<PAGE>
THE DIRECTOR VARIABLE ANNUITY
SEPARATE ACCOUNT TWO
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED OCTOBER 2, 2000 TO THE PROSPECTUS DATED MAY 1,
2000
FOR THE DIRECTOR SERIES II-V VARIABLE ANNUITY
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
In the section entitled "Definitions," the definition of "Commuted Value" is
deleted and replaced with the following:
COMMUTED VALUE: The present value of any remaining guaranteed Annuity Payouts.
This amount is calculated using the Assumed Investment Return for variable
dollar amount Annuity Payouts or the underlying rate of return for fixed dollar
amount Annuity Payouts.
In the "Highlights" section under the sub-section "Can I take out any of my
money?", the first paragraph is deleted and replaced with the following
language:
You may Surrender all or part of the amounts you have invested at any time
before we start making Annuity Payouts. Once Annuity Payouts begin, you may take
full or partial Surrenders under the Payments for a Designated Period. If you
have purchased Series IV or Series V, you may also take full or partial
surrenders under the Life Annuity with 120, 180 or 240 Monthly Payments Certain
Annuity Payout Option, but only if you selected the variable dollar amount
Annuity Payouts.
--------------------------------------------------------------------------------
- You may have to pay income tax on the money you take out and, if you
Surrender before you are age 59 1/2, you may have to pay an income tax
penalty.
- You may have to pay a Contingent Deferred Sales Charge on the money you
Surrender.
--------------------------------------------------------------------------------
In the "Highlights" section, in the first paragraph of the sub-section entitled
"Will Hartford pay a Death Benefit?", the first sentence is deleted and replaced
with the following:
There is a Death Benefit if the Contract Owner, joint owner or Annuitant
die before we begin to make Annuity Payouts.
In the "Highlights" section, under the subsection "What Annuity Payout Options
are available?" the second paragraph is deleted and replaced with the following:
You must begin to take payments before the Annuitant's 90th birthday or the
end of the 10th Contract Year, whichever comes later, unless you elect a
later date to begin receiving payments subject to the laws and regulations
then in effect and our approval. If you do not tell us what Annuity Payout
Option you want before that time, we will pay you under the variable Life
Annuity with 120, 180 or 240 Monthly Payments Certain Annuity Payout Option
with period certain payouts for 120 months. If your Contract is issued in
New York, you cannot defer beyond the Annuitant's 90th birthday. Please
consult your Registered Representative or call us.
In the "General Contract Information" section, immediately under the table
entitled "Hartford's Ratings" the following paragraph is added:
These ratings apply to Hartford's ability to meet its obligations under the
Contract. The ratings do not apply to the Separate Account or the underlying
Funds.
In the "Surrenders" section, under the sub-section entitled "What kinds of
surrenders are available?", the paragraph entitled "Partial Surrenders after the
Annuity Commencement Date" is deleted and replaced with the following language:
PARTIAL SURRENDERS AFTER THE ANNUITY COMMENCEMENT DATE -- Partial Surrenders are
permitted after the Annuity Commencement Date if you select the Payments for a
Designated Period Annuity Payout Option. If you purchased Series IV or V,
partial Surrenders are also permitted after the Annuity Commencement Date if you
select the Life Annuity with 120, 180, or 240 Monthly Payments Certain Annuity
Payout Option. You may take partial Surrenders of amounts equal to the Commuted
Value of the payments that we would have made during the "Period Certain" or the
number of years you select under the Annuity Payout Option that we guarantee to
make Annuity Payouts.
To qualify for partial Surrenders under these Annuity Payout Options you must
elect a variable dollar amount Annuity Payout and you must make the Surrender
request during the Period Certain.
Hartford will deduct any applicable Contingent Deferred Sales Charges.
If you elect to take the entire Commuted Value of the Annuity Payouts we would
have made during the Period Certain, Hartford will not make any Annuity Payouts
during the remaining Period Certain. If you elect to take only some of the
Commuted Value of the Annuity Payouts we would have made during the Period
Certain, Hartford will reduce the remaining Annuity Payouts during the remaining
Period Certain. Annuity Payouts that are to be made after the Period Certain is
over will not change.
PLEASE CHECK WITH YOUR TAX ADVISER BECAUSE THERE COULD BE ADVERSE TAX
CONSEQUENCES FOR PARTIAL SURRENDERS AFTER THE ANNUITY COMMENCEMENT DATE.
<PAGE>
2 HARTFORD LIFE INSURANCE COMPANY
--------------------------------------------------------------------------------
In the "Death Benefit" section, in the first paragraph of the sub-section
entitled "What is the Death Benefit and how is it calculated?", the first
sentence is deleted and replaced with the following:
The Death Benefit is the amount we will pay upon the death of the Contract
Owner, joint Owner or Annuitant.
In the "Death Benefit" section, the sub-section entitled "Who will receive the
Death Benefit?" is deleted and replaced with the following language:
The distribution of the Death Benefit is based on whether death is before, on or
after the Annuity Commencement Date.
IF DEATH OCCURS BEFORE THE ANNUITY COMMENCEMENT DATE:
<TABLE>
<CAPTION>
IF THE DECEASED IS THE . . . AND . . . AND . . . THEN THE . . .
<S> <C> <C> <C>
Contract Owner There is a surviving joint The Annuitant is living or Joint Contract Owner
Contract Owner deceased receives the Death
Benefit.
Contract Owner There is no surviving The Annuitant is living or Designated Beneficiary
joint Contract Owner deceased receives the Death
Benefit.
Contract Owner There is no surviving The Annuitant is living or Contract Owner's estate
joint Contract Owner and deceased receives the Death
the Beneficiary Benefit.
predeceases the Contract
Owner
Annuitant The Contract Owner is There is no named Death Benefit is paid to
living Contingent Annuitant the Contract Owner and not
the designated
Beneficiary.
Annuitant The Contract Owner is The Contingent Annuitant Contingent Annuitant
living is living becomes the Annuitant, and
the Contract continues.
</TABLE>
IF DEATH OCCURS ON OR AFTER THE ANNUITY COMMENCEMENT DATE:
<TABLE>
<CAPTION>
IF THE DECEASED IS THE . . . AND . . . THEN THE . . .
<S> <C> <C>
Contract Owner The Annuitant is living Designated Beneficiary becomes the
Contract Owner
Annuitant The Contract Owner is living Contract Owner receives the Death
Benefit.
Annuitant The Annuitant is also the Contract Owner Designated Beneficiary receives the
Death Benefit.
</TABLE>
THESE ARE THE MOST COMMON DEATH BENEFIT SCENARIOS, HOWEVER, THERE ARE OTHERS.
SOME OF THE ANNUITY PAYOUT OPTIONS MAY NOT RESULT IN A DEATH BENEFIT PAYOUT. IF
YOU HAVE QUESTIONS ABOUT THESE AND ANY OTHER SCENARIOS, PLEASE CONTACT YOUR
REGISTERED REPRESENTATIVE OR US.
In the "Annuity Payouts" section, under the sub-section entitled, "1. When do
you want Annuity Payouts to begin?", the last sentence of the first paragraph is
deleted and replaced with the following language:
The Annuity Commencement Date cannot be deferred beyond the Annuitant's 90th
birthday or the end of the 10th Contract Year, whichever is later unless you
elect a later date to begin receiving payments subject to the laws and
regulations then in effect and our approval. If your Contract is issued in New
York, you cannot defer beyond the Annuitant's 90th birthday. If this Contract is
issued to the trustee of a Charitable Remainder Trust, the Annuity Commencement
Date may be deferred to the Annuitant's 100th birthday.
In the "Annuity Payouts" section, under the subsection "2. Which Annuity Payout
Option do you want to use?" under the subsection "Important Information", that
last two bulleted paragraphs are deleted and replaced with the following:
- For Non-Qualified Contracts, if you do not elect an Annuity Payout Option,
variable Annuity Payouts will automatically begin on the Annuity Commencement
Date under the Life Annuity with 120, 180 or 240 Montly Payments Certain
Annuity Payout Option with period certain payouts for 120 months.
- For Qualified Contracts and Contracts issued in Texas, if you do not elect an
Annuity Payout Option, variable Annuity Payouts will begin automatically on
the Annuity Commencement Date, under the Life Annuity Payout Option.
<PAGE>
HARTFORD LIFE INSURANCE COMPANY 3
--------------------------------------------------------------------------------
In the "Other Programs Available" section, in the paragraph entitled "Automatic
Income" the first sentence is deleted and replaced with the following:
The Automatic Income Program allows you to Surrender up to 10% of your total
Premium Payments each Contract Year without a Contingent Deferred Sales
Charge.
The "Accumulation Unit Values" table is deleted and replaced with the following:
The following audited information from the financial statements of the Separate
Account has been audited by Arthur Andersen LLP, independent public accountants,
as indicated in their report with respect 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.
The unaudited information, which reflects the deduction for the Optional Death
Benefit, has been derived from the audited financial statements of the Separate
Account. No information is shown for Hartford Global Health HLS Fund Sub-Account
and Hartford Global Technology HLS Fund Sub-Account because, as of December 31,
1999, the Sub-Accounts had not yet commenced operations.
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------
WITH THE
WITHOUT THE OPTIONAL
OPTIONAL DEATH
DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
HARTFORD BOND HLS FUND SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 2.258 $ 2.233 $ 2.114 $ 1.992 $ 1.880 $ 1.607 $ 1.694 $ 1.556
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.185 $ 2.182 $ 2.258 $ 2.114 $ 1.922 $ 1.880 $ 1.607 $ 1.694
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 167,707 756 162,501 111,586 96,857 99,377 85,397 79,080
-------------------------------------------------------------------------------------------------------------------------
HARTFORD STOCK HLS FUND SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 6.066 $ 6.715 $ 4.602 $ 3.547 $ 2.887 $ 2.180 $ 2.250 $ 1.993
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 7.176 $ 7.169 $ 6.066 $ 4.602 $ 3.547 $ 2.887 $ 2.180 $ 2.250
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 432,424 2,105 403,629 372.754 333,176 285,640 248,563 203,873
-------------------------------------------------------------------------------------------------------------------------
HARTFORD MONEY MARKET HLS FUND SUB-
ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.716 $ 1.735 $ 1.650 $ 1.587 $ 1.528 $ 1.462 $ 1.424 $ 1.401
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.777 $ 1.776 $ 1.716 $ 1.650 $ 1.587 $ 1.528 $ 1.462 $ 1.424
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 213,832 1,061 183,614 140,797 151,978 102,635 138,396 102,328
-------------------------------------------------------------------------------------------------------------------------
HARTFORD ADVISERS HLS FUND
SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 4.398 $ 4.663 $ 3.572 $ 2.905 $ 2.523 $ 1.991 $ 2.072 $ 1.870
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 4.803 $ 4.798 $ 4.398 $ 3.572 $ 2.905 $ 2.523 $ 1.991 $ 2.072
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 1,156,230 4,952 1,095,048 1,012,472 953,998 888,803 858,014 688,865
-------------------------------------------------------------------------------------------------------------------------
HARTFORD CAPITAL APPRECIATION HLS
FUND
SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 5.526 $ 6.255 $ 4.845 $ 4.010 $ 3.364 $ 2.615 $ 2.583 $ 2.165
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 7.501 $ 7.494 $ 5.526 $ 4.845 $ 4.010 $ 3.364 $ 2.615 $ 2.583
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 347,433 1,112 352,482 351,189 330,580 292,671 220,936 160,934
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1992 1991 1990
<S> <C> <C> <C>
----------------------------------------------------------------------
HARTFORD BOND HLS FUND SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.493 $ 1.298 $ 1.212
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.556 $ 1.493 $ 1.298
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 41,204 25,267 14,753
----------------------------------------------------------------------
HARTFORD STOCK HLS FUND SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.834 $ 1.490 $ 1.569
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.993 $ 1.834 $ 1.490
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 121,100 72,780 31,149
----------------------------------------------------------------------
HARTFORD MONEY MARKET HLS FUND SUB-
ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.369 $ 1.307 $ 1.225
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.401 $ 1.369 $ 1.307
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 78,664 60,774 67,059
----------------------------------------------------------------------
HARTFORD ADVISERS HLS FUND
SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.748 $ 1.470 $ 1.470
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.870 $ 1.748 $ 1.470
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 295,387 166,408 101,758
----------------------------------------------------------------------
HARTFORD CAPITAL APPRECIATION HLS
FUND
SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.874 $ 1.231 $ 1.400
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.165 $ 1.874 $ 1.231
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 75,653 39,031 10,501
----------------------------------------------------------------------
</TABLE>
<PAGE>
4 HARTFORD LIFE INSURANCE COMPANY
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------
WITH THE
WITHOUT THE OPTIONAL
OPTIONAL DEATH
DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
HARTFORD MORTGAGE SECURITIES HLS
FUND
SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 2.211 $ 2.231 $ 2.098 $ 1.949 $ 1.878 $ 1.637 $ 1.685 $ 1.604
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.217 $ 2.214 $ 2.211 $ 2.098 $ 1.949 $ 1.878 $ 1.637 $ 1.685
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 69,555 120 78,026 81,143 89,098 101,881 112,417 138,666
-------------------------------------------------------------------------------------------------------------------------
HARTFORD INDEX HLS FUND SUB-ACCOUNT
(Inception date May 1, 1987)
Accumulation Unit Value at
beginning of period $ 4.712 $ 5.181 $ 3.726 $ 2.845 $ 2.359 $ 1.750 $ 1.755 $ 1.629
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 5,608 $ 5.602 $ 4.712 $ 3.726 $ 2.845 $ 2.359 $ 1.750 $ 1.755
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 152,272 1,107 131,579 109,837 87,611 65,954 50,799 46,504
-------------------------------------------------------------------------------------------------------------------------
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS FUND SUB-ACCOUNT
(Inception date July 2, 1990)
Accumulation Unit Value at
beginning of period $ 1.641 $ 1.806 $ 1.469 $ 1.482 $ 1.329 $ 1.181 $ 1.220 $ 0.924
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.267 $ 2.265 $ 1.641 $ 1.469 $ 1.482 $ 1.329 $ 1.181 $ 1.220
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 218,272 449 240,090 264,642 266,962 238,086 246,259 132,795
-------------------------------------------------------------------------------------------------------------------------
HARTFORD DIVIDEND & GROWTH HLS FUND
SUB-ACCOUNT
(Inception date March 8, 1994)
Accumulation Unit Value at
beginning of period $ 2.471 $ 2.655 $ 2.149 $ 1.650 $ 1.359 $ 1.009 $ 1.000 --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.570 $ 2.567 $ 2.471 $ 2.149 $ 1.650 $ 1.359 $ 1.009 --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 381,269 1,030 391,151 308,682 190,958 83,506 29,146 --
-------------------------------------------------------------------------------------------------------------------------
HARTFORD INTERNATIONAL ADVISERS HLS
FUND
SUB-ACCOUNT
(Inception date March 1, 1995)
Accumulation Unit Value at
beginning of period $ 1.476 $ 1.576 $ 1.319 $ 1.266 $ 1.146 $ 1.000 -- --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.796 $ 1.794 $ 1.476 $ 1.319 $ 1.266 $ 1.146 -- --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 57,797 391 50,971 43,217 23,174 6,577 -- --
-------------------------------------------------------------------------------------------------------------------------
HARTFORD SMALL COMPANY HLS FUND
SUB-ACCOUNT
(Inception date August 9, 1996)
Accumulation Unit Value at
beginning of period $ 1.374 $ 1.510 $ 1.247 $ 1.066 $ 1.000 -- -- --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.251 $ 2.248 $ 1.374 $ 1.247 $ 1.066 -- -- --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 107,808 726 85,431 56,706 12,563 -- -- --
-------------------------------------------------------------------------------------------------------------------------
HARTFORD MIDCAP HLS FUND
SUB-ACCOUNT
(Inception date July 15, 1997)
Accumulation Unit Value at
beginning of period $ 1.371 $ 1.588 $ 1.097 $ 1.000 -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 2.056 $ 2.054 $ 1.371 $ 1.097 -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 118,306 1,455 33,348 8,306 -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1992 1991 1990
<S> <C> <C> <C>
----------------------------------------------------------------------
HARTFORD MORTGAGE SECURITIES HLS
FUND
SUB-ACCOUNT
(Inception date August 1, 1986)
Accumulation Unit Value at
beginning of period $ 1.552 $ 1.370 $ 1.264
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.604 $ 1.552 $ 1.370
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 98,494 46,464 18,632
----------------------------------------------------------------------
HARTFORD INDEX HLS FUND SUB-ACCOUNT
(Inception date May 1, 1987)
Accumulation Unit Value at
beginning of period $ 1.544 $ 1.207 $ 1.274
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.629 $ 1.544 $ 1.207
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 29,723 15,975 10,015
----------------------------------------------------------------------
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS FUND SUB-ACCOUNT
(Inception date July 2, 1990)
Accumulation Unit Value at
beginning of period $ 0.979 $ 0.877 $ 1.000
----------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 0.924 $ 0.979 $ 0.877
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 32,597 13,109 2,892
----------------------------------------------------------------------
HARTFORD DIVIDEND & GROWTH HLS FUND
SUB-ACCOUNT
(Inception date March 8, 1994)
Accumulation Unit Value at
beginning of period -- -- --
----------------------------------------------------------------------
Accumulation Unit Value at end of
period -- -- --
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) -- -- --
----------------------------------------------------------------------
HARTFORD INTERNATIONAL ADVISERS HLS
FUND
SUB-ACCOUNT
(Inception date March 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) -- -- --
----------------------------------------------------------------------
HARTFORD SMALL COMPANY HLS FUND
SUB-ACCOUNT
(Inception date August 9, 1996)
Accumulation Unit Value at
beginning of period -- -- --
----------------------------------------------------------------------
Accumulation Unit Value at end of
period -- -- --
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) -- -- --
----------------------------------------------------------------------
HARTFORD MIDCAP HLS FUND
SUB-ACCOUNT
(Inception date July 15, 1997)
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>
<PAGE>
HARTFORD LIFE INSURANCE COMPANY 5
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------
WITH THE
WITHOUT THE OPTIONAL
OPTIONAL DEATH
DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
HARTFORD GROWTH AND INCOME HLS FUND
SUB-ACCOUNT
(Inception date June 1, 1998)
Accumulation Unit Value at
beginning of period $ 1.182 $ 1.281 $ 1.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.422 $ 1.420 $ 1.182 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 41,232 1,551 4,982 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
HARTFORD GLOBAL LEADERS HLS FUND
SUB-ACCOUNT
(Inception date September 30, 1998)
Accumulation Unit Value at
beginning of period $ 1.315 $ 1.451 $ 1.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.952 $ 1.951 $ 1.315 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 25,343 602 416 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
HARTFORD HIGH YIELD HLS FUND SUB-
ACCOUNT
(Inception date September 30, 1998)
Accumulation Unit Value at
beginning of period $ 1.035 $ 1.084 $ 1.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at end of
period $ 1.070 $ 1.069 $ 1.035 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 14,681 707 1,832 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1992 1991 1990
<S> <C> <C> <C>
----------------------------------------------------------------------
HARTFORD GROWTH AND INCOME HLS FUND
SUB-ACCOUNT
(Inception date June 1, 1998)
Accumulation Unit Value at
beginning of period -- -- --
-----------------------------------
Accumulation Unit Value at end of
period -- -- --
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) -- -- --
----------------------------------------------------------------------
HARTFORD GLOBAL LEADERS HLS FUND
SUB-ACCOUNT
(Inception date September 30, 1998)
Accumulation Unit Value at
beginning of period -- -- --
----------------------------------------------------------------------
Accumulation Unit Value at end of
period -- -- --
----------------------------------------------------------------------
----------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) -- -- --
----------------------------------------------------------------------
HARTFORD HIGH YIELD HLS FUND SUB-
ACCOUNT
(Inception date September 30, 1998)
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>
HV-2742
33-06952
