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Supplement dated December 30, 1997 to Statements of Additional Information
(SAIs) or prospectuses as listed below:
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May 1, 1997 SAIs: May 1, 1997 prospectuses:
- - Travelers Fund ABD for Variable Annuities - Travelers Insurance Company T-Mark; Modified
- - Travelers Fund ABD II for Variable Annuities Guaranteed Annuity
- - Travelers Fund BD for Variable Annuities - Travelers Target Maturity Modified Guaranteed
- - Travelers Fund BD II for Variable Annuities Annuity (Travelers Insurance Company)
- - Travelers Universal Annuity - Travelers Target Maturity Modified Guaranteed
Annuity (Travelers Life and Annuity Company)
August 14, 1997 SAIs: - Travelers Fund VA for Variable Annuities
- - Travelers Fund BD III for Variable Annuities
- - Travelers Fund BD IV for Variable Annuities
November 17, 1997 SAIs:
- - Travelers Separate Account PF for Variable
Annuities
- - Travelers Separate Account PF II for Variable
Annuities
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The following paragraphs should be added to the Individual Retirement Annuities
sub-section of the Federal Tax Consideration section contained in the above
prospectuses or SAIs:
Roth IRAs
Effective January 1, 1998, Section 408A of the Code permits certain
individuals to contribute to a Roth IRA. Eligibility to make contributions is
based upon income, and the applicable limits vary based on marital status
and/or whether the contribution is a rollover contribution from another IRA or
an annual contribution. Contributions to a Roth IRA, which are subject to
certain limitations, ($2,000 per year for annual contributions), are
not deductible and must be made in cash or as a rollover or transfer from
another Roth IRA or other IRA. A conversion of a "traditional" IRA to a Roth
IRA may be subject to tax and other special rules apply. You should consult a
tax adviser before combining any converted amounts with other Roth IRA
contributions, including any other conversion amounts from other tax years.
Qualified distributions from a Roth IRA are tax-free. A qualified
distribution requires that the Roth IRA has been held for at least 5 years, and
the distribution is made after age 59 1/2, on death or disability of the owner,
or for a limited amount ($10,000) for a qualified first time home purchase for
the owner or certain relatives. Income tax and a 10% penalty tax may apply to
distributions made (1) before age 59 1/2 (subject to certain exceptions) or (2)
during five taxable years starting with the year in which the first contribution
is made to the Roth IRA.
L-21248
