<PAGE> 1
May 1, 2000 Supplement to
Prospectuses Dated May 1, 2000
Gold Track Select (New York Only)
The following information supplements the Prospectus for The Travelers Fund QP
for Variable Annuities. Keep this supplement with the Gold Track Select
Prospectus for future reference.
Additional funding options are available under the Gold Track Select Contract
in the state of New York. They are listed below, along with their investment
objectives and investment advisers. For additional information regarding each
funding option, please refer to the applicable prospectus which must accompany
the Gold Track Select prospectus.
<TABLE>
<CAPTION>
<S> <C> <C>
- --------------------------------------------------------------------------------
Investment Options Investment Objective Investment
Adviser/Subadviser
- --------------------------------------------------------------------------------
Dreyfus Stock Index Seeks investment results Mellon Equity
Fund that correspond to the price Associates
and yield performance of
publicly traded common
stocks in the aggregate
- --------------------------------------------------------------------------------
Franklin Templeton
Variable Insurance
Products Trust:
- --------------------------------------------------------------------------------
Templeton Global Income Seeks high current income Franklin Advisers,
Securities Fund* Inc. Subadviser:
Templeton Investment
Counsel, Inc.
- --------------------------------------------------------------------------------
Templeton Growth Seeks capital growth Templeton Global
Securities Fund* Advisors, Limited
- --------------------------------------------------------------------------------
Templeton Asset Seeks high level of total Templeton Investment
Strategy Fund** return with reduced risk Counsel, Inc.
over the long term
- --------------------------------------------------------------------------------
Variable Insurance
Products Fund:
- --------------------------------------------------------------------------------
High Income Portfolio*- Seeks high level of current Fidelity Management
Initial Class income by investing primarily & Research Company
in high-yielding (i.e., high
risk), lower-rated, fixed-
income securities, while
also considering growth
of capital
- --------------------------------------------------------------------------------
Equity-Income Seeks reasonable income by Fidelity Management
Portfoio*-Initial Class investing primarily in & Research Company
income-producing equity
securities
- --------------------------------------------------------------------------------
Growth Portfoio- Seeks capital appreciation Fidelity Management
Initial Class & Research Company
- --------------------------------------------------------------------------------
Variable Insurance
Products Fund II:
- --------------------------------------------------------------------------------
Asset Manager Seeks high total return Fidelity Management
Portfolio**-Initial with reduced risk over the & Research Company
Class long run
- --------------------------------------------------------------------------------
</TABLE>
The Funding Options marked with an asterisk (*) are considered Competing Funds,
and may be subject to transfer restrictions. Those marked with two astericks
(**) are not currently considered Competing Funds, but may be so in the future
because of an allowable change in the Funding Option's investment strategy.
Please refer to the contract for transfer restrictions.
<PAGE> 2
Fee Table Information
(based on information as of 12/31/99):
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Total
Management Fee Other Expenses Annual Operating
(after expense (after expense Expenses
reimbursement) reimbursment) (after expense
reimbursement)
Dreyus Stock Index 0.25% 0.01% 0.26%
Fund
Templeton Global Income 0.60% 0.05% 0.65%
Securities Fund
(Class 1)
Templeton Growth 0.83% 0.05% 0.88%
Securities Fund
(Class 1)
Templeton Asset 0.60% 0.18% 0.78%
Strategy Fund
(Class 1)
High Income Portfolio 0.58% 0.11% 0.69%
Equity-Income Portfoio 0.48% 0.08%(1) 0.56%
Growth Portfolio 0.58% 0.07%(1) 0.65%
Asset Manager Portfolio 0.53% 0.09%(1) 0.62%
</TABLE>
(1) A portion of the brokerage commissions that certain funds pay was used to
reduce the fund's expenses. In addition, through arrangements with certain
funds, or FMR on behalf of certain funds, custodian credits realized as a
result of uninvested cash balances were used to reduce a portion of each
applicable fund's expenses. Without these reductions, Total Annual Operating
Expenses presented in this table would have been 0.57% for Equity-Income
Portfolio, 0.66% for Growth Portfolio and 0.63% for Asset Manager Portfolio.
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>
<C> <C> <C>
If the Contract/Certificate If the Contract/Certificate
is surrendered at the end is surrendered at the end
of the period shown*: of the period shown:
- --------------------------------------------------------------------------------
One Three Five Ten One Three Five Ten
Year Years Years Years Year Years Years Years
- --------------------------------------------------------------------------------
Dreysus Stock Index 68 94 121 186 16 49 85 186
Fund
- --------------------------------------------------------------------------------
Templeton Global 71 105 140 227 20 61 105 227
Income Securities
Fund
- --------------------------------------------------------------------------------
Templeton Growth 74 112 151 251 22 68 117 251
Securities Fund
- --------------------------------------------------------------------------------
Templeton Asset 73 109 147 241 21 65 112 241
Strategy Fund
- --------------------------------------------------------------------------------
Fidelity VIP High 72 106 142 232 20 62 107 232
Income Portfolio
- --------------------------------------------------------------------------------
Fidelity VIP Equity- 70 102 136 218 19 58 101 218
Income Portfolio
- --------------------------------------------------------------------------------
Fidelity VIP 71 105 140 227 20 61 105 227
Growth Portfolio
- --------------------------------------------------------------------------------
Fidelity VIP II 71 104 139 224 19 60 104 224
Asset Manager
Portfolio
- --------------------------------------------------------------------------------
</TABLE>
*The applicable surrender charge may be waived upon annuitization. (See
"Charges Under the Contract" in the prospectus.)
L-21247-00 5/00
