HARTFORD LIFE INS CO PUTNAM CAPITAL MGR TR SEPARATE ACCT TWO
24F-2NT, 1997-02-27
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                   U.S. SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                  FORM 24f-2
                       ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24f-2


           READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
                             PLEASE PRINT OR TYPE.

 ______________________________________________________________________________
 1. Name and address of issuer:

                        HARTFORD LIFE INSURANCE COMPANY
               PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT
                              P.O. Box 2999
                          Hartford, CT 06104-2999

 ______________________________________________________________________________
 2. Name of each series or class of funds for which this notice is filed:
 
 
 
 ______________________________________________________________________________
 3. Investment Company Act File Number: 811-6285

    Securities Act File Number: 33-73566

 ______________________________________________________________________________
 4. Last day of fiscal year for which this notice is filed:

                            December 31, 1996

 ______________________________________________________________________________
 5. Check box if this notice is being filed more than 180 days after the close
    of the issuer's fiscal year for purposes of reporting securities sold 
    after the close of the fiscal year but before termination of the issuer's
    24f-2 declaration:

                            N/A                                          / /

 ______________________________________________________________________________
 6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
    applicable (see instruction A.6): 

                            N/A

_______________________________________________________________________________
 7. Number and amount of securities of the same class or series which had been
    registered under the Securities Act of 1933 other than pursuant to rule
    24f-2 in a prior fiscal year, but which remained unsold at the beginning
    of the fiscal year: 

                            N/A

 ______________________________________________________________________________
 8. Number and amount of securities registered during the fiscal year other 
    than pursuant to rule 24f-2:

                            N/A

 ______________________________________________________________________________
 9. Number and aggregate sale price of securities sold during the fiscal year:

                            616,719,760  /  3,973,856,542
  _____________________________________________________________________________

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 ______________________________________________________________________________
 10. Number and aggregate sale price of securities sold during the fiscal 
     year:

                            616,719,760  /  3,973,856,542
 ______________________________________________________________________________

 11. Number and aggregate sale price of securities issued during the fiscal 
     year in connection with dividend reinvestment plans, if applicable (see 
     instruction B.7):

                            N/A
 ______________________________________________________________________________

 12. Calculation of registration fee:

     (i) Aggregate sale price of securities sold during        $3,973,856,542
         the fiscal year in reliance on rule 24f-2          ___________________
         (from Item 10):
    (ii) Aggregate price of shares issued in connection     +
         with dividend reinvestment plans (from Item 11,    ___________________
         if applicable):
   (iii) Aggregate price of shares redeemed or repurchased  -  $2,207,001,754
         during the fiscal year (if applicable):            ___________________
    (iv) Aggregate price of shares redeemed or repurchased  
         and previously applied as a reduction to filing    +
         fees pursuant to rule 24e-2 (if applicable):       ___________________
     (v) Net aggregate price of securities sold and issued  
         during the fiscal year in reliance on rule 24f-2      $1,766,854,788
         line (i), plus line (ii), less line (iii), plus    ___________________
         line (iv) (if applicable):
    (vi) Multiplier prescribed by Section 8(b) of the       x   1/3300
         Securities Act of 1933 or other applicable law or  ___________________
         regulation (see instruction C.8):
   (vii) Fee due (line (i) or line (v) multiplied by        =  $535,410.54
         line (vi)):
                                                            ===================

 INSTRUCTION: ISSUERS SHOULD COMPLETE LINES (ii), (iii), (iv), AND (v) ONLY IF
              THE FORM IS BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE 
              ISSUER'S FISCAL YEAR. See Instruction C.3.
_______________________________________________________________________________
 13. Check box if fees are being remitted to the Commission's lockbox 
     depository as described in Section 3a of the Commission's Rules of
     Informal and Other Procedures (17 CFR 202.3a).

                                                                         /X/

     Date of mailing or wire transfer of filing fees to the Commission's
     lockbox depository:
                               February 21, 1997
_______________________________________________________________________________
                                SIGNATURES

  This report has been signed below by the following persons on behalf of
  the issuer and in the capacities and on the dates indicated.

  By (Signature and Title)*   /s/ Greg Bubnash
                              ------------------------------------
                              Greg Bubnash
                              Assistant Director

  Date  February 10, 1997
        -----------------

*Please print the name and title of the signing officer below the signature.
_______________________________________________________________________________

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February 19, 1997



Hartford Life Insurance Company
P.O. Box 5085
Hartford, CT   06102-5085


RE:  Rule 24f-2 Notice with respect to Securities Act of 1933 Registration
     Statements of Hartford Life Insurance Company -Putnam Capital Manager Trust
     Separate Account
     ---------------------------------------------------------------------------


To Whom it May Concern:

I serve as counsel to Hartford Life Insurance Company and the above referenced
Separate Account.  This Separate Account currently has two Registration
Statements under the Securities Act of 1933 ("Securities Act") in effect which
were filed with the Securities and Exchange Commission to register units of
interest issued to Contract Owners to evidence the investment of their Contract
premium payments in shares of Putnam VT Asia Pacific Growth, Putnam VT
Diversified Income Fund, Putnam VT  Global Asset Allocation, Putnam VT Global
Growth Fund, Putnam VT Growth and Income, Putnam VT High Yield Fund, Putnam VT
Money Market Fund, Putnam VT New Opportunities Fund, Putnam VT U.S. Government
and High Quality Bond Fund, Putnam VT Utilities Growth and Income Fund and
Putnam VT Voyager Fund ("Putnam Funds").  The units of interest represent
undivided interests in the shares so acquired.  The Securities Act Registration
Statements, which have been declared effective, recited the election of the
Separate Account to register an indefinite number of units of interest pursuant
to Rule 24f-2.

In acting as counsel, I have made an examination of law and examined such
records and documents as I have deemed necessary to render the following
opinion.  It is my opinion that the units of interest issued between January 1,
1996 and December 31, 1996 were legally issued and the rights created thereby
are fully enforceable.

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Page Two\Rule 24f-2 Notice with respect to Securities Act of 1933 Registration
Statements of Hartford Life Insurance Company-Putnam Capital Manager Trust
Separate Account
- --------------------------------------------------------------------------



I hereby consent to this Opinion accompanying the Form 24f-2 Notice to be filed
by and on behalf of this Separate Account for 1996.

Very truly yours,

/S/ Marianne O'Doherty

Marianne O'Doherty
Associate Counsel


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