<PAGE> 1
JANUARY 2, 2001 SUPPLEMENT TO THE
TRAVELERS VINTAGE XTRA ANNUITY
PROSPECTUS DATED MAY 1, 2000
The following sections of the prospectus are amended by adding the following
language:
1. WHAT EXPENSES WILL BE ASSESSED UNDER THE CONTRACT? (Summary)
If you select the Enhanced Stepped-Up Provision ("ESP"), an additional 0.20%
annually will be deducted from amounts in the variable funding options. THIS
PROVISION IS NOT AVAILABLE TO A CUSTOMER WHEN EITHER THE ANNUITANT OR OWNER IS
AGE 76 OR OLDER ON THE CONTRACT DATE
2. ARE THERE ANY ADDITIONAL FEATURES?
- ENHANCED STEPPED-UP PROVISION ("ESP"). For an additional charge, the total
death benefit payable will be increased by either 40% or 25%, depending on
the age of the annuitant on the Contract Date.
3. FEE TABLE
ANNUAL SEPARATE ACCOUNT CHARGES
(as a percentage of the average daily net assets of the Separate Account)
<TABLE>
<S> <C> <C> <C>
STANDARD DEATH BENEFIT WITH ESP: STANDARD DEATH BENEFIT WITHOUT ESP
Mortality and Expense Risk Charge.............1.25% Mortality and Expense Risk Charge........1.25%
Administrative Expense Charge.................0.15% Administrative Expense Charge............0.15%
ESP Charge....................................0.20% -----
----- Total Separate Account Charges..... 1.40%
Total Separate Account Charges...........1.60%
ENHANCED DEATH BENEFIT WITH ESP STANDARD DEATH BENEFIT WITHOUT ESP
Mortality and Expense Risk Charge.............1.45% Mortality and Expense Risk Charge........1.45%
Administrative Expense Charge.................0.15% Administrative Expense Charge............0.15%
ESP Charge....................................0.20% -----
----- Total Separate Account Charges......1.60%
Total Separate Account Charges...........1.80%
</TABLE>
EXAMPLE: STANDARD DEATH BENEFIT WITH ESP
Assuming a 5% annual return on assets, a $1,000 investment would be subject to
the following expenses. The examples assume the purchase payment credit is
included in, and not added to, the $1,000 assumed investment.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
If Contract is surrendered at the If Contract is NOT Surrendered or
end of period shown: annuitized at end of period shown:
--------------------------------------- --------------------------------------
FUNDING OPTION 1 YEAR 3 YEARS 5YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------- -------- --------- --------- ---------- ------- --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ALLIANCE VARIABLE PRODUCT SERIES FUND
Premier Growth Portfolio - Class B. 105 170 223 323 29 90 153 323
AMERICAN VARIABLE INSURANCE SERIES
Global Growth Fund - Class 2....... 102 160 207 291 26 80 137 291
Growth Fund - Class 2.............. 99 150 191 259 23 70 121 259
Growth-Income Fund - Class 2....... 98 149 189 255 22 69 119 255
FRANKLIN TEMPLETON VARIABLE INSURANCE
</TABLE>
<PAGE> 2
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRODUCTS TRUST
Franklin Small Cap Fund - Class 2.. 103 163 212 302 27 83 142 302
Templeton International Securities
Fund - Class 2..................... 103 164 214 305 27 84 144 305
GREENWICH STREET SERIES FUND
Appreciation Portfolio............. 100 155 198 274 24 75 128 274
Diversified Strategic Income
Portfolio.......................... 100 155 198 273 24 75 128 273
Equity Index Portfolio - Class II
Shares............................. 98 147 184 246 22 67 114 246
Total Return Portfolio............. 100 155 198 274 24 75 128 274
JANUS ASPEN SERIES
Aggressive Growth Portfolio -
Service Shares..................... 102 159 205 287 26 79 135 287
SALOMON BROTHERS VARIABLE SERIES FUND
INC.
Capital Fund....................... 102 161 209 295 26 81 139 295
Investors Fund..................... 102 161 208 293 26 61 138 293
Small Cap Growth Fund.............. 107 176 233 342 31 96 163 342
THE TRAVELERS SERIES TRUST
Disciplined Small Cap Stock
Portfolio............................. 102 161 209 295 26 81 139 295
Equity Income Portfolio............ 101 158 203 283 25 78 133 283
Large Cap Portfolio................ 101 157 202 282 25 77 132 282
MFS Emerging Growth Portfolio...... 101 157 202 282 25 77 132 282
MFS Research Portfolio............. 102 161 208 294 26 81 138 294
Strategic Stock Portfolio.......... 101 158 204 285 25 78 134 285
TRAVELERS SERIES FUND INC.
Alliance Growth Portfolio.......... 101 156 200 277 25 76 130 277
MFS Total Return Portfolio......... 101 157 201 279 25 77 131 279
Smith Barney Aggressive Growth
Portfolio.......................... 92 131 158 192 16 51 88 192
Smith Barney High Income Portfolio 99 151 192 261 23 71 122 261
Smith Barney International Equity
Portfolio.......................... 102 161 209 295 26 81 139 295
Smith Barney Large Capitalization
Growth Portfolio................... 101 157 202 281 25 77 132 281
Smith Barney Large Cap Value
Portfolio.......................... 99 151 192 262 23 71 122 262
Smith Barney Mid Cap Portfolio..... 92 131 158 192 16 51 88 192
Smith Barney Money Market Portfolio 98 147 186 249 22 67 116 249
Travelers Managed Income Portfolio. 100 154 197 271 24 74 127 271
Van Kampen Enterprise Portfolio.... 100 153 195 268 24 73 125 268
VAN KAMPEN LIFE INVESTMENT TRUST
Emerging Growth Portfolio.......... 101 157 201 280 25 77 131 280
VARIABLE INSURANCE PRODUCTS FUND II
Contrafund(R) Portfolio - Service
Class.............................. 100 154 196 270 24 74 126 270
</TABLE>
* THE EXAMPLE SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN. THE
EXAMPLE REFLECTS THE $40 ANNUAL CONTRACT ADMINISTRATIVE CHARGE AS AN ANNUAL
CHARGE OF .015% OF ASSETS.
EXAMPLE: ENHANCED DEATH BENEFIT WITH ESP
Assuming a 5% annual return on assets, a $1,000 investment would be subject to
the following expenses. The examples assume the purchase payment credit is
included in, and not added to, the $1,000 assumed investment.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
If Contract is surrendered at the If Contract is NOT Surrendered or
end of period shown: annuitized at end of period shown:
--------------------------------------- --------------------------------------
FUNDING OPTION 1 YEAR 3 YEARS 5YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------- -------- --------- --------- ---------- ------- --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ALLIANCE VARIABLE PRODUCT SERIES
Premier Growth Portfolio - Class B. 107 176 233 342 31 96 163 342
AMERICAN VARIABLE INSURANCE SERIES
Global Growth Fund - Class 2....... 104 166 217 310 28 86 147 310
Growth Fund - Class 2.............. 101 157 201 279 25 77 131 279
Growth-Income Fund - Class 2....... 100 155 199 275 24 75 129 275
FRANKLIN TEMPLETON VARIABLE INSURANCE
PRODUCTS TRUST
Franklin Small Cap Fund - Class 2.. 105 169 222 321 29 89 152 321
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Templeton International Securities
Fund - Class 2..................... 105 170 224 324 29 90 154 324
GREENWICH STREET SERIES FUND
Appreciation Portfolio............. 102 161 208 294 26 81 138 294
Diversified Strategic Income
Portfolio............................. 102 161 208 293 26 81 138 293
Equity Index Portfolio - Class II
Shares............................. 100 153 194 266 24 73 124 266
Total Return Portfolio............. 102 161 208 294 26 81 138 294
JANUS ASPEN SERIES
Aggressive Growth Portfolio -
Service Shares..................... 104 165 215 307 28 85 145 307
SALOMON BROTHERS VARIABLE SERIES FUND
INC.
Capital Fund....................... 104 167 219 314 28 87 149 314
Investors Fund..................... 104 167 218 312 28 87 148 312
Small Cap Growth Fund.............. 109 182 243 361 33 102 173 361
THE TRAVELERS SERIES TRUST
Disciplined Small Cap Stock
Portfolio.......................... 104 167 219 314 28 87 149 314
Equity Income Portfolio............ 103 164 213 303 27 84 143 303
Large Cap Portfolio................ 103 163 212 302 27 83 142 302
MFS Emerging Growth Portfolio...... 103 163 212 302 27 83 142 302
MFS Research Portfolio............. 104 167 218 313 28 87 148 313
Strategic Stock Portfolio.......... 103 164 214 305 27 84 144 305
TRAVELERS SERIES FUND INC.
Alliance Growth Portfolio.......... 103 162 210 297 27 82 140 297
MFS Total Return Portfolio......... 103 162 211 299 27 82 141 299
Smith Barney Aggressive Growth
Portfolio.......................... 94 137 168 213 18 57 98 213
Smith Barney High Income Portfolio 101 157 202 281 25 77 132 281
Smith Barney International Equity
Portfolio.......................... 104 167 219 314 28 87 149 314
Smith Barney Large Capitalization
Growth Portfolio................... 103 163 212 301 27 83 142 301
Smith Barney Large Cap Value
Portfolio.......................... 101 157 202 282 25 77 132 282
Smith Barney Mid Cap Portfolio..... 94 137 168 213 18 57 98 213
Smith Barney Money Market Portfolio 100 153 196 269 24 73 126 269
Travelers Managed Income Portfolio. 102 160 207 291 26 80 137 291
Van Kampen Enterprise Portfolio.... 102 159 205 288 26 79 135 288
VAN KAMPEN LIFE INVESTMENT TRUST
Emerging Growth Portfolio.......... 103 163 211 300 27 83 141 300
VARIABLE INSURANCE PRODUCTS FUND II
Contrafund(R) Portfolio - Service
Class.............................. 102 160 206 290 26 80 136 290
</TABLE>
* THE EXAMPLE SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN. THE
EXAMPLE REFLECTS THE $40 ANNUAL CONTRACT ADMINISTRATIVE CHARGE AS AN ANNUAL
CHARGE OF .015% OF ASSETS.
4. CHARGES AND DEDUCTIONS
ESP CHARGE
If the ESP option is selected, a charge of 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.
5. DEATH BENEFIT
The DEATH PROCEEDS BEFORE THE MATURITY DATE section of the prospectus is amended
by adding the following language to the end of that section:
<PAGE> 4
ENHANCED STEPPED-UP PROVISION ("ESP")
If you have selected the ESP, the total death benefit payable as of the death
report date will equal the death benefit described above plus:
If the Annuitant is younger than age 70 on the Contract Date:
40% of the lesser of the Modified Purchase Payments, or 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 Contract Date:
25% of the lesser of the Modified Purchase Payments, or Your contract value
minus the Modified Purchase Payments, calculated as of the Death Report
Date.
Modified Purchase Payments
Modified Purchase Payments are equal to the total Purchase Payments less
the total amount of any partial surrenders made under this contract.
L-12920 January 2, 2001
<PAGE> 5
JANUARY 2, 2001 SUPPLEMENT TO THE
TRAVELERS PORTFOLIO ARCHITECT XTRA ANNUITY
PROSPECTUS DATED MAY 1, 2000
The following sections of the prospectus are amended by adding the following
language:
1. WHAT EXPENSES WILL BE ASSESSED UNDER THE CONTRACT? (Summary)
If you select the Enhanced Stepped-Up Provision ("ESP"), an additional 0.20%
annually will be deducted from amounts in the variable funding options. THIS
PROVISION IS NOT AVAILABLE TO A CUSTOMER WHEN EITHER THE ANNUITANT OR OWNER IS
AGE 76 OR OLDER ON THE CONTRACT DATE
2. ARE THERE ANY ADDITIONAL FEATURES? (Summary)
- ENHANCED STEPPED-UP PROVISION ("ESP"). For an additional charge, the total
death benefit payable will be increased by either 40% or 25%, depending on
the age of the annuitant on the Contract Date.
3. FEE TABLE
ANNUAL SEPARATE ACCOUNT CHARGES
(as a percentage of the average daily net assets of the Separate Account)
<TABLE>
<S> <C> <C> <C>
STANDARD DEATH BENEFIT WITH ESP: STANDARD DEATH BENEFIT WITHOUT ESP
Mortality and Expense Risk Charge.............1.25% Mortality and Expense Risk Charge..........1.25%
Administrative Expense Charge.................0.15% Administrative Expense Charge..............0.15%
ESP Charge....................................0.20% -----
----- Total Separate Account Charges....... 1.40%
Total Separate Account Charges...........1.60%
ENHANCED DEATH BENEFIT WITH ESP STANDARD DEATH BENEFIT WITHOUT ESP
Mortality and Expense Risk Charge.............1.45% Mortality and Expense Risk Charge..........1.45%
Administrative Expense Charge.................0.15% Administrative Expense Charge..............0.15%
ESP Charge....................................0.20% -----
----- Total Separate Account Charges........1.60%
Total Separate Account Charges...........1.80%
</TABLE>
EXAMPLE: STANDARD DEATH BENEFIT WITH ESP
Assuming a 5% annual return on assets, a $1,000 investment would be subject to
the following expenses. The examples assume the purchase payment credit is
included in, and not added to, the $1,000 assumed investment.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
If Contract is surrendered at the If Contract is NOT Surrendered or
end of period shown: annuitized at end of period shown:
--------------------------------------- --------------------------------------
FUNDING OPTION 1 YEAR 3 YEARS 5YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------- -------- --------- --------- ---------- ------- --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Capital Appreciation Fund............. 101 156 200 278 25 76 130 278
Money Market Portfolio................ 96 143 179 235 20 63 109 235
ALLIANCE VARIABLE PRODUCT SERIES FUND
Premier Growth Portfolio - Class B. 105 170 223 323 29 90 153 323
DELAWARE GROUP PREMIUM FUND
REIT Series........................ 101 157 201 280 25 77 131 280
</TABLE>
<PAGE> 6
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
DREYFUS VARIABLE INVESTMENT FUND
Appreciation Portfolio............. 100 155 198 273 24 75 128 273
Small Cap Portfolio................ 100 155 198 273 24 75 128 273
GREENWICH STREET SERIES FUND
Equity Index Portfolio - Class II
Shares................................ 98 147 184 246 22 67 114 246
JANUS ASPEN SERIES
Balanced Portfolio - Service Shares 102 159 205 287 26 79 135 287
Global Life Sciences Portfolio -
Service Shares........................ 103 164 213 304 27 84 143 304
Global Technology Portfolio -
Service Shares........................ 103 162 210 298 27 82 140 298
Worldwide Growth Portfolio -
Service Shares........................ 102 160 206 290 26 80 136 290
SALOMON BROTHERS VARIABLE SERIES FUND
INC.
Capital Fund....................... 102 161 209 295 26 81 139 295
Investors Fund..................... 102 161 209 295 26 81 139 295
Small Cap Growth Fund.............. 107 176 233 342 31 96 163 342
TRAVELERS SERIES FUND INC.
Alliance Growth Portfolio.......... 101 156 200 277 25 76 130 277
MFS Total Return Portfolio......... 101 157 201 279 25 77 131 279
Putnam Diversified Income Portfolio 101 156 200 278 25 76 130 278
THE TRAVELERS SERIES TRUST
Convertible Bond Portfolio......... 100 155 199 275 24 75 129 275
Disciplined Mid Cap Stock Portfolio 102 160 206 290 26 80 136 290
Disciplined Small Cap Stock
Portfolio............................. 102 161 209 295 26 81 139 295
Equity Income Portfolio............ 101 158 203 283 25 78 133 283
Federated High Yield Portfolio..... 101 157 201 279 25 77 131 279
Federated Stock Portfolio.......... 101 156 200 277 25 76 130 277
Large Cap Portfolio................ 101 157 202 282 25 77 132 282
Lazard International Stock
Portfolio............................. 103 163 212 301 27 83 142 301
MFS Emerging Growth Portfolio...... 101 157 202 282 25 77 132 282
MFS Mid Cap Growth Portfolio....... 102 161 209 295 26 81 139 295
MFS Research Portfolio............. 102 161 208 294 26 81 138 294
Strategic Stock Portfolio.......... 101 158 204 285 25 78 134 285
Travelers Quality Bond Portfolio... 98 147 186 249 22 67 116 249
VARIABLE INSURANCE PRODUCTS FUND II
Contrafund (R) Portfolio - Service
Class 2............................... 101 158 204 285 25 78 134 285
WARBURG PINCUS TRUST
Emerging Markets Portfolio......... 106 173 228 333 30 93 158 333
</TABLE>
* THE EXAMPLE SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN. THE
EXAMPLE REFLECTS THE $40 ANNUAL CONTRACT ADMINISTRATIVE CHARGE AS AN ANNUAL
CHARGE OF 0.015% OF ASSETS.
<PAGE> 7
EXAMPLE*: ENHANCED DEATH BENEFIT WITH ESP
Assuming a 5% annual return on assets, a $1,000 investment would be subject to
the following expenses. The examples assume the purchase payment credit is
included in, and not added to, the $1,000 assumed investment.
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
If Contract is surrendered at the If Contract is NOT Surrendered or
end of period shown: annuitized at end of period shown:
--------------------------------------- --------------------------------------
FUNDING OPTION 1 YEAR 3 YEARS 5YEARS 10 YEARS 1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------- -------- --------- --------- ---------- ------- --------- --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Capital Appreciation Fund............. 103 162 210 298 27 82 140 298
Money Market Portfolio................ 98 149 189 255 22 69 119 255
ALLIANCE VARIABLE PRODUCT SERIES
FUND, INC.
Premier Growth Portfolio - Class B. 107 176 233 342 31 96 163 342
DELAWARE GROUP PREMIUM FUND
REIT Series........................ 103 163 211 300 27 83 141 300
DREYFUS VARIABLE INVESTMENT FUND
Appreciation Portfolio............. 102 161 208 293 26 81 138 293
Small Cap Portfolio................ 102 161 208 293 26 81 138 293
GREENWICH STREET SERIES FUND
Equity Index Portfolio - Class II
Shares................................ 100 153 194 266 24 73 124 266
JANUS ASPEN SERIES
Balanced Portfolio - Service Shares 104 165 215 307 28 85 145 307
Global Life Sciences Portfolio -
Service Shares........................ 105 170 223 323 29 90 153 323
Global Technology Portfolio -
Service Shares........................ 105 168 220 317 29 88 150 317
Worldwide Growth Portfolio -
Service Shares........................ 104 166 216 309 28 86 146 309
SALOMON BROTHERS VARIABLE SERIES FUND
INC.
Capital Fund....................... 104 167 219 314 28 87 149 314
Investors Fund..................... 104 167 218 312 28 87 148 312
Small Cap Growth Fund.............. 109 182 243 361 33 102 173 361
TRAVELERS SERIES FUND INC.
Alliance Growth Portfolio.......... 103 162 210 297 27 82 140 297
MFS Total Return Portfolio......... 103 162 211 299 27 82 141 299
Putnam Diversified Income Portfolio 103 162 210 298 27 82 140 298
THE TRAVELERS SERIES TRUST
Convertible Bond Portfolio......... 102 161 209 295 26 81 139 295
Disciplined Mid Cap Stock Portfolio 104 166 216 309 28 86 146 309
Disciplined Small Cap Stock
Portfolio............................. 104 167 219 314 28 87 149 314
Equity Income Portfolio............ 103 164 213 303 27 84 143 303
Federated High Yield Portfolio..... 103 162 211 299 27 82 141 299
Federated Stock Portfolio.......... 103 162 210 297 27 82 140 297
Large Cap Portfolio................ 103 163 212 302 27 83 142 302
Lazard International Stock
Portfolio............................. 105 169 222 320 29 89 152 320
MFS Emerging Growth Portfolio...... 103 163 212 302 27 83 142 302
MFS Mid Cap Growth Portfolio....... 104 167 219 314 28 87 149 314
MFS Research Portfolio............. 104 167 218 313 28 87 148 313
Strategic Stock Portfolio.......... 103 164 214 305 27 84 144 305
Travelers Quality Bond Portfolio... 98 149 189 255 22 69 119 255
VARIABLE INSURANCE PRODUCTS FUND II
Contrafund (R) Portfolio - Service
Class 2............................... 103 164 214 305 27 84 144 305
WARBURG PINCUS TRUST
Emerging Markets Portfolio......... 108 179 238 352 32 99 168 352
</TABLE>
* THE EXAMPLE SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN. THE
EXAMPLE REFLECTS THE $40 ANNUAL CONTRACT ADMINISTRATIVE CHARGE AS AN ANNUAL
CHARGE OF 0.015% OF ASSETS.
<PAGE> 8
4. CHARGES AND DEDUCTIONS
ESP CHARGE
If the ESP option is selected, a charge of 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.
5. DEATH BENEFIT
The DEATH PROCEEDS BEFORE THE MATURITY DATE section of the prospectus is amended
by adding the following language to the end of that section:
ENHANCED STEPPED-UP PROVISION ("ESP")
If you have selected the ESP, the total death benefit payable as of the death
report date will equal the death benefit described above plus:
If the Annuitant is younger than age 70 on the Contract Date:
40% of the lesser of the Modified Purchase Payments, or 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 Contract Date:
25% of the lesser of the Modified Purchase Payments, or Your contract value
minus the Modified Purchase Payments, calculated as of the Death Report
Date.
Modified Purchase Payments
Modified Purchase Payments are equal to the total Purchase Payments less
the total amount of any partial surrenders made under this contract.
L-12921 January 2, 2001
