HARTFORD LIFE INSURANCE CO SEPARATE ACCOUNT TWO DC VAR AC II, 497, 1998-05-05

HARTFORD LIFE INSURANCE CO SEPARATE ACCOUNT TWO DC VAR AC II
497, 1998-05-05

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<PAGE>

HARTFORD
LIFE INSURANCE COMPANY

[LOGO]
MASTER GROUP VARIABLE ANNUITY CONTRACTS
WITH RESPECT TO DC-I AND DC-II

The variable annuity contracts (hereinafter the "contract" or "contracts" or
"Master Contracts") described in this Prospectus are issued by Hartford Life
Insurance Company ("Hartford"). The contracts provide for both an Accumulation
Period and an Annuity Period.

On contracts issued in conjunction with a Deferred Compensation Plan of an
Employer, variable account Contributions are held in Hartford Life Insurance
Company DC Variable Account-I ("DC-I") during the Accumulation Period and in a
series of Hartford Life Insurance Company Separate Account Two ("DC-II")
during the Annuity Period. The contracts issued in connection with Deferred
Compensation Plans may contain additional separate accounts not described in
this Prospectus.

On contracts issued in conjunction with a Qualified Plan of an employer, all
variable account Contributions during both the Accumulation Period and Annuity
Period are held in DC-II.

The contracts to which contributions may be made may contain a General
Account option or a separate General Account contract may be issued in
conjunction with the contracts described herein. The General Account option or
contract may contain restrictions on a Contract Owner's ability to transfer
Participant Account Values to or from such contract or option. The General
Account option or contract and these restrictions, if any, are not described
in this Prospectus.

The contracts are used in conjunction with Deferred Compensation Plans of
tax-exempt and governmental employers as well as with Qualified Plans
established by Employers generally (tax-exempt and non-tax-exempt).

The following Sub-Accounts are available under the contracts. Opposite each
Sub-Account is the name of the underlying investment for that Account.

Advisers Fund -- shares of Class IA of Hartford Advisers HLS
Sub-Account Fund, Inc. ("Hartford Advisers Fund")
Bond Fund Sub-Account -- shares of Class IA of Hartford Bond HLS Fund,
Inc. ("Hartford Bond Fund")
Calvert Social Balanced -- shares of the Calvert Social Balanced Portfolio
Portfolio of Calvert Variable Series, Inc. ("Calvert
Sub-Account Social Balanced Portfolio")
Capital Appreciation -- shares of Class IA of Hartford Capital
Fund Sub-Account Appreciation HLS Fund, Inc., ("Hartford Capital
Appreciation Fund")
Dividend and Growth Fund -- shares of Class IA of Hartford Dividend and
Sub-Account Growth HLS Fund, Inc. ("Dividend and Growth
Fund")
Index Fund Sub-Account -- shares of Class IA of Hartford Index HLS Fund,
Inc. ("Hartford Index Fund")
International -- shares of Class IA of Hartford International
Opportunities Fund Opportunities HLS Fund, Inc. ("International
Sub-Account Opportunities Fund")
Money Market Fund -- shares of Class IA of Hartford Money Market MLS
Sub-Account Fund, Inc. ("Hartford Money Market Fund")
Mortgage Securities Fund -- shares of Class IA of Hartford Mortgage
Sub-Account Securities HLS Fund, Inc. ("Hartford Mortgage
Securities Fund")
Stock Fund Sub-Account -- shares of Class IA of Hartford Stock HLS Fund,
Inc. ("Hartford Stock Fund")

This Prospectus sets forth the information concerning the Separate Accounts
that investors ought to know before investing. This Prospectus should be kept
for future reference. Additional information about the Separate Accounts has
been filed with the Securities and Exchange Commission ("Commission") and is
available without charge upon request. To obtain the Statement of Additional
Information send a written request to Hartford Life Insurance Company, Attn:
AMS Service Center Administration, P.O. Box 2999, Hartford, CT 06104-2999. The
Securities and Exchange Commission also maintains a Web site
("http://www.sec.gov") that contains this Statement of Additional Information,
material incorporated by reference, and other information regarding
registrants that file electronically with the Securities and Exchange
Commission. The Table of Contents for the Statement of Additional Information
may be found on page 39 of this Prospectus. The Statement of Additional
Information is incorporated by reference to this Prospectus.

------------------------------------------------------------------------------
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
------------------------------------------------------------------------------

THE CONTRACT IS NOT A DEPOSIT OR OBLIGATION OF, OR GUARANTEED OR ENDORSED BY
ANY BANK. IT IS NOT FEDERALLY INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, THE FEDERAL RESERVE BOARD, OR ANY GOVERNMENT AGENCY. INVESTMENT
IN A CONTRACT INVOLVES RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT
INVESTED.

------------------------------------------------------------------------------
THIS PROSPECTUS IS NOT VALID UNLESS ATTACHED TO THE CURRENT PROSPECTUS OF THE
APPLICABLE ELIGIBLE FUNDS LISTED ABOVE WHICH CONTAINS A FULL DESCRIPTION OF
THOSE FUNDS. INVESTORS ARE ADVISED TO RETAIN THESE PROSPECTUSES FOR FUTURE
REFERENCE.
------------------------------------------------------------------------------

Prospectus Dated: May 1, 1998
Statement of Additional Information Dated: May 1, 1998

<PAGE>
TABLE OF CONTENTS

<TABLE>
<CAPTION>
SECTION PAGE
------------------------------------------------------------------------ ----
<S> <C>
GLOSSARY OF SPECIAL TERMS............................................... 3
FEE TABLE............................................................... 5
SUMMARY................................................................. 7
ACCUMULATION UNIT VALUES................................................ 10
PERFORMANCE RELATED INFORMATION......................................... 14
INTRODUCTION............................................................ 15
THE CONTRACTS AND THE SEPARATE ACCOUNTS ................................ 15
What are the contracts?.............................................. 15
Who can buy these contracts?......................................... 15
What are the Separate Accounts and how do they operate?.............. 16
OPERATION OF THE CONTRACT............................................... 17
How are Contributions credited?...................................... 17
May I make changes in the amounts of my Contributions?............... 17
May I transfer assets between Sub-Accounts?.......................... 17
May I systematically transfer assets to the Sub-Accounts?............ 18
What happens if the Contract Owner fails to make Contributions?...... 18
May I assign or transfer the contract?............................... 18
How do I know what my account is worth?.............................. 19
How is the Accumulation Unit value determined?....................... 19
How are the underlying Fund shares valued?........................... 19
PAYMENT OF BENEFITS..................................................... 19
What would my Beneficiary receive as death proceeds?................. 19
How can a contract be redeemed or surrendered?....................... 20
Can payment of the redemption or surrender value ever be postponed
beyond the seven day period?...................................... 20
May I surrender once Annuity payments have started?.................. 20
What are Annuity Rights?............................................. 21
Can a contract be suspended by a Contract Owner?..................... 21
How do I elect an Annuity Commencement Date and Form of Annuity?..... 21
What is the minimum amount that I may select for an Annuity
payment?.......................................................... 21
How are Contributions made to establish my Annuity account?.......... 21
What are the available Annuity options under the contracts?.......... 22
How are Variable Annuity payments determined?........................ 23
Can a contract be modified?.......................................... 24
CHARGES UNDER THE CONTRACT.............................................. 24
How are the charges under these contracts made?...................... 24
Is there ever a time when the sales charges do not apply?............ 25
What do the sales charges cover?..................................... 25
What is the mortality, expense risk and administrative charge?....... 25
HIG Employer Sponsored IRA........................................... 26
Are there any other administrative charges?.......................... 26
Experience Rating of Contracts....................................... 26
How much are the deductions for Premium Taxes on these contracts?.... 27
What charges are made by the Funds?.................................. 27
Are there any other deductions?...................................... 27
HARTFORD LIFE INSURANCE COMPANY AND THE FUNDS........................... 27
What is Hartford?.................................................... 27
What are the Funds?.................................................. 27
FEDERAL TAX CONSIDERATIONS.............................................. 30
What are some of the federal tax consequences which affect these
contracts?........................................................ 30
MISCELLANEOUS........................................................... 34
What are my voting rights?........................................... 34
Will other contracts be participating in the Separate Accounts?...... 34
Can Hartford waive any rights under the Contracts.................... 35
How are the contracts sold?.......................................... 35
Who is the custodian of the Separate Accounts' assets?............... 35
Are there any material legal proceedings affecting the Separate
Accounts?......................................................... 35
Are you relying on any experts as to any portion of this
Prospectus?....................................................... 35
How may I get additional information?................................ 35
APPENDIX -- ACCUMULATION PERIOD UNDER PRIOR GROUP CONTRACTS............. 36
TABLE OF CONTENTS FOR STATEMENT OF ADDITIONAL INFORMATION............... 39
</TABLE>

2
<PAGE>
GLOSSARY OF SPECIAL TERMS

ACCUMULATION PERIOD: The period before the commencement of Annuity payments.

ACCUMULATION UNIT: An accounting unit of measure used to calculate values before
Annuity payments begin.

ADMINISTRATIVE OFFICE OF HARTFORD: Currently located at 200 Hopmeadow Street,
Simsbury, CT. All correspondence concerning this Contract should be sent to P.O.
Box 2999, Hartford, CT 06104-2999 Attn: AMS Service Center Administration,
except for overnight or express mail packages, which should be sent to: 200
Hopmeadow Street, Simsbury, CT.

ANNUAL MAINTENANCE FEE: A fee charged for establishing and maintaining a
Participant's Individual Account under a Contract.

ANNUITANT: A Participant on whose behalf Annuity payments are to be made under a
contract.

ANNUITANT'S ACCOUNT: An account established at the commencement of the Annuity
Period under which Annuity payments are made under the contracts.

ANNUITY: A series of payments for life, or for life with a minimum number of
payments or a determinable sum guaranteed, or for a joint lifetime and
thereafter during the lifetime of the survivor, or for payments for a designated
period.

ANNUITY COMMENCEMENT DATE: The date on which Annuity payments are to commence.

ANNUITY PERIOD: The period following the commencement of Annuity payments.

ANNUITY RIGHTS: The Contract Owner's right in situations where the contract is
issued in conjunction with a Deferred Compensation Plan to apply up to five
times the gross contributions made to the contract during the Accumulation
Period (in DC-I only), at the Annuity rates set forth in the contract at the
time of issue, at the commencement of the Annuity Period to effect Annuity
payments.

ANNUITY UNIT: An accounting unit of measure in the Separate Account used to
calculate the amount of Variable Annuity payments.

BENEFICIARY: The person(s) designated to receive contract values in the event of
the Participant's or Annuitant's death.

CODE: The Internal Revenue Code of 1986, as amended.

COMMISSION: Securities and Exchange Commission.

CONTRACT OWNER: The Employer or entity owning the contract.

CONTRACT YEAR: A period of 12 months commencing with the effective date of the
contract or with any anniversary thereof.

CONTRIBUTION(S): The amount(s) paid or transferred to Hartford, by the Contract
Owner on behalf of Participants pursuant to the terms of the contracts.

DATE OF COVERAGE: The date on which the application on behalf of a Participant
is received by Hartford.

DEFERRED COMPENSATION PLAN: A plan established and maintained in accordance with
the provisions of Section 457 of the Internal Revenue Code and the regulations
issued thereunder.

DC VARIABLE ACCOUNT I: Hartford Life Insurance Company DC Variable Account I.

DC VARIABLE ACCOUNT II: A series of Hartford Life Insurance Company Separate
Account Two.

EMPLOYER: A governmental or tax-exempt Employer maintaining a Deferred
Compensation Plan for its Employees or an Employer establishing a Qualified Plan
for its Employees.

FIXED ANNUITY: An Annuity providing for guaranteed payments which remain fixed
in amount throughout the payment period and which do not vary with the
investment experience of a separate account.

FUNDS: Currently, the Funds described commencing on page 27 of this Prospectus.

GENERAL ACCOUNT: The General Account of Hartford which consists of all assets of
Hartford other than those allocated to the separate accounts of Hartford.

3
<PAGE>
HARTFORD: Hartford Life Insurance Company.

MINIMUM DEATH BENEFIT: The minimum amount payable upon the death of a
Participant prior to age 65 and before Annuity payments have commenced.

PARTICIPANT: A term used to describe, for recordkeeping purposes only, any
Employee electing to participate in the Deferred Compensation or Qualified Plan
of the Employer/Contract Owner.

PARTICIPANT'S CONTRACT YEAR: A period of twelve (12) months commencing with the
Date of Coverage of a Participant and each successive 12 month period
thereafter.

PARTICIPANT'S INDIVIDUAL ACCOUNT: An account to which the General Account values
and the Separate Account Accumulation Units held by the Contract Owner on behalf
of Participant under the contract are allocated.

PLAN: The Deferred Compensation Plan or Qualified Plan of an Employer.

PREMIUM TAX: A tax charged by a state or municipality on premiums, purchase
payments or contract values.

QUALIFIED PLAN: A voluntary plan of an Employer which qualifies for special tax
treatment under a particular section of the Internal Revenue Code.

SEPARATE ACCOUNT: The separate accounts entitled Hartford Life Insurance Company
DC Variable Account-I ("DC-I") and a series of Hartford Life Insurance Company
Separate Account Two ("DC-II").

SUB-ACCOUNT: Accounts established within the Separate Accounts with respect to a
Fund.

VALUATION DAY: Every day the New York Stock Exchange is open for trading. The
value of the Separate Account is determined at the close of the New York Stock
Exchange (generally 4:00 p.m. Eastern Time) on such days.

VALUATION PERIOD: The period between successive Valuation Days.

VARIABLE ANNUITY: An Annuity providing for payments varying in amount in
accordance with the investment experience of the assets held in the underlying
securities of the Separate Account.

4
<PAGE>

FEE TABLE
SUMMARY
Contract Owner Transaction Expenses
(All Sub-Accounts)

<TABLE>
<S> <C>
Sales Charge on Purchases (as a percentage of premium payments)... None
Transfer Fee...................................................... $ 0
Contingent Deferred Sales Charge (as a percentage of amounts
withdrawn)......................................................
Contracts under which variable account Contributions are held
under Separate Account DC-I during the Accumulation Period:
First through Sixth Year...................................... 5%
Seventh and Eighth Year....................................... 4%
Ninth and Tenth Year.......................................... 3%
Eleventh and Twelfth Year..................................... 2%
Thirteenth Year............................................... 0%
Contracts under which variable account Contributions are held
under Separate Account DC-II during the Accumulation Period:
First through Eighth Year..................................... 5%
Ninth through Fifteenth Year.................................. 3%
Sixteenth Year................................................ 0%
Annual Maintenance Fee (DC-I)..................................... None
Annual Maintenance Fee (DC-II).................................... $25.00
Annual Expenses-Separate Account (as a percentage of average
account value)..................................................
Mortality and Expense Risk (DC-I) (1)......................... 0.900%
Mortality and Expense Risk (DC-II)............................ 1.250%
</TABLE>

The Transfer Fee, Contingent Deferred Sales Charge, and Annual Maintenance
Fee and Mortality and Expense Risk charge may be reduced or eliminated. See
"Experience Rating of Contracts," page 26.

Hartford has issued a Contract supported by DC-II to Hartford Fire Insurance
Company (a parent of Hartford) for the Hartford Insurance Group Employer
Sponsored Individual Retirement Account, whereby there is no deduction for
mortality and expense charges from the assets of DC-II. A deduction of 0.15% is
made under that Contract for administrative undertakings. See "HIG Employer
Sponsored IRA," on page 26.

- ---------

(1) The Mortality and Expense Risk charge under Separate Account DC-I is 0.750%
of the average daily net assets of DC-I for contract values which exceed $50
million.

ANNUAL FUND OPERATING EXPENSES
(AS A PERCENTAGE OF NET ASSETS)

<TABLE>
<CAPTION>
TOTAL FUND
OPERATING
MANAGEMENT OTHER EXPENSES
FEES EXPENSES (AFTER ANY
(AFTER ANY (AFTER FEE WAIVERS
FEE ANY EXPENSE AND EXPENSE
WAIVERS) REIMBURSEMENT) REIMBURSEMENTS)
---------- -------------- ---------------
<S> <C> <C> <C>
Hartford Bond Fund.............................. 0.490% 0.020% 0.510%
Hartford Stock Fund............................. 0.430% 0.020% 0.450%
Hartford Money Market Fund...................... 0.425% 0.015% 0.440%
Hartford Advisers Fund.......................... 0.610% 0.020% 0.630%
Hartford Capital Appreciation Fund.............. 0.620% 0.020% 0.640%
Hartford Mortgage Securities Fund............... 0.425% 0.025% 0.450%
Hartford Index Fund............................. 0.375% 0.015% 0.390%
Hartford International Opportunities Fund....... 0.680% 0.090% 0.770%
Calvert Social Balanced Portfolio (1)........... 0.690% 0.120% 0.810%
Hartford Dividend & Growth Fund................. 0.660% 0.020% 0.680%
</TABLE>

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(1) The figures above for the Calvert Social Balanced Portfolio reflect expenses
for fiscal year 1997, and have been restated to reflect an increase in
transfer agency expenses of 0.01% for the Portfolio expected to be incurred
in 1998. Management and Advisory Expenses includes a performance adjustment,
which depending on performance, could cause the fee to be as high as 0.85%
or as low as 0.55%. "Other Expenses" reflect an indirect fee. Net fund
operating expenses after reductions for fees paid indirectly (again,
restated) would be 0.78%.

5
<PAGE>

EXAMPLE-DC-I (0.900% MORTALITY AND EXPENSE RISK CHARGE)

<TABLE>
<CAPTION>
If you surrender your Contract If you annuitize your Contract If you do not surrender your
at the end of the applicable at the end of the applicable Contract, you would pay the
time period, you would pay the time period, you would pay the following expenses on a $1,000
following expenses on a $1,000 following expenses on a $1,000 investment, assuming a 5%
investment, assuming a 5% investment, assuming a 5% annual return on assets:
annual return on assets: annual return on the assets:

SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS 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> <C> <C> <C> <C>
Bond Fund................ $ 66 $ 100 $ 137 $ 213 $ 14 $ 45 $ 78 $ 170 $ 14 $ 45 $ 78 $ 170
Stock Fund............... 66 100 137 213 14 43 74 163 14 43 74 163
Money Market Fund........ 66 98 134 205 14 43 74 162 14 43 74 162
Advisers Fund............ 67 104 143 225 16 49 84 183 16 49 84 183
Capital Appreciation
Fund................... 67 104 144 227 16 49 85 185 16 49 85 185
Mortgage Securities
Fund................... 66 99 134 206 14 43 74 163 14 43 74 163
Index Fund............... 65 97 131 199 13 41 71 156 13 41 71 156
International
Opportunities Fund..... 69 108 150 240 17 53 91 199 17 53 91 199
Calvert Social Balanced
Portfolio.............. 69 109 152 245 18 54 94 203 18 54 94 203
Dividend & Growth Fund... 68 105 146 231 16 50 87 189 16 50 87 189
</TABLE>

The purpose of this table is to assist the Contract Owner in understanding
various costs and expenses that a Contract Owner will bear directly or
indirectly. This table reflects expenses of the Separate Account and underlying
Funds. Premium taxes may also be applicable.

This EXAMPLE should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown.

EXAMPLE-DC-I (0.75% MORTALITY AND EXPENSE RISK CHARGE)

SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS 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> <C> <C> <C> <C>
Bond Fund................ $ 65 $ 96 $ 130 $ 196 $ 13 $ 40 $ 70 $ 153 $ 13 $ 40 $ 70 $ 153
Stock Fund............... 64 94 126 190 12 38 66 146 12 38 66 146
Money Market Fund........ 64 94 126 188 12 38 66 145 12 38 66 145
Advisers Fund............ 66 100 136 209 14 44 76 167 14 44 76 167
Capital Appreciation
Fund................... 66 100 136 210 14 44 77 168 14 44 77 168
Mortgage Securities
Fund................... 64 94 126 190 12 38 66 146 12 38 66 146
Index Fund............... 64 92 123 183 12 36 63 139 12 36 63 139
International
Opportunities Fund..... 67 104 143 224 16 48 83 182 16 48 83 182
Calvert Social Balanced
Portfolio.............. 68 105 145 229 16 50 86 187 16 50 86 187
Dividend & Growth Fund... 66 101 138 215 15 46 79 172 15 46 79 172
</TABLE>

This EXAMPLE should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown.

EXAMPLE-DC-II (1.25% MORTALITY AND EXPENSE RISK CHARGE)

SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS 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> <C> <C> <C> <C>
Bond Fund................ $ 70 $ 113 $ 158 $ 257 $ 18 $ 57 $ 99 $ 215 $ 19 $ 58 $ 100 $ 216
Stock Fund............... 70 111 155 251 17 55 96 209 18 56 97 210
Money Market Fund........ 70 111 155 250 17 55 95 208 18 56 96 209
Advisers Fund............ 71 116 164 269 19 61 105 228 20 62 106 229
Capital Appreciation
Fund................... 72 117 165 270 19 61 106 229 20 62 107 230
Mortgage Securities
Fund................... 70 111 155 251 17 55 96 209 18 56 97 210
Index Fund (1)........... 69 109 152 245 17 54 93 202 18 54 94 203
International
Opportunities Fund..... 73 121 171 284 21 65 113 243 21 66 113 244
Calvert Social Balanced
Portfolio.............. 73 122 173 288 21 67 115 247 22 67 115 248
Dividend & Growth Fund... 72 118 167 275 20 63 108 234 21 63 109 234
</TABLE>

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(1) For this Example, the Index Fund combined expenses are limited to 1.25%

This EXAMPLE should not be considered a representation of past or future
expenses and actual expenses may be greater or less than those shown.

6
<PAGE>
SUMMARY

A. CONTRACTS OFFERED

Group contracts issued in conjunction with a Deferred Compensation Plan or a
Qualified Plan of an employer are offered.

The Qualified Plan contracts available with respect to DC-II are limited to
plans established and sponsored by Employers for their Employees. Qualified
Plans provide a way for an Employer to establish a funded retirement plan for
its Employees. The contract is normally issued to the Employer or to the trustee
or custodian of the Employer's Plan.

Contract Owners who have purchased a prior series of contracts may continue
to make Contributions to such contracts subject to the terms and provisions of
their contracts. New Participants may be added to existing contracts of the
prior series but no new contracts of that series will be issued. Prior Contract
Owners are referred to the Appendix (commencing on page 36) for a description of
the sales charges and other expenses applicable to earlier series of contracts.

B. ACCUMULATION PERIOD UNDER THE CONTRACTS

During the Accumulation Period under the contracts, Contributions made by
the Employer to the contracts are used to purchase variable account interests.
Contributions allocated to purchase variable interests may, after the deductions
described hereafter, be invested in selected Sub-Accounts of the Separate
Account, as appropriate.

C. CONTINGENT DEFERRED SALES CHARGES

No deduction for sales expense is made at the time of allocation of
Contributions to the contracts. For Contracts under which variable account
Contributions are held under Separate Account DC-I during the Accumulation
Period, a deduction for contingent deferred sales charges is made if there is
any surrender of contract values during the first 12 Participant's Contract
Years. During the first six years thereof, a maximum deduction of 5% will be
made against the full amount of any such surrender. During the next two years
thereof, a maximum deduction of 4% will be made against the full amount of any
such surrender. During the next two years thereof, a maximum deduction of 3%
will be made against the full amount of any such surrender. During the next two
years thereof, a maximum deduction of 2% will be made against the full amount of
any such surrender. For Contracts under which variable account Contributions are
held under Separate Account DC-II during the Accumulation Period, a deduction
for contingent deferred sales charges is made if there is any surrender of
contract values during the first 15 Participant Contract Years. During the first
8 years thereof, a maximum deduction of 5% will be made against the full amount
of any such surrender. During the next 7 years thereof, a maximum deduction of
3% will be made against the full amount of any such Contributions to a
Participant's Individual Account. The amount or term of the contingent deferred
sales charge may be reduced (see "Charges Under the Contract -- Experience
Rating of Contracts," page 26).

No deduction for contingent deferred sales charges will be made in certain
cases. (See "Is there ever a time when the sales charges do not apply?," page
25.)

Hartford reserves the right to limit any increase in the Contributions made
to a Participant's Individual Account under any contract to no more than three
times the total Contributions made on behalf of such Participant during the
initial 12 consecutive months following the Date of Coverage. Increases in
excess of those described will be accepted only with the consent of Hartford and
subject to the then current deductions being made under the contracts.

D. TRANSFER BETWEEN ACCOUNTS

During the Accumulation Period a Contract Owner may allocate monies held in
the Separate Account among the available Sub-Accounts of the Separate Account.
There may be restrictions under certain circumstances (see "May I transfer
assets between Sub-Accounts?" commencing on page 17).

E. ANNUITY PERIOD UNDER THE CONTRACTS

Contract values held with respect to Participants' Individual Accounts with
respect to DC-I or DC-II, as appropriate, at the end of the Accumulation Period
(and any additional Contributions that a Deferred Compensation Plan Contract
Owner (DC-I, only) elects to make at the commencement of the Annuity Period)
will, at the direction of the Contract Owner, be allocated to establish
Annuitants' Accounts to provide Fixed and/or Variable Annuities under the
contracts.

7
<PAGE>

Additional Contributions made under the contracts (on Deferred Compensation
Plans written with respect to DC-I only) at the beginning of the Annuity Period,
to effect increased Fixed and/or Variable Annuity payments, will be subject to a
sales charge deduction in the maximum amount of 3.50% of such Contribution. (See
"How are Contributions made to establish my Annuity account?" commencing on page
21.)

F. MINIMUM DEATH BENEFITS

A Minimum Death Benefit is provided in the event of death of the Participant
under a Participant's Individual Account prior to the earlier of the
Participant's 65th birthday or the Annuity Commencement Date. (See "What would
my Beneficiary receive as death proceeds?" commencing on page 19.)

G. ANNUITY OPTIONS

The Annuity Commencement Date will not be deferred beyond the Participant's
75th birthday or such earlier date as may be required by applicable law and/or
regulation. If a Contract Owner does not elect otherwise, Hartford reserves the
right to begin Annuity payments automatically at age 65 under an option
providing for a life Annuity with 120 monthly payments certain. (See "What are
the available Annuity options under the contracts?" commencing on page 22.)
However, Hartford will not assume responsibility in determining or monitoring
minimum distributions beginning at age 70 1/2. When an Annuity is purchased by a
Contract Owner for an Annuitant, unless otherwise specified, DC-I or DC-II
Accumulation Unit Values will be applied to provide a Variable Annuity under
DC-II.

H. DEDUCTIONS FOR PREMIUM TAXES

Deductions will be made during the Accumulation Period and Annuity Period,
as appropriate, for the payment of any Premium Taxes that may be levied against
the contract by a state or other governmental entity. The range is generally
between 0% and 3.50%. (See "Charges Under the Contract," page 24.)

I. ASSET CHARGE IN THE SEPARATE ACCOUNT

During both the Accumulation Period and the Annuity Period a charge is made
by Hartford for providing the mortality, expense, and administrative
undertakings under the contracts. With respect to contract values held in DC-I,
such charge is an annual rate of .90% (.50% for mortality, .15% for expense and
.25% for administrative undertakings) of the average daily net assets of DC-I;
however, where contract values exceed fifty million dollars ($50,000,000.00),
such charge is an annual rate of .75% (.50% for mortality, .10% for expense and
.15% for administrative undertakings) of the average daily net assets of DC-I.
With respect to contract values held in DC-II, such charge is an annual rate of
1.25% (.85% for mortality, .15% for expense and .25% for administrative
undertakings) of the average daily net assets of DC-II. The rate charged for the
mortality, expense and administrative undertakings under the contracts maybe
reduced (see "Charges Under the Contract -- Experience Rating of Contracts,"
page 26). The rate charged for the expense, mortality and administrative
undertakings may be periodically increased by Hartford subject to a maximum
annual rate of 2.00%, provided, however, that no such increase will occur unless
the Commission shall have first approved any such increase. (See "Charges Under
the Contract," page 24.)

J. ANNUAL MAINTENANCE FEE

An Annual Maintenance Fee may be charged against the value of each
Participant's Individual Account under a contract at the end of a Participant's
Contract Year. Currently, there is an Annual Maintenance Fee of $25.00 assessed
against any Participant's Individual Account value in Separate Account DC-II.
Hartford reserves the right to reduce or waive the Annual Maintenance Fee under
certain conditions (see "Charges Under the Contract -- Experience Rating of
Contracts," page 26).

K. FUND FEES AND CHARGES

The funds are subject to certain fees, charges and expenses. See the
accompanying prospectuses for the Funds.

L. MINIMUM PAYMENT

The minimum Contribution that may be made each month on behalf of a
Participant's Individual Account under a contract is $30.00, unless the
Employer's Plan provides otherwise.

8
<PAGE>

M. PAYMENT ALLOCATION TO THE SEPARATE ACCOUNTS

The contracts permit the allocation of Contributions, in multiples of ten
percent of each Contribution among the several Sub-Accounts of DC-I and DC-II.
The minimum amount that may be allocated to or invested in Accumulation Units of
any Sub-Account in a Separate Account shall not be less than $10.00.

N. VOTING RIGHTS OF CONTRACT OWNERS

Contract Owners and/or vested Participants will have the right to vote on
matters affecting the underlying Fund to the extent that proxies are solicited
by such Fund. If a Contract Owner does not vote, Hartford shall vote such
interest in the same proportion as shares of the Fund for which instructions
have been received by Hartford. (See "What are my voting rights?," page 34.)

9
<PAGE>
ACCUMULATION UNIT VALUES
(FOR AN ACCUMULATION UNIT OUTSTANDING THROUGHOUT THE PERIOD)

The following information has been derived from the audited financial
statements of the Separate Accounts, which have been audited by Arthur Andersen,
LLP, independent public accountants, as indicated in their reports thereto, and
should be read in conjunction with those statements which are included in the
Statement of Additional Information, which is incorporated by reference in this
Prospectus.

1989 1988
------- -------
DC-I
<S> <C> <C>
BOND FUND SUB-ACCOUNT
(INCEPTION DATE AUGUST 3, 1982)
Accumulation unit value at beginning of
period................................. $ 2.384 $ 2.244
Accumulation unit value at end of
period................................. $ 2.640 $ 2.384
Number accumulation units outstanding at
end of period
(in thousands)......................... 9,462 9,015
DC-I
STOCK FUND SUB-ACCOUNT
(INCEPTION DATE AUGUST 3, 1982)
Accumulation unit value at beginning of
period................................. $ 3.916 $ 3.332
Accumulation unit value at end of
period................................. $ 4.875 $ 3.916
Number accumulation units outstanding at
end of period
(in thousands)......................... 28,198 25,658
DC-I
MONEY MARKET FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 14, 1982)
Accumulation unit value at beginning of
period................................. $ 1.954 $ 1.842
Accumulation unit value at end of
period................................. $ 2.106 $ 1.954
Number accumulation units outstanding at
end of period
(in thousands)......................... 8,871 8,703
DC-I
ADVISERS FUND SUB-ACCOUNT
(INCEPTION DATE MAY 2, 1983)
Accumulation unit value at beginning of
period................................. $ 1.766 $ 1.566
Accumulation unit value at end of
period................................. $ 2.123 $ 1.766
Number accumulation units outstanding at
end of period
(in thousands)......................... 74,660 62,335
</TABLE>

10
<PAGE>

<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------------------------------------------------------
1997 1996 1995 1994 1993 1992 1991 1990
-------- -------- -------- ------- ------- ------- ------- -------
DC-I
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITAL APPRECIATION FUND SUB-ACCOUNT
(INCEPTION DATE APRIL 2, 1984)
Accumulation unit value at beginning of
period................................. $ 6.552 $ 5.482 $ 4.257 $ 4.204 $ 3.524 $ 3.050 $ 2.004 $ 2.278
Accumulation unit value at end of
period................................. $ 7.952 $ 6.552 $ 5.482 $ 4.257 $ 4.204 $ 3.524 $ 3.050 $ 2.004
Number accumulation units outstanding at
end of period
(in thousands)......................... 62,609 59,279 52,278 46,086 36,598 25,900 19,437 15,293
DC-I
MORTGAGE SECURITIES FUND SUB-ACCOUNT
(INCEPTION DATE JANUARY 15, 1985)
Accumulation unit value at beginning of
period................................. $ 2.430 $ 2.335 $ 2.034 $ 2.093 $ 1.993 $ 1.929 $ 1.702 $ 1.571
Accumulation unit value at end of
period................................. $ 2.628 $ 2.430 $ 2.335 $ 2.034 $ 2.093 $ 1.993 $ 1.929 $ 1.702
Number accumulation units outstanding at
end of period
(in thousands)......................... 9,204 10,597 11,067 10,782 11,722 12,046 11,855 10,291
DC-I
INDEX FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 3, 1987)
Accumulation unit value at beginning of
period................................. $ 1.520 $ 2.353 $ 1.738 $ 1.735 $ 1.605 $ 1.522 $ 1.190 $ 1.255
Accumulation unit value at end of
period................................. $ 1.907 $ 1.520 $ 2.353 $ 1.738 $ 1.735 $ 1.605 $ 1.522 $ 1.190
Number accumulation units outstanding at
end of period
(in thousands)......................... 67,788 49,989 19,816 15,356 13,489 11,720 8,519 6,350
DC-I
CALVERT SOCIAL BALANCED PORTFOLIO
SUB-ACCOUNT
(INCEPTION DATE JANUARY 25, 1989)
Accumulation unit value at beginning of
period................................. $ 2.152 $ 1.929 $ 1.504 $ 1.573 $ 1.475 $ 1.388 $ 1.207 $ 1.173
Accumulation unit value at end of
period................................. $ 2.563 $ 2.152 $ 1.929 $ 1.504 $ 1.573 $ 1.475 $ 1.388 $ 1.207
Number accumulation units outstanding at
end of period
(in thousands)......................... 10,795 10,160 9,009 7,899 7,199 5,215 3,508 2,036
DC-I
INTERNATIONAL OPPORTUNITIES FUND
SUB-ACCOUNT
(INCEPTION DATE JULY 2, 1990)
Accumulation unit value at beginning of
period................................. $ 1.488 $ 1.330 $ 1.181 $ 1.220 $ 0.924 $ 0.979 $ 0.877 $ 1.000
Accumulation unit value at end of
period................................. $ 1.459 $ 1.488 $ 1.330 $ 1.181 $ 1.220 $ 0.924 $ 0.979 $ 0.877
Number accumulation units outstanding at
end of period
(in thousands)......................... 38,369 43,558 35,671 38,270 19,894 8,061 4,663 2,564
DC-I
DIVIDEND & GROWTH FUND SUB-ACCOUNT
(INCEPTION DATE MAY 1, 1995)
Accumulation unit value at beginning of
period................................. $ 1.490 $ 1.224 $ 1.000 -- -- -- -- --
Accumulation unit value at end of
period................................. $ 1.949 $ 1.490 $ 1.224 -- -- -- -- --
Number accumulation units outstanding at
end of period
(in thousands)......................... 37,647 20,897 6,317 -- -- -- -- --

1989 1988
------- -------
DC-I
<S> <C> <C>
CAPITAL APPRECIATION FUND SUB-ACCOUNT
(INCEPTION DATE APRIL 2, 1984)
Accumulation unit value at beginning of
period................................. $ 1.858 $ 1.490
Accumulation unit value at end of
period................................. $ 2.278 $ 1.858
Number accumulation units outstanding at
end of period
(in thousands)......................... 13,508 9,970
DC-I
MORTGAGE SECURITIES FUND SUB-ACCOUNT
(INCEPTION DATE JANUARY 15, 1985)
Accumulation unit value at beginning of
period................................. $ 1.406 $ 1.313
Accumulation unit value at end of
period................................. $ 1.571 $ 1.406
Number accumulation units outstanding at
end of period
(in thousands)......................... 8,919 9,005
DC-I
INDEX FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 3, 1987)
Accumulation unit value at beginning of
period................................. $ 0.975 $ 0.850
Accumulation unit value at end of
period................................. $ 1.255 $ 0.975
Number accumulation units outstanding at
end of period
(in thousands)......................... 3,639 1,946
DC-I
CALVERT SOCIAL BALANCED PORTFOLIO
SUB-ACCOUNT
(INCEPTION DATE JANUARY 25, 1989)
Accumulation unit value at beginning of
period................................. $ 1.000 --
Accumulation unit value at end of
period................................. $ 1.173 --
Number accumulation units outstanding at
end of period
(in thousands)......................... 629 --
DC-I
INTERNATIONAL OPPORTUNITIES FUND
SUB-ACCOUNT
(INCEPTION DATE JULY 2, 1990)
Accumulation unit value at beginning of
period................................. -- --
Accumulation unit value at end of
period................................. -- --
Number accumulation units outstanding at
end of period
(in thousands)......................... -- --
DC-I
DIVIDEND & GROWTH FUND SUB-ACCOUNT
(INCEPTION DATE MAY 1, 1995)
Accumulation unit value at beginning of
period................................. -- --
Accumulation unit value at end of
period................................. -- --
Number accumulation units outstanding at
end of period
(in thousands)......................... -- --
</TABLE>

11
<PAGE>

<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------------------------------------------------------
1997 1996 1995 1994 1993 1992 1991 1990
-------- -------- -------- ------- ------- ------- ------- -------
DC-II (1.25%)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BOND FUND SUB-ACCOUNT
(INCEPTION DATE AUGUST 25, 1982)
Accumulation unit value at beginning of
period................................. $ 4.187 $ 4.095 $ 3.500 $ 3.689 $ 3.389 $ 3.251 $ 2.827 $ 2.641
Accumulation unit value at end of
period................................. $ 4.604 $ 4.187 $ 4.095 $ 3.500 $ 3.689 $ 3.389 $ 3.251 $ 2.827
Number accumulation units outstanding at
end of period
(in thousands)......................... 1,606 1,655 1,368 1,123 992 816 732 724
DC-II (1.25%)
STOCK FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 29, 1982)
Accumulation unit value at beginning of
period................................. $ 11.017 $ 8.968 $ 6.771 $ 6.988 $ 6.188 $ 5.694 $ 4.627 $ 4.874
Accumulation unit value at end of
period................................. $ 14.295 $ 11.017 $ 8.968 $ 6.771 $ 6.988 $ 6.188 $ 5.694 $ 4.627
Number accumulation units outstanding at
end of period
(in thousands)......................... 5,082 4,885 4,413 3,885 3,181 2,517 1,885 1,467
DC-II (1.25%)
MONEY MARKET FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 29, 1982)
Accumulation unit value at beginning of
period................................. $ 2.725 $ 2.624 $ 2.512 $ 2.447 $ 2.407 $ 2.351 $ 2.245 $ 2.103
Accumulation unit value at end of
period................................. $ 2.834 $ 2.725 $ 2.624 $ 2.512 $ 2.447 $ 2.407 $ 2.351 $ 2.245
Number accumulation units outstanding at
end of period
(in thousands)......................... 1,473 1,333 989 905 886 884 929 881
DC-II (1.25%)
ADVISERS FUND SUB-ACCOUNT
(INCEPTION DATE MAY 2, 1983)
Accumulation unit value at beginning of
period................................. $ 4.201 $ 3.647 $ 2.876 $ 2.993 $ 2.700 $ 2.524 $ 2.123 $ 2.123
Accumulation unit value at end of
period................................. $ 5.168 $ 4.201 $ 3.647 $ 2.876 $ 2.993 $ 2.700 $ 2.524 $ 2.123
Number accumulation units outstanding at
end of period
(in thousands)......................... 10,299 10,505 9,212 8,279 7,023 7,323 6,220 5,565
DC-II (1.25%)
CAPITAL APPRECIATION FUND SUB-ACCOUNT
(INCEPTION DATE APRIL 2, 1984)
Accumulation unit value at beginning of
period................................. $ 6.533 $ 5.478 $ 4.257 $ 4.204 $ 3.524 $ 3.050 $ 2.004 $ 2.278
Accumulation unit value at end of
period................................. $ 7.896 $ 6.533 $ 5.478 $ 4.257 $ 4.204 $ 3.524 $ 3.050 $ 2.004
Number accumulation units outstanding at
end of period
(in thousands)......................... 11,032 10,979 9,081 6,923 4,940 3,276 2,113 1,455
DC-II (1.25%)
MORTGAGE SECURITIES FUND SUB-ACCOUNT
(INCEPTION DATE JANUARY 15, 1985)
Accumulation unit value at beginning of
period................................. $ 2.421 $ 2.333 $ 2.034 $ 2.093 $ 1.993 $ 1.929 $ 1.702 $ 1.571
Accumulation unit value at end of
period................................. $ 2.606 $ 2.421 $ 2.333 $ 2.034 $ 2.093 $ 1.993 $ 1.929 $ 1.702
Number accumulation units outstanding at
end of period
(in thousands)......................... 1,035 1,141 1,149 994 942 802 736 582

1989 1988
------- -------
DC-II (1.25%)
<S> <C> <C>
BOND FUND SUB-ACCOUNT
(INCEPTION DATE AUGUST 25, 1982)
Accumulation unit value at beginning of
period................................. $ 2.385 $ 2.244
Accumulation unit value at end of
period................................. $ 2.641 $ 2.385
Number accumulation units outstanding at
end of period
(in thousands)......................... 594 433
DC-II (1.25%)
STOCK FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 29, 1982)
Accumulation unit value at beginning of
period................................. $ 3.915 $ 3.331
Accumulation unit value at end of
period................................. $ 4.874 $ 3.915
Number accumulation units outstanding at
end of period
(in thousands)......................... 1,156 1,011
DC-II (1.25%)
MONEY MARKET FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 29, 1982)
Accumulation unit value at beginning of
period................................. $ 1.951 $ 1.840
Accumulation unit value at end of
period................................. $ 2.103 $ 1.951
Number accumulation units outstanding at
end of period
(in thousands)......................... 718 628
DC-II (1.25%)
ADVISERS FUND SUB-ACCOUNT
(INCEPTION DATE MAY 2, 1983)
Accumulation unit value at beginning of
period................................. $ 1.766 $ 1.566
Accumulation unit value at end of
period................................. $ 2.123 $ 1.766
Number accumulation units outstanding at
end of period
(in thousands)......................... 5,227 4,631
DC-II (1.25%)
CAPITAL APPRECIATION FUND SUB-ACCOUNT
(INCEPTION DATE APRIL 2, 1984)
Accumulation unit value at beginning of
period................................. $ 1.858 $ 1.490
Accumulation unit value at end of
period................................. $ 2.278 $ 1.858
Number accumulation units outstanding at
end of period
(in thousands)......................... 1,037 787
DC-II (1.25%)
MORTGAGE SECURITIES FUND SUB-ACCOUNT
(INCEPTION DATE JANUARY 15, 1985)
Accumulation unit value at beginning of
period................................. $ 1.406 $ 1.313
Accumulation unit value at end of
period................................. $ 1.571 $ 1.406
Number accumulation units outstanding at
end of period
(in thousands)......................... 845 764
</TABLE>

12
<PAGE>

1989 1988
------- -------
DC-II (1.25%)
<S> <C> <C>
INDEX FUND SUB-ACCOUNT
(INCEPTION DATE JUNE 3, 1987)
Accumulation unit value at beginning of
period................................. $ 0.975 $ 0.850
Accumulation unit value at end of
period................................. $ 1.255 $ 0.975
Number accumulation units outstanding at
end of period
(in thousands)......................... 275 116
DC-II (1.25%)
CALVERT SOCIAL BALANCED PORTFOLIO
SUB-ACCOUNT
(INCEPTION DATE JANUARY 25, 1989)
Accumulation unit value at beginning of
period................................. $ 1.000 --
Accumulation unit value at end of
period................................. $ 1.106 --
Number accumulation units outstanding at
end of period
(in thousands)......................... 18 --
DC-II (1.25%)
INTERNATIONAL OPPORTUNITIES FUND
SUB-ACCOUNT
(INCEPTION DATE JULY 2, 1990)
Accumulation unit value at beginning of
period................................. -- --
Accumulation unit value at end of
period................................. -- --
Number accumulation units outstanding at
end of period
(in thousands)......................... -- --
DC-II (1.25%)
DIVIDEND & GROWTH FUND SUB-ACCOUNT
(INCEPTION DATE MAY 1, 1995)
Accumulation unit value at beginning of
period................................. -- --
Accumulation unit value at end of
period................................. -- --
Number accumulation units outstanding at
end of period
(in thousands)......................... -- --
</TABLE>

13
<PAGE>
PERFORMANCE RELATED INFORMATION

Each Separate Account may advertise certain performance related information
concerning its Sub-Accounts. Performance information about the Sub-Account is
based on the Sub-Account's past performance only and is no indication of future
performance.

The Advisers Fund, Bond Fund, Calvert Social Balanced Portfolio, Capital
Appreciation Fund, Dividend and Growth Fund, Index Fund, International
Opportunities Fund, Money Market Fund, Mortgage Securities Fund, and Stock Fund
Sub-Accounts may include total return in advertisements or other sales material.

When a Sub-Account advertises its standardized total return, it will usually
be calculated for one year, five years, and ten years or some other relevant
periods if the Sub-Account has not been in existence for at least ten years.
Total return is measured by comparing the value of an investment in the
Sub-Account at the beginning of the relevant period to the value of the
investment at the end of the period (assuming the deduction of any contingent
deferred sales charge which would be payable if the investment were redeemed at
the end of the period). Total return figures are net of all Fund level
management fees and charges, the mortality and expense risk charge and the
Annual Maintenance Fee.

The Bond Fund and Mortgage Securities Fund Sub-Accounts may advertise yield
in addition to total return. The yield will be computed in the following manner:
The net investment income per unit earned during a recent 30 day period is
divided by the unit value on the last day of the period. This figure reflects
the recurring charges on the Separate Account level including the Annual
Maintenance Fee and the mortality and expense risk charge.

The Money Market Fund Sub-Account may advertise yield and effective yield.
The yield of the Sub-Account is based upon the income earned by the Sub-Account
over a seven-day period and then annualized, i.e., the income earned in the
period is assumed to be earned every seven days over a 52-week period and stated
as a percentage of the investment. Effective yield is calculated similarly but
when annualized, the income earned by the investment is assumed to be reinvested
in Sub-Account units and thus compounded in the course of a 52-week period.
Yield and effective yield reflect the recurring charges on the Separate Account
level including the Annual Maintenance Fee and the mortality and expense risk
charge.

Total return at the Separate Account level includes all contract charges:
contingent deferred sales charges, mortality and expense risk charges, and the
Annual Maintenance Fee and is therefore lower than total return at the Fund
level, with no comparable charges. Likewise, yield at the Separate Account level
includes all recurring charges (except sales charges), and is therefore lower
than yield at the Fund level, with no comparable charges.

14
<PAGE>
INTRODUCTION

This Prospectus has been designed to provide you with the necessary
information to make a decision on purchasing contracts issued in conjunction
with a Deferred Compensation Plan or Qualified Plan of an Employer offered by
Hartford in Separate Account DC-I or DC-II. This Prospectus describes only the
elements of the contracts pertaining to the variable portion of the contract
supported by Separate Accounts DC Variable Account I and DC Variable Account II.
The contracts may contain additional separate accounts and a General Account
option which are not described in this Prospectus. Please read the Glossary of
Special Terms on pages 3 and 4 prior to reading this Prospectus to familiarize
yourself with the terms being used.

THE CONTRACTS AND THE SEPARATE ACCOUNTS

WHAT ARE THE CONTRACTS?

On contracts issued in conjunction with a Qualified Plan of an Employer,
Contributions are held in DC-II during both the Accumulation Period and Annuity
Period.

The Qualified Plan contracts available with respect to DC-II are limited to
voluntary plans established and sponsored by Employers for their Employees.
Qualified Plans provide a way for an Employer to establish a funded retirement
plan for its Employees. The contract is normally issued to the Employer or to
the trustee or custodian of the Employer's Plan.

Deferred Compensation Plans provide a way for an Employer and its Employees
to arrange for eligible employees to defer a certain portion of their income
("Deferred Compensation") to a determinable future date and thereby defer
current federal income taxes on such deferred compensation until actually
received by the Employee according to the terms of the Employer's Plan. An
Employer contemplating the offering of such a Plan should consult with its legal
counsel with respect to any securities aspects of interest in such Plans. At all
times, the Employer is the sole and exclusive owner of the contract issued with
respect to the Plan. An Employee electing to participate in the Employer's Plan
is, at all times, a general creditor of the Employer establishing the Plan. The
Small Business Job Protection Act of 1996, effective August 20, 1996, requires
that all assets and income of an eligible Deferred Compensation Plan which is
established by a governmental employer which is a State, a political subdivision
of a State, or any agency or instrumentality of a State or political subdivision
of a State, must be held in trust (or under certain specified custodial accounts
or annuity contracts) for the exclusive benefit of participants and their
beneficiaries. Special transition rules apply to such governmental Deferred
Compensation Plans already in existence on August 20, 1996, and provide that
such Plans need not establish a trust before January 1, 1999.

WHO CAN BUY THESE CONTRACTS?

The group variable annuity contracts offered under this Prospectus are
offered for use in connection with plans qualified under Sections 401(a) or
403(a) of the Internal Revenue Code, including annuity purchase plans adopted by
public school systems and certain tax-exempt organizations according to Section
403(b) of the Internal Revenue Code; annuity purchase plans adopted according to
Section 408 of the Internal Revenue Code, including employee pension plans
established for employees by a state, a political subdivision of a

15
<PAGE>
state, or an agency or instrumentality of either a state or a political
subdivision of a state, and certain eligible deferred compensation plans as
defined in Section 457 of the Internal Revenue Code; and pension or profit-
sharing plans described in Section 401(a) and 401(k) ("Qualified Contracts").

WHAT ARE THE SEPARATE ACCOUNTS AND HOW DO THEY OPERATE?

Provision has been made for two different Separate Accounts (DC-I and
DC-II), to be operative during the life of the contracts which are issued in
conjunction with Deferred Compensation Plans. This arrangement provides for tax
treatment of DC-I which may provide tax advantages to Deferred Compensation Plan
Contract Owners. (See "Federal Tax Considerations," page 30.) Provision has been
made for DC-II only, to be operative during the life of a contract issued in
conjunction with a Qualified Plan. DC-I and DC-II have been organized as unit
investment trust types of investment companies and have been registered as such
with the Commission under the Investment Company Act of 1940, as amended. The
Separate Accounts meet the definition of "separate account" under federal
securities law.

Registration of the Separate Accounts with the Commission does not involve
supervision of the management or investment practices or policies of the
Separate Account or of Hartford by the Commission. However, Hartford and the
Separate Accounts are subject to supervision and regulation by the Department of
Insurance of the State of Connecticut.

Under Connecticut law, the assets of the Separate Accounts attributable to
the contracts offered under this Prospectus are held for the benefit of the
owners of, and the persons entitled to payments under, those contracts. Also, in
accordance with the contracts, the assets in the Separate Accounts attributable
to contracts participating in the Separate Accounts are not chargeable with
liabilities arising out of any other business Hartford may conduct. So, you will
not be affected by the rate of return of Hartford's general account, nor by the
investment performance of any of Hartford's other separate accounts.

Your contributions are allocated to one or more Sub-Accounts of the Separate
Account. Each Sub-Account is invested exclusively in the assets of one
underlying Fund. Contributions and proceeds of transfers between Sub-Accounts
are applied to purchase shares in the appropriate Fund at net asset value
determined as of the end of the Valuation Period during which the payments were
received or the transfer made. All distributions from the Fund are reinvested at
net asset value. The value of your investment during the Accumulation Period
will therefore vary in accordance with the net income and fluctuation in the
individual investments within the underlying Fund portfolio or portfolios.
During the Variable Annuity payout period, both your annuity payments and
reserve values will vary in accordance with these factors.

HARTFORD DOES NOT GUARANTEE THE INVESTMENT RESULTS OF THE SUB-ACCOUNTS OR
ANY OF THE UNDERLYING INVESTMENTS. THERE IS NO ASSURANCE THAT THE VALUE OF A
CONTRACT DURING THE YEARS PRIOR TO RETIREMENT OR THE AGGREGATE AMOUNT OF THE
VARIABLE ANNUITY PAYMENTS WILL EQUAL THE SUM OF ALL CONTRIBUTIONS MADE UNDER THE
CONTRACT. SINCE EACH UNDERLYING FUND HAS DIFFERENT INVESTMENT OBJECTIVES, EACH
IS SUBJECT TO DIFFERENT RISKS. THESE RISKS ARE MORE FULLY DESCRIBED IN THE
ACCOMPANYING FUNDS' PROSPECTUSES.

Hartford reserves the right, subject to compliance with the law, to
substitute the shares of any other registered investment company for the shares
of any Fund held by the Separate Account. Substitution may occur if shares of
the Fund(s) become unavailable or due to changes in applicable law or
interpretations of law. Current law requires notification to you of any such
substitution and approval of the Securities and Exchange Commission. Hartford
also reserves the right, subject to compliance with the law to offer additional
Sub-Accounts with differing investment objectives, and to make existing
Sub-Account options unavailable under the contracts in the future.

The Separate Accounts may be subject to liabilities arising from series
whose assets are attributable to other variable annuity contracts or variable
life insurance policies offered by the Separate Account which are not described
in this Prospectus.

Hartford may offer additional separate account options from time to time
under these contracts. Such new options will be subject to the then in effect
charges, fees, and or transfer restrictions for the contracts for such
additional separate accounts.

16
<PAGE>
OPERATION OF THE CONTRACT

HOW ARE CONTRIBUTIONS CREDITED?

A Master Contract is issued to an association, Employer or Employer group
designated entity. Employers participating in the Master Contract will do so by
executing a Joinder Agreement through which they agree to participate in the
Master Contract. The provisions in the Master Contract are fully and separately
applicable to each joining Employer and to Participant's Individual Accounts
thereunder. The variable contracts of prior series are no longer issued,
however, Contract Owners may continue to make Contributions to those contracts.
Such Contract Owners should refer to the Appendix, page 36, for a description of
the sales charges and other expenses applicable to such contracts.

A group contract is issued to an Employer adopting a Plan and will cover all
present and future Participants in the Employer's Plan. Contracts provide for
variable (Separate Account) Contributions and allocations to the General Account
during the Accumulation Period.

The number of Accumulation Units in each Sub-Account to be credited to a
Participant's Individual Account will be determined by dividing the portion of
the Contribution being credited to each Sub-Account by the value of an
Accumulation Unit in that Sub-Account on the applicable Valuation Day.

Initial Contributions are priced for crediting to a Participant's Individual
Account within two business days after receipt of a properly completed
application and the initial Contribution by Hartford at its Administrative
Office. If an application or any other necessary information (collectively,
"application") is incomplete when received, the initial Contribution will be
credited to the Participant's Individual Account not later than two business
days after the application is made complete. However, if an incomplete
application is not made complete within five business days of its initial
receipt, the Contribution will be immediately returned unless you have been
informed of the delay and request that the Contribution not be returned.

Subsequent Contributions properly designated for a Participant's Individual
Account are priced for crediting to such Participant's Individual Account on the
Valuation Day that the Contribution is received by Hartford at its
Administrative Office, or other designated location.

The number of Sub-Account Accumulation Units will not change because of a
subsequent change in an Accumulation Unit's value, but the dollar value of an
Accumulation Unit will vary to reflect the investment experience of the
appropriate Fund shares that serve as the underlying investment for the
Sub-Account.

MAY I MAKE CHANGES IN THE AMOUNTS OF MY CONTRIBUTION?

Yes, however the minimum Contribution that may be made at any one time on
behalf of a Participant during the Accumulation Period under a contract is $30
unless the Employer's Plan provides otherwise. If the Plan adopted by the
Contract Owner so provides, the contract permits the allocation of
Contributions, in multiples of 10% among the several Sub-Accounts of DC-I and
DC-II. The minimum amount that may be allocated to any Sub-Account in a Separate
Account shall not be less than $10. Such changes must be requested in the form
and manner prescribed by Hartford.

MAY I TRANSFER ASSETS BETWEEN SUB-ACCOUNTS?

Yes, during the Accumulation Period you may transfer the values of your
Sub-Account allocations from one or more Sub-Accounts to another.

The following transfer restrictions apply to contracts issued or amended on
or after May 1, 1992.

Transfers of assets presently held in the General Account, or which were
held in the General Account at any time during the preceding three months, to
the Money Market Fund Sub-Account are prohibited.

Similarly, transfers of assets presently held in the Money Market Fund
Sub-Account, or which were held in the Money Market Fund Sub-Account or the
General Account during the preceding three months, to the General Account are
prohibited.

Transfers between Sub-Accounts and changes in Sub-Account allocations may be
made by written request or by calling 1-800-528-9009. Any transfers or changes
made in writing will be effected as of the date the request is received by
Hartford at its Administrative Office. Telephone transfer changes may not be
permitted in some states. The policy of Hartford and its agents and affiliates
is that they will not be responsible for losses resulting from acting upon
telephone requests reasonably believed to be genuine. Hartford will

17
<PAGE>
employ reasonable procedures to confirm that instructions communicated by
telephone are genuine; otherwise Hartford may be liable for any losses due to
unauthorized or fraudulent instructions. The procedures Hartford follows for
transactions initiated by telephone include requirements that Participants
provide certain identifying information. All transfer instructions by telephone
are recorded.

In addition, the right, with respect to a Participant's Individual Account,
to transfer monies between Sub-Accounts is subject to modification if Hartford
determines, in its sole opinion, that the exercise of that right by the Contract
Owner/Participant is, or would be, to the disadvantage of other Contract
Owners/Participants. Any modification could be applied to transfers to or from
the same or all of the Accounts and could include, but not be limited to, the
requirement of a minimum time period between each transfer, not accepting
transfer requests of an agent acting under a power of attorney on behalf of more
than one Participant or Contract Owner, or limiting the dollar amount that may
be transferred between Sub -Accounts by a Contract Owner/ Participant at any one
time. Such restrictions may be applied in any manner reasonably designed to
prevent any use of the transfer right which is considered by Hartford to be the
disadvantage of other Contract Owners/ Participants.

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 receives your initial election
either on an appropriate election form in good order or by telephone subject to
the telephone transfer procedures detailed above. 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. You may specify a
maximum of five (5) Sub-Accounts. If, on any transfer date, your General Account
value or the value of your Accumulation Units under the Money Market Fund
Sub-Account, as applicable, is 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 in writing or by calling
1-800-528-9009 and giving notice to a Hartford representative on our recorded
telephone line.

WHAT HAPPENS IF THE CONTRACT OWNER FAILS TO MAKE CONTRIBUTIONS?

A contract will be deemed paid-up within 30 days after any anniversary date
of the contract if the Contract Owner has not remitted a Contribution to
Hartford during the preceding 12 month period. Effective with a change of the
contract to paid-up status, no further Contributions will be accepted by
Hartford and each Participant's Individual Account will be considered an
inactive account until the commencement of Annuity payments or until the value
of the Participant's Individual Account is disbursed or applied in accordance
with the termination provisions. (See "How can a contract be redeemed or
surrendered?" commencing on page 20). Once a contract has been placed on a
paid-up status it may not be reinstated. Persons receiving Annuity payments at
the time of any change to paid-up status will continue to receive their
payments.

MAY I ASSIGN OR TRANSFER THE CONTRACT?

Qualified Plans and Deferred Compensation Plans generally prohibit the
assignment of a contract or any interest therein. No assignment will be
effective until a copy has been filed at the offices of Hartford at Hartford,
Connecticut, prior to settlement for Hartford's liability under the contract.
Hartford assumes no responsibility for the validity of any such assignments.
Participants may not assign their individual account interests.

18
<PAGE>
HOW DO I KNOW WHAT MY ACCOUNT IS WORTH?

The value of the Accumulation Units in a Separate Account representing an
interest in the appropriate Fund shares that are held under the contract were
initially established on the date that Contributions were first contributed to
the appropriate Sub-Account of the Separate Account. The value of the respective
Accumulation Units for any subsequent day is determined by multiplying the
Accumulation Unit value for the preceding day by the net investment factor of
the appropriate Sub-Accounts, as appropriate. (See "How is the Accumulation Unit
value determined?" below.)

The value of a Participant's Individual Account under a contract at any time
prior to the commencement of Annuity payments can be determined by multiplying
the total number of Sub-Account Accumulation Units credited to a Participant's
Individual Account by the current Accumulation Unit value for the respective
Sub-Account. There is no assurance that the value in the Sub-Accounts will equal
or exceed the Contributions made by the Contract Owner to such Sub-Accounts.

HOW IS THE ACCUMULATION UNIT VALUE DETERMINED?

The Accumulation Unit value for each Sub-Account will vary to reflect the
investment experience of the applicable Fund and will be determined on each
"Valuation Day" by multiplying the Accumulation Unit value of the particular
Sub-Account on the preceding Valuation Day by a "Net Investment Factor" for that
Sub-Account for the Valuation Period then ended. The Net Investment Factor for
each of the Sub-Accounts is equal to the net asset value per share of the
corresponding Fund at the end of the Valuation Period (plus the per share amount
of any dividends or capital gains by that Fund if the ex-dividend date occurs in
the Valuation Period then ended) divided by the net asset value per share of the
corresponding Fund at the beginning of the Valuation Period and subtracting from
that amount the amount of any charges assessed during the Valuation Period then
ending. You should refer to the prospectuses for the Funds which accompany this
Prospectus for a description of how the assets of each Fund are valued since
each determination has a direct bearing on the Accumulation Unit value of the
Sub-Account and therefore the value of a contract.

HOW ARE THE UNDERLYING FUND SHARES VALUED?

The shares of the Fund are valued at net asset value on a daily basis. A
complete description of the valuation method used in valuing Fund shares may be
found in the accompanying prospectus of each Fund.

PAYMENT OF BENEFITS

WHAT WOULD MY BENEFICIARY RECEIVE AS DEATH PROCEEDS?

The contracts provide that in the event the Participant dies before the
selected Annuity Commencement Date or the Participant's age 65 (whichever occurs
first) the Minimum Death Benefit payable on such contract will be the greater of
(a) the value of the Participant's Individual Account determined as of the day
written proof of death of such person is received by Hartford, or (b) 100% of
the total Contributions made to such Account, reduced by any prior partial
surrenders.

The benefit may be taken by the Contract Owner in a single sum, in which
case payment will be made within seven days of receipt of proof of death by
Hartford, unless subject to postponement as explained below. In lieu of payment
in one sum, a Contract Owner may elect that the amount be applied, subject to
the suspension provisions described below, under any one of the optional Annuity
forms provided under DC-II (see "What are the available Annuity options under
the contracts?" commencing on page 22) to provide Annuity payments to the
Beneficiary.

An election to receive death benefits under a form of Annuity must be made
prior to a lump sum settlement with Hartford and within one year after the death
by written notice to Hartford at its offices in Hartford, Connecticut. Benefit
proceeds due on death may be applied to provide variable payments, fixed
payments, or a combination of variable and fixed payments. No election to
provide Annuity payments will become operative unless the initial Annuity
payment is at least $20.00 on either a variable or fixed basis, or $20.00 on
each basis when a combination benefit is elected. The manner in which the
Annuity payments are determined and in which they may vary from month to month
are the same as applicable to a Participant's Individual Account after
retirement. (See "How are Contributions made to establish my Annuity account?"
commencing on page 21.)

19
<PAGE>
HOW CAN A CONTRACT BE REDEEMED OR SURRENDERED?

THERE ARE CERTAIN RESTRICTIONS ON SECTION 403(B) TAX-SHELTERED ANNUITIES. AS
OF DECEMBER 31, 1988, ALL SECTION 403(B) ANNUITIES HAVE LIMITS ON FULL AND
PARTIAL SURRENDERS. CONTRIBUTIONS TO THE CONTRACT MADE AFTER DECEMBER 31, 1988
AND ANY INCREASES IN CASH VALUE AFTER DECEMBER 31, 1988 MAY NOT BE DISTRIBUTED
UNLESS THE CONTRACT OWNER/EMPLOYEE HAS (A) ATTAINED AGE 59 1/2, (B) TERMINATED
EMPLOYMENT, (C) DIED, (D) BECOME DISABLED, OR (E) EXPERIENCED FINANCIAL
HARDSHIP. DISTRIBUTIONS DUE TO FINANCIAL HARDSHIP OR SEPARATION FROM SERVICE MAY
STILL BE SUBJECT TO A PENALTY TAX OF 10%.

HARTFORD WILL NOT ASSUME ANY RESPONSIBILITY IN DETERMINING WHETHER A
WITHDRAWAL IS PERMISSIBLE, WITH OR WITHOUT TAX PENALTY, IN ANY PARTICULAR
SITUATION; OR IN MONITORING WITHDRAWAL REQUESTS REGARDING PRE OR POST JANUARY 1,
1989 ACCOUNT VALUES.

On termination of Contributions to a contract by the Contract Owner on
behalf of a Participant prior to the selected Annuity Commencement Date for such
Participant, the Contract Owner will have the following options:

1. To continue a Participant's Individual Account in force under the
contract. Under this option, when the selected Annuity Commencement Date
arrives, the Contract Owner will begin to receive Annuity payments under the
selected Annuity option under the contract. (See "What are the available Annuity
options under the contracts?" commencing on page 22.) At any time in the
interim, a Contract Owner may surrender a Participant's Individual Account for a
lump sum cash settlement in accordance with 3. below.

2. To provide Annuity payments immediately. The values in a Participant's
Individual Account may be applied, subject to contractual provisions, to provide
for Fixed or Variable Annuity payments, or a combination thereof, commencing
immediately, under the selected Annuity option under the contract. (See "What
are the available Annuity options under the contracts?" commencing on page 22.)

3. To surrender a Participant's Individual Account under the contract for a
lump sum cash settlement, in which event the Annual Maintenance Fee and any
applicable contingent deferred sales charges will be deducted. (See "How are the
charges under these contracts made?" commencing on page 24.) The amount received
will be the net termination value next computed after receipt by Hartford at its
Administrative Office of a written surrender request for complete surrender.
Payment will normally be made as soon as possible but not later than seven days
after the written request is received by Hartford.

4. In the case of a partial surrender the amount requested is either taken
out of the specified Sub-Account(s) or if no Sub-Account(s) are specified, the
requested amount is taken out of all applicable Sub-Account(s) on a pro rata
basis. Within this context, the contingent deferred sales charges are taken as a
percentage of the amount withdrawn. (See "How are the charges under these
contracts made?" commencing on page 24.) If the contingent deferred sales
charges have been experience rated (see "How are the charges under these
contracts made?" commencing on page 24), any amounts not subject to the
contingent deferred sales charge will be deemed to be surrendered last.

CAN PAYMENT OF THE REDEMPTION OR SURRENDER VALUE EVER BE POSTPONED BEYOND THE
SEVEN DAY PERIOD?

Yes. It may be postponed whenever (a) the New York Stock Exchange is closed,
except for holidays or weekends, or trading on the New York Stock Exchange is
restricted as determined by the Securities and Exchange Commission; (b) the
Securities and Exchange Commission permits postponement and so orders; or (c)
the Securities and Exchange Commission determines that an emergency exists
making valuation of the amounts or disposal of securities not reasonably
practicable.

MAY I SURRENDER ONCE ANNUITY PAYMENTS HAVE STARTED?

Except with respect to Option 5 (on a variable payout), once Annuity
payments have commenced for an Annuitant, no surrender of a life Annuity benefit
can be made for the purpose of receiving a partial withdrawal or a lump sum
settlement in lieu thereof. Any surrender out of Option 5 will be subject to
contingent deferred sales charges, if applicable.

20
<PAGE>

WHAT ARE ANNUITY RIGHTS?

Annuity Rights are provided under contracts issued only in conjunction with
Deferred Compensation Plans, with respect to DC-I only, entitling the Contract
Owner to have Annuity payments at the rates set forth in the contract at the
time of issue. Such rates will be made applicable to all amounts held in a
Participant's Individual Account during the Annuity Period under such contract
which do not exceed five times the gross Contributions made during the
Accumulation Period with respect to such Participant's Individual Account
thereunder. To the extent that the value of a Participant's Individual Account
at the end of the Accumulation Period is insufficient to fund the Annuity Rights
provided, the Contract Owner shall have the right to apply additional
Contributions to the values held in a Participant's Individual Account in order
to exercise all of the Annuity Rights provided. Any amounts in excess thereto
may be applied by Hartford at Annuity rates then being offered by Hartford.

CAN A CONTRACT BE SUSPENDED BY A CONTRACT OWNER?

A contract may be suspended by the Contract Owner by giving written notice
at least 90 days prior to the effective date of such suspension to Hartford at
its Administrative Office. A contract will be suspended automatically on its
anniversary if the Contract Owner fails to assent to any modification of a
contract, as described under the caption "Can a contract be modified?" which
modifications would have become effective on or before that anniversary. Upon
suspension, Contributions will continue to be accepted by Hartford under the
contract, and subject to the terms thereof, as they are applicable to
Participant's Individual Accounts under the contracts prior to such suspension,
but no Contributions will be accepted on behalf of any new Participant's
Individual Accounts. Annuitants at the time of any suspension will continue to
receive their Annuity payments. The suspension of a contract will not preclude
the Contract Owner's applying existing Participant's Individual Accounts under
DC-I or DC-II, as appropriate, to the purchase of Fixed or Variable Annuity
benefits.

HOW DO I ELECT AN ANNUITY COMMENCEMENT DATE AND FORM OF ANNUITY?

The Contract Owner selects an Annuity Commencement Date, usually between a
Participant's 50th and 75th birthdays, and an Annuity Option. The Annuity
Commencement Date may not be deferred beyond a Participant's 75th birthday or
such earlier date as may be required by applicable law and/or regulation. The
Annuity Commencement Date and/or the Annuity option may be changed from time to
time, but any such change must be made at least 30 days prior to the date on
which Annuity payments are scheduled to begin. Annuity payments will normally be
made on the first business day of each month.

The contract contains five optional annuity forms which may be selected on
either a Fixed or Variable Annuity basis, or a combination thereof. If a
Contract Owner does not elect otherwise, Hartford reserves the right to begin
Annuity payments at age 65 under Option 2 with 120 monthly payments certain.
However, Hartford will not assume responsibility in determining or monitoring
minimum distributions beginning at age 70 1/2.

When an Annuity is purchased by a Contract Owner for an Annuitant, unless
otherwise specified, DC-I or DC-II Accumulation Unit values will be applied to
provide a Variable Annuity under DC-II.

WHAT IS THE MINIMUM AMOUNT THAT I MAY SELECT FOR AN ANNUITY PAYMENT?

The minimum Annuity payment is $20.00. No election may be made which results
in a first payment of less than $20.00. If at any time Annuity payments are or
become less than $20.00, Hartford has the right to change the frequency of
payment to intervals that will result in payments of at least $20.00.

HOW ARE CONTRIBUTIONS MADE TO ESTABLISH MY ANNUITY ACCOUNT?

During the Annuity Period, contract values and any allowable additional
Contributions made by the Contract Owner for the purpose of effecting Annuity
payments under the contract (Deferred Compensation Plans Only) are, based upon
the information received from the Contract Owner, applied to establish
Annuitant's Accounts under the contracts to provide Fixed or Variable Annuity
payments.

At the end of the Accumulation Period with respect to a Participant's
Individual Account there is an automatic transfer of all DC-I values to DC-II
which are used to establish Annuitant's Accounts with respect to DC-II. Such
transfer will be effected by a transfer of ownership of DC-I interests in the
underlying securities to DC-II. The value of a Participant's Individual Account
that is transferred to DC-II hereunder will be without application of any sales
charges or other expenses, with the exception of any applicable Premium Taxes.
DC-II values held during the Accumulation Period under a contract are retained
in DC-II.

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<PAGE>
In addition to having the right to allocate the value of a Participant's
Individual Account held in the Separate Account during the Accumulation Period
to establish an Annuitant's Account during the Annuity Period, a Deferred
Compensation Plan Contract Owner (with respect to DC-I, only) may make
additional Contributions at the beginning of the Annuity Period for the purpose
of effecting increased Annuity payments for Participants. All such additional
Contributions shall be subject to a deduction for sales expenses, as well as any
applicable Premium Taxes as follows:

<TABLE>
<CAPTION>
ADDITIONAL CONTRIBUTION TO AN ANNUITANT'S ACCOUNT TOTAL DEDUCTION
- ------------------------------------------------------------------------------------------------------- ---------------
<S> <C>
On the first $50,000............................................................................... 3.50%
On the next $50,000................................................................................ 2.00%
On the excess over $100,000........................................................................ 1.00%
</TABLE>

WHAT ARE THE AVAILABLE ANNUITY OPTIONS UNDER THE CONTRACTS?

OPTION 1: LIFE ANNUITY

A life annuity is an Annuity payable during the lifetime of the Annuitant
and terminating with the last monthly payment preceding the death of the
Annuitant. This option offers the maximum level of monthly payments of any of
the other life annuity options (Options 2-4) since there is no guarantee of a
minimum number of payments nor a provision for a death benefit payable to a
Beneficiary.

It would be possible under this option for an Annuitant to receive only one
Annuity payment if he died prior to the due date of the second Annuity payment,
two if he died before the due date of the third Annuity payment, etc.

*OPTION 2: LIFE ANNUITY WITH 120, 180 OR 240 MONTHLY PAYMENTS CERTAIN

This Annuity option is an Annuity payable monthly during the lifetime of an
Annuitant with the provision that payments will be made for a minimum of 120,
180 or 240 months, as elected. If, at the death of the Annuitant, payments have
been made for less than the minimum elected number of months, then any remaining
guaranteed monthly payments will be paid in one sum to the Beneficiary or
Beneficiaries designated unless other provisions will have been made and
approved by Hartford.

*OPTION 3: UNIT REFUND LIFE ANNUITY

This Annuity option is an Annuity payable monthly during the lifetime of the
Annuitant terminating with the last payment due prior to the death of the
Annuitant except that an additional payment will be made to the Beneficiary or
Beneficiaries if (a) below exceeds (b) below:

total amount applied under the option
(a) = at the Annuity Commencement Date
--------------------------------------------------------------------
Annuity Unit value at the Annuity Commencement Date

number of Annuity Units represented by number of monthly
(b) = each monthly Annuity payment made x Annuity payments made

The amount of the additional payments will be determined by multiplying such
excess by the Annuity Unit value as of the date that proof of death is received
by Hartford.

OPTION 4: JOINT AND LAST SURVIVOR ANNUITY

An Annuity payable monthly during the joint lifetime of the Annuitant and a
designated second person, and thereafter during the remaining lifetime of the
survivor, ceasing with the last payment prior to the death of the survivor.

At the Annuitant's death, payments will continue to be made to the
contingent annuitant, if living for the remainder of the contingent annuitant's
life. When the Annuity is purchased, the Annuitant elects what percentage (50%,
66 2/3% or 100%) of the monthly Annuity payment will continue to be paid to the
contingent annuitant.

It would be possible under this Option for an Annuitant and designated
second person in the event of the common or simultaneous death of the parties to
receive only one payment in the event of death prior to the due date for the
second payment and so on.

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<PAGE>
*OPTION 5: PAYMENTS FOR A DESIGNATED PERIOD

An amount payable monthly for the number of years selected. Under the
contracts the minimum number of years is five.

In the event of the Annuitant's death prior to the end of the designated
period, any then remaining balance of proceeds will be paid in one sum to the
Beneficiary or Beneficiaries designated unless other provisions will have been
made and approved by Hartford. Option 5 is an option that does not involve life
contingencies and thus no mortality guarantee.

Surrenders are subject to the limitations set forth in the contract and any
applicable contingent deferred sales charges (see "How are the charges under
these contracts made?" commencing on page 24).

* ON QUALIFIED PLANS, OPTIONS 2, 3 AND 5 ARE AVAILABLE ONLY IF THE GUARANTEED
PAYMENT PERIOD IS LESS THAN THE LIFE EXPECTANCY OF THE ANNUITANT AT THE TIME
THE OPTION BECOMES EFFECTIVE. SUCH LIFE EXPECTANCY SHALL BE COMPUTED ON THE
BASIS OF THE MORTALITY TABLE PRESCRIBED BY THE IRS, OR IF NONE IS PRESCRIBED,
THE MORTALITY TABLE THEN IN USE BY HARTFORD.
- --------------------------------------------------------------------------------

UNDER ANY OF THE ANNUITY OPTIONS ABOVE, EXCEPT OPTION 5 (ON A VARIABLE BASIS),
NO SURRENDERS ARE PERMITTED AFTER ANNUITY PAYMENTS COMMENCE.
- --------------------------------------------------------------------------------

HOW ARE VARIABLE ANNUITY PAYMENTS DETERMINED?

The value of the Annuity Unit for each Sub-Account in the Separate Account
for any day is determined by multiplying the value for the preceding day by the
product of (1) the net investment factor (see "How is the Accumulation Unit
value determined?" page 19) for the day for which the Annuity Unit value is
being calculated, and (2) a factor to neutralize the assumed net investment rate
discussed below.

When Annuity payments are to commence, the value of the contract is
determined as the product of the value of the Accumulation Unit credited to each
Sub-Account no earlier than the close of business on the fifth business day
preceding the date the first Annuity payment is due and the number of
Accumulation Units credited to each Sub-Account as of the date the Annuity is to
commence.

The first monthly payment varies according to the form of Annuity selected.
The contract cites Annuity tables derived from the 1983a Individual Annuity
Mortality Table with an assumed interest rate ("A.I.R.") of 4.00% or 5.00% per
annum. The total first monthly Annuity payment is determined by multiplying the
value (expressed in thousands of dollars) of a Sub-Account (less any applicable
Premium Taxes) by the amount of the first monthly payment per $1,000 of value
obtained from the tables in the contracts. With respect to fixed annuities only,
the current rate will be applied if it is higher than the rate under the tables
in the contract.

Level Annuity payments would be provided if the net investment rate remained
constant and equal to the A.I.R. In fact, payments will vary up or down in the
proportion that the net investment rate varies up or down from the A.I.R. A
higher A.I.R. may produce a higher initial payment but more slowly rising and
more rapidly falling subsequent payments than would a lower interest rate
assumption.

The amount of the first monthly Annuity payment, determined as described
above, is divided by the value of an Annuity Unit for the appropriate
Sub-Account not later than the fifth business day preceding the day on which the
payment is due in order to determine the number of Annuity Units represented by
the first payment. This number of Annuity Units remains fixed during the Annuity
Period, and in each subsequent month the dollar amount of the Annuity payment is
determined by multiplying this fixed number of Annuity Units by the then current
Annuity Unit value.

The Annuity payments will be made on the date selected. The Annuity Unit
value used in calculating the amount of the Annuity payments will be based on an
Annuity Unit value determined as of the close of business on a day not more than
the fifth business day preceding the date of the Annuity payment.

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<PAGE>
Here is an example of how a variable annuity is determined.

ILLUSTRATION OF ANNUITY PAYMENTS:
(UNISEX) AGE 65, LIFE ANNUITY WITH 120 PAYMENTS CERTAIN

<TABLE>
<C> <S> <C>
1. Net amount applied........................................ $ 139,782.50
2. Initial monthly income per $1,000 of payment applied...... 6.13
3. Initial monthly payment (1 x 2 DIVIDED BY 1,000)......... $ 856.87
4. Annuity Unit Value........................................ 3.125
5. Number of monthly annuity units (3 DIVIDED BY 4)......... 274.198
6. Assume annuity unit value of second month equal to........ 2.897
7. Second month payment (6 x 5).............................. $ 794.35
8. Assume annuity unit value for third month equal to........ 3.415
9. Third month payment (8 x 5)............................... $ 936.39
</TABLE>

The above figures are simply to illustrate the calculation of a variable
annuity and have no bearing on the actual historical record of any Separate
Account.

CAN A CONTRACT BE MODIFIED?

The contracts may, subject to any federal and state regulatory restrictions,
be modified at any time by written agreement between the Contract Owner and
Hartford. No modification will affect the amount or term of any Annuities begun
prior to the effective date of the modification, unless it is required to
conform the contract to, or give the Contract Owner the benefit of, any federal
or state statutes or any rule or regulation of the U.S. Treasury Department or
Internal Revenue Service.

On or after the fifth anniversary of any contract Hartford may change, from
time to time, any or all of the terms of the contracts by giving 90 days advance
written notice to the Contract Owner, except that the Annuity tables, guaranteed
interest rates and the contingent deferred sales charges which are applicable at
the time a Participant's Individual Account is established under a contract,
will continue to be applicable. In addition, the limitations on the deductions
for the Mortality, Expense Risks and Administrative Undertakings and the Annual
Maintenance Fee will continue to apply in all Contract Years.

At any time Hartford reserves the right to modify the contract, if such
modification: (i) is necessary to make the contract or the Separate Account
comply with any law or regulation issued by a governmental agency to which
Hartford is subject; or (ii) is necessary to assure continued qualification of
the contract under the Code or other federal or state laws relating to
retirement annuities or annuity contracts; or (iii) is necessary to reflect a
change in the operation of the Separate Account or the Sub-Account(s); or (iv)
provides additional Separate Account options; or (v) withdraws Separate Account
options. In the event of any such modification Hartford will provide notice to
the Contract Owner or to the payee(s) during the Annuity period. Hartford may
also make appropriate endorsement in the contract to reflect such modification.

CHARGES UNDER THE CONTRACT

HOW ARE THE CHARGES UNDER THESE CONTRACTS MADE?

24
<PAGE>

deferred sales charges will never exceed 8.5% of aggregate Contributions to a
Participant's Individual Account. The amount or term of the contingent deferred
sales charge may be reduced (see "Charges Under the Contract -- Experience
Rating of Contracts," page 26).

In the case of a redemption in which you request a certain dollar amount be
withdrawn, the sales charge is deducted from the amount withdrawn and the
balance is paid to you. Example: You request a total withdrawal your account
value is $1,000 and the applicable sales load is 5%. Your Sub-Account(s) will be
surrendered by $1,000 and you will receive $950 (i.e., the $1,000 total
withdrawal less the 5% sales charge). This is the method applicable on a full
surrender of your contract. In the case of a partial redemption in which you
request to receive a specified amount, the sales charge will be calculated on
the total amount that must be withdrawn from your Sub-Account(s) in order to
provide you with the amount requested. Example: You request to receive $1,000
and the applicable sales load is 5%. Your Sub-Account(s) will be reduced by
$1,052.63 (i.e., a total withdrawal of $1,052.63 which results in a $52.63 sales
charge ($1,052.63 x 5%) and a net amount paid to you of $1,000 as requested).

Hartford reserves the right to limit any increase in the Contributions made
to a Participant's Individual Account under any contract to not more than three
times the total Contributions made on behalf of such Participant during the
initial 12 consecutive months following the Date of Coverage. Increases in
excess of those described will be accepted only with the consent of Hartford and
subject to the then current deductions being made under the contracts.

IS THERE EVER A TIME WHEN THE SALES CHARGES DO NOT APPLY?

No deduction for contingent deferred sales charges will apply to an Eligible
Surrender. An Eligible Surrender is a withdrawal, including a withdrawal applied
under one of the available Annuity Options, where such withdrawal is (1) made on
account of a Qualifying Event and (2) payable directly to the Participant, or,
if applicable, to the Participant's beneficiary. For these purposes, a
Qualifying Event is: (i) the death of the Participant, (ii) financial hardship,
as defined in the Plan, (iii) the Participant's separation from service, or (iv)
the Participant's retirement. An amount withdrawn for transfer to the Plan
funding vehicle of another investment provider for the Plan shall not be
considered payable directly to the Participant and shall not constitute an
Eligible Surrender. The contingent deferred sales charges shall not apply to a
transfer of Contract values from this Contract to another group annuity contract
issued by Hartford or an affiliate of Hartford. This waiver is not available in
all States.

WHAT DO THE SALES CHARGES COVER?

The contingent deferred sales charges, when applicable, will be used to
cover expenses relating to the sale and distribution of the contracts, including
commissions paid to any distribution organization and its sales personnel, the
cost of preparing sales literature and other promotional activities. It is
anticipated that gross commissions paid on the sale of the contracts will not
exceed 5% of a Contribution. To the extent that these charges do not cover such
distribution expenses they will be borne by Hartford from its general assets,
including surplus or possible profit from mortality and expense risk charges.

WHAT IS THE MORTALITY, EXPENSE RISK AND ADMINISTRATIVE CHARGE?

Although Variable Annuity payments made under the contracts will vary in
accordance with the investment performance of the underlying Fund shares held in
the Sub-Account(s), the payments will not be affected by (a) Hartford's actual
mortality experience among Annuitants before or after retirement or (b)
Hartford's actual expenses, including certain administrative expenses, if
greater than the deductions provided for in the contracts because of the
mortality and expense undertakings by Hartford.

In providing an expense undertaking with respect to both DC-I and DC-II,
Hartford assumes the risk that the deductions for contingent deferred sales
charges, and the Annual Maintenance Fee under the contracts may be insufficient
to cover the actual future costs.

The mortality undertaking provided by Hartford under the contracts, assuming
the selection of one of the forms of life annuities, is to make monthly Annuity
payments (determined in accordance with the annuity tables and other provisions
contained in the contract) to Contract Owners on Annuitants' Accounts regardless
of how long all Annuitants may live and regardless of how long all Annuitants as
a group may live. This undertaking assures a Contract Owner that neither the
longevity of an Annuitant nor an improvement in life expectancy will have any
adverse effect on the monthly Annuity payments the Employee will receive under
the

25
<PAGE>
contract. It thus relieves the Contract Owner from the risk that Participants in
the Plan will outlive the funds accumulated. The mortality undertaking is based
on Hartford's present actuarial determination of expected mortality rates among
all Annuitants.

If actual experience among Annuitants deviates from Hartford's actuarial
determination of expected mortality rates among Annuitants because, as a group,
their longevity is longer than anticipated, Hartford must provide amounts from
its general funds to fulfill its contract obligations. In that event, a loss
will fall on Hartford. Conversely, if longevity among Annuitants is lower than
anticipated, a gain will result to Hartford. Hartford also assumes the liability
for payment of the Minimum Death Benefit provided under the contract.

The administrative undertaking provided by Hartford assures the Contract
Owner that administration will be provided throughout the entire life of the
contract.

For assuming these risks Hartford presently charges .90% (.50% for
mortality, .15% for expense and .25% for administrative undertakings) of the
average daily net assets of DC-I; however, where contract values exceed fifty
million dollars ($50,000,000.00), such charge is an annual rate of .75% (.50%
for mortality, .10% for expense and .15% for administrative undertakings) of the
average daily net assets of DC-I. With respect to the contract values in DC-II,
such charge is an annual rate of 1.25% (.85% for mortality, .15% for expense and
.25% for administrative undertakings) of the average daily net assets of DC-II,
as appropriate. The rate charged for the expense, mortality and administrative
undertakings under the contracts may be reduced (see "Charges Under the Contract
- -- Experience Rating of Contracts," below). The rate charged for the expense,
mortality and administrative undertakings may be periodically increased by
Hartford subject to a maximum annual rate of 2.00%, provided, however, that no
such increase will occur unless the Commission shall have first approved such
increase.

HIG EMPLOYER SPONSORED IRA

Under a Contract issued to Hartford Fire Insurance Company (a parent company
of Hartford) as custodian for the Hartford Insurance Group ("HIG") Employer
Sponsored Individual Retirement Account, no deduction for mortality and expense
charges are made against the assets of the Separate Account. A deduction of
0.15% is made under this Contract for administrative undertakings. All costs of
the mortality and expense undertakings and the reduction in charges for the
administrative undertakings are being assumed by HIG since the plan is limited
to employees of HIG and is in the nature of an additional employee benefit for
its Employees. Provision of this benefit for HIG employees in no way affects
present or future charges, rights, benefits or contract values of other Contract
Owners.

ARE THERE ANY OTHER ADMINISTRATIVE CHARGES?

There may be an Annual Maintenance Fee deduction from the value of each
Participant's Individual Account under the contracts. Currently, there is an
Annual Maintenance Fee of $25.00 assessed against any Participant's Individual
Account value in Separate Account DC-II. The Annual Maintenance Fee may be
reduced or waived (see "Charges Under the Contract -- Experience Rating of
Contracts," below).

The Annual Maintenance Fee will be deducted from the value of each such
Account on the last business day of each Participant's Contract Year provided,
however, that if the value of a Participant's Individual Account is redeemed in
full at any time before the last business day of the Participant's Contract
Year, then the Annual Maintenance Fee charge will be deducted from the proceeds
of such redemption. No deduction for the Annual Maintenance Fee will be made
during the Annuity Period under the contracts.

In the event that the contract contains a General Account option or the
contract is issued in conjunction with a separate Hartford General Account
contract, the Annual Maintenance Fee as described above will be charged against
DC-I or DC-II (as applicable) and the General Account contract or option on a
pro rata basis.

EXPERIENCE RATING OF CONTRACTS

Hartford may apply experience credits under a Contract based on investment,
administrative, mortality or other factors, including, but not limited to (1)
the total number of Participants, (2) the sum of all Participants' Individual
Account values, (3) the allocation of Contract values between the General
Account and the Separate Accounts under the Contract, (4) present or anticipated
levels of Contributions, distributions, transfers, administrative expenses or
commissions, and (5) whether Hartford is the exclusive annuity Contract
provider. Experience credits may be applied, either prospectively or
retrospectively, as a reduction in the deduction for mortality, expense risk and
administrative undertakings, a reduction in the term or amount of any

26
<PAGE>

applicable contingent deferred sales charges, a reduction or waiver of the
Annual Maintenance Fee, an increase in the rate of interest credited under the
Contract, a payment to be allocated as directed by the Contract Owner, or any
combination of the foregoing. Hartford may apply and allocate experience credits
in such manner as Hartford deems appropriate. Any such credit will not be
unfairly discriminatory against any person, including the affected Contract
Owners or Participants. Experience credits have been given in certain cases.
Participants in contracts receiving experience credits will receive notification
regarding such credits. Experience credits may be discontinued at Hartford's
sole discretion in the event of a change in applicable factors.

HOW MUCH ARE THE DEDUCTIONS FOR PREMIUM TAXES ON THESE CONTRACTS?

A deduction is also made for Premium Taxes, if applicable, imposed by a
state or other governmental entity. Certain states impose a Premium Tax, ranging
up to 3.50%. On any contract subject to Premium Taxes, Hartford will pay the
taxes when imposed by the applicable taxing authorities. Hartford, as its sole
discretion, will deduct the taxes from Contributions when received, from the
proceeds at surrender, or from the amount applied to effect an Annuity at the
time Annuity payments commence.

WHAT CHARGES ARE MADE BY THE FUNDS?

Deductions are made from assets of the Funds to pay for management fees and
the operating expenses of the Funds. A full description of the Funds, their
investment policies and restrictions, risks, charges and expenses and all other
aspects of their operation is contained in the accompanying prospectuses for the
Funds.

ARE THERE ANY OTHER DEDUCTIONS?

Reallocation of monies between or among Sub-Accounts under the contracts may
be subject to a $5.00 charge for each such transfer (see "Charges Under the
Contract -- Experience Rating of Contracts," page 26). Currently there is no
transfer charge.

HARTFORD LIFE INSURANCE COMPANY
AND THE FUNDS

WHAT IS HARTFORD?

Hartford Life Insurance Company ("Hartford") is a stock life insurance
company engaged in the business of writing life insurance, both individual and
group, in all states of the United States and the District of Columbia. Hartford
was originally incorporated under the laws of Massachusetts on June 5, 1902, and
was subsequently redomiciled to Connecticut. Its offices are located in
Simsbury, Connecticut; however, its mailing address is P.O. Box 2999, Hartford,
CT 06104-2999. Hartford is ultimately controlled by The Hartford Financial
Services Group, Inc., one of the largest financial service providers in the
United States.

HARTFORD RATINGS

<TABLE>
<CAPTION>
EFFECTIVE
RATING AGENCY DATE OF RATING RATING BASIS OF RATING
- --------------------------------------------------------------------- --------------- ----------- -----------------------
<S> <C> <C> <C>
Financial soundness and
A.M. Best and Company, Inc. 9/9/97 A+ operating performance.
Standard & Poor's.................................................... 1/23/98 AA Claims paying ability
Duff & Phelps........................................................ 1/23/98 AA+ Claims paying ability
</TABLE>

WHAT ARE THE FUNDS?

The assets of each Sub-Account of the Separate Account are invested
exclusively in one of the Funds. The investment objectives of each of the Funds
are summarized below. There is no guarantee that any Fund will achieve its
stated objectives.

A full description of the Funds, their investment policies and restrictions,
risks, charges and expenses and all other aspects of their operations is
contained in the Statement of Additional Information, which may be order from
Hartford, and the prospectuses for the Funds accompanying this Prospectus. All
such prospectuses should be read in conjunction with this Prospectus before
investing.

27
<PAGE>

THESE FUNDS MAY NOT BE AVAILABLE IN ALL STATES.

HARTFORD FUNDS

HARTFORD ADVISERS FUND

Seeks maximum long term total rate of return by investing in common stocks
and other equity securities, bonds and other debt securities, and money market
instruments.

HARTFORD BOND FUND

Seeks maximum current income consistent with preservation of capital by
investing primarily in fixed-income securities. Up to 20% of the total assets of
this Fund may be invested in debt securities rated in the highest category below
investment grade ("Ba" by Moody's Investor Services, Inc. or "BB" by Standard &
Poor's) or, if unrated, are determined to be of comparable quality by the Fund's
investment adviser. Securities rated below investment grade are commonly
referred to as "high yield-high risk securities" or "junk bonds." For more
information concerning the risks associated with investing in such securities,
please refer to the section in the accompanying prospectus for the Hartford
Funds entitled "Hartford Bond Fund, Inc. -- Investment Policies."

HARTFORD CAPITAL APPRECIATION FUND

Seeks growth of capital by investing in equity securities selected solely on
the basis of potential for capital appreciation.

HARTFORD DIVIDEND AND GROWTH FUND

Seeks a high level of current income consistent with growth of capital and
reasonable investment risk.

HARTFORD INDEX FUND

Seeks to provide investment results that correspond to the price and yield
performance of publicly-traded common stocks in the aggregate, as represented by
the Standard & Poor's 500 Composite Stock Price Index.*

HARTFORD INTERNATIONAL OPPORTUNITIES FUND

Seeks growth of capital by investing primarily in equity securities issued
by non-U.S. companies.

HARTFORD MORTGAGE SECURITIES FUND

Seeks maximum current income consistent with safety of principal and
maintenance of liquidity by investing primarily in mortgage-related securities,
including securities issued by the Government National Mortgage Association.

HARTFORD STOCK FUND

Seeks long-term growth of capital by investing primarily in equity
securities.

HARTFORD MONEY MARKET FUND

Seeks maximum current income consistent with liquidity and preservation of
capital.

* "STANDARD & POOR'S-REGISTERED TRADEMARK-", "S&P-REGISTERED TRADEMARK-", "S&P
500-REGISTERED TRADEMARK-", "STANDARD & POOR'S 500", AND "500" ARE TRADEMARKS
OF THE MCGRAW-HILL COMPANIES, INC. AND HAVE BEEN LICENSED FOR USE BY HARTFORD
LIFE INSURANCE COMPANY AND AFFILIATES. THE HARTFORD INDEX FUND, INC. ("INDEX
FUND") IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY STANDARD & POOR'S AND
STANDARD & POOR'S MAKES NO REPRESENTATION REGARDING THE ADVISABILITY OF
INVESTING IN THE INDEX FUND.

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<PAGE>

CALVERT FUND

CALVERT SOCIAL BALANCED PORTFOLIO

Seeks a total return above the rate of inflation through an actively
managed, nondiversified portfolio of common and preferred stocks, bonds, and
money market instruments which offer income and capital growth opportunities and
which satisfy the social criteria established for the Portfolio.

ALL FUNDS

The Hartford Funds are available only to serve as the underlying investment
for the variable annuity and variable life insurance contracts issued by
Hartford.

It is conceivable that in the future it may be disadvantageous for variable
annuity separate accounts and variable life insurance separate accounts to
invest in the Funds simultaneously. Although Hartford and the Funds do not
currently foresee any such disadvantages either to variable annuity Contract
Owners or to variable life insurance Policy Owners, the Funds' Board of
Directors intends to monitor events in order to identify any material conflicts
between such Contract Owners and Policy Owners and to determine what action, if
any, should be taken in response thereto. If the Board of Directors of the Funds
were to conclude that separate funds should be established for variable life and
variable annuity separate accounts, the variable annuity Contract Owners would
not bear any expenses attendant to the establishment of such separate funds, but
variable annuity Contract Owners and variable life insurance Policy Owners would
no longer have the economics of scale resulting from a larger combined fund.

Shares of Calvert Social Balanced Portfolio, a portfolio of Calvert Variable
Series, Inc. which is unaffiliated with Hartford, are offered to other
unaffiliated separate accounts. Hartford and the Board of Trustees of Calvert
Variable Series, Inc. intend to monitor events to identify any material
irreconcilable conflicts which may arise and to determine what action, if any,
should be taken in response thereto.

The Advisers Fund Sub-Account was not available under contracts issued prior
to May 2, 1983. The Capital Appreciation Fund Sub-Account was not available
under contracts issued prior to May 1, 1984. The Mortgage Securities Fund
Sub-Account was not available under contracts issued prior to January 15, 1985.
The Index Fund Sub-Account was not available under contracts issued prior to May
1, 1987. The Dividend and Growth Fund Sub-Account was not available under
contracts issued prior to May 1, 1995. Funds not available prior to the issue
date of a contract may be requested in writing by the Contract Owner.

INVESTMENT ADVISERS

All of the Funds are sponsored by Hartford and are incorporated under the
laws of the State of Maryland. HL Investment Advisors, Inc. ("HL Advisors")
serves as the investment adviser to each of the Hartford Funds.

Wellington Management Company, LLP serves as sub- investment adviser for
Hartford Advisers Fund, Hartford Capital Appreciation Fund, Hartford Dividend
and Growth Fund, Hartford International Opportunities
Fund and Hartford Stock Fund.

Calvert Asset Management Company serves as investment adviser and manages
the fixed-income portion of the Calvert Social Balanced Portfolio. The
sub-advisor to the Portfolio is NCM Capital Management Group, Inc. ("NCM"). NCM
manages the equity portion of the Portfolio.

In addition, HL Advisors has entered an investment services agreement with
The Hartford Investment Management Company, Inc., ("HIMCO"), pursuant to which
HIMCO will provide certain investment services to Hartford Bond Fund, Hartford
Index Fund, Hartford Mortgage Securities Fund, and Hartford Money Market Fund.

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<PAGE>
FEDERAL TAX CONSIDERATIONS

WHAT ARE SOME OF THE FEDERAL TAX CONSEQUENCES WHICH AFFECT THESE CONTRACTS?

A. GENERAL

SINCE THE TAX LAW IS COMPLEX AND SINCE TAX CONSEQUENCES WILL VARY ACCORDING
TO THE ACTUAL STATUS OF THE CONTRACT OWNER INVOLVED AND THE TYPE OF PLAN UNDER
WHICH THE CONTRACT IS PURCHASED, LEGAL AND TAX ADVICE MAY BE NEEDED BY A PERSON,
EMPLOYER OR OTHER ENTITY CONTEMPLATING THE PURCHASE OF A CONTRACT DESCRIBED
HEREIN.

It should be understood that any detailed description of the federal income
tax consequences regarding the purchase of these contracts cannot be made in
this Prospectus and that special tax rules may be applicable with respect to
certain purchase situations not discussed herein. For detailed information, a
qualified tax adviser should always be consulted. This discussion is based on
Hartford's understanding of existing federal income tax laws as they are
currently interpreted.

B. HARTFORD AND DC-I AND DC-II

DC-I is not taxed as a part of Hartford. The taxation of DC-I is governed by
Subchapter M of Chapter 1 of the Internal Revenue Code of 1986, as amended (the
"Code"). By distributing substantially all of the net income and realized
capital gains of DC-I to Contract Owners, no federal income tax liability will
be incurred by DC-I on the income and gain so distributed. While Hartford has no
reason to believe that DC-I will be taxed other than as described above, in the
event that it is, the taxation of DC-I and DC-II would be identical.

DC-II is taxed as part of Hartford which is taxed as a life insurance
company in accordance with the Code. Accordingly, DC-II will not be taxed as a
"regulated investment company" under Subchapter M of the Code. Investment income
and any realized capital gains on the assets of DC- II are reinvested and are
taken into account in determining the value of the Accumulation and Annuity
Units. (See "How is the Accumulation Unit value determined?" commencing on page
19.) As a result, such investment income and realized capital gains are
automatically applied to increase reserves under the contract.

No taxes are due on interest, dividends and short-term or long-term capital
gains earned by DC-II with respect to qualified or non-qualified contracts.

C. INFORMATION REGARDING TAX-QUALIFIED RETIREMENT PLANS

The tax rules applicable to tax-qualified contract owners, including
restrictions on contributions and distributions, taxation of distributions and
tax penalties, vary according to the type of plan as well as the terms and
conditions of the plan itself. Various tax penalties may apply to contributions
in excess of applicable limits, distributions prior to age 59 1/2 (subject to
certain exceptions), distributions which do not conform to applicable
commencement and minimum distribution rules, and certain other transactions with
respect to tax-qualified plans. Therefore, this summary does not attempt to
provide more than general information about the tax rules associated with use of
a Contract by a tax-qualified retirement plan. Contract owners, plan
participants and beneficiaries are cautioned that the rights and benefits of any
person to benefits may be controlled by the terms and conditions of the
tax-qualified retirement plan itself, regardless of the terms and conditions of
a Contract, but that Hartford is not bound by the terms and conditions of such
plans to the extent such terms conflict with a Contract, unless Hartford
specifically consents to be bound. Additionally, some tax-qualified retirement
plans are subject to distribution and other requirements which are not
incorporated into Hartford's administrative procedures. Contract owners,
participants and beneficiaries are responsible for determining that
contributions, distributions and other transactions comply with applicable law.
Because of the complexity of these rules, owners, participants and beneficiaries
are encouraged to consult their own tax advisors as to specific tax
consequences.

1. TAX-QUALIFIED PENSION OR PROFIT-SHARING PLANS

Provisions of the Code permit eligible employers to establish tax-qualified
pension or profit sharing plans (described in Section 401(a) and 401(k), if
applicable, and exempt from taxation under Section 501(a) of the Code), and
Simplified Employee Pension Plans (described in Section 408(k)). Such plans
are subject to limitations on the amount that may be contributed, the persons
who may be eligible to participate and the time when distributions must
commence. Employers intending to use these contracts in connection with
tax-qualified pension or profit-sharing plans should seek competent tax and
other legal advice.

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<PAGE>
2. TAX SHELTERED ANNUITIES UNDER SECTION 403(b)

Section 403(b) of the Code permits public school employees and employees of
certain types of charitable, educational and scientific organizations, as
specified in Section 501(c)(3) of the Code, to purchase annuity contracts,
and, subject to certain limitations, to exclude such contributions from gross
income. Generally, such contributions may not exceed the lesser of $10,000
(indexed) or 20% of an employee's "includable compensation" for such
employee's most recent full year of employment, subject to other adjustments.
Special provisions under the Code may allow some employees to elect a
different overall limitation.

Tax-sheltered annuity programs under Section 403(b) are subject to a
PROHIBITION AGAINST DISTRIBUTIONS FROM THE CONTRACT ATTRIBUTABLE TO
CONTRIBUTIONS MADE PURSUANT TO A SALARY REDUCTION AGREEMENT, unless such
distribution is made:

(a) after the participating employee attains age 59 1/2;

(b) upon separation from service;

(d) in the case of hardship (and in the case of hardship, any income
attributable to such contributions may not be distributed).

Generally, the above restrictions do not apply to distributions attributable
to cash values or other amounts held under a Section 403(b) contract as of
December 31, 1988.

3. DEFERRED COMPENSATION PLANS UNDER SECTION 457

Employees and independent contractors performing services for eligible
employers may have contributions made to an Eligible Deferred Compensation
Plan of their employer in accordance with the employer's plan and Section 457
of the Code. Section 457 places limitations on contributions to Eligible
Deferred Compensation Plans maintained by a State or other tax-exempt
organization. For these purposes, the term "State" means a State, a political
sub-division of a State, and an agency or instrumentality of a State or
political sub-division of a State. Generally, the limitation is 33 1/3% of
includable compensation (typically 25% of gross compensation) or , for 1998,
$8,000 (indexed), whichever is less. Such a plan may also provide for
additional "catch-up" deferrals during the three taxable years ending before a
Participant attains normal retirement age.

An employee electing to participate in an Eligible Deferred Compensation
Plan should understand that his or her rights and benefits are governed
strictly by the terms of the plan and that the employer is the legal owner of
any contract issued with respect to the plan. The employer, as owner of the
contract(s), retains all voting and redemption rights which may accrue to the
contract(s) issued with respect to the plan. The participating employee should
look to the terms of his or her plan for any charges in regard to
participating therein other than those disclosed in this Prospectus.
Participants should also be aware that effective August 20, 1996, the Small
Business Job Protection Act of 1996 requires that all assets and income of an
Eligible Deferred Compensation Plan established by a governmental employer
which is a State, a political subdivision of a State, or any agency or
instrumentality of a State or political subdivision of a State, must be held
in trust (or under certain specified annuity contracts or custodial accounts)
for the exclusive benefit of participants and their beneficiaries. Special
transition rules apply to such Eligible governmental Deferred Compensation
Plans already in existence on August 20, 1996, and provide that such plans
need not establish a trust before January 1, 1999. However, this requirement
of a trust does not apply to amounts under an Eligible Deferred Compensation
Plan of a tax-exempt (non-governmental) organization, and such amounts will be
subject to the claims of such tax-exempt employer's general creditors.

In general, distributions from an Eligible Deferred Compensation Plan are
prohibited under Section 457 of the Code unless made after the participating
employee attains age 70 1/2, separates from service, dies, or suffers an
unforeseeable financial emergency. Present federal tax law does not allow
tax-free transfers or rollovers for amounts accumulated in a Section 457 plan
except for transfers to other Section 457 plans in limited cases.

4. INDIVIDUAL RETIREMENT ANNUITIES UNDER SECTION 408

Section 408 of the Code permits eligible individuals to establish individual
retirement programs through the purchase of Individual Retirement Annuities
("IRAs"). IRAs are subject to limitations on the amount that

31
<PAGE>

may be contributed, the contributions that may be deducted from taxable
income, the persons who may be eligible and the time when distributions may
commence. Also, distributions from certain qualified plans may be
"rolled-over" on a tax-deferred basis into an IRA.

Certain Contracts may be offered as Roth IRAs under Section 408A of the
Code. Contributions to a Roth IRA are not deductible. Subject to special
limitations, a regular IRA may be converted into a Roth IRA or a distribution
from a regular IRA may be rolled over to a Roth IRA. However, a conversion or
a rollover from a regular IRA to a Roth IRA is not excludable from gross
income. If certain conditions are met, qualified distributions from a Roth IRA
are tax- free.

5. TAX PENALTIES

Distributions from retirement plans are generally taxed under Section 72 of
the Code. Under these rules, a portion of each distribution may be excludable
from income. The excludable amount is the portion of the distribution which
bears the same ratio as the after-tax contributions bear to the expected
return.

A. PREMATURE DISTRIBUTION.

Distributions from a tax-qualified plan before the Participant attains age
59 1/2 are generally subject to an additional penalty tax equal to 10% of
the taxable portion of the distribution. The 10% penalty does not apply to
distributions made after the employee's death, on account of disability, for
eligible medical expenses and distributions in the form of a life annuity
and, except in the case of an IRA, certain distributions after separation
from service after age 55. For these purposes, a life annuity means a
scheduled series of substantially equal periodic payments for the life or
life expectancy of the Participant (or the joint lives or life expectancies
of the Participant and Beneficiary).

In addition, effective for distributions made from an IRA after December
31, 1997, there is no such penalty tax on distributions that do not exceed
the amount of certain qualifying higher education expenses, as defined by
Section 72(t)(7) of the Code, or which are qualified first-time homebuyer
distributions meeting the requirements of Section 72(t)(8) of the Code.

B. MINIMUM DISTRIBUTION TAX.

If the amount distributed is less than the minimum required distribution
for the year, the Participant is subject to a 50% tax on the amount that was
not properly distributed.

An individual's interest in a tax-qualified retirement plan generally must
be distributed, or begin to be distributed, not later than April 1 of the
calendar year following the later of (i) the calendar year in which the
individual attains age 70 1/2 or (ii) the calendar year in which the
individual retires from service with the employer sponsoring the plan
("required beginning date"). However, the required beginning date for an
individual who is a five (5) percent owner (as defined in the Code), or who
is the owner of an IRA, is April 1 of the calendar year following the
calendar year in which the individual attains age 70 1/2. The entire
interest of the Participant must be distributed beginning no later than the
required beginning date over a period which may not extend beyond a maximum
of the life expectancy of the Participant and a designated Beneficiary. Each
annual distribution must equal or exceed a "minimum distribution amount"
which is determined by dividing the account balance by the applicable life
expectancy. This account balance is generally based upon the account value
as of the close of business on the last day of the previous calendar year.
In addition, minimum distribution incidental benefit rules may require a
larger annual distribution.

If an individual dies before reaching his or her required beginning date,
the individual's entire interest must generally be distributed within five
years of the individual's death. However, this rule will be deemed
satisfied, if distributions begin before the close of the calendar year
following the individual's death to a designated Beneficiary (or over a
period not extending beyond the life expectancy of the beneficiary). If the
Beneficiary is the individual's surviving spouse, distributions may be
delayed until the individual would have attained age 70 1/2.

If an individual dies after reaching his or her required beginning date or
after distributions have commenced, the individual's interest must generally
be distributed at least as rapidly as under the method of distribution in
effect at the time of the individual's death.

C. WITHHOLDING.

In general, distributions from IRAs and plans described in Section 457 of
the Code are subject to regular wage withholding rules. Periodic
distributions from other tax-qualified retirement plans that are made for a
specified period of 10 or more years or for the life or life expectancy of
the participant (or the joint lives or life expectancies of the participant
and beneficiary) are generally subject to federal income

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<PAGE>

tax withholding as if the recipient were married claiming three exemptions.
The recipient of periodic distributions may generally elect not to have
withholding apply or to have income taxes withheld at a different rate by
providing a completed election form.

Other distributions from such other tax-qualified retirement plans are
generally subject to mandatory income tax withholding at the flat rate of
20% unless such distributions are:

1) the non-taxable portion of the distribution;

2) required minimum distributions; or

3) direct transfer distributions.

Direct transfer distributions are direct payments to an IRA or to another
eligible retirement plan under Code section 401(a)(31).

D. DIVERSIFICATION REQUIREMENTS

Section 817 of the Code provides that a variable annuity contract will not
be treated as an annuity contract for any period during which the investments
made by the separate account or underlying fund are not adequately diversified
in accordance with regulations prescribed by the Treasury Department. If a
Contract is not treated as an annuity contract, the Contract Owner will be
subject to income tax on the annual increases in cash value.

The Treasury Department has issued diversification regulations which
generally require, among other things, that no more than 55% of the value of the
total assets of the segregated assets account underlying a variable contract is
represented by any one investment, no more than 70% is represented by any two
investment, no more than 80% is represented by any three investments, and no
more than 90% is represented by any four investments. In determining whether the
diversification standards are met, all securities of the same issuer, all
interests in the same real property project, and all interests in the same
commodity are each treated as a single investment. In addition, in the case of
government securities, each government agency or instrumentality shall be
treated as a separate issuer.

A separate account must be in compliance with the diversification standards
on the last day of each calendar quarter or within 30 days after the quarter
ends. If an insurance company inadvertently fails to meet the diversification
requirements, the company may comply within a reasonable period and avoid the
taxation of contract income on an ongoing basis. However, either the company or
the Contract Owner must agree to pay the tax due for the period during which the
diversification requirements were not met.

Hartford monitors the diversification of investments in the separate
accounts and tests for diversification as required by the Code. Hartford intends
to administer all contracts subject to the diversification requirements in a
manner that will maintain adequate diversification.

E. OWNERSHIP OF THE ASSETS IN THE SEPARATE ACCOUNT

In order for a variable annuity contract to qualify for tax deferral, assets
in the segregated asset accounts supporting the variable contract must be
considered to be owned by the insurance company and not by the variable contract
owner. The IRS has issued several rulings which discuss investor control. The
IRS has ruled that certain incidents of ownership by the contract owner, such as
the ability to select and control investments in a separate account, will cause
the contract owner to be treated as the owner of the assets for tax purposes.

Further, in the explanation to the temporary Section 817 diversification
regulations, the Treasury Department noted that the temporary regulations "do
not provide guidance concerning the circumstances in which investor control of
the investments of a segregated asset account may cause the investor, rather
than the insurance company, to be treated as the owner of the assets in the
account." The explanation further indicates that "the temporary regulations
provide that in appropriate cases a segregated asset account may include
multiple sub-accounts, but do not specify the extent to which policyholders may
direct their investments to particular sub-accounts without being treated as the
owners of the underlying assets. Guidance on this and other issues will be
provided in regulations or revenue rulings under Section 817(d), relating to the
definition of variable contract." The final regulations issued under Section 817
did not provide guidance regarding investor control, and as of the date of this
prospectus, no other such guidance has been issued. Further, Hartford does not
know if or in what form such guidance will be issued. In addition, although
regulations are generally issued with prospective effect, it is possible that
regulations may be issued with retroactive effect. Due to the lack of specific
guidance regarding the issue of investor control, there is necessarily some
uncertainty regarding

33
<PAGE>
whether a Contract Owner could be considered the owner of the assets for tax
purposes. Hartford reserves the right to modify the contracts, as necessary, to
prevent Contract Owners from being considered the owners of the assets in the
separate accounts.

F. NON-NATURAL PERSONS, CORPORATIONS

The annual increase in the value of the contract is currently includable in
the gross income of a non-natural person, unless the non-natural person is
holding as an agent for a natural person. There are additional exceptions to
this general rule of inclusion for (i) certain annuities held by a structured
settlement company, (ii) certain annuities held by an employer with respect to a
terminated pension plan and (iii) certain immediate annuities. A non-natural
person, which is a tax-exempt entity for federal tax purposes, will not be
subject to income tax as a result of this provision.

G. ANNUITY PURCHASES BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS

The discussion above provides general information regarding U.S. federal
income tax consequences to annuity purchasers that are U.S. citizens or
residents. Purchasers that are not U.S. citizens or residents will generally be
subject to U.S. federal income tax and withholding on annuity distributions at a
30% rate, unless a lower treaty rate applies. In addition, purchasers may be
subject to state premium tax, other state and/or municipal taxes, and taxes that
may be imposed by the purchaser's country of citizenship or residence.
Prospective purchasers are advised to consult with a qualified tax adviser
regarding U.S., state, and foreign taxation with respect to an annuity purchase.

MISCELLANEOUS

WHAT ARE MY VOTING RIGHTS?

Hartford shall notify the Contract Owner of any Fund shareholders' meeting
if the shares held for the Contract Owner's accounts may be voted at such
meetings. Hartford shall also send proxy materials and a form of instruction by
means of which the Contract Owner can instruct Hartford with respect to the
voting of the Fund shares held for the Contract Owner's account. In connection
with the voting of Fund shares held by it, Hartford shall arrange for the
handling and tallying of proxies received from Contract Owners. Hartford as
such, shall have no right, except as hereinafter provided, to vote any Fund
shares held by it hereunder which may be registered in its name or the names of
its nominees. Hartford will, however, vote the Fund shares held by it in
accordance with the instructions received from the Contract Owners for whose
accounts the Fund shares are held. If a Contract Owner desires to attend any
meeting at which shares held for the Contract Owner's benefit may be voted, the
Contract Owner may request Hartford to furnish a proxy or otherwise arrange for
the exercise of voting rights with respect to the Fund shares held for such
Contract Owner's account. In the event that the Contract Owner gives no
instructions or leaves the manner of voting discretionary, Hartford will vote
such shares, including any of its own shares, of the appropriate Fund in the
same proportion as shares of that Fund for which instructions have been
received.

Every Participant under a contract issued with respect to DC-II who has a
full (100%) vested interest under a group contract, shall receive proxy material
and a form of instruction by means of which Participants may instruct the
Contract Owner with respect to the number of votes attributable to his
individual participation under a group contract.

A Contract Owner or Participant, as appropriate, is entitled to one full or
fractional vote for each full or fractional Accumulation or Annuity Unit owned.
The Contract Owner has voting rights throughout the life of the contract. The
vested Participant has voting rights for as long as participation in the
contract continues. Voting rights attach only to Separate Account interests.

During the Annuity period under a contract the number of votes will decrease
as the assets held to fund Annuity benefits decrease.

WILL OTHER CONTRACTS BE PARTICIPATING IN THE SEPARATE ACCOUNTS?

In addition to the contracts described in this Prospectus, it is
contemplated that other forms of group or individual annuities may be sold
providing benefits which vary in accordance with the investment experience of
the Separate Accounts.

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<PAGE>

CAN HARTFORD WAIVE ANY RIGHTS UNDER THE CONTRACT?

Hartford may, at its sole discretion, elect not to exercise a right or
reservation specified in this Contract. Such election shall not constitute a
waiver of the right to exercise such right or reservation at any subsequent
time.

HOW ARE THE CONTRACTS SOLD?

Hartford Securities Distribution Company, Inc. ("HSD") serves as Principal
Underwriter for the securities issued with respect to the Separate Account.

HSD is a wholly-owned subsidiary of Hartford. The principal business address
of HSD is 200 Hopmeadow Street, Simsbury, CT 06089.

The securities will be sold by salespersons of HSD who represent Hartford as
insurance and Variable Annuity agents and who are registered representatives or
Broker-Dealers who have entered into distribution agreements with HSD.

HSD is registered with the Commission under the Securities Exchange Act of
1934 as a Broker-Dealer and is a member of the National Association of
Securities Dealers, Inc.

Compensation will be paid by Hartford to registered representatives for the
sale of contracts up to a maximum of 5.0% of Contributions and .25% annually on
Participants' Individual Account Values. Sales compensation may be reduced.

Broker-dealers or financial institutions are compensated according to a
schedule set forth by HSD and any applicable rules or regulations for variable
insurance compensation. Compensation is generally based on premium payments made
by policyholders or contract owners. This compensation is usually paid from the
sales charge described in this Prospectus.

In addition, a broker-dealer or financial institution may also receive
additional compensation for, among other things, training, marketing or other
services provided. HSD, its affiliates or Hartford may also make compensation
arrangements with certain broker-dealers or financial institutions based on
total sales by the broker-dealer or financial institution of insurance products.
These payments, which may be different for different broker-dealers or financial
institutions, will be made by HSD, its affiliates or Hartford out of their own
assets and will not effect the amounts paid by the policyholders or contract
owners to purchase, hold or surrender variable insurance products.

WHO IS THE CUSTODIAN OF THE SEPARATE ACCOUNTS' ASSETS?

Hartford is the custodian of the Separate Accounts' assets.

ARE THERE ANY MATERIAL LEGAL PROCEEDINGS AFFECTING THE SEPARATE ACCOUNTS?

There are no material legal proceedings pending to which the Separate
Account is a party. Counsel with respect to federal laws and regulations
applicable to the issue and sale of the contracts and with respect to
Connecticut law is Lynda Godkin, General Counsel, Hartford Life Insurance
Company, P.O. Box 2999, Hartford, CT 06104-2999.

ARE YOU RELYING ON ANY EXPERTS AS TO ANY PORTION OF THIS PROSPECTUS?

The audited financial statements and financial statement schedules included
in this prospectus and elsewhere in the registration statement have been audited
by Arthur Andersen LLP, independent public accountants, as indicated in their
reports with respect thereto, and are included herein in reliance upon the
authority of said firm as experts in giving said reports. The principal business
address of Arthur Andersen LLP is One Financial Plaza, Hartford, Connecticut
06103.

HOW MAY I GET ADDITIONAL INFORMATION?

Inquiries will be answered by calling 1-800-528-9009 or your sales
representative or by writing to:

Hartford Life Insurance Company
Attn: AMS Service Center Administration
P. O. Box 2999
Hartford, CT 06104-2999

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<PAGE>
APPENDIX
ACCUMULATION PERIOD UNDER PRIOR
GROUP CONTRACTS

Such contracts are no longer being issued. Contract Owners may continue to
make Contributions to the contracts subject to the following charges.

A. DEDUCTIONS UNDER THE PRIOR GROUP CONTRACTS FOR SALES EXPENSES, THE MINIMUM
DEATH BENEFIT GUARANTEE AND ANY APPLICABLE PREMIUM TAXES.

Contributions made to a Participant's Individual Account pursuant to the
terms of the prior contracts are subject to the following deductions:

<TABLE>
<CAPTION>
AGGREGATE CONTRIBUTION
AMOUNTS TO THE MINIMUM TOTAL AS %
SUB ACCOUNTS' INVESTED TOTAL SALES DEATH OF NET
DEDUCTIONS DEDUCTION EXPENSES BENEFIT AMOUNT
- ----------------------------------------------------------------------- ------------- ------------- ----------- -------------
<S> <C> <C> <C> <C>
PORTION REPRESENTING
--------------------------
On the first $2,500.................................................... 7.00% 6.25% .75% 7.53%
On the next $47,500.................................................... 3.50% 2.75% .75% 3.63%
On the next $50,000.................................................... 2.00% 1.25% .75% 2.04%
On the excess over $100,000............................................ 1.00% .25% .75% 1.01%
</TABLE>

* This illustration does not assume the payment of any Premium Taxes.

Under the schedule of deductions shown above, all amounts contributed on
behalf of a Participants Individual Account to the Bond Fund and Stock Fund
Sub-Accounts are aggregated to determine if a particular level of deductions has
been reached. Thus, if a Contribution has been made on behalf of a Participant's
Account in the amount of $100 and total Contributions of $2,450 have already
been made on his or her behalf, the first $50 of the payment will be subject to
a deduction of 7.00% and the remainder to a percentage of 3.50%.

Notwithstanding the above, on variable only contracts and on combination
fixed and/or variable contracts where the annualized stipulated purchase
payments or Contributions with respect to all Participants shall equal or
approximate $250,000 at the end of the second anniversary of the contract, the
sales and minimum death benefits deduction on the aggregate Contributions up to
and including $2,500 with respect to each Participant shall be at the rate of 5%
rather than 7%.

Hartford reserves the right to limit any increase in the Contributions made
to a Participant's Individual Account to not more than three times the total
Contributions made on behalf of such Participant during the initial 12
consecutive months of the Account's existence under the contract of the present
guaranteed deduction rates. Increases in excess of those described will be
accepted only with the consent of Hartford and subject to the then current
deductions being made for sales charges, the Minimum Death Benefit guarantee and
mortality and expense undertaking.

Each contract provides for experience rating of the deduction for sales
expenses and/or the Annual Maintenance Fee. In order to experience rate a
contract, actual sales costs applicable to a particular contract are determined.
If the costs exceed the amounts deducted for such expenses, no additional
deduction will be made. If, however, the amounts deducted for such expenses
exceed actual costs, Hartford, in its discretion, may allocate all, a portion,
or none of such excess as an experience rating credit. If such an allocation is
made, the experience credit will be made as considered appropriate: (1) by a
reduction in the amount deducted from subsequent contributions for sales
expenses; (2) by the crediting of a number of additional Accumulation Units or
by Annuity Units, as applicable, without deduction of any sales or other
expenses therefrom; (3) or by waiver of the Annual Maintenance Fees or by a
combination of the above. To date experience rating credits have been provided
on certain cases.

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<PAGE>

B. DEDUCTIONS FOR MORTALITY AND EXPENSE ADMINISTRATIVE UNDERTAKINGS, ANNUAL
CONTRACT FEE AND PREMIUM TAXES

1. MORTALITY AND EXPENSE UNDERTAKINGS

Although variable annuity payments made under the contracts will vary in
accordance with the investment performance of the Fund shares, the payments
will not be affected by (a) Hartford's actual expenses, if greater than the
deductions provided for in the contracts, or (b) Hartford's actual mortality
experience among Annuitants after retirement because of the expense and
mortality undertakings by Hartford.

In providing an expense undertaking, Hartford assumes the risk that the
deductions for sales expenses, the Annual Maintenance Fee and the Minimum
Death Benefit during the Accumulation Period may be insufficient to cover the
actual costs of providing such items.

The mortality undertaking provided by Hartford under the contracts, assuming
the selection of one of the forms of life annuities, is to make monthly
annuity payments (determined in accordance with the annuity tables and other
provisions contained in the contract) to Contract Owners or Annuitant's
Accounts regardless of how long an Annuitant may live and regardless of how
long all Annuitants as a group may live. This undertaking assures a Contract
Owner that neither the longevity of an Annuitant nor an improvement in life
expectancy will have any adverse effect on the monthly annuity payments the
Employees will receive under the contract. It thus relieves the Contract Owner
from the risk that Participants in the Plan will outlive the funds
accumulated.

The mortality undertaking is based on Hartford's actuarial determination of
expected mortality rates among all Annuitants. If actual experience among
Annuitants deviates from Hartford's actuarial
determination of expected mortality rates among Annuitants because, as a
group, their longevity is longer than anticipated, Hartford must provide
amounts from its general funds to fulfill its contract obligations. In
that event, a loss will fall on Hartford. Conversely, if longevity among
Annuitants is lower than anticipated, a gain will result to Hartford.

For assuming these risks Hartford makes a minimum daily charge against the
value of the average daily assets held under DC-I and DC-II, as appropriate,
of 1.25% with respect to the Bond Fund, Stock Fund and Money Market Fund
Sub-Accounts where available, on an annual basis. This rate may be
periodically increased by Hartford subject to a maximum annual rate of 2.00%.
However, no increase will occur unless the Securities and Exchange Commission
first approves this increase.

2. ANNUAL MAINTENANCE FEE

There will be an Annual Maintenance Fee deduction in the amount of $10.00
from the value of each such Participant's Individual Account under the
contracts, except as set forth below.

This fee will be deducted from the value of each such account on the last
business day of each Participant's Contract year; provided, however, that if
the value of a Participant's Individual Account is redeemed in full at any
time before the last business day of each Participant's Contract year, then
the Annual Maintenance Fee charge will be deducted from the proceeds of such
redemption. No contract fee deduction will be made during the Annuity Payment
period under the contracts.

In the event that the Contributions made on behalf of a Participant are
allocated partially to the fixed annuity portion of the Participant's
Individual Account and partially to the variable annuity portion of the
Participant's Individual Account, then the Annual Maintenance Fee will be
deducted first from the value of the fixed annuity portion of the
Participant's Individual Account. If the value of the fixed annuity portion of
the Participant's Individual Account is insufficient to pay the fee, then any
deficit will be deducted from the value of the variable annuity portion of the
Participant's Individual Account in the following manner: if there are no
accumulation units in the General Account or if their value is less than
$10.00, the General Account portion of an account will be made against values
held in the Stock Fund Sub-Account of DC-I. If the Stock Fund Sub-Account
values are insufficient to cover the fee, the fee shall be deducted from the
account values held in the Bond Fund Sub-Account of DC-I. The fee is not
applicable to the Money Market Fund Sub-Account where available. In the even
that the Contributions made on behalf of a Participant are allocated partially
to the General Account and partially to the Separate Account, the Annual
Maintenance Fee will be charged against the Separate Account and General
Account on a pro rata basis.

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<PAGE>
3. PREMIUM TAXES

A deduction is also made for Premium Taxes, if applicable. On any contract
subject to Premium Taxes, the tax will be deducted from Contributions when
received, from the proceeds at surrender, or from the amount applied to effect
an annuity at the time annuity payments commence.

38
<PAGE>
TABLE OF CONTENTS
FOR
STATEMENT OF ADDITIONAL INFORMATION

<TABLE>
<CAPTION>
SECTION PAGE
- ------------------------------------------------------------ ----
<S> <C>
DESCRIPTION OF HARTFORD LIFE INSURANCE COMPANY..............
SAFEKEEPING OF ASSETS.......................................
INDEPENDENT PUBLIC ACCOUNTANTS..............................
DISTRIBUTION OF CONTRACTS...................................
CALCULATION OF YIELD AND RETURN.............................
PERFORMANCE COMPARISONS.....................................
FINANCIAL STATEMENTS........................................
</TABLE>

39
<PAGE>

This form must be completed for all tax-sheltered annuities.

SECTION 403(B)(11) ACKNOWLEDGMENT FORM

The Hartford Variable Annuity Contract which you have recently purchased is
subject to certain restrictions imposed by the Tax Reform Act of 1986.
Contributions to the Contract after December 31, 1988 and any increases in cash
value after December 31, 1988 may not be distributed to you unless you have:

a. attained age 59 1/2

b. separated from service

c. died, or

d. become disabled.

Distributions of post December 31, 1988 Contributions (excluding any income
thereon) may also be made if you have experienced a financial hardship. Also
there may be a 10% penalty tax for distributions made prior to age 59 1/2
because of financial hardship or separation from service. Also, please be aware
that your 403(b) plan may also offer other financial alternatives other than the
Hartford variable annuity. Please refer to your Plan.

Please complete the following and return to:

Hartford Life Insurance Company
Attn: AMS Service Center Administration
P.O. Box 2999
Hartford, CT 06104-2999

Name of Contractholder/Participant _____________________________________________
Address ________________________________________________________________________
City or Plan/School District ___________________________________________________
Date ___________________________________________________________________________

<PAGE>

To obtain a Statement of Additional
Information, complete the form below and mail to:

Hartford Life Insurance Company
Attn: AMS Service Center Administration
P.O. Box 2999
Hartford, CT 06104-2999

Please send a Statement of Additional
Information for DC Variable Account-I Separate
Account Two (DC Variable Account II) (Form
HV-1009-27) to me at the following address:

_________________________________________
Name

_________________________________________
Address

_________________________________________
City/State Zip Code