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                                                JULY 1, 1998 SUPPLEMENT TO
                                                PROSPECTUSES DATED MAY 1, 1998

TRAVELERS SERIES TRUST


THE TRAVELERS SERIES TRUST PORTFOLIO PROSPECTUSES ARE AMENDED TO INCLUDE THE
FOLLOWING INTERAGENCY LEGEND:

Mutual fund shares are not deposits or obligations of, or guaranteed or
endorsed by, any bank, and are not federally insured by the Federal Deposit
Inssurance Corporation, the Federal Reserve Board, or any other agency.  Mutual
fund shares involve certain investment risks, including possible loss of
principal.  The net asset value of funds of this type will fluctuate from time
to time.


L-21251A                                                                   7/98



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