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GROUP VARIABLE ANNUITY CONTRACTS
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED JANUARY 1, 1997 TO THE PROSPECTUS DATED MAY 1, 1996
FOR GROUP VARIABLE ANNUITY CONTRACTS
AVAILABLE THROUGH SEPARATE ACCOUNTS DC-I AND DC-II
The following is added to page 18:
May I systematically transfer assets to the Sub-Accounts?
If, during the Accumulation Period, the portion of your contract values
held under the General Account option is at least $5,000, or the value
of your Accumulation Units held under the Money Market Fund Sub-Account
is at least $5,000, you may choose to have a specified dollar amount
transferred from either the General Account option or the Money Market
Fund Sub-Account, whichever meets the applicable minimum value, to other
Sub-Accounts of the Separate Account at monthly, quarterly, semi-annual
or annual intervals. This is known as Dollar Cost Averaging. The main
objective of a Dollar Cost Averaging program is to minimize the impact
of short term price fluctuations. Since the same dollar amount is
transferred to other Sub-Accounts at set intervals, more units are
purchased in a Sub-Account if the value per unit is low and less units
are purchased if the value per unit is high. Therefore, a lower average
cost per unit may be achieved over the long term. A Dollar Cost
Averaging program allows investors to take advantage of market
fluctuations. However, it is important to understand that Dollar Cost
Averaging does not assure a profit or protect against a loss in
declining markets.
The minimum amount that may be transferred to any one Sub-Account at a
transfer interval is $100. The transfer date will be the monthly,
quarterly, semi-annual or annual anniversary, as applicable, of your
first transfer under your initial Dollar Cost Averaging election. The
first transfer will commence within five (5) business days after
Hartford Life receives your initial election in good order subject to
the telephone transfer procedures detailed on page 17. The dollar amount
will be allocated to the Sub-Accounts that you specify, in the
proportions that you specify on the appropriate election form provided
by Hartford Life. You may specify a maximum of five (5) Sub-Accounts.
If, on any transfer date, your General Account values or the value of
your Accumulation Units under the Money Market Fund Sub-Account, as
applicable, less than the amount you have elected to have transferred,
your Dollar Cost Averaging program will end. You may cancel your Dollar
Cost Averaging election by notice to Hartford Life in writing or by
calling 1-800-528-9009 and giving notice to a Hartford Life
representative on our recorded line.
HV-2097
33-19947
33-19949
