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MARCH 23, 1998 SUPPLEMENT TO
PROSPECTUSES DATED JULY 24, 1997
TRAVELERS ACCESS
THE FOLLOWING INFORMATION SUPPLEMENTS THE PROSPECTUSES DATED JULY 24, 1997 FOR
THE TRAVELERS FUND ABD FOR VARIABLE ANNUITIES AND FOR THE TRAVELERS FUND ABD II
FOR VARIABLE ANNUITIES.
Effective March 23, 1998, five new funding options are being offered under the
Contracts. Current information relating to the Portfolios is provided below.
Additional information is contained in the accompanying fund prospectuses.
FEE TABLE INFORMATION:
<TABLE>
<CAPTION>
Total Underlying
Management Fee Other Expenses Fund Expenses
-------------- -------------- ----------------
<S> <C> <C> <C>
Dreyfus Capital Appreciation Portfolio 0.75% 0.09% 0.84%
Dreyfus Small Cap Portfolio 0.75% 0.04% 0.79%
MFS Research Portfolio 0.80% 0.20% 1,2 1.00%
MFS Mid Cap Growth Portfolio 0.80% 0.20% 1,2 1.00%
Salomon Brothers Investors Fund 0.70% 0.30% 1,3 1.00%
</TABLE>
(1) As of the date of this supplement, these funds had not yet commenced
operations. Therefore, the amounts set forth for "Other Expenses" are
based on estimates for the current fiscal year and will include fees
for shareholder services, administrative fees, custodial fees, legal
and accounting fees, printing costs and registration fees.
(2) Expenses reflect a voluntary reimbursement arrangement by Travelers to
reimburse the Portfolios for the amount by which their aggregate
expenses exceed 1.00%. These expenses have been illustrated at a
limit which the Portfolios' adviser believes to be in line with the
actual projected expenses of the Portfolios.
(3) Expenses reflect the voluntary agreement by SBAM to impose an expense
cap for the fiscal year ending December 31, 1998 on the total
operating expenses of the Fund to 1.00%. Absent such agreement, the
ratio of other expenses and total operating expenses to the Fund's
average daily net assets would be 1.91% and 2.61%, respectively.
THE EXAMPLE SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN.
Assuming a 5% annual return on assets (and contract charge as 0.14%), a $1,000
investment would be subject to the following expenses, whether the contract has
been surrendered, annuitized or if no withdrawals have been made:
<TABLE>
<CAPTION>
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1 YEAR 3 YEARS 5 YEARS 10 YEARS
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Dreyfus Capital Appreciation Portfolio $23 $70 $121 $259
Dreyfus Small Cap Portfolio 22 69 118 254
MFS Research Portfolio 24 75 129 275
MFS Mid Cap Growth Portfolio 24 75 129 275
Salomon Brothers Investors Fund 24 75 129 275
- ----------------------------------------------------------------------------------------------------
</TABLE>
INVESTMENT OBJECTIVES AND INVESTMENT ADVISER INFORMATION
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
INVESTMENT
FUNDING OPTION INVESTMENT OBJECTIVE ADVISER/SUBADIVSER
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Capital Appreciation Portfolio of the Seeks primarily to provide long-term capital The Dreyfus Corporation
Dreyfus Variable Investment Fund growth consistent with the preservation of Subadviser: Fayez Sarofim & Co.
capital through investments mostly the common
stocks of domestic and foreign issuers.
Current income is a secondary investment
objective.
- -------------------------------------------------------------------------------------------------------------------------------
Small Cap Portfolio of the Dreyfus Variable Seeks to maximize capital appreciation. The Dreyfus Corporation
Investment Fund
- -------------------------------------------------------------------------------------------------------------------------------
MFS Research Portfolio of The Travelers Seeks to provide long-term growth of capital Travelers Asset Management
Series Trust and future income. International Corporation
("TAMIC")
Subadviser: Massachusetts
Financial Services Company
("MFS")
- -------------------------------------------------------------------------------------------------------------------------------
MFS Mid Cap Growth Portfolio of The Seeks to obtain long-term growth of capital by TAMIC
Travelers Series Trust investing at least 65% of its total assets in Subadviser: MFS
equity securities of companies with medium
market capitalization which the investment
adviser believes have above-average growth
potential.
- -------------------------------------------------------------------------------------------------------------------------------
Salomon Brothers Investors Fund of the Seeks long-term growth of capital. Current Salomon Brothers
Salomon Brothers Variable Series Funds, Inc. income is a secondary objective. Asset Management, Inc.
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L-21192A 3/98
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