<PAGE> 1
GOLD TRACK PROSPECTUS
THE TRAVELERS INSURANCE COMPANY SUPPLEMENT
May 1, 1999
This page supplements the May 1, 1999 prospectus for the Gold Track Annuity
issued by The Travelers Insurance Company.
1. The "Funding Option Expenses" table on page 7 is revised as follows for
the Emerging Opportunities Fund and the Global High-Yield Bond Fund of
American Odyssey Funds, Inc.:
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
Total
Management Fee Other Expenses Annual Operating Expenses
(after expense (after expense (after expense
reimbursement) reimbursement) reimbursements)
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
American Odyssey Funds, Inc.
Emerging Opportunities Fund........................ 0.77% 0.14% 0.91%(1)
Global High-Yield Bond Fund........................ 0.68% 0.16% 0.84%(2)
- -------------------------------------------------------------------------------------------------------------------------
American Odyssey Funds, Inc.*
Emerging Opportunities Fund......................... 0.77% 1.39% 2.16%(1)
Global High Yield Bond Fund......................... 0.68% 1.41% 2.09%(2)
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
* Includes CHART asset allocation fee of 1.25%.
(1) Management Fees for the American Odyssey Emerging
Opportunities Fund reflect the period 05/01/98 to 12/31/98.
On May 1, 1998, the Fund adopted its current fee structure.
(2) Fees and expenses for the American Odyssey Global
High-Yield Bond Fund reflect the period 05/01/98 to
12/31/98. On May 1, 1998, the Fund adopted its current fee
structure and investment objective and strategy.
2. The Example table on page 9 is revised as follows for the Emerging
Opportunities Fund and the Global High-Yield Bond Fund for American
Odyssey Funds, Inc.:
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
If Contract is surrendered at the If Contract is NOT surrendered or annuitized
end of period shown at end of period shown:
- --------------------------------------------------------------------------------------------------------------------------------
Underlying Funding Options 1 year 3 years 5 years 10 years 1 year 3 years 5 years 10 years
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
American Odyssey Funds, Inc.(1)
Emerging Opportunities Fund........ $76 $129 $185 $287 $26 $79 $135 $287
Global High-Yield Bond Fund........ 75 127 181 280 25 77 131 280
- --------------------------------------------------------------------------------------------------------------------------------
American Odyssey Funds, Inc.(2)
Emerging Opportunities Fund......... 88 166 245 403 38 116 195 403
Global High Yield Bond Fund......... 87 164 242 397 37 114 192 397
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Reflects expenses that would be incurred for those contract owners
who DO NOT participate in the CHART Asset Allocation program.
(2) Reflects expenses that would be incurred for those contract owners
who DO participate in the CHART Asset Allocation program.
<PAGE> 2
3. The Example table on page 10 is revised as follows for the Emerging
Opportunities Fund and the Global High-Yield Bond Fund for American
Odyssey Funds, Inc.:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
If Contract is surrendered at the If Contract is NOT surrendered or
end of period shown annuitized at end of period shown:
- -----------------------------------------------------------------------------------------------------------------------------------
Underlying Funding Options 1 year 3 years 5 years 10 years 1 year 3 years 5 years 10 years
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
American Odyssey Funds, Inc.(1)
Emerging Opportunities Fund......... $77 $122 $169 $287 $26 $79 $135 $287
Global High-Yield Bond Fund......... 76 120 165 280 25 77 131 280
- -----------------------------------------------------------------------------------------------------------------------------------
American Odyssey Funds, Inc.(2)
Emerging Opportunities Fund.......... 89 157 227 403 38 116 195 403
Global High Yield Bond Fund.......... 88 155 224 397 37 114 192 397
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Reflects expenses that would be incurred for those contract owners
who DO NOT participate in the CHART Asset Allocation program.
(2) Reflects expenses that would be incurred for those contract owners
who DO participate in the CHART Asset Allocation program.
<PAGE> 3
GOLD TRACK SELECT PROSPECTUS
THE TRAVELERS INSURANCE COMPANY SUPPLEMENT
May 1, 1999
This page supplements the May 1, 1999 prospectus for the Gold Track Select
Annuity issued by The Travelers Insurance Company.
1. The "Funding Option Expenses" table on page 7 is revised as follows for
the Emerging Opportunities Fund and the Global High-Yield Bond Fund of
American Odyssey Funds, Inc.:
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------
TOTAL
ANNUAL
OTHER EXPENSES OPERATING
MANAGEMENT FEE (AFTER EXPENSES
(AFTER EXPENSE EXPENSE (AFTER EXPENSE
REIMBURSEMENT) REIMBURSEMENT) REIMBURSEMENTS)
==============================================================================================
<S> <C> <C> <C>
American Odyssey Funds, Inc.
Emerging Opportunities Fund............ 0.77% 0.14% 0.91%(2)
Global High-Yield Bond Fund............ 0.68% 0.16% 0.84%(3)
- ----------------------------------------------------------------------------------------------
American Odyssey Funds, Inc.*
Emerging Opportunities Fund............. 0.77% 1.39% 2.16%(2)
Global High Yield Bond Fund............. 0.68% 1.41% 2.09%(3)
- ----------------------------------------------------------------------------------------------
</TABLE>
* Includes CHART asset allocation fee of 1.25%.
(2) Management Fees for the American Odyssey Emerging Opportunities Fund
reflect the period 05/01/98 to 12/31/98. On May 1, 1998, the Fund
adopted its current fee structure.
(3) Fees and expenses for the American Odyssey Global High-Yield Bond
Fund reflect the period 05/01/98 to 12/31/98. On May 1, 1998, the
Fund adopted its current fee structure and investment objective and
strategy.
2. The Example table on page 10 is revised as follows for the Emerging
Opportunities Fund and the Global High-Yield Bond Fund for American
Odyssey Funds, Inc.:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
IF CONTRACT IS SURRENDERED IF CONTRACT IS NOT
AT THE SURRENDERED OR ANNUITIZED
END OF PERIOD SHOWN AT END OF PERIOD SHOWN:
- ------------------------------------------------------------------------------------------------
Underlying Funding Option 1 year 3 years 5 years 10 years 1 years 3 years 5 years 10 years
================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
American Odyssey Funds, Inc.(1)
Emerging Opportunities Fund... $74 $113 $153 $254 $22 $69 $118 $254
Global High-Yield Bond Fund... 73 111 149 247 22 67 115 247
- ------------------------------------------------------------------------------------------------
American Odyssey Funds, Inc.(2)
Emerging Opportunities Fund.... 86 148 212 374 35 106 180 374
Global High Yield Bond Fund.... 85 146 209 368 34 104 167 368
- ------------------------------------------------------------------------------------------------
</TABLE>
(1) Reflects expenses that would be incurred for those contract owners who DO
NOT participate in the CHART Asset Allocation program.
(2) Reflects expenses that would be incurred for those contract owners who DO
participate in the CHART Asset Allocation program.
