<PAGE> 1
JUNE 21, 1999 SUPPLEMENT TO
PROSPECTUSES DATED MAY 1, 1999
PRIMELITE
THE FOLLOWING INFORMATION SUPPLEMENTS THE PROSPECTUSES DATED MAY 1, 1999 FOR THE
TRAVELERS SEPARATE ACCOUNT PF FOR VARIABLE ANNUITIES AND FOR THE TRAVELERS
SEPARATE ACCOUNT PF II FOR VARIABLE ANNUITIES.
The Fee Table information presented for the Smith Barney Concert Select
Portfolios of the Smith Barney Concert Allocation Series Fund, Inc. is amended
as follows:
FUNDING OPTION EXPENSES:
(AS A PERCENTAGE OF THE AVERAGE DAILY NET ASSETS OF THE FUNDING OPTION)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
TOTAL ANNUAL
MANAGEMENT OTHER OPERATING
PORTFOLIO NAME FEE EXPENSES EXPENSES
- --------------------------------------------------------------------------------------
SMITH BARNEY CONCERT ALLOCATION SERIES
- --------------------------------------------------------------------------------------
<S> <C> <C> <C>
Concert Select Balanced Portfolio 0.35% 1.05% 1.40% (2)
- --------------------------------------------------------------------------------------
Concert Select Conservative Portfolio 0.35% 1.08% 1.43% (2)
- --------------------------------------------------------------------------------------
Concert Select Growth Portfolio 0.35% 1.18% 1.53% (2)
- --------------------------------------------------------------------------------------
Concert Select High Growth Portfolio 0.35% 1.28% 1.63% (2)
- --------------------------------------------------------------------------------------
Concert Select Income Portfolio 0.35% 1.02% 1.37% (2)
- --------------------------------------------------------------------------------------
</TABLE>
(2)Each Portfolio of the Smith Barney Concert Allocation Series (a "fund of
funds") invests in the shares of other mutual funds. The Management Fee for each
portfolio is 0.35%, and they have no direct expenses. The "Other Expenses"
figure reflects an indirect charge of the expenses of the underlying funds; it
is a weighted average of the expense ratios for the underlying funds in which
each portfolio is expected to be invested during the current fiscal year. See
the Fund prospectus (regarding Y shares) for information on the equity/fixed
income (including money market) investment target and range for each portfolio,
and for the expense ratios for the underlying funds. Such ratios range from
0.45% to 3.22%.
EXAMPLE:
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. All expenses here and in the prospectus fee table
reflect the $30 annual contract administrative charge as an annual charge of
0.080% of assets.
<TABLE>
<CAPTION>
If the Contract is NOT
If the Contract is surrendered at the end of the
surrendered at the end of period shown, or if it is
the period shown: annuitized:
- -------------------------------------------------------------------------------------------------------------------------------
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>
Concert Select Balanced Portfolio $109 $149 $192 $320 $29 $89 $152 $320
- -------------------------------------------------------------------------------------------------------------------------------
Concert Select Conservative Portfolio 109 150 193 323 29 90 153 323
- -------------------------------------------------------------------------------------------------------------------------------
Concert Select Growth Portfolio 110 153 198 333 30 93 158 333
- -------------------------------------------------------------------------------------------------------------------------------
Concert Select High Growth Portfolio 111 156 203 342 31 96 163 342
- -------------------------------------------------------------------------------------------------------------------------------
Concert Select Income Portfolio 109 148 190 318 29 88 150 318
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
L-21265 6/99
