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SEPTEMBER 18, 2000 SUPPLEMENT TO THE MAY 1, 2000 PROSPECTUS FOR TRAVELERS
RETIREMENT ACCOUNT.
The following information replaces page 32 of the Prospectus.
OTHER INFORMATION
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THE INSURANCE COMPANIES
Please refer to the first page of the Summary of this prospectus to
determine which company issued your Contract.
The Travelers Insurance Company is a stock insurance company chartered in
1864 in Connecticut and continuously engaged in the insurance business since
that time. It is licensed to conduct life insurance business in all states of
the United States, the District of Columbia, Puerto Rico, Guam, the U.S. and
British Virgin Islands and the Bahamas. The Company is an indirect wholly owned
subsidiary of Citigroup Inc. The Company's Home Office is located at One Tower
Square, Hartford, Connecticut 06183.
The Travelers Life and Annuity Company is a stock insurance company
chartered in 1973 in Connecticut and continuously engaged in the insurance
business since that time. It is licensed to conduct life insurance business in a
majority of the states of the United States, the District of Columbia and Puerto
Rico, and intends to seek licensure in the remaining states, except New York.
The Company is an indirect wholly owned subsidiary of Citigroup Inc. The
Company's Home Office is located at One Tower Square, Hartford, Connecticut
06183.
FINANCIAL STATEMENTS
The financial statements for each insurance company are included in the
Form 10-K, which are attached to this prospectus. The financial statements for
each separate account are located in their respective Statements of Additional
Information.
IMSA
The Companies are members of the Insurance Marketplace Standards
Association ("IMSA"), and as such may use the IMSA logo and IMSA membership in
advertisements. Companies that belong to IMSA subscribe to a set of ethical
standards covering the various aspects of sales and service for individually
sold life insurance and annuities. IMSA members have adopted policies and
procedures that demonstrate a commitment to honesty, fairness and integrity in
all customer contacts involving the sale and service of individual life
insurance and annuity products.
DISTRIBUTION OF VARIABLE ANNUITY CONTRACTS
The Company intends to sell the Contracts in all jurisdictions where it is
licensed to do business and where the Contract is approved. Any sales
representative or employee associated with a broker-dealer who sells the
Contracts will be qualified to sell variable annuities under applicable federal
and state laws. Each broker-dealer is registered with the SEC under the
Securities Exchange Act of 1934, and all are members of the NASD. The principal
underwriter of the Contracts is CFBDS, Inc., 21 Milk St., Boston, MA. CFBDS,
Inc. is not affiliated with the Company or the Separate Account. However, it is
currently anticipated that Travelers Distribution LLC, an affiliated
broker-dealer, may become the principal underwriter for the Contracts during the
year 2000.
Up-front compensation paid to broker-dealers will not exceed 7% of the
purchase payments made under the Contracts. If asset based compensation is paid,
it will not exceed 2% of the average account value annually. From time to time,
the Company may pay or permit other promotional incentives, in cash, credit or
other compensation.
CONFORMITY WITH STATE AND FEDERAL LAWS
The Contract is governed by the laws of the state in which it is delivered.
Where a state has not approved a contract feature or funding option, it will not
be available in that state. Any paid-up annuity, cash surrender value or death
benefits that are available under the Contract are not less than the minimum
benefits required by the statutes of the state in which the Contract is
delivered. We reserve the right to make any changes, including retroactive
changes, in the Contract to the extent that the change is required to meet the
requirements of any law or regulation issued by any governmental agency to which
the Company, the Contract or the contract owner is subject.
L-SUPP-12902
32
