<PAGE>
PUTNAM CAPITAL MANAGER VARIABLE ANNUITY
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED SEPTEMBER 30, 1998 TO THE PROSPECTUS DATED MAY 1, 1998
FOR THE PUTNAM CAPITAL MANAGER VARIABLE ANNUITY
The second paragraph of the first page of the prospectus should be deleted and
replaced with the following language:
There are currently twenty-one (21) Sub-Accounts available under the
Contract. The following underlying investment portfolios ("Funds") of
Class IA shares of Putnam Variable Trust are available under the Contracts:
Putnam VT Asia Pacific Growth Fund, Putnam VT Diversified Income Fund,
Putnam VT The George Putnam Fund of Boston, Putnam VT Global Asset
Allocation Fund, Putnam VT Global Growth Fund, Putnam VT Growth and Income
Fund, Putnam VT Health Sciences Fund, Putnam VT High Yield Fund, Putnam VT
International Growth Fund, Putnam VT International Growth and Income Fund,
Putnam VT International New Opportunities Fund, Putnam VT Investors Fund,
Putnam VT Money Market Fund, Putnam VT New Opportunities Fund, Putnam VT
New Value Fund, Putnam VT OTC & Emerging Growth Fund, Putnam VT Research
Fund, Putnam VT U.S. Government and High Quality Bond Fund, Putnam VT
Utilities Growth and Income Fund, Putnam VT Vista Fund, and Putnam VT
Voyager Fund.
The tables entitled "Annual Fund Operating Expenses" and "Example" under the
section titled "Putnam Capital Manager I" should be deleted and replaced with
the following language:
ANNUAL FUND OPERATING EXPENSES
(as a percentage of net assets)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------
TOTAL FUND
MANAGEMENT OTHER OPERATING
FEES EXPENSES EXPENSES
(AFTER ANY (AFTER ANY (AFTER ANY
FEE EXPENSE FEE WAIVERS
WAIVERS) REIMBURSEMENT) AND EXPENSE
REIMBURSEMENT)
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Putnam VT Asia Pacific Growth Fund 0.80% 0.27% 1.07%
Putnam VT Diversified Income Fund 0.69% 0.11% 0.80%
Putnam VT The George Putnam Fund of Boston (1) 0.49% 0.36% 0.85%
Putnam VT Global Asset Allocation Fund 0.66% 0.11% 0.77%
Putnam VT Global Growth Fund 0.60% 0.15% 0.75%
Putnam VT Growth and Income Fund 0.47% 0.04% 0.51%
Putnam VT Health Sciences Fund (1) 0.56% 0.34% 0.90%
- --------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Putnam VT High Yield Fund 0.66% 0.06% 0.72%
Putnam VT International Growth Fund (1) 0.73% 0.47% 1.20%
Putnam VT International Growth and Income Fund 0.80% 0.32% 1.12%
Putnam VT International New Opportunities Fund(1) 0.92% 0.68% 1.60%
Putnam VT Investors Fund (1) 0.52% 0.33% 0.85%
Putnam VT Money Market Fund 0.45% 0.09% 0.54%
Putnam VT New Opportunities Fund 0.58% 0.05% 0.63%
Putnam VT New Value Fund 0.70% 0.15% 0.85%
Putnam VT OTC & Emerging Growth Fund (1) 0.56% 0.34% 0.90%
Putnam VT Research Fund (1) 0.37% 0.48% 0.85%
Putnam VT U.S. Government and High Quality Bond Fund 0.61% 0.08% 0.69%
Putnam VT Utilities Growth and Income Fund 0.67% 0.07% 0.74%
Putnam VT Vista Fund 0.65% 0.22% 0.87%
Putnam VT Voyager Fund 0.54% 0.05% 0.59%
- --------------------------------------------------------------------------------------------------
</TABLE>
(1) The "Management Fees" and "Other Expenses" shown in the table above reflect
an expense limitation. In the absence of an expense limitation,
"Management Fees", "Other Expenses", and "Total Fund Operating Expenses"
would have been:
<TABLE>
<CAPTION>
TOTAL FUND
OPERATING
MANAGEMENT FEES OTHER EXPENSES EXPENSES
<S> <C> <C> <C>
Putnam VT The George 0.65 0.36 1.01
Putnam Fund of Boston*
Putnam VT Health Sciences 0.70 0.34 1.04
Fund*
Putnam VT International 0.80 0.47 1.27
Growth Fund
Putnam VT International 1.20 0.68 1.88
New Opportunities Fund
Putnam VT Investors Fund* 0.65 0.33 0.98
Putnam VT OTC & 0.70 0.34 1.04
Emerging Growth Fund*
Putnam VT Research Fund* 0.65 0.48 1.13
</TABLE>
*Estimated "Management Fees", "Other Expenses", and "Total Fund Operating
Expenses."
<PAGE>
<TABLE>
<CAPTION>
EXAMPLE_PCM I
- ------------------------------------------------------------------------------------------------------------------------------------
If you surrender your Contract at the end If you annuitize your Contract at the end
of the applicable time period, you would of the applicable time period, you would
pay the following expenses on a $1,000 pay the following expenses on a $1,000
investment, assuming a 5% annual return investment, assuming a 5% annual return
on assets: on assets:
- ------------------------------------------------------------------------------------------------------------------------------------
SUB-ACCOUNT 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>
Putnam Asia Pacific Growth Sub-Account $76 $119 $156 $288 $25 $79 $135 $288
Putnam Diversifed Income Sub-Account 73 111 142 261 23 71 121 260
The George Putnam Fund Sub-Account 74 113 n/a n/a 23 72 n/a n/a
Putnam Global Asset Allocation Sub-Account 73 110 140 258 22 70 120 257
Putnam Global Growth Sub-Account 73 110 139 255 22 69 119 255
Putnam Growth and Income Sub-Account 70 102 127 230 20 62 106 230
Putnam Health Sciences Sub-Account 74 114 n/a n/a 24 74 n/a n/a
Putnam High Yield Sub-Account 72 109 138 252 22 68 117 252
Putnam International Growth Sub-Account 77 123 162 301 27 83 142 301
Putnam International Growth and Income 76 121 158 293 26 80 138 293
Sub-Account
Putnam International New Opportunities 81 136 182 340 31 95 162 340
Sub-Account
Putnam Investors Sub-Account 74 113 n/a n/a 23 72 n/a n/a
Putnam Money Market Sub-Account 70 103 128 233 20 62 108 233
Putnam New Opportunities Sub-Account 71 106 133 243 21 65 112 242
Putnam New Value Sub-Account 74 113 144 266 23 72 124 265
Putnam OTC & Emerging Growth Sub-Account 74 114 n/a n/a 24 74 n/a n/a
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
If you do not surrender your Contract, you would
pay the following expenses on a $1,000
investment, assuming a 5% annual return on assets:
- --------------------------------------------------------------------------------------------
SUB-ACCOUNT 1 YEAR 3 YEARS 5 YEARS 10 YEARS
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Putnam Asia Pacific Growth Sub-Account $26 $79 $136 $288
Putnam Diversifed Income Sub-Account 23 71 122 261
The George Putnam Fund Sub-Account 24 73 n/a n/a
Putnam Global Asset Allocation Sub-Account 23 70 120 258
Putnam Global Growth Sub-Account 23 70 119 255
Putnam Growth and Income Sub-Account 20 62 107 230
Putnam Health Sciences Sub-Account 24 74 n/a n/a
Putnam High Yield Sub-Account 22 69 118 252
Putnam International Growth Sub-Account 27 83 142 301
Putnam International Growth and Income 26 81 138 293
Sub-Account
Putnam International New Opportunities 31 96 162 340
Sub-Account
Putnam Investors Sub-Account 24 73 n/a n/a
Putnam Money Market Sub-Account 20 63 108 233
Putnam New Opportunities Sub-Account 21 66 113 243
Putnam New Value Sub-Account 24 73 124 266
Putnam OTC & Emerging Growth Sub-Account 24 74 n/a n/a
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Putnam Research Sub-Account 74 113 n/a n/a 23 72 n/a n/a
Putnam U.S. Government and High Quality 72 108 136 249 21 67 115 249
Bond Sub-Account
Putnam Utilities Growth and Income 72 109 139 254 22 69 118 254
Sub-Account
Putnam Vista Sub-Account 74 113 145 268 23 73 125 267
Putnam Voyager Sub-Account 71 105 131 239 20 64 110 238
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Putnam Research Sub-Account 24 73 n/a n/a
Putnam U.S. Government and High Quality 22 68 116 249
Bond Sub-Account
Putnam Utilities Growth and Income 22 69 119 254
Sub-Account
Putnam Vista Sub-Account 24 73 125 268
Putnam Voyager Sub-Account 21 65 111 239
- --------------------------------------------------------------------------------------------
</TABLE>
The tables entitled "Annual Fund Operating Expenses" and "Example" under the
section titled "Putnam Capital Manager II" should be deleted and replaced with
the following language:
ANNUAL FUND OPERATING EXPENSES
(as a percentage of net assets)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------
TOTAL FUND
MANAGEMENT OTHER OPERATING
FEES EXPENSES EXPENSES
(AFTER ANY (AFTER ANY (AFTER ANY
FEE EXPENSE FEE WAIVERS
WAIVERS) REIMBURSEMENT) AND EXPENSE
REIMBURSEMENT)
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Putnam VT Asia Pacific Growth Fund 0.80% 0.27% 1.07%
Putnam VT Diversified Income Fund 0.69% 0.11% 0.80%
Putnam VT The George Putnam Fund of Boston (1) 0.49% 0.36% 0.85%
Putnam VT Global Asset Allocation Fund 0.66% 0.11% 0.77%
Putnam VT Global Growth Fund 0.60% 0.15% 0.75%
Putnam VT Growth and Income Fund 0.47% 0.04% 0.51%
Putnam VT Health Sciences Fund (1) 0.56% 0.34% 0.90%
Putnam VT High Yield Fund 0.66% 0.06% 0.72%
Putnam VT International Growth Fund (1) 0.73% 0.47% 1.20%
Putnam VT International Growth and Income Fund 0.80% 0.32% 1.12%
Putnam VT International New Opportunities Fund (1) 0.92% 0.68% 1.60%
Putnam VT Investors Fund (1) 0.52% 0.33% 0.85%
Putnam VT Money Market Fund 0.45% 0.09% 0.54%
Putnam VT New Opportunities Fund 0.58% 0.05% 0.63%
Putnam VT New Value Fund 0.70% 0.15% 0.85%
- --------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Putnam VT OTC & Emerging Growth Fund(1) 0.56% 0.34% 0.90%
Putnam VT Research Fund (1) 0.37$ 0.48% 0.85%
Putnam VT U.S. Government and High Quality Bond Fund 0.61% 0.08% 0.69%
Putnam VT Utilities Growth and Income Fund 0.67% 0.07% 0.74%
Putnam VT Vista Fund 0.65% 0.22% 0.87%
Putnam VT Voyager Fund 0.54% 0.05% 0.59%
- --------------------------------------------------------------------------------------------------
</TABLE>
(1) The "Management Fees" and "Other Expenses" shown in the table above reflect
an expense limitation. In the absence of an expense limitation,
"Management Fees", "Other Expenses" and "Total Fund Operating Expenses"
would have been:
<TABLE>
<CAPTION>
TOTAL FUND
MANAGEMENT FEES OTHER EXPENSES OPERATING
EXPENSES
<S> <C> <C> <C>
Putnam VT The George 0.65 0.36 1.01
Putnam Fund of Boston*
Putnam VT Health Sciences 0.70 0.34 1.04
Fund*
Putnam VT International 0.80 0.47 1.27
Growth Fund
Putnam VT International 1.20 0.68 1.88
New Opportunities Fund
Putnam VT Investors Fund* 0.65 0.33 0.98
Putnam VT OTC & 0.70 0.34 1.04
Emerging Growth Fund*
Putnam VT Research Fund* 0.65 0.48 1.13
</TABLE>
*Estimated "Management Fees", "Other Expenses" and "Total Fund Operating
Expenses."
<PAGE>
<TABLE>
<CAPTION>
EXAMPLE_PCM II
- ------------------------------------------------------------------------------------------------------------------------------------
If you surrender your Contract at the end If you annuitize your Contract at the end
of the applicable time period, you would of the applicable time period, you would
pay the following expenses on a $1,000 pay the following expenses on a $1,000
investment, assuming a 5% annual return investment, assuming a 5% annual return
on assets: on assets:
- ------------------------------------------------------------------------------------------------------------------------------------
SUB-ACCOUNT 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>
Putnam Asia Pacific Growth Sub-Account $86 $139 $186 $288 $25 $79 $135 $288
Putnam Diversifed Income Sub-Account 83 131 172 261 23 71 121 260
The George Putnam Fund Sub-Account 84 133 n/a n/a 23 72 n/a n/a
Putnam Global Asset Allocation Sub-Account 83 130 170 258 22 70 120 257
Putnam Global Growth Sub-Account 83 130 169 255 22 69 119 255
Putnam Growth and Income Sub-Account 80 123 157 230 20 62 106 230
Putnam Health Sciences Sub-Account 84 134 n/a n/a 24 74 n/a n/a
Putnam High Yield Sub-Account 82 129 168 252 22 68 117 252
Putnam International Growth Sub-Account 87 143 192 301 27 83 142 301
Putnam International Growth and Income
Sub-Account 86 141 188 293 26 80 138 293
Putnam International New Opportunities
Sub-Account 91 156 212 340 31 95 162 340
Putnam Investors Sub-Account 84 133 n/a n/a 23 72 n/a n/a
Putnam Money Market Sub-Account 80 123 158 233 20 62 108 233
Putnam New Opportunities Sub-Account 81 126 163 243 21 65 112 242
Putnam New Value Sub-Account 84 133 174 266 23 72 124 265
Putnam OTC & Emerging Growth Sub-Account 84 134 n/a n/a 24 74 n/a n/a
Putnam Research Sub-Account 84 133 n/a n/a 23 72 n/a n/a
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
If you do not surrender your Contract, you would
pay the following expenses on a $1,000
investment, assuming a 5% annual return on assets:
- --------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Putnam Asia Pacific Growth Sub-Account $26 $79 $136 $288
Putnam Diversifed Income Sub-Account 23 71 122 261
The George Putnam Fund Sub-Account 24 73 n/a n/a
Putnam Global Asset Allocation Sub-Account 23 70 120 258
Putnam Global Growth Sub-Account 23 70 119 255
Putnam Growth and Income Sub-Account 20 62 107 230
Putnam Health Sciences Sub-Account 24 74 n/a n/a
Putnam High Yield Sub-Account 22 69 118 252
Putnam International Growth Sub-Account 27 83 142 301
Putnam International Growth and Income
Sub-Account 26 81 138 293
Putnam International New Opportunities
Sub-Account 31 96 162 340
Putnam Investors Sub-Account 24 73 n/a n/a
Putnam Money Market Sub-Account 20 63 108 233
Putnam New Opportunities Sub-Account 21 66 113 243
Putnam New Value Sub-Account 24 73 124 266
Putnam OTC & Emerging Growth Sub-Account 24 74 n/a n/a
Putnam Research Sub-Account 24 73 n/a n/a
- ---------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Putnam U.S. Government and High Quality
Bond Sub-Account 82 128 166 249 21 67 115 249
Putnam Utilities Growth and Income Sub-Account 82 129 169 254 22 69 118 254
Putnam Vista Sub-Account 84 133 175 289 23 73 125 267
Putnam Voyager Sub-Account 81 125 161 239 20 64 110 238
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Putnam U.S. Government and High Quality
Bond Sub-Account 22 68 116 249
Putnam Utilities Growth and Income
Sub-Account 22 69 119 254
Putnam Vista Sub-Account 24 73 125 268
Putnam Voyager Sub-Account 21 65 111 239
- --------------------------------------------------------------------------------------------
</TABLE>
The tables entitled "Annual Fund Operating Expenses" and "Example" under the
section titled "Putnam Capital Manager III" should be deleted and replaced with
the following language:
ANNUAL FUND OPERATING EXPENSES
(as a percentage of net assets)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------
TOTAL FUND
MANAGEMENT OTHER OPERATING
FEES EXPENSES EXPENSES
(AFTER ANY (AFTER ANY (AFTER ANY
FEE EXPENSE FEE WAIVERS
WAIVERS) REIMBURSEMENT) AND EXPENSE
REIMBURSEMENT)
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Putnam VT Asia Pacific Growth Fund 0.80% 0.27% 1.07%
Putnam VT Diversified Income Fund 0.69% 0.11% 0.80%
Putnam VT The George Putnam Fund of Boston (1) 0.49% 0.36% 0.85%
Putnam VT Global Asset Allocation Fund 0.66% 0.11% 0.77%
Putnam VT Global Growth Fund 0.60% 0.15% 0.75%
Putnam VT Growth and Income Fund 0.47% 0.04% 0.51%
Putnam VT Health Sciences Fund (1) 0.56% 0.34% 0.90%
Putnam VT High Yield Fund 0.66% 0.06% 0.72%
Putnam VT International Growth Fund (1) 0.73% 0.47% 1.20%
Putnam VT International Growth and Income Fund 0.80% 0.32% 1.12%
Putnam VT International New Opportunities Fund (1) 0.92% 0.68% 1.60%
Putnam VT Investors Fund (1) 0.52% 0.33% 0.85%
Putnam VT Money Market Fund 0.45% 0.09% 0.54%
Putnam VT New Opportunities Fund 0.58% 0.05% 0.63%
Putnam VT New Value Fund 0.70% 0.15% 0.85%
Putnam VT OTC & Emerging Growth Fund (1) 0.56% 0.34% 0.90%
Putnam VT Research Fund(1) 0.37% 0.48% 0.85%
- --------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Putnam VT U.S. Government and High Quality Bond Fund 0.61% 0.08% 0.69%
Putnam VT Utilities Growth and Income Fund 0.67% 0.07% 0.74%
Putnam VT Vista Fund 0.65% 0.22% 0.87%
Putnam VT Voyager Fund 0.54% 0.05% 0.59%
- --------------------------------------------------------------------------------------------------
</TABLE>
(1) The "Management Fees" and "Other Expenses" shown in the table above reflect
an expense limitation. In the absence of an expense limitation,
"Management Fees", "Other Expenses", and "Total Fund Operating Expenses"
would have been:
<TABLE>
<CAPTION>
TOTAL FUND
MANAGEMENT FEES OTHER EXPENSES OPERATING
EXPENSES
<S> <C> <C> <C>
Putnam VT The George 0.65 0.36 1.01
Putnam Fund of Boston*
Putnam VT Health Sciences 0.70 0.34 1.04
Fund*
Putnam VT International 0.80 0.47 1.27
Growth Fund
Putnam VT International 1.20 0.68 1.88
New Opportunities Fund
Putnam VT Investors Fund* 0.65 0.33 0.98
Putnam VT OTC & 0.70 0.34 1.04
Emerging Growth Fund*
Putnam VT Research Fund* 0.65 0.48 1.13
</TABLE>
*Estimated "Management Fees", "Other Expenses" and "Total Fund Operating
Expenses".
<PAGE>
<TABLE>
<CAPTION>
EXAMPLE_PCM III
- ------------------------------------------------------------------------------------------------------------------------------------
If you surrender your Contract at the end If you annuitize your Contract at the end
of the applicable time period, you would of the applicable time period, you would
pay the following expenses on a $1,000 pay the following expenses on a $1,000
investment, assuming a 5% annual return investment, assuming a 5% annual return
on assets: on assets:
- ------------------------------------------------------------------------------------------------------------------------------------
SUB-ACCOUNT 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>
Putnam Asia Pacific Growth Sub-Account $96 $129 $166 $288 $25 $79 $135 $288
Putnam Diversifed Income Sub-Account 93 121 152 261 23 71 121 260
The George Putnam Fund Sub-Account 94 123 n/a n/a 23 72 n/a n/a
Putnam Global Asset Allocation Sub-Account 93 120 150 258 22 70 120 257
Putnam Global Growth Sub-Account 93 120 149 255 22 69 119 255
Putnam Growth and Income Sub-Account 90 112 137 230 20 62 106 230
Putnam Health Sciences Sub-Account 94 124 n/a n/a 24 74 n/a n/a
Putnam High Yield Sub-Account 92 119 148 252 22 68 117 252
Putnam International Growth Sub-Account 97 133 172 301 27 83 142 301
Putnam International Growth and Income
Sub-Account 96 131 168 293 26 80 138 293
Putnam International New Opportunities
Sub-Account 101 146 192 340 31 95 162 340
Putnam Investors Sub-Account 94 123 n/a n/a 23 72 n/a n/a
Putnam Money Market Sub-Account 90 113 138 233 20 62 108 233
Putnam New Opportunities Sub-Account 91 116 143 243 21 65 112 242
Putnam New Value Sub-Account 94 123 154 266 23 72 124 265
Putnam OTC & Emerging Growth Sub-Account 94 124 n/a n/a 24 74 n/a n/a
Putnam Research Sub-Account 94 123 n/a n/a 23 72 n/a n/a
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
If you do not surrender your Contract, you would
pay the following expenses on a $1,000
investment, assuming a 5% annual return on assets:
- --------------------------------------------------------------------------------------------
1 YEAR 3 YEARS 5 YEARS 10 YEARS
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Putnam Asia Pacific Growth Sub-Account $26 $79 $136 $288
Putnam Diversifed Income Sub-Account 23 71 122 261
The George Putnam Fund Sub-Account 24 73 n/a n/a
Putnam Global Asset Allocation Sub-Account 23 70 120 258
Putnam Global Growth Sub-Account 23 70 119 255
Putnam Growth and Income Sub-Account 20 62 107 230
Putnam Health Sciences Sub-Account 24 74 n/a n/a
Putnam High Yield Sub-Account 22 69 118 252
Putnam International Growth Sub-Account 27 83 142 301
Putnam International Growth and Income
Sub-Account 26 81 138 293
Putnam International New Opportunities
Sub-Account 31 96 162 340
Putnam Investors Sub-Account 24 73 n/a n/a
Putnam Money Market Sub-Account 20 63 108 233
Putnam New Opportunities Sub-Account 21 66 113 243
Putnam New Value Sub-Account 24 73 124 266
Putnam OTC & Emerging Growth Sub-Account 24 74 n/a n/a
Putnam Research Sub-Account 24 73 n/a n/a
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Putnam U.S. Government and High Quality Bond
Sub-Account 92 118 146 249 21 67 115 249
Putnam Utilities Growth and Income Sub-Account 92 119 149 254 22 69 118 254
Putnam Vista Sub-Account 94 123 155 268 23 73 125 267
Putnam Voyager Sub-Account 91 115 141 239 20 64 110 238
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Putnam U.S. Government and High Quality
Bond Sub-Account 22 68 116 249
Putnam Utilities Growth and Income Sub-Account 22 69 119 254
Putnam Vista Sub-Account 24 73 125 268
Putnam Voyager Sub-Account 21 65 111 239
- --------------------------------------------------------------------------------------------
</TABLE>
The paragraph accompanying the table under the section entitled "Accumulation
Unit Values" should be deleted and replaced with the following language:
The following information has been derived from the audited financial
statements of the separate account, which have 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 George Putnam Fund
Sub-Account, Putnam Health Sciences Sub-Account, Putnam Investors
Sub-Account, Putnam OTC & Emerging Growth Sub-Account and Putnam VT Research
Fund Sub-Account are new Sub-Accounts and are not shown below.
The paragraph under the section entitled "WHAT TYPES OF INVESTMENTS ARE
AVAILABLE UNDER THE CONTRACT?" should be deleted and replaced with the
following language:
The underlying investments for the Contract are shares of Putnam
Variable Trust, an open-end series investment company with multiple
portfolios ("the Funds") as follows: Putnam VT Asia Pacific Growth Fund,
Putnam VT Diversified Income Fund, Putnam VT The George Putnam Fund of
Boston, Putnam VT Global Asset Allocation Fund, Putnam VT Global Growth Fund,
Putnam VT Growth and Income Fund, Putnam VT Health Sciences Fund, Putnam VT
High Yield Fund, Putnam VT International Growth Fund, Putnam VT International
Growth and Income Fund, Putnam VT International New Opportunities Fund,
Putnam VT Investors Fund, Putnam VT Money Market Fund, Putnam VT New
Opportunities Fund, Putnam VT New Value Fund, Putnam VT OTC & Emerging Growth
Fund, Putnam VT Research Fund, Putnam VT U.S. Government and High Quality
Bond Fund, Putnam VT Utilities Growth and Income Fund, Putnam VT Vista Fund,
Putnam VT Voyager Fund, and such other Funds as shall be offered from time to
time, and the Fixed Account, or a combination of the Funds and the Fixed
Account. (See "The Funds" commencing on page ___ and "The Fixed Account"
commencing on page ___ .)
The second paragraph under the section entitled "PERFORMANCE RELATED
INFORMATION" should be deleted and replaced with the following language:
Putnam Asia Pacific Growth Sub-Account, Putnam Diversified Income
Sub-Account, Putnam The George Putnam Fund Sub-Account of Boston, Putnam
Global Asset Allocation Sub-Account, Putnam Global Growth Sub-Account, Putnam
Growth and Income Sub-Account,
<PAGE>
Putnam Health Sciences Sub-Account, Putnam High Yield Sub-Account, Putnam
International Growth Sub-Account, Putnam International Growth and Income
Sub-Account, Putnam International New Opportunities Sub-Account, Putnam
Investors Sub-Account, Putnam Money Market Sub-Account, Putnam New
Opportunities Sub-Account, Putnam New Value Sub-Account, Putnam OTC &
Emerging Growth Sub-Account, Putnam Research Sub-Account, Putnam U.S.
Government and High Quality Bond Sub-Account, Putnam Utilities Growth and
Income Sub-Account, Putnam Vista Sub-Account, and Putnam Voyager Sub-Account
may include total return in advertisements or other sales material.
The following section should be added after the third sentence of the third
paragraph of the section entitled, "The Fixed Account":
Hartford will publish periodically the Fixed Account interest rates that are
currently in effect.
The following sentence should be added after the fifth sentence of the third
paragraph of the section entitled, "The Fixed Account":
Hartford will account for any deductions, surrenders, or transfers from the
Fixed Account on a "first-in, first-out" basis.
The heading "Dollar Cost Averaging Plus Program" at the beginning of the
fourth paragraph of the section entitled "The Fixed Account" should be
deleted.
The following sentence should be added after the first sentence of the fourth
paragraph of the section entitled, "The Fixed Account":
For Contracts issued in the state of New York, Fixed Account interest rates
may vary from other states.
The following language should be added between the paragraph entitled "Putnam
VT OTC & Emerging Growth Fund" and the paragraph entitled "Putnam VT U.S.
Government and High Quality Bond Fund in the section entitled "The Funds":
PUTNAM VT RESEARCH FUND
Seeks capital appreciation by investing primarily in common stocks
recommended by Putnam Investment Management, Inc. ("Putnam Management"), as
having the greatest potential for capital appreciation.
The fifth paragraph from the end of the section entitled "The Funds" should
be deleted and replaced with the following language:
Putnam VT Asia Pacific Growth Fund, Putnam VT Diversified Income Fund,
Putnam VT The George Putnam Fund of Boston, Putnam VT Global Growth Fund,
Putnam VT Growth and Income Fund, Putnam VT Health Sciences Fund, Putnam VT
High Yield Fund, Putnam VT International Growth Fund, Putnam VT International
Growth and Income Fund, Putnam VT International New Opportunities Fund,
Putnam VT Investors Fund, Putnam VT Money Market Fund, Putnam VT New
Opportunities Fund, Putnam VT New Value Fund, Putnam VT OTC & Emerging Growth
Fund, Putnam VT Research Fund, Putnam VT U.S. Government and High Quality
Bond Fund, Putnam VT Utilities Growth and Income Fund, Putnam VT Vista Fund,
and Putnam VT Voyager Fund are generally managed in styles similar to other
open-end investment companies which are managed by Putnam Management and
whose shares are generally offered to the public. These other Putnam funds
may, however, employ different investment practices and may invest in
securities different from those in which their counterpart Funds invest, and
consequently will not have identical portfolios or experience identical
investment results.
Under the section entitled "Distribution of the Funds" delete the second
sentence of the second paragraph and replace with the following language:
HSD is an affiliate of Hartford. Hartford's parent company indirectly owns
100% of HSD.
HV-
33-17207
