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                                                December 1, 1996 Supplement to
                                                Prospectuses Dated May 1, 1996



Travelers Series Trust


Fund Administration


The Series Trust, on behalf of the Utilities Portfolio, Social Awareness Stock
Portfolio,U.S. Government Securities Portfolio and the Zero Coupon Bond
Fund Portfolios ("Portfolios") has entered into an Administrative Services
Agreement, whereby Travelers Insurance will be responsible for the pricing and
bookkeeping services for the Prtfolios at an annualized rate of 0.06% of the
daily net assets of the Portfolios.  The Travelers Insurance Company, at its
expense, may appoint a sub-administrator to perform these services.  The
sub-administrator may be affiliated with The Travelers Insurance Company.


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L-11788A



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