PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO
497, 1995-04-04
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               PUTNAM CAPITAL MANAGER TRUST SEPARATE ACCOUNT TWO
                ITT HARTFORD LIFE AND ANNUITY INSURANCE COMPANY

      SUPPLEMENT DATED MARCH 21, 1995 TO PUTNAM CAPITAL MANAGER PROSPECTUS
                              DATED JUNE 22, 1994

The subsection entitled "THE COMPANY" should read as follows:

                                  THE COMPANY

    ITT Hartford Life and Annuity Insurance Company, formerly ITT Life 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 2999, Hartford, Connecticut 06104-2999.

    ITT Hartford was incorporated on 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 has an A++ (superior) rating
    from  A.M.  Best and  Company,  Inc. 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 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.


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