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HARTFORD LIFE INSURANCE COMPANY
SEPARATE ACCOUNT TWO
TAX SHELTERED ANNUITY/INDIVIDUAL RETIREMENT ANNUITY
POST-SUBSTITUTION SUPPLEMENT
DATED DECEMBER 21, 1999
TO
THE PROSPECTUS DATED MAY 3, 1999
On December 20, 1999, Hartford Life Insurance Company ("Hartford") made
the following substitution of shares held by Sub-Accounts of Separate Account
Two ("DC-II"): shares of Hartford Advisers HLS Fund, Inc. for shares of American
Century Variable Portfolios, Inc. American Century VP Advantage Fund. The
foregoing substitution was carried out pursuant to an order of the Securities
and Exchange Commission issued on December 7, 1999 and, where required, with the
approval of the appropriate state insurance regulatory authorities. The effect
of the share substitution was to replace shares of American Century Variable
Portfolios, Inc. American Century VP Advantage Fund with those of Hartford
Advisers HLS Fund, Inc. and to eliminate the American Century VP Advantage
Sub-Account under the Contracts as described in your Prospectus. All references
to American Century VP Advantage Fund are hereby deleted from your Prospectus.
You should carefully read the prospectus for Hartford Advisers HLS
Fund, Inc., including information pertaining to the investment objective,
policies and risks of the Fund.
Each Contract Owner and Participant affected by the substitution has
been sent a written notice informing them that the substitution was carried out
and that they each may make one transfer of all amounts under a Contract
invested in the affected Sub-Account on the date of the notice to another
Sub-Account. Because we have waived the transfer fee under the Contracts, that
transfer will not be subject to a transfer fee and will not be counted as one of
the twelve "free" transfers permitted under a Contract. If a Contract Owner or
Participant exercises his or her right to execute this transfer, it will not be
considered to be a transfer between competing Sub-Accounts. However, a transfer
to the General Account option of any assets, which were previously held in the
General Account option at any time during the preceding three (3) months, will
not be permitted. Also, other than as stated in this supplement, Hartford will
not exercise any rights reserved under the Contract to impose additional
restrictions on transfers until at least thirty (30) days after the date of this
supplement.
This supplement should be retained with the Prospectus for future
reference.
33-59541
