<PAGE>
PUTNAM HARTFORD CAPITAL MANAGER
SERIES V
PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT
HARTFORD LIFE INSURANCE COMPANY
SUPPLEMENT DATED OCTOBER 2, 2000 TO THE PROSPECTUS DATED MAY 1, 2000
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, Life
Annuity with 120, 180 or 240 Monthly Payments Certain or the Joint and Last
Survivor Life Annuity Payout Options, 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, 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 payments 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 Life Annuity
with 120, 180 or 240 Monthly Payments Certain or the Payments for a Designated
Period 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>
In the "Annuity Payouts" section, under the sub-section entitled, "When do you
want Annuity Payouts to begin?", the third and fourth sentences of the first
paragraph are 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 Monthly 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.
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 Value" table is deleted and replaced with the following:
ACCUMULATION UNIT VALUES
(For an Accumulation Unit outstanding throughout the period)
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 Putnam American Government Income
Sub-Account, Putnam Growth Opportunitites Sub-Account and Putnam Technology
Sub-Account because, as of December 31, 1999 the Sub-Accounts had not yet
commenced operations.
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993 1992
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM ASIA PACIFIC GROWTH
SUB-ACCOUNT
(Inception date May 1, 1995)
Accumulation Unit Value at
beginning of period $ 8.552 $ 9.994 $ 9.176 $10.903 $10.135 $10.000 -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $17.505 $17.488 $ 8.552 $ 9.176 $10.903 $10.135 -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 5,434 5 3,614 4,108 4,437 1,040 -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM DIVERSIFIED INCOME
SUB-ACCOUNT
(Inception date
September 15, 1993)
Accumulation Unit Value at
beginning of period $12.489 $12.713 $12.841 $12.127 $11.302 $ 9.622 $10.188 $10.000 --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $12.532 $12.520 $12.489 $12.841 $12.127 $11.302 $ 9.622 $10.188 --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 25,272 47 27,362 24,442 20,955 14,967 13,403 4,428 --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM THE GEORGE PUTNAM
SUB-ACCOUNT
(Inception date May 1, 1998)
Accumulation Unit Value at
beginning of period $10.242 $10.984 $10.000 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $10.063 $10.053 $10.242 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 12,226 84 4,571 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1991 1990 1989
<S> <C> <C> <C>
-----------------------------
PUTNAM ASIA PACIFIC GROWTH
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) -- -- --
-----------------------------
PUTNAM DIVERSIFIED INCOME
SUB-ACCOUNT
(Inception date
September 15, 1993)
Accumulation Unit Value at
beginning of period -- -- --
-----------------------------
Accumulation Unit Value at
end of period -- -- --
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) -- -- --
-----------------------------
PUTNAM THE GEORGE PUTNAM
SUB-ACCOUNT
(Inception date May 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) -- -- --
-----------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993 1992
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM GLOBAL ASSET
ALLOCATION SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $30.256 $31.376 $27.026 $22.902 $20.087 $16.355 $16.988 $14.665 $13.992
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $33.370 $33.337 $30.256 $27.026 $22.902 $20.087 $16.355 $16.988 $14.665
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 13,933 2 16,196 17,958 17,521 16,019 16,507 12,914 8,580
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM GLOBAL GROWTH
SUB-ACCOUNT
(Inception date May 1, 1990)
Accumulation Unit Value at
beginning of period $24.940 $25.979 $19.497 $17.294 $14.963 $13.119 $13.432 $10.289 $10.472
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $40.580 $40.540 $24.940 $19.497 $17.294 $14.963 $13.119 $13.432 $10.289
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 31,887 16 34,221 36,912 36,757 29,701 30,285 17,711 7,638
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM GROWTH AND INCOME
SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $45.567 $50.800 $40.036 $32.703 $27.201 $20.178 $20.390 $18.096 $16.720
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $45.646 $45.601 $45.567 $40.036 $32.703 $27.201 $20.178 $20.390 $18.096
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Units
outstanding at end of period
(in thousands) 101,229 99 108,466 108,147 96,383 76,865 67,016 53,464 32,856
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM HEALTH SCIENCES
SUB-ACCOUNT
(Inception date May 1, 1998)
Accumulation Unit Value at
beginning of period $10.849 $ 9.840 $10.000 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $10.277 $10.267 $10.849 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 8,510 51 4,962 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM HIGH YIELD SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $23.742 $24.985 $25.575 $22.682 $20.390 $17.476 $17.890 $15.173 $12.923
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $24.799 $24.774 $23.742 $25.575 $22.682 $20.390 $17.476 $17.890 $15.173
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 16,729 21 18,670 17,697 16,479 13,646 11,462 11,174 7,076
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM INCOME SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $21.305 $21.164 $19.959 $18.631 $18.448 $15.533 $16.277 $14.833 $13.994
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $20.574 $20.554 $21.305 $19.959 $18.631 $18.448 $15.533 $16.277 $14.833
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 26,918 27 29,232 26,461 29,395 30,489 33,516 37,806 27,611
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM INTERNATIONAL GROWTH
SUB-ACCOUNT
(Inception date January 2,
1997)
Accumulation Unit Value at
beginning of period $13.403 $14.721 $11.451 $10.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $21.164 $21.143 $13.403 $11.451 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 10,901 53 8,642 4,787 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM INTERNATIONAL GROWTH
AND INCOME SUB-ACCOUNT
(Inception date January 2,
1997)
Accumulation Unit Value at
beginning of period $12.922 $14.490 $11.776 $10.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $15.876 $15.861 $12.922 $11.776 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 9,695 8 9,450 7,320 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1991 1990 1989
<S> <C> <C> <C>
-----------------------------
PUTNAM GLOBAL ASSET
ALLOCATION SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $11.922 $12.068 $10.545
-----------------------------
Accumulation Unit Value at
end of period $13.992 $11.922 $12.068
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 5,829 4,300 3,923
-----------------------------
PUTNAM GLOBAL GROWTH
SUB-ACCOUNT
(Inception date May 1, 1990)
Accumulation Unit Value at
beginning of period $ 9.233 $10.000 --
-----------------------------
Accumulation Unit Value at
end of period $10.472 $ 9.233 --
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 3,800 1,405 --
-----------------------------
PUTNAM GROWTH AND INCOME
SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $14.243 $14.166 $11.848
-----------------------------
Accumulation Unit Value at
end of period $16.720 $14.243 $14.166
-----------------------------
Accumulation Units
outstanding at end of period
(in thousands) 19,420 10,888 7,037
-----------------------------
PUTNAM HEALTH SCIENCES
SUB-ACCOUNT
(Inception date May 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) -- -- --
-----------------------------
PUTNAM HIGH YIELD SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $ 9.055 $10.200 $10.624
-----------------------------
Accumulation Unit Value at
end of period $12.932 $ 9.055 $10.200
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 3,296 2,072 2,680
-----------------------------
PUTNAM INCOME SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $12.100 $11.414 $10.150
-----------------------------
Accumulation Unit Value at
end of period $13.994 $12.100 $11.414
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 16,368 8,107 5,399
-----------------------------
PUTNAM INTERNATIONAL GROWTH
SUB-ACCOUNT
(Inception date January 2,
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) -- -- --
-----------------------------
PUTNAM INTERNATIONAL GROWTH
AND INCOME SUB-ACCOUNT
(Inception date January 2,
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>
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993 1992
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM INTERNATIONAL NEW
OPPORTUNITIES SUB-ACCOUNT
(Inception date January 2,
1997)
Accumulation Unit Value at
beginning of period $11.226 $12.423 $ 9.850 $10.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $22.468 $22.445 $11.226 $ 9.850 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 6,013 6 4,790 4,026 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM INVESTORS SUB-ACCOUNT
(Inception date May 1, 1998)
Accumulation Unit Value at
beginning of period $11.432 $12.179 $10.000 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $14.669 $14.655 $11.432 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 26,923 215 9,336 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM MONEY MARKET
SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $ 1.538 $ 1.555 $ 1.483 $ 1.429 $ 1.379 $ 1.325 $ 1.294 $ 1.277 $ 1.250
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $ 1.591 $ 1.589 $ 1.538 $ 1.483 $ 1.429 $ 1.379 $ 1.325 $ 1.294 $ 1.277
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 232,287 335 194,641 136,311 140,033 107,934 144,950 68,677 80,182
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM NEW OPPORTUNITIES
SUB-ACCOUNT
(Inception date May 2, 1994)
Accumulation Unit Value at
beginning of period $24.805 $26.455 $20.223 $16.635 $15.312 $10.718 $10.000 -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $41.424 $41.383 $24.805 $20.223 $16.635 $15.312 $10.718 -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 45,291 59 44,315 42,525 38,289 15,860 3,681 -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM NEW VALUE SUB-ACCOUNT
(Inception date January 2,
1997)
Accumulation Unit Value at
beginning of period $12.151 $13.957 $11.597 $10.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $12.014 $12.002 $12,151 $11.597 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 8,045 16 8,158 6,466 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM OTC & EMERGING
SUB-ACCOUNT
(Inception date May 1, 1998)
Accumulation Unit Value at
beginning of period $ 9.980 $11.045 $10.000 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $22.292 $22.270 $ 9.980 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 3,871 18 922 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM RESEARCH SUB-ACCOUNT
(Inception date October 1,
1998)
Accumulation Unit Value at
beginning of period $12.497 $13.682 $10.000 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $15.712 $15.696 $12.497 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 3,376 41 522 -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM SMALL CAP VALUE
SUB-ACCOUNT
Accumulation Unit Value at
beginning of period $10.000 $10.000 -- -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $10.251 $10.241 -- -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 390 17 -- -- -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1991 1990 1989
<S> <C> <C> <C>
-----------------------------
PUTNAM INTERNATIONAL NEW
OPPORTUNITIES SUB-ACCOUNT
(Inception date January 2,
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) -- -- --
-----------------------------
PUTNAM INVESTORS SUB-ACCOUNT
(Inception date May 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) -- -- --
-----------------------------
PUTNAM MONEY MARKET
SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $ 1.197 $ 1.124 $ 1.045
-----------------------------
Accumulation Unit Value at
end of period $ 1.250 $ 1.197 $ 1.124
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 62,638 64,849 21,986
-----------------------------
PUTNAM NEW OPPORTUNITIES
SUB-ACCOUNT
(Inception date May 2, 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) -- -- --
-----------------------------
PUTNAM NEW VALUE SUB-ACCOUNT
(Inception date January 2,
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) -- -- --
-----------------------------
PUTNAM OTC & EMERGING
SUB-ACCOUNT
(Inception date May 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) -- -- --
-----------------------------
PUTNAM RESEARCH SUB-ACCOUNT
(Inception date October 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) -- -- --
-----------------------------
PUTNAM SMALL CAP VALUE
SUB-ACCOUNT
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>
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31,
------------------------------------------------------------------------------------------------
WITHOUT THE WITH THE OPTIONAL
OPTIONAL DEATH DEATH BENEFIT
BENEFIT (UNAUDITED)
1999 1999 1998 1997 1996 1995 1994 1993 1992
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM UTILITIES GROWTH AND
INCOME SUB-ACCOUNT
(Inception date May 4, 1992)
Accumulation Unit Value at
beginning of period $22.826 $22.609 $20.143 $16.072 $14.075 $10.889 $11.876 $10.618 $10.000
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $22.360 $22.338 $22.826 $20.143 $16.072 $14.075 $10.889 $11.876 $10.618
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 21,802 21 23,490 22,198 23,096 22,892 23,090 26,176 5,956
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM VISTA SUB-ACCOUNT
(Inception date January 2,
1997)
Accumulation Unit Value at
beginning of period $14.316 $16.504 $12.151 $10.000 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $21.587 $21.566 $14.316 $12.151 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 9,972 35 8,596 5,662 -- -- -- -- --
-------------------------------------------------------------------------------------------------------------------------------
PUTNAM VOYAGER SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $55.426 $60.816 $45.197 $36.228 $32.520 $23.445 $23.530 $20.102 $18.472
-------------------------------------------------------------------------------------------------------------------------------
Accumulation Unit Value at
end of period $86.479 $86.393 $55.426 $45.197 $26.228 $32.520 $23.445 $23.530 $20.102
-------------------------------------------------------------------------------------------------------------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 46,130 39 47,034 47,284 45,912 36,379 29,315 21,915 14,667
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
YEAR ENDED DECEMBER 31,
-------------------------
1991 1990 1989
<S> <C> <C> <C>
-----------------------------
PUTNAM UTILITIES GROWTH AND
INCOME SUB-ACCOUNT
(Inception date May 4, 1992)
Accumulation Unit Value at
beginning of period -- -- --
-----------------------------
Accumulation Unit Value at
end of period -- -- --
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) -- -- --
-----------------------------
PUTNAM VISTA SUB-ACCOUNT
(Inception date January 2,
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) -- -- --
-----------------------------
PUTNAM VOYAGER SUB-ACCOUNT
(Inception date February 1,
1988)
Accumulation Unit Value at
beginning of period $12.822 $13.272 $10.170
-----------------------------
Accumulation Unit Value at
end of period $18.472 $12.822 $13.272
-----------------------------
Number Accumulation Units
outstanding at end of period
(in thousands) 8,419 3,714 2,968
-----------------------------
</TABLE>
HV-2735
33-73566
