<PAGE>
PUTNAM HARTFORD CAPITAL MANAGER VARIABLE ANNUITY
HARTFORD LIFE AND ANNUITY INSURANCE COMPANY
SUPPLEMENT DATED SEPTEMBER 30, 1998 TO THE
PROSPECTUS DATED MAY 1, 1998
The second paragraph of the first page of the prospectus should include the
following Sub-Account and the underlying investment for that Sub-Account:
Putnam Research Sub-Account -- Shares of Class IA of Putnam VT Research
Fund of the Putnam Variable Trust
The tables and accompanying footnotes under the section entitled "Fee Table --
Summary" should be deleted and replaced with the following language:
ANNUAL FUND OPERATING EXPENSES
(as a percentage of net assets)
<TABLE>
<CAPTION>
TOTAL FUND
OTHER OPERATING
MANAGEMENT EXPENSES (AFTER EXPENSES (AFTER
FEES (AFTER ANY ANY EXPENSE ANY FEE WAIVERS AND
FEE WAIVERS) REIMBURSEMENT) EXPENSE REIMBURSEMENT)
<S> <C> <C> <C>
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Putnam VT Asia Pacific Growth Fund 0.80% 0.27% 1.07%
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Putnam VT Diversified Income Fund 0.69% 0.11% 0.80%
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Putnam VT The George Putnam Fund of Boston (1) 0.49% 0.36% 0.85%
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Putnam VT Global Asset Allocation Fund 0.66% 0.11% 0.77%
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Putnam VT Global Growth Fund 0.60% 0.15% 0.75%
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Putnam VT Growth and Income Fund 0.47% 0.04% 0.51%
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Putnam VT Health Sciences Fund (1) 0.56% 0.34% 0.90%
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Putnam VT High Yield Fund 0.66% 0.06% 0.72%
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Putnam VT International Growth Fund (1) 0.73% 0.47% 1.20%
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Putnam VT International Growth and Income Fund 0.80% 0.32% 1.12%
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Putnam VT International New Opportunities Fund (1) 0.92% 0.68% 1.60%
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Putnam VT Investors Fund (1) 0.52% 0.33% 0.85%
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Putnam VT Money Market Fund 0.45% 0.09% 0.54%
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Putnam VT New Opportunities Fund 0.58% 0.05% 0.63%
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Putnam VT New Value Fund 0.70% 0.15% 0.85%
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</TABLE>
<PAGE>
<TABLE>
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<S> <C> <C> <C>
Putnam VT OTC & Emerging Growth Fund (1) 0.56% 0.34% 0.90%
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Putnam VT Research Fund (1) 0.37% 0.48% 0.85%
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Putnam VT U.S. Government and High Quality Bond Fund 0.61% 0.08% 0.69%
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Putnam VT Utilities Growth and Income Fund 0.67% 0.07% 0.74%
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Putnam VT Vista Fund 0.65% 0.22% 0.87%
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Putnam VT Voyager Fund 0.54% 0.05% 0.59%
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</TABLE>
(1) The "Management Fees" and "Other Expenses" shown in the table above
reflect an expense limitation. In the absence of an expense limitation,
"Management Fees," "Other Expenses" and "Total Fund Operating Expenses"
would have been:
<TABLE>
<CAPTION>
TOTAL FUND
MANAGEMENT OTHER OPERATING
FEES EXPENSES EXPENSES
<S> <C> <C> <C>
Putnam VT The George Putnam Fund of Boston* 0.65% 0.36% 1.01%
Putnam VT Health Sciences Fund* 0.70% 0.34% 1.04%
Putnam VT International Growth Fund 0.80% 0.47% 1.27%
Putnam VT International New Opportunities Fund 1.20% 0.68% 1.88%
Putnam VT Investors Fund* 0.65% 0.33% 0.98%
Putnam VT OTC & Emerging Growth Fund* 0.70% 0.34% 1.04%
Putnam VT Research Fund* 0.65% 0.48% 1.13%
</TABLE>
* Estimated "Management Fees," "Other Expenses" and "Total Fund Operating
Expenses."
EXAMPLE
<TABLE>
<CAPTION>
If you surrender your Contract at | If you annuitize your Contract at | If you do not surrender your
the end of the applicable time | the end of the applicable time | Contract, you would pay the
period, you would pay the following | period you would pay the following | following expenses on a
expenses on a $1,000 investment, | expenses on a $1,000 investment, | $1,000 investment, assuming a
assuming a 5% annual return on | assuming a 5% annual return on | 5% annual return on assets:
assets: | assets: |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Sub-Account 1 year 3 years 5 years 10 years 1 year 3 years 5 years 10 years 1 year 3 years 5 years 10 years
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Putnam Asia $80 $128 $176 $289 $25 $79 $135 $289 $26 $80 $136 $289
Pacific Growth
Sub-Account
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Putnam 77 119 162 262 23 71 122 261 23 71 122 262
Diversified
Income Sub-
Account
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The George 78 121 n/a n/a 23 72 N/A N/A 24 73 N/A N/A
Putnam Fund
Sub-Account
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Putnam Global 77 118 161 259 22 70 120 258 23 70 121 259
Asset
Allocation
Sub-Account
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Putnam Global 77 118 160 257 22 69 119 256 23 70 120 257
Growth Sub-
Account
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Putnam Growth 80 112 147 231 20 62 106 230 20 62 107 231
and Income
Sub-Account
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</TABLE>
<PAGE>
<TABLE>
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Putnam 78 122 N/A N/A 24 74 N/A N/A 24 74 N/A N/A
Health Sciences
Sub-Account
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Putnam High Yield 76 117 158 253 22 68 117 253 22 69 118 253
Sub-Account
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Putnam 81 132 183 302 27 83 142 302 27 84 143 302
International
Growth Sub-
Account
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Putnam 80 129 179 294 26 81 138 294 26 81 139 294
International
Growth and
Income Sub-
Account
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Putnam 85 144 203 341 31 95 162 341 31 96 163 341
International
New
Opportunities
Sub-Account
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Putnam Investors 78 121 N/A N/A 23 72 N/A N/A 24 73 N/A N/A
Sub-Account
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Putnam Money 75 111 149 234 20 63 108 234 21 63 109 234
Market Sub-
Account
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Putnam New 75 114 153 244 21 65 113 243 21 66 113 244
Opportunities
Sub-Account
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Putnam New Value 78 121 165 267 23 72 124 266 24 73 125 267
Sub-Account
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Putnam OTC & 78 122 N/A N/A 24 74 N/A N/A 24 74 N/A N/A
Emerging
Growth Sub-
Account
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Putnam Research 84 123 N/A N/A 23 72 N/A N/A 24 73 N/A N/A
Sub-Account
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Putnam U.S. 76 116 157 250 21 67 116 249 22 68 117 250
Government
and High
Quality
Bond Sub-
Account
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Putnam Utilities 77 118 159 255 22 69 118 255 23 70 119 255
Growth and
Income Sub-
Account
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Putnam Vista 78 122 166 269 23 73 125 268 24 74 126 269
Sub-Account
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Putnam Voyager 75 113 151 240 20 64 111 239 21 65 111 240
Sub-Account
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</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.
Under the section entitled "WHAT TYPES OF INVESTMENTS ARE AVAILABLE UNDER THE
CONTRACT" add the following between "Putnam VT OTC & Emerging Growth Fund"
and "Putnam VT U.S. Government and High Quality Bond Fund":
Putnam VT Research Fund
<PAGE>
The second paragraph should add the following Sub-Account under the section
entitled "PERFORMANCE RELATED INFORMATION":
Putnam VT Research Fund
The first paragraph under the section entitled "ACCUMULATION UNIT VALUES"
should be deleted and replace with the following paragraph:
The following information has been derived from the audited financial
statements of the separate account, which have been audited by Arthur
Andersen LLP, independent public accountants, as indicated in their
report with respect thereto, and should be read in conjunction with those
statements which are included in the Statement of Additional Information,
which is incorporated by reference in this Prospectus. The George Putnam
Fund Sub-Account, Putnam Health Sciences Sub-Account, Putnam Investors
Sub-Account, Putnam OTC & Emerging Growth Sub-Account and Putnam Research
Sub-Account are new Sub-Accounts and are not shown below.
The following section should be added after the third sentence of the third
paragraph of the section entitled "THE FIXED ACCOUNT":
Hartford will publish periodically the Fixed Account interest rates that
are currently in effect.
The following sentence should be added after the fifth sentence of the third
paragraph of the section entitled "THE FIXED ACCOUNT":
Hartford will account for any deductions, surrenders, or transfers from
the Fixed Account on a "first-in, first-out" basis.
The following Putnam VT Research Fund investment objective should be added
after the Putnam VT OTC & Emerging Growth Fund investment objective:
PUTNAM VT RESEARCH FUND
Seeks capital appreciation by investing primarily in common stocks
recommended by Putnam Investment Management, Inc., ("Putnam Management"),
as having the greatest potential for capital appreciation.
The first paragraph after the Putnam VT Vista Fund investment objective
should include the Putnam VT Research Fund.
<PAGE>
Under the section entitled "DISTRIBUTION OF THE CONTRACTS", delete the second
sentence of the first paragraph and replace with the following language:
HSD is an affiliate of Hartford. Hartford's parent company indirectly
owns 100% of HSD.
HV-
33-73572
