<PAGE> 1
JANUARY 23, 1997 SUPPLEMENT TO
PROSPECTUS DATED OCTOBER 1, 1996
GOLD TRACK PROSPECTUS
The following information supplements the prospectuses dated October 1, 1996
for Travelers Fund QP for Variable Annuities.
Effective January 23, 1997, the Travelers Quality Bond Portfolio (or
"Portfolio"), a new series of shares under The Travelers Series Trust, is being
offered as an additional investment option under the Contract. Information
relating to the new Portfolio is provided below.
Fee Table Information:
<TABLE>
<CAPTION>
Total Underlying
Management Fee Other Expenses* Fund Expenses
-------------- --------------- ----------------
<S> <C> <C> <C>
Travelers Quality Bond Portfolio 0.32% 0.43% 0.75%
</TABLE>
*Other Expenses were based on estimated expenses for 1995. The Company will
reimburse the Portfolio for annual expenses (including investment advisory
fees, but excluding brokerage commissions, interest charges and taxes) over
0.75% of the Portfolio's average net assets.
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, a $1,000 investment would be subject to
the following expenses:
<TABLE>
<CAPTION>
If the Contract is not surrendered
If the Contract is surrendered at the end of the period shown
end of the period shown: or if it is annuitized:
- -----------------------------------------------------------------------------------------------------------------
One Three Five Ten One Three Five Ten
Year Years Years Years Year Years Years Years
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Quality Bond (deferred sales charge) $72 $117 N/A N/A $22 $67 N/A N/A
- -----------------------------------------------------------------------------------------------------------------
Quality Bond (surrender charge) 73 111 N/A N/A 22 67 N/A N/A
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
INVESTMENT OBJECTIVE AND INVESTMENT ADVISER
The investment objective of the Travelers Quality Bond Portfolio is to
seek current income, moderate capital volatility and total return. The
Portfolio's investment adviser is Travelers Asset Management International Inc.
("TAMIC"). TAMIC is paid an amount equivalent on an annual basis to .3233% of
the average daily net assets of the Portfolio.
L-XXXXX 1/97
