<PAGE>
PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO
ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED OCTOBER 20, 1995 TO THE PUTNAM CAPITAL MANAGER TRUST
PROSPECTUS DATED MAY 1, 1995
The subsection entitled "The Company" should read as follows:
THE COMPANY
ITT Hartford Life and Annuity Insurance Company ("ITT Hartford"),
formerly ITT Hartford Insurance Corporation, is domiciled in the state
of Wisconsin at Suite 2100, 111 East Wisconsin 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 Insurance
Company, one of the largest multiple lines insurance carriers in the
United States.
ITT Hartford Life and Annuity Insurance Company is rated A+ (superior)
by A.M. Best and Company, Inc. on the basis of its financial
soundness and operating performance. ITT Hartford Life and Annuity
Insurance Company has an AA+ rating from both Standard and Poor's
and Duff and Phelps on the basis of its claims-paying ability.
These ratings do not apply to the performance of 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.
33-60702