ITT HARTFORD LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT ON
485BPOS, 1995-05-01
Previous: ITT HARTFORD LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT ON, 485BPOS, 1995-05-01
Next: KEMPER GOV SEC TR GNMA SE 49 & 50 GNMAF SE 51 US TREY SE 52, 485BPOS, 1995-05-01



<PAGE>
   
                                                               File No. 33-56790
                       Securities and Exchange Commission
                                Washington, D.C.

                                    Form N-4

              Registration Statement Under the Securities Act of 1933

                   Pre-Effective Amendment No.          /   /
                                              -----

                   Post-Effective Amendment No.  5       / X /
                                               ------
                                      and/or
         Registration Statement Under the Investment Company Act of 1940
                                Amendment No.    5
                                              ------
                    (check appropriate box or boxes)
                 ITT Hartford Life and Annuity Insurance Company
                               Separate Account One
                           (Exact Name of Registrant)
               ITT Hartford Life and Annuity Insurance Corporation
                    (formerly ITT Life Insurance Corporation)
                               (Name of Depositor)
                                 Waterford Park
                             505 Highway, 169 North
                              Minneapolis, MN 55441
                   (Address of Depositor's Principal Offices)
                  Depositor's Telephone Number:  (612) 545-2100

                           Rodney J. Vessels, Esquire
                                  P.O. Box 5085
                            Hartford, CT  06102-5085
                     (Name and Address of Agent for Service)

Approximate Date of Proposed Public Offering:

As soon as practicable after the effective date of this Registration Statement.

It is proposed that this filing will become effective:

            immediately upon filing pursuant to paragraph (b) of Rule 485
     ------
       X    on (May 1, 1995) pursuant to paragraph (b)(1)(v) of Rule 485
     ------
            60 days after filing pursuant to paragraph (a)(1) of rule 485
     ------
            on May 1, 1995 pursuant to paragraph (a)(1) of Rule 485
     ------
            75 days after filing pursuant to paragraph (a)(2) of Rule 485
     ------
            on ___________ pursuant to paragraph (a)(2) of rule 485
     ------
    

<PAGE>


Calculation of Registration Fee Under Securities Act of 1933
- -------------------------------------------------------------------------------
Title of       Amount      Proposed Maximum  Proposed Maximum    Amount of
Securities     Being       Offering          Aggregate           Registration
 Being         Registered  Price Per Unit    Offering Price        Fee
Requested
- -------------------------------------------------------------------------------
                                                                 Paid
ITT Harford Life and       Pursuant to Regulation 270. 24f-2 under the
Annuity Insurance Company  Investment Company Act of 1940, Registrant
Separate Account One       hereby elects to register an indefinite
Units of Interest          number of units of interest in this Separate Account.
- -------------------------------------------------------------------------------
A Rule 24f-2 Notice for the Registrant's most recent fiscal year will be filed
on or about February 28, 1995.


<PAGE>


                                      - 3 -


                              SEPARATE ACCOUNT ONE

                              CROSS REFERENCE SHEET
                             PURSUANT TO RULE 495(a)


          N-4 Item No.                            Prospectus Heading
          ------------                            ------------------

     1.   Cover Page                              Cover Page

     2.   Definitions                             Glossary of Special Terms

     3.   Synopsis or Highlights                  Summary

     4.   Condensed Financial Information         Accumulation Unit Values;
                                                  Yield Information

     5.   General Description of Registrant       The Contract, Separate Account
                                                  One and the Fixed Account; ITT
                                                  Hartford Life and Annuity
                                                  Insurance Company and the
                                                  Funds; Miscellaneous

     6.   Deductions                              Charges Under the Contract

     7.   General Description of                  Operation of the Contract;
          Annuity Contracts                       Payment of Benefits; The
                                                  Contract, Separate Account One
                                                  and the Fixed Account

     8.   Annuity Period                          Payment of Benefits

     9.   Death Benefit                           Payment of Benefits; Operation
                                                  of the Contract

     10.  Purchases and Contract Value            Operation of the Contract

     11.  Redemptions                             Payment of Benefits

     12.  Taxes                                   Federal Tax Considerations


<PAGE>


                                      - 4 -


     13.  Legal Proceedings                       Miscellaneous - Are there any
                                                  material legal proceedings
                                                  affecting the Separate
                                                  Account?

     14.  Table of Contents to the Statement      Table of Contents to the
          of Additional Information               Statement of Additional
                                                  Information.


<PAGE>


                                      - 5 -







                                     PART A


<PAGE>


                                      - 6 -

                     ITT HARTFORD LIFE AND ANNUITY INSURANCE
                          COMPANY SEPARATE ACCOUNT ONE

This Prospectus describes the Director, individual and group tax-deferred
variable annuity Contracts designed for retirement planning purposes.

The Contracts are issued by ITT Hartford Life and Annuity Insurance Company
("ITT Hartford").  Payments for the Contracts will be held in a series of ITT
Hartford Life and Annuity Insurance Company Separate Account One (Separate
Account One or the "Separate Account") or in the Fixed Account of ITT Hartford.
Allocations to and transfers to and from the Fixed Account are not permitted in
certain states.

The following Sub-Accounts are available under the Contracts.  Opposite each
Sub-Account is the name of the underlying investment for that Sub-Account.

     Advisers Fund Sub-Account          - shares of Hartford Advisers Fund, Inc.
                                          ("Advisers Fund")
   
     Capital Appreciation Fund          - shares of Hartford Capital
                                          Appreciation Fund, Inc. (formerly
                                          "Hartford Aggressive Growth Fund,
                                          Inc.") ("Capital Appreciation Fund")
    

     Bond Fund Sub-Account              - shares of Hartford Bond Fund, Inc.
                                          ("Bond Fund")

     Dividend and Growth Fund           - shares of Hartford Dividend and Growth
     Sub-Account                          Fund, Inc. ("Dividend and Growth
                                          Fund")

     Index Fund Sub-Account             - shares of Hartford Index Fund, Inc.
                                          ("Index Fund")

     International Advisers Fund        - shares of Hartford International
     Sub-Account                          Advisers Fund, Inc.
                                          ("International Advisers Fund")

     International Opportunities        - shares of Hartford International
     Fund Sub-Account                     Opportunities Fund, Inc.
                                          ("International Opportunities Fund")

     Money Market Fund                  - shares of HVA Money Market Fund, Inc.
     Sub-Account                          ("Money Market Fund")

     Mortgage Securities Fund           - shares of Hartford Mortgage Securities
     Sub-Account                          Fund, Inc. ("Mortgage Securities
                                          Fund")

     Stock Fund Sub-Account             - shares of Hartford Stock Fund, Inc.
                                          ("Stock Fund")

This Prospectus sets forth the information concerning the Separate Account and
the Fixed Account, where available, that investors should know before investing.
This Prospectus should be kept for future reference.  Additional information
about the Separate Account and the Fixed Account has been filed with the
Securities and Exchange Commission and is available without charge upon request.
To obtain the Statement of Additional Information send a written request to ITT
Hartford Life and Annuity Insurance Company, Attn:  Individual Annuity
Operations, P.O.

<PAGE>


                                      - 7 -


Box 5085, Hartford, Connecticut  06102-5085.  The Table of Contents for the
Statement of Additional Information may be found on page _____ of this
Prospectus.  The Statement of Additional Information is incorporated by
reference to this Prospectus.
- -------------------------------------------------------------------------------
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS.  ANY REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.
- -------------------------------------------------------------------------------
VARIABLE ANNUITY Contracts ARE NOT DEPOSITS OR OBLIGATIONS OF, OR ENDORSED OR
GUARANTEED BY, ANY BANK, NOR ARE THEY FEDERALLY INSURED OR OTHERWISE PROTECTED
BY THE FDIC, THE FEDERAL RESERVE BOARD, OR ANY OTHER AGENCY; THEY ARE SUBJECT TO
INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED.
- -------------------------------------------------------------------------------
Prospectus Dated:  May 1, 1995
Statement of Additional Information Dated:  May 1, 1995


<PAGE>



                                      - 8 -


TABLE OF CONTENTS                                                           Page
- -----------------                                                           ----


GLOSSARY OF SPECIAL TERMS. . . . . . . . . . . . . . . . . . . .

FEE TABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . .

SUMMARY. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ACCUMULATION UNIT VALUES . . . . . . . . . . . . . . . . . . . .

PERFORMANCE RELATED INFORMATION. . . . . . . . . . . . . . . . .

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . .

THE CONTRACT, SEPARATE ACCOUNT ONE AND THE FIXED ACCOUNT

     What are the Contracts? . . . . . . . . . . . . . . . . . .

     Who can buy these Contracts?. . . . . . . . . . . . . . . .

     What is the Separate Account and how does it operate? . . .

     What is the Fixed Account and how does it operate?. . . . .

     May I transfer assets between Sub-Accounts? . . . . . . . .

     May I transfer assets between the Fixed Account and the Sub-Accounts?

OPERATION OF THE CONTRACT . . . . . . . . . . . . . . . . . . . . . . . . .

     How is my Premium Payment credited? . . . . . . . . . . . .

     What size Premium Payments must I make? . . . . . . . . . .

     What if I am not satisfied with my purchase?. . . . . . . .

     May I assign or transfer my contract? . . . . . . . . . . .

     How do I know what my contract is worth?. . . . . . . . . .

     How is the Accumulation Unit value determined?. . . . . . .


<PAGE>


                                      - 9 -

     How are the underlying Fund shares valued?. . . . . . . . .

     How is the value of the Fixed Account determined? . . . . .

PAYMENT OF BENEFIT . . . . . . . . . . . . . . . . . . . . . . .

     What would my Beneficiary receive as a death benefit? . . .

     How can a contract be redeemed or surrendered?. . . . . . .

     Can payment of a redemption, surrender or death benefit ever
       postponed beyond the seven day period?. . . . . . . . . .

     May I surrender once Annuity payments have started? . . . .

     What Annuity Commencement Date and Form of Annuity may I elect?

     What is the minimum amount that I may select for an Annuity payment?

     What are the available Annuity options under the Contracts?

     How are Annuity payments determined?. . . . . . . . . . . .

CHARGES UNDER THE CONTRACTS. . . . . . . . . . . . . . . . . . .

     How are the sales charges under the Contracts made? . . . .

     Is there ever a time when the sales charges do not apply? .

     What do the sales charges cover?. . . . . . . . . . . . . .

     What is the mortality and expense risk charge?. . . . . . .

     Are there any administrative charges? . . . . . . . . . . .

     How  much are the deductions for Premium Taxes? . . . . . .

ITT HARTFORD LIFE AND ANNUITY COMPANY AND THE FUNDS. . . . . . .

     What is ITT?. . . . . . . . . . . . . . . . . . . . . . . .

     What are the Funds? . . . . . . . . . . . . . . . . . . . .

<PAGE>


                                     - 10 -

     Does ITT have any interest in the Funds?. . . . . . . . . .

FEDERAL TAX CONSIDERATIONS . . . . . . . . . . . . . . . . . . .

     What are some of the federal tax consequences which affect these
       Contracts?. . . . . . . . . . . . . . . . . . . . . . . .

MISCELLANEOUS. . . . . . . . . . . . . . . . . . . . . . . . . .

     What are my voting rights?. . . . . . . . . . . . . . . . .

     Will other Contracts be participating in the Separate Account?

     How  are the Contracts sold?. . . . . . . . . . . . . . . .


     Who is the custodian of the Separate Account's assets?. . .

     Are there any material legal proceedings affecting the Separate Account?

     Who has passed on the legal matters affecting the Separate Account?

     Are you relying on any experts as to any portion of this Prospectus?

     How may I get additional information? . . . . . . . . . . .

APPENDIX I - Information Regarding Tax Qualified Plans . . . . .

TABLE OF CONTENTS FOR STATEMENT OF ADDITIONAL INFORMATION. . . .


<PAGE>

                                     - 11 -

                          GLOSSARY OF SPECIAL TERMS

ACCUMULATION UNIT:  An accounting unit of measure used to calculate values
before Annuity payments begin.

ANNUITANT:  The person or participant upon whose life the contract is issued.

ANNUITY:  A series of payments for life, or for life with a minimum number of
payments or a determinable sum guaranteed, or for a joint lifetime and
thereafter during the lifetime of the survivor, or for a designated period.

ANNUITY COMMENCEMENT DATE:  The date on which Annuity payments are to commence.
Under group unallocated Contracts, the date for each Participant is determined
by the Contract Owner in accordance with the terms of the Plan.  It will always
be the fifteenth of a calendar month.


ANNUITY UNIT:  An accounting unit of measure used to calculate the value of
Annuity payments.

BENEFICIARY:  The person(s) who receive Contract Values in the event of the
Annuitant's or Contract Owner's death under certain conditions.  Under a group
unallocated contract, the person named by the Participant within the Plan
documents/enrollment forms who is entitled to receive benefits in case of the
death of the Participant.

CODE:  The Internal Revenue Code of 1986, as amended.

COMMISSION:  Securities and Exchange Commission.

CONTINGENT ANNUITANT:  The person so designated by the Contract Owner, who upon
the Annuitant's death, prior to the Annuity Commencement Date, becomes the
Annuitant.

CONTRACT ANNIVERSARY:  The anniversary of the Contract Date.

CONTRACT OWNER(S):  The owner(s) of the contract, trustee or other entity,
sometimes herein referred to as "you".

CONTRACT VALUE:  The aggregate value of any Sub-Account Accumulation Units held
under the contract plus the value of the Fixed Account.

CONTRACT YEAR:  A period of 12 months commencing with the Contract Date or any
anniversary thereof.


<PAGE>


                                     - 12 -

FIXED ACCOUNT:  Part of the General Account of ITT Hartford to which a Contract
Owner may allocate all or a portion of his Premium Payment or Contract Value.

FIXED ACCOUNT ANNUITY:  An Annuity providing for guaranteed payments which
remain fixed in amount throughout the payment period and which do not vary with
the investment experience of a separate account.

FUNDS:  The Funds described commencing on page _____ of this Prospectus and any
additional Funds which may be made available from time to time.

GENERAL ACCOUNT:  The General Account of ITT Hartford which consists of all
assets of the ITT Hartford Life and Annuity Insurance Company other than those
allocated to the separate accounts of the ITT Hartford Life and Annuity
Insurance Company.


HOME OFFICE OF THE COMPANY:  Currently located at 200 Hopmeadow Street,
Simsbury, Connecticut 06089, for all variable annuity Contracts.  All
correspondence concerning this contract should be sent to P.O. Box 5085,
Hartford, Connecticut 06102-5085, Attn: Individual Annuity Operations.

ITT HARTFORD:  ITT Hartford Life and Annuity Insurance Company.

MINIMUM DEATH BENEFIT:  The minimum amount payable upon the death of a Contract
Owner, Annuitant or Participant, in the case of group Contracts prior to age 85
and before annuity payments have commenced.

PARTICIPANT:  For Group Unallocated Contracts Only) - Any eligible employee of
an Employer/Contract Owner participating in the Plan.

PLAN:  A voluntary Plan of an employer which qualifies for special tax treatment
under a Section of the Internal Revenue Code.

PREMIUM PAYMENT:  The payment made to ITT Hartford pursuant to the terms of the
contract.

PREMIUM TAX:  A tax on premiums charged by a state or municipality on Premium
Payments or Contract Values.

SEPARATE ACCOUNT:  The ITT Hartford separate account entitled "ITT Hartford Life
and Annuity Insurance Company Separate Account One".

SPECIFIED CONTRACT ANNIVERSARY:  Every seventh Contract Anniversary (i.e., the
7th, 14th, 21st, etc. Contract Anniversaries).


<PAGE>

                                     - 13 -

SUB-ACCOUNT:  Accounts established within the Separate Account with respect to a
Fund.

TERMINATION VALUE:  The Contract Value upon termination of the contract prior to
the Annuity Commencement Date, less any applicable Premium Taxes, the Annual
Maintenance Fee and any applicable contingent deferred sales charges.

UNALLOCATED CONTRACTS:  Contracts issued to employers, or other entity, as
Contract Owner under which no allocation of Contract Values is made for a
specific Participant.  The Plans will be responsible for the individual
allocations.

VALUATION DAY:  Every day the New York Stock Exchange is open for trading.  The
value of the Separate Account is determined at the close of the New York Stock
Exchange (currently 4:00 p.m. Eastern Time) on such days.

VALUATION PERIOD:  The period between the close of business on successive
Valuation Days.

VARIABLE ANNUITY:  An Annuity providing for payments varying in amount in
accordance with the investment experience of the assets of the Separate Account.


<PAGE>

<TABLE>
<CAPTION>

                    SUMMARY
          Contract Owner Transaction Expense
               (All sub Accounts)

<S>                                                                                       <C>

Sales Load Imposed on Purchases (as a percentage of premium payments). . . . . . . .       None
Exchange Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         0%
Deferred Sales Load (as a percentage of amounts withdrawn) . . . . . . . . . . . . .
     First Year (1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         7%
     Second Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         6%
     Third Year  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         5%
     Fourth Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         4%
     Fifth Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         3%
     Sixth Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         2%
     Seventh Year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         1%
     Eighth Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         0%
Annual Contract Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      $ 25 (2)

Annual Expenses - Separate Account
(as a percentage of average account value)
     Mortality and Expense Risk. . . . . . . . . . . . . . . . . . . . . . . . . . .     1.250%
</TABLE>


<TABLE>
<CAPTION>

               Annual Fund Operating Expense
               (as a percentage of net assets)

                                                                                       Total Fund
                                                            Management     Other       Operating
                                                               Fees        Expenses    Expenses
                                                            ----------     --------    ----------
<S>                                                           <C>          <C>          <C>
Hartford Bond Fund . . . . . . . . . . . . . . . . . .        0.500%       0.047%       0.547%
Hartford Stock Fund. . . . . . . . . . . . . . . . . .        0.462%       0.039%       0.501%
HVA Money Market Fund. . . . . . . . . . . . . . . . .        0.425%       0.049%       0.474%
Hartford Advisers Fund . . . . . . . . . . . . . . . .        0.615%       0.040%       0.655%
Hartford Capital Appreciation Fund . . . . . . . . . .        0.875%       0.045%       0.720%
Hartford Mortgage Securities Fund. . . . . . . . . . .        0.425%       0.052%       0.477%
Hartford Index Fund. . . . . . . . . . . . . . . . . .        0.375%       0.079%       0.454%
Hartford International Opportunities Fund. . . . . . .        0.725%       0.126%       0.851%
Hartford Dividend & Growth Fund. . . . . . . . . . . .        0.668%       0.166%       0.834%
Hartford International Advisers Fund (3) . . . . . . .        0.750%       0.250%       1.000%

<FN>

(1) Length of time from premium payment.

(2) The annual contract fee is a single $25 charge on a Contract. It is deducted proportionally
    from the investment options in use at the time of the charge. In the Example, the annual
    contract fee is approximated as a 0.07% annual asset charge based on the experience
    of the contract.

(3) Hartford International Advisers Fund is a new fund; operating expenses are based on
    annualized estimates of such expenses to be incurred in the current fiscal year.

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                                  If you surrender your contract at            If you annuitize at the end of the
                                                  the end of the applicable time period:       applicable time period:
                                                  You would pay the following expenses         You would pay the following expenses
                                                  on a $1,000 investment, assuming a 5%        on a $1,000 investment, assuming a 5%
                                                  annual return on assets:                     annual return 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>
Hartford Bond Fund . . . . . . . . . . . . .        $89      $109      $132      $220           $18       $58      $101       219
Hartford Stock Fund. . . . . . . . . . . . .         89       108       129       215            18        57        99       214
HVA Money Market Fund. . . . . . . . . . . .         88       107       128       212            18        56        97       211
Hartford Advisers Fund . . . . . . . . . . .         90       113       137       232            20        62       107       231
Hartford Capital Appreciation Fund . . . . .         91       115       141       239            20        64       110       238
Hartford Mortgage Securities Fund. . . . . .         88       107       128       213            18        56        97       212
Hartford Index Fund. . . . . . . . . . . . .         88       106       127       210            17        56        96       209
Hartford International Opportunities Fund. .         92       119       148       252            22        68       117       252
Hartford Dividend & Growth Fund. . . . . . .         92       118       147       251            21        67       116       250
Hartford International Advisers Fund . . . .         94       123       155       268            23        72       125       267


                                                  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>
Hartford Bond Fund . . . . . . . . . . . . .        $19       $59      $102       220
Hartford Stock Fund. . . . . . . . . . . . .         19        58        99       215
HVA Money Market Fund. . . . . . . . . . . .         18        57        98       212
Hartford Advisers Fund . . . . . . . . . . .         20        63       107       232
Hartford Capital Appreciation Fund . . . . .         21        65       111       239
Hartford Mortgage Securities Fund. . . . . .         18        57        98       213
Hartford Index Fund. . . . . . . . . . . . .         18        56        97       210
Hartford International Opportunities Fund. .         22        69       118       252
Hartford Dividend & Growth Fund. . . . . . .         22        68       117       251
Hartford International Advisers Fund . . . .         24        73       125       268

</TABLE>

The purpose of this table is to assist the contract owner in understanding
various costs and expenses that a contract owner will bear directly or
indirectly.  The table reflects expenses of the Separate Account and underlying
Funds.  Premium taxes may also be applicable.
     This EXAMPLE should not be considered a representation of passed or
future expenses and actual expenses may be greater or less than those shown.

<PAGE>

<TABLE>
<CAPTION>

                              ACCUMULATION UNIT VALUES

               (For an accumulation unit outstanding throughout the period)


The following information has been examined by Arthur Andersen LLP, independent public accountants,
whose report thereon is included in the Statement of Additional Information, which is incorporated by
reference to this Prospectus.

                                                              Year Ended December 31,
                                                            ------------------------------
                                                                1994          1993
                                                                ----          ----
<S>                                                         <C>            <C>
BOND FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     1,694     $      1,000 (a)
Accumulation unit value at end of period . . . . . . .      $     1,607     $      1,694
Number of accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .           33,590           23,803
STOCK FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     2,250     $      1,000 (a)
Accumulation unit value at end of period . . . . . . .      $     2,180     $      2,250
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .          110,928           60,431
MONEY MARKET FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     1,424     $      1,000 (a)
Accumulation unit value at end of period . . . . . . .      $     1,462     $      1,424
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .           30,871           14,881
ADVISERS FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     2,072     $      1,000 (a)
Accumulation unit value at end of period . . . . . . .      $     1,991     $      2,072
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .          414,318          244,980
CAPITAL APPRECIATION FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     2.583     $      1.000 (a)
Accumulation unit value at end of period . . . . . . .      $     2.615     $      2.583
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .          116,535           58,645
MORTGAGE SECURITIES FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     1.685     $      1.000 (a)
Accumulation unit value at end of period . . . . . . .      $     1.637     $      1.685
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .           29,674           28,380
INDEX FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     1.755     $      1.000 (a)
Accumulation unit value at end of period . . . . . . .      $     1.750     $      1.755
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .           12,030            7,491
INTERNATIONAL OPPORTUNITIES FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     1.220     $      1.000 (a)
Accumulation unit value at end of period . . . . . . .      $     1.181     $      1.220
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .          175,763           66,084
DIVIDEND & GROWTH FUND SUB-ACCOUNT
Accumulation unit value at beginning of period . . . .      $     1.000 (b)
Accumulation unit value at end of period . . . . . . .      $     1.009
Number accumulation units outstanding at end of period
  (in thousands) . . . . . . . . . . . . . . . . . . .           21,973

<FN>
(a) Inception date May 1, 1993.
(b) Inception date March 8, 1994.

</TABLE>




<PAGE>

                                     - 15 -

                                   SUMMARY

A.   CONTRACTS OFFERED

     Individual and group tax-deferred Variable Annuity Contracts (see "C.
     Taxation of Annuities in General," page ____).  Generally, the Contracts
     are purchased by completing an application or an order to purchase a
     contract and submitting it, along with the initial Premium Payment, to ITT
     Hartford for its approval.  A Contract Owner may at any time, within 10
     days of delivery of a contract sold hereunder, return the contract to ITT
     Hartford at its Home Office and the value of the contract (without
     deduction for any charges normally assessed thereunder) will be refunded.
     The Contract Owner bears the investment risk during the period prior to the
     Company's receipt of request for cancellation except for Contract Owners in
     Georgia, North Carolina, South Carolina, Washington, West Virginia, Utah,
     and other states where required by law, who will be refunded the premium
     (see "How is my Premium Payment credited?" page ___).

B.   ELIGIBLE PURCHASERS

     Any individual, group or trust may purchase the Contract including any
     trustee or custodian for a retirement plan which qualifies for special
     Federal tax treatment under the Internal Revenue Code, including individual
     retirement annuities ("Qualified Contracts").   (See "Federal Tax
     Considerations" commencing on page ___ and Appendix II commencing on
     page ____.)

C.   MINIMUM PREMIUM PAYMENTS

     The minimum initial Premium Payment is $2,000.  Thereafter, the minimum
     payment is $500.  Certain plans or programs may make smaller periodic
     premium payments.  (See "What size Premium Payments must I make?"
     page____.)

D.   UNDERLYING INVESTMENTS FOR CONTRACTS
   
     Hartford Advisers Fund, Inc.,Hartford Capital Appreciation Fund, Inc.,
     Hartford Bond Fund, Inc., Hartford Dividend and Growth Fund, Hartford Index
     Fund, Inc., Hartford International Advisers Fund, Inc., Hartford
     International Opportunities Fund, Inc., Hartford Mortgage Securities Fund,
     Inc., Hartford Stock Fund, Inc., HVA Money Market Fund, Inc., 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.  Qualified Contracts
     issued prior to May 1, 1987 may also have shares of Hartford U.S.
     Government Money Market Fund, Inc.
    


<PAGE>

                                     - 16 -

E.   CHARGES UNDER THE CONTRACTS

     1.   SALES EXPENSES

          There is no deduction for sales expenses from Premium Payments when
          made.  However, a contingent deferred sales charge may be assessed
          against Contract Values when they are surrendered.  (See "Charges
          under the Contracts" commencing on page ___.)

          The length of time from receipt of a Premium Payment to the time of
          surrender determines the contingent deferred sales charge.  For this
          purpose, Premium Payments will be deemed to be surrendered in the
          order in which they are received and all surrenders will be first from
          Premium Payments and then from other Contract Values.  The charge is a
          percentage of the amount withdrawn (not to exceed the aggregate amount
          of the Premium Payments made) and equals:

               CHARGE    LENGTH OF TIME FROM PREMIUM PAYMENT
               ------    -----------------------------------
                              (NUMBER OF YEARS)
                              -----------------

                 7%                1
                 6%                2
                 5%                3
                 4%                4
                 3%                5
                 2%                6
                 1%                7
                 0%                8 or more

          No contingent deferred sales charge will be assessed in the event of
          death of the Annuitant or Contract Owner, or upon the exercise of the
          withdrawal privilege or if Contract Values are applied to an Annuity
          option provided for under the contract (except that a surrender out of
          an Annuity Option Four will be subject to a contingent deferred sales
          charge where applicable).  (See "Is there ever a time when the sales
          charges do not apply?"  commencing on page     .)

     2.   WITHDRAWAL PRIVILEGE

          Withdrawals of up to 10% per year, on a non-cumulative basis, of the
          Premium Payments made to a contract may be made without the imposition
          of the contingent deferred sales charge.  (See "Is there ever a time
          when the sales charges do not apply?" commencing on page ____.)


<PAGE>

                                     - 17 -

     3.   ANNUAL MAINTENANCE FEE

          The Contracts provide for an administrative charge in the amount of
          $25.00 to be deducted from Contract Values each Contract Year (not
          applicable to Contracts with Account Values of $50,000 or more).  (See
          "Are there any administrative charges?" commencing on page ____.)

     4.   MORTALITY AND EXPENSE RISKS

          For assuming the mortality and expense risks under the Contracts, ITT
          Hartford will make a 1.25% per annum charge against all Contract
          Values held in the Separate Account, except the Fixed Account.  (See
          "What is the mortality and expense risk charge?" commencing on page
          _____.)

     5.   PREMIUM TAXES

          A deduction will be made for Premium Taxes for Contracts sold in
          certain states.  (See "How much are the deductions for Premium Taxes?"
          commencing on page ____.)

     6.   CHARGES BY THE FUNDS

          The Funds are subject to certain fees, charges and expenses (see the
          Prospectus for the Funds attached hereto).

F.   LIQUIDITY

     Subject to any applicable charges, the Contracts may be surrendered, or
     portions of the value of such Contracts may be withdrawn, at any time prior
     to the Annuity Commencement Date.  However, if less than $1,000 remains in
     a contract as a result of a withdrawal, ITT Hartford may terminate the
     contract in its entirety.  (See "How can a contract be redeemed or
     surrendered?" commencing on page ____.)

G.   MINIMUM DEATH BENEFITS

     A Minimum Death Benefit is provided in the event of death of the Annuitant
     or Contract Owner prior to age 85 and before Annuity payments have
     commenced.  (See "What would my Beneficiary receive as a death benefit?"
     commencing on page ____.)

H.   ANNUITY OPTIONS

     The Annuity Commencement Date may not be deferred beyond the Annuitant's
     90th


<PAGE>

                                     - 18 -

birthday, except in certain states, where the Annuitant's Commencement Date may
not be deferred beyond the Annuitant's 85th birthday.  If a Contract Owner does
not elect otherwise, the Contract Value (less applicable Premium Taxes) will be
applied on the Annuity Commencement Date under the second option to provide a
life annuity with 120 monthly payments certain.  (See "What Annuity Commencement
Date and Form of Annuity may I elect?" commencing on page ___.)

I.   VOTING RIGHTS OF CONTRACT OWNERS

     Contract Owners will have the right to vote on matters affecting the
     underlying Fund to the extent that proxies are solicited by such Fund.  If
     a Contract Owner does not vote, ITT Hartford shall vote such interest in
     the same proportion as shares of the Fund for which instructions have been
     received by ITT Hartford.  (See "What are my voting rights?" commencing on
     page ____.)

                         PERFORMANCE RELATED INFORMATION

The Separate Account may advertise certain performance related information
concerning its Sub-Accounts.  Performance information about a Sub-Account is
based on the Sub-Account's past performance only and is no indication of future
performance.
   
The Advisers Fund, Capital Appreciation Fund, The Bond Fund, Dividend and Growth
Fund, Index Fund, International Advisers Fund, International Opportunities Fund,
Money Market Fund, Mortgage Securities Fund, Stock Fund, and U.S. Government
Money Market Fund Sub-Accounts, may include total return in advertisements or
other sales material.
    
When a Sub-Account advertises its standardized total return, it will usually be
calculated for one year, five years, and ten years or some other relevant
periods if the Sub-Account has not been in existence for at least ten years.
Total return is measured by comparing the value of an investment in the
Sub-Account at the beginning of the relevant period to the value of the
investment at the end of the period (assuming the deduction of any contingent
deferred sales charge which would be payable if the investment were redeemed at
the end of the period).

In addition to the standardized total return, the Sub-Account may advertise a
non-standardized total return.  This figure will usually be calculated for one
year, five years, and ten years or other periods. Non-standardized total return
is measured in the same manner as the standardized total return described above,
except that the contingent deferred sales charge and the Annual Maintenance Fee
are not deducted.  Therefore, non-standardized total return for a Sub-Account is
higher than standardized total return for a Sub-Account.

The Bond Fund and Mortgage Securities Fund Sub-Accounts may advertise yield in
addition to total return.  The yield will be computed in the following manner:
The net investment income


<PAGE>

                                     - 19 -

per unit earned during a recent one month period is divided by the unit value on
the last day of the period.  This figure reflects the recurring charges at the
Separate Account level including the Annual Maintenance Fee.

The Money Market Fund and U.S. Government Money Market Sub-Accounts may
advertise yield and effective yield.  The yield of a Sub-Account is based upon
the income earned by the Sub-Account over a seven-day period and then
annualized, i.e. the income earned in the period is assumed to be earned every
seven days over a 52-week period and stated as a percentage of the investment.
Effective yield is calculated similarly but when annualized, the income earned
by the investment is assumed to be reinvested in Sub-Account units and thus
compounded in the course of a 52-week period.  Yield and effective yield reflect
the recurring charges at the Separate Account level including the Annual
Maintenance Fee.

The Separate Account may also disclose yield, standard total return, and
non-standard total return for periods prior to the date the Separate Account
commenced operations.  For periods prior to the date the Separate Account
commenced operations, performance information for the Sub-Accounts will be
calculated based on the performance of the underlying Funds and the assumption
that the Sub-Accounts were in existence for the same periods as those of the
underlying Funds, with a level of charges equal to those currently assessed
against the Sub-Accounts.

                                  INTRODUCTION

This Prospectus has been designed to provide you with the necessary information
to make a decision on purchasing an individual or group tax-deferred Variable
Annuity contract offered by ITT Hartford in the Fixed Account and/or a series of
Separate Account One.  This Prospectus describes only the elements of the
Contracts pertaining to the Separate Account and the Fixed Account except where
reference to the General Account is specifically made.  Please read the Glossary
of Special Terms on pages___  and ___  prior to reading this Prospectus to
familiarize yourself with the terms being used.

                                  THE CONTRACT,
                   SEPARATE ACCOUNT ONE, AND THE FIXED ACCOUNT

What are the Contracts?
   
     The contract is an individual or group tax-deferred Variable Annuity
     contract designed for retirement planning purposes.  Initially there are no
     deductions from your Premium Payments (except for Premium Taxes, if
     applicable) so your entire Premium Payment is put to work in the investment
     Sub-Account(s) of your choice or the Fixed Account.  Currently, there are
     ten Sub-Accounts, each investing in a different underlying Fund with its
     own distinct investment objectives.  More Sub-Accounts may be made
     available by ITT
    


<PAGE>

                                     - 20 -

     Hartford at a later time.  You pick the Sub-Account(s) with the investment
     objectives that meet your needs.  You may select one or more Sub-Accounts
     and/or the Fixed Account and determine the percentage of your Premium
     Payment that is put into a Sub-Account or the Fixed Account.  You may also
     transfer assets among the Sub-Accounts and the Fixed Account so that your
     investment program meets your specific needs over time.  There are some
     limitations on the amounts in each Sub-Account and the Fixed Account.
     These limitations are described later in this Prospectus.  In addition,
     there are certain other limitations on withdrawals and transfers of amounts
     in the Sub-Accounts and the Fixed Account, as described in this Prospectus.
     (See "Charges Under the Contract" for a description of the charges for
     redeeming a contract and other charges made under the contract.)

     Generally, the Contract contains the five optional Annuity forms described
     later in this Prospectus.  Options 2, 4 and 5 are available with respect to
     Qualified Contracts only if the guaranteed payment period is less than the
     life expectancy of the Annuitant at the time the option becomes effective.
     Such life expectancy shall be computed on the basis of the mortality table
     prescribed by the IRS, or if none is prescribed, the mortality table then
     in use by ITT Hartford.

     The Contract Owner may select an Annuity Commencement Date and an Annuity
     option which may be on a fixed or variable basis, or a combination thereof.
     The Annuity Commencement Date may not be deferred beyond the Annuitant's
     90th birthday, except in certain states, where the Annuity Commencement
     Date may not be deferred beyond the Annuitant's 85th birthday.

     The Annuity Commencement Date and/or the Annuity option may be changed from
     time to time, but any such change must be made at least 30 days prior to
     the date on which Annuity payments are scheduled to begin.  If you do not
     elect otherwise, payments will begin at the Annuitant's age 90 under Option
     2 with 120 monthly payments certain (Option 1 for Texas Contracts).

     When an Annuity is effected under a contract, unless otherwise specified,
     Contract Values held in the Sub-Accounts will be applied to provide a
     Variable Annuity based on the pro rata amount in the various Sub-Accounts.
     Fixed Account Contract Values will be applied to provide a Fixed Account
     Annuity.  Variable Annuity payments will vary in accordance with the
     investment performance of the Sub-Accounts you have selected.  You should
     consider the question of allocation of Contract Values among Sub-Accounts
     of the Separate Account and the General Account of ITT Hartford to make
     certain that Annuity payments are based on the investment alternative best
     suited to your needs for retirement.  The contract allows the Contract
     Owner to change the Sub-Accounts on which variable payments are based after
     payments have commenced once every three (3) months.  Any Fixed Account
     Annuity allocation may not be changed.


<PAGE>

                                     - 21 -

     ITT Hartford reserves the right to modify the contract, but only if such
     modification: (i) is necessary to make the Contract or the Separate Account
     comply with any law or regulation issued by a governmental agency to which
     ITT Hartford is subject; or (ii) is necessary to assure continued
     qualification of the Contract under the Code or other federal or state laws
     relating to  retirement annuities or annuity Contracts; or (iii) is
     necessary to reflect a change in the operation of the Separate Account or
     the Sub-Account(s) or (iv) provides additional Separate Account options or
     (v) withdraws Separate Account options.  In the event of any such
     modification ITT Hartford will provide notice to the Contract Owner or to
     the payee(s) during the Annuity period.  ITT Hartford may also make
     appropriate endorsement in the contract to reflect such modification.

Who can buy these Contracts?

     The individual and group Variable Annuity Contracts offered under this
     Prospectus may be purchased by any individual or by a trustee or custodian
     for a retirement plan qualified under Sections 401(a) or 403(a) of the
     Internal Revenue Code; annuity purchase plans adopted by public school
     systems and certain tax-exempt organizations according to Section 403(b) of
     the Internal Revenue Code; Individual Retirement Annuities adopted
     according to Section 408 of the Internal Revenue Code; employee pension
     plans established for employees by a state, a political subdivision of a
     state, or an agency or instrumentality of either a state or a political
     subdivision of a state, and certain eligible deferred compensation plans as
     defined in Section 457 of the Internal Revenue Code ("Qualified
     Contracts").

What is the Separate Account and how does it operate?

     The Separate Account was established on May 20, 1991, in accordance with
     authorization by the Board of Directors of ITT Hartford.  It is the
     Separate Account in which ITT Hartford sets aside and invests the assets
     attributable to variable annuity Contracts, including the Contracts sold
     under this Prospectus.  Although the Separate Account is an integral part
     of ITT Hartford, it is registered as a unit investment trust under the
     Investment Company Act of 1940.  This registration does not, however,
     involve Securities and Exchange Commission supervision of the management or
     the investment practices or policies of the Separate Account or ITT
     Hartford.  The Separate Account meets the definition of "separate account"
     under federal securities law.

     Under Wisconsin law, the assets of the Separate Account attributable to the
     Contracts offered under this Prospectus are held for the benefit of the
     owners of, and the persons entitled to payments under, those Contracts.
     Income, gains, and losses, whether or not realized, from assets allocated
     to the Separate Account, are, in accordance with the Contracts, credited to
     or charged against the Separate Account.  Also, the assets in the


<PAGE>

                                     - 22 -

     Separate Account are not chargeable with liabilities arising out of any
     other business ITT Hartford may conduct.  So, Contract Values allocated to
     the Sub-Accounts will not be affected by the rate of return of ITT
     Hartford's General Account, nor by the investment performance of any of ITT
     Hartford's other separate accounts.  However, all obligations arising under
     the Contracts are general corporate obligations of ITT Hartford.

     Your investment in the Separate Account is allocated to one or more
     Sub-Accounts as per your specifications.  Each Sub-Account is invested
     exclusively in the assets of one underlying Fund.  Net Premium Payments and
     proceeds of transfers between Sub-Accounts are applied to purchase shares
     in the appropriate Fund at net asset value determined as of the end of the
     Valuation Period during which the payments were received or the transfer
     made.  All distributions from the Fund are reinvested at net asset value.
     The value of your investment will therefore vary in accordance with the net
     income and fluctuation in the individual investments within the underlying
     Fund portfolio or portfolios.  During the Variable Annuity payout period,
     both your Annuity payments and reserve values will vary in accordance with
     these factors.

     ITT Hartford does not guarantee the investment results of the Sub-Accounts
     or any of the underlying investments.  There is no assurance that the value
     of a contract during the years prior to retirement or the aggregate amount
     of the Variable Annuity payments will equal the total of Premium Payments
     made under the contract.  Since each underlying Fund has different
     investment objectives, each is subject to different risks.  These risks are
     more fully described in the accompanying Fund Prospectus.

     ITT Hartford reserves the right, subject to compliance with the law, to
     substitute the shares of any other registered investment company for the
     shares of any Fund held by the Separate Account.  Substitution may occur
     only if shares of the Fund(s) become unavailable or if there are changes in
     applicable law or interpretations of law.  Current law requires
     notification to you of any such substitution and approval of the
     Commission.

     The Separate Account may be subject to liabilities arising from a Series of
     the Separate Account whose assets are attributable to other variable
     annuity Contracts or variable life insurance policies offered by the
     Separate Account which are not described in this Prospectus.

What is the Fixed Account and how does it operate?

     THAT PORTION OF THE CONTRACT RELATING TO THE FIXED ACCOUNT IS NOT
     REGISTERED UNDER THE SECURITIES ACT OF 1933 ("1933 ACT") AND THE FIXED
     ACCOUNT IS NOT REGISTERED AS AN INVESTMENT COMPANY UNDER THE INVESTMENT
     COMPANY ACT OF 1940 ("1940 ACT").  ACCORDINGLY, NEITHER THE FIXED ACCOUNT
     NOR ANY INTERESTS


<PAGE>

                                     - 23 -

     THEREIN ARE SUBJECT TO THE PROVISIONS OR RESTRICTIONS OF THE 1933 ACT OR
     THE 1940 ACT, AND THE DISCLOSURE REGARDING THE FIXED ACCOUNT HAS NOT BEEN
     REVIEWED BY THE STAFF OF THE SECURITIES AND EXCHANGE COMMISSION.  THE
     FOLLOWING DISCLOSURE ABOUT THE FIXED ACCOUNT MAY BE SUBJECT TO CERTAIN
     GENERALLY APPLICABLE PROVISIONS OF THE FEDERAL SECURITIES LAWS REGARDING
     THE ACCURACY AND COMPLETENESS OF DISCLOSURE.

     Premium Payments and Contract Values allocated to the Fixed Account become
     a part of the general assets of ITT Hartford.  ITT Hartford invests the
     assets of the General Account in accordance with applicable law governing
     the investments of Insurance Company General Accounts.

     Currently, ITT Hartford guarantees that it will credit interest at a rate
     of not less than 3% per year, compounded annually, to amounts allocated to
     the Fixed Account under the Contracts.  However, ITT Hartford reserves the
     right to change the rate according to state insurance law.  ITT Hartford
     may credit interest at a rate in excess of 3% per year; however, ITT
     Hartford is not obligated to credit any interest in excess of 3% per year.
     There is no specific formula for the determination of excess interest
     credits.  Some of the factors that ITT Hartford may consider in determining
     whether to credit excess interest to amounts allocated to the Fixed Account
     and the amount thereof, are general economic trends, rates of return
     currently available and anticipated on ITT Hartford's investments,
     regulatory and tax requirements and competitive factors.  ANY INTEREST
     CREDITED TO AMOUNTS ALLOCATED TO THE FIXED ACCOUNT IN EXCESS OF 3% PER YEAR
     WILL BE DETERMINED IN THE SOLE DISCRETION OF  ITT HARTFORD.  THE OWNER
     ASSUMES THE RISK THAT INTEREST CREDITED TO FIXED ACCOUNT ALLOCATIONS MAY
     NOT EXCEED THE MINIMUM GUARANTEE OF 3% FOR ANY GIVEN YEAR.

May I transfer assets between Sub-Accounts?

     You may transfer the values of your Sub-Account allocations from one or
     more Sub-Accounts to another free of charge.  However, ITT Hartford
     reserves the right to limit the number of transfers to twelve (12) per
     Contract Year, with no two (2) transfers occurring on consecutive Valuation
     Days.  Transfers by telephone may be made by calling (800) 862-6668.
     Telephone transfers may not be permitted by some states for their residents
     who purchase variable annuities.

     ITT Hartford may permit the Contract Owner to preauthorize transfers among
     Sub-Accounts and between Sub-Accounts and the Fixed Account under certain
     circumstances.  The policy of ITT Hartford and its agents and affiliates is
     that they will not be responsible for losses resulting from acting upon
     telephone requests reasonably believed to be


<PAGE>

                                     - 24 -

     genuine.  ITT Hartford will employ reasonable procedures to confirm that
     instructions communicated by telephone are genuine; otherwise, ITT Hartford
     may be liable for any losses due to unauthorized or fraudulent
     instructions.  The procedures ITT Hartford follows for transactions
     initiated by telephone include requirements that callers on behalf of a
     Contract Owner identify themselves and the Contract Owner by name and
     social security number.  All transfer instructions by telephone are tape
     recorded.

     Subject to the exceptions set forth in the following paragraph the right to
     reallocate Contract Values between the Sub-Accounts is subject to
     modification if ITT Hartford determines, in its sole opinion, that the
     exercise of that right by one or more Contract Owners is, or would be, to
     the disadvantage of other Contract Owners.  Any modification could be
     applied to transfers to or from some or all of the Sub-Accounts and could
     include, but not be limited to, the requirement of a minimum time period
     between each transfer, not accepting transfer requests of an agent acting
     under a power of attorney on behalf of more than one Contract Owner, or
     limiting the dollar amount that may be transferred between the Sub-Accounts
     and the Fixed Account by a Contract Owner at any one time.  Such
     restrictions may be applied in any manner reasonably designed to prevent
     any use of the transfer right which is considered by ITT Hartford to be to
     the disadvantage of other Contract Owners.

     For Contracts issued in the State of New York, the reservation of rights
     set forth in the preceding paragraph is limited to (i) requiring up to a
     maximum of 10 Valuation Days between each transfer: (ii) limiting the
     amount to be transferred on any one Valuation Day to no more than $2
     million; and (iii) upon 30 days prior written notice, to only accepting
     transfer instructions from the Contract Owner and not from the Contract
     Owner's representative, agent or person acting under a power of attorney
     for the Contract Owner.

     Currently, and with respect to Contracts issued in all states, the only
     restriction in effect is that ITT Hartford will not accept instructions
     from agents acting under a power of attorney of multiple Contract Owners
     whose accounts aggregate more than $2 million, unless the agent has entered
     into a third party transfer services agreement with Hartford.

     Transfers between the Sub-Accounts may be made both before and after
     Annuity payments commence (limited to once a quarter) provided that the
     minimum allocation to any Sub-Account may not be less than $500.  No
     minimum balance is required in any Sub-Account.

May I transfer assets between the Fixed Account and the Sub-Accounts?

     Subject to the restrictions set forth above, transfers from the Fixed
     Account into a Sub-Account may be made at any time during the Contract
     Year.  The maximum amount which may be transferred from the Fixed Account
     during any Contract Year is the greater



<PAGE>

                                     - 25 -

     of 30% of the Fixed Account balance as of the last Contract Anniversary or
     the greatest amount of any prior transfer from the Fixed Account.  If ITT
     Hartford permits preauthorized transfers from the Fixed Account to the
     Sub-Accounts, this restriction is inapplicable.  Also, if any interest rate
     is renewed at a rate of at least one percentage point less than the
     previous rate, the Contract Owner may elect to transfer up to 100% of the
     funds receiving the reduced rate within 60 days of notification of the
     interest rate decrease.  Generally, transfers may not be made from any
     Sub-Account into the Fixed Account for the six-month period following any
     transfer from the Fixed Account into one or more of the Sub-Accounts.  ITT
     Hartford reserves the right to defer transfers from the Fixed Account for
     up to six months from the date of request.

                            OPERATION OF THE CONTRACT

How is my Premium Payment credited?

     The balance of each initial Premium Payment remaining after the deduction
     of any applicable Premium Tax is credited to your contract within two
     business days of receipt of a properly completed application or an order to
     purchase a contract and the initial Premium Payment by ITT Hartford at its
     Home Office, 505 N. Highway 169, Minneapolis, Minnesota, 55441-0000.  It
     will be credited to the Sub-Account(s) and/or the Fixed Account in
     accordance with your election.  If the application or other information is
     incomplete when received, the balance of each initial Premium Payment,
     after deduction of any applicable Premium Tax, will be credited to the
     Sub-Account(s) or the Fixed Account within five business days of receipt.
     If the initial Premium Payment is not credited within five business days,
     the Premium Payment will be immediately returned unless you have been
     informed of the delay and request that the Premium Payment not be returned.

     The number of Accumulation Units in each Sub-Account to be credited to a
     contract will be determined by dividing the portion of the Premium Payment
     being credited to each Sub-Account by the value of an Accumulation Unit in
     that Sub-Account on that date.

     Subsequent Premium Payments are priced on the Valuation Day received by ITT
     Hartford in its Home Office, or other designated administrative offices.

What size Premium Payments must I make?

     The minimum initial Premium Payment is $2,000.  Thereafter, the minimum
     Premium Payment is $500.  Certain plans may make smaller periodic payments.
     Each Premium Payment may be split among the various Sub-Accounts and/or the
     Fixed Account subject to minimum amounts then in effect.


<PAGE>

                                     - 26 -

What if I am not satisfied with my purchase?

     If you are not satisfied with your purchase you may surrender the contract
     by returning it within ten days (or longer is some states) after you
     receive it.  A written request for cancellation must accompany the
     contract.  In such event, ITT Hartford will, without deduction for any
     charges normally assessed thereunder, pay you an amount equal to the sum of
     (i) the difference between the Premium Payment and the amounts allocated to
     the Sub-Account(s) and/or the Fixed Account under the contract and (ii)
     the value of the contract on the date of surrender attributable to the
     amounts so allocated.  You bear the investment risk during the period prior
     to the Company's receipt of request for cancellation.  ITT Hartford will
     refund the premium paid only for individual retirement annuities (if
     returned within seven days of receipt) and in those states where required
     by law.

May I assign or transfer my contract?

     Ownership of a contract described herein is generally assignable.  However,
     if the Contracts are issued pursuant to some form of Qualified Plan, it is
     possible that the ownership of the Contracts may not be transferred or
     assigned depending on the type of qualified retirement plan involved.  An
     assignment of a Non-Qualified contract may subject the assignment proceeds
     to income taxes and certain penalty taxes.  (See "Taxation of Annuities in
     General - Non-Tax Qualified Purchasers" commencing on page    .)

How do I know what my contract is worth?

     The value of the Sub-Account investments under your contract at any time
     prior to the commencement of Annuity payments can be determined by
     multiplying the total number of Accumulation Units credited to your
     contract in each Sub-Account by the then current Accumulation Unit values
     for the applicable Sub-Account.  The value of the Fixed Account under your
     contract will be the amount allocated to the Fixed Account plus interest
     credited.  You will be advised at least semiannually of the number of
     Accumulation Units credited to each Sub-Account, the current Accumulation
     Unit values, the Fixed Account value, and the total value of your contract.

How is the Accumulation Unit value determined?

     The Accumulation Unit value for each Sub-Account will vary to reflect the
     investment experience of the applicable Fund and will be determined on each
     Valuation Day by multiplying the Accumulation Unit value of the particular
     Sub-Account on the preceding Valuation Day by a "Net Investment Factor" for
     that Sub-Account for the Valuation Period then ended.  The "Net Investment
     Factor" for each of the Sub-Accounts is equal to the net asset value per
     share of the corresponding Fund at the end of the Valuation Period


<PAGE>

                                     - 27 -

     (plus the per share amount of any dividends or capital gains distributed by
     that Fund if the ex-dividend date occurs in the Valuation Period then
     ended) divided by the net asset value per share of the corresponding Fund
     at the beginning of the Valuation Period.  You should refer to the
     Prospectus for each of the Funds which accompanies this Prospectus for a
     description of how the assets of each Fund are valued since each
     determination has a direct bearing on the Accumulation Unit value of the
     Sub-Account and therefore the value of a contract.  The Accumulation Unit
     Value is affected by the performance of the underlying Fund(s), expenses
     and deduction of the charges described in this Prospectus.


How are the underlying Fund shares valued?

     The shares of the Fund are valued at net asset value on each Valuation Day.
     A complete description of the valuation method used in valuing Fund shares
     may be found in the accompanying Prospectus of the Funds.

How is the value of the Fixed Account determined?

     ITT Hartford will determine the value of the Fixed Account by crediting
     interest to amounts allocated to the Fixed Account.  The minimum Fixed
     Account interest rate is 3%, compounded annually.  ITT Hartford may credit
     a lower minimum interest rate according to state law.  ITT Hartford, also,
     may credit interest at rates greater than the minimum Fixed Account
     interest rate.

                               PAYMENT OF BENEFITS

What would my Beneficiary receive as a death benefit?

     The Contracts provide that in the event the Annuitant dies before the
     selected Annuity Commencement Date, the Contingent Annuitant will become
     the Annuitant.  If the Annuitant dies before the Annuity Commencement Date
     and either (a) there is no designated Contingent Annuitant, (b) the
     Contingent Annuitant predeceases the Annuitant, or (c) if any Contract
     Owner dies before the Annuity Commencement Date, the Beneficiary as
     determined under the Contract Control Provisions, will receive the Minimum
     Death Benefit as determined on the date of receipt of due proof of death by
     ITT Hartford in its Home Office.  With regard to Joint Contract Owners, at
     the first death of a joint Contract Owner prior to the Annuity Commencement
     Date, the Beneficiary will be the surviving Contract Owner notwithstanding
     that the beneficiary designation may be different.

     However, if, upon death prior to the Annuity Commencement Date, the
     Annuitant or Contract Owner, as applicable, had not attained his 85th
     birthday, the Beneficiary will receive the greater of (a) the Contract
     Value determined as of the day written proof of


<PAGE>

                                     - 28 -

     death of such person is received by ITT Hartford, or (b) 100% of the total
     Premium Payments made to such contract, reduced by any prior surrenders, or
     (c) the Contract Value on the Specified Contract Anniversary immediately
     preceding the date of death, increased by the dollar amount of any Premium
     Payments made and reduced by the dollar amount of any partial terminations
     since the immediately preceding Specified Contract Anniversary.

     If the deceased, the Annuitant or Contract Owner, as applicable, had
     attained age 85, then the Death Benefit will equal the Contract Value.

     Death Benefit proceeds will remain invested in the Separate Account in
     accordance with the allocation instructions given by the Certificate Owner
     until the proceeds are paid or ITT Hartford receives new instructions from
     the Beneficiary.  The death benefit may be taken in one sum, payable within
     7 days after the date Due Proof of Death is received, or under any of the
     settlement options then being offered by the Company provided, however,
     that:  (a) in the event of the death of any Contract Owner prior to the
     Annuity Commencement Date, the entire interest in the Contract will be
     distributed within 5 years after the death of the Contract Owner and (b) in
     the event of the death of any Contract Owner or Annuitant which occurs on
     or after the Annuity Commencement Date, any remaining interest in the
     Contract will be paid at least as rapidly as under the method of
     distribution in effect at the time of death, or, if the benefit is payable
     over a period not extending beyond the life expectancy of the Beneficiary
     or over the life of the Beneficiary, such distribution must commence within
     one year of the date of death.  Notwithstanding the foregoing, in the event
     of the Contract Owner's death where the sole Beneficiary is the spouse of
     the Contract Owner and the Annuitant or Contingent Annuitant is living,
     such spouse may elect, in lieu of receiving the death benefit, to be
     treated as the Contract Owner.  The proceeds due on the death may be
     applied to provide variable payments, fixed payments, or a combination of
     variable and fixed payments.

     If the Contract is owned by a corporation or other non-individual, the
     Death Benefit payable upon the death of the Annuitant prior to the Annuity
     Commencement Date will be payable only as one sum or under the same
     settlement options and in the same manner as if an individual Contract
     Owner died on the date of the Annuitant's death.

     For a discussion of the manner in which Annuity payments are determined and
     may vary from month to month (see "How are Annuity payments determined?"
     commencing on page ____).


<PAGE>

                                     - 29 -

How can a contract be redeemed or surrendered?

     At any time prior to the Annuity Commencement Date, you have the right,
     subject to any IRS provisions applicable thereto, to surrender the value of
     the contract in whole or in part.

     FULL SURRENDERS

     At any time prior to the Annuity Commencement Date (and after the Annuity
     Commencement Date with respect to values applied to Option 4), the Contract
     Owner has the right to terminate the contract.  In such event, the
     Termination Value of the contract may be taken in the form of a lump sum
     cash settlement.

     The Termination Value of the contract is equal to the Contract Value less
     any applicable Premium Taxes, the Annual Maintenance Fee and any applicable
     contingent deferred sales charges.  The Termination Value may be more or
     less than the amount of the Premium Payments made to a contract.

     PARTIAL SURRENDERS

     The Contract Owner may make a partial surrender of Contract Values at any
     time prior to the Annuity Commencement Date so long as the amount
     surrendered is at least equal to the minimum amount rules then in effect.
     Additionally, if the remaining Contract Value following a surrender is less
     than $1,000, ITT Hartford may terminate the contract and pay the
     Termination Value.  For Contracts issued in Texas, there is an additional
     requirement that the contract will not be terminated when the remaining
     Contract Value after a surrender is less than $1,000 unless there were no
     Premium Payments made during the previous two Contract Years.

     Once each Contract Year, on a non-cumulative basis, partial surrenders of
     Contract Values of up to 10% of the aggregate Premium Payments made to the
     contract may be made without being subject to the contingent deferred sales
     charge.  ITT Hartford may permit the Contract Owner to preauthorize partial
     surrenders subject to certain limitations then in effect.

     THERE ARE CERTAIN RESTRICTIONS ON SECTION 403(B) TAX-SHELTERED ANNUITIES.
     AS OF DECEMBER 31, 1988, ALL SECTION 403(B) ANNUITIES HAVE LIMITS ON FULL
     AND PARTIAL SURRENDERS.  CONTRIBUTIONS TO THE CONTRACT MADE AFTER DECEMBER
     31, 1988 AND ANY INCREASES IN CASH VALUE AFTER DECEMBER 31, 1988 MAY NOT BE
     DISTRIBUTED UNLESS THE CONTRACT OWNER/EMPLOYEE HAS A) ATTAINED AGE 59 1/2,



<PAGE>


                                     - 30 -

     B) TERMINATED EMPLOYMENT, C) DIED, D) BECOME DISABLED OR E) EXPERIENCED
     FINANCIAL HARDSHIP.

     DISTRIBUTIONS DUE TO FINANCIAL HARDSHIP OR SEPARATION FROM SERVICE MAY
     STILL BE SUBJECT TO A PENALTY TAX OF 10%.

     ITT WILL NOT ASSUME ANY RESPONSIBILITY IN DETERMINING WHETHER A WITHDRAWAL
     IS PERMISSIBLE, WITH OR WITHOUT TAX PENALTY, IN ANY PARTICULAR SITUATION;
     OR IN MONITORING WITHDRAWAL REQUESTS REGARDING PRE OR POST JANUARY 1, 1989
     ACCOUNT VALUES.

     ANY SUCH FULL OR PARTIAL SURRENDER DESCRIBED ABOVE MAY AFFECT THE
     CONTINUING TAX QUALIFIED STATUS OF SOME CONTRACTS OR PLANS AND MAY RESULT
     IN ADVERSE TAX CONSEQUENCES TO THE CONTRACT OWNER.  THE CONTRACT OWNER,
     THEREFORE, SHOULD CONSULT WITH HIS TAX ADVISER BEFORE UNDERTAKING ANY SUCH
     SURRENDER.  (SEE "FEDERAL TAX CONSIDERATIONS" COMMENCING ON PAGE ___.)

     Payment on any request for a full or partial surrender from the
     Sub-Accounts will be made as soon as possible and in any event no later
     than seven days after the written request is received by ITT Hartford at
     its Home Office, Attn:  Individual Annuity Operations, P.O. Box 5085,
     Hartford, Connecticut 06102-5085.  ITT Hartford may defer payment of any
     amounts from the Fixed Account for up to six months from the date of the
     request for surrender.  If ITT Hartford defers payment for more than 30
     days, ITT Hartford will pay interest of at least 3% per annum on the amount
     deferred.  In requesting a partial withdrawal you should specify the
     Sub-Account(s) and/or the Fixed Account from which the partial withdrawal
     is to be taken.  Otherwise, such withdrawal and any applicable contingent
     deferred sales charges will be effected on a pro rata basis according to
     the value in the Fixed Account and each Sub-Account under a contract.
     Within this context, the contingent deferred sales charges are taken from
     the Premium Payments in the order in which they were received:  from the
     earliest Premium Payments to the latest Premium Payments (see "How are the
     charges under these Contracts made?" page ___).

Can payment of a redemption, surrender or death benefit ever be postponed beyond
the seven day period?

     Yes.  There may be postponement whenever (a) the New York Stock Exchange is
     closed, except for holidays or weekends, or trading on the New York Stock
     Exchange is restricted as determined by the Securities and Exchange
     Commission; (b) the Securities


<PAGE>

                                     - 31 -

     and Exchange Commission permits postponement and so orders; or (c) the
     Securities and Exchange Commission determines that an emergency exists
     making valuation of the amounts or disposal of securities not reasonably
     practicable.

May I surrender once Annuity payments have started?


     No.  Surrenders are not permitted after Annuity payments commence EXCEPT
     that a full surrender is allowed when payments for a designated period
     (Option 4 or 5) are selected as the Annuity option.

What are my Annuity benefits?

     You select an Annuity Commencement Date and an Annuity option which may be
     on a fixed or variable basis, or a combination thereof.  The Annuity
     Commencement Date will not be deferred beyond the Annuitant's 90th birthday
     except for certain states where deferral past age 85 is not permitted.  The
     Annuity Commencement Date and/or the Annuity option may be changed from
     time to time, but any change must be made at least 30 days prior to the
     date on which Annuity payments are scheduled to begin.  The contract allows
     the Contract Owner to change the Sub-Accounts on which variable payments
     are based after payments have commenced once every three (3) months.  Any
     Fixed Annuity allocation may not be changed.

     ANNUITY OPTIONS - The contract contains the five optional Annuity forms
     described below.  Options 2, 4 and 5 are available to Qualified Contracts
     only if the guaranteed payment period is less than the life expectancy of
     the Annuitant at the time the option becomes effective.  Such life
     expectancy shall be computed on the basis of the mortality table prescribed
     by the IRS, or if none is prescribed, the mortality table then in use by
     ITT Hartford.

     With respect to Non-Qualified Contracts, if you do not elect otherwise,
     payments in most states will automatically begin at the Annuitant's age 90
     (with the exception of states that do not allow deferral past age 85) under
     Option 2 with 120 monthly payments certain.  For Qualified Contracts and
     Contracts issued in Texas, if you do not elect otherwise, payments will
     begin automatically at the Annuitant's age 90 under Option 1 to provide a
     life Annuity.

     Under any of the Annuity options excluding Options 4 and 5, no surrenders
     are permitted after Annuity payments commence.  Only full surrenders are
     allowed out of Option 4 and any such surrender will be subject to
     contingent deferred sales charges, if applicable.  Full or partial
     withdrawals may be made from Option 5 at any time and contingent deferred
     sales charges will not be applied.


<PAGE>

                                     - 32 -


     OPTION 1:  LIFE ANNUITY - A life Annuity is an Annuity payable during the
     lifetime of the Annuitant and terminating with the last payment preceding
     the death of the Annuitant.  This option offers the largest payment amount
     of any of the life Annuity options since there is no guarantee of a minimum
     number of payments nor a provision for a death benefit payable to a
     Beneficiary.

     It would be possible under this option for an Annuitant to receive only one
     Annuity payment if he died prior to the due date of the second Annuity
     payment, two if he died before the due date of the third Annuity payment,
     etc.

     OPTION 2:  LIFE ANNUITY WITH 120, 180 OR 240 MONTHLY PAYMENTS CERTAIN -
     This Annuity option is an Annuity payable monthly during the lifetime of an
     Annuitant with the provision that payments will be made for a minimum of
     120, 180 or 240 months, as elected.  If, at the death of the Annuitant,
     payments have been made for less than the minimum elected number of months,
     then the present value as of the date of the Annuitant's death, of any
     remaining guaranteed payments will be paid in one sum to the Beneficiary or
     Beneficiaries designated unless other provisions have been made and
     approved by ITT Hartford.

     OPTION 3:  JOINT AND LAST SURVIVOR ANNUITY - An Annuity payable monthly
     during the joint lifetime of the Annuitant and a designated second person,
     and thereafter during the remaining lifetime of the survivor, ceasing with
     the last payment prior to the death of the survivor.  Based on the options
     currently offered by Hartford Life, the Annuitant may elect that the
     payment to the survivor be less than the payment made during the joint
     lifetime of the Annuitant and a designated second person.

     It would be possible under this option for an Annuitant and designated
     second person to receive only one payment in the event of the common or
     simultaneous death of the parties prior to the due date for the second
     payment and so on.

     OPTION 4:  PAYMENTS FOR A DESIGNATED PERIOD - An amount payable monthly for
     the number of years selected which may be from 5 to 30 years.  Under this
     option, you may, at any time, surrender the contract and receive, within
     seven days, the Termination Value of the Contract as determined by ITT
     Hartford.

     In the event of the Annuitant's death prior to the end of the designated
     period, the present value as of the date of the Annuitant's death, of any
     remaining guaranteed payments will be paid in one sum to the Beneficiary or
     Beneficiaries designated unless other provisions have been made and
     approved by ITT Hartford.


<PAGE>

                                     - 33 -

     Option 4 is an option that does not involve life contingencies and thus no
     mortality guarantee.  Charges made for the mortality undertaking under the
     Contracts thus provide no real benefit to a Contract Owner.

     OPTION 5:  DEATH BENEFIT REMAINING WITH ITT HARTFORD - Proceeds from the
     Death Benefit may be left with ITT Hartford for a period not to exceed five
     years from the date of the Contract Owner's death prior to the Annuity
     Commencement Date.  These proceeds will remain in the Sub-Account(s) to
     which they were allocated at the time of death unless the
     Beneficiary elects to reallocate them.  Full or partial withdrawals may be
     made at any time.  In the event of withdrawals, the remaining value will
     equal the Contract Value of the proceeds left with ITT Hartford, minus any
     withdrawals.

     ITT Hartford may offer other annuity options from time to time.

How are Annuity payments determined?

     The value of the Annuity Unit for each Sub-Account in the Separate Account
     for any day is determined by multiplying the value for the preceding day by
     the product of (1) the net investment factor (see "How is the Accumulation
     Unit value determined?" commencing on page ____) for the day for which the
     Annuity Unit value is being calculated, and (2) a factor to neutralize the
     assumed investment rate of 4.00% per annum discussed below.

     When Annuity payments are to commence, the value of the contract is
     determined as the sum of the value of the Fixed Account no earlier than the
     close of business on the fifth Valuation Day preceding the date the first
     Annuity payment is due plus the product of the value of the Accumulation
     Unit of each Sub-Account on that same day, and the number of Accumulation
     Units credited to each Sub-Account as of the date the Annuity is to
     commence.

     The contract contains tables indicating the minimum dollar amount of the
     first monthly payment under the optional forms of Annuity for each $1,000
     of value of a Sub-Account under a contract.  The first monthly payment
     varies according to the form and type of Annuity selected.  The contract
     contains Annuity tables derived from the 1983a Individual Annuity Mortality
     Table with ages set back one year and with an assumed investment rate
     ("A.I.R.") of 4% per annum.  The total first monthly Variable Annuity
     payment is determined by multiplying the value (expressed in thousands of
     dollars) of a Sub-Account (less any applicable Premium Taxes) by the amount
     of the first monthly payment per $1,000 of value obtained from the tables
     in the Contracts.

     Fixed Account Annuity payments are determined at annuitization by
     multiplying the values allocated to the Fixed Account (less applicable
     Premium Taxes) by a rate to be determined


<PAGE>

                                     - 34 -


     by ITT Hartford which is no less than the rate specified in the Annuity
     tables in the contract.  The Annuity payment will remain level for the
     duration of the Annuity.

     The amount of the first monthly Variable Annuity payment, determined as
     described above, is divided by the value of an Annuity Unit for the
     appropriate Sub-Account no earlier than the close of business on the fifth
     Valuation Day preceding the day on which the payment is due in order to
     determine the number of Annuity Units represented by the first payment.
     This number of Annuity Units remains fixed during the Annuity payment
     period, and in each subsequent month the dollar amount of the Variable
     Annuity payment is determined by multiplying this fixed number of Annuity
     Units by the then current Annuity Unit value.

     LEVEL VARIABLE ANNUITY PAYMENTS WOULD BE PRODUCED IF THE INVESTMENT RATE
     REMAINED CONSTANT AND EQUAL TO THE A.I.R.  IN FACT, PAYMENTS WILL VARY UP
     OR DOWN AS THE INVESTMENT RATE VARIES UP OR DOWN FROM THE A.I.R.

     The Annuity payments will be made on the fifteenth day of each month
     following selection.  The Annuity Unit value used in calculating the amount
     of the Variable Annuity payments will be based on an Annuity Unit value
     determined as of the close of business on a day no earlier than the fifth
     Valuation Day preceding the date of the Annuity payment.

                           CHARGES UNDER THE CONTRACTS

How are the sales charges under the Contracts made?


     There is no deduction for sales expenses from Premium Payments when made.
     However, a contingent deferred sales charge may be assessed against
     Contract Values when they are surrendered.

     The length of time from receipt of a Premium Payment to the time of
     surrender determines the contingent deferred sales charge.  For this
     purpose, Premium Payments will be deemed to be surrendered in the order in
     which they are received and all surrenders will be first from Premium
     Payments and then from other Contract Values.  The charge is a percentage
     of the amount withdrawn (not to exceed the aggregate amount of the Premium
     Payments made) and equals:


<PAGE>

                                     - 35 -

          CHARGE    LENGTH OF TIME FROM PREMIUM PAYMENT
          ------    -----------------------------------
                         (NUMBER OF YEARS)

            7%                1
            6%                2
            5%                3
            4%                4
            3%                5
            2%                6
            1%                7
            0%                8 or more


     No contingent deferred sales charge will be assessed in the event of death
     of the Annuitant or Contract Owner, or if Contract Values are applied to an
     Annuity option provided for under the Contract (except that a surrender out
     of Option 4 will be subject to a contingent deferred sales charge if
     applicable) or upon the exercise of the withdrawal privilege.  (See "Is
     there ever a time when the sales charges do not apply?"  commencing on
     page ____.)

     In the case of a redemption in which you request a certain dollar amount be
     withdrawn, the sales charge is deducted from the amount withdrawn and the
     balance is paid to you.  Example:  You request a total withdrawal of $1,000
     and the applicable sales load is 5%.  Your Sub-Account(s) and/or the Fixed
     Account will be reduced by $1,000 and you will receive $950 (i.e., the
     $1,000 total withdrawal less the 5% sales charge).  This is the method
     applicable on a full surrender of your contract.  In the case of a partial
     redemption in which you request to receive a specified amount, the sales
     charge will be calculated on the total amount that must be withdrawn from
     your Sub-Account(s) and/or the Fixed Account in order to provide you with
     the amount requested.  Example:  You request to receive $1,000 and the
     applicable sales charge is 5%.  Your Sub-Account(s) and/or the Fixed
     Account will be reduced by $1,052.63 (i.e., a total withdrawal of $1,052.63
     which results in a $52.63 sales charge ($1,052.63 x 5%) and a net amount
     paid to you of $1,000 as requested).

Is there ever a time when the sales charges do not apply?

     Yes.  During any Contract Year, on a non-cumulative basis, a Contract Owner
     may make a partial surrender of Contract Values of up to 10% of the
     aggregate Premium Payments made to the contract (as determined on the date
     of the requested withdrawal) without the application of the contingent
     deferred sales charge described above.  Any such withdrawal will be deemed
     to be from Contract Values other than Premium Payments.  From time to time,
     ITT Hartford may permit the Contract Owner to preauthorize partial
     surrenders subject to certain limitations then in effect.  Additional
     surrenders or any surrender of the Contract Values in excess of such amount
     in any Contract Year during the period when


<PAGE>

                                     - 36 -

     contingent deferred sales charges are applicable will be subject to the
     appropriate charge as set forth above.

     No contingent deferred sales charges otherwise applicable will be assessed
     in the event of death of the Annuitant, death of the Contract Owner or if
     payments are made under an Annuity option provided for under the contract,
     except that in the case of a surrender out of Annuity Option 4 contingent
     deferred sales charges will be assessed, if applicable.

     The ITT Hartford Life and Annuity Insurance Company may offer certain
     employer sponsored savings plans, in its discretion reduced fees and
     charges including, but not limited to, the contingent deferred sales
     charges, the mortality and expense risk charge and the maintenance fee for
     certain sales under circumstances which may result in savings of certain
     costs and expenses.  Reductions in these fees and charges will not unfairly
     discriminate against any Contract Owner.

What do the sales charges cover?

     The contingent deferred sales charges are used to cover expenses relating
     to the sale and distribution of the Contracts, including commissions paid
     to any distribution organization and its sales personnel, the cost of
     preparing sales literature and other promotional activities.  To the extent
     that these charges do not cover such distribution expenses they will be
     borne by ITT Hartford from its general assets, including surplus.  The
     surplus might include profits resulting from unused mortality and expense
     risk charges.

What is the mortality and expense risk charge?

     Although Variable Annuity payments made under the Contracts will vary in
     accordance with the investment performance of the underlying Fund shares
     held in the Sub-Account(s), the payments will not be affected by (a) ITT
     Hartford's actual mortality experience among Annuitants before or after the
     Annuity Commencement Date or (b) ITT Hartford's actual expenses, if greater
     than the deductions provided for in the Contracts because of the expense
     and mortality undertakings by ITT Hartford.

     For assuming these risks under the Contracts, ITT Hartford will make a
     daily charge at the rate of 1.25% per annum against all Contract Values
     held in the Separate Account during the life of the contract (estimated at
     .90% for mortality and .35% for expense), except for the Fixed Account.

     The mortality undertakings provided by ITT Hartford under the Contracts,
     assuming the selection of one of the forms of life Annuities, is to make
     monthly Annuity payments (determined in accordance with the 1983a
     Individual Mortality Annuity Table and other provisions contained in the
     contract) to Annuitants regardless of how long an Annuitant



<PAGE>

                                     - 37 -

     may live, and regardless of how long all Annuitants as a group may live.
     ITT Hartford also assumes the liability for payment of a Minimum Death
     Benefit under the contract.

     The mortality undertakings are based on ITT Hartford's determination of
     expected mortality rates among all Annuitants.  If actual experience among
     Annuitants during the Annuity payment period deviates from ITT Hartford's
     actuarial determination of expected mortality rates among Annuitants
     because, as a group, their longevity is longer than anticipated, ITT
     Hartford must provide amounts from its general funds to fulfill its
     contract obligations.  In that event, a loss will fall on ITT Hartford.
     Also, in the event of the death of an Annuitant or Contract Owner prior to
     age 85 or before the commencement of Annuity payments, whichever is
     earlier, ITT Hartford can, in periods of declining value, experience a loss
     resulting from the assumption of the mortality risk relative to the minimum
     death benefit.


     In providing an expense undertaking, ITT Hartford assumes the risk that the
     contingent deferred sales charges and the Annual Maintenance Fee for
     maintaining the Contracts prior to the Annuity Commencement Date may be
     insufficient to cover the actual cost of providing such items.

Are there any administrative charges?

     Each year, on each Contract Anniversary on or before the Annuity
     Commencement Date, ITT Hartford will deduct an Annual Maintenance Fee from
     Contract Values to reimburse it for expenses relating to the maintenance of
     the contract, the Fixed Account, and the Sub-Account(s) thereunder.  If
     during a Contract Year the contract is surrendered for its full value, ITT
     Hartford will deduct the Annual Maintenance Fee at the time of such
     surrender.  The fee is a flat fee which will be due in the full amount
     regardless of the time of the Contract Year that Contract Values are
     surrendered.  The Annual Maintenance Fee is $25.00 per Contract Year.  The
     deduction will be made pro rata according to the value in each Sub-Account
     and the Fixed Account under a contract.

How much are the deductions for Premium Taxes?

     A deduction is also made for Premium Tax, if applicable, imposed by a state
     or other governmental entity.  Certain states impose a Premium Tax,
     currently ranging up to 3.5%.  Some states assess the tax at the time
     purchase payments are made; others assess the tax at the time of
     annuitization.  ITT will pay Premium Taxes at the time imposed under
     applicable law.  At its sole discretion, ITT may deduct Premium Taxes at
     the time ITT Hartford pays such taxes to the applicable taxing authorities,
     at the time the contract is surrendered, or at the time the contract
     annuitizes.


<PAGE>

                                     - 38 -

          ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY AND THE FUNDS

What is ITT Hartford?

     ITT Hartford Life and Annuity Insurance Company ("ITT Hartford"), formerly
     ITT Life Insurance Corporation, is domiciled in the state of Wisconsin at
     Suite 2100, 111 East Wisconsin Avenue, Milwaukee, Wisconsin  53202, with
     its principal office at 505 Highway 169 North, Minneapolis, Minnesota
     55441; however, its mailing address is P.O. Box 2999, Hartford, CT
     06104-2999, Attn: Individual Annuity Operations.

     ITT Hartford was incorporated in January 9, 1956 and commenced business
     July 1, 1965.  It is a stock life insurance company engaged in the business
     of writing both individual and group life insurance and annuities in all
     states including the District of Columbia, except New York.

     ITT Hartford is a wholly owned subsidiary of Hartford Life Insurance
     Company.  ITT Hartford is ultimately 100% owned by Hartford Fire Insurance
     Company, one of the largest multiple lines insurance carriers in the United
     States.
   
     ITT Hartford has a A++ (superior) rating from A.M. Best and Company, Inc.
     on the basis of its financial soundness and operating performance, the
     highest ratings provided by this service. ITT Hartford has an AA+ rating
     from Standard & Poor's and Duff and Phelps' highest rating (AAA) on the
     basis of its claims paying ability.
    
     These ratings do not apply to the Separate Account.  However, the
     contractual obligations under this variable annuity are the general
     corporate obligations of ITT Hartford.  These ratings do apply to ITT
     Hartford's ability to meet its insurance obligations under the contract.

What are the Funds?
   
     Hartford Stock Fund, Inc. was organized on March 11, 1976.  Hartford
     Advisers Fund, Inc., Hartford Bond Fund, Inc., Hartford U.S. Government
     Money Market Fund, Inc., and HVA Money Market Fund, Inc. were all organized
     on December 1, 1982.  Hartford Capital Appreciation Fund, Inc. was
     organized on September 20, 1983.  Hartford Mortgage Securities Fund, Inc.
     was organized on October 5, 1984.  Hartford Index Fund, Inc. was organized
     on May 16, 1983.  Hartford International Advisers Fund, Inc. was organized
     on February 15, 1995.  Hartford International Opportunities Fund, Inc.
     was organized on January 25, 1990.  Hartford Dividend and Growth Fund was
     organized on October 21, 1993.  All of the Funds were incorporated under
     the laws of the State of Maryland and are collectively referred to as the
     "Funds."  The Funds may not be available in all states.
    

<PAGE>

                                     - 39 -

The investment objectives of each of the Funds are as follows:

Hartford Advisers Fund, Inc.

     To achieve maximum long term total rate of return consistent with prudent
     investment risk by investing in common stock and other equity securities,
     bonds and other debt securities, and money market instruments.  The
     investment adviser will vary the investments of the Fund among equity and
     debt securities and money market instruments depending upon its analysis of
     market trends.  Total rate of return consists of current income, including
     dividends, interest and discount accruals and capital appreciation.
   
Hartford Capital Appreciation Fund, Inc. (formerly "Hartford Aggressive Growth
     Fund, Inc.")
    

     To achieve growth of capital by investing in securities selected solely on
     the basis of potential for capital appreciation; income, if any, is an
     incidental consideration.

Hartford Bond Fund, Inc.

     To achieve maximum current income consistent with preservation of capital
     by investing primarily in fixed-income securities.

Hartford Dividend and Growth Fund, Inc.

     To seek a high level of current income consistent with growth of capital
     and reasonable investment risk.

Hartford Index Fund, Inc.

     To provide investment results which approximate the price and yield
     performance of publicly-traded common stocks in the aggregate, as
     represented by the Standard & Poor's 500 Composite Stock Price Index.  The
     Fund is neither sponsored by, nor affiliated with, Standard & Poor's
     Corporation.

Hartford International Advisers Fund, Inc.

     To provide maximum long-term total return consistent with prudent
     investment risk by investing in a portfolio of equity, debt and money
     securities.  Securities in which the Fund invests primarily will be
     denominated in non-U.S. currencies and will be traded in non-U.S. markets.

Hartford International Opportunities Fund, Inc.

     To achieve long-term total return consistent with prudent investment risk
     through investment primarily in equity securities issued by foreign
     companies.


<PAGE>

                                     - 40 -

Hartford Mortgage Securities Fund, Inc.

     To achieve maximum current income consistent with safety of principal and
     maintenance of liquidity by investing primarily in mortgage-related
     securities, including securities issued by the Government National Mortgage
     Association ("GNMA").

Hartford Stock Fund, Inc.

     To achieve long-term capital growth primarily through capital appreciation,
     with income a secondary consideration, by investing in equity-type
     securities.

HVA Money Market Fund, Inc.

     To achieve maximum current income consistent with liquidity and
     preservation of capital by investing in money market securities.

ALL FUNDS

     All of the Funds are sponsored by ITT Hartford Life and Annuity Insurance
     Company.  The Funds are available only to serve as the underlying
     investment for the variable annuity and variable life insurance Contracts
     issued by ITT Hartford.

     It is conceivable that in the future it may be disadvantageous for variable
     annuity separate accounts and variable life insurance separate accounts to
     invest in the Funds simultaneously.  Although ITT Hartford and the Funds do
     not currently foresee any such disadvantages either to variable annuity
     Contract Owners or to variable life insurance Policy owners, the Funds'
     Board of Directors intends to monitor events in order to identify any
     material conflicts between such Contract Owners and Policy owners and to
     determine what action, if any, should be taken in response thereto.  If the
     Board of Directors of the Funds were to conclude that separate funds should
     be established for variable life and variable annuity separate accounts,
     the variable annuity Contract Owners would not bear any expenses attendant
     to the establishment of such separate funds.

     The Hartford Investment Management Company ("HIMCO") serves as investment
     manager or adviser to each of the Funds.  In addition, Wellington
     Management Company ("Wellington") has served as sub-investment adviser to
     certain of the Funds since August 1984.
   
     HIMCO serves as investment manager for Hartford Advisers, Hartford
     Capital Appreciation, Hartford Dividend and Growth Funds, Hartford
     International Advisers, Hartford International Opportunities, and Hartford
     Stock Funds, pursuant to an Investment Management Agreement between each.
    

<PAGE>

                                     - 41 -

     Wellington serves as sub-investment adviser to each of these funds pursuant
     to a Sub-Investment Advisory Agreement between Wellington and HIMCO on
     behalf of each fund.

     HIMCO serves as the investment adviser to Hartford Bond, Hartford Mortgage
     Securities Funds, Hartford U.S. Government Money Market, and HVA Money
     Market pursuant to an Investment Advisory Agreement between these funds and
     HIMCO.

     A full description of the Funds, their investment policies and
     restrictions, risks, charges and expenses and all other aspects of their
     operation is contained in the accompanying Funds' Prospectus which should
     be read in conjunction with this Prospectus before investing and in the
     Funds' Statement of Additional Information which may be ordered from ITT
     Hartford.

Does ITT Hartford have any interest in the Funds?

     ITT Hartford has no interest in the Funds.

                           FEDERAL TAX CONSIDERATIONS

What are some of the federal tax consequences which affect these Contracts?

A.   GENERAL

     SINCE THE TAX LAW IS COMPLEX AND SINCE TAX CONSEQUENCES WILL VARY ACCORDING
     TO THE ACTUAL STATUS OF THE CONTRACT OWNER INVOLVED AND THE TYPE OF PLAN
     UNDER WHICH THE CONTRACT IS PURCHASED, LEGAL AND TAX ADVICE MAY BE NEEDED
     BY A PERSON, TRUSTEE OR OTHER ENTITY CONTEMPLATING THE PURCHASE OF A
     CONTRACT DESCRIBED HEREIN.

     It should be understood that any detailed description of the federal income
     tax consequences regarding the purchase of these Contracts cannot be made
     in this Prospectus and that special tax rules may be applicable with
     respect to certain purchase situations not discussed herein.  In addition,
     no attempt is made here to consider any applicable state or other tax laws.
     For detailed information, a qualified tax adviser should always be
     consulted.  The discussion here and in Appendix III, commencing on page
     ____, is based on ITT Hartford's understanding of current federal income
     tax laws as they are currently interpreted.


<PAGE>

                                     - 42 -

B.   TAXATION OF ITT HARTFORD AND THE SEPARATE ACCOUNT

     The Separate Account is taxed as part of ITT Hartford which is taxed as a
     life insurance company in accordance with the Internal Revenue Code (the
     "Code").  Accordingly, the Separate Account will not be taxed as a
     "regulated investment company" under subchapter M of Chapter 1 of the Code.
     Investment income and any realized capital gains on the assets of the
     Separate Account are reinvested and are taken into account in determining
     the value of the Accumulation and Annuity Units (see "Value of Accumulation
     Units" commencing on page ______).  As a result, such investment income and
     realized capital gains are automatically applied to increase reserves under
     the Contract.

     No taxes are due on interest, dividends and short-term or long-term capital
     gains earned by the Separate Account with respect to Qualified or Non-
     Qualified Contracts.

C.   TAXATION OF ANNUITIES -- GENERAL PROVISIONS AFFECTING PURCHASERS OTHER THAN
     QUALIFIED PLANS

     Section 72 of the Internal Revenue Code governs the taxation of annuities
     in general.

     1.   NON-NATURAL PERSONS, CORPORATIONS, ETC.  Section 72 contains
          provisions for Contract Owners which are non-natural persons.  Non-
          natural persons include corporations, trusts, and partnerships.  The
          annual net increase in the value of the Contract is currently
          includable in the gross income of a non-natural person unless the non-
          natural person holds the Contract as an agent for a natural person.
          There is an exception from current inclusion for certain annuities
          held by structured settlement companies, certain annuities held by an
          employer with respect to a terminated Qualified Plan and certain
          immediate annuities.  A non-natural person which is a tax-exempt
          entity for Federal tax purposes will not be subject to income tax as a
          result of this provision.

     If the Contract Owner is not an individual, the primary Annuitant shall be
     treated as the Contract Owner for purposes of making distributions which
     are required to be made upon the death of the Contract Owner.  If there is
     a change in the primary Annuitant, such change shall be treated as the
     death of the Contract Owner.

  2. OTHER CONTRACT OWNERS (NATURAL PERSONS).  A Contract Owner is not taxed on
     increases in the value of the Contract until an amount is received or
     deemed received, e.g., in the form of a lump sum payment (full or partial
     value of a Contract) or as Annuity payments under the settlement option
     elected.


<PAGE>

                                     - 43 -

     The provisions of Section 72 of the Code concerning distributions are
     summarized briefly below.  Also summarized are special rules affecting
     distributions from Contracts obtained in a tax-free exchange for other
     annuity contracts or life insurance contracts which were purchased prior to
     August 14, 1982.

     a.   DISTRIBUTIONS PRIOR TO THE ANNUITY COMMENCEMENT DATE.

          i.   Total premium payments less prior withdrawals which were not
               includable in gross income equal the "investment in the contract"
               under Section 72 of the Code.

          ii.  When the value of the Contract (ignoring any surrender charges)
               exceeds the "investment in the contract," any amount surrendered
               which is less than or equal to the difference between such value
               of the Contract and the "investment in the contract" will be
               included in gross income.

         iii.  When such value of the Contract is less than or equal to the
               "investment in the contract," any amount surrendered which is
               less than or equal to the "investment in the contract" shall be
               treated as a return of "investment in the contract" and will not
               be included in gross income.

          iv.  The receipt of any amount as a loan under the Contract or the
               assignment or pledge of any portion of the value of the Contract
               shall be treated as an amount surrendered which will be covered
               by the provisions in subparagraph ii. or iii. above.

          v.   In general, the transfer of the Contract, without full and
               adequate consideration, will be treated as an amount surrendered
               which will be covered by the provisions in subparagraph ii. or
               iii. above.  This transfer rule does not apply, however, to
               certain transfers of property between spouses or incident to
               divorce.

     b.   DISTRIBUTIONS AFTER ANNUITY COMMENCEMENT DATE.  Annuity payments made
          after the Annuity Commencement Date are includable in gross income to
          the extent the payments exceed the amount determined by the
          application of the ratio of the "investment in the contract" to the
          total amount of the payments to be made after the Annuity Commencement
          Date (the "exclusion ratio").

          i.   When the total of amounts excluded from income by application of
               the exclusion ratio is equal to the investment in the contract as
               of the Annuity Commencement Date, any additional payments
               (including surrenders) will be entirely includable in gross
               income.


<PAGE>

                                     - 44 -

          ii.  If the annuity payments cease by reason of the death of the
               Annuitant and, as of the date of death, the amount of annuity
               payments excluded from gross income by the exclusion ratio does
               not exceed the investment in the contract as of the Annuity
               Commencement Date, then the remaining portion of unrecovered
               investment shall be allowed as a deduction for the last taxable
               year of the Annuitant.

         iii.  Certain distributions, such as surrenders made after the Annuity
               Commencement Date, are not treated as annuity payments, and shall
               be included in gross income.

     c.   AGGREGATION OF TWO OR MORE ANNUITY CONTRACTS.

          Contracts issued after October 21, 1988 by the same insurer (or
          affiliated insurer) to the same Contract Owner within the same
          calendar year (other than certain contracts held in connection with a
          tax-qualified retirement arrangement) will be treated as one annuity
          Contract for the purpose of determining the taxation of distributions
          prior to the Annuity Commencement Date.  An annuity contract received
          in a tax-free exchange for another annuity contract or life insurance
          contract may be treated as a new Contract for this purpose.  ITT
          Hartford believes that for any annuity subject to such aggregation,
          the values under the Contracts and the investment in the contracts
          will be added together to determine the taxation of amounts received
          or deemed received prior to the Annuity Commencement Date.
          Withdrawals will first be treated as withdrawals of income until all
          of the income from all such Contracts is withdrawn.  As of the date of
          this Prospectus, there are no regulations interpreting this provision.

     d.   PENALTY -- APPLICABLE TO CERTAIN WITHDRAWALS AND ANNUITY PAYMENTS.

          i.   If any amount is received or deemed received on the Contract
               (before or after the Annuity Commencement Date), the Code applies
               a penalty tax equal to ten percent of the portion of the amount
               includable in gross income, unless an exception applies.

          ii.  The penalty will not apply to the following distributions
               (exceptions vary based upon the precise plan involved):

               1.   Distributions made on or after the date the recipient has
                    attained the age of 59 1/2.

               2.   Distributions made on or after the death of the holder or
                    where the holder is not an individual, the death of the
                    primary Annuitant.

               3.   Distributions attributable to a recipient's becoming
                    disabled.


<PAGE>

                                     - 45 -

               4.   A distribution that is part of a scheduled series of
                    substantially equal periodic payments for the life (or life
                    expectancy) of the recipient (or the joint lives or life
                    expectancies of the recipient and the recipient's
                    Beneficiary).

               5.   Distributions of amounts which are allocable to "investments
                    in the contract" made prior to August 14, 1982.

     e.   SPECIAL PROVISIONS AFFECTING CONTRACTS OBTAINED THROUGH A TAX-FREE
          EXCHANGE OF OTHER ANNUITY OR LIFE INSURANCE CONTRACTS PURCHASED PRIOR
          TO AUGUST 14, 1982.

               If the Contract was obtained by a tax-free exchange of a life
               insurance or annuity Contract purchased prior to August 14, 1982,
               then any amount surrendered prior to the Annuity Commencement
               Date which does not exceed the portion of the "investment in the
               contract" (generally premiums paid into the prior Contract, less
               amounts deemed received) prior to August 14, 1982, shall not be
               included in gross income.  In all other respects, the general
               provisions apply to distributions from such Contracts.

     f.   REQUIRED DISTRIBUTIONS IN THE EVENT OF CONTRACT OWNER'S DEATH.

          i.   If any Contract Owner dies before the Annuity Commencement Date,
               the entire interest must be distributed within five years of the
               date of death; however, a portion or all of such interest may be
               payable to a designated Beneficiary over the life of such
               Beneficiary or for a period not extending beyond the life
               expectancy of such Beneficiary with payments starting within one
               year of the date of death.

          ii.  If any Contract Owner or Annuitant dies on or after the Annuity
               Commencement Date and before the entire interest in the Contract
               has been distributed, any remaining portion of such interest must
               be distributed at least as rapidly as under the method of
               distribution in effect at the time of death.

         iii.  If a spouse is designated as a Beneficiary at the time of the
               Contract Owner's death and there is a surviving Annuitant or
               Contingent Annuitant, then such spouse will be treated as the
               Contract Owner under subparagraph i. and ii. above.

          iv.  If the Contract Owner is not an individual, the primary Annuitant
               shall be treated as the Contract Owner under subparagraphs i. and
               ii. above.  If there is a change in the primary Annuitant, such
               change shall be treated as the death of the Contract Owner.

     3.   DIVERSIFICATION REQUIREMENTS.

          Section 817 of the Code provides that a variable annuity contract
          (other than certain contracts held in connection with a tax-qualified
          retirement arrangement) will not be treated as an annuity contract for
          any period during which the investments made by the


<PAGE>

                                     - 46 -

          separate account or underlying fund are not adequately diversified in
          accordance with regulations prescribed by the Treasury.  If a Contract
          is not treated as an annuity contract, the Contract Owner will be
          subject to income tax on the annual increases in cash value.  The
          Treasury has issued diversification regulations which, among other
          things, require that no more than 55% of the assets of a mutual fund
          (such as the ITT Hartford mutual funds) underlying a variable annuity
          contract, be invested in any one investment.  In determining whether
          the diversification standards are met, each United States Government
          Agency or instrumentality shall be treated as a separate issuer.

D.   Federal Income Tax Withholding

     The portion of a distribution which is taxable income to the recipient will
     be subject to federal income tax withholding, pursuant to Section 3405 of
     the Internal Revenue Code.  The application of this provision is summarized
     below:

     1.   Non-Periodic Distributions

               The portion of a non-periodic distribution which constitutes
               taxable income will be subject to federal income tax withholding
               unless the recipient elects not to have taxes withheld.  If an
               election not to have taxes withheld is not provided, 10% of the
               taxable distribution will be withheld as federal income tax.
               Election forms will be provided at the time distributions are
               requested.  If the necessary election forms are not submitted to
               ITT Hartford, ITT Hartford will automatically withhold 10% of the
               taxable distribution.

          2.   Periodic Distributions (distributions payable over a period
               greater than one year)

               The portion of a periodic distribution which constitutes taxable
               income will be subject to federal income tax withholding as if
               the recipient were married claiming three exemptions.  A
               recipient may elect not to have income taxes withheld or have
               income taxes withheld at a different rate by providing a
               completed election form.  Election forms will be provided at the
               time distributions are requested.

E.   General Provisions Affecting Tax-Qualified Plans

     The contract may be used for a number of qualified plans.  If the contract
     is being purchased with respect to some form of Qualified Plan, please
     refer to Appendix I commencing on page      for information relative to the
     types of plans for which it may be used and the general explanation of the
     tax features of such plans.


<PAGE>

                                     - 47 -

                                  MISCELLANEOUS

What are my voting rights?

     VOTING RIGHTS

     ITT Hartford is the legal owner of all Fund shares held in the Separte
     Account.  As the owner, HL has the right to vote at the Funds' shareholder
     meetings.  However, to the extent required by federal securities laws or
     regulations, ITT Hartford will:

     1.  Vote all Fund shares attributable to a Contract according to
     instructions received from Contract Owner, and

     2.  Vote shares attributable to a Contract for which no voting instructions
     are received in the same portion as shares for which instructions are
     received.

     If any federal securities laws or regulations, or their present
     interpretation change to permit ITT Hartford to vote Fund shares in its own
     right, ITT Harford may elect to do so.

     ITT Hartford will notify you of any Fund shareholders' meeting if the
     shares held for your account may be voted at such meetings.  ITT Hartford
     will also send proxy materials and a form of instruction by means of which
     you can instruct ITT Hartford with respect to the voting of the Fund shares
     held for your account.

     In connection with the voting of Fund shares held by it, ITT Hartford will
     arrange for the handling and tallying of proxies received from Contract
     Owners.  ITT Hartford as such, shall have no right, except as hereinafter
     provided, to vote any Fund shares held by it hereunder which may be
     registered in its name or the names of its nominees.  ITT Hartford will,
     however, vote the Fund shares held by it in accordance with the
     instructions received from the Contract Owners for whose accounts the Fund
     shares are held.  If a Contract Owner desires to attend any meeting at
     which shares held for the Contract Owner's benefit may be voted, the
     Contract Owner may request ITT Hartford to furnish a proxy or otherwise
     arrange for the exercise of voting rights with respect to the Fund shares
     held for such Contract Owner's account.  ITT Hartford will vote shares for
     which no instructions have been given and shares which are not attributable
     to Contract Owners (i.e. shares owned by ITT Hartford) in the same
     proportion as it votes shares of that Fund for which it has received
     instructions.  During the Annuity period under a contract the number of
     votes will decrease as the assets held to fund Annuity benefits decrease.

Will other Contracts be participating in the Separate Account?

     In addition to the Contracts described in this Prospectus, it is
     contemplated that other forms of group or individual Variable Annuities may
     be sold providing benefits which vary in accordance with the investment
     experience of the Separate Account.


<PAGE>

                                     - 48 -

How are the Contracts sold?

     Hartford Equity Sales Company, Inc. ("HESCO") currently serves as Principal
     Underwriter for the securities issued with respect to the Separate Account.
     Hartford Securities Distribution Company, Inc. ("HSD") will replace HESCO
     as principal underwriter upon approval by the Commission, the National
     Association of Securities Dealers, Inc. ("NASD") and applicable state
     regulatory authorities.

     Both HESCO and HSD are wholly-owned subsidiaries of Hartford Life Insurance
     Company.  The principal business address of HESCO and HSD is the same as
     ITT Hartford.

     The securities will be sold by salespersons of HESCO, and subsequently HSD,
     who represent ITT Hartford as insurance and Variable Annuity agents and who
     are registered representatives or Broker-Dealers who have entered into
     distribution agreements with HESCO, and subsequently HSD.

     HESCO is registered with the Commission under the Securities Exchange Act
     of 1934 as a Broker-Dealer and is a member of the NASD.  HSD will be
     registered with the Commission under the Securities Exchange Act of 1934 as
     a Broker-Dealer and will become a member of the NASD.

Who is the custodian of the Separate Account's assets?

     The assets of the Separate Account are held by ITT Hartford under a
     safekeeping arrangement.

Are there any material legal proceedings affecting the Separate Account?

     No.


Are you relying on any experts as to any portion of this Prospectus?
   
     The financial statements and schedules included in this prospectus and
     elsewhere in the registration statement have been audited by Arthur
     Andersen LLP, independent public accountants, as indicated in their
     reports with respect thereto, and are included herein in reliance upon the
     authority of said firm as experts in accounting and auditing.
    


<PAGE>

                                     - 49 -

How may I get additional information?

     Inquiries will be answered by calling your representative or by writing:

         ITT Hartford Life and Annuity Insurance Company
         Attn: Individual Annuity Operations
         P.O. Box 5085
         Hartford, Connecticut  06102-5085
         Telephone:  (800) 862-6668



<PAGE>

                                     - 50 -

                                   APPENDIX I

                    INFORMATION REGARDING TAX-QUALIFIED PLANS


THE TAX REFORM ACT OF 1986 AND SUBSEQUENT LEGISLATION HAVE MADE SUBSTANTIAL
CHANGES TO QUALIFIED PLANS.  YOU SHOULD CONSULT YOUR TAX ADVISER TO FULLY
ADDRESS ALL CHANGES OCCURRING AS A RESULT OF THE TAX REFORM ACT AND SUBSEQUENT
LEGISLATION AND THEIR EFFECT ON QUALIFIED PLANS.

A.   Contributions

1.   Pension, Profit-Sharing and Simplified Employee Pension Plans

     Contributions to pension or profit-sharing plans (described in Section
     401(a) and 401(k), if applicable, and exempt from taxation under Section
     501(a) of the Code), and Simplified Employee Pension Plans (described in
     Section 408(k)), which do not exceed certain limitations prescribed in the
     Code are fully tax deductible to the employer.  Such contributions are not
     currently taxable to the covered employees, and increases in the value of
     Contracts purchased with such contributions are not subject to taxation
     until received by the covered employees or their beneficiaries in the form
     of Annuity payments or other distributions.

2.   Tax-Deferred Annuity Plans for Public School Teachers and Employers and
     Employees of Certain Tax-Exempt Organizations

     Contributions to tax-deferred annuity plans (described in Section 403(a)
     and 403(b) of the Code) by employers are not includable within the
     employee's income to the extent those contributions do not exceed the
     lesser of $9,500 or the exclusion allowance.  Generally, an amount equal to
     20% of the employee's includable compensation for his most recent full year
     of employment multiplied by the number of years of his service, less the
     aggregate amount contributed by the employer for Annuity Contracts which
     were not included within the gross income of the employee for any prior
     taxable year may be excluded.  Furthermore, an employee may reduce his
     salary by as much as $9500.  There are special provisions which may allow
     an employee of an educational institution, a hospital or a home health
     service agency to elect an overall limitation different from the limitation
     described above.


<PAGE>

                                     - 51 -


3.   Deferred Compensation Plans for Tax-Exempt Organizations and State and
     Local Governments

     Employees may contribute on a before tax basis to the Deferred Compensation
     Plan of their employer in accordance with the employer's Plan and Section
     457 of the Code.  Section 457 places limitations on contributions to
     Deferred Compensation Plans maintained by a State ("State" means a State, a
     political sub-division of a State, and an agency or instrumentality of a
     State or political sub-division of a State) or other tax-exempt
     organization.  Generally, the limitation is 33 1/3% of includable
     compensation (25% of gross compensation) or $7,500, whichever is less.  The
     plan may also provide for additional contributions during the three taxable
     years ending before normal retirement age of a Participant for a total of
     up to $15,000 per year for such three years.

     An employee electing to participate in a plan should understand that his
     rights and benefits are governed strictly by the terms of the plan, that he
     is in fact a general creditor of the employer under the terms of the plan,
     that the employer is legal owner of any Contract issued with respect to the
     plan and that the employer as owner of the Contract(s) retains all voting
     and redemption rights which may accrue to the Contract(s) issued with
     respect to the plan.  The participating employee should look to the terms
     of his plan for any charges in regard to participating therein other than
     those disclosed in this Prospectus.

     Certain distributions are required to be made upon the death of a
     Participant.  These requirements are generally described in Section C.2.f.
     of "Federal Tax Considerations" on page _____.

4.   Individual Retirement Annuities ("IRA's")

     Individuals may contribute and deduct the lesser of $2,000 or 100 percent
     of their compensation to an IRA.  In the case of a spousal IRA, the maximum
     deduction is the lesser of $2,250 or 100 percent of compensation.  The
     deduction for contributions is phased out between $40,000 and $50,000 of
     adjusted gross income (AGI) for a married individual (and between $25,000
     and $35,000 for single individuals) if either the individual or his or her
     spouse is an active participant in any Section 401(a), 403(a), 403(b) or
     408(k) plan regardless of whether the individual's interest is vested.

     To the extent deductible contributions are not allowed, individuals may
     make designated non-deductible contributions to an IRA, subject to the
     above limits.


<PAGE>

                                     - 52 -

B.   Distributions

1.   Pension and Profit-Sharing Plans, Tax-Sheltered Annuities, Individual
     Retirement Annuities.

     Annuity payments made under the Contracts are taxable under Section 72 of
     the Code as ordinary income, in the year of receipt, to the extent that
     they exceed the "excludable amount."  The investment in the Contract is the
     aggregate amount of the contributions made by or on behalf of an employee
     which were included as a part of his taxable income and not deducted.
     Thus, annual premiums deducted for an IRA are not included in the
     investment in the Contract.  The employee's investment in the Contract is
     divided by the expected number of payments to be made under the Contract.
     The amount so computed constitutes the "excludable amount," which is the
     amount of each annuity payment considered a return of investment in each
     year and, therefore, not taxable.  Once the employee's investment in the
     Contract is recouped, the full amount of each payment will be fully
     taxable.  If the employee dies prior to recouping his or her investment in
     the Contract, a deduction is allowed for the last taxable year.  The rules
     for determining the excludable amount are contained in Section 72 of the
     Code.


     Generally, distributions or withdrawals prior to age 59 1/2 may be subject
     to an additional income tax of 10% of the amount includable in income.
     This additional tax does not apply to distributions made after the
     employee's death, on account of disability and distributions in the form of
     a life annuity, and except in the case of an IRA, certain distributions
     after  separation from service at or after age 55, and certain
     distributions for eligible medical expenses. A life annuity is defined as a
     scheduled series of substantially equal periodic payments for the life or
     life expectancy of the Participant (or the joint lives or life expectancies
     of the Participant and Beneficiary).  The taxation of withdrawals and other
     distributions varies depending on the type of distribution and the type of
     plan from which the distribution is made.  With respect to tax-deferred
     annuity Contracts under Section 403(b), contributions to the Contract made
     after December 31, 1988 and any increases in cash value after that date may
     not be distributed prior to attaining age 59 1/2, separation from service,
     death or disability.  Contributions (but not earnings) made after December
     31, 1988 may also be distributed by reason of financial hardship.

     Generally, in order to avoid a penalty tax, annuity payments, periodic
     payments or annual distributions MUST commence by April 1 of the calendar
     year following the year in which the Participant attains age 70 1/2.  The
     entire interest of the Participant must be distributed beginning no later
     than this required beginning date over a period which may not extend beyond
     a maximum of the lives or life expectancies of the Participant and a
     designated Beneficiary.  Each annual distribution must equal or exceed a
     "minimum distribution amount" which is determined by dividing the account
     balance by the applicable life expectancy.  With respect to a section
     403(b) plan, this account balance is based upon earnings and contributions
     after December 31, 1986.  In addition, minimum distribution incidental
     benefit rules may require a larger annual distribution based upon dividing
     the entire account balance as of the close of business on the last day of
     the previous calendar year by a factor promulgated by the Internal Revenue
     Service which ranges from 26.2 (at age 70) to 1.8 (at age 115).  Special
     rules apply to require that distributions be made to


<PAGE>

                                     - 53 -

     Beneficiaries after the death of the Participant.  A penalty tax of 50% of
     the difference of the amount which should be distributed and the amount
     actually distributed will be imposed by the Internal Revenue Service for
     failure to make a correct distribution.

2.   Deferred Compensation Plans for Tax-Exempt Organizations and State and
     Local Governments

     Generally, in order to avoid a penalty tax, annuity payments, periodic
     payments or annual distributions must commence by April 1 of the calendar
     year following the year in which the Participant attains age 70 1/2.
     Minimum distributions under a Section 457 Deferred Compensation Plan may be
     further deferred if the Participant remains employed.  The entire interest
     of the Participant must be distributed beginning no later than this
     required beginning date over a period which may not extend beyond a maximum
     of the life expectancy of the Participant and a designated Beneficiary.
     Each annual distribution must equal or exceed a "minimum distribution
     amount" which is determined by dividing the account balance by the
     applicable life expectancy.  This account balance is generally based upon
     the account value as of the close of business on the last day of the
     previous calendar year.  With respect to a Section 403(b) plan, this
     account balance is based upon earnings and contributions after December 31,
     1986.  In addition, minimum distribution incidental benefit rules may
     require a larger annual distribution based upon dividing the account
     balance by a factor promulgated by the Internal Revenue Service which
     ranges from 26.2 (at age 70) to 1.8 (at age 115).  Special rules apply to
     require that distributions be made to Beneficiaries after the death of the
     Participant.  A penalty tax of 50% of the difference of amount which should
     be distributed and the amount actually distributed will be imposed by the
     Internal Revenue Service for failure to make a correct distribution.

     Upon receipt of any monies pursuant to the terms of a Deferred Compensation
     Plan for a tax-exempt organization, state or local government under Section
     457 of the Code, such monies are taxable to such employee as ordinary
     income in the year in which received.

C.   Federal Income Tax Withholding

     The portion of a distribution which is taxable income to the recipient will
     be subject to federal income tax withholding, pursuant to Section 3405 of
     the Internal Revenue Code.  The application of this provision is summarized
     below:

1.    Eligible Rollover Distributions

     a.   The Unemployment Compensation Amendments Act of 1992 requires that
          federal income taxes be withheld from certain distributions from
          tax-qualified retirement plans and from tax-sheltered annuities under
          Section 403(b).  These provisions DO



<PAGE>

                                     - 54 -

          NOT APPLY to distributions from individual retirement annuities under
          section 408(b) or from deferred compensation programs under section
          457.

     b.   If any portion of a distribution paid to you is an "eligible rollover
          distribution", the law requires that 20% of that amount be withheld.
          This amount is sent to the IRS as withheld income taxes.  The
          following types of payments DO NOT constitute an eligible rollover
          distribution and, therefore, the mandatory withholding rules will not
          apply:

          -    the non-taxable portion of the distribution;
          -    distributions which are part of a series of equal (or
               substantially equal) payments made at least annually for your
               lifetime (or your life expectancy), or your lifetime and your
               Beneficiary's lifetime (or life expectancies), or for a period of
               ten years or more;.
          -    required minimum distributions made pursuant to section 401(a)(9)
               of the IRC.

     c.   However, you can elect to have all or a portion of an eligible
          rollover distribution paid in a "direct rollover".  A direct rollover
          is the direct payment of this distribution or portion thereof to an
          individual retirement arrangement or annuity (IRA) or to another
          qualified employer plan.  IF YOU CHOOSE A DIRECT ROLLOVER, NO INCOME
          TAX WILL BE WITHHELD.

     d.   If any portion of your distribution is not an eligible rollover
          distribution but is taxable, the mandatory withholding rules described
          above do not apply.  In this case, the voluntary withholding rules
          described elsewhere in this Prospectus apply.

2.   Non-Eligible Rollover Distributions

     a.   Non-Periodic Distributions

          The portion of a non-periodic distribution which constitutes taxable
          income will be subject to federal income tax withholding unless the
          recipient elects not to have taxes withheld.  If an election not to
          have taxes withheld is not provided, 10% of the taxable distribution
          will be withheld as federal income tax.  Election forms will be
          provided at the time distributions are requested.

     b.   Periodic Distributions (distributions payable over a period greater
          than one year)


          The portion of a periodic distribution which constitutes taxable
          income will be subject to federal income tax withholding as if the
          recipient were married claiming


<PAGE>

                                     - 55 -

          three exemptions.  A recipient may elect not to have income taxes
          withheld or have income taxes withheld at a different rate by
          providing a completed election form.  Election forms will be provided
          at the time distributions are requested.

D.   Any distribution from plans described in A.3 on page ____ is subject to the
     regular wage withholding rules.


<PAGE>

                                     - 56 -



                                TABLE OF CONTENTS
                                       TO
                       STATEMENT OF ADDITIONAL INFORMATION


SECTION                                                                 PAGE NO.
- -------                                                                 --------

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . .

DESCRIPTION OF ITT HARTFORD LIFE AND ANNUITY
   INSURANCE COMPANY . . . . . . . . . . . . . . . . . . . . . .

SAFEKEEPING OF ASSETS. . . . . . . . . . . . . . . . . . . . . .

INDEPENDENT PUBLIC ACCOUNTANTS . . . . . . . . . . . . . . . . .

DISTRIBUTION OF CONTRACTS. . . . . . . . . . . . . . . . . . . .

ANNUITY PERIOD . . . . . . . . . . . . . . . . . . . . . . . . .

        A.  Annuity Payments . . . . . . . . . . . . . . . . . .

        B.  Electing the Annuity Commencement Date and
            Form of Annuity. . . . . . . . . . . . . . . . . . .

        C.  Optional Annuity Forms . . . . . . . . . . . . . . .

        OPTION 1:  Life Annuity. . . . . . . . . . . . . . . . .

        OPTION 2:  Life Annuity With 120, 180 or 240 Monthly . .

                   Payments Certain. . . . . . . . . . . . . . .

        OPTION 3:  Joint and Last Survivor Annuity . . . . . . .

        OPTION 4:  Payments for a Designated Period. . . . . . .

        D.  The Annuity Unit and Valuation . . . . . . . . . . .

        E.  Determination of Amount of First Monthly Annuity
            Payment-Fixed and Variable . . . . . . . . . . . . .


<PAGE>


                                     - 57 -


        F.  Amount of Second and Subsequent Monthly Annuity Payments

        G.  Date and Time of Annuity Payments. . . . . . . . . .

CALCULATION OF YIELD AND RETURN. . . . . . . . . . . . . . . . .

PERFORMANCE COMPARISONS. . . . . . . . . . . . . . . . . . . . .

FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . .


<PAGE>

                                     - 58 -

          This form must be completed for all tax-sheltered annuities.


                     SECTION 403(B)(11) ACKNOWLEDGMENT FORM


The ITT Hartford variable annuity Contract which you have recently purchased is
subject to certain restrictions imposed by the Tax Reform Act of 1986.
Contributions to the Contract after December 31, 1988 and any increases in cash
value after December 31, 1988 may not be distributed to you unless you have:

     a.  attained age 59 1/2
     b.  terminated employment
     c.  died, or
     d.  become disabled.

Distributions of post December 31, 1988 contributions may also be made if you
have experienced a financial hardship.

Also, there may be a 10% penalty tax for distributions made because of financial
hardship or separation from service.

Also, please be aware that your 403(b) Plan may also offer other financial
alternatives other than the ITT Hartford variable annuity.  Please refer to your
Plan.

Please complete the following and return to:

     ITT Hartford Life and Annuity Insurance Company
     Attn: Individual Annuity Operations
     P.O. Box 5085
     Hartford, Connecticut  06102-5085

- ----------------------------------------------------


Name of Contract Owner/Participant:
Address:
City or Plan/School District:
Date:
Contract No:
Signature:


<PAGE>

To Obtain a Statement of Additional Information, please complete the form below
and mail to:

           ITT Hartford Life and Annuity Insurance Company
           Attn: Individual Annuity Operations
           P.O. Box 5085
           Hartford, Connecticut  06102-5085

Please send a Statement of Additional Information for the Director to me at the
following address:



- ------------------------------
Name


- ------------------------------
Address


- ------------------------------
City/State            Zip Code



                            - - - - - - - - - - - -



<PAGE>

                                     PART B


                       STATEMENT OF ADDITIONAL INFORMATION

                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY

                              SEPARATE ACCOUNT ONE


This Statement of Additional Information is not a Prospectus.  The information
contained herein should be read in conjunction with the Prospectus.

To obtain a Prospectus, send a written request to ITT Hartford Life and Annuity
Insurance Company, Attn: Individual Annuity Operations, P.O. Box 5085, Hartford,
Connecticut 06102-5085.




Date of Prospectus:  May 1, 1995

Date of Statement of Additional Information:  May 1, 1995



















Form HV-
Printed in U.S.A.

<PAGE>

                                      - 2 -


                                TABLE OF CONTENTS


SECTION                                                                 PAGE NO.

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

DESCRIPTION OF ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY . . . .

SAFEKEEPING OF ASSETS. . . . . . . . . . . . . . . . . . . . . . . . .

INDEPENDENT PUBLIC ACCOUNTANTS . . . . . . . . . . . . . . . . . . . .

DISTRIBUTION OF CONTRACTS. . . . . . . . . . . . . . . . . . . . . . .

ANNUITY PERIOD . . . . . . . . . . . . . . . . . . . . . . . . . . . .

     A.   Annuity Payments . . . . . . . . . . . . . . . . . . . . . .

     B.   Electing the Annuity Commencement Date and Form of Annuity .

     C.   Optional Annuity Forms . . . . . . . . . . . . . . . . . . .

          OPTION 1:  Life Annuity. . . . . . . . . . . . . . . . . . .

          OPTION 2:  Life Annuity With 120, 180 or 240 Monthly
                     Payments Certain. . . . . . . . . . . . . . . . .

          OPTION 3:  Joint and Last Survivor Annuity . . . . . . . . .

          OPTION 4:  Payments for a Designated Period. . . . . . . . .

     D.   The Annuity Unit and Valuation . . . . . . . . . . . . . . .

     E.   Determination of Amount of First Monthly Annuity
          Payment-Fixed and Variable . . . . . . . . . . . . . . . . .

     F.   Amount of Second and Subsequent Monthly Annuity Payments . .

     G.   Date and Time of Annuity Payments. . . . . . . . . . . . . .

<PAGE>

                                      - 3 -

CALCULATION OF YIELD AND RETURN. . . . . . . . . . . . . . . . . . . .

PERFORMANCE COMPARISONS. . . . . . . . . . . . . . . . . . . . . . . .

FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . .
































<PAGE>

                                      - 4 -

                                  INTRODUCTION
   
The individual and group tax-deferred variable annuity contracts described in
the Prospectus are designed to provide Annuity benefits to individuals who have
established or wish to establish retirement programs which may or may not
qualify for special federal income tax treatment.  The Annuitant under these
contracts may receive Annuity benefits in accordance with the Annuity option
selected and the retirement program, if any, under which the contracts have been
purchased.  Annuity payments under a contract will begin on a particular future
date which may be selected at any time under the contract or automatically when
the Annuitant reaches age 90, except in certain states where deferral past age
85 is not permitted.  There are several alternative annuity payment options
available under the contract (see "Optional Annuity Forms," commencing on
page___).
    

   
The Premium Payments under a contract, less any applicable Premium Taxes, will
be applied to the Separate Account and/or the Fixed Account.  Accordingly, the
net Premium Payment under the contract will be applied to purchase interests in
one or more of the Bond Fund, Stock Fund, HVA Money Market Fund, U.S. Government
Money Market Fund (for qualified Contracts issued prior to May 1, 1987),
Advisers Fund, Capital Appreciation Fund, Mortgage Securities Fund, Index Fund,
International Opportunities Fund, and Dividend and Growth Fund Sub-Accounts.
    
Shares of the Funds are purchased by the Separate Account without the imposition
of a sales charge.  The value of a contract depends on the value of the shares
of the Fund held by the Separate Account pursuant to that contract.  As a
result, the Contract Owner bears the investment risk since market value of the
shares may increase or decrease.

There is no assurance that the value of the Contract Owner's contract at any
time will equal or exceed the Premium Payments made.  However, if the Annuitant
or Contract Owner dies before the Annuity Commencement Date, the contracts
provide that a death benefit equal to the value of the contract as of the date
due proof of death is received by ITT Hartford shall be payable.  This amount is
the greater of (a) the Contract Value on the date of receipt of due proof of
death by ITT Hartford, or (b) 100% of the total Premium Payments made to such
contract, reduced by any prior surrenders, or (c) the Contract Value on the
Specified Contract Anniversary immediately preceding the date of death,
increased by the dollar amount of any Premium Payments made and reduced by the
dollar amount of any partial terminations since the immediately preceding
Specified Contract Anniversary.  (See "Payments of Benefits" commencing on page
___ of the Prospectus.)

         DESCRIPTION OF ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY

ITT Hartford Life and Annuity Insurance Company ("ITT Hartford"), formerly ITT
Life Insurance Corporation, domiciled in the state of Wisconsin at Suite 2100,
111 East Wisconsin

<PAGE>

                                      - 5 -

Avenue, Milwaukee, Wisconsin  53202 and with its principal office at 505 Highway
169 North, Minneapolis, Minnesota  55441; however, its mailing address is P.O.
Box 5085, Hartford, CT  06102-5085, Attn: Individual Annuity Operations.

ITT Hartford was incorporated in January 9, 1956 and commenced business July 1,
1965.  It is a stock life insurance company engaged in the business of writing
both individual and group life insurance and annuities in all states including
the District of Columbia, except New York.

ITT Hartford is a wholly owned subsidiary of Hartford Life Insurance Company.
ITT Hartford is ultimately 100% owned by Hartford Fire Company, one of the
largest multiple lines insurance carriers in the United States.
   
ITT Hartford has an A++(superior) rating from A.M. Best and Company, Inc. on
the basis of its financial soundness and operating performance, the highest
ratings provided by this service. ITT Hartford has an AA+ rating from Standard
& Poor's and Duff and Phelps' highest rating (AAA) on the basis of its claims
paying ability.
    

These ratings do not apply to the Separate Account.  However, the contractual
obligations under this variable annuity are the general corporate obligations of
ITT Hartford.  These ratings do apply to ITT Hartford's ability to meet its
insurance obligations under the contract.

                              SAFEKEEPING OF ASSETS

The assets of the Separate Account are held by ITT Hartford under a safekeeping
arrangement.

                         INDEPENDENT PUBLIC ACCOUNTANTS

Arthur Andersen LLP, One Financial Plaza Hartford, Connecticut, independent
public accountants, will perform an annual audit of the Separate Account.  The
financial statements and schedules included in this Statement of Additional
Information have been audited by Arthur Andersen LLP, independent public
accountants, as indicated in their reports with the respect thereto, and are
included herein in reliance upon the report of said firm as experts in
accounting and auditing.

                            DISTRIBUTION OF CONTRACTS

Hartford Equity Sales Company, Inc. ("HESCO") currently serves as Principal
Underwriter for the securities issued with respect to the Separate Account.
Hartford Securities Distribution Company, Inc. ("HSD") will replace HESCO as
principal underwriter upon approval by the Commission, the National Association
of Securities Dealers, Inc. ("NASD") and applicable state regulatory
authorities.

Both HESCO and HSD are wholly-owned subsidiaries of Hartford Life Insurance
Company.  The principal business address of HESCO and HSD is the same as
Hartford Life Insurance Company.

<PAGE>

                                      - 6 -

The securities will be sold by salespersons of HESCO, and subsequently HSD, who
represent ITT Hartford as insurance and Variable Annuity agents and who are
registered representatives or Broker-Dealers who have entered into distribution
agreements with HESCO, and subsequently HSD.

HESCO is registered with the Commission under the Securities Exchange Act of
1934 as a Broker-Dealer and is a member of the NASD.   HSD will be registered
with the Commission under the Securities Exchange Act of 1934 as a Broker-Dealer
and will become a member of the NASD.

                                 ANNUITY PERIOD

A.   Annuity Payments

     Variable Annuity payments are determined on the basis of (1) a mortality
     table set forth in the contracts and the type of Annuity payment option
     selected, and (2) the investment performance of the investment medium
     selected.  Fixed Account Annuity payments are based on the Annuity tables
     contained in the contracts, and will remain level for the duration of the
     Annuity.

     The amount of the Annuity payments will not be affected by adverse
     mortality experience or by an increase in expenses in excess of the expense
     deduction for which provision has been made (see "Charges Under the
     Contracts," commencing on page    of the Prospectus).

     For a Variable Annuity the Annuitant will be paid the value of a fixed
     number of Annuity Units each month.  The value of such units and the
     amounts of the monthly Variable Annuity payments will, however, reflect
     investment income occurring after retirement, and thus the Variable Annuity
     payments will vary with the investment experience of the Fund shares
     selected.

B.   Electing the Annuity Commencement Date and Form of Annuity

     The Contract Owner selects an Annuity Commencement Date and an Annuity
     option which may be on a fixed or variable basis, or a combination thereof.
     The Annuity Commencement Date will not be deferred beyond the Annuitant's
     90th birthday, except for certain states where the Annuitant must reach age
     85.

     The Annuity Commencement Date and/or the Annuity option may be changed from
     time to time, but any such change must be made at least 30 days prior to
     the date on which Annuity payments are scheduled to begin.

<PAGE>

                                      - 7 -

     The contract contains the five optional Annuity forms described below.
     Options 2, 4 and 5 are available with respect to Qualified Contracts only
     if the guaranteed payment period is less than the life expectancy of the
     Annuitant at the time the option becomes effective.  Such life expectancy
     shall be computed on the basis of the mortality table prescribed by the
     IRS, or if none is prescribed, the mortality table then in use by ITT
     Hartford.

     With respect to Non-Qualified Contracts, if you do not elect otherwise,
     payments will automatically begin at the Annuitant's age 85 under Option 2
     with 120 monthly payments certain.

     For Qualified Contracts and contracts issued in Texas, if you do not elect
     otherwise, payments will begin automatically at the Annuitant's age 85
     under Option 1 to provide a life Annuity.

     When an Annuity is effected under a contract, unless otherwise specified,
     variable values will be applied to provide a Variable Annuity based on
     Contract Values as they are held in the various Sub-Accounts under the
     contracts.  Fixed Account Contract Values will be applied to provide a
     Fixed Account Annuity.  The Contract Owner should consider the question of
     allocation of Contract Values among Sub-Accounts of the Separate Account
     and the General Account of ITT Hartford to make certain that Annuity
     payments are based on the investment alternative best suited to the
     Contract Owner's needs for retirement.

     If at any time Annuity payments with respect to a Variable or a Fixed
     Account Annuity or a combination of the two are or become less than $50.00
     per payment, ITT Hartford has the right to change the frequency of payment
     to such intervals as will result in Annuity payments of at least $50.00.
     For New York contracts the minimum payment is $20.00.

     There may be other annuity options available offered by ITT Hartford from
     time to time.

C.   Optional Annuity Forms

     OPTION 1:  Life Annuity

     A life Annuity is an Annuity payable during the lifetime of the Annuitant
     and terminating with the last monthly payment preceding the death of the
     Annuitant.  This option offers the maximum level of monthly payments of any
     of the life Annuity options since there is no guarantee of a minimum number
     of payments nor a provision for a death benefit payable to a Beneficiary.

<PAGE>

                                      - 8 -

     It would be possible under this option for an Annuitant to receive only one
     Annuity payment if he died prior to the due date of the second Annuity
     payment, two if he died before the due date of the third Annuity payment,
     etc.

     OPTION 2:  Life Annuity with 120, 180 or 240 Monthly Payments Certain

     This Annuity option is an Annuity payable monthly during the lifetime of an
     Annuitant with the provision that if, at the death of the Annuitant,
     payments have been made for less than 120, 180 or 240 months, as elected,
     then the present value as of the date of the Annuitant's death of the
     current dollar amount at the date of death, of any remaining guaranteed
     monthly payments will be paid in one sum to the Beneficiary or
     Beneficiaries designated.

<TABLE>
<CAPTION>

                        Illustration of Annuity Payments
                         Individual Age 65, Life Annuity
                            With 120 Payments Certain
                            -------------------------

     <S>                                                         <C>
     1.   Net amount applied . . . . . . . . . . . . . . . .     13,978.25
     2.   Initial monthly income per $1,000 of payment applied   6.24
     3.   Initial monthly payment (1x2 DIVIDED BY 1,000) . .    87.22
     4.   Annuity Unit value . . . . . . . . . . . . . . . .     .953217
     5.   Number of monthly Annuity Units (3 DIVIDED BY 4) .   91.501
     6.   Assume Annuity Unit value for second month equal to    .963723
     7.   Second monthly payment (6x5) . . . . . . . . . . .     88.18
     8.   Assume Annuity Unit value for third month equal to     .964917
     9.   Third monthly payment (8x5). . . . . . . . . . . .     88.29

</TABLE>

     For the purpose of this illustration, purchase is assumed to have been made
     on the fifth business day preceding the first payment date.  In determining
     the second and subsequent payments, the Annuity Unit value of the fifth
     business day preceding the Annuity due date is used.

     OPTION 3:  Joint and Last Survivor Annuity

     An Annuity payable monthly during the joint lifetime of the Annuitant and a
     designated second person, and thereafter during the remaining lifetime of
     the survivor, ceasing with the last payment prior to the death of the
     survivor.

     It would be possible under this option for an Annuitant and designated
     second person in the event of the common or simultaneous death of the
     parties to receive only one payment in the event of death prior to the due
     date for the second payment and so on.

<PAGE>

                                      - 9 -

     OPTION 4:  Payments for a Designated Period

     An amount payable monthly for the number of years selected which may be
     from 5 to 30 years.  Under this option, you may, at any time, surrender the
     contract and receive, within seven days, the Termination Value of the
     contract.

     OPTION 5:  Death Benefit Remaining with ITT Hartford

     Proceeds from the Death Benefit may be left with ITT Hartford for a period
     not to exceed five years from the date of the Contract Owner's death prior
     to the Annuity Commencement Date will remain in the Sub-Account(s) to which
     they were allocated at the time of death unless the Beneficiary elects to
     reallocate them.  Full or partial withdrawals may be made at any time.  In
     the event of withdrawals, the remaining value will equal the Contract Value
     of the proceeds left with ITT Hartford, minus any withdrawals.  Contingent
     Deferred Sales Charges, if applicable, will also be applied to all
     withdrawals.  For purposes of determining this charge, the original
     Contract Date of this Contract will be used.

     --------------------------------------------------------------------------
     Under any of the Annuity options above, excluding Option 4, no surrenders
     are permitted after Annuity payments commence.  Only full surrenders are
     allowed out of Option 4 and any such surrender will be subject to
     contingent deferred charges, if applicable.
     --------------------------------------------------------------------------

     In the event of the Annuitant's death prior to the end of the designated
     period, the present value as of the date of the Annuitant's death, of the
     current dollar amount of any remaining guaranteed monthly payments will be
     paid in one sum to the Beneficiary or Beneficiaries designated.

     Option 4 is an option that does not involve life contingencies and thus no
     mortality guarantee.  Charges made for the mortality undertaking under the
     contracts thus provide no real benefit to a Contract Owner.

D.   The Annuity Unit and Valuation

     The value of the Annuity Unit for each Sub-Account in the Separate Account
     for any day is determined by multiplying the value for the preceding day by
     the product of (1) the net investment factor (see page 11 of the
     Prospectus) for the day for which the Annuity Unit value is being
     calculated, and (2) a factor to neutralize the assumed investment rate of
     4.00% per annum discussed in Section E. below.

<PAGE>

                                     - 10 -

<TABLE>
<CAPTION>

                Illustration Of Calculation Of Annuity Unit Value
                -------------------------------------------------

     <S>                                                         <C>
     1.   Net Investment Factor for period . . . . . . .         1.011225
     2.   Adjustment for 4% Assumed Rate of Investment .
          Return . . . . . . . . . . . . . . . . . . . .         999892
     3.   2x1. . . . . . . . . . . . . . . . . . . . . .         1.011116
     4.   Annuity Unit value, beginning of period. . . .         .995995
     5.   Annuity Unit value, end of period (3x4). . . .         1.007066

</TABLE>

E.   Determination of Amount of First Monthly Annuity Payment-Fixed and Variable

     When Annuity payments are to commence, the value of the contract is
     determined as the sum of the value of the Fixed Account no earlier than the
     close of business on the fifth Valuation Day preceding the date the first
     Annuity payment is due plus the product of the value of the Accumulation
     Unit of each Sub-Account on that same day, and the number of Accumulation
     Units credited to each Sub-Account as of the date the Annuity is to
     commence.

     The contract contains tables indicating the minimum dollar amount of the
     first monthly payment under the optional forms of Annuity for each $1,000
     of value of a Sub-Account under a contract.  The first monthly payment
     varies according to the form and type of Annuity selected.  The contracts
     contains Annuity tables derived from the 1983a Individual Annuity
     Mortality table with ages set back one year with an assumed investment rate
     ("A.I.R.") of 4% per annum.  The total first monthly Variable Annuity
     payment is determined by multiplying the value (expressed in thousands of
     dollars) of a Sub-Account (less any applicable Premium Taxes) by the amount
     of the first monthly payment per $1,000 of value obtained from the tables
     in the contracts.

     Fixed Account Annuity payments are determined at annuitization by
     multiplying the values allocated to the Fixed Account by a rate to be
     determined by ITT Hartford which is no less than the rate specified in the
     Annuity tables in the contract.  The Annuity payment will remain level for
     the duration of the Annuity.

F.   Amount of Second and Subsequent Monthly Variable Annuity Payments

     The amount of the first monthly Variable Annuity payment, determined as
     described above, is divided by the value of an Annuity Unit for the
     appropriate Sub-Account no earlier than the close of business on the fifth
     Valuation Day preceding the day on which the payment is due in order to
     determine the number of Annuity Units represented by the

<PAGE>

                                     - 11 -

     first payment.  This number of Annuity Units remains fixed during the
     Annuity Period, and in each subsequent month the dollar amount of the
     Variable Annuity payment is determined by multiplying this fixed number of
     Annuity Units by the then current Annuity Unit value.

     Level Variable Annuity Payments would be produced if the investment rate
     remained constant and equal to the A.I.R.  In fact, payments will vary up
     or down as the investment rate varies up or down from the A.I.R.

G.   Date and Time of Annuity Payments

     The Annuity payments will be made on the fifteenth day of each month
     following selection.  The Annuity Unit value used in calculating the amount
     of the Variable Annuity payments will be based on an Annuity Unit value
     determined as of the close of business on a day no earlier than the fifth
     Valuation Day preceding the date of the Annuity payment.

                         CALCULATION OF YIELD AND RETURN

YIELD OF THE HVA MONEY MARKET FUND AND U.S. GOVERNMENT MONEY MARKET FUND
SUB-ACCOUNTS.  As summarized in the Prospectus under the heading "Performance
Related Information," the yield of the Money Market Fund and U.S. Government
Money Market Fund Sub-Accounts for a seven day period (the "base period") will
be computed by determining the "net change in value" (calculated as set forth
below) of a hypothetical account having a balance of one share at the beginning
of the period, dividing the net change in account value by the value of the
account at the beginning of the base period to obtain the base period return,
and multiplying the base period return by 365/7 with the resulting yield figure
carried to the nearest hundredth of one percent.  Net changes in value of a
hypothetical account will include net investment income of the account
(accrued daily dividends as declared by the underlying funds, less daily
expense charges of the account) for the period, but will not include realized
gains or losses or unrealized appreciation or depreciation on the underlying
fund shares.

The Money Market Fund and U.S. Government Money Market Fund Sub-Accounts' yield
and effective yield will vary in response to fluctuations in interest rates and
in the expenses of the two Sub-Accounts.

THE CURRENT YIELD AND EFFECTIVE YIELD REFLECT RECURRING CHARGES ON THE SEPARATE
ACCOUNT LEVEL, INCLUDING THE MAXIMUM ANNUAL POLICY FEE.

Money Market Fund Sub-Account

<PAGE>

                                     - 12 -

The yield and effective yield for the seven day period ending December 31, 1994
is as follows:

     ($25 annual policy fee)

Yield          4.06%
Effective Yield 4.14%

U.S. Government Money Market Fund Sub-Account

The yield and effective yield for the sub-account for the seven day period
ending December 31, 1994 is as follows:

     ($25 annual policy fee)

Yield          3.74%
Effective Yield 3.81%

YIELDS OF HARTFORD BOND FUND AND HARTFORD MORTGAGE SECURITIES FUND SUB-ACCOUNTS.
As summarized in the Prospectus under the heading "Performance Related
Information," yields of these two Sub-Accounts will be computed by annualizing a
recent month's net investment income, divided by a Fund share's net asset value
on the last trading day of that month.  Net changes in the value of a
hypothetical account will assume the change in the underlying mutual fund's "net
asset value per share" for the same period in addition to the daily expense
charge assessed, at the sub-account level for the respective period.  The Bond
Fund and Mortgage Securities Fund Sub-Accounts' yields will vary from time to
time depending upon market conditions and, the composition of the underlying
funds' portfolios.  Yield should also be considered relative to changes in the
value of the Sub-Accounts' shares and to the relative risks associated with the
investment objectives and policies of the Bond Fund and Hartford Mortgage
Securities Fund.

The yield reflects recurring charges on the Separate Account level, including
the annual policy fee.

BOND FUND SUB-ACCOUNT

Yield calculations of the Sub-Account used for illustration purposes reflect the
interest earned by the Sub-Account, less applicable asset charges assessed
against a Contract Owner's account over the base period.  The following is the
method used to determine the yield for the 30 day period ended December 31,
1994.

Example:

Current Yield Formula for the Sub-Account
2*[((A-B)/(C*D) + 1)TO THE 6TH POWER - 1]

<PAGE>

                                     - 13 -

Where A = Dividends and interest earned during the period.
      B = Expenses accrued for the period (net of reimbursements)
      C = The average daily number of units outstanding during
         the period that were entitled to receive dividends.
      D = The maximum offering price per unit on the last day
          of the period.

      Yield =  5.87%

MORTGAGE SECURITIES FUND SUB-ACCOUNT

Yield calculations of the Sub-Account used for illustration purposes reflect the
interest earned by the Sub-Account, less applicable asset charges assessed
against a Contract Owner's account over the base period.  The following is the
method used to determine the yield for the 30 days period ended December 31,
1994.

Example:

Current Yield Formula for the Sub-Account
2*[((A-B)/(C*D) + 1)TO THE 6TH POWER - 1]

Where A = Dividends and interest earned during the period.
      B = Expenses accrued for the period (net of reimbursements).
      C = The average daily number of units outstanding during
          the period that were entitled to receive dividends.
      D = The maximum offering price per unit on the last day
          of the period.

       Yield = 6.51%

At any time in the future, yields and total return may be higher or lower than
past yields and there can be no assurance that any historical results will
continue.

The method of calculating yields described above for these Sub-Accounts differs
from the method used by the Sub-Accounts prior to May 1, 1988.  The denominator
of the fraction used to calculate yield was previously the average unit value
for the period calculated.  That denominator will hereafter be the unit value of
the Sub-Accounts on the last trading day of the period calculated.

CALCULATION OF TOTAL RETURN.  As summarized in the Prospectus under the heading
"Performance Related Information", total return is a measure of the change in
value of an investment in a Sub-Account over the period covered.  The formula
for total return used herein includes three steps: (1) calculating the value of
the hypothetical initial investment of $1,000 as of the end of the period by
multiplying the total number of units owned at the end of the period by the unit

<PAGE>

                                     - 14 -

value per unit on the last trading day of the period by the unit value per unit
on the last trading day of the period; (2) assuming redemption at the end of the
period and deducting any applicable contingent deferred sales charge and (3)
dividing this account value for the hypothetical investor by the initial $1,000
investment and annualizing the result for periods of less than one year.  Total
return will be calculated for one year, five years and ten years or some other
relevant periods if a Sub-Account has not been in existence for at least ten
years.

                             PERFORMANCE COMPARISONS

YIELD AND TOTAL RETURN.  Each Sub-Account may from time to time include its
total return in advertisements or in information furnished to present to
prospective shareholders.  Each Sub-Account may from time to time include its
yield and total return in advertisements or information furnished to present to
prospective shareholders.  Each Sub-Account may from time to time include in
advertisements its total return (and yield in the case of certain Sub-Accounts)
the ranking of those performance figures relative to such figures for groups of
other annuities analyzed by Lipper Analytical Services as having the same
investment objectives.

The total return and yield may also be used to compare the performance of the
Sub-Accounts against certain widely acknowledged outside standards or indices
for stock and bond market performance.  The Standard & Poor's Composite Index of
500 Stocks (the "S&P 500") is a market value-weighted and unmanaged index
showing the changes in the aggregate market value of 500 stocks relative to the
base period 1941-43.  The S&P 500 is composed almost entirely of common stocks
of companies listed on the New York Stock Exchange, although the common stocks
of a few companies listed on the American Stock Exchange or traded
over-the-counter are included.  The 500 companies represented include 400
industrial, 60 transportation and 40 financial services concerns.  The S&P 500
represents about 80% of the market value of all issues traded on the New York
Stock Exchange.

The NASDAQ-OTC Price Index (The "NASDAQ Index") is a market value-weighted and
unmanaged index showing the changes in the aggregate market value of
approximately 3,500 stocks relative to the base measure of 100.00 on February 5,
1971.  The NASDAQ Index is composed entirely of common stocks of companies
traded over-the-counter and often through the National Association of Securities
Dealers Automated Quotations ("NASDAQ") system.  Only those over-the-counter
stocks having only one market maker or traded on exchanges are excluded.

The Shearson Lehman Government Bond Index (the "SL Government Index") is a
measure of the market value of all public obligations of the U.S. Treasury; all
publicly issued debt of all agencies of the U.S. Government and all
quasi-federal corporations; and all corporate debt guaranteed by the U.S.
Government.  Mortgage-backed securities, flower bonds and foreign targeted
issues are not included in the SL Government Index.

<PAGE>

                                     - 15 -

The Shearson Lehman Government/Corporate Bond Index (the "SL
Government/Corporate Index") is a measure of the market value of approximately
5,300 bonds with a face value currently in excess of $1.3 trillion.  To be
included in the SL Government/Corporate Index, an issue must have amounts
outstanding in excess of $1 million, have at least one year to maturity and be
rated "Baa" or higher ("investment grade") by a nationally recognized rating
agency.

The manner in which total return and yield will be calculated for public use is
described above.  The following table summarizes the calculation of total return
and yield for each Sub-Account, where applicable, through December 31, 1994.

There are no financial statements for the Separate Account since no contracts
have been sold yet.


<PAGE>

MONEY MARKET FUND - DIRECTOR

The following is an example of this yield calculation for the Sub-Account based
on a seven day period ending                 December 31, 1994.

<TABLE>
<CAPTION>

<S>                                                                                                                 <C>
Assumption:

     Value of a hypothetical pre-existing account
     with exactly one unit at the beginning of the
     period: . . . . . . . . . . . . . . . . . . . . .                                                              $1.461333

     Value of the same account (excluding capital
     changes) at the end of the seven day period . . .                                                              $1.462471

Calculation:

     Ending account value. . . . . . . . . . . . . . .                                                              $1.462471

     Less beginning account value. . . . . . . . . . .                                                            1.461333423

     Net change in account value . . . . . . . . . . .                                                              $0.001138

Base period return:

     (adjusted change/beginning account value)
          $0.001138  /            $1.461333                                                                         $0.000778

Current yield=                    $0.000778 * (365/7)= . . . .                                                          4.06%

Effective yield=    (1+            0.000778 )[RAISED TO THE POWER OF]365/7 - 1=. . .                                    4.14%

</TABLE>

<PAGE>

U.S. GOVERNMENT MONEY MARKET FUND - DIRECTOR

The following is an example of this yield calculation for the Sub-Account based
on a seven day period ending                           December 31, 1994.

<TABLE>
<CAPTION>

<S>                                                                                                                 <C>
Assumption:

     Value of a hypothetical pre-existing account
     with exactly one unit at the beginning of the
     period: . . . . . . . . . . . . . . . . . . . . .                                                              $1.407961

     Value of the same account (excluding capital
     changes) at the end of the seven day period . . .                                                              $1.408971

Calculation:

     Ending account value. . . . . . . . . . . . . . .                                                              $1.408971

     Less beginning account value. . . . . . . . . . .                                                            1.407960752

     Net change in account value . . . . . . . . . . .                                                              $0.001010

Base period return:

     (adjusted change/beginning account value)
          $0.001010  /            $1.407961. . . . . .                                                              $0.000718

Current yield=                    $0.000718 * (365/7)= . . . .                                                          3.74%

Effective yield=    (1+            0.000718 )[RAISED TO THE POWER OF]365/7 - 1=. . .                                    3.81%

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

          AVERAGE ANNUAL TOTAL RETURN as of December 31, 1994


DIRECTOR ITT HARTFORD LIFE & ANNUITY                                       PERIODS ENDED

- -----------------------------------------------------------------------------------------------------------------------------------
Sub-Account                                            Inception
                                                          Date       1 YEAR         5 YEAR       10 YR/INCEPT.

- -----------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>           <C>             <C>          <C>
Bond Fund Sub-Account                                  08/31/77      -14.28           3.07                5.51

Stock Fund Sub-Account                                 08/31/77      -12.38           4.00               10.29

Money Market Fund Sub-Account                          07/01/80       -6.83           0.66                2.83

Advisers Fund Sub-Account                              03/31/83      -13.14           3.48                8.77

Aggressive Growth Fund Sub-Account                     04/02/84       -8.24          10.80               13.07

U.S. Government Money Market Sub-Account               04/30/83       -7.12           0.26                2.31

Mortgage Securities Fund Sub-Account                   01/15/85      -12.13           2.54                5.64

Index Fund Sub-Account                                 05/01/87       -9.79           3.76                5.33

International Opportunities Fund Sub-Account           07/02/90      -12.43        N/A                    0.22

Dividend & Growth Fund Sub-Account                     03/08/94      N/A           N/A                   -8.57


<FN>

NOTE:  Average annual total return assumes a hypothetical initial payment of $1,000.  At the end of
       each period, a total surrender is assumed.  Maintenance fees of $25 and contingent deferred
       sales loads of up to 7%, if applicable, are deducted to determine ending redeemable value of
       the original payment.  Then, the ending redeemable value is divided by the original investment
       to calculate total return.

</TABLE>



<PAGE>


          EXPLANATION OF TOTAL RETURN CALCULATION

<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Director IV              ---------------------------------------One Year---------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------

              INITIAL    NUMBER OF        UNIT           GROSS                   REAR                 ANNUAL         ENDING
Sub-Account   PAYMENT  UNITS PER      x  VALUE      =  SURRENDER     LESS         END        LESS     POLICY   =   REDEMPTION
                         INITIAL PMT.     @12/31/94       VALUE        (-)        LOAD        (-)       FEES           VALUE
- ----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>      <C>               <C>           <C>          <C>         <C>         <C>       <C>          <C>
Bond           $1,000     590.439370      $1.606681      $948.65                 66.41                    $25           $857.24



  TOTAL RETURN FORMULA:

                        n
                          --------------
                              ERV              - 1
                T =       -------
                                P

                        1
                          --------------

                T =              $857.24
                                 -------       - 1           =        -14.28%
                               $1,000.00                        -------------
                                                                -------------

     Where:       P =     a hypothetical initial payment ( of $1,000) invested on 12/31/93.
                  T =     average annual total return assuming reinvestment of monthly dividend
                          distributions and annual capital gains distributions.
                  n =     number of years
             ERV  =       ending redeemable value

Note:     Total return includes  deductions for separate account charges, contingent deferred sales charges
          of up to 7% (of original investment), and annual maintenance fees of $25.
          (For this example, the year one load is 7% of the initial payment.)

</TABLE>


<PAGE>
SEPARATE ACCOUNT ONE
ITT HARTFORD LIFE & ANNUITY INSURANCE COMPANY
STATEMENT OF ASSETS & LIABILITIES
DECEMBER 31, 1994

<TABLE>
<CAPTION>
                                                                 BOND FUND       STOCK FUND
                                                                SUB-ACCOUNT     SUB-ACCOUNT
                                                              ---------------   ------------
<S>                                                           <C>               <C>
ASSETS:
Investments
  Hartford Bond Fund, Inc.
    Shares                       58,279,384
    Cost                       $ 60,154,930
    Market Value............................................    $53,967,875          --
  Hartford Stock Fund, Inc.
    Shares                       86,363,872
    Cost                       $255,759,492
    Market Value............................................       --           $241,944,934
  HVA Money Market Fund, Inc.
    Shares                       45,148,190
    Cost                       $ 45,148,190
    Market Value............................................       --                --
  Hartford Advisers Fund, Inc.
    Shares                      515,551,037
    Cost                       $875,896,881
    Market Value............................................       --                --
  Hartford Aggressive Growth Fund, Inc.
    Shares                      106,550,203
    Cost                       $310,343,139
    Market Value............................................       --                --
  Hartford Mortgage Securities Fund, Inc.
    Shares                       49,340,635
    Cost                       $ 53,204,068
    Market Value............................................       --
  Hartford Index Fund, Inc.
    Shares                       13,827,482
    Cost                       $ 21,110,595
    Market Value............................................       --
  Hartford International Opportunities Fund, Inc.
    Shares                      176,621,294
    Cost                       $207,575,564
    Market Value............................................       --
  Hartford Dividend and Growth Fund, Inc.
    Shares                       22,309,567
    Cost                       $ 22,574,647
    Market Value............................................       --
  Due from ITT Hartford Life and Annuity Insurance
   Company..................................................         11,837          310,711
  Receivable from fund shares sold..........................       --                --
                                                              ---------------   ------------
  Total Assets..............................................     53,979,712      242,255,645
                                                              ---------------   ------------
LIABILITIES:
  Due to ITT Hartford Life and Annuity Insurance Company....       --                --
  Payable for fund shares purchased.........................         11,767          311,429
                                                              ---------------   ------------
  Total Liabilities.........................................         11,767          311,429
                                                              ---------------   ------------
  Net Assets (variable annuity contract liabilities)........    $53,967,945     $241,944,216
                                                              ---------------   ------------
                                                              ---------------   ------------

DEFERRED ANNUITY CONTRACTS IN THE ACCUMULATION PERIOD:
INDIVIDUAL SUB-ACCOUNTS:
Units Owned by Participants.................................     33,589,708      110,927,739
Unit Price..................................................    $  1.606681     $   2.180436

ANNUITY CONTRACTS IN THE ANNUITY PERIOD:
INDIVIDUAL SUB-ACCOUNTS:
Units Owned by Participants.................................       --                 33,654
Unit Price..................................................       --           $   2.180436
</TABLE>

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       66
<PAGE>

<TABLE>
<CAPTION>
                                               MORTGAGE                   INTERNATIONAL  DIVIDEND
     MONEY                      AGGRESSIVE    SECURITIES                  OPPORTUNITIES     AND
  MARKET FUND  ADVISERS FUND   GROWTH FUND       FUND        INDEX FUND   FUND         GROWTH FUND
  SUB-ACCOUNT   SUB-ACCOUNT    SUB-ACCOUNT    SUB-ACCOUNT    SUB-ACCOUNT  SUB-ACCOUNT  SUB-ACCOUNT
  -----------  -------------   ------------  -------------   -----------  -----------  -----------

  <S>          <C>             <C>           <C>             <C>          <C>          <C>
      --            --             --             --             --          --            --

      --            --             --             --             --          --            --

  $45,148,190       --             --             --             --          --            --

      --        $825,129,123       --             --             --          --            --

      --            --         $304,720,795       --             --          --            --

      --            --             --         $48,569,934        --          --            --

      --            --             --             --         $21,048,055     --            --

      --            --             --             --             --     $207,655,422     --

      --            --             --             --             --          --       $22,177,718
      --            375,037      1,026,362        213,430        38,581    258,806         75,996
     485,795        --             --             --             --          --            --
  -----------  -------------   ------------  -------------   -----------  -----------  -----------
  45,633,985    825,504,160    305,747,157     48,783,364    21,086,636   207,914,228  22,253,714
  -----------  -------------   ------------  -------------   -----------  -----------  -----------

     486,251        --             --             --             --          --            --
      --            375,356        950,866        213,438        37,673    258,185         75,636
  -----------  -------------   ------------  -------------   -----------  -----------  -----------
     486,251        375,356        950,866        213,438        37,673    258,185         75,636
  -----------  -------------   ------------  -------------   -----------  -----------  -----------
  $45,147,734   $825,128,804   $304,796,291   $48,569,926    $21,048,963  $207,656,043 $22,178,078
  -----------  -------------   ------------  -------------   -----------  -----------  -----------
  -----------  -------------   ------------  -------------   -----------  -----------  -----------

  30,870,858    414,317,737    116,534,837     29,673,872    12,029,945   175,763,181  21,972,960
  $ 1.462471    $  1.990804    $  2.615288    $  1.636791    $ 1.749714   $1.181321    $ 1.009335

      --            152,399          9,227        --             --         19,729         --
      --        $  1.990804    $  2.615288        --             --       $1.181321        --
</TABLE>

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       67
<PAGE>
SEPARATE ACCOUNT ONE
ITT HARTFORD LIFE & ANNUITY INSURANCE COMPANY
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1994

<TABLE>
<CAPTION>
                                                                 BOND FUND       STOCK FUND
                                                                SUB-ACCOUNT     SUB-ACCOUNT
                                                              ---------------   ------------
<S>                                                           <C>               <C>
INVESTMENT INCOME:
  Dividends.................................................    $   3,173,012   $  4,361,534
EXPENSES:
  Mortality and expense undertakings........................         (627,479)    (2,430,945)
                                                              ---------------   ------------
    Net investment income (loss)............................        2,545,533      1,930,589
                                                              ---------------   ------------
  Capital gains income (loss)...............................          757,945      8,908,976
                                                              ---------------   ------------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
  Net realized gain (loss) on security transactions.........           (3,236)       (23,731)
  Net unrealized appreciation (depreciation) of investments
    during the period.......................................       (5,831,746)   (17,046,792)
                                                              ---------------   ------------
    Net gain (loss) on investments..........................       (5,834,982)   (17,070,523)
                                                              ---------------   ------------
    Net increase (decrease) in net assets resulting from
     operations.............................................    $  (2,531,504)  $ (6,230,958)
                                                              ---------------   ------------
                                                              ---------------   ------------
<FN>

 * From Inception, March 8, 1994, to December 31, 1994.
</TABLE>

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       68
<PAGE>

<TABLE>
<CAPTION>
                                                    MORTGAGE
      MONEY                          AGGRESSIVE    SECURITIES                    INTERNATIONAL       DIVIDEND AND
   MARKET FUND     ADVISERS FUND    GROWTH FUND       FUND        INDEX FUND   OPPORTUNITIES FUND     GROWTH FUND
   SUB-ACCOUNT      SUB-ACCOUNT     SUB-ACCOUNT    SUB-ACCOUNT    SUB-ACCOUNT     SUB-ACCOUNT        SUB-ACCOUNT*
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------

  <S>             <C>               <C>           <C>             <C>          <C>                  <C>
   $ 1,381,006      $  24,349,026   $    970,671   $ 3,274,279    $  445,823      $ 2,272,300         $   280,196

      (427,256)        (8,968,107)    (2,911,366)     (610,340)     (217,268 )     (1,978,543)            (87,440)
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------
       953,750         15,380,919     (1,940,695)    2,663,939       228,555          293,757             192,756
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------
       --              16,501,543     14,446,172       213,039        --             --                  --
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------

       --                  23,627       (149,645)      (34,292)       (7,380 )        (12,268)               (265)
       --             (59,864,328)    (9,016,266)   (4,263,500)     (259,651 )     (6,002,430)           (396,930)
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------
       --             (59,840,701)    (9,165,911)   (4,297,792)     (267,031 )     (6,014,698)           (397,195)
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------
   $   953,750      $ (27,958,239)  $  3,339,566   $(1,420,814)   $  (38,476 )    $(5,720,941)        $  (204,439)
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------
  -------------   ---------------   ------------  -------------   -----------  ------------------   ---------------
</TABLE>

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       69
<PAGE>
SEPARATE ACCOUNT ONE
ITT HARTFORD LIFE & ANNUITY INSURANCE COMPANY
STATEMENT OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 1994
<TABLE>
<CAPTION>
                                                                 BOND FUND       STOCK FUND
                                                                SUB-ACCOUNT     SUB-ACCOUNT
                                                              ---------------   ------------
<S>                                                           <C>               <C>
OPERATIONS:
  Net investment income (loss)..............................    $   2,545,533   $  1,930,589
  Capital gains income......................................          757,945      8,908,976
  Net realized gain (loss) on security transactions.........           (3,236)       (23,731)
  Net unrealized appreciation (depreciation) of investments
   during the period........................................       (5,831,746)   (17,046,792)
                                                              ---------------   ------------
  Net increase (decrease) in net assets resulting from
   operations...............................................       (2,531,504)    (6,230,958)
                                                              ---------------   ------------
UNIT TRANSACTIONS:
  Purchases.................................................       21,372,612     89,041,867
  Net transfers.............................................       (2,221,994)    28,767,921
  Surrenders................................................       (2,964,388)    (5,703,110)
  Net annuity transactions..................................        --                73,792
                                                              ---------------   ------------
  Net increase (decrease) in net assets resulting from unit
   transactions.............................................       16,186,230    112,180,470
                                                              ---------------   ------------
  Total increase (decrease) in net assets...................       13,654,726    105,949,512
NET ASSETS:
  Beginning of period.......................................       40,313,219    135,994,704
                                                              ---------------   ------------
  End of period.............................................    $  53,967,945   $241,944,216
                                                              ---------------   ------------
                                                              ---------------   ------------

ITT HARTFORD LIFE & ANNUITY INSURANCE COMPANY
STATEMENT OF CHANGES IN NET ASSETS
FROM INCEPTION (MAY 1, 1993) TO DECEMBER 31, 1993

<CAPTION>
                                                                 BOND FUND       STOCK FUND
                                                                SUB-ACCOUNT     SUB-ACCOUNT
                                                              ---------------   ------------
<S>                                                           <C>               <C>
OPERATIONS:
  Net investment income (loss)..............................    $     520,177   $    293,076
  Capital gains income......................................        --               --
  Net realized gain (loss) on security transactions.........              489           (199)
  Net unrealized appreciation (depreciation) of investments
   during the period........................................         (355,308)     3,232,232
                                                              ---------------   ------------
  Net increase (decrease) in net assets resulting from
   operations...............................................          165,358      3,525,109
                                                              ---------------   ------------
UNIT TRANSACTIONS:
  Purchases.................................................       22,792,901     56,061,991
  Net transfers.............................................       17,677,880     77,234,934
  Surrenders................................................         (322,920)      (827,330)
  Net annuity transactions..................................        --               --
                                                              ---------------   ------------
  Net increase (decrease) in net assets resulting from unit
   transactions.............................................       40,147,861    132,469,595
                                                              ---------------   ------------
  Total increase (decrease) in net assets...................       40,313,219    135,994,704
NET ASSETS:
  Beginning of period.......................................        --               --
                                                              ---------------   ------------
  End of period.............................................    $  40,313,219   $135,994,704
                                                              ---------------   ------------
                                                              ---------------   ------------
<FN>

 From Inception, March 8, 1994, to December 31, 1994.
</TABLE>

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       70
<PAGE>
<TABLE>
<CAPTION>
                                              MORTGAGE
     MONEY                     AGGRESSIVE    SECURITIES                    INTERNATIONAL         DIVIDEND AND
  MARKET FUND  ADVISERS FUND  GROWTH FUND       FUND        INDEX FUND   OPPORTUNITIES FUND      GROWTH FUND
  SUB-ACCOUNT   SUB-ACCOUNT   SUB-ACCOUNT    SUB-ACCOUNT    SUB-ACCOUNT     SUB-ACCOUNT          SUB-ACCOUNT*
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------

  <S>          <C>            <C>           <C>             <C>          <C>                  <C>
  $   953,750   $ 15,380,919  $ (1,940,695)  $ 2,663,939    $   228,555     $   293,757          $   192,756
      --          16,501,543    14,446,172       213,039        --             --                   --
      --              23,627      (149,645)      (34,292)        (7,380)        (12,268)                (265)
      --         (59,864,328)   (9,016,266)   (4,263,500)      (259,651)     (6,002,430)            (396,930)
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------
      953,750    (27,958,239)    3,339,566    (1,420,814)       (38,476)     (5,720,941)            (204,439)
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------

   40,174,720    323,714,540   122,054,442    10,417,811      7,532,638     101,186,682           15,598,653
  (14,446,701)    47,515,115    33,168,295    (6,272,107)     1,088,140      35,079,810            6,923,603
   (2,731,912)   (26,173,012)   (5,255,587)   (1,961,038)      (680,688)     (3,519,088)            (139,739)
      --             176,273        23,166       --             --               23,455             --
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------
   22,996,107    345,232,916   149,990,316     2,184,666      7,940,090     132,770,859           22,382,517
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------
   23,949,857    317,274,677   153,329,882       763,852      7,901,614     127,049,918           22,178,078

   21,197,877    507,854,127   151,466,409    47,806,074     13,147,349      80,606,125             --
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------
  $45,147,734   $825,128,804  $304,796,291   $48,569,926    $21,048,963     $207,656,043         $22,178,078
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------
  -----------  -------------  ------------  -------------   -----------  ------------------   ------------------

<CAPTION>
                                              MORTGAGE
     MONEY                     AGGRESSIVE    SECURITIES                    INTERNATIONAL
  MARKET FUND  ADVISERS FUND  GROWTH FUND       FUND        INDEX FUND   OPPORTUNITIES FUND
  SUB-ACCOUNT   SUB-ACCOUNT   SUB-ACCOUNT    SUB-ACCOUNT    SUB-ACCOUNT     SUB-ACCOUNT
  -----------  -------------  ------------  -------------   -----------  ------------------
  <S>          <C>            <C>           <C>             <C>          <C>                  <C>

  $   115,574   $  2,566,815  $   (309,131)  $   620,461    $    51,784     $   (76,767)
      --            --             --            --             --             --
      --            --                (185)          552            635              (1)
      --           9,096,571     3,393,923      (370,634)       197,111       6,082,288
  -----------  -------------  ------------  -------------   -----------  ------------------
      115,574     11,663,386     3,084,607       250,379        249,530       6,005,520
  -----------  -------------  ------------  -------------   -----------  ------------------

   21,446,933    275,129,778    71,778,505    20,561,046      6,339,790      41,267,793
      814,852    224,917,550    77,616,027    27,527,230      6,640,394      33,691,941
   (1,179,482)    (3,989,625)   (1,012,730)     (532,581)       (82,365)       (359,129)
      --             133,038       --            --             --             --
  -----------  -------------  ------------  -------------   -----------  ------------------
   21,082,303    496,190,741   148,381,802    47,555,695     12,897,819      74,600,605
  -----------  -------------  ------------  -------------   -----------  ------------------
   21,197,877    507,854,127   151,466,409    47,806,074     13,147,349      80,606,125

      --            --             --            --             --             --
  -----------  -------------  ------------  -------------   -----------  ------------------
  $21,197,877   $507,854,127  $151,466,409   $47,806,074    $13,147,349     $80,606,125
  -----------  -------------  ------------  -------------   -----------  ------------------
  -----------  -------------  ------------  -------------   -----------  ------------------
</TABLE>

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

                                       71
<PAGE>
SEPARATE ACCOUNT ONE
ITT HARTFORD LIFE & ANNUITY INSURANCE COMPANY
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1994

 1.  ORGANIZATION:

    Separate  Account One (the Account) is  a separate investment account within
    ITT  Hartford  Life  &  Annuity  Insurance  Company  (the  Company)  and  is
    registered  with  the Securities  and Exchange  Commission  (SEC) as  a unit
    investment trust under the Investment Company Act of 1940, as amended.  Both
    the Company and the Account are subject to supervision and regulation by the
    Department of Insurance of the State of Connecticut and the SEC.

 2.  SIGNIFICANT ACCOUNTING POLICIES:

    The  following  is  a  summary of  significant  accounting  policies  of the
    Account,  which  are  in  accordance  with  generally  accepted   accounting
    principles in the investment company industry:

    a)  SECURITY TRANSACTIONS--Security  transactions are recorded  on the trade
       date (date the  order to buy  or sell is  executed). Cost of  investments
       sold  is determined on the basis of identified cost. Dividend and capital
       gains income are accrued as of the ex-dividend date.

    b) SECURITY VALUATION--The investment in shares of the Hartford mutual funds
       are valued at the closing net asset value per share as determined by  the
       appropriate Fund as of December 31, 1994.

    c)  FEDERAL INCOME TAXES--The operations of the  Account form a part of, and
       are taxed with, the total operations of the Company, which is taxed as an
       insurance company under the Internal Revenue Code. Under current law,  no
       federal  income taxes are  payable with respect to  the operations of the
       Account.

 3.  ADMINISTRATION OF THE ACCOUNT AND RELATED CHARGES:

    a) MORTALITY AND  EXPENSE UNDERTAKINGS--The Company,  as issuer of  variable
       annuity  contracts, provides the mortality  and expense undertakings and,
       with respect to the  Account, receives a maximum  annual fee of 1.25%  of
       the Account's average daily net assets.

    b) Deduction of Annual Maintenance Fee--Annual maintenance fees are deducted
       through termination of units of interest from applicable contract owners'
       accounts, in accordance with the terms of the contracts.

                                       71

<PAGE>

REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

TO ITT HARTFORD LIFE & ANNUITY INSURANCE COMPANY
SEPARATE ACCOUNT ONE AND TO THE
OWNERS OF UNITS OF INTEREST THEREIN:

 We  have audited  the accompanying statement  of assets and  liabilities of ITT
 Hartford Life & Annuity Insurance Company  Separate Account One as of  December
 31,  1994, and the related statement of  operations for the year then ended and
 statement of changes in net assets for  the year then ended and for the  period
 from  inception, May 1, 1993, to  December 31, 1993. These financial statements
 are the responsibility of  the Company's management.  Our responsibility is  to
 express an opinion on these financial statements based on our audits.

 We  conducted  our  audits  in  accordance  with  generally  accepted  auditing
 standards. Those standards require that we plan and perform the audit to obtain
 reasonable assurance  about  whether  the  financial  statements  are  free  of
 material  misstatement. An audit includes examining,  on a test basis, evidence
 supporting the amounts and  disclosures in the  financial statements. An  audit
 also   includes  assessing  the  accounting  principles  used  and  significant
 estimates made  by management,  as  well as  evaluating the  overall  financial
 statement  presentation. We believe that our  audits provide a reasonable basis
 for our opinion.

 In our opinion, the financial statements  referred to above present fairly,  in
 all  material respects, the  financial position of ITT  Hartford Life & Annuity
 Insurance Company Separate Account One as of December 31, 1994, the results  of
 its  operations for the year  then ended and the changes  in its net assets for
 the year then ended and for the period from inception, May 1, 1993 to  December
 31, 1993, in conformity with generally accepted accounting principles.

 Hartford, Connecticut
 February 10, 1995                                           Arthur Andersen LLP

                                       73
<PAGE>


                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY

                      STATUTORY-BASIS FINANCIAL STATEMENTS

                        AS OF DECEMBER 31, 1994 AND 1993

                                  TOGETHER WITH

                                AUDITORS' REPORT


<PAGE>


                        [ARTHUR ANDERSEN LLP LETTERHEAD]



                    REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS


To the Board of Directors of

          ITT Hartford Life and Annuity Insurance Company:

We have audited the accompanying statutory-basis balance sheets of ITT Hartford
Life and Annuity Insurance Company (Wisconsin corporation and wholly-owned
subsidiary of Hartford Life Insurance Company) (the Company) as of December 31,
1994 and 1993, and the related statutory-basis statements of income, changes in
capital and surplus and cash flows for each of the three years in the period
ended December 31, 1994. These financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these
statutory-basis financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

The Company presents its financial statements in conformity with statutory
accounting practices as described in Note 1. When statutory-basis financial
statements are presented for purposes other than for filing with a regulatory
agency, generally accepted auditing standards require that an auditor's report
on them state whether they are presented in conformity with generally accepted
accounting principles. The accounting practices used by the Company vary from
generally accepted accounting principles as explained and quantified in Note 1.
In our opinion, because the differences in accounting practices as described in
Note 1 are material, the statutory-basis financial statements referred to above
do not present fairly, in accordance with generally accepted accounting
principles, the financial position of the Company as of December 31, 1994 and
1993, and the results of its operations and its cash flows for each of the three
years in the period ended December 31, 1994.

<PAGE>

                                       -2-


However, in our opinion, the statutory-basis financial statements referred to
above present fairly, in all material respects, the financial position of the
Company as of December 31, 1994 and 1993, and the results of its operations and
its cash flows for each of the three years in the period ended December 31, 1994
in conformity with statutory accounting practices as described in Note 1.


Hartford, Connecticut
January 30, 1995



<PAGE>



                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
                             STATUTORY BALANCE SHEETS
                                     ($000)

<TABLE>
<CAPTION>

                                                                       December 31,
                                                          --------------------------------------
                                                             1994                        1993
                                                          ----------                  ----------
<S>                                                      <C>                         <C>
ASSETS
  Bonds                                                  $   798,501                 $   294,338
  Common Stocks                                                2,275                       1,599
  Policy Loans                                                20,145                       1,859
  Cash & Short-Term Investments                               84,312                      33,232
  Other Invested Assets                                        2,519                         458
                                                          ----------                  ----------
    Total Cash & Invested Assets                             907,752                     331,486
                                                          ----------                  ----------

  Investment Income Due & Accrued                             12,757                       4,426
  Premium Balances Receivable                                    467                          46
  Receivables from Affiliates                                  2,861                       4,320
  Other Assets                                                13,749                      17,254
  Separate Account Assets                                  3,588,077                   2,053,775
                                                          ----------                  ----------
     Total Assets                                        $ 4,525,663               $   2,411,307
                                                          ----------                  ----------
                                                          ----------                  ----------
LIABILITIES
  Aggregate Reserves for Future Benefits                 $   447,284               $      41,195
  Policy & Contract Claims                                     9,902                         740
  Liability for Premium & Other Deposit Funds                479,202                     284,159
  Asset Valuation Reserve                                      2,422                       1,066
  Payable to Affiliates                                        7,840                      13,618
  Other Liabilities                                         (100,349)                    (71,939)
  Separate Account Liabilities                             3,588,077                   2,053,775
                                                          ----------                  ----------
     Total Liabilities                                     4,434,378                   2,322,614
                                                          ----------                  ----------
                                                          ----------                  ----------
CAPITAL AND SURPLUS
  Common Stock                                                 2,500                       2,500
  Gross Paid-In & Contributed Surplus                        114,109                     114,109
  Unassigned Funds                                           (25,324)                    (27,916)
                                                          ----------                  ----------
    Total Capital and Surplus                                 91,285                      88,693
                                                          ----------                  ----------

TOTAL LIABILITIES AND CAPITAL AND SURPLUS                $ 4,525,663               $   2,411,307
                                                          ----------                  ----------
                                                          ----------                  ----------
</TABLE>

               The accompanying notes are an integral part of
                          these financial statements.

<PAGE>

                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
                         STATUTORY STATEMENTS OF INCOME
                                   ($000)

<TABLE>
<CAPTION>

                                                                 Years Ended December 31,
                                                          --------------------------------------
                                                              1994         1993          1992
                                                          ----------    ----------    ----------
<S>                                                      <C>           <C>           <C>
REVENUES
  Premiums & Annuity Considerations                      $   442,173   $    14,281   $     9,974
  Annuity & Other Fund Deposits                              608,685     1,986,140         1,292
  Net Investment Income                                       29,012         7,970         5,666
  Commissions & Expense Allowances on Reinsurance Ceded      154,527        60,700        50,209
  Reserve Adjustment on Reinsurance Ceded                  1,266,926             0             0
  Other Revenues                                              41,857       369,598          (231)
                                                          ----------    ----------    ----------
    Total Revenues                                         2,543,180     2,438,689        66,910
                                                          ----------    ----------    ----------

BENEFITS AND EXPENSES
  Death and Annuity Benefits                                   7,948         3,192         2,822
  Surrenders and Other Benefit Payments                      181,749         4,955         1,836
  Commissions and Other Expenses                             186,303       132,169        57,360
  Increase in Reserves for Future Benefits                   416,748         5,120         3,765
  Increase in Liability for Premium
      and Other Deposit Funds                                182,934       281,024           887
  Net transfers to Separate Accounts                       1,541,419     2,013,183             0
                                                          ----------    ----------    ----------
    Total Benefits and Expenses                            2,517,101     2,439,643        66,670
                                                          ----------    ----------    ----------

NET GAIN (LOSS) FROM OPERATIONS
  BEFORE FEDERAL INCOME TAXES                                 26,079          (954)          240

  Federal Income Taxes                                        24,038        11,270         1,561
                                                          ----------    ----------    ----------
NET GAIN (LOSS) FROM OPERATIONS                                2,041       (12,224)       (1,321)

  Net Realized Capital Gains                                      (2)          877           120
                                                          ----------    ----------    ----------

NET INCOME (LOSS)                                        $     2,039   $   (11,347)  $    (1,201)
                                                          ----------    ----------    ----------
                                                          ----------    ----------    ----------
</TABLE>


                 The accompanying notes are an integral part of
                          these financial statements.

<PAGE>

                ITT  HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
              STATUTORY STATEMENTS OF CHANGES IN CAPITAL AND SURPLUS
                                    ($000)

<TABLE>
<CAPTION>

                                                                  Years Ended December 31,
                                                           -------------------------------------

                                                              1994         1993           1992
                                                           ---------     ---------     ---------
<S>                                                      <C>            <C>           <C>
CAPITAL & SURPLUS - BEGINNING OF YEAR                    $    88,693    $   30,027    $   41,227
                                                           ---------     ---------     ---------

  Net Income (Loss)                                            2,039       (11,347)       (1,201)
  Net Unrealized Gains (Losses) on Investments                  (133)       (1,198)          527
  Change in Asset Valuation Reserve                           (1,356)          135          (655)
  Change in Non-Admitted Assets                               (8,599)        1,076        (7,671)
  Change in Reserve (valuation basis)                         10,659             0             0
  Aggregate write-ins for surplus                                (18)            0             0
  Dividends to Stockholder                                         0             0        (2,200)
  Paid In Capital                                                  0        70,000             0

                                                           ---------     ---------     ---------

    Change in Capital and Surplus                              2,592        58,666       (11,200)

                                                           ---------     ---------     ---------

CAPITAL & SURPLUS - END OF YEAR                          $    91,285 $      88,693 $      30,027
                                                           ---------     ---------     ---------
                                                           ---------     ---------     ---------
</TABLE>



         The accompanying notes are an integral part of
                   these financial statements.

<PAGE>


                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
                      STATUTORY STATEMENTS OF CASH FLOW
                                   ($000)
<TABLE>
<CAPTION>

                                                                Years Ended December 31,
                                                         ---------------------------------------
                                                              1994         1993          1992
                                                           ---------    ----------    ----------
<S>                                                      <C>           <C>           <C>
OPERATIONS
  Premiums, Annuity Considerations & Fund Deposits       $ 1,050,493   $ 2,000,492   $    11,262
  Investment Income                                           24,519         5,594         5,578
  Other Income                                             1,515,700       434,851        53,635
                                                           ---------    ----------    ----------
    Total Income                                           2,590,712     2,440,937        70,475
                                                           ---------    ----------    ----------
  Benefits Paid                                              181,205         8,215         4,789
  Federal Income Taxes Paid on Operations                     20,634         9,666            44
  Other Expenses                                           1,832,905     2,231,477        57,383
                                                           ---------    ----------    ----------
    Total Benefits & Expenses                              2,034,744     2,249,358        62,216
                                                           ---------    ----------    ----------
    NET CASH FROM OPERATIONS                                 555,968       191,579         8,259
                                                           ---------    ----------    ----------

PROCEEDS FROM INVESTMENTS

  Bonds                                                       87,747        88,334        71,668
  Common Stocks                                                    0             0           102
  Other                                                           40        23,638            88
                                                           ---------    ----------    ----------
    NET INVESTMENT PROCEEDS                                   87,787       111,972        71,858
                                                           ---------    ----------    ----------

Tax on Capital Gains                                             (96)          376          (119)
Paid In Surplus                                                    0        70,000             0
Other Cash Provided                                           30,554             0         6,028
                                                           ---------    ----------    ----------
         TOTAL PROCEEDS                                      674,405       373,175        86,264
                                                           ---------    ----------    ----------

COST OF INVESTMENTS ACQUIRED

  Bonds                                                      595,181       314,933        80,174
  Common Stocks                                                  808           567           625
  Miscellaneous Applications                                   2,523             0             0
                                                           ---------    ----------    ----------
    TOTAL INVESTMENTS ACQUIRED                               598,512       315,500        80,799
                                                           ---------    ----------    ----------

OTHER CASH APPLIED
  Dividends Paid to Stockholder                                    0             0         2,200
  Other                                                       24,813        24,626        13,725
                                                           ---------    ----------    ----------
    TOTAL OTHER CASH APPLIED                                  24,813        24,626        15,925
                                                           ---------    ----------    ----------
         TOTAL APPLICATIONS                                  623,325       340,126        96,724
                                                           ---------    ----------    ----------
NET CHANGE IN CASH & SHORT-TERM INVESTMENTS                   51,080        33,049       (10,460)

CASH & SHORT-TERM INVESTMENTS, BEGINNING OF YEAR              33,232           183        10,643
                                                           ---------    ----------    ----------
CASH & SHORT-TERM INVESTMENTS, END OF YEAR               $    84,312   $    33,232   $       183
                                                           ---------    ----------    ----------
                                                           ---------    ----------    ----------
</TABLE>


                 The accompanying notes are an integral part of
                         these financial statements.


<PAGE>


                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 1994
                 (AMOUNTS IN THOUSANDS UNLESS OTHERWISE STATED)

1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

     ORGANIZATION

     ITT Hartford Life and Annuity Insurance Company (ILA or the Company),
     formerly known as ITT Life Insurance Corporation, is a wholly owned
     subsidiary of Hartford Life Insurance Company (HLIC), which is        an
     indirect subsidiary of the ITT Hartford Insurance Group, Inc. (ITT
     Hartford), a wholly owned subsidiary of ITT Corporation (ITT).

     ILA offers a complete line of ordinary and universal life insurance,
     individual annuities and certain supplemental accident and health benefit
     coverages.

     BASIS OF PRESENTATION

     The accompanying ILA statutory basis financial statements were prepared in
     conformity with statutory accounting practices prescribed or permitted by
     the National Association of Insurance Commissioners (NAIC) and the
     Insurance Department of the State of Wisconsin.

     Statutory accounting practices and generally accepted accounting principles
     (GAAP) differ in certain significant respects.  These differences
     principally involve:

          (1) treatment of policy acquisition costs (commissions, underwriting
          and selling expenses, premium taxes, etc.) which are charged to
          expense when incurred for statutory purposes rather than on a pro-rata
          basis over the expected life of the policy;

          (2) recognition of premium revenues, which for statutory purposes are
          generally recorded as collected or when due during the premium paying
          period of the contract. For GAAP purposes, revenues for universal life
          policies and investment products consist of policy charges for the
          cost of insurance, policy administration and surrender charges
          assessed to policy account balances.  Premiums for traditional life
          insurance policies are recognized as revenues when they are due from
          policyholders.  The retrospective deposit method is used in accounting
          for universal life and other types of contracts where the payment
          pattern is irregular or surrender charges are a significant source of
          profit.  The prospective deposit method is used where investment
          margins are the primary source of profit;

          (3) development of liabilities for future policy benefits, which for
          statutory purposes predominantly use interest rate and mortality
          assumptions prescribed by the National Association of Insurance
          Commissioners (NAIC) which may vary considerably from  interest and
          mortality used for GAAP financial reporting;

          (4) providing for income taxes based on current taxable income only
          for statutory purposes, rather than establishing additional assets or
          liabilities for deferred federal income taxes to recognize the tax
          effect related to reporting revenues and expenses in different periods
          for financial statement and tax reporting purposes;

          (5) excluding certain assets designated as non-admitted assets (past
          due agent's balances, furniture and equipment, etc.) from the balance
          sheet for statutory purposes by directly charging surplus;

          (6) establishing accruals for post-retirement and post-employment
          health care benefits on an optional basis, immediate recognition or a
          twenty year phase-in approach, whereas GAAP liabilities were
          established at date of adoption.  For statutory reporting purposes the
          Company established accruals utilizing the twenty year phase-in
          approach;

<PAGE>

                                       -2-


         (7) establishing a formula reserve for realized and unrealized losses
         due to default and equity risk associated with certain invested assets
         (Asset Valuation Reserve); as well as the deferral and amortization of
         realized gains and losses, resulting from changes in interest rates
         during the period the asset is held, into income over the remaining
         life of the asset sold (Interest Maintenance Reserve); whereas on a
         GAAP basis, no such formula reserve is required and realized gains and
         losses are recognized in the period the asset is sold;

         (8) the reporting of  reserves and benefits net of reinsurance ceded,
         where risk transfer has taken place.  On a GAAP basis reserves are
         reported gross of reinsurance with reserve credits presented as
         recoverable assets.

         (9) the reporting of fixed maturities at amortized cost, where GAAP
         requires that fixed maturities be classified as "held-to-maturity",
         "available-for-sale" or "trading", based on the Company's intentions
         with respect to the ultimate disposition of the security and its
         ability to effect those intentions.  The Company's fixed maturities
         were classified on a GAAP basis as "available-for-sale" and
         accordingly, these investments were reflected at fair value with the
         corresponding impact included as a component of Stockholder's Equity
         designated as "Unrealized Loss on Securities, Net of Tax"

As of December 31, 1994, 1993 and 1992,  the significant differences between
statutory and GAAP basis net income and capital and surplus for the Company are
summarized as follows:

   
<TABLE>
<CAPTION>

                                         1994           1993           1992
                                       --------       --------       --------
<S>                                <C>             <C>            <C>
GAAP Net Income:                   $     23,295    $     6,071    $     7,034

Deferred acquisition costs             (117,863)      (147,700)       (17,434)
Benefit reserve adjustment               30,912         14,059         (1,833)
Deferred taxes                           (9,267)        (7,123)           769
Separate accounts                        75,941        110,547              0
Coinsurance                               3,472         11,578          8,005
Other, net                               (4,451)         1,221          2,258
                                      ---------      ---------      ---------
Statutory Net Income (Loss)        $      2,039    $   (11,347)   $    (1,201)
                                      ---------      ---------      ---------
                                      ---------      ---------      ---------

<CAPTION>
                                         1994           1993           1992
                                       --------       --------       --------
<S>                                <C>             <C>            <C>

GAAP Capital and Surplus           $    199,785    $   198,408    $   122,504

Deferred acquisition costs             (422,201)      (304,338)      (156,638)
Benefit reserve adjustment               85,191         43,621         29,562
Deferred taxes                           13,257         13,706         20,829
Separate accounts                        18,488        110,547              0
Asset valuation reserve                  (2,422)        (1,066)        (1,201)
Coinsurance                                   0         22,642          9,442
Unrealized (Gain) Loss on Bonds          21,918              0              0
Other, net                                9,269          5,173          5,529
                                       --------       --------       --------
Statutory Capital and Surplus      $     91,285    $    88,693    $    30,027
                                       --------       --------       --------
                                       --------       --------       --------
</TABLE>
    
<PAGE>

                                       -3-

    AGGREGATE RESERVES AND LIABILITIES FOR PREMIUM AND OTHER DEPOSIT FUNDS:

    Aggregate reserves for payment of future life, health and annuity benefits
    were computed in accordance with presently accepted actuarial standards.
    Reserves for life insurance policies are generally based on the 1958 and
    1980 Commissioner's Standard Ordinary Mortality Tables at various rates
    ranging from 2.5% to 5.5%.  Accumulation and on-benefit annuity reserves are
    based principally on Individual Annuity tables at various rates ranging from
    2.5% to 8.75% and using the Commissioner's Annuity Reserve Valuation Method
    (CARVM).  Accident and health reserves are established using a two year
    preliminary term method and morbidity tables based on company experience.

    ILA has established separate accounts to segregate the assets and
    liabilities of certain annuity contracts that must be segregated from the
    Company's general assets under the terms of the contracts.  The assets
    consist primarily of marketable securities reported at market value.
    Premiums, benefits and expenses of these contracts are reported in the
    Statutory Statement of Income.


    During 1994, the Company changed the valuation method on life policies and
    contracts resulting in a $10.9 million increase in surplus.  The new
    valuation method is in accordance with presently accepted actuarial
    standards.

    INVESTMENTS:

    Investments in bonds are carried at amortized cost.  Bonds which are deemed
    ineligible to be held at amortized cost by the National Association of
    Insurance Commissioners (NAIC) Securities Valuation Office (SVO) are carried
    at the appropriate SVO published value.  When apermanent reduction in the
    value of publicly traded securities occurs, the decrease is reported as a
    realized loss and the carrying value is adjusted accordingly.  Common stocks
    are carried at market value with the difference from cost reflected in
    surplus.  Other invested assets are generally recorded at fair value.

    Changes in unrealized capital gains and losses on common stock are reported
    as additions to or reductions of surplus.  The Asset Valuation Reserve,
    which replaced the Mandatory Securities Valuation Reserve used in 1991, is
    designed to provide a standardized reserve process for realized and
    unrealized losses due to the default and equity risks associated with
    invested assets.  The reserve increased by $1,356 in 1994, decreased by $135
    in 1993 and increased by $655 in 1992.  Additionally, the Interest
    Maintenance Reserve (IMR) captures net realized capital gains and losses,
    net of applicable income taxes, resulting from changes in interest rates and
    amortizes these gains or losses into income over the remaining life of the
    mortgage loan or bond sold.  Realized capital gains and losses not included
    in IMR are reported in the Statement of Income net of taxes.  Realized
    investment gains and losses are determined on a specific identification
    basis.   The amount of net capital losses reclassified from the IMR was $67
    and $264 in 1994 and 1993, respectively and the amount of the net capital
    gains transferred to the IMR was $348 in 1992.  The amount of income
    amortized was $114  in 1994, $178 in 1993 and $114   in 1992.

    OTHER LIABILITIES:

    The amount reflected in other liabilities includes a receivable from the
    separate accounts of $186.5 million and $98.2 million in 1994 and 1993,
    respectively.  The balances are classified in accordance with NAIC
    accounting practices.

2.  INVESTMENTS

    (a) COMPONENTS OF NET INVESTMENT INCOME:

<TABLE>
<CAPTION>

                                                            1994           1993           1992
                                                         --------       --------       --------
    <S>                                               <C>            <C>           <C>
    Interest income from fixed maturity securities     $     29,493   $     7,975   $     5,985
    Interest income from policy loans                           454           124           115
    Interest and dividends from other investments               (89)           47            31
                                                          ---------     ---------     ---------
    Gross investment income                                  29,858         8,146         6,131
    Less: investment expenses                                   846           176           465
                                                          ---------     ---------     ---------
    Net investment income                              $     29,012   $     7,970   $     5,666
                                                          ---------     ---------     ---------
                                                          ---------     ---------     ---------
</TABLE>


<PAGE>

                                       -4-


     (b) UNREALIZED GAINS (LOSSES) ON  STOCK:

<TABLE>
<CAPTION>


                                                          1994        1993         1992
                                                        --------    --------     --------
     <S>                                             <C>          <C>           <C>
     Gross unrealized gains                          $       75   $      148    $       93
     Gross unrealized losses                                (60)           0             0
                                                       --------     --------      --------
     Net unrealized gains                                    15          148            93
     Balance at beginning of year                           148           93           111
                                                       --------     --------      --------
     Change in net unrealized gains on common stock  $     (133)  $       55    $      (18)
                                                       --------     --------      --------
                                                       --------     --------      --------
</TABLE>

     (c) UNREALIZED GAINS (LOSSES) ON BONDS AND SHORT-TERM INVESTMENTS:

<TABLE>
<CAPTION>

                                                          1994        1993         1992
                                                        --------    --------     --------
     <S>                                               <C>         <C>           <C>


     Gross unrealized gains                            $     986    $   5,916    $   2,430
     Gross unrealized losses                             (34,718)        (684)        (143)
                                                         -------      -------      -------
     Net unrealized (losses) gains after tax             (33,732)       5,232        2,287
     Balance at beginning of year                          5,232        2,287        2,760
                                                         -------      -------      -------
     Change in net unrealized (losses) gains on
     bonds and short-term investments                  $ (38,964)    $  2,945    $    (473)
                                                         -------      -------      -------
                                                         -------      -------      -------
</TABLE>

<TABLE>
<CAPTION>


     (d) COMPONENTS OF NET REALIZED GAINS:

                                                          1994        1993         1992
                                                        --------    --------     --------
     <S>                                               <C>         <C>           <C>

     Bonds                                             $    (101)  $    (316)    $    665
     Stocks                                                    0           0            4
     Real estate and other                                    34       1,316           88
                                                         -------     -------      -------
     Realized (losses) gains                                 (67)      1,000          757
     Capital gains taxes                                       2         386          289
                                                         -------     -------      -------
     Net realized gains                                      (69)        614          468
     Less: IMR Capital Gains (Losses)                        (67)       (263)         348
                                                         -------     -------      -------
     Capital Gains Net of IMR                          $      (2)  $     877     $    120
                                                         -------     -------      -------
                                                         -------     -------      -------
</TABLE>


<PAGE>

                                       -5-


     (e) OFF-BALANCE SHEET INVESTMENTS
     The Company had no significant financial instruments with off-balance sheet
     risk as of December 31, 1994, 1993 and 1992.

     (f) CONCENTRATION OF CREDIT RISK:
     Excluding U.S. government and government agency investments, the Company is
     not exposed to any significant concentration of credit risk.

     (g) BONDS, SHORT-TERM  AND UNAFFILIATED STOCK INVESTMENTS:

<TABLE>
<CAPTION>
                                                                             1994
                                                        ------------------------------------------------
                                                                        Gross      Gross
                                                          Amortized  Unrealized  Unrealized     Fair
                                                            Cost        Gains      Losses       Value
                                                        -----------  ----------  ----------   ----------
     U.S. government and government agencies and
     authorities:
     <S>                                                <C>          <C>          <C>           <C>
     - guaranteed and sponsored                          $175,925          $0     $(12,059)     $163,866
     - guaranteed and sponsored - asset backed            142,318         382       (4,911)      137,789
     States, municipalities and political subdivisions     10,409           0         (603)        9,806
     International governments                              2,248           0          (69)        2,179
     Public utilities                                      29,509          31       (1,271)       28,269
     All other corporate                                  257,301         246       (9,452)      248,095
     All other corporate - asset backed                   112,390         327       (4,066)      108,651
     Short-term investments                                56,365           0            0        56,365
     Certificates of deposit                               68,401           0       (2,287)       66,114
                                                        ---------    --------    ---------    ----------
     Total                                               $854,866        $986     $(34,718)     $821,134
                                                        ---------    --------    ---------    ----------
                                                        ---------    --------    ---------    ----------

<CAPTION>

                                                                             1994
                                                        ------------------------------------------------
                                                                        Gross      Gross
                                                          Amortized  Unrealized  Unrealized     Fair
                                                            Cost        Gains      Losses       Value
                                                        -----------  ----------  ----------   ----------
     <S>                                                <C>          <C>         <C>          <C>

     Common Stock                                          $2,260         $75         $(60)       $2,275
                                                        ---------    --------    ---------    ----------
                                                        ---------    --------    ---------    ----------
</TABLE>

<PAGE>
                                       -6-


     (G) BONDS, SHORT-TERM AND UNAFFILIATED STOCK INVESTMENTS: (CONTINUED)

<TABLE>
<CAPTION>

                                                                                     1993
                                                                 ------------------------------------------------
                                                                                Gross      Gross
                                                                  Amortized  Unrealized  Unrealized     Fair
                                                                    Cost        Gains      Losses       Value
                                                                 -----------  ----------  ----------   ----------
     <S>                                                         <C>          <C>         <C>          <C>
     U.S. government and government agencies and authorities:
     - guaranteed and sponsored                                      $88,485       $157        $(290)     $88,352
     - guaranteed and sponsored - asset backed                       103,264      4,019         (346)     106,937
     States, municipalities and political subdivisions                   410          0            0          410
     International governments                                             0          0            0            0
     Public utilities                                                  7,545        201            0        7,746
     All other corporate                                              76,397      1,504          (16)      77,885
     All other corporate - asset backed                               15,237         35          (20)      15,252
     Short-term investments                                            8,176          0            0        8,176
     Certificates of deposit                                           3,000          0          (12)       2,988
                                                                   ---------   --------    ---------    ---------
     Total                                                          $302,514     $5,916        $(684)    $307,746
                                                                   ---------   --------    ---------    ---------
                                                                   ---------   --------    ---------    ---------
<CAPTION>

                                                                                     1993
                                                                 ------------------------------------------------
                                                                                Gross      Gross
                                                                             Unrealized  Unrealized     Fair
                                                                    Cost        Gains      Losses       Value
                                                                 -----------  ----------  ----------   ----------
     <S>                                                         <C>          <C>         <C>          <C>

     Common Stock                                                     $1,452       $148           $0       $1,600
                                                                   ---------   --------    ---------    ---------
                                                                   ---------   --------    ---------    ---------
</TABLE>

     The amortized cost and estimated market value of bonds and short-term
     investments at December 31, 1994 by management's anticipated maturity are
     shown below.  Asset backed securities are distributed to maturity year
     based on ILA's estimate of the rate of future prepayments of principal over
     the remaining life of the securities.  Expected maturities differ from
     contractual maturities reflecting borrowers' rights to call or prepay their
     obligations.

<TABLE>
<CAPTION>

                                                                       Estimated
                                                        Amortized        Fair
     Maturity                                             Cost          Value
     --------                                           ---------      ---------
     <S>                                                <C>            <C>
     Due in one year or less                             $130,299       $128,300
     Due after one year through five years                606,859        579,771
     Due after five years through ten years               110,444        104,107
     Due after ten years                                    7,264          8,957
                                                        ---------      ---------
     Total                                               $854,866       $821,135
                                                        ---------      ---------
                                                        ---------      ---------
</TABLE>


<PAGE>

                                       -7-


     Proceeds from sales of investments in bonds and short-term investments
     during 1994, 1993 and 1992  were $117,912, $333,023 and $219,356 resulting
     in gross realized gains of $518, $937 and $968 and gross realized losses of
     $624, $1,255 and $269 before transfers to IMR.  The Company has no realized
     gains for common stock.

     (h) FAIR VALUE OF INVESTMENT-RELATED FINANCIAL INSTRUMENTS NOT DISCLOSED
         ELSEWHERE:

     BALANCE SHEET ITEMS: (IN MILLIONS)


<TABLE>
<CAPTION>

                                                        1994                 1993
                                                 -----------------   -------------------
                                                 Carrying   Fair     Carrying    Fair
                                                  Amount    Value     Amount     Value
                                                 --------  -------   --------   --------
     <S>                                         <C>       <C>       <C>        <C>
     ASSETS
          Policy loans                               $20       $20         $2         $2
     LIABILITIES
          Liabilities on investment contracts       $534      $526       $289       $287
</TABLE>

     The carrying amounts for policy loans approximates fair value.  The
     liabilities are determined by forecasting future cash flows discounted at
     current market rates.

3.   RELATED PARTY TRANSACTIONS:

     Transactions between the Company and its affiliates within ITT Hartford
     relate principally to tax settlements, reinsurance, service fees, capital
     contributions and payments of dividends.

     For additional information, see Footnote 5,6 and 7.

4.   FEDERAL INCOME TAXES:

     The Company is included in the consolidated Federal income tax return of
     ITT Hartford which is ultimately included in the income tax return of ITT.
     Allocation of taxes is based primarily upon separate company tax return
     calculations with current credit for net losses used in consolidation
     except that increases resulting from consolidation are allocated in
     proportion to separate return amounts.  Intercompany Federal income tax
     balances are generally settled quarterly with Hartford Fire. Federal income
     taxes paid by the Company were $20,538, $10,042 and $(75) in 1994, 1993 and
     1992, respectively.

5.   CAPITAL AND SURPLUS AND SHAREHOLDER DIVIDEND RESTRICTIONS:

     The maximum amount of dividends which can be paid, without prior approval,
     by State of Wisconsin insurance companies to shareholders is subject to
     restrictions relating to statutory surplus.  Dividends are paid as
     determined by the Board of Directors and are not cumulative.  Dividends of
     $2,200 were paid by ILA to its parent, HLIC, in 1992.  There were dividends
     paid by ILA to its parent, HLIC, in 1994 and 1993.

6.   PENSION PLANS AND OTHER POST-RETIREMENT AND POST-EMPLOYMENT BENEFITS:

     The Company's employees are included in ITT's non-contributory defined
     benefit pension plans. These plans provide pension benefits that are based
     on years of service and the employee's compensation during the last ten
     years of employment.  The Company's funding policy is to contribute
     annually an amount between the minimum funding requirements set forth in
     the Employee Retirement Income Security Act of 1974 and the maximum amount
     that can be deducted for Federal income tax purposes.  Generally, pension
     costs are funded through the purchase of HLIC's group pension contracts.
     Pension expense was $1,211, $765 and $734 in 1994, 1993 and 1992,
     respectively.  Liabilities for the plan are held by ITT.

     The Company also participates in ITT's Investment and Savings Plan, which
     includes a deferred compensation option under IRC section 401(k) and an
     ESOP allocation under IRC section 404(k).  The liabilities for these plans
     are included in the financial statements of ITT Corporation.

<PAGE>

                                       -8-



6.   PENSION PLANS AND OTHER POST RETIREMENT BENEFITS: (CONTINUED)

     The Company's employees are included in Hartford Fire's contributory
     defined health care and life insurance benefit plans.  These plans provide
     health care and life insurance benefits for retired employees.
     Substantially all employees may become eligible for those benefits if they
     reach normal or early retirement age while still working for the Company.
     The Company has prefunded a portion of the health care and life insurance
     obligations through trust funds where such prefunding can be accomplished
     on a tax effective basis.  Post-retirement health care and life insurance
     benefits expense (not including provisions for accrual of post-retirement
     benefit obligations), allocated by Hartford Fire, was $54, $34 and $113 for
     1994, 1993 and 1992, respectively.

     The assumed rate of future increases in the per capita cost of health care
     (the health care trend rate) was 11% for 1994, decreasing ratably to 6% in
     the year 2001.  Increasing the health care trend rates by one percent per
     year would have an immaterial impact on the accumulated post-retirement
     benefit obligation and the annual expense.

     Post-employment benefits are primarily comprised of obligations to provide
     medical and life insurance to employees on long term disability.
     Post-employment benefits expense was not considered material in 1994, 1993
     and 1992.

7.   REINSURANCE

     In December 1994 the Company ceded, on a modified coinsurance basis, 80% of
     the variable annuity business written in 1994 to ITT Lyndon Life Insurance
     Company, an affiliate.  The ceded business includes both general and
     separate account liabilities.  As a result of the agreement ILA transferred
     approximately $1,352 million in assets and liabilities to ITT Lyndon Life
     Insurance Company.  The financial impact of the cession was an increase of
     approximately $15 million to net income and surplus.

     In November 1994 the Company ceded, on a modified coinsurance basis,  30%
     of the separate account variable annuity business distributed by Paine
     Webber to Paine Webber Life Insurance Company (PWLIC).  As a result of the
     agreement ILA transferred approximately $24 million in assets and
     liabilities to PWLIC.  The financial impact of the cession was an increase
     of approximately $765 thousand to net income and surplus.

     In October 1994, the agreement, effective December 1990, which required
     ILA to coinsure 90% of all existing and new business, excluding variable
     annuity business. written by the Company to HLIC, was terminated.  As a
     result of the termination, ILA received approximately $430 million in
     assets and liabilities from HLIC.  The income statement impact of the
     transaction was a decrease of approximately $15 million to net income and
     surplus.

     In November 1993, ILA acquired, through an assumption reinsurance
     transaction, substantially all of the individual fixed and variable annuity
     business of HLA.  As a result of this transaction, the assets and
     liabilities of the company increased approximately $1 billion.  The impact
     on consolidated net income was not significant.

8.   COMMITMENTS AND CONTINGENCIES:

     The Company has no material contingent liabilities, nor has the Company
     committed any surplus funds for any contingent liabilities or arrangements.
     The Company is involved in various legal actions which have arisen in the
     course normal of its business.  In the opinion of management, the
     ultimate liability with respect to such lawsuits as well as other
     contingencies is not considered to be material in relation to the results
     of operations and financial position of the Company.

9.   SUBSEQUENT EVENTS:

     None.


<PAGE>

                                     PART C

                                OTHER INFORMATION

Item 24. Financial Statements and Exhibits

     (a) All financial statements are included in Part A and Part B of the
     Registration Statement.
   
     (b) (1)   A copy of the resolution authorizing the Separate Account is
     filed herewith.

        (2)  Not applicable.  ITT Hartford maintains custody of all assets.

        (3)  Principal Underwriter Agreement between ITT Hartford Insurance
             Corporation and Hartford Equity Sales Company, Inc. is filed
             herewith.

             Form of DEALER AGREEMENT is filed herewith.

        (4)  A copy of the Individual Flexible Premium Variable Annuity Contract
             and the Form of application is filed herewith.

        (6)  (a)    Certificate of Incorporation of ITT Hartford Insurance
                    Corporation is filed with this Registration Statement.

             (b)    Bylaws of ITT Hartford Insurance Corporation is filed
                    herewith.

        (7)  Not applicable.

        (8)  Not applicable.

        (9)  (a)  Not applicable.

             (b)  Not applicable.

        (10) Consent of Arthur Andersen LLP filed herewith.

        (14) Financial Data Schedule

        (15) Power of Attorney
    

<PAGE>

                                       -2-

Item 25. Directors and Officers of the Depositor

          Joan M. Andrew                    Vice President

          Paul J. Boldischar, Jr.           Senior Vice President

          Francis I. Condon, Jr.            Vice President

          Peter W. Cummins                  Vice President

          Ann M. deRaismes                  Vice President

          James R. Dooley                   Vice President

          Bruce D. Gardner                  General Counsel & Secretary

          Joseph H. Gareau                  Executive Vice President & Chief
                                            Investment Officer

          Donald J. Gillette                Vice President

          Lynda Godkin                      Assistant General Counsel &
                                            Secretary

          Lois W. Grady                     Vice President

          David A. Hall                     Senior Vice President & Actuary

          Joseph Kanarek                    Vice President

          LaVern L. Kohlhof                 Vice President & Secretary

          Thomas M. Marra                   Senior Vice President & Actuary

          James G. Masica                   Vice President & Chief Actuary

          Steven L. Matthiesen              Vice President

          David T. Schrandt                 Vice President, Treasurer &
                                            Controller

          Lowndes A. Smith                  President & Chief Executive Officer

<PAGE>

                                       -3-

          Lizabeth H. Zlatkus               Vice President

          Donald J. Znamierowski            Vice President

Unless otherwise indicated, the principal business address of each the above
individuals is P.O. Box 2999, Hartford, CT  01604-2999.

Item 26. Persons Controlled By or Under Common Control with the Depositor or
         Registrant

         Exhibit 26 is filed herein with this Registration Statement.
         (To be filed by amendment).

Item 27. Number of Contract Owners

         As of December 31, 1994 there were ___ Contract Owners.

Item 28. Indemnification - The directors and officers of ITT Hartford and HESCO
         are covered under a directors and officers liability insurance policy
         issued to ITT Corporation and its subsidiaries.  Such policy will
         reimburse the Registrant for any payments that it shall make to
         directors and officers pursuant to law and will, subject to certain
         exclusions contained in the policy, further pay any other costs,
         charges and expenses and settlements and judgments arising from any
         proceeding involving any director or officer of the Registrant in his
         past or present capacity as such, and for which he may be liable,
         except as to any liabilities arising from acts that are deemed to be
         uninsurable.

         The Registrant hereby undertakes that insofar as indemnification for
         liabilities arising under the Securities Act of 1933 (the "Act") may be
         permitted to directors, officers and controlling persons of the
         Registrant pursuant to the foregoing provisions, or otherwise, the
         Registrant has been advised that in the opinion of the Securities and
         Exchange Commission such indemnification is against public policy as
         expressed in the Act and is, therefore, unenforceable.  In the event
         that a claim for indemnification against such liabilities (other than
         the payment by the Registrant of expenses incurred or paid by a
         director, officer or controlling person of the Registrant in the
         successful defense of any action, suit or proceeding) is asserted by
         such director, officer or controlling person in connection with the
         securities being registered, the Registrant will, unless in the opinion
         of its counsel the matter has been settled by controlling whether such
         indemnification by it is against public policy as expressed in the Act
         and will be governed by the final adjudication of such issue.

<PAGE>

                                       -4-

Item 29. Principal Underwriters

     (a) HESCO acts as principal underwriter for the following investment
         companies:

         Hartford Life Insurance Company - DC Variable Account I

         Hartford Life Insurance Company - Separate Account Two (DC Variable
         Account II)

         Hartford Life Insurance Company - Separate Account Two (Variable
         Account "A")

         Hartford Life Insurance Company - Separate Account Two (NQ Variable
         Account)

         Hartford Life Insurance Company - Separate Account Two (QP Variable
         Account)

         Hartford Life Insurance Company - Separate Account One

         Hartford Life Insurance Company - Separate Account Two (Director)

         Hartford Life Insurance Company - Putnam Capital Manager Trust Separate
         Account

         Hartford Money Market Fund, Inc.

         Hartford Life Insurance Company - Separate Account Three

         ITT Hartford Life and Annuity Insurance Company - Separate Account
         Three

         Hartford Life Insurance Company - Separate Account Five

         ITT Hartford Life and Annuity Insurance Company - Separate Account Five

         ITT Hartford Life and Annuity Insurance Company - Separate Account Six

         Hartford Life Insurance Company Separate Account VL I

<PAGE>

                                       -5-

     (b) Directors and Officers of HESCO

          Name and Principal       Positions and Offices
           Business Address          With Underwriter
          ------------------       ---------------------

          Donald E. Waggaman, Jr.       Treasurer

          Bruce D. Gardner              Secretary

          George R. Jay                 Controller

          Lowndes A. Smith              President

Item 30.  Location of Accounts and Records

          Accounts and records are maintained by:

          ITT Hartford Life and Annuity Insurance Company
          P.O. Box 5085
          Hartford, Connecticut  06102-5085

Item 31.  Management Services

          None

Item 32.  Undertakings

          (a)  The Registrant hereby undertakes to file a post-effective
               amendment to this registration statement as frequently as is
               necessary to ensure that the audited financial statements in the
               registration statement are never more than 16 months old so long
               as payments under the variable annuity contracts may be accepted.

          (b)  The Registrant hereby undertakes to include either (1) as part of
               any application to purchase a contract offered by the Prospectus,
               a space that an applicant can check to request a Statement of
               Additional Information, or (2) a post card or similar written
               communication affixed to or included in the Prospectus that the
               applicant can remove to send for a Statement of Additional
               Information.

<PAGE>

                                       -6-

          (c)  The Registrant hereby undertakes to deliver any Statement of
               Additional Information and any financial statements required to
               be made available under this Form promptly upon written or oral
               request.

The Registrant is relying on the no-action letter issued by the Division of
Investment Management to American Counsel of Life Insurance, Ref. No. IP-6-88,
November 28, 1988.  The Registrant has complied with the four provisions of the
no-action letter.

(ITT-Director)

<PAGE>

                                   SIGNATURES

   
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant certifies that it meets all the requirements for
effectiveness of this Registration Statement pursuant to Rule 485(b) under the
Securities Act of 1933 and duly caused this Registration Statement to be signed
on its behalf, in the City of Hartford, and State of Connecticut on this 28th
day of April, 1995
    

ITT HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY
SEPARATE ACCOUNT ONE
   (Registrant)

*By:                                            *By:  /s/ Rodney J. Vessels
    --------------------------------------           --------------------------
    Thomas M. Marra, Senior Vice President              Rodney J. Vessels
                                                        Attorney-in-Fact

ITT HARTFORD LIFE AND ANNUITY
INSURANCE COMPANY
   (Depositor)

*By:
    --------------------------------------
    Thomas M. Marra, Senior Vice President

Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons and in the capacities and on
the dates indicated.

Bruce D. Gardner, General Counsel
 Corporate Secretary, Director *

Joseph H. Gareau, Executive Vice
 President and Chief Investment
 Officer, Director *

Joseph Kanarek, Vice President                 *By: /s/ Rodney J. Vessels
   Director *                                       -------------------------
                                                        Rodney J. Vessels
Thomas M. Marra, Senior Vice                            Attorney-in-Fact
  President, Director *

   
Lowndes A. Smith, President,                     Dated:    April 28, 1995
  Chief Operating Officer,                             ------------------------
  Director *
    

Lizabeth H. Zlatkus, Vice President
 Director *

Donald J. Znamierowski, Vice President
   Comptroller, Director *




<PAGE>

                                                          EXHIBIT 1(b)

                      ITT HARTFORD LIFE INSURANCE COMPANY

                              CONSENT OF DIRECTORS



We, the undersigned, being all of the Directors of ITT Hartford Life Insurance
Company ("Company"), hereby consent to the following actions, such actions to
have the same force and effect as if taken at a meeting duly held for
such purpose.

     RESOLVED, that Company is hereby authorized to establish a separate account
     in accordance with state insurance laws and to issue variable annuity
     insurance contracts with reserves for such contracts being segregated in
     such separate account.

     FURTHER RESOLVED, that the officers of the Company are hereby authorized
     to:

     (1)  Designate or redesignate the Account as such Officers deem
          appropriate;

     (2)  Comply with applicable state and federal laws and regulations
          applicable to the establishment and operation of the Account;

     (3)  Establish, from time to time, the terms and conditions pursuant to
          which interests in the Account will be sold; and

     (4)  Establish all procedures, standards and arrangements necessary or
          appropriate for the operation of the Account.


     /s/ Edward N. Bennett                        /s/ Donald R. Frahm
     --------------------------                   ---------------------------
         Edward N. Bennett                            Donald R. Frahm


     /s/ James T. French                         /s/ John P. Ginnetti
     --------------------------                   ---------------------------
         James T. French                             John P. Ginnetti


     /s/ Lowndes A. Smith                        /s/ William E. Sweeney
     --------------------------                   ---------------------------
         Lowndes A. Smith                            William E. Sweeney


     /s/ Michael S. Wilder                        /s/ Howard A. York
     --------------------------                   ---------------------------
         Michael S. Wilder                            Howard A. York


                        /s/ Donald J. Znamierowski
                        --------------------------
                            Donald J. Znamierowski

Dated: May 20, 1991


<PAGE>

                         PRINCIPAL UNDERWRITER AGREEMENT


THIS AGREEMENT, dated as of the     day of       , 1992, made by and between
ITT LIFE INSURANCE CORPORATION ("ITT Life" or the "Sponsor"), a corporation
organized and existing under the laws of the State of Connecticut, and HARTFORD
EQUITY SALES COMPANY, INC. ("HESCO"), a corporation organized and existing under
the laws of the State of Connecticut,

                                   WITNESSETH:

     WHEREAS, the Board of Directors of ITT Life has made provision for the
     establishment of a separate account within ITT Life in accordance with the
     laws of the State of Connecticut, which separate account was organized and
     is established and registered as a unit trust type investment company with
     the Securities and Exchange Commission under the Investment Company Act of
     1940, as amended, and which is designated ITT Life Insurance Corporation --
     Separate Account Two (referred to as the "Unit Trust"); and

     WHEREAS, HESCO offers to the public certain Individual Flexible Premium
     Annuity Insurance Contracts contract (the "Contract") issued by ITT Life
     with respect to the Unit Trust and units of interest thereunder which are
     registered under the Securities Act of 1933, as amended; and

     WHEREAS, HESCO has previously agreed to act as distributor in connection
     with offers and sales of the Contract under the terms and conditions set
     forth in this Distribution Agreement.

     NOW THEREFORE, in consideration of the mutual agreements made herein, the
     Sponsor and HESCO agree as follows:

                                       I.

                                 HESCO'S DUTIES

1.   HESCO, as principal underwriter for the Contract, will use its best efforts
     to effect offers and sales of the Contract through broker-dealers that are
     members of the National Association of Securities Dealers, Inc. and whose
     registered representatives are duly licensed as insurance agents of ITT
     Life. HESCO is responsible for compliance with all applicable requirements
     of the Securities Act of 1933, as amended, the Securities Exchange Act of
     1934, as amended, and the Investment Company Act of 1940, as amended, and
     the rules and regulations thereunder, and all other applicable laws, rules
     and regulations relating to the sales and distribution of the Contract, the
     need for which arises out of its duties as principal underwriter of said
     Contract and relating to the creation of the Unit Trust.
<PAGE>

                                       -2-


2.   HESCO agrees that it will not use any prospectus, sales literature, or any
     other printed matter or material or offer for sale or sell the Contract if
     any of the foregoing in any way represent the duties, obligations, or
     liabilities of ITT Life as being greater than, or different from, such
     duties, obligations and liabilities as are set forth in this Agreement, as
     it may be amended from time to time.

3.   HESCO agrees that it will utilize the then currently effective prospectus
     relating to the Unit Trust's Contracts in connection with its selling
     efforts.

     As to the other types of sales materials, HESCO agrees that it will use
     only sales materials which conform to the requirements of federal and state
     insurance laws and regulations and which have been filed, where necessary,
     with the appropriate regulatory authorities.

4.   HESCO agrees that it or its duly designated agent shall maintain records of
     the name and address of, and the securities issued by the Unit Trust and
     held by, every holder of any security issued pursuant to this Agreement, as
     required by the Section 26(a)(4) of the Investment Company Act of 1940, as
     amended.

5.   HESCO's services pursuant to this Agreement shall not be deemed to be
     exclusive, and it may render similar services and act as an underwriter,
     distributor, or dealer for other investment companies in the offering of
     their shares.

6.   In the absence of willful misfeasance, bad faith, gross negligence, or
     reckless disregard of its obligations and duties hereunder on the part of
     HESCO, HESCO shall not be subject to liability to the Unit Trust or to any
     Contract Owner or party in interest under a Contract for any act or
     omission in the course, or connected with, rendering services hereunder.

                                       II.

                                  ITT Life'S DUTIES

1.   The  Unit Trust reserves the right at any time to suspend or limit the
     public offering of the Contracts upon thirty days' written notice to HESCO,
     except where the notice period may be shortened because of legal action
     taken by any regulatory agency.

2.   The Unit Trust agrees to advise HESCO immediately:

     a.   Of any request by the Securities and Exchange Commission for amendment
          of its Securities Act registration statement or for additional
          information;

     b.   Of the issuance by the Securities and Exchange Commission of any stop
          order suspending the effectiveness of the Securities Act registration
<PAGE>

                                       -3-


          statement relating to units of interest issued with respect to the
          Unit Trust or of the initiation of any proceedings for that purpose;

     c.   Of the happening of any material event, if known, which makes untrue
          any statement in said Securities Act registration statement or which
          requires change therein in order to make any statement therein not
          misleading.

     HLIC will furnish to HESCO such information with respect to the Unit
     Trust and the Contracts in such form and signed by such of its officers and
     directors as HESCO may reasonably request and will warrant that the
     statements therein contained when so signed will be true and correct.
     ITT Life will also furnish, from time to time, such additional information
     regarding the Unit Trust's financial condition as HESCO may reasonably
     request.

                                      III.

                                  COMPENSATION

For providing the principal underwriting functions on behalf of the Unit Trust,
HESCO shall be entitled to receive compensation as agreed upon from time to time
by ITT Life and HESCO.

                                       IV.

                           RESIGNATION AND REMOVAL OF
                              PRINCIPAL UNDERWRITER

HESCO may resign as Principal Underwriter hereunder, upon 120 days' prior
written notice to ITT Life. However, such resignation shall not become effective
until either the Unit Trust has been completely liquidated and the proceeds of
the liquidation distributed through ITT Life to the Contract Owners or a
successor Principal Underwriter has been designated and has accepted its duties.

                                       V.

                                  MISCELLANEOUS

1.   This Agreement may not be assigned by any of the parties hereto without the
     written consent of the other party.

2.   All notices and other communications provided for hereunder shall be in
     writing and shall be delivered by hand or mailed first class, postage
     pre-paid, addressed as follows:
<PAGE>

                                       -4-


     a.   If to ITT Life - ITT Life Insurance Corporation, 505 Highway 169
          North, Minneapolis, Minnesota 55441

     b.   If to HESCO - Hartford Equity Sales Company, Inc., Hartford Plaza,
          Hartford, Connecticut 06115 or to such other address as HESCO or the
          Sponsor shall designate by written notice to the other.

3.   This Agreement may be executed in any number of counterparts, each of which
     shall be deemed an original and all of which shall be deemed one
     instrument, and an executed copy of this Agreement and all amendments
     hereto shall be kept on file by the Sponsor and shall be open to inspection
     at any time during the business hours of the Sponsor.

4.   This Agreement shall inure to the benefit of and be binding upon the
     successor of the parties hereto.

5.   This Agreement shall be construed and governed by and according to the laws
     of the State of Connecticut.

6.   This Agreement may be amended from time to time by the mutual agreement and
     consent of the parties hereto.

7.   a.   This Agreement shall become effective on       , 1992, and shall
          continue in effect for a period of two years from that date and,
          unless sooner terminated in accordance with 7(b) below, shall continue
          in effect from year to year thereafter provided that its continuance
          is specifically approved at least annually by a majority of the
          members of the Board of Directors of ITT Life.

     b.   This Agreement (1) may be terminated at any time, without the payment
          of any penalty, either by a vote of a majority of the members of the
          Board of Directors of ITT Life on sixty days prior written notice to
          HESCO; (2) shall immediately terminate in the event of its assignment
          and (3) may be terminated by HESCO on sixty days prior written notice
          to ITT Life, but such termination will not be effective until ITT Life
          shall have contracted with one or more persons to act as principal
          underwriter of the Contacts. HESCO hereby agrees that it will continue
          to act as principal underwriter until its successor or successors
          assume such undertaking.
<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written.

(SEAL)                                 ITT LIFE INSURANCE CORPORATION

Attest:


                                        By
- --------------------------------          ---------------------------------




(SEAL)                                  HARTFORD EQUITY SALES COMPANY, INC.

Attest:


                                        By
- --------------------------------          ---------------------------------



<PAGE>
                                                                    Exhibit 3(b)
                                                       [ITT LOGO]

                                 SALES AGREEMENT

1.0  APPOINTMENT

     1.1  The Hartford insurance company(ies) named in the Sales Agreement
          Specifications Page and, with respect to SEC Registered contracts,
          Hartford Equity Sales Company, Inc., as Principal Underwriter,
          (hereinafter collectively referred to as "Company") hereby appoint the
          named individual(s) or organization(s) as "Agent" of Company for the
          solicitation and procurement of applications for insurance contracts
          (hereinafter referred to as "Contracts") in the line(s) of business
          set forth in the Sales Agreement Specifications Page, in all states in
          which Company is authorized to do business and in which Agent is
          properly licensed and appointed, without exclusive representation.

2.0  AUTHORITY

     2.1  Agent has the power or authority to represent Company only to the
          extent expressly granted in this Agreement and no further power or
          authority is implied.

     2.2  Nothing contained herein is intended to create a relationship of
          employer and employee between Company and Agent. Agent and, if
          applicable, any sub-agents appointed by Agent, shall be independent
          contractors as to Company and free to exercise their own judgment as
          to the time, place and means of performing all acts hereunder, but
          they shall conform to all regulations of Company not unreasonably
          interfering with freedom of action or judgment.

     2.3  This Agreement terminates all previous Agency agreements, if any,
          between Company and Agent. However, the execution of this Agreement
          shall not affect any obligations which have already accrued under any
          prior agreement.

     2.4  Agent does not have the authority to collect premiums for each line of
          business, other than initial premiums, unless specifically set forth
          in the applicable commission schedule.

     2.5  If Agent is a Class I through Class XX Agent, Agent is authorized to
          procure and solicit applications for Contracts through sub-agents
          which Agent may appoint with the approval of Company. No agreement
          between Agent and any sub-agent shall impose any liability or
          obligation upon Company unless Company is a party thereto in writing.
          All sub-agents shall be duly licensed under the applicable insurance
          laws to sell annuity, life and health insurance contracts by the
          proper authorities in the jurisdictions in which Agent proposes to
          offer such Contracts. The sub-agents shall indicate in each
          application for a Contract that it has been solicited on behalf of
          Agent.

          2.5.1  Agent shall supervise any sub-agents appointed by Agent to
                 solicit sales of the Contracts and Agent shall be responsible
                 for all acts and omissions of each sub-agent within the scope
                 of his agency appointment at all times. Agent shall exercise
                 all responsibilities required by the applicable federal and
                 state law and regulations. Company shall not have any
                 responsibility for the supervision of any sub-agents of Agent.

          2.5.2  Company may, by written notice to Agent, refuse to permit any
                 sub-agent to solicit applications for the sale of any of the
                 Contracts hereunder and may, by such notice, require Agent to
                 cause any such sub-agent to cease any such solicitation or
                 sales, and Company may require Agent to cancel the appointment
                 of any sub-agent with Company.



                                       -1-

<PAGE>

     2.6  If Agent is assigned a different Agent Class for different Lines of
          Business (i.e. Class I Agent for Variable Annuities and a Class V
          Agent for Individual Life, Annuity and Health Insurance), the
          provisions of this Agreement, which specifically relate only to a
          particular Class of Agent shall only apply to Agent in transacting
          that Line of Business for which Agent is so classified, if any.

3.0  SEC REGISTERED CONTRACTS

     3.1  If Agent is a Class I through Class XX Agent and an NASD registered
          Broker-Dealer, Agent agrees that, with respect to SEC Registered
          Contracts, Agent has full responsibility for the training and
          supervision of all persons, including sub-agents of Agent, associated
          with Agent who are engaged directly or indirectly in the offer or sale
          of such Contracts and that all such persons shall be subject to the
          control of Agent with respect to such persons' activities in
          connection with the Contracts. Agent will cause the sub-agents to be
          trained in the sale of the Contracts and will cause such sub-agents to
          be registered representatives of Agent before such sub-agents engage
          in the offer or sale of the Contracts. Agent shall cause Agent's sub-
          agents' qualifications to be certified to the satisfaction of Company
          and shall notify Company if any sub-agents cease to be registered
          representatives of Agent.

          3.1.1  Agent will fully comply with the requirements of the National
                 Association of Securities Dealers, Inc. and of the Securities
                 Exchange Act of 1934 and all other applicable federal or state
                 laws and will establish such rules and procedures as may be
                 necessary to cause diligent supervision of the securities
                 activities of the sub-agents. Upon request by Company, Agent
                 shall furnish any records necessary to establish such diligent
                 supervision.

          3.1.2  Before a sub-agent is permitted to solicit and procure
                 applications for the Contracts, Agent and the sub-agent shall
                 have entered into an agreement pursuant to which the sub-agent
                 will be appointed a sub-agent and a registered representative
                 of Agent and in which the sub-agent will agree that his
                 selling activities relating to the Contracts will be under the
                 supervision and control of Agent, and the sub-agent's right to
                 continue to sell such Contracts is subject to his continued
                 compliance with such agreement.

          3.1.3  In the event a sub-agent fails or refuses to submit to
                 supervision of Agent in accordance with this Agreement, or
                 otherwise fails to meet the rules and standards imposed by
                 Agent, Agent shall immediately notify such sub-agent that he
                 is no longer authorized to sell the Contracts, and Agent shall
                 take whatever additional action may be necessary to terminate
                 the sales activities of such sub-agent relating to the
                 Contracts including immediate notification of Company of such
                 termination.

     3.2  If Agent is not an NASD Registered Broker/Dealer but is a member of an
          affiliated group of legal entities one of which is an NASD Registered
          Broker/Dealer ("Broker/Dealer") and a party to this Agreement, Agent
          agrees that, with respect to SEC Registered contracts, the sub-agents
          of Agent shall be registered representatives of such Broker/Dealer.

          3.2.1  As appropriate, any reference in this Agreement to Agent shall
                 apply equally to such Broker/Dealer.

          3.2.2  Each Agent which is not a Broker/Dealer hereby directs Company
                 to pay any compensation due, pursuant to Paragraph 4, to the
                 Broker/Dealer.


                                       -2-

<PAGE>

     3.3  If Agent is neither an NASD Registered Broker-Dealer nor a member of
          an affiliated group of legal entities one of which is a Broker/Dealer,
          Agent and any sub-agents shall be registered representatives of
          Hartford Equity Sales Company, Inc.

     3.4  All other provisions of this Agreement apply to the sale of SEC
          Registered Contracts.

4.0  COMPENSATION

     4.1  Company will pay Agent as full compensation hereunder, commissions
          and/or service fees on premiums paid to Company on account of
          Contracts issued upon applications procured pursuant to this Agreement
          and while this Agreement is in effect.

          4.1.1  Commission and/or service fees will be paid in the amounts and
                 for the periods of time as set forth in the Commission
                 Schedules included in this Agreement or subsequently made a
                 part hereof, and which are in effect at the time such
                 Contracts are sold.

          4.1.2  The Commission Schedules included in this Agreement are
                 subject to change by Company at any time, but only upon
                 written notice to Agent. No such change shall affect any
                 Contracts issued upon applications received by Company at
                 Company's Home Office prior to the effective date of such
                 change.

          4.1.3  Any Commission Schedule included in this Agreement or
                 subsequently made a part hereof may provide other or
                 additional conditions regarding compensation and if so, will
                 be controlling to the extent of the other or additional
                 conditions.

     4.2  Compensation will be earned by Agent only for those applications
          accepted by Company, and only after receipt by Company at Company's
          Home Office in Hartford, Connecticut, of the required premium and
          compliance by Agent with any outstanding delivery requirements.

          4.2.1  No compensation will be earned or paid on premiums (other than
                 premiums on health insurance contracts) waived by Company
                 pursuant to any "waiver of premium" provision.

          4.2.2  Should Company for any reason return any premium on a policy
                 issued hereunder, Agent agrees to repay Company the total
                 amount of any compensation which may have been paid thereon
                 within thirty (30) business days of notice of such refund.

     4.3  Any compensation otherwise payable to Agent in accordance with this
          Section 4.0 shall be reduced by the amount, if any, of such
          compensation paid directly, at the direction of Agent, by Company to
          any person and appointed by Company and Agent or, in connection with
          group policies, the amounts paid by Company to a resident licensed
          agent in a state which requires the countersignature by, or the
          effectuating of the insurance through, a resident licensed agent.

     4.4  In the event of termination of this Agreement for one or more of the
          reasons specified in Subparagraphs 7.2.2 or 7.2.3 below, no further
          commissions or other compensation shall thereafter be payable.

     4.5  With respect to registered Contracts, if Agent is disqualified for
          continued registration with the NASD, Company shall not be obligated
          to pay any compensation, the payment of which would represent a
          violation of NASD rules.


                                       -3-

<PAGE>

          In such event, Company shall hold any commission otherwise due on any
          Contract in force in "escrow" from the date of such disqualification
          until the termination of any litigation or administrative proceedings
          relating to such disqualification, provided Agent commences an appeal
          to the NASD within 180 days following the disqualification notice and
          actively pursues such appeal. Should Agent's registration in the NASD
          be reinstated, all compensation due or becoming due Agent during the
          period of disqualification shall be immediately paid, provided this
          does not violate any NASD rules or regulations in effect at said time.

5.0  GENERAL PROVISIONS

     5.1  Agent shall cooperate with Company in the investigation and
          settlement of all claims against Agent and/or Company relating to the
          solicitation or sale of Contracts under this Agreement. Agent shall
          promptly forward to Company any notice of claim or other relevant
          information which may come into Agent's possession.

     5.2  Agent shall keep full and accurate records of the business transacted
          by Agent under this Agreement and shall forward to Company such
          reports of said business as Company may prescribe. Company shall have
          the right to examine said records at reasonable times. All rate books,
          manuals, forms, supplies and any other properties furnished by Company
          and in the possession of Agent shall be returned to Company on
          termination of this Agreement.

     5.3  Agent shall bear all of Agent's expenses incurred in the performance
          of this Agreement.

     5.4  Agent shall have a duty to obtain applications for Company and, where
          appropriate, to conserve and renew coverage placed with Company.

     5.5  All applications for the purchase of Contracts shall be subject to
          acceptance by Company. Company reserves the right to prescribe
          conditions, rules and regulations for the offer and acceptance of its
          Contracts, which may be changed from time to time and which shall be
          forwarded to Agent.

     5.6  Company reserves the right to modify, change or discontinue the
          offering of any form of Contract at any time.

     5.7  No waiver or modification of this Agreement will be effective unless
          it be in writing and signed by a duly authorized officer of Company
          and Agent or a duly authorized officer of Agent.

     5.8  The failure of Company to enforce any provisions of this Agreement
          shall not constitute a waiver of any such provision. The past waiver
          of a provision by Company shall not constitute a course of conduct or
          a waiver in the future of that same provision.

     5.9  In the event any legal process or notice is served on Agent in a suit
          or proceeding against Company, Agent shall forward forthwith such
          process or notice to Company at its Home Office in Hartford,
          Connecticut, by certified mail.

     5.10 Agent shall not use any advertising material, prospectus, proposal, or
          representation either in general or in relation to a Contract of
          Company unless furnished by Company or until the consent of Company
          shall have been first secured. Agent shall not issue or recirculate
          any illustration, circular, statement or memorandum of any sort,
          misrepresenting the terms, benefits or advantages of any Contract
          issued by Company, or make any misleading statement as to dividends or
          other benefits to be received thereon, or as to the financial position
          of Company.


                                       -4-

<PAGE>

          5.10.1 In regard to SEC Registered Contracts, Agent agrees not to
                 make written or oral representations except such as are
                 contained in current prospectuses and authorized supplementary
                 sales literature made available by Company. In respect to such
                 products Agent also agrees to comply with the Securities and
                 Exchange Commission Statement of Policy and the regulations
                 thereunder of the National Association of Securities Dealers,
                 Inc.

     5.11 Agent shall indemnify and save Company harmless from any loss or
          expense on account of any unauthorized act or transaction by Agent, or
          persons employed or appointed by Agent, or any claim by a sub-agent of
          Agent for compensation due or to become due on account of such sub-
          agent's sale of Contracts.

          5.11.1 Agent expressly authorizes Company to charge against all
                 compensation due or to become due to Agent under this
                 Agreement any monies paid or liabilities incurred by Company
                 under this Paragraph 5.11.

     5.12 Agent shall not offer or pay any rebate of premium or make any offer
          of any other inducement not specified in the Contracts to any person
          to insure with Company. Agent shall not make any misrepresentation or
          incomplete comparison for the purpose of inducing a policyholder in
          any other company to lapse, forfeit or surrender its insurance
          therein.

     5.13 No assignment of this Agreement, or commissions payable hereunder,
          shall be valid unless authorized in writing by Company. Every
          assignment shall be subject to any indebtedness and obligation of
          Agent that may be due or become due to Company and any applicable
          state insurance regulations pertaining to such assignments.

     5.14 Company may at any time deduct, from any monies due under this
          Agreement, every indebtedness or obligation of Agent to Company.

          5.14.1 On termination of this Agreement, any outstanding indebtedness
                 to Company shall become immediately due and payable.

6.0 LIMITATION OF AUTHORITY

     6.1  Agent is not authorized, and is expressly forbidden on behalf of
          Company, to incur any indebtedness or liability, or to make, alter or
          discharge agreements, or to waive forfeitures, extend the time of
          payment of any premium, waive payment in cash, or to receive any money
          due or to become due Company, except as specifically provided in this
          Agreement.

     6.2  No individual Contract providing life, health or disability insurance
          coverage shall be delivered if a sub-agent or Agent has knowledge that
          the health of the proposed insured has changed since the application
          was taken or unless the first premium has been fully paid and delivery
          made by the delivery date specified by Company or, if no delivery date
          is specified, within sixty (60) days from the date said Contract is
          mailed from Company's Home Office.

          6.2.1  Any Contract not delivered, in accordance with this Paragraph
                 6.2, shall be returned to Company immediately.

7.0  TERMINATION

     7.1  This entire Agreement may be terminated by either party by giving
          thirty (30) days' notice in writing to the other party.


                                       -5-

<PAGE>

          7.1.1  Such notice of termination shall be mailed to the last known
                 address of Agent appearing on Company's records, or in the
                 event of termination by Agent, to the Home Office of Company
                 at P.O. Box 2999, Hartford, Connecticut 06104-2999.

          7.1.2  Such notice shall be an effective notice of termination of
                 this Agreement as of the time the notice is deposited in the
                 United States mail or the time of actual receipt of such
                 notice if delivered by means other than mail.

     7.2  This Agreement shall automatically terminate without notice upon the
          occurrence of any of the events set forth below:

          7.2.1  Upon the bankruptcy or dissolution of Agent provided, however,
                 that if there is more than one Agent, the Agreement shall
                 automatically terminate only with respect to the bankrupt or
                 dissolved Agent.

          7.2.2  When and if Agent commits fraud or gross negligence in the
                 performance of any duties imposed upon Agent by this Agreement
                 or wrongfully withholds or misappropriates, for Agent's own
                 use, funds of Company, its policyholders or applicants.

          7.2.3  When and if Agent materially breaches this Agreement or
                 materially violates the insurance or Federal or State
                 securities laws of a state in which Agent transacts business.

          7.2.4  When and if Agent fails to obtain renewal of a necessary
                 license in any jurisdiction, but only as to that jurisdiction.

          7.2.5  When and if Agent is disqualified for continued membership
                 with the NASD or registration with the Securities and Exchange
                 Commission, but only as to SEC registered Contracts.

     7.3  The provisions of Sections 5.0 and 6.0 shall survive the termination
          of this Agreement, as appropriate.


                                       -6-



<PAGE>
                                                               Exhibit (b)(4)

                           INDIVIDUAL FLEXIBLE PREMIUM
                            VARIABLE ANNUITY CONTRACT

                ITT Hartford Life and Annuity Insurance Company
                                  P.O. Box 2999
                        Hartford, Connecticut 06104-2999
           (a stock life insurance company, herein called the Company)


Unless otherwise directed by the Contract Owner, the Company agrees to pay the
named Annuitant, on the Annuity Commencement Date, if the Annuitant and Contract
Owner are then living, the first of a series of annuity payments the frequency,
period and dollar amounts of which shall be determined on the basis as set forth
herein, in accordance with the Annuity Option selected.

This contract is issued in consideration of the payment of the initial premium
payment.

This contract is subject to the laws of the jurisdiction where it is delivered.

The Contract Specifications on Page 3 and the conditions and provisions on this
and the following pages are part of the contract.

RIGHT TO EXAMINE CONTRACT

We want you to be satisfied with the contract you have purchased. We urge you to
closely examine its provisions. If for any reason you are not satisfied with
your purchase you may surrender the contract by returning the contract within
ten days after you receive it. A written request for cancellation must accompany
the contract. In such event, we will pay to the Contract Owner an amount equal
to the sum of (i) the difference between the premiums paid and the amounts
allocated to any Account under the contract and (ii) the Contract Value on the
date of surrender. The Contract Owner bears only the investment risk during the
period prior to the Company's receipt of request for cancellation.

Signed for the Company


     /s/ Bruce D. Gardner          /s/ Lowndes A. Smith
     ---------------------------   ---------------------------
     Bruce D. Gardner, SECRETARY   Lowndes A. Smith, PRESIDENT


Premium Payments are flexible as described herein.

Nonparticipating

ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON INVESTMENT
EXPERIENCE OF A SUB-ACCOUNT, ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED
DOLLAR AMOUNT. DETAILS OF THE VARIABLE PROVISIONS ARE DESCRIBED UNDER VALUATION
PROVISIONS, PAGES 9 AND 10.

                              [ITT HARTFORD LOGO]

<PAGE>

                                TABLE OF CONTENTS

                                                                            Page

Contract Specifications                                                        3

Definition of Certain Terms                                                    4

Premium Payments Provision                                                     5

Contract Control Provisions                                                    6

General Provisions                                                             7

Valuation Provisions                                                           9

Termination Provisions                                                        10

Settlement Provisions                                                         12

Annuity Tables                                                                15


                                     Page 2

<PAGE>

                             CONTRACT SPECIFICATIONS

CONTRACT NUMBER     [SPECIMEN]     CONTRACT DATE            [FEBRUARY 8, 19xx]
NAME OF ANNUITANT   [JAMES SCOTT]  DATE OF ISSUE            [FEBRUARY 8, 19xx]
AGE OF ANNUITANT    [35]           ANNUITY COMMENCEMENT
                                   DATE                     [JANUARY 1, 202x]
SEX OF ANNUITANT    [MALE]         INITIAL PREMIUM PAYMENT  [$20,000]
                                   MINIMUM SUBSEQUENT
                                   PAYMENT                  500
                                   MINIMUM FIXED ACCOUNT
                                   INTEREST RATE            3%
CONTINGENT
ANNUITANT           [PAUL SCOTT]
DESIGNATED
BENEFICIARY         [ANN SCOTT]    CONTRACT OWNER           [SAME]
                                   (IF OTHER THAN ANNUITANT)

- --------------------------------------------------------------------------------

                             DESCRIPTION OF BENEFITS


                  INDIVIDUAL FLEXIBLE VARIABLE ANNUITY CONTRACT


ANNUAL WITHDRAWAL AMOUNT:          CONTRACT YEARS 1-7
                                   10% OF PREMIUM PAYMENTS

                                   AFTER CONTRACT YEAR 7
                                   THE GREATER OF:

                                   100% OF THE CONTRACT VALUE REDUCED BY THE
                                   TOTAL OF ANY PREMIUM PAYMENTS MADE DURING
                                   THE 7 YEARS PRIOR TO WITHDRAWAL; OR

                                   10% OF PREMIUM PAYMENTS MADE DURING THE 7
                                   YEARS PRIOR TO WITHDRAWAL.

ANNUAL CONTRACT MAINTENANCE FEE:   $0 IF THE CONTRACT VALUE IS $50,000 OR MORE
                                   ON THE CONTRACT ANNIVERSARY.

                                   $30 IF THE CONTRACT VALUE IS LESS THAN
                                   $50,000 ON THE CONTRACT ANNIVERSARY.

MORTALITY AND EXPENSE RISK CHARGE: 1.25% PER ANNUM OF THE AVERAGE DAILY
                                   CONTRACT VALUE.

ADMINISTRATION CHARGE:             .15% PER ANNUM OF THE AVERAGE DAILY CONTRACT
                                   VALUE. THIS CHARGE WILL NOT BE ASSESSED
                                   AGAINST FIXED ACCOUNT VALUES.


                                     Page 3

<PAGE>

CONTINGENT DEFERRED SALES CHARGES:


SUBJECT TO THE ANNUAL WITHDRAWAL AMOUNT, SURRENDERS OF CONTRACT VALUES
ATTRIBUTABLE TO PREMIUM PAYMENTS MAY BE SUBJECT TO A CONTINGENT DEFERRED SALES
CHARGE ("CHARGE"). THE LENGTH OF TIME FROM RECEIPT OF THE PREMIUM PAYMENT TO THE
TIME OF SURRENDER DETERMINES THE CHARGES.

DURING THE FIRST SEVEN CONTRACT YEARS, ALL SURRENDERS WILL BE FIRST FROM PREMIUM
PAYMENTS AND THEN FROM EARNINGS. IF AN AMOUNT EQUAL TO ALL PREMIUM PAYMENTS HAS
BEEN SURRENDERED, A CHARGE WILL NOT BE ASSESSED AGAINST THE SURRENDER OF THE
REMAINING CONTRACT VALUE.

AFTER THE SEVENTH CONTRACT YEAR, ALL SURRENDERS WILL FIRST BE FROM EARNINGS AND
THEN FROM PREMIUM PAYMENTS. A CHARGE WILL NOT BE ASSESSED AGAINST THE SURRENDER
OF EARNINGS. IF AN AMOUNT EQUAL TO ALL EARNINGS HAS BEEN SURRENDERED, A CHARGE
WILL NOT BE ASSESSED AGAINST PREMIUM PAYMENTS RECEIVED MORE THAN SEVEN YEARS
PRIOR TO SURRENDER, BUT WILL BE ASSESSED AGAINST PREMIUM PAYMENTS RECEIVED LESS
THAN SEVEN YEARS PRIOR TO SURRENDER. FOR THIS PURPOSE, PREMIUM PAYMENTS WILL BE
DEEMED TO BE SURRENDERED IN THE ORDER IN WHICH THEY WERE RECEIVED.

THE CHARGE IS A PERCENTAGE OF THE AMOUNT SURRENDERED (NOT TO EXCEED THE
AGGREGATE AMOUNT OF THE PREMIUM PAYMENTS MADE) AND EQUALS:

                            LENGTH OF TIME FROM PREMIUM PAYMENT
       CHARGE                        (NUMBER OF YEARS)

         6%                                  1
         6%                                  2
         5%                                  3
         5%                                  4
         4%                                  5
         3%                                  6
         2%                                  7
         0%                                  8 AND THEREAFTER

NO CONTINGENT DEFERRED SALES CHARGES WILL BE ASSESSED IN THE EVENT THE CONTRACT
TERMINATES DUE TO THE DEATH OF THE ANNUITANT OR CONTRACT OWNER (AS APPLICABLE),
OR IF CONTRACT VALUES ARE APPLIED TO AN ANNUITY OPTION PROVIDED FOR UNDER THIS
CONTRACT (PROVIDED HOWEVER, ANY SURRENDER OUT OF OPTION 4 WILL BE SUBJECT TO
CONTINGENT DEFERRED SALES CHARGES, IF APPLICABLE) OR UPON THE EXERCISE OF THE
ANNUAL WITHDRAWAL AMOUNT.


                               Page 3 (Continued)

<PAGE>

FUND OPTIONS

THE INITIAL PREMIUM PAYMENT WILL BE ALLOCATED AS SPECIFIED IN YOUR APPLICATION.
THE SAME ALLOCATION WILL BE MADE FOR SUBSEQUENT PREMIUM PAYMENTS UNLESS YOU
CHANGE THE ALLOCATION OR, AT THE TIME OF A PREMIUM PAYMENT, YOU INSTRUCT US TO
ALLOCATE THAT PAYMENT DIFFERENTLY.

SEPARATE ACCOUNT: PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO

          SUB-ACCOUNT                        BASED ON:

     PCM VOYAGER FUND                   PCM VOYAGER FUND

     PCM GLOBAL GROWTH FUND             PCM GLOBAL GROWTH FUND

     PCM GLOBAL ASSET ALLOCATION FUND   PCM GLOBAL ASSET ALLOCATION FUND

     PCM GROWTH & INCOME FUND           PCM GROWTH & INCOME FUND

     PCM UTILITIES GROWTH & INCOME FUND PCM UTILITIES GROWTH & INCOME FUND

     PCM HIGH YIELD FUND                PCM HIGH YIELD FUND

     PCM DIVERSIFIED INCOME FUND        PCM DIVERSIFIED INCOME FUND

     PCM U.S. GOVERNMENT & HIGH         PCM U.S. GOVERNMENT &
     QUALITY BOND FUND                  HIGH QUALITY BOND FUND

     PCM MONEY MARKET FUND              PCM MONEY MARKET FUND


OR OTHER FUNDS AS MAY BE MADE AVAILABLE FROM TIME TO TIME.


                               Page 3 (Continued)

<PAGE>

DEFINITION OF    ACCOUNT - Any of the Sub-Accounts or the Fixed Account.
CERTAIN TERMS

                 ACCUMULATION UNIT - An accounting unit of measure used to
                 calculate the value of a Sub-Account of this contract before
                 annuity payments begin.

                 ADMINISTRATIVE OFFICE OF THE COMPANY - Currently located at
                 200 Hopmeadow St., Simsbury, Ct. All correspondence concerning
                 this contract should be sent to our mailing address at P.O.
                 Box 2999, Attn: Individual Annuity Operations, Hartford, CT
                 06104-2999.

                 ANNUAL WITHDRAWAL AMOUNT - The amount that can be withdrawn in
                 any Contract Year prior to incurring surrender charges.

                 ANNUITANT - The person on whose life this contract is issued.

                 ANNUITY COMMENCEMENT DATE - The date on which annuity payments
                 are to begin as described under Settlement Provisions in this
                 contract.

                 ANNUITY UNIT - An accounting unit of measure used to calculate
                 the amount of annuity payments under the variable annuity
                 option.

                 BENEFICIARY - The person entitled to receive benefits as per
                 the terms of the contract in case of the death of the Contract
                 Owner or Annuitant, as applicable.

                 COMPANY - The ITT Hartford Life and Annuity Insurance Company.

                 CONTINGENT ANNUITANT - The person so designated by the
                 Contract Owner who, upon the Annuitant's death, prior to the
                 Annuity Commencement Date, becomes the Annuitant.

                 CONTRACT ANNIVERSARY - An anniversary of the Contract Date.
                 Similarly, Contract Years are measured from the Contract Date.
                 The Contract Date is shown on Page 3.

                 CONTRACT MAINTENANCE FEE - An amount which is deducted from
                 the value of the contract at the end of the Contract Year or
                 on the date of surrender of this contract, if earlier.

                 CONTRACT OWNER - The owner(s) of the contract.

                 CONTRACT VALUE - The value of the Sub-Accounts plus the value
                 of the Fixed Account on any day.

                 DATE OF ISSUE - The date on which an Account is established
                 for the Contract Owner by the Company.

                 DOLLAR COST AVERAGING - Contract Owner initiated systematic
                 transfers from one or more Accounts to any other available
                 Sub-Accounts.

                 DUE PROOF OF DEATH - A certified copy of the death
                 certificate, an order of a court of competent jurisdiction, a
                 statement from a physician who attended the deceased, or any
                 other proof acceptable to the Company.

                 FIXED ACCOUNT - Part of the Company's General Account to which
                 all or a portion of the Contract Value may be allocated.


                                     Page 4

<PAGE>

DEFINITION OF    FUND(S) - Currently the Funds specified on Page 3 or any other
CERTAIN TERMS    Fund(s) that may be added by the Company.
(CONTINUED)

                 GENERAL ACCOUNT - All assets of the Company other than those
                 allocated to the Separate Accounts of the Company.

                 MAXIMUM ANNIVERSARY VALUE - A value used in determining the
                 death benefit. It is based on a series of calculations of
                 Account Values on Contract Anniversaries, premium payments and
                 partial surrenders.

                 As of the date of death, the Company will calculate an
                 Anniversary Value for each Contract Anniversary prior to the
                 deceased's attained age 81. The Anniversary Value is equal to
                 the Account Value on a Contract Anniversary, increased by the
                 dollar amount of any premium payments made since that
                 anniversary and reduced by the dollar amount of any partial
                 surrenders since that anniversary. The Maximum Anniversary
                 Value is equal to the greatest Anniversary Value attained from
                 this series of calculations.

                 PREMIUM TAX - The amount of tax, if any, charged by a federal,
                 state or municipal entity on premium payments or Contract
                 Values.

                 SEPARATE ACCOUNT - An Account established by the Company to
                 separate the assets funding the variable benefits for the
                 class of contracts to which this contract belongs from the
                 other assets of the Company. The assets in the Separate
                 Account are not chargeable with liabilities arising out of any
                 other business the Company may conduct. The Separate Account
                 and the Funds, which are the underlying securities of the
                 Separate Account, are listed on the Contract Specifications on
                 Page 3 of this contract.

                 SUB-ACCOUNT - The subdivisions of the Separate Account which
                 are used to determine how the Contract Owner's Account is
                 allocated between the Funds.

                 TERMINATION VALUE - The value of the contract upon
                 termination, as described in the section of the contract
                 captioned "Termination Provisions."

                 VALUATION DAY - Every day the New York Stock Exchange is open
                 for trading.

PREMIUM          PREMIUM PAYMENTS
PAYMENTS
                 Premium payments are payable at the Administrative Office of
                 the Company. Payments may be made by check payable to
                 ITT Hartford Life and Annuity Insurance Company or by any
                 other method which the Company deems acceptable.

                 The Initial Premium Payment is shown on Page 3. This is a
                 flexible premium annuity. Additional payments may be accepted
                 by the Company. The additional payments must be at least equal
                 to the minimum subsequent premium payment shown on Page 3.

                 ALLOCATION OF PREMIUM PAYMENTS

                 The Contract Owner shall specify that portion of any premium
                 payment to be allocated to each Account, provided, however,
                 that the minimum allocation to any Account may not be less
                 than the Company's minimum amount then in effect.


                                     Page 5

<PAGE>

PREMIUM          The Contract Owner may transfer Contract Values held in the
PAYMENTS         Accounts into other Accounts; however, the Company reserves
(CONTINUED)      the right to limit the number of transfers to no more
                 frequently than 12 per Contract Year with no two transfers
                 being made on consecutive Valuation Days. Subject to the
                 following two paragraphs, any such limitations will apply to
                 all Contract Owners.

                 The right to reallocate Contract Values between the Accounts
                 is subject to modification if the Company determines, in its
                 sole opinion, that the exercise of that right by one or more
                 Contract Owners is, or would be, to the disadvantage of other
                 Contract Owners. Any modification could be applied to
                 transfers to or from some or all of the Accounts and could
                 include, but not be limited to, the requirement of a minimum
                 time period between each transfer, not accepting transfer
                 requests of an agent acting under a power of attorney on
                 behalf of more than one Contract Owner, or limiting the dollar
                 amount that may be transferred between the Accounts by a
                 Contract Owner at any one time. Such restrictions may be
                 applied in any manner reasonably designed to prevent any use
                 of the transfer right which is considered by the Company to be
                 to the disadvantage of other Contract Owners.

                 The maximum amount transferable from the Fixed Account during
                 any Contract Year is the greater of 30% of the Fixed Account
                 balance as of the last Contract Anniversary or the greatest of
                 any prior transfer from the Fixed Account. This limitation
                 does not apply to Dollar Cost Averaging. However, if any
                 interest rate is renewed at a rate at least one percentage
                 point less than the previous rate, the Contract Owner may
                 elect to transfer up to 100% of the Funds receiving that
                 reduced rate within 60 days of notification of the interest
                 rate decrease. Transfers may not be made from the Sub-Accounts
                 into the Fixed Account for the six-month period following any
                 transfer from the Fixed Account into the other Sub-Accounts.
                 The Company reserves the right to defer transfers from the
                 Fixed Account for up to six months from the date of request.

CONTRACT         ANNUITANT, CONTINGENT ANNUITANT, CONTRACT OWNER
CONTROL
PROVISIONS       The Annuitant may not be changed.

                 The designations of Contract Owner and Contingent Annuitant
                 will remain in effect until changed by the Contract Owner.
                 Changes in the designation of the Contract Owner may be made
                 during the lifetime of the Annuitant by written notice to the
                 Company. Changes in the designation of Contingent Annuitant
                 may be made at any time prior to the Annuity Commencement Date
                 by written notice to the Company. Notwithstanding the
                 foregoing, if no Contingent Annuitant has been named and the
                 Contract Owner/Annuitant's spouse is the Beneficiary, it will
                 be assumed that the Contract Owner/Annuitant's spouse is the
                 Contingent Annuitant.

                 The Contract Owner has the sole power to exercise all the
                 rights, options and privileges granted by this contract or
                 permitted by the Company and to agree with the Company to any
                 change in or amendment to the contract. The rights of the
                 Contract Owner shall be subject to the rights of any assignee
                 of record with the Company and of any irrevocably designated
                 Beneficiary. In the case of joint Contract Owners, each
                 Contract Owner alone may exercise all rights, options and
                 privileges, except with respect to the Termination and Partial
                 Surrender/Annual Withdrawal Amount Provisions and change of
                 ownership.


                                     Page 6

<PAGE>

CONTRACT         BENEFICIARY
CONTROL
PROVISIONS       The Designated Beneficiary will remain in effect until
(Continued)      changed by the Contract Owner. Changes in the Designated
                 Beneficiary may be made during the lifetime of the
                 Annuitant by written notice to the Administrative Office of
                 the Company. If the Designated Beneficiary has been designated
                 irrevocably, however, such designation cannot be changed or
                 revoked without such Beneficiary's written consent. Upon
                 receipt of such notice and written consent, if required, at
                 the Administrative Office of the Company, the new designation
                 will take effect as of the date the notice is signed, whether
                 or not the Annuitant or Contract Owner is alive at the time of
                 receipt of such notice. The change will be subject to any
                 payments made or other action taken by the Company before the
                 receipt of the notice.

                 In the event of the death of the Annuitant when there is no
                 surviving Contingent Annuitant, the Beneficiary will be as
                 follows. If the death of the Annuitant occurs prior to the
                 Annuity Commencement Date, the Beneficiary shall be the
                 surviving Contract Owner, or joint Contract Owners, if
                 applicable, notwithstanding that the Designated Beneficiary
                 may be different. Otherwise, the Beneficiary will be the
                 Designated Beneficiary then in effect. If the Annuitant is the
                 sole Contract Owner and there is no Designated Beneficiary in
                 effect, the Annuitant's estate will be the Beneficiary.

                 In the event of the death of a Contract Owner prior to the
                 Annuity Commencement Date, the Beneficiary will be as follows.
                 If the owner was the sole Contract Owner, the Beneficiary
                 shall be the Designated Beneficiary then in effect. If no
                 Beneficiary designation is in effect or if the Designated
                 Beneficiary has predeceased the Contract Owner, the Contract
                 Owner's estate shall be the Beneficiary. At the first death of
                 a joint Contract Owner prior to the Annuity Commencement Date,
                 the Beneficiary shall be the surviving Contract Owner
                 notwithstanding that the Designated Beneficiary may be
                 different.

GENERAL          THE CONTRACT
PROVISIONS
                 This contract constitutes the entire contract.

                 MODIFICATION

                 No modification of this contract shall be made except over the
                 signature of the President, a Vice President, a Secretary or
                 an Assistant Secretary of the Company.

                 The Company reserves the right to modify the contract, but
                 only if such modification: (i) is necessary to make the
                 contract or the Separate Account comply with any law or
                 regulation issued by a governmental agency to which the
                 Company is subject; (ii) is necessary to assure continued
                 qualification of the contract under the Internal Revenue Code
                 or other federal or state laws relating to retirement
                 annuities or annuity contracts; (iii) is necessary to reflect
                 a change in the operation of the Separate Account or the Sub-
                 Account(s); (iv) provides additional Account options; or (v)
                 withdraws Account options. In the event of any such
                 modification, the Company will provide notice to the Contract
                 Owner, or to the payee(s) during the annuity period. The
                 Company may also make appropriate endorsement in the Contract
                 to reflect such modification.


                                     Page 7

<PAGE>

GENERAL          MINIMUM VALUE STATEMENT
PROVISIONS
(CONTINUED)      Any Termination Values, death benefits or settlement
                 provisions available under this contract equal or exceed those
                 required by the state in which the contract is delivered.

                 NON-PARTICIPATION

                 This contract does not share in the surplus earnings of the
                 Company. That portion of the assets of the Separate Account
                 equal to the reserves and other contract liabilities of the
                 Separate Account shall not be chargeable with liabilities
                 arising out of any other business the Company may conduct.

                 MISSTATEMENT OF AGE AND SEX

                 If the age or sex of the Annuitant has been misstated, the
                 amount of the annuity payable by the Company shall be that
                 provided by that portion of the amounts allocated to effect
                 such annuity on the basis of the corrected information without
                 changing the date of the first payment of such annuity. Any
                 underpayments by the Company shall be made up immediately and
                 any overpayments shall be charged against future amounts
                 becoming payable.

                 If the age of the Annuitant or Contract Owner has been
                 misstated, the amount of any death benefit payable shall be
                 determined based upon the correct age of the Annuitant or
                 Contract Owner.

                 INCONTESTABILITY

                 We cannot contest this Contract.

                 REPORTS TO THE CONTRACT OWNER

                 There shall be furnished to each Contract Owner copies of any
                 shareholder reports of the Funds and of any other notices,
                 reports or documents required by law to be delivered to
                 Contract Owners. Annually, a statement of the Contract Value
                 is sent to the Contract Owner.

                 VOTING RIGHTS

                 The Company shall notify the Contract Owner of any Fund
                 shareholder's meetings at which the shares held for the
                 Contract Owner's Account may be voted and shall also send
                 proxy materials and a form of instruction by means of which
                 the Contract Owner can instruct the Company with respect to
                 the voting of the shares held for the Contract Owner's
                 Account. In connection with the voting of Fund shares held by
                 it, the Company shall arrange for the handling and tallying of
                 proxies received from Contract Owners. The Company will vote
                 the Fund shares held by it in accordance with the instructions
                 received from the Contract Owners having the right to give
                 voting instructions. If a Contract Owner desires to attend any
                 meeting which shares held for the Contract Owner's benefit may
                 be voted, the Contract Owner may request the Company to
                 furnish a proxy or otherwise arrange for the exercise of
                 voting rights with respect to the Fund shares held for such
                 Contract Owner's Account.


                                     Page 8

<PAGE>

GENERAL          In the event that the Contract Owner gives no
PROVISIONS       instructions or leaves the manner of voting
(CONTINUED)      discretionary, the Company will vote such shares of the
                 appropriate Fund in the same proportion as shares of that Fund
                 for which instructions have been received. Also, the Company
                 will vote the Fund Shares in this proportionate manner which
                 are held by the Company for its own Account. During the
                 annuity period under a contract the number of votes will
                 decrease as the assets held to fund annuity benefits decrease.

                 SUBSTITUTION

                 The Company reserves the right to substitute the shares of any
                 other registered investment company for the shares of any Fund
                 already purchased or to be purchased in the future by the
                 Separate Account provided that the substitution has been
                 approved by the Securities and Exchange Commission.

                 CHANGE IN THE OPERATION OF THE SEPARATE ACCOUNT

                 At the Company's election and subject to any necessary vote by
                 persons having the right to give instructions with respect to
                 the voting of the Fund shares held by the Sub-Accounts, the
                 Variable Account may be operated as a management company under
                 the Investment Company Act of 1940 or it may be deregistered
                 under the Investment Company Act of 1940 in the event
                 registration is no longer required. Deregistration of the
                 Variable Account requires an order by the Securities and
                 Exchange Commission.

                 PROOF OF SURVIVAL

                 The payment of any annuity benefit will be subject to evidence
                 that the Annuitant is alive on the date such payment is
                 otherwise due.

VALUATION        NET PREMIUM PAYMENTS
PROVISIONS
                 The net premium payment is equal to the premium payment minus
                 any applicable Premium Taxes. The net premium payment is
                 applied to provide Fixed Account values or Sub-Account
                 Accumulation Units with respect to the Sub-Account(s) selected
                 by the Contract Owner.

                 The number of Accumulation Units credited to each Sub-Account
                 is determined by dividing the net premium payment allocated to
                 a Sub-Account by the dollar value of one Accumulation Unit for
                 such Sub-Account, next computed after the receipt of a premium
                 payment by the Company. The number of Accumulation Units so
                 determined will not be affected by any subsequent change in
                 the value of such Accumulation Units. The Accumulation Unit
                 value in any Sub-Account may increase or decrease from day to
                 day as described below.

                 The Company will determine the value of the Fixed Account by
                 crediting interest to amounts allocated to the Fixed Account.
                 The minimum Fixed Account interest rate is the rate shown on
                 Page 3, compounded annually. The Company, at its discretion,
                 may credit interest rates greater than the minimum Fixed
                 Account interest rate.


                                     Page 9

<PAGE>

VALUATION        NET INVESTMENT FACTOR
PROVISIONS
(CONTINUED)      The net investment factor for each of the Sub-Accounts is
                 equal to the net asset value per share of the corresponding
                 Fund at the end of the valuation period (plus the per share
                 amount of any unpaid dividends or capital gains by that Fund)
                 divided by the net asset value per share of the corresponding
                 Fund at the beginning of the valuation period and subtracting
                 from that amount the mortality and expense risk charge and the
                 administration charge shown on Page 3. The General Account net
                 investment factor is guaranteed to be equal to the Minimum
                 Fixed Account Interest Rate shown on Page 3.

                 ACCUMULATION UNIT VALUE

                 The Accumulation Unit Value for each Sub-Account will vary to
                 reflect the investment experience of the applicable Fund and
                 will be determined on each Valuation Day by multiplying the
                 Accumulation Unit Value of the particular Sub-Account on the
                 preceding Valuation Day by the net investment factor for that
                 Sub-Account for the valuation period then ended. The value of
                 the Sub-Account on each Valuation Day is then determined by
                 multiplying the number of Accumulation Units in that Sub-
                 Account by the Accumulation Unit Value on that Valuation Day.

                 ANNUITY UNIT VALUE

                 The value of an Annuity Unit for each Sub-Account of the
                 Separate Account will vary to reflect the investment
                 experience of the applicable Funds and will be determined by
                 multiplying the value of the Annuity Unit for that Sub-Account
                 on the preceding day by the product of (a) the net investment
                 factor for that Sub-Account for the day for which the Annuity
                 Unit value is being calculated, and (b) 0.999866, which is a
                 factor that neutralizes an assumed interest rate of 5%.

                 CONTRACT MAINTENANCE FEE

                 During each year that this contract is in force prior to the
                 Annuity Commencement Date, a fee will be deducted from the
                 contract at the end of the Contract Year or on the date of
                 surrender of this contract, if earlier. The fee will be
                 charged against the Contract Value by reducing the Fixed
                 Account value and, with respect to the Sub-Accounts, the
                 number of Accumulation Units held on that date on a pro-rata
                 basis with respect to each active Account.

                 The number of Accumulation Units deducted from the Sub-Account
                 is determined by dividing the pro-rata portion of the Contract
                 Maintenance Fee applicable to that Sub-Account, by the value
                 of an Accumulation Unit for the Sub-Account at the end of the
                 Contract Year, or on the date of surrender, as applicable.

TERMINATION      TERMINATION PRIOR TO THE ANNUITY COMMENCEMENT DATE
PROVISIONS
                 FULL SURRENDER

                 At any time prior to the Annuity Commencement Date, the
                 Contract Owner has the right to terminate the contract by
                 submitting a written request to the Administrative Office of
                 the Company. In such event, the Termination Value of the
                 contract may be taken in the form of a cash settlement.


                                     Page 10

<PAGE>

TERMINATION      The Termination Value of the contract is equal
PROVISIONS       to the Contract Value less:
(CONTINUED)
                 (a) any applicable Premium Taxes not previously deducted;
                 (b) the Contract Maintenance Fee as specified on Page 3; and
                 (c) any applicable contingent deferred sales charges as
                 specified on Page 3.

                 The Termination Value provided by the contract is not less
                 than the minimum values required by the insurance laws of the
                 state in which this contract is issued.

                 PARTIAL SURRENDERS/ANNUAL WITHDRAWAL AMOUNT

                 The Contract Owner may request, in writing, a partial
                 surrender of Contract Values at any time prior to the Annuity
                 Commencement Date provided the Contract Value remaining after
                 the surrender is at least equal to the Company's minimum
                 amount rules then in effect. If the remaining Contract Value
                 following such surrender is less than the Company's minimum
                 amount rules, the Company will terminate the contract and pay
                 the Termination Value.

                 The contingent deferred sales charge will be assessed against
                 any Contract Values surrendered as described on Page 3.
                 However, on a noncumulative basis, the Contract Owner may make
                 partial surrenders during any Contract Year, up to the Annual
                 Withdrawal Amount shown on Page 3 and the contingent deferred
                 sales charge will not be assessed against such amounts.
                 Surrender of Contract Values in excess of the Withdrawal
                 Amount and additional surrenders made in any Contract Year
                 will be subject to the contingent deferred sales charge, as
                 described on Page 3, if applicable.

                 For Federal tax purposes, any surrenders will be deemed to be
                 first from earnings, to the extent that they exist, and then
                 from the premium payments.

                 TERMINATION AFTER THE ANNUITY COMMENCEMENT DATE

                 This contract may not be surrendered for its Termination Value
                 after the commencement of annuity payments, except with
                 respect to Options Four and Five.

                 PAYMENT ON SURRENDER - DEFERRAL OF PAYMENT

                 Payment on any request for surrender will be made as soon as
                 possible and, with respect to the Contract Values in the Sub-
                 Accounts, no later than seven days after the written request
                 is received by the Company. However, such payment may be
                 subject to postponement:

                 (a)  for any period during which the  New York Stock Exchange
                      is closed or during which trading on the New York Stock
                      Exchange is restricted;

                 (b)  for any period during which an emergency exists as a
                      result of which (i) disposal of the securities held in
                      the Sub-Accounts is not reasonably practicable, or (ii)
                      it is not reasonably practicable for the value of the net
                      assets of the Separate Account to be fairly determined;
                      and

                 (c)  for such other periods as the Securities and Exchange
                      Commission may, by order, permit for the protection of
                      the Contract Owners. The conditions under which trading
                      shall be deemed to be restricted or any emergency shall
                      be deemed to exist shall be determined by rules and
                      regulations of the Securities and Exchange Commission.


                                     Page 11

<PAGE>

TERMINATION      The Company may defer payment of any amounts
PROVISIONS       from the Fixed Account for up to six months
(CONTINUED)      from the date of the request to surrender. If the Company
                 defers payment for more than 30 days, the Company will pay
                 interest of at least 3% per annum on the amount deferred.

                 DEATH BENEFIT

                 If the Annuitant dies before the Annuity Commencement Date and
                 there is no designated Contingent Annuitant surviving, or if
                 the Contract Owner dies before the Annuity Commencement Date,
                 the Death Benefit will be payable as determined under the
                 Contract Control Provisions. The Death Benefit is calculated
                 as of the date the Company receives written notification of
                 Due Proof of Death at the Administrative Office of the
                 Company.

                 The Death Benefit will be the greatest of:

                 (a)  The Contract Value on the date of receipt of Due Proof of
                      Death at the Administrative Office of the Company; or

                 (b)  The Maximum Anniversary Value as described on Page 5 of
                      this Contract; or

                 (c)  100% of all premium payments made under the Contract,
                      reduced by the dollar amount of any partial surrenders
                      since the Date of Issue.

                 The Death Benefit may be taken in one sum or under any of the
                 settlement options then being offered by the Company provided,
                 however, that, in the event of a Contract Owner's death, any
                 settlement option must provide that any amount payable as a
                 death benefit will commence upon notification of Due Proof of
                 Death and be completed within five years of the date of death
                 or, if the benefit is payable over a period not extending
                 beyond the life expectancy of the Beneficiary or over the life
                 of the Beneficiary, such distribution must commence within one
                 year of the date of death. Notwithstanding the foregoing, in
                 the event of the Contract Owner's death where the sole
                 Beneficiary is the spouse of the Contract Owner and the
                 Annuitant or Contingent Annuitant is living, such spouse may
                 elect, in lieu of receiving the death benefit, to be treated
                 as the Contract Owner.

SETTLEMENT       When payment is taken in one sum, payment will be made within
PROVISIONS       7 days after the date Due Proof of Death is received, except
                 when the Company is permitted to defer such payment under the
                 Investment Company Act of 1940.

                 ANNUITY COMMENCEMENT DATE

                 The Annuity Commencement Date is shown on Page 3. This date
                 may be changed by the Contract Owner with 30 days advance
                 written notification, and may be the fifteenth day of any month
                 before or including the month of the Annuitant's 90th
                 birthday. In the event the Contingent Annuitant becomes the
                 Annuitant and in the absence of a written election to the
                 contrary, the Annuity Commencement Date will be the fifteenth
                 day of the month coincident with or next following the
                 Annuitant's 90th birthday.


                                     Page 12

<PAGE>

SETTLEMENT       ELECTION OF ANNUITY OPTION
PROVISIONS
(CONTINUED)      The Contract Owner may elect to have the Termination Value,
                 without deduction for any contingent deferred sales charge,
                 applied on the Annuity Commencement Date under any one of the
                 annuity options described below except the fifth option or
                 under any of the settlement options then being offered by the
                 Company. The Termination Value is determined on the basis of
                 the Accumulation Unit value of each Sub-Account and the value
                 of the Fixed Account no later than the fifth Valuation Day
                 preceding the date annuity payments are to commence.

                 DATE OF PAYMENT

                 The first payment under any option shall be made on the
                 fifteenth day of the month immediately following approval of
                 claim for settlement. Subsequent payments shall be made on the
                 fifteenth day of each subsequent month in accordance with the
                 manner of payment selected.

                 DEATH OF THE ANNUITANT

                 In the event of the death of the Annuitant while receiving
                 annuity payments, the present value of any remaining payments
                 will be paid in one sum to the Beneficiary unless other
                 provisions shall have been made and approved by the Company.
                 If the Annuitant was also the Contract Owner, any method of
                 distribution must provide that any amount payable as a death
                 benefit will be distributed at least as rapidly as under the
                 method of distribution in effect at the Contract Owner's
                 death. In the case of the Separate Account calculations, for
                 such present value of the remaining payments the Company will
                 assume a net investment rate of 5% per annum. The Annuity Unit
                 value on the date of receipt of Due Proof of Death shall be
                 used for the purpose of determining such present value. In the
                 case of the General Account the net investment rate assumed
                 will be the rate used by the Company to determine the amount
                 of each certain payment.

                 ALLOCATION OF ANNUITY

                 The person electing an annuity option may further elect to
                 have the value of the contract applied to provide a variable
                 annuity, a fixed dollar annuity a or combination of both. Once
                 very 3 months, following the commencement of annuity payments,
                 the Contract Owner may elect, in writing, to transfer among
                 any Sub-Account(s) on which variable annuity payments are
                 based. No transfers may be made between the Sub-Accounts and
                 the General Account.

                 If no election is made to the contrary, the value of each Sub-
                 Account shall be applied to provide a variable annuity based
                 thereon, and the value of the Fixed Account shall be applied
                 to provide a fixed dollar annuity.

                 VARIABLE ANNUITY AND FIXED DOLLAR ANNUITY

                 VARIABLE ANNUITY - A variable annuity is an annuity with
                 payments increasing or decreasing in amount in accordance
                 with the net investment results  of the Sub-Account(s) of the
                 Separate Account (as described in the Valuation Provisions).
                 After the first monthly payment for a variable annuity has
                 been determined in accordance with the provisions of this
                 contract, a number of Sub-Account Annuity Units is determined
                 by dividing that first monthly payment by the appropriate Sub-
                 Account Annuity Unit value on the effective date of the
                 annuity payments.


                                     Page 13

<PAGE>

SETTLEMENT       Once variable annuity payments have begun, the number
PROVISIONS       of Annuity Units remains fixed with respect to a particular
(CONTINUED)      Sub-Account. If the Contract Owner elects that continuing
                 annuity payments be based on a different Sub-Account, the
                 number will change effective with that election but will
                 remain fixed in number following such election. The method of
                 calculating the unit value is described under Valuation
                 Provisions.

                 The dollar amount of the second and subsequent variable
                 annuity payments is not predetermined and may increase or
                 decrease from month to month. The actual amount of each
                 variable annuity payment after the first is determined by
                 multiplying the number of Sub-Account Annuity Units by the
                 Sub-Account Annuity Unit value as described in the Valuation
                 Provisions.  The Sub-Account Annuity Unit value will be
                 determined no earlier than the fifth Valuation Day preceding
                 the date the annuity payment is due.

                 The Company guarantees that the dollar amount of variable
                 annuity payments will not be adversely affected by variations
                 in the expense results and in the actual mortality experience
                 of payees from the mortality assumptions, including any age
                 adjustment, used in determining the first monthly payment.

                 Fixed Dollar Annuity - A fixed dollar annuity is an annuity
                 with payments which remain fixed as to dollar amount
                 throughout the payment period.

                 ANNUITY OPTIONS

                 FIRST OPTION - Life Annuity - An annuity payable monthly
                 during the lifetime of the payee, ceasing with the last
                 payment due prior to the death of the payee.

                 SECOND OPTION - Life Annuity with 120, 180 or 240 Monthly
                 Payments Certain - An annuity providing monthly income to the
                 payee for a fixed period of 120 months, 180 months, or 240
                 months (as selected), and for as long thereafter as the
                 payee shall live.

                 THIRD OPTION - Joint and Last Survivor Life Annuity - An
                 annuity payable monthly during the joint lifetime of the payee
                 and a secondary payee, and thereafter during the remaining
                 lifetime of the survivor, ceasing with the last payment prior
                 to the death of the survivor.

                 FOURTH OPTION - Payment for a Designated Period - An amount
                 payable monthly for the number of years selected which may be
                 from 5 to 30 years. The remaining balance of proceeds in the
                 General Account or the Separate Account for any day is equal
                 to the balance on the previous day decreased by the amount of
                 any installment paid on that day and the remainder multiplied
                 by the applicable net investment factor for the day as
                 described in the valuation provisions. Any surrender out of
                 this option will be subject to contingent deferred sales
                 charges, as described on Page 3.

                 If this contract is issued to qualify under Section 401, 403,
                 or 408 of the Internal Revenue Code of 1954 as amended, the
                 fourth option shall be available only if the guaranteed
                 payment period is less than the life expectancy of the
                 Annuitant at the time the option becomes effective. Such life
                 expectancy will be computed under the mortality table then in
                 use by the Company.


                                     Page 14

<PAGE>

SETTLEMENT       FIFTH OPTION - Death Benefit Remaining with the Company
PROVISIONS       - Proceeds from the Death Benefit left with the
(CONTINUED)      Company for a period not to exceed five years from the
                 date of the Contract Owner's death prior to the Annuity
                 Commencement Date. The proceeds will remain in the Sub-
                 Account(s) to which they were allocated at the time of death
                 unless the Beneficiary elects to reallocate them. Full or
                 partial withdrawals may be made at any time. In the event of
                 withdrawals, the remaining value will equal the Contract Value
                 of the proceeds left with the Company, minus any withdrawals.

                 In the absence of an election by the Contract Owner, the
                 Termination Value, without deduction for any contingent
                 deferred sales charge, will be applied on the Annuity
                 Commencement Date under the second option to provide a life
                 annuity with 120 monthly payments certain.

ANNUITY TABLES   DESCRIPTION OF TABLES

                 The attached tables show the minimum dollar amount of the
                 first monthly payments for each $1,000 applied under the
                 options. Under the First or Second Options, the amount of each
                 payment will depend upon the age and sex of the payee at the
                 time the first payment is due. Under the Third Option, the
                 amount of each payment will depend upon the sex of both payees
                 and their ages at the time the first payment is due.

                 The variable payment annuity tables for the First, Second and
                 Third Options are based on the 1983a Individual Annuity
                 Mortality Table with ages set back one year and an interest
                 rate of 5% per annum. The table for the Fourth Option is based
                 on an interest rate of 5% per annum.

                 The fixed annuity payment tables for the First, Second and
                 Third Options are based on the 1983a Individual Annuity
                 Mortality Table with ages set back one year and an interest
                 rate of 3% per annum. The table for the Fourth Option
                 is based on an interest rate of 3% per annum.

                 Once the Contract Owner has elected an annuity option, that
                 election may not be changed with respect to any Annuitant
                 following the commencement of annuity payments.

                 MINIMUM PAYMENT

                 No election of any options or combination of options may be
                 made under this contract unless the first payment for each
                 affected Account would be at least equal to the minimum
                 payment amount according to Company rules then in effect. If
                 at any time, payments to be made to any payee from each
                 Account are or become less than the minimum payment amount,
                 the Company shall have the right to change the frequency of
                 payment to such intervals as will result in a payment at least
                 equal to the minimum. If any amount due would be less than the
                 minimum payment amount per annum, the Company may make such
                 other settlement as may be equitable to the payee.


                                     Page 15

<PAGE>

                         VARIABLE PAYMENT ANNUITY TABLES
                         Amount of First Monthly Payment
                           For Each $1,000 Applied to
                           Variable Payment Annuities

Second and subsequent annuity payments, when based on the investment experience
of a Separate Account, are variable and are not guaranteed as to fixed dollar
amount.

SINGLE LIFE ANNUITIES

<TABLE>
<CAPTION>
                   Male Payee                               Female Payee
                   ----------                               ------------

           Monthly Payments Guaranteed               Monthly Payments Guaranteed

Age     --------------------------------          --------------------------------
         None     120      180      240            None     120      180      240
<S>     <C>      <C>      <C>      <C>            <C>      <C>      <C>      <C>
 35     $4.68    $4.67    $4.66    $4.64          $4.52    $4.52    $4.51    $4.50
 40      4.86     4.85     4.82     4.79           4.65     4.65     4.64     4.62
 45      5.10     5.07     5.03     4.97           4.83     4.82     4.80     4.77
 50      5.41     5.35     5.28     5.20           5.06     5.04     5.01     4.97
 51      5.48     5.41     5.34     5.24           5.12     5.09     5.06     5.01
 52      5.55     5.48     5.40     5.30           5.17     5.14     5.11     5.05
 53      5.63     5.55     5.46     5.35           5.23     5.20     5.16     5.10
 54      5.71     5.63     5.53     5.40           5.30     5.26     5.22     5.15
 55      5.80     5.70     5.60     5.45           5.37     5.33     5.28     5.20
 56      5.89     5.79     5.67     5.51           5.44     5.40     5.34     5.26
 57      5.99     5.88     5.74     5.57           5.52     5.47     5.40     5.31
 58      6.10     5.97     5.82     5.62           5.60     5.54     5.47     5.37
 59      6.21     6.07     5.90     5.68           5.69     5.62     5.54     5.43
 60      6.33     6.17     5.98     5.74           5.79     5.71     5.62     5.49
 61      6.46     6.28     6.07     5.80           5.89     5.80     5.70     5.55
 62      6.60     6.40     6.16     5.86           6.00     5.90     5.78     5.61
 63      6.75     6.52     6.25     5.91           6.11     6.00     5.86     5.67
 64      6.91     6.64     6.34     5.97           6.23     6.11     5.95     5.74
 65      7.09     6.78     6.43     6.02           6.37     6.22     6.04     5.80
 66      7.27     6.91     6.52     6.08           6.51     6.34     6.14     5.87
 67      7.47     7.06     6.62     6.12           6.66     6.47     6.24     5.93
 68      7.68     7.21     6.71     6.17           6.82     6.60     6.34     5.99
 69      7.91     7.36     6.81     6.22           7.00     6.74     6.44     6.05
 70      8.15     7.52     6.90     6.26           7.19     6.89     6.54     6.11
 75      9.65     8.35     7.30     6.41           8.41     7.74     7.06     6.34
 80     11.78     9.16     7.59     6.48          10.24     8.70     7.46     6.46
 85     14.73     9.80     7.74     6.51          13.00     9.55     7.69     6.50
 90     18.62    10.21     7.80     6.51          17.00    10.10     7.79     6.51

</TABLE>

JOINT AND LAST SURVIVOR ANNUITY

<TABLE>
<CAPTION>

Age of                              Age of Female Payee
Male     35      40      45      50      55      60      65      70      75      80      85      90
Payee
- -----  -----   -----   -----   -----   -----   -----   -----   -----   -----   -----   -----   -----
<S>    <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
 35    $4.38   $4.42   $4.47   $4.52   $4.56   $4.59   $4.62   $4.64   $4.65   $4.66   $4.67   $4.68
 40     4.41    4.47    4.54    4.60    4.66    4.71    4.75    4.79    4.81    4.83    4.85    4.85
 45     4.43    4.51    4.60    4.68    4.77    4.85    4.91    4.97    5.01    5.05    5.07    5.08
 50     4.45    4.55    4.65    4.76    4.88    5.00    5.10    5.19    5.26    5.31    5.35    5.37
 55     4.47    4.57    4.70    4.84    4.99    5.15    5.30    5.44    5.56    5.65    5.71    5.75
 60     4.49    4.60    4.73    4.90    5.09    5.30    5.52    5.73    5.92    6.07    6.17    6.24
 65     4.50    4.61    4.76    4.95    5.17    5.43    5.73    6.04    6.34    6.59    6.79    6.91
 70     4.50    4.63    4.78    4.98    5.23    5.54    5.92    6.34    6.79    7.21    7.55    7.80
 75     4.51    4.64    4.80    5.01    5.28    5.63    6.07    6.60    7.22    7.87    8.46    8.91
 80     4.51    4.64    4.81    5.03    5.31    5.69    6.18    6.81    7.60    8.52    9.45   10.24
 85     4.52    4.65    4.82    5.04    5.34    5.73    6.25    6.96    7.89    9.07   10.40   11.67
 90     4.52    4.65    4.82    5.05    5.35    5.75    6.30    7.05    8.09    9.49   11.21   13.03

</TABLE>

PAYMENTS FOR A DESIGNATED PERIOD

<TABLE>
<CAPTION>
       Amount           Amount           Amount           Amount           Amount           Amount
No.      of        No.    of        No.    of        No.    of        No.    of        No.    of
of     Monthly      of  Monthly      of  Monthly      of  Monthly      of  Monthly      of  Monthly
Years  Payments  Years  Payments  Years  Payments  Years  Payments  Years  Payments  Years  Payments
- -----  --------  -----  --------  -----  --------  -----  --------  -----  --------  -----  --------
<S>    <C>       <C>    <C>       <C>    <C>       <C>    <C>       <C>    <C>       <C>    <C>
 5     $18.74       10  $10.51       15   $7.82       20   $6.51       25   $5.76       30   $5.28
 6      15.99       11    9.77       16    7.49       21    6.33       26    5.65
 7      14.02       12    9.16       17    7.20       22    6.17       27    5.54
 8      12.56       13    8.64       18    6.94       23    6.02       28    5.45
 9      11.42       14    8.20       19    6.71       24    5.88       29    5.36

</TABLE>

The monthly payment for any combination of ages not shown will be quoted upon
request.


                                     Page 16

<PAGE>

                          FIXED PAYMENT ANNUITY TABLES
                           Amount of Monthly Payments
                           For Each $1,000 Applied to
                             Fixed Payment Annuities

Payments are fixed and are guaranteed as to fixed dollar amount.

FIRST AND SECOND OPTIONS - SINGLE LIFE ANNUITIES WITH:

<TABLE>
<CAPTION>
                   Male Payee                               Female Payee
                   ----------                               ------------

           Monthly Payments Guaranteed               Monthly Payments Guaranteed

        --------------------------------          --------------------------------
         None     120      180      240            None     120      180      240
<S>     <C>      <C>      <C>      <C>            <C>      <C>      <C>      <C>
 35     $3.41    $3.40    $3.39    $3.38          $3.23    $3.23    $3.22    $3.22
 40      3.61     3.60     3.58     3.56           3.39     3.38     3.38     3.37
 45      3.87     3.85     3.82     3.77           3.59     3.58     3.57     3.55
 50      4.19     4.15     4.10     4.03           3.84     3.83     3.81     3.77
 51      4.27     4.22     4.17     4.08           3.90     3.89     3.86     3.82
 52      4.34     4.29     4.23     4.14           3.97     3.95     3.92     3.88
 53      4.43     4.37     4.30     4.20           4.03     4.01     3.98     3.93
 54      4.51     4.45     4.37     4.26           4.10     4.08     4.04     3.99
 55      4.60     4.54     4.45     4.32           4.18     4.15     4.11     4.04
 56      4.70     4.62     4.53     4.39           4.25     4.22     4.18     4.11
 57      4.80     4.72     4.61     4.45           4.34     4.30     4.25     4.17
 58      4.91     4.82     4.69     4.51           4.42     4.38     4.32     4.23
 59      5.03     4.92     4.78     4.58           4.52     4.47     4.40     4.30
 60      5.15     5.03     4.87     4.64           4.61     4.56     4.48     4.37
 61      5.28     5.14     4.96     4.71           4.72     4.66     4.57     4.44
 62      5.42     5.26     5.06     4.78           4.83     4.76     4.66     4.51
 63      5.57     5.39     5.16     4.84           4.95     4.86     4.75     4.58
 64      5.74     5.52     5.26     4.90           5.07     4.98     4.85     4.65
 65      5.91     5.66     5.36     4.96           5.21     5.10     4.95     4.72
 66      6.10     5.81     5.46     5.02           5.35     5.22     5.05     4.79
 67      6.29     5.96     5.56     5.08           5.51     5.36     5.16     4.86
 68      6.50     6.11     5.66     5.13           5.67     5.50     5.26     4.93
 69      6.73     6.28     5.76     5.18           5.85     5.65     5.37     5.00
 70      6.97     6.44     5.86     5.23           6.04     5.80     5.49     5.06
 75      8.45     7.32     6.31     5.40           7.26     6.69     6.04     5.32
 80     10.55     8.17     6.62     5.48           9.07     7.69     6.48     5.45
</TABLE>

THIRD OPTION - JOINT AND LAST SURVIVOR ANNUITY

<TABLE>
<CAPTION>
Age of                             Age of Female Payee
  Male      35      40      45      50      55      60      65      70      75      80
 Payee
- -------   -----   -----   -----   -----   -----   -----   -----   -----   -----   -----
<S>       <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
    35    $3.07   $3.14   $3.20   $3.25   $3.30   $3.33   $3.35   $3.37   $3.39   $3.40
    40     3.11    3.20    3.28    3.36    3.42    3.48    3.52    3.55    3.57    3.59
    45     3.15    3.25    3.36    3.46    3.56    3.64    3.71    3.76    3.80    3.83
    50     3.17    3.29    3.42    3.56    3.69    3.82    3.92    4.01    4.08    4.12
    55     3.19    3.32    3.47    3.64    3.81    3.99    4.16    4.29    4.40    4.48
    60     3.20    3.34    3.51    3.70    3.92    4.15    4.39    4.61    4.79    4.93
    65     3.21    3.36    3.54    3.75    4.00    4.29    4.61    4.94    5.24    5.48
    70     3.22    3.37    3.56    3.78    4.05    4.40    4.80    5.25    5.70    6.12
    75     3.22    3.38    3.57    3.81    4.11    4.48    4.95    5.51    6.15    6.80
    80     3.23    3.38    3.58    3.82    4.14    4.54    5.05    5.71    6.52    7.45
</TABLE>

FOURTH OPTION - PAYMENTS FOR A DESIGNATED PERIOD

<TABLE>
<CAPTION>
       Amount           Amount           Amount           Amount           Amount           Amount
No.      of        No.    of        No.     of       No.    of        No.    of        No.    of
of     Monthly      of  Monthly      of  Monthly      of  Monthly      of  Monthly      of  Monthly
Years  Payments  Years  Payments  Years  Payments  Years  Payments  Years  Payments  Years  Payments
- -----  --------  -----  --------  -----  --------  -----  --------  -----  --------  -----  --------
<S>    <C>       <C>    <C>       <C>    <C>       <C>    <C>       <C>    <C>       <C>    <C>
  5    $17.91       10   $9.61       15   $6.87       20   $5.51       25   $4.71       30   $4.18
  6     15.14       11    8.86       16    6.53       21    5.32       26    4.59
  7     13.16       12    8.24       17    6.23       22    5.15       27    4.47
  8     11.68       13    7.71       18    5.96       23    4.99       28    4.37
  9     10.53       14    7.26       19    5.73       24    4.84       29    4.27

</TABLE>

The monthly payment for any combination of ages not shown will be quoted upon
request.


                                     Page 17
<PAGE>

<TABLE>
<S><C>
Application for                                  U.S.P.S.-First Class or Express-Mail to:     Private Express Mail Carriers-Mail to:
VariableAnnuity Contract                           ITT Hartford                                 200 Hopmeadow Street
                                                   Attn: IAO-PCM                                Simsbury, CT  06089
ITT Hartford Life and                              P.O. Box 2999
Annuity Insurance Company                          Hartford, CT 06104-2999
                                      [ITT HARTFORD LOGO]
- ------------------------------------------------------------------------------------------------------------------------------------


1.   Contract Owner                James Scott
                              ------------------------------------
     If no Annuitant is       Name
     specified in Section 3,                                                                  --- -- ----
     the Contract Owner            1 Main Street                                      SS#/TIN 123 45 6789
     will be the Annuitant.   ------------------------------------                            --- -- ----
                              Street Address                                               --    --    --
                                                                       Date of Birth       09    10    58
                              Hartford         CT       06106                              --    --    --
                              ------------------------------------                        month  day year
                              City            State      Zip          /X/ Male / / Female / / Trustee

- ------------------------------------------------------------------------------------------------------------------------------------

2.   Joint Contract           ------------------------------------                           --- -- ----
     Owner (if any)           Name                                                   SS#/TIN
                                                                                             --- -- ----
                              ------------------------------------                        --    --    --
                              Relationship to Contract Owner           Date of Birth
                                                                                          --    --    --
                                                                                         month  day year
                                                                      / / Male / / Female

- ------------------------------------------------------------------------------------------------------------------------------------

3.   Annuitant                ------------------------------------                           --- -- ----
                              Name                                                       SS#
     Complete only if                                                                        --- -- ----
     different from the       ------------------------------------                        --    --    --
     contract owner in        Street Address                           Date of Birth
     Section 1.                                                                           --    --    --
                              ------------------------------------                       month  day year
                              City            State      Zip          / / Male  / / Female

- ------------------------------------------------------------------------------------------------------------------------------------

4.   Contingent Annuitant          Paul Scott                                             Brother
                              ------------------------------------------------------------------------------------------------------
                              Name                                                   Relationship to Owner
- ------------------------------------------------------------------------------------------------------------------------------------

5.   Beneficiary (ies)             Ann Scott                                              Wife                            100%
                              ------------------------------------------------------------------------------------------------------
     Designated               Name(s)                                                Relationship to Contract Owner     Percentage

                              ------------------------------------------------------------------------------------------------------
     Contingent               Name(s)                                                Relationship to Contract Owner     Percentage
- ------------------------------------------------------------------------------------------------------------------------------------

6.   Tax Qualified Plans           A. / / Initial  / / Transfer  / / Rollover

     Check the appropriate         B. / / IRA      / /  403(b)   / /  401(k)   / / 401(a)  / / SEP-IRA  / / Other
     box(es) in A, B, and C.                                                                                    --------------------
                                   C. / / Individual Accounts    / / Unallocated Plan Account

                                   Tax Year for which initial contribution is being made:
                                                                                          -------------------------
- ------------------------------------------------------------------------------------------------------------------------------------

7.   Fund Selection           Please check selected fund(s) and note whole percentage allocations.

     The initial premium      /X/ PCM Voyager Fund                         50   %    / / PCM High Yield Fund                      %
     will be allocated as                                                 ----                                              ----
     selected here.  If       / / PCM Global Growth Fund                        %    / / PCM Diversified Income Fund              %
     Dollar Cost Averaging,                                               ----                                              ----
     complete the DCA         / / PCM Global Asset Allocation Fund              %    / / PCM U.S. Gov. & High Quality Bond        %
     enrollment section                                                   ----           Fund                               ----
     on the reverse side.     / / PCM Growth & Income Fund                      %    / / PCM Money Market Fund                    %
                                                                          ----                                              ----
                              /X/ PCM Utilities Growth & Income Fund       50   %    / / PCM Fixed Account                        %
                                                                          ----                                              ----
                                                                                     / / Other                                    %
                                                                                               --------------------         ----
                              Make checks payable to: ITT Hartford Life Insurance Companies    Initial $ 20,000       Total  100  %
                                                                                                        --------
                              Monies remitted via /X/ check  / / wire  / / 1035  / / Qualified Transfer
- ------------------------------------------------------------------------------------------------------------------------------------

8.   Special Remarks


- ------------------------------------------------------------------------------------------------------------------------------------

Will the annuity applied for replace one or more existing annuity or life insurance contracts? / / Yes   /X/ No    (If yes, explain
Have you purchased another ITT Hartford Annuity during the previous 12 months?                 / / Yes   /X/ No     in Special
                                                                                                                    Remarks)

I hereby represent my answers to the above questions to be true and correct to the best of my knowledge and belief.  I UNDERSTAND
THAT ANNUITY PAYMENTS OR SURRENDER VALUES, WHEN BASED UPON THE INVESTMENT EXPERIENCE OF A SEPARATE ACCOUNT, ARE VARIABLE AND NOT
GUARANTEED AS TO A FIXED DOLLAR AMOUNT.

/X/ RECEIPT OF A VARIABLE ANNUITY AND FUND PROSPECTUS IS HEREBY ACKNOWLEDGED.  If not checked, the appropriate prospectus will be
    mailed to you.

SIGNED AT      Hartford, CT        ON   2-4-94                             /s/ James Scott
          ------------------------    ----------                  ------------------------------------------------------------------
               City, State               Date                     (Contract Owner's signature)

 Do you, as Agent, have reason to believe the contract applied
 for will replace existing annuities or insurance? / / Yes / / No ------------------------------------------------------------------
                                                                  (Joint Contract Owner's signature)

LICENSED
AGENT               /s/ John Adams                                Broker/Dealer           Paine Webber
               ---------------------------------                                ----------------------------------------------------
                         (signature)

                        John Adams                               Address             Financial Plaza, Hartford, CT
               ---------------------------------                         -----------------------------------------------------------
                         (print)

                                                                 Telephone #   (203) 547-5000
               ---------------------------------                             -------------------------------------------------------
             (License I.D. # (Florida Agents Only)
</TABLE>


<PAGE>



                      SECOND AMENDMENT OF RESTATED ARTICLES
                         ITT LIFE INSURANCE CORPORATION

Amendment of Restated Articles in duplicate are hereby executed by the
undersigned, William E. Sweeney, President, and L. L. Kohlhof, Vice President
and Secretary, of ITT Life Insurance Corporation, a Wisconsin corporation as
follows:

     On March 15, 1993, the following amendment to the Restated Articles of
     Incorporation of ITT Life Insurance Corporation was duly adopted by the
     written consent of all the shareholders and the Company's Board of
     Directors:

          RESOLVED, that the First and Second Articles of the Company's Restated
          Articles of Incorporation be and are hereby amended and restated as
          follows.  All other Articles of the Restated Articles of Incorporation
          are unchanged and continue in full force and effect.

               "FIRST:   The name of the Corporation is ITT Hartford Life and
                         Annuity Insurance Company."

               "SECOND:  The name of the Registered Agent of the Corporation is
                         CT Corporation Systems and the address of the
                         Registered Office is 44 East Miffilin Street, Madison,
                         Wisconsin 53703."

          FURTHER RESOLVED, that the directors and officers of the Company be
          and they are hereby authorized and directed to take whatever action
          may be required by law to give effect to this amendment of the
          Restated Articles of Incorporation.


Dated:     March 15, 1993                 /s/ William E. Sweeney
- -------------------------------------    ------------------------------------
                                         William E. Sweeney, President

           (Seal)

                                          /s/ L. L. Kohlhof
                                         ------------------------------------
                                         L. L. Kohlhof, Vice President
                                                        & Secretary
<PAGE>
STATE OF MINNESOTA)
                  )  SS
COUNTY OF HENNEPIN)


On this 15th day of March, 1993, before me appeared William E. Sweeney, to me
personally known, who, being by me duly sworn, did say that he is the President
of ITT Life Insurance Corporation, and that the seal affixed to the foregoing
instrument is the corporate seal of the corporation, and that the instrument was
executed in behalf of the corporation by authority of its Board of Directors,
and said William E. Sweeney acknowledged the instrument to be the free act and
deed of the corporation.


                                        /s/ Tami L. Johnson
[SEAL]                                  ---------------------------------------
                                        Notary Public

                                        My commission expires on
                                        9/10/97
STATE OF MINNESOTA)
                  ) ss
COUNTY OF HENNEPIN)


On this 15th day of March, 1993, before me appeared L. L. Kohlhof, who
acknowledged himself to be the Vice President and Secretary of ITT Life
Insurance Corporation, and that he, as such Secretary by authority to do so,
executed the foregoing instrument for the purposes therein contained, by signing
the name of the corporation by himself as Secretary.


                                        /s/ Tami L. Johnson
                                        ---------------------------------------
                                        Notary Public

                                        My commission expires on
                                        9/10/97
[SEAL]
<PAGE>

                         AMENDMENT OF RESTATED ARTICLES
                         ITT LIFE INSURANCE CORPORATION



Amendment of Restated Articles in duplicate are hereby executed by the
undersigned, Robert W. MacDonald, President, and L. L. Kohlhof, Vice
President and Secretary, of ITT Life Insurance Corporation, a Wisconsin
corporation, as follows:

    On July 27, 1984 the following amendment to the Restated Articles
    of Incorporation of ITT Life Insurance Corporation was duly adopted
    by the written consent of all the shareholders and the Company's
    Board of Directors:

        RESOLVED, That the Fourth Article of the corporation's Restated
        Articles of Incorporation be and it is hereby amended and
        restated as follows.  All other Articles of the Restated Articles
        of incorporation are unchanged and to continue in full force
        and effect.

       "Fourth:  The aggregate number of shares which the corporation
        shall have authority to issue is 3,000 shares consisting of
        one class only, designated as Common Shares, of the par value
        of $1,250 per share."

        FURTHER RESOLVED, That the directors and officers of the corporation
        be and they are hereby authorized and directed to take whatever
        action may be required by law to give effect to this amendment of
        the Restated Articles of Incorporation.



Dated:    August 6, 1984                        Robert W. MacDonald
      -----------------------               ------------------------------
                                            Robert W. MacDonald, President


                                                   L. L. Kohlhof
                                            -------------------------------
                                            L. L. Kohlhof, Vice President &
                                                           Secretary


<PAGE>



STATE OF MINNESOTA )
                   ) ss
COUNTY OF HENNEPIN )

On this 6th day of August, 1984, before me appeared Robert W. MacDonald,
to me personally known, who, being by me duly sworn, did say that he is
the President of ITT Life Insurance Corporation, and that the seal affixed
to the foregoing instrument is the corporate seal of the corporation, and
that the instrument was executed in behalf of the corporation by authority
of its Board of Directors, and said Robert W. MacDonald acknowledged the
instrument to be the free act and deed of the corporation.



                                             Steven Puck
                                         ---------------------
                                             Notary Public


                                         My commission expires on
                                              October 22, 1985 (SEAL)


STATE OF MINNESOTA )
                   ) ss
COUNTY OF HENNEPIN )

On this 6th day of August, 1984, before me appeared L. L. Kohlhof, who
acknowledged himself to be the Vice President and Secretary of ITT Life
Insurance Corporation, and that he, as such Secretary by authority to do
so, executed the foregoing instrument for the purposes therein contained,
by signing the name of the corporation by himself as Secretary.



                                             Steven Puck
                                         ---------------------
                                             Notary Public


                                         My commission expires on
                                              October 22, 1985 (SEAL)



<PAGE>

                       RESTATED ARTICLES OF INCORPORATION

                         ITT LIFE INSURANCE CORPORATION



     These Restated Articles of Incorporation give effect to amendments of the
Articles of Incorporation and otherwise purport merely to restate all those
provisions already in effect.  These Restated Articles of Incorporation have
been adopted by the sole shareholder and shall supersede and take the place of
the heretofore existing Articles of Incorporation and amendments thereto.

     FIRST:  The name of the corporation is ITT Life Insurance Corporation.

     SECOND:  The address of the Registered Office of the Corporation is Whyte
and Hirschboeck,  111 East Wisconsin Avenue, Milwaukee, Wisconsin 53202.  The
name of the Registered Agent at such address is Joseph C. Branch.

     THIRD:  The Corporation may make insurance upon lives, may grant and issue
annuities, either in connection with or separate from contracts of insurance
predicated upon life risks, may issue policies stipulated to be with or without
participation in profits, may issue policies or certificates of insurance
against loss of life or personal injury resulting from any cause, and against
loss resulting from disease or accident, and against any other casualty or risk
which may be subject to life, accident or health insurance. Said Corporation
in addition to the foregoing is authorized generally to do a life, accident
and health insurance business, and is authorized to insure against any and all
hazards against which life, accident and health insurance companies are
authorized to insure by the laws of this state, or of any other state or
territory of the United States or foreign countries in which the company may
be licensed to carry on business.  In addition to the foregoing powers, the
purposes of said Corporation are all those permitted by Section 610.21 of
the Wisconsin Statutes.


     FOURTH:  The aggregate number of shares which the corporation shall have
authority to issue is 2,000 shares consisting of one class only, designated as
Common Shares, of the par value of $1,000 per share.


     FIFTH:  No shareholder shall, because of his ownership of shares, have a
preemptive or other right to purchase, subscribe for, or take any part of any
shares or any part of the notes, debentures, bonds, or other securities
convertible into or carrying options or warrants to purchase shares of this
corporation issued, optioned, or said by it after its incorporation.

<PAGE>
                                       -2-



     SIXTH:  Amendments to these Articles of Incorporation may be made at any
special meeting of shareholders duly called for that purpose, or at any annual
meeting of shareholders, provided that a statement of the nature of the proposed
amendment is included in the Notice of Meeting, upon receiving the affirmative
vote of the holders of at least two-thirds of the shares entitled to vote
thereon.



Dated: March 26, 1982                   ITT Life Insurance Corporation



                                        By  /s/ Raymond H. Deck
                                          ---------------------------------
                                          Raymond H. Deck
                                          Chairman of the Board
Attest:


William A. McMahon
- -----------------------------------
William A. McMahon
Secretary


610-0/82D



This document was drafted
by: William A. McMahon

<PAGE>

                                                          EXHIBIT (b)(6)(b)

                                 AMENDED BYLAWS



                                       OF



                  ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY



                    (formerly ITT LIFE INSURANCE CORPORATION)



                             EFFECTIVE MARCH 23, 1993





<PAGE>
                                    ARTICLE I

                               Name  -  Home Office

SECTION 1.  This company shall be named ITT Hartford and Annuity Life
Insurance Company.

SECTION 2.  The Company may have such principal and other business offices,
either within or without the State of Wisconsin, as the Board of Directors may
designate or as the business of the Company may require.

SECTION 3. The registered office of the Company required by law to be
maintained in the State of Wisconsin may be, but need not be, identical with
the principal office in the State of Wisconsin.


                                   ARTICLE II

            Stockholders' Meetings - Notice-Quorum-Right to Vote

SECTION 1.  All meetings of the stockholders shall be held at the principal
business office of the Company unless the Board of Directors shall otherwise
provide and direct.

SECTION 2.  The annual meeting of the stockholders shall be held on such day and
at such hour as the Board of Directors may decide.  For cause the Board of
Directors may postpone or adjourn such annual meeting to any other time during
the year.

SECTION 3.  Special meetings of the stockholders may be called by the Board of
Directors, the Executive Committee, the Chairman  or Vice Chairman of the Board,
the President or any Vice President.

SECTION 4.  Notice of stockholders' meetings shall be delivered to each
stockholder, either personally or by mail at his address as it appears on the
records of the Company, at least seven days prior to the meeting.  The notice
shall state the place, date and time of the meeting and shall specify all
matters proposed to be acted upon at the meeting.

SECTION 5.  At each annual meeting, the stockholders shall choose Directors as
hereinafter provided.

SECTION 6.  Each stockholder shall be entitled to one vote at all meetings of
the Company for each share of stock held by such stockholder.  Proxies may be
authorized by written power of attorney.

SECTION 7.  A majority of the total number of shares entitled to vote,
represented in person or by proxy, shall constitute a quorum.

<PAGE>

SECTION 8.  Each stockholder shall be entitled to a certificate of stock which
shall be signed by the President or a Vice President, and either the Treasurer
or an Assistant Treasurer of the Company, and shall bear the seal of the
Company, but such signatures and seal may be facsimile.


                                   ARTICLE III

                          Directors - Meetings - Quorum

SECTION 1.  The property, business and affairs of the Company shall be managed
by a board of not less than three nor more than twenty Directors, who shall be
chosen by the stockholders at each annual meeting.  Vacancies occurring between
annual meetings may be filled by the affirmative vote of a majority of the
Directors then in office.  Each Director shall hold office until the next annual
meeting of stockholders and until his successor is chosen and qualified.

SECTION 2.  Meetings of the Board of Directors may be called by the direction of
the Chairman of the Board, the President, or any three Directors.

SECTION 3. Three days' notice of meetings of the Board of Directors shall be
given to each Director, either personally or by mail or telegraph, at his
residence or usual place of business, but notice may be waived, at any time, in
writing, and attendance of a Director at a meeting shall constitute a waiver of
notice of such meeting except where a Director attends a meeting and objects
thereat to the transaction of any business on grounds that the meeting was not
lawfully called or convened.

SECTION 4. A majority of the number of existing directorships, but not less than
two Directors, shall constitute a quorum.


                                   ARTICLE IV

                   Election of Officer - Duties of Board of
                       Directors and Executive Committee


SECTION 1. The Board of Directors shall annually elect a President, a Secretary
and a Treasurer.  It may elect a Chairman of the Board, a Vice Chairman of the
Board and such Vice Presidents, other Secretaries, Assistant Secretaries,
Assistant Treasurers and other officers as it may determine.  All officer of
the Company shall hold office during the pleasure of the Board of Directors.

SECTION 2.   The Directors may fill any vacancy among the officers by election
for the unexpired term.

SECTION 3.    The Board of Directors may appoint from its own number an
Executive Committee of not less than five Directors. The Executive Committee may
exercise all powers vested in and

                                      - 2 -
<PAGE>

conferred upon the Board of Directors at any time when the Board is not in
session. A majority of the members of said Committee shall constitute a
quorum.  Meetings of the Committee shall be called whenever the Chairman of
the Board, the President or a majority of its members shall request.

SECTION 4.   The Board of Directors may annually appoint from its own number a
Finance Committee of not less than three Directors, whose duties shall be as
hereinafter provided.

SECTION 5.    The Board of Directors may, at any time, appoint such other
committees, not necessarily from its own number, as it may deem necessary for
the proper conduct of the business of the Company, which committees shall have
only such powers and duties as are specifically assigned to them by the Board of
Directors or the Executive Committee.

For all meetings, forty-eight hours' notice shall be given but notice may be
waived, at any time, in writing, and attendance of a Director at a meeting shall
constitute a waiver of notice of such meeting except where a Director attends a
meeting and objects thereat to the transaction of any business on grounds that
the meeting was not lawfully called or convened.

SECTION 6. The Board of Directors may authorize corporate contributions, in such
amounts as it determines to be reasonable, for public welfare or for charitable,
scientific or educational purposes, subject to the limits and restrictions
imposed by law and to such rules and regulations consistent with law as it
makes.

                                    ARTICLE V

                                    Officers

                              Chairman of the Board
                                       and
                           Vice Chairman of the Board

SECTION 1.   The Chairman of the Board shall preside at the meetings of the
Board of Directors and the Executive Committee and, in the absence of the
Chairman of the Finance Committee, at the meetings of the Finance Committee.
In the absence or inability of the Chairman of the Board to so preside, the
Vice Chairman shall preside in his place if there be one, otherwise the
President shall preside.

SECTION 2.  The Vice Chairman of the Board shall, in the absence of the Chairman
of the Board, exercise the powers and perform the duties of the Chairman of the
Board.  He shall perform such other duties and have such other powers as may be
assigned to him by the Board of Directors.


                                       -3-
<PAGE>

                                    President

SECTION 3. The President, unless the Board of Directors shall otherwise order
pursuant to Section 7 below, shall be the chief executive officer of the Company
and, subject to the control of the Board of Directors, shall in general
supervise and control all the business and affairs of the Company.  Unless
the Board of Directors shall provide otherwise, he shall, when present, preside
at all meetings of the shareholders and shall preside at all meetings of the
Board of Directors unless the Board shall have elected a Chairman of the Board
of Directors.  He shall have authority, subject to such rules as may be
prescribed by the Board of Directors, to appoint such agents and employees of
the Company as he shall deem necessary, to prescribe their powers, duties and
compensation, and to delegate authority to them.  Such agents and employees
shall hold office at the discretion of the President.  Except as otherwise
provided in these Bylaws or by resolution of the Board of Directors, the
President shall have authority to sign, execute and acknowledge, on behalf of
the Company all contracts, reports and other documents or instruments necessary
or proper to be executed in the course of the Company's regular business, or
which shall be authorized by resolution of the Board of Directors; and except as
otherwise provided by law or the Board of Directors, he may authorize any Vice
President or other officer or agent of the Company to sign, execute and
acknowledge such documents or instruments in his place and stead.  In general,
he shall perform all duties incident to the office of the chief executive
officer and such other duties as may be prescribed by the Board of Directors
from time to time.

If the President is not the chief executive officer, he shall have such duties
and authority as prescribed by the Board of Directors or the chief executive
officer.

SECTION 4.   In the absence or inability of the President to perform his duties,
the Board or the Chairman thereof may designate a Vice President to exercise the
powers and perform the duties of the President during such absence or inability.


                                    Secretary

SECTION 5.  The Secretary shall keep a record of all the meetings of the
Company, of the Board of Directors and of the Executive Committee, and he shall
discharge all other duties specifically required of the Secretary by law.
The other Secretaries and the Assistant Secretaries shall perform such duties as
may be assigned to them by the Board of Directors or by their senior officers
and any Secretary or Assistant Secretary may affix the seal of the Company and
attest it and the signature of any officer to any and all instruments.


                                       -4-
<PAGE>

                                    Treasurer

SECTION 6.  The Treasurer shall keep, or cause to be kept, full and accurate
accounts of the Company.  He shall see that the funds of the Company are
disbursed as may be ordered by the Board of Directors, the Finance Committee or
a duly authorized individual.  He shall have charge of all moneys paid to the
Company and shall deposit such to the credit of the Company or in any other
properly authorized name, in such banks or depositories as may be designated in
a manner provided by these Bylaws.  He shall also discharge all other duties
that may be required of him by law.

                                 Other Officers


SECTION 7.  The other officers shall perform such duties as may be assigned to
them by the President or the Board of Directors.  The Board of Directors may
designate the Chairman of the Board or the Vice Chairman as the chief executive
officer of the Company.  In such event that person shall assume all authority,
power, duties and responsibilities otherwise appointed to the President pursuant
to Section 3 above, and all references to the President in these Bylaws shall
be regarded as references to the Chairman of the Board or Vice Chairman,  as the
case may be, as such chief executive officer, except where a contrary meaning is
clearly required, and provided that in no case shall that person be empowered in
place of the President to sign the certificates for shares of stock of the
Company.

                                   ARTICLE VI

                                Finance Committee

SECTION 1.  If a Finance Committee is established, it shall be the duty of that
committee to supervise the investment of the funds of the Company in securities
in which insurance companies are permitted by law to invest, and all other
matters connected with the management of investments.  If no Finance Committee
is established, this duty shall be performed by the Board of Directors.

SECTION 2.  All loans or purchases for the investment and reinvestment of the
funds of the Company shall be submitted for approval to the Finance Committee,
if not specifically approved by the Board of Directors.

SECTION 3.  Sale or transfer of any stocks or bonds shall be made upon
authorization of the Finance Committee unless specifically authorized by the
Board of Directors.

SECTION 4.  Transfers of stock and registered bonds, deeds, leases, releases,
sales, mortgages chattel or real, assignments or partial releases of mortgages
chattel or real, and in general all instruments of defeasance of property and
all agreements or


                                       -5-
<PAGE>

contracts affecting the same, except discharges of mortgages and entries to
foreclose the same as hereinafter provided, shall be authorized by the
Finance Committee or the Board of Directors, and be executed jointly for the
Company by two persons, to wit:  the Chairman of the Board, the Vice
Chairman, the President or a Vice President, and a Secretary, the Treasurer
or an Assistant Treasurer, but may be acknowledged and delivered by either
one of those executing the instrument; provided, however, that either a
Secretary, the Treasurer, or an Assistant Treasurer alone, when authorized as
aforesaid, or any person specially authorized by the Finance Committee as
attorney for the Company, may make entry to foreclose any mortgage, and a
Secretary, the Treasurer or an Assistant Treasurer alone is authorized,
without the necessity of further authority, to discharge by deed or otherwise
any mortgage on payment to the Company of the principal, interest and all
charges due.

SECTION 5.   The Finance Committee may fix times and places for regular
meetings.  No notice of regular meetings shall be necessary.  Reasonable notice
shall be given of special meetings but the action of a majority of the Finance
Committee at any meeting shall be valid notwithstanding any defect in the notice
of such meeting.

SECTION 6.   In the absence of specific authorization from the Board of
Directors or the Finance Committee, the Chairman of the Board, the President, a
Vice President or the Treasurer shall have the power to vote or execute proxies
for voting any shares held by the Company.

                                   ARTICLE VII

                                      Funds

SECTION 1.   All monies belonging to the Company shall be deposited to the
credit of the Company, or in such other name as the Finance Committee, the
Chairman of the Finance Committee or such executive officers as are designated
by the Board of Directors shall direct, in such bank or banks as may be
designated from time to time by the Finance Committee, the Chairman of the
Finance Committee or by such executive officers as are designated by the Board
of Directors.  Such monies shall be drawn only on checks or drafts signed by any
two executive officers of the Company, provided that the Board of Directors may
authorize the withdrawal of such monies by check or draft signed with the
facsimile signature of any one or more executive officers, and provided further,
that the Finance Committee may authorize such alternative methods of withdrawal
as it deems proper.


The Board of Directors, the President, the Chairman of the Finance Committee, a
Vice President, or such executive officers as are designated by the Board of
Directors may authorize withdrawal of funds by checks or drafts drawn at offices
of the


                                       -6-
<PAGE>

Company to be signed by Managers, General Agents, or employees of the Company,
provided that all such checks or drafts shall be signed by two such
authorized persons, except checks or drafts used for the payment of claims or
losses which need to be signed by only one such authorized person, and provided
further that the Board of Directors of the Company or executive officers
designated by the Board of Directors may impose such limitations or
restrictions upon the withdrawal of such funds as it deems proper.

                                  ARTICLE VIII

                             Liability and Indemnity

SECTION 1.   No person shall be liable to the Company for any loss or damage
suffered by it on account of any action taken or omitted to be taken by him
as director or officer of the Company, or of any other company, partnership,
joint venture, trust or other enterprise for  which he serves as a director,
officer or employee at the request of the Company, in good faith, if such
person (a) exercised and used the same degree of care and skill as a prudent
man would have exercised or used under the circumstances in the conduct of
his own affairs, or (b) took or omitted to take such action in reliance upon
advice of counsel for the Company or upon statements made or information
furnished by officers or employees of the Company which he had reasonable
grounds to believe to be true.  The foregoing shall not be exclusive of other
rights and defenses to which he may be entitled as a matter of law.

SECTION 2.  The Company shall indemnify any person who was or is a party or
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, (other than one by or in the right of the Company) by
reason of the fact that he is or was a director, officer or employee of the
Company, or is or was serving at the request of the Company as a director,
officer or employee of another company, partnership, joint venture, trust or
other enterprise, against expenses, including attorneys' fees, judgments, fines
and amounts paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good faith and in
a manner he reasonably believed to be in or not opposed to the best interests of
the Company, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful.  The termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or upon a
plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the person did not act in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
Company, and, with respect to any criminal action or proceeding had reasonable
cause to believe that his conduct was unlawful.

                                       -7-
<PAGE>

SECTION 3.   The Company shall indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, by or in the right of the Company to procure a judgment in
its favor by reason of the fact that he is or was a director, officer or
employee of the Company, or is or was serving at the request of the Company as a
director, officer or employee of another company, partnership, joint venture,
trust or other enterprise against expenses, including attorneys' fees, actually
and reasonably incurred by him in connection with the defense or settlement of
such action or suit, if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Company, except
that no indemnification shall be made in respect of any claim, issue or matter
as to which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of his duty to the Company unless and only to the
extent that the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability and in view of all
circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses as such court shall deem proper.

SECTION 4.  Expenses, including attorneys' fees, incurred in defending a civil
or criminal action, suit or proceeding may be paid by the Company in advance of
the final disposition of such action, suit or proceeding, upon receipt of an
undertaking by or on behalf of the director or employee to repay such amount
unless it shall ultimately be determined that he is entitled to be indemnified
by the Company as authorized hereby.

SECTION 5.  The indemnification provided by this Article shall not be deemed
exclusive of any other rights to which those indemnified may be entitled under
any statute, bylaw, agreement, vote of shareholders or of disinterested
directors or otherwise, both as to action in an official capacity and as to
action in another capacity while holding such office, and shall continue as to
a person who has ceased to be a director, officer or employee and shall inure
to the benefit of the heirs, executors and administrators of such a person.


                                   ARTICLE IX

                               Amendment of Bylaws

SECTION 1.   The Directors shall have power to adopt, amend and repeal such
bylaws as may be deemed necessary or appropriate for the management of the
property and affairs of the Company.


SECTION 2.   The stockholders at any annual or special meeting may amend or
repeal these bylaws or adopt new ones if the notice of such meeting contains a
statement of the proposed alteration, amendment, repeal or adoption of the
substance thereof.  Bylaws amended or adopted by the stockholders may be amended
or repealed by the Directors.

                                       -8-

<PAGE>

This is to certify that the foregoing is a true copy of the Bylaws of ITT
Hartford Life and Annuity Insurance Company in full force and effect on this
29th day of July, 1993.

Attest:

                             /s/ Dave T. Schrandt
                        --------------------------------
                                        Dave T. Schrandt
                              Vice President, Controller

                                       -9-

<PAGE>

                                     BYLAWS



                                       OF



                         ITT LIFE INSURANCE CORPORATION



                            EFFECTIVE JANUARY 8, 1980
<PAGE>
                                    ARTICLE I

                               Name  -  Home Office

Section 1.  This company shall be named ITT Life Insurance Corporation.

Section   2.  The Company may have such principal and other business offices,
either within or without the State of Wisconsin, as the Board of Directors may
designate, or as the business of the Company may require.

Section 3. The registered office of the Company required by law to be
maintained in the State of Wisconsin may be, but need not be, identical with
the principal office in the State of Wisconsin.


                                   ARTICLE II

            Stockholders' Meetings - Notice - Quorum - Right to Vote

Section 1.  All meetings of the stockholders shall be held at the principal
business office of the Company unless the Board of Directors shall otherwise
provide and direct.

Section 2.  The annual meeting of the stockholders shall be held on such day and
at such hour as the Board of Directors may decide.  For cause the Board of
Directors may postpone or adjourn such annual meeting to any other time during
the year.

Section 3.  Special meetings of the stockholders may be called by the Board of
Directors, the Executive Committee, the Chairman  or Vice Chairman of the Board,
the President or any Vice President.

Section 4.  Notice of stockholders' meetings shall be delivered to each
stockholder, either personally or by mail at his address as it appears on the
records of the Company, at least seven days prior to the meeting.  The notice
shall state the place, date and time of the meeting and shall specify all
matters proposed to be acted upon at the meeting.

Section 5.  At each annual meeting the stockholders shall choose Directors as
hereinafter provided.

Section 6.  Each stockholder shall be entitled to one vote at all meetings of
the Company for each share of stock held by such stockholder.  Proxies may be
authorized by written power of attorney.
<PAGE>

                                      - 2 -


Section 7.  A majority of the total number of shares entitled to vote,
represented in person or by proxy, shall constitute a quorum.

Section 8.  Each stockholder shall be entitled to a certificate of stock which
shall be signed by the President or a Vice President, and either the Treasurer
or an Assistant Treasurer of the Company, and shall bear the seal of the
Company, but such signatures and seal may be facsimile.


                                   ARTICLE III

                          Directors - Meetings - Quorum

Section 1.  The property, business and affairs of the Company shall be managed
by a board of not less than three nor more than twenty Directors, who shall be
chosen by the stockholders at each annual meeting.  Vacancies occurring between
annual meetings may be filled by the affirmative vote of a majority of the
Directors then in office.  Each Director shall hold office until the next annual
meeting of stockholders and until his successor is chosen and qualified.

Section 2.  Meetings of the Board of Directors may be called by the direction of
the Chairman of the Board, the President, or any three Directors.

Section 3. Three days' notice of meetings of the Board of Directors shall be
given to each Director, either personally or by mail or telegraph, at his
residence or usual place of business, but notice may be waived, at any time, in
writing, and attendance of a director at a meeting shall constitute a waiver of
notice of such meeting except where a director attends a meeting and objects
thereat to the transaction of any business on grounds that the meeting was not
lawfully called or convened.

Section 4. A majority of the number of existing directorships, but not less than
two Directors, shall constitute a quorum.


                                   ARTICLE IV

                   Election of Officers - Duties of Board of
                        Directors and Executive Committee

Section 1. The Board of Directors shall annually elect a President, a Secretary
and a Treasurer.  It may elect a Chairman of the Board, a Vice Chairman of the
Board and such Vice Presidents, other Secretaries, Assistant Secretaries,
Assistant Treasurers and other officers as it may determine.  All officers of
the Company shall hold office during the pleasure of the Board of Directors.
<PAGE>

                                       -3-


Section 2.   The Directors may fill any vacancy among the officers by election
for the unexpired term.

Section 3.    The Board of Directors may appoint from its own number an
Executive Committee of not less than five Directors. The Executive Committee may
exercise all powers vested in and conferred upon the Board of Directors at any
time when the Board is not in session. A majority of the members of said
committee shall constitute a quorum.  Meetings of the committee shall be called
whenever the Chairman of the Board, the President or a majority of its members
shall request.

Section 4.   The Board of Directors may annually appoint from its own number a
Finance Committee of not less than three Directors, whose duties shall be as
hereinafter provided.

Section 5.    The Board of Directors may, at any time, appoint such other
committees, not necessarily from its own number, as it may deem necessary for
the proper conduct of the business of the Company, which committees shall have
only such powers and duties as are specifically assigned to them by the Board of
Directors or the Executive Committee.

For all meetings, forty-eight hours' notice shall be given but notice may be
waived, at any time, in writing, and attendance of a director at a meeting shall
constitute a waiver of notice of such meeting except where a director attends a
meeting and objects thereat to the transaction of any business on grounds that
the meeting was not lawfully called or convened.

Section 6. The Board of Directors may authorize corporate contributions, in such
amounts as it determines to be reasonable, for public welfare or for charitable,
scientific or educational purposes, subject to the limits and restrictions
imposed by law and to such rules and regulations consistent with law as it
makes.


                                    ARTICLE V

                                    Officers

                              Chairman of the Board
                                       and
                           Vice Chairman of the Board

Section 1.   The Chairman of the Board shall preside at the meetings of the
Board  of Directors and the Executive Committee and, in the absence of the
Chairman of the Finance Committee, at the meetings of
<PAGE>

                                       -4-


the Finance Committee.  In the absence or inability of the Chairman of the Board
to so preside, the Vice Chairman shall preside in his place if there be one,
otherwise the President shall preside.

Section 2.  The Vice Chairman of the Board shall, in the absence of the Chairman
of the Board, exercise the powers and perform the duties of the Chairman of the
Board.  He shall perform such other duties and have such other powers as may be
assigned to him by the Board of Directors.


                                    President

Section 3. The President, unless the Board of Directors shall otherwise order
pursuant to Section 7 below, shall be the chief executive officer of the Company
and, subject to the control of the Board of Directors, shall in general
supervise and control all of the business and affairs of the Company.  Unless
the Board of Directors shall provide otherwise, he shall, when present, preside
at all meetings of the shareholders and shall preside at all meetings of the
Board of Directors unless the Board shall have elected a Chairman of the Board
of Directors.  He shall have authority, subject to such rules as may be
prescribed by the Board of Directors, to appoint such agents and employees of
the Company as he shall deem necessary, to prescribe their powers, duties and
compensation, and to delegate authority to them.  Such agents and employees
shall hold office at the discretion of the President.  Except as otherwise
provided in these Bylaws or by resolution of the Board of Directors, the
President shall have authority to sign, execute and acknowledge, on behalf of
the Company all contracts, reports and other documents or instruments necessary
or proper to be executed in the course of the Company's regular business, or
which shall be authorized by resolution of the Board of Directors; and except as
otherwise provided by law or the Board of Directors, he may authorize any Vice
President or other officer or agent of the Company to sign, execute and
acknowledge such documents or instruments in his place and stead.  In general,
he shell perform all duties incident to the office of the chief executive
officer and such other duties as may be prescribed by the Board of Directors
from  time to time.

If the President is not the chief executive officer, he shall have such duties
and authority as prescribed by the Board of Directors or the chief executive
officer.
<PAGE>

                                       -5-

Section 4.   In the absence or inability of the President to perform his duties,
the Board or the Chairman thereof may designate a vice President to exercise the
powers and perform the duties of the President during such absence or inability.


                                    Secretary

Section 5.  The Secretary shall keep a record of all the meetings of the
Company, of the Board of Directors and of the Executive Committee, and he shall
discharge all other duties specifically required of the Secretary by law.
The other Secretaries and the Assistant Secretaries shall perform such duties as
may be assigned to them by the Board of Directors or by their senior officers
and any Secretary or Assistant Secretary may affix the seal of the Company and
attest it and the signature of any officer to any and all instruments.


                                    Treasurer


Section 6.  The Treasurer shall keep, or cause to be kept, full and accurate
accounts of the Company.  He shall see that the funds of the Company are
disbursed as may be ordered by the Board of Directors, the Finance Committee or
a duly authorized individual.  He shall have charge of all moneys paid to the
Company and shall deposit such to the credit of the Company or in any other
properly authorized name, in such banks or depositories as may be designated in
a manner provided by these bylaws.  He shall also discharge all other duties
that may be required of him by law.


                                 Other Officers

Section 7.  The other officers shall perform such duties as may be assigned to
them by the President or the Board of Directors.  The Board of Directors may
designate the Chairman of the Board or the Vice Chairman as the chief executive
officer of the Company.  In such event that person shall assume all authority,
power, duties and responsibilities otherwise appointed to the President pursuant
to Section 3 above, and all references to the President in these bylaws shall
be regarded as references to the Chairman of the Board or Vice Chairman,  as the
case may be, as such chief executive officer, except where a contrary meaning is
clearly required, and provided that in no case shall that person be empowered in
place of the President to sign the certificates for shares of stock of the
Company.
<PAGE>

                                       -6-


                                   ARTICLE VI

                                Finance Committee

Section 1.  If a Finance Committee is established it shall be the duty of that
committee to supervise the investment of the funds of the Company in securities
in which insurance companies are permitted by law to invest, and all other
matters connected with the management of investments.  If no Finance Committee
is established, this duty shall be performed by the Board of Directors.

Section 2.  All loans or purchases for the investment and reinvestment of the
funds of the Company shall be submitted for approval to the Finance Committee,
if not specifically approved by the Board of Directors.

Section 3.  Sale or transfer of any stocks or bonds shall be made upon
authorization of the Finance Committee unless specifically authorized by the
Board of Directors.

Section 4.  Transfers of stock and registered bonds, deeds, leases, releases,
sales, mortgages chattel or real, assignments or partial releases of mortgages
chattel or real, and in general all instruments of defeasance of property and
all agreements or contracts affecting the same, except discharges of mortgages
and entries to foreclose the same as hereinafter provided, shall be authorized
by the Finance Committee or the Board of Directors, and be executed jointly for
the Company by two persons, to wit:  the Chairman of the Board, the Vice
Chairman, the President or a Vice President, and a Secretary, the Treasurer or
an Assistant Treasurer, but may be acknowledged and delivered by either one of
those executing the instrument; provided, however, that either a Secretary, the
Treasurer, or an Assistant Treasurer alone, when authorized as aforesaid, or any
person specially authorized by the Finance Committee as attorney for the
Company, may make entry to foreclose any mortgage, and a Secretary, the
Treasurer or an Assistant Treasurer alone is authorized, without the necessity
of further authority, to discharge by deed or otherwise any mortgage on payment
to the Company of the principal, interest and all charges due.

Section 5.   The Finance Committee may fix times and places for regular
meetings.  No notice of regular meetings shall be necessary.  Reasonable notice
shall be given of special meetings but the action of a majority of the Finance
Committee at any meeting shall be valid notwithstanding any defect in the notice
of such meeting.
<PAGE>

                                       -7-


Section 6.   In the absence of specific authorization from the Board of
Directors or the Finance Committee, the Chairman of the Board, the President, a
Vice President or the Treasurer shall have the power to vote or execute proxies
for voting any shares held by the Company.


                                   ARTICLE VII

                                      Funds

Section 1.   All monies belonging to the Company shall be deposited to the
credit of the Company, or in such other name as the Finance Committee, the
Chairman of the Finance Committee or such executive officers as are designated
by the Board of Directors shall direct, in such bank or banks as may be
designated from time to time by the Finance Committee, the Chairman of the
Finance Committee or by such executive officers as are designated by the Board
of Directors.  Such monies shall be drawn only on checks or drafts signed by any
two executive officers of the Company, provided that the Board of Directors may
authorize the withdrawal of such monies by check or draft signed with the
facsimile signature of any one or more executive officers, and provided further,
that the Finance Committee may authorize such alternative methods of withdrawal
as it deems proper.

The Board of Directors, the President, the Chairman of the Finance Committee, a
Vice President, or such executive officers as are designated by the Board of
Directors may authorize withdrawal of funds by checks or drafts drawn at offices
of the Company to be signed by Managers, General Agents or employees of the
Company, provided that all such checks or drafts shall be signed by two such
authorized persons, except checks or drafts used for the payment of claims or
losses which need be signed by only one such authorized person, and provided
further that the Board of Directors of the Company or executive officers
designated by the Board of Directors may impose such limitations or restrictions
upon the withdrawal of such funds as it deems proper.


                                  ARTICLE VIII

                             Liability and Indemnity

Section 1.   No person shall liable to the Company for any loss or damage
suffered by it on account of any action taken or omitted to be taken by him as a
director or officer of the Company, or of any other company, partnership, joint
venture, trust or other enterprise for  which he serves as a director, officer
or employee at the
<PAGE>

                                       -8-


request of the Company, in good faith, if such person (a) exercised and used the
same degree of care and skill as a prudent man would have exercised or used
under the circumstances in the conduct of his own affairs, or (b) took or
omitted to take such action in reliance upon advice of counsel for the Company
or upon statements made or information furnished by officers or employees of the
Company which he had reasonable grounds to believe to be true.  The foregoing
shall not be exclusive of other rights and defenses to which he may be entitled
as a matter of law.

Section 2.  The Company shall indemnify any person who was or is a party or
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, (other than one by or in the right of the Company) by
reason of the fact that he is or was a director, officer or employee of the
Company, or is or was serving at the request of the Company as a director,
officer or employee of another company, partnership, joint venture, trust or
other enterprise, against expenses, including attorneys' fees, judgments, fines
and amounts paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good faith and in
a manner he reasonably believed to be in or not opposed to the best interests of
the Company, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful.  The termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or upon a
plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the person did not act in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
Company, and, with respect to any criminal action or proceeding had reasonable
cause to believe that his conduct was unlawful.

Section 3.   The Company shall indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, by or in the right of the Company to procure a judgement in
its favor by reason of the fact that he is or was a director, officer or
employee of the Company, or is or was serving at the request of the Company as a
director, officer or employee of another company, partnership, joint venture,
trust or other enterprise against expenses, including attorneys' fees, actually
and reasonably incurred by him in connection with the defense or settlement of
such action or suit, if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Company, except
that no indemnification shall be made in respect of any claim, issue or matter
as to which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of his duty to the Company unless and only to the
extent that the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability and in view of all
circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses as such court shall deem proper.
<PAGE>

                                       -9-


Section 4.  Expenses, including attorneys' fees, incurred in defending a civil
or criminal action, suit or proceeding may be paid by the Company in advance of
the final disposition of such action, suit or proceeding, upon receipt of an
undertaking by or on behalf of the director or employee to repay such amount
unless it shall ultimately be determined that he is entitled to be indemnified
by the Company as authorized hereby.

Section 5.  The indemnification provided by this Article shall not be deemed
exclusive of any other rights to which those indemnified may be entitled under
any statute, bylaw, agreement, vote of shareholders or of disinterested
directors or otherwise, both as to action in an official capacity and as to
action in another capacity while holding such office, and shall continue as to
a person who has ceased to be a director, officer or employee and shall inure
to the benefit of the heirs, executors and administrators of such a person.


                                   ARTICLE IX

                               Amendment of Bylaws

Section 1.   The Directors shall have power to adopt, amend and repeal such
bylaws as may be deemed necessary or appropriate for the management of the
property and affairs of the Company.

Section 2.   The stockholders at any annual or special meeting may amend or
repeal these bylaws or adopt new ones if the notice of such meeting contains a
statement of the proposed alteration, amendment, repeal or adoption of the
substance thereof.  Bylaws amended or adopted by the stockholders may be amended
or repealed by the Directors.



State of                 )
                         )    ss.
County of                )                            19



This is to certify that the foregoing is a true copy of the Bylaws of ITT Life
Insurance Corporation in full force and effect on this date.


Attest:


                        --------------------------------
                                               Secretary

<PAGE>

                             ARTHUR ANDERSEN LLP

                  CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the use of our reports
(and to all references to our Firm) included in or made a part of this
Registration Statement File No. 33-56790 on Form N-4 for ITT Hartford Life and
Annuity Insurance Company.



Hartford, Connecticut
April 21, 1995



<PAGE>
[ARTICLE] 6
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1994
[PERIOD-END]                               DEC-31-1994
[INVESTMENTS-AT-COST]                    1,851,767,506
[INVESTMENTS-AT-VALUE]                   1,770,362,046
[RECEIVABLES]                                2,796,555
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,773,158,601
[PAYABLE-FOR-SECURITIES]                     2,720,601
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                            0
[TOTAL-LIABILITIES]                          2,720,601
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                             0
[SHARES-COMMON-STOCK]                                0
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                             1,770,438,000
[DIVIDEND-INCOME]                           40,507,847
[INTEREST-INCOME]                                    0
[OTHER-INCOME]                              40,827,675
[EXPENSES-NET]                            (18,258,744)
[NET-INVESTMENT-INCOME]                     63,076,778
[REALIZED-GAINS-CURRENT]                     (207,190)
[APPREC-INCREASE-CURRENT]                (102,681,643)
[NET-CHANGE-FROM-OPS]                     (39,812,055)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                     772,052,116
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                                0
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                      0
[AVERAGE-NET-ASSETS]                                 0
[PER-SHARE-NAV-BEGIN]                                0
[PER-SHARE-NII]                                      0
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                                  0
[EXPENSE-RATIO]                                      0
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

<PAGE>


                 ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY

                                POWER OF ATTORNEY

                                Bruce D. Gardner
                                Joseph H. Gareau
                                 Joseph Kanarek
                                 Thomas M. Marra
                                Lowndes A. Smith
                               Lizabeth H. Zlatkus
                             Donald J. Znamierowski

do hereby jointly and severally authorize Bruce D. Gardner or Rodney J. Vessels
to sign as their agent, any Registration Statement, pre-effective amendment, and
any post-effective amendment of the ITT Hartford Life and Annuity Insurance
Company under the Securities Act of 1933 and/or the Investment Company Act of
1940.

IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney for the
purpose herein set forth.

/s/ Bruce D. Gardner                       Date:
- ----------------------------------              ---------------------------
    Bruce D. Gardner

/s/ Joseph H. Gareau                       Date:
- ----------------------------------              ---------------------------
    Joseph H. Gareau

/s/ Joseph Kanarek                         Date:    12-9-94
- ----------------------------------              ---------------------------
    Joseph Kanarek

/s/ Thomas M. Marra                        Date:     12-9-94
- ----------------------------------              ---------------------------
    Thomas M. Marra

/s/ Lowndes A. Smith                       Date:
- ----------------------------------              ---------------------------
    Lowndes A. Smith

/s/ Lizabeth H. Zlatkus                    Date:
- ----------------------------------              ---------------------------
    Lizabeth H. Zlatkus

/s/ Donald J. Znamierowski                 Date:     12/8/94
- ----------------------------------              ---------------------------
    Donald J. Znamierowski




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission