of the Contract subject to applicable Internal Revenue Code distribution requirements, rather than receive the death benefit in a lump sum.

If your beneficiary elects to continue the Contract, the death benefit will be calculated as of the death report date. The initial contract value of the continued contract (the “adjusted contract value”) will equal the greater of the contract value or the death benefit calculated on the death report date and will be allocated to the funding options in the same proportion as prior to the death report date.

The beneficiary who continues the Contract will be granted the same rights as the owner under the original Contract, except the beneficiary cannot:

transfer ownership

take a loan

make additional purchase payments

The beneficiary may also name his/her own beneficiary (“succeeding beneficiary”) and has the right to take withdrawals at any time after the death report date without a withdrawal charge. All other fees and charges applicable to the original contract will also apply to the continued contract. The E.S.P. option is not available to a beneficiary who has continued the Contract under this provision. All benefits and features of the continued contract will be based on the beneficiary’s age on the death report date as if the beneficiary had purchased the Contract with the adjusted contract value on the death report date.

Planned Death Benefit

You may request that rather than receive a lump-sum death benefit, the beneficiary(ies) receive all or a portion of the death benefit proceeds either:

through an annuity for life or a period that does not exceed the beneficiary’s life expectancy; or

under the terms of the Beneficiary Continuance provision described above. If the Beneficiary Continuance provision is selected, no surrenders will be allowed other than payments meant to satisfy minimum distribution amounts or systematic withdrawal amounts, if greater.

at less frequent intervals, resulting in a payment of at least $100 per year. If no beneficiary is alive when death benefits become payable, we will pay the death benefit as provided in your Contract.

Death Proceeds after the Maturity Date

THE ANNUITY PERIOD

Maturity Date

Under the Contract, you can receive regular income payments (annuity payments). You can choose the month and the year in which those payments begin (maturity date). You can also choose among income payouts (annuity options) or elect a lump sum distribution. While the annuitant is alive, you can change your selection any time up to the maturity date. Annuity payments will begin on the maturity date stated in the Contract unless (1) you fully surrendered the Contract; (2) we paid the proceeds to the beneficiary before that date; or (3) you elected another date. Annuity payments are a series of periodic payments (a) for life; (b) for life with either a minimum number of payments or a specific amount assured; (c) for the joint lifetime of the annuitant and another person, and thereafter during the lifetime of the survivor, or (d) ) for a fixed amount or fixed period. We may require proof that the annuitant is alive before w e make annuity payments. Not all options may be available in all states.

Allocation of Annuity

Variable Annuity

Determination of First Annuity Payment. Your Contract contains the tables we use to determine your first monthly annuity payment. If you elect a variable annuity, the amount we apply to it will be the cash surrender value as of 14 days before the date annuity payments begin, less any applicable premium taxes not previously deducted.

monthly annuity payment by multiplying the benefit per $1,000 of value shown in the Contract tables (or, if they would produce a larger payment, the tables then in effect on the maturity date) by the number of thousands of dollars of contract value you apply to that annuity option. The contract tables factor in an assumed daily net investment factor. We call this your net investment rate. For example, a net investment rate of 3% corresponds to an annual interest rate of 3%. This means that if the annualized investment performance, after expenses, of your variable funding options is less than 3%, then the dollar amount of your variable annuity payments will decrease. However, if the annualized investment performance, after expenses, of your variable funding options is greater than 3%, then the dollar amount of your variable annuity payments will increase.

Fixed Annuity

PAYMENT OPTIONS

Election of Options

While the annuitant is alive, you can change your annuity option selection any time up to the maturity date. Once annuity payments have begun, no further elections are allowed.

Annuity Options

payments have been made for less than 120, 180 or 240 months, as elected, we will continue making payments to the beneficiary during the remainder of the period.

Option 5 — Payments for a Fixed Period. We will make periodic payments for the period selected.

Option 6 – Other Annuity Options – We will make any other arrangements for annuity payments as may be mutually agreed upon.

Variable Liquidity Benefit

This benefit is only offered with Variable Annuity Options (as described in the Settlement Provisions of the Contract) for Fixed Period Option only payments, without Life Contingency.

MISCELLANEOUS CONTRACT PROVISIONS

Right to Return

You may return the Contract for a full refund of the contract value plus any contract charges and premium taxes you paid (but not any fees and charges the underlying fund assessed) within ten days after you receive it (the “right to return period”). You bear the investment risk of investing in the variable funding options during the right to return period; therefore, the contract value we return may be greater or less than your purchase payment.

Termination

address and to any assignee of record. If we terminate the Contract, we will pay you the cash surrender value less any applicable taxes.

Required Reports

Suspension of Payments

THE SEPARATE ACCOUNTS

Certain variable annuity separate accounts and variable life insurance separate accounts may invest in the funding options simultaneously (called “mixed” and “shared” funding). It is conceivable that in the future it may be disadvantageous to do so. Although the Company and the variable funding options do not currently foresee any such disadvantages either to variable annuity contract owners or variable life policy owners, each variable funding option’s Board of Directors intends to monitor events in order to identify any material conflicts between them and to determine what action, if any, should be taken. If a Board of Directors was to conclude that separate funds should be established for variable life and variable annuity separate accounts, the variable annuity contract owners would not bear any of the related expenses, but variable annuity contract owners and variable life insurance policy owners would no longer have the economies of scale resulting from a larger combined fund.

Performance Information

Standardized Method. We compute quotations of average annual total returns according to a formula in which a hypothetical initial investment of $1,000 is applied to the variable funding option, and then related to ending redeemable values over one-, five-, and ten-year periods, or for a period covering the time during which the funding option has been in existence, if less. These quotations reflect the deduction of all recurring charges during each period (on a pro rata basis in the case of fractional periods). We convert the deduction for the annual contract administrative charge to a percentage of assets based on the actual fee collected, divided by the average net assets for Contracts sold. Each quotation assumes a total redemption at the end of each period with the applicable withdrawal charge deducted at that time.

FEDERAL TAX CONSIDERATIONS

Non-Resident Aliens

General Taxation of Annuities

Types of Contracts: Qualified or Nonqualified

If you purchase an annuity Contract with proceeds of an eligible rollover distribution from any qualified employee pension plan or individual retirement annuity (IRA), your Contract is referred to as a qualified Contract. Some examples of qualified Contracts are: IRAs, 403(b) annuities established by public school systems or certain tax-exempt organizations, corporate sponsored pension and profit-sharing plans (including 401(k) plans), Keogh Plans (for self-employed individuals), and certain other qualified deferred compensation plans. An exception to this is a qualified plan called a Roth IRA. Under Roth IRAs, after-tax contributions accumulate until maturity, when amounts (including earnings) may be withdrawn tax-free. The rights and benefits under a qualified Contract may be limited by the terms of the retirement plan, regardless of the terms and conditions of the Contract. If you purchase the Contract on an individual basis with after-tax dollars and not under one of the pro grams described above, your Contract is referred to as nonqualified.

Nonqualified Annuity Contracts

Puerto Rico Tax Considerations

two jurisdictions. Although the 1994 Code provides a credit against the Puerto Rico income tax for U.S. income taxes, an individual may not get fully credit because of the timing differences. You should consult with a personal tax adviser regarding the tax consequences of purchasing an annuity contract and/or a proposed distribution.

Qualified Annuity Contracts

Penalty Tax for Premature Distributions

Diversification Requirements for Variable Annuities

Ownership of the Investments

Mandatory Distributions For Qualified Plans

Taxation of Death Benefit Proceeds

OTHER INFORMATION

The Insurance Companies

Please refer to your Contract to determine which Company issued your Contract.

Financial Statements

The financial statements for the Company are located in the Statement of Additional Information.

Distribution of Variable Annuity Contracts

We intend to sell the Contracts in all jurisdictions where we are licensed to do business and where the Contract is approved. Any registered representative of affiliated or independent broker-dealers who sell the Contracts will be qualified to sell variable annuities under applicable federal and state laws. Each broker-dealer is registered with the SEC under the Securities Exchange Act of 1934, and all are members of the NASD. The Contract is offered through both affiliated and non-affiliated broker dealers. The principal underwriter of the Contracts is our affiliate, Travelers Distribution LLC, One Tower Square, Hartford, CT.

Up-front compensation paid to sales representatives will not exceed 8% of the purchase payments made under the Contracts. If asset based compensation is paid, it will not exceed 2% of the average account value annually.. In addition, Tower Square Securities, Inc., an affiliate of the Company, receives additional incentive payments from the Company relating to the sale of the Contracts. From time to time, we may pay or permit other promotional incentives, in cash, credit or other compensation.

Conformity with State and Federal Laws

Voting Rights

Legal Proceedings and Opinions

APPENDIX A

THE FIXED ACCOUNT

Transfers

A-1

APPENDIX B

CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION

Name:
Address:

B-1

L-12961

May 1, 2002